If you’re reading this article, chances are you want to change your financial situation.
You want to get out of debt and get more money. And that’s great! But if you’re like a lot of people, you’re not sure where to start. Don’t worry – we’ve got you covered.
In order to achieve financial success one must be willing to learn.
Some of the best personal finance books available on finance have been written by authors who have experienced all the highs and lows of business and have come out successful.
Many others have also written on this subject and while they might not have had the same level of direct experience as the aforementioned, their advice is just as valuable.
We have compiled a list of the best books on money and finances from the past few years in no particular order.
In this article, we highlight 10 excellent finance books that all personal finance enthusiasts should read to overcome being broke.
The Automatic Millionaire by David Bach
This is one of the best books on money and finances for those looking to take control of their finances. It will teach you how to save money, invest money, and retire comfortably with little to no debt.
“The Automatic Millionaire” has sold over 1.5 million copies and has been translated into over 12 languages.
In the book, David Bach states that the key to getting rich is not a matter of how much you make, but how much you keep.
This book is all about how to maximize your money and how to automate your money. In essence, this book is all about following the “pay yourself first” rule.
By paying yourself first, it means that you should be putting a certain percentage of your paycheck into savings and investments before you pay your bills and other expenses.
This book offers straightforward advice on how to build wealth through small, practical steps.
Based on the simple principle that “small amounts done consistently will lead to big results”, the book uses the “7 Steps to Financial Peace” as a road map to financial freedom.
I Will Teach You to be Rich by Ramit Sethi
This is one of my favourite personal finance books because it teaches you how to save money for any goal.
Maybe you want to save for a new car, or a trip to Italy, or maybe you just want to buy some stocks. Whatever your goal, this book will help you get there.
The book is divided into three parts: Part One: Save More, Spend Less – This section is about how to pay yourself first and automate your finances, so that you’re saving without thinking about it.
Part Two: Invest Your Money, Better – This section is all about investing your money and includes a whole chapter on how to start investing in just 15 minutes.
Part Three: Other People’s Money – This section is all about leveraging other people’s money (like credit cards and home equity loans) to grow your wealth.
All in all, I Will Teach You To Be Rich is a great book to help you save money and invest it wisely.
Wealthing Like Rabbits by Robert R. Brown
Do you want to be a millionaire? Do you want to retire early? If so, this is the book for you.
In Wealthing Like Rabbits , Robert R. Brown presents an easy-to-follow plan that will help you get rich and retire early.
He takes you through the process of setting goals, saving money, investing wisely and creating passive income streams. The personal finance book is full of case studies and examples that help clarify his well-thought-out plan.
He focuses on the idea that if we invest just 10% of our income each year, and earn 10% on those investments each year, we will become millionaires in just 12 years!
This probably isn’t the fastest way to become a millionaire, but it’s certainly a realistic and achievable plan that doesn’t require you to be a financial genius or have a lot of money to invest.
If you can save 10% of your income, you’ll be well on your way to saving the first million dollars.
What I liked most about this book was that it encourages people to take control of my finances and invest wisely.
If you follow the outlined plan, you will be seeing changes in your personal finances, mainly in the amount of money you have available to invest and save.
Personal Finance for Dummies by Erik Tyson
I should have known that a book titled Personal Finance for Dummies would be a good choice!
This is the best book I have found on the subject, and I have read a lot of them. The author is a personal finance expert who has spent more than 20 years helping people just like me get their financial lives in order.
This personal finance book is full of helpful information and advice. It’s written in a fun, easy-to-understand style that makes it a pleasure to read.
He covers just about every aspect of personal finance, from starting an emergency fund to picking the best retirement plan.
The author also explains how to manage your credit, including tips for getting out of debt and paying off your house early.
There is even a section on financial planning for single parents, which I found very helpful. I would recommend this book to anyone who wants to take control of their finances.
Start Late, Finish Rich by David Bach
This is another great personal finance book that is geared toward people in their twenties and thirties.
Like all of David Bach’s work, it’s an easy and fun read. He doesn’t just tell you how to manage your money; he makes it fun, too!
His advice is easy to follow, and his writing style is full of humor. I have learned a lot from this book, and I know you will, too.
Money by Jacob Goldstein
Jacob Goldstein has been teaching and researching personal finance for over twenty years.
His writing style is great because he tells his stories in an entertaining way while still getting his points across.
The personal finance book is organized in three parts, with each part focusing on a different aspect of personal finance. The first part of the book focuses on how to put together a budget, which I found very helpful. The second part explains how to control your spending and the third part focuses on investing.
This is a great book for anyone who wants to learn more about personal finance.
The Path: Accelerating Your Journey to Finacial Freedom by Peter Mallouk and Tony Robbins
I found this personal finance book to be one of the most interesting on this list. It’s pretty long, so it may take you a while to read, but it’s definitely worth it. The Path is about achieving financial freedom through investing.
The book explains how financial advisors can rip you off by charging unnecessary fees, and it shows you how to choose an advisor that is honest and trustworthy.
The authors also discuss the importance of investing in index funds, which I recently wrote an article about here .
Overall, I found this book to be an insightful, comprehensive guide to investing.
All Your Worth: The Ultimate Lifetime Money Plan by Elizabeth Warren and Amelia Warren Tyagi
This personal finance book is written by a Harvard professor and her daughter. It is different from many other personal finance books because it focuses on the psychology of money.
The authors talk about how consumerism is used to exploit people’s weaknesses in order to get them to spend more than they can afford.
They also explain that most people have no idea where their money goes each month, and they discuss different methods for keeping track of your spending.
One of my favorite aspects of this book is that it gives you the opportunity to calculate what your “ideal” annual income would be. Then, it helps you figure out how much you need to save each month in order to achieve that ideal income.
I really liked this method because it makes being financially independent seem more like a possibility.
This book is for people who are serious about changing their financial situation. It’s a bit complex, but it’s worth it if you want to gain a better understanding of personal finance.
Get A Financial Life By Kobliner Beth
Another great personal finance book for beginners, Get A Financial Life gives you an introduction to money. The information is organized in a conversational style, and it’s written in a way that anyone can understand.
The book explains how to manage your money and what you should do before you even think about investing.
I really liked the section on how to put together a budget, because it’s something I’ve never done before. I found it very helpful and easy to follow.
This book is perfect for people who are just starting out with their finances. It’s very informative and easy to read!
Know Yourself Know Your Money By Cruze Rachel
The Know Yourself Know Your Money book is one of the best personal finance books for beginners.
This book is written by Rachel Cruze, the daughter of Dave Ramsey. This book will help you take control of your money and set up a good budget.
The Little Book of Common Sense Investing by Jack Bogle
If you’re looking for a guide that will help you choose the best investment for your needs, The Little Book of Common Sense Investing is the perfect personal finance book for you.
Written by Jack Bogle, the founder of Vanguard, The Little Book of Common Sense Investing is a guide to building wealth through low-cost index funds.
This book is short and easy to read, making it perfect for beginners.
The Money Book for the Young, Fabulous, and Broke by Suze Orman
Suze Orman’s personal finance book isn’t really about investing, but it’s a great resource for anyone who wants to get their financial life in order.
The book talks about how to make a budget and how to understand your credit card statements.
It’s also full of useful tips, like how to negotiate with your creditors and how to know if you’re getting ripped off by a financial advisor.
This is an excellent guide for anyone who needs help getting their finances in order.
The Intelligent Investor by Benjamin Graham
If you’re looking for a personal finance book that describes the principles of value investing, look no further than The Intelligent Investor .
The Intelligent Investor was written by Benjamin Graham, the father of value investing. This book is considered one of the best investing books ever written, and it’s one of the most useful financial books for beginners.
What makes this book so good is that it can be used by both beginning and experienced investors. Even if you’ve been investing for a while, you can learn a lot from this book.
Personal Finance 101 By Mill Alfred
Personal Finance 101 is one of the best personal finance books for beginners.
This book will help you to get a handle on your personal finances and make the right money decisions.