I love to read. In fact, reading is easily one of my favorite things to do in the world! But, I know many of y’all don’t love reading. Unfortunately for y’all non-readers, books can be an amazing resource for learning about personal finance. That’s why I decided to compile a list of the best books about money. So, you don’t have to waste time reading books that don’t have all the best information!
Best Books About Money
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To begin with, let’s kick things off with two classics!
Rich Dad Poor Dad
If you’ve Google’d even one question about money, then I’m sure you’ve heard of Rich Dad Poor Dad. Because it has easily become the most famous book for personal finance! This book was written by Robert T. Kiyosaki in 1997. It’s based on the knowledge he gained from his rich dad, who was his friend’s dad. And his poor dad who was his real father. It discusses things such as behavior, taxation, making your money work for you, and assets vs liabilities. This book is great for someone just starting out. Or to help you teach your teen financial literacy!
The Total Money Makeover
Another famous personal finance guru that you may have heard of is Dave Ramsey. He wrote The Total Money Makeover in 2003 to help people live debt-free. It includes the infamous Seven Baby Steps. Those of which are: save a $1,000 emergency fund, pay off debts using the snowball method, save a full emergency fund, build retirement, save for your child’s education, pay off home, and build wealth. We studied much of this book in my personal finance class in college. And it’s definitely worth the read!
Best Books About Money For Women
Smart Women Finish Rich
This book was written by David Bach in 1999, aimed directly at us women. Now, if you’re not a woman, don’t worry. David has written multiple best-selling personal finance books for you to choose from. Such as, The Automatic Millionaire, The Latte Factor, and Start Late Finish Rich. Smart Women Finish Rich discusses how to manage your money, take control of your finances, and start investing. This book is great for women (obviously). Or anyone who is looking to turn their financial situation around!
Secrets Of Six-Figure Women
Another book written for women who are interested in personal finance is the Secrets of Six-Figure Women. Written by Barbara Stanny in 2002, this book was designed to help women close the wage gap. It gives helpful information for women looking to make six figures. Which is based off of information she has collected from other high-earning women. And it discusses things such as, knowing your self worth, the power of profit motive, and how to stop holding yourself back.
Best Books About Money For Millennials
Broke Millennial
Erin Lowry wrote this very relatable book just for us youngins! Broke Millennial is the perfect book for, well, millennials. It covers many of the financial issues us 90’s babies are dealing with. Including, student loans, how to get comfortable talking about money, moving back in with your parents, and the impending retirement planning. While many personal finance books can be stuffy, this one gives some pretty good tips in an interesting and easy to understand way.
Set For Life
If you’ve heard about the FIRE movement, then you may have stumbled upon this book. Set for Life was written by Scott Trench in 2017. This is another book made for people in their 20s and 30s. It gives a refreshing take on the American Dream. As well as providing tips to help you reach financial freedom and early retirement. It discusses saving money, frugal living, increasing your income, and acquiring assets. This book is great for those of you who don’t mind putting in the work now to retire before you’re old and gray!
Best Books About Money For Investing
The Boglehead’s Guide To Investing
If you’ve ever done a deep dive on the investing subreddit, then you’ve heard the term bogleheads. Written by Taylor Larimore, Mel Lindauer, and Michael LeBoeuf. The Boglehead’s Guide to Investing is based off of the principles of John C Bogle. Who is he, you might ask? Although, you may have only heard Warren Buffett’s name when learning about index funds, it was actually John who created them! Fortunately for us, this book discusses ignoring traditional Wall Street advice and provides new insight for investing in the stock market!
The Simple Path To Wealth
Since this book is based off of personal letters written to his daughter, JL Collins gives investing tips in the form of fatherly advice. Presently crying, but it’s my allergies, I swear. Furthermore, The Simple Path to Wealth is another book that knocks traditional investment advising. He discusses how to invest no matter what kind of market you’re in. As well as simplifying many overwhelming investment terms. He breaks down things like, retirement accounts, phases of investing, and asset allocation.
I love David Bach’s simple and common sense approach to money! His reads are always entertaining and have really good balance in them. No extreme measures here, just slow and steady wins the money race!
Yes! I’ve read two of his books so far and thoroughly enjoyed his take on personal finance!
Love this recommendations – definitely have to check out The Simple Path To Wealth, but I hope my allergies don’t act up.
You’ll have to let me know what you think!
Broke Millennial might be the perfect book for me! I find that a lot of personal finance books speak a little too advanced about financial aspects (especially when they touch upon stocks, usually that is so not beginner friendly!) and I imagine that book would be much more beginner friendly! Thanks!
Very true! Many personal finance books can be a bit stuffy and hard to understand for someone just starting out. Broke Millennial would be a great option for you! Let me know if you like it!