It’s never too early to get your financial life in order. It may be the most valuable thing you can do for yourself before you start a family or buy a home. That’s why we’ve put together a list of five personal finance books that have changed our lives and helped us get on the right track. These books cover topics from credit cards to retirement savings and all of them give valuable insight into what money means to you. Whatever stage of life you are in, these five books will help you make better money decisions and create a more fulfilling financial future for yourself.
Personal Finance Books
You May Also Like: HOW TO SAVE MONEY ON BOOKS
The Automatic Millionaire
by David Bach “Whether you want to pay off your credit card debt or start a rainy-day fund, achieving your dreams requires discipline. Don’t let money mess with your happiness.” The Automatic Millionaire is the best-selling book about personal finance. It details how you can find success and increase your quality of life. Bach is an expert on all things personal finance and provides actionable advice for anyone looking to reduce their debt, increase their wealth, save more for their children’s college tuition, or just make smarter spending decisions. More From Credit.com Earning More By Working Less Can you work fewer hours and earn more? Some people can, but most of us can’t.
Smart Money, Smart Kids
By William Danko, This book is an amazing blend of financial literacy and psychology. William Danko, a professional money manager, argues that it doesn’t matter how rich or poor you are, if you’re not smart about money, your kids will be doomed to live a life of poverty. In this book, Danko details his philosophy of “free money.” He argues that anything that we get without effort or sacrifice is a gift. That gift can be money, or it can be time. If we’re not willing to work for those gifts, we will never be able to use them to their fullest. Danko argues that “a few years’ work’s worths of effort now can yield significant benefits down the road,” as we get good at using money to get what we want without work.
The Wealthy Barbershop
By Ramit Sethi, This is the one personal finance book I recommend to everyone. Ramit Sethi writes How I Made $15,000 in One Day a book that changed my life, as well as the lives of hundreds of thousands of people. In his book, Ramit takes you through the steps he used to turn $15,000 into $120,000 in a matter of months. The book offers simple steps that anyone can follow. It’s a quick read and packed with actionable advice. Ramit breaks down the path to making a six-figure income in a very clear and concise way. You’ll never have to spend another day doubting your abilities again. Author Bio: Ramit Sethi is a world-class motivational speaker, New York Times bestselling author, and frequent television personality.
The Millionaire Next Door
What makes a person rich? To me, there’s no better book to answer that than The Millionaire Next Door. It’s an in-depth look at the 1% of the world’s population that enjoys one of the highest standards of living in the world while those at the other end of the economic spectrum struggle with putting food on the table, paying bills, and saving for the future. The research makes clear that even if you don’t have millions of dollars of your own, wealth is a skill you can acquire. People who don’t make a lot of money but who focus their lives on being good at making money can make more money over time and accumulate more wealth than those who aren’t willing to put in the work.
I Will Teach You To Be Rich
by Ramit Sethi, This is the perfect book for people who feel like they’re just barely getting by and fear they’re never going to be wealthy. It’s funny, honest, and easy to read, and it’s got a list of tried and true tips that will help you get serious about paying off your debt and making the most of your money. Whether you’re a recent college graduate or you’re more than ten years into your career, Sethi will have you thinking differently about money — and creating a path to financial freedom. Financial Samurai by Laurie Silber This book puts you right in the middle of your finances. Whether you’re trying to save for retirement or figure out how to pay off debt, Financial Samurai is a game-changer.
Best Personal Finance Books for Different Stages of Life
The Checklist Manifesto The Checklist Manifesto was written by a group of management experts from around the world, including Simon Sinek. In the book, they argue that we don’t make the most important decisions in life with the best information, but rather, with the minimal information that fits into a comprehensive checklist. In other words, they argue that the best way to achieve big goals is to make fewer decisions, but use the right information to make those decisions. Since the book was first published in 2010, it has become a best-seller and is referenced in countless business schools, organizations, and companies around the world. We don’t talk about money enough.
Learning how to manage your money, accumulate more assets, and plan for a comfortable retirement isn’t easy, and often it requires a new mindset and a willingness to do some self-reflection. It’s certainly easier said than done, but the results of applying the best personal finance strategies can be transformative for your future.
- 8 FRUGAL WAYS TO SAVE MONEY ON UTILITIES DURING WINTER WHILE STAYING WARM
- AMAZING WAYS TO SAVE MONEY ON MOVIE TICKETS