Are you an avid reader looking for a helpful guide to the best books about money?
Look no further! In this review article, we’ll be sharing with you some of our top picks for books on everything from personal finance to investing. Whether you’re new to managing your finances or already know the basics and want to hone your financial literacy skills, these selections will have something great in store. So let's dive right in and explore what each one has to offer – they could just provide everything you were looking for: personal finance basics!
How We Choose These Books for You
It can be hard to know which books about money are worth reading.
There are a lot of books about money out there, and it can be tough to know which ones are worth your time.
We've read through thousands of reviews to come up with a list of the best books about money. Whether you're looking for personal finance advice or want to learn more about investing, we have a book for you.
1. Rich Dad Poor Dad by Robert T. Kiyosaki
# 1 Personal Finance Book of All Time
This book offers an inspiring vision of what anyone can achieve when they redefine their meaning of being ‘rich’ and understand financial independence.
What Is This Book About
Rich Dad Poor Dad by Robert T. Kiyosaki is an eye-opening book about understanding money, investing, and building wealth. It takes you on a journey through the life of Rob as he grows up with two very different influences: his real dad, who had limited education and income, and his best friend's father, his rich dad, who taught him invaluable lessons about financial literacy. Through this contrasting portrayal of two very different points of view, the book explains the fundamental difference between working for money versus having your money work for you.
The teachings in Rich Dad Poor Dad challenge conventional wisdom and show that it’s possible to create personal wealth regardless of salary or background. It offers an inspiring vision of what anyone can achieve when they redefine their meaning of being ‘rich’ and understand financial independence. Interesting yet understandable concepts are explained in detail; from assets, liabilities, and cash flow formulas to investment strategies and more. Whether you have experience in managing finances or are just starting - this book is essential reading for anyone looking to gain insight into how to build a sound financial future for themselves and their families.
Why You Will Love It
Rich Dad Poor Dad is a powerful and thought-provoking book. It dispels the notion that one has to earn a high income to become rich, makes you rethink what an asset truly is, criticizes the school system for its lapse in teaching financial literacy, provides realistic examples of what is classified as an asset and a liability, and ultimately equips you with the knowledge necessary to aid your children's future success. An absolute must-read!
2. The Intelligent Investor by Benjamin Graham
The Best Book on Investing Ever Written
This book teaches investors to look beyond the initial stock prices and develop long-term strategies that shield them from substantial error.
What Is This Book About
The Intelligent Investor by Benjamin Graham is a must-have for any serious investor. In 1949, Graham first published this stock market bible and since then his philosophy of “value investing” has been used as the standard for becoming a successful and savvy investor. This book teaches investors to look beyond the initial stock prices and develop long-term strategies that shield them from substantial error.
With this guide, readers gain an insight into the stock market world including understanding what stocks are worth your money and why certain stocks tend to remain lucrative even with time. Even more, this book provides useful tips on interpreting financial statements, gauging trends, assessing companies from different angles such as management structure and products/services, and much more. Regardless if you are a beginner or a veteran investor, The Intelligent Investor by Benjamin Graham is essential reading if you want to build a strong portfolio that will yield returns over the years.
Why You Will Love It
You will love The Intelligent Investor because it is vital and indispensable to reaching your financial goals. It has all the important information that you need to understand, analyze, and manage investment opportunities. You won't find a more comprehensive resource to help you achieve stability and security with investments. Furthermore, it provides sound advice that anyone can use, regardless of experience level in investing. This book is an essential tool if you are looking to reach your financial goals easily and effectively, so don't wait another day - start reading now!
3. Think and Grow Rich by Napoleon Hill
Over 15 Million Copies Sold
In this groundbreaking book, Hill asks the profound question of what it takes to be a winner and digs deep into the minds and lives of exemplary people who have achieved great things.
What Is This Book About
Since its first publication, Think and Grow Rich by Napoleon Hill has provided readers with a powerful and timeless blueprint for success. In this groundbreaking book, Hill asks the profound question of what it takes to be a winner and digs deep into the minds and lives of exemplary people who have achieved great things. Considered the “Granddaddy of All Motivational Literature” thanks to its long-standing and esteemed reputation, Think and Grow Rich reveals Napoleon Hill’s insights on success and unlocking the potential for achieving what many deem impossible.
Drawing from his struggles in life, Hill provides readers with thought-provoking advice along with examples from some of history’s most successful figures, including Andrew Carnegie, Thomas Edison, and Henry Ford. Through sixteen chapters containing practical principles combined with inspiring stories that illustrate each point in the action, readers discover how to boost self-confidence through imagination and desire being converted into plans that drive tangible results.
Hill’s text is equipped with a comprehensive set of instructions on wealth attainment which will require on your part an unwavering desire to become successful — both mentally as well as materially. Armed with this knowledge you can unleash the potential within to overcome obstacles on the path of greatness with resilience against failure. It would not be wrong to say that Think and Grow Rich stands out owing to its simple but effective approach toward personal betterment for entrepreneurs longing for success.
Why You Will Love It
Think and Grow Rich by Napoleon Hill is an essential guide to achieving anything you can imagine in this world. It is written in a way that forces you to confront your own beliefs, take responsibility for them, question them, and then accordingly move forward to the realization of your dreams. The core of this book is all about transforming yourself into the highest version of yourself so that everything else around you can align accordingly to make those dreams come true. You will be empowered as you read it, gaining wisdom and insight toward living a successful life that speaks straight from the heart of every reader.
4. The Total Money Makeover by Dave Ramsey
#1 New York Times Bestselling Author
With its straightforward approach and step-by-step methods, The Total Money Makeover will help you create an achievable roadmap for a better financial future.
What Is This Book About
The Total Money Makeover by Dave Ramsey is the ultimate guide to becoming financially successful. With easy-to-follow steps and clear actions, readers can learn how to achieve financial independence through a simple and practical approach. This book provides a no-nonsense plan to help you tackle debts, shape your spending habits, build wealth, and reach all of your financial goals. The powerful techniques used by Dave Ramsey have been proven time and time again to help people take control of their finances in record time. From building an emergency fund to investing in the stock market with confidence, this book has it all covered. With its straightforward approach and step-by-step methods, The Total Money Makeover will help you create an achievable roadmap for a better financial future. Transform your current financial situation into one that you feel confident about - start your money makeover today!
Why You Will Love It
You will love this book, The Total Money Makeover: Classic Edition, because it provides you with the perfect plan for paying off all your debts and setting up a secure nest egg for your life. You will learn to recognize the 10 most dangerous money myths that can cost you big in the long run. You will also get a big fat nest egg set up for emergencies as well as retirement! Trust this book to get you on track to financial stability and security. You won't regret it!
5. The Automatic Millionaire by David Bach
#1 New York Times Bestseller
This book follows an inspiring couple who make around $55k a year yet manage to retire at 55 with a million in savings, offering hope for success to everyday people like us.
What Is This Book About
The Automatic Millionaire by David Bach is the story of how you, too, could achieve financial success on your terms. With proven strategies and simple rules, you can become one of these automatic millionaires who live life to the fullest. We all want to improve our finances but often don't know where to start, and that's what makes The Automatic Millionaire so powerful. You'll learn twelve steps to building wealth quickly and realize that with a little planning and effort, you can have everything you ever wanted. This book follows an inspiring couple who make around $55k a year yet manage to retire at 55 with a million in savings, offering hope for success to everyday people like us. Through easy-to-follow explanations and guidance from financial experts backed by real stories from those who have found financial freedom in their lifetime, The Automatic Millionaire sets you up for success no matter your age or income level. In just a few chapters, this book will offer insightful lessons about money management and saving strategies; teach valuable information about the power of compounding interest; provide tips for investing in yourself through education; and explain when it’s time to take risks versus when it’s better not to. With clear direction offered by renowned financial advisor David Bach as your companion along the way, you can be well on your way towards financial security and gain meaningful control over your future in just one short read – free yourself from fear of economic instability forever with The Automatic Millionaire!
Why You Will Love It
You will love this book because it provides you with a realistic system based upon timeless principles that can easily be put into place from the comfort of your own home. You will receive all the necessary information, such as phone numbers, website links, and even helpful applications you can use to secure your financial future with ease. What's even better is that the secret to becoming an Automatic Millionaire can be achieved by doing it just once; after that, everything will virtually be automatic!
6. Secrets Of The Millionaire Mind by T. Harv Eker
#1 New York Times Bestseller
Secrets of the Millionaire Mind by T. Harv Eker provides readers with an inside look into how financial success can be achieved. The book includes step-by-step guidelines that explain what needs to be done to dramatically increase income and amass wealth.
What Is This Book About
Secrets of the Millionaire Mind by T. Harv Eker provides readers with an inside look into how financial success can be achieved. It is two books in one and provides fundamental knowledge, along with detailed actionable steps on mastering the mindset of a millionaire. In Part I readers will understand how their money blueprint — those early childhood experiences — shape their adult views on wealth and learn how to rewrite it to create the life they desire. In Part II, readers dive into seventeen “Wealth Files” where they get an honest look at how rich people think and act differently than other demographics. Each file includes step-by-step guidelines that explain what needs to be done to dramatically increase income and amass wealth. This book is ideal for people that want to gain a better understanding of finances and use it to achieve financial freedom throughout their lives.
Why You Will Love It
You will love Secrets of the Millionaire Mind by T. Harv Eker if you're trying to grow your financial knowledge and success! You'll learn how to reprogram yourself for success in achieving your desired financial goals. You don't need to be a business expert; this book will help to provide insights into how money works, the theories behind creating wealth, and understanding how the wealthy think and acts differently from those who remain financially stuck. Harv practices what he preaches, so you know that following his advice is a surefire way to increase your financial security and well-being.
7. The Richest Man In Babylon by George Clason
Over 4 Million Copies Sold
The Richest Man in Babylon serves as an invaluable guide to creating personal security and reaching financial independence.
What Is This Book About
The Richest Man in Babylon by George Clason is a timeless classic, focused on helping people become financially independent and save for the future. It’s based on a series of “Babylonian parables” and has been deemed the greatest of all inspirational finance works.
For decades, the book has helped readers develop their wealth with powerful lessons about thrift, financial planning, and investments. Through relatable stories and practical advice, The Richest Man in Babylon emphasizes the importance of practicing prudent habits such as living within one’s means and investing money wisely — lessons that remain applicable to this day.
In an age where financial literacy is all too often overlooked, The Richest Man in Babylon serves as an invaluable guide to creating personal security and reaching financial independence. Readers will be motivated to take charge of their wealth by setting goals and creating systems that propel them toward achieving their aspirations.
The Richest Man in Babylon will be your road map to understanding the principles around wise money management — so you can be ready for what life throws your way. Get it today to unlock a secure tomorrow.
Why You Will Love It
You will love The Richest Man In Babylon by George Clason because it provides simple yet powerful lessons to help you achieve financial success and prosperity. Beautifully written, with captivating characters and delectable stories, this gem of a book easily transported me away into the world of thrifty Babylonia. You don't need a degree in economics to master these teachings as the keys are accessible even to those without financial experience or acumen. So my friends, take hold of your financial freedom by investing in yourselves – You deserve the riches!
Best Books About Money FAQs
People have a lot of questions when it comes to money.
It can be hard to know where to start when it comes to getting your finances in order. There are so many questions and options, it's easy to feel overwhelmed.
We've compiled the most frequently asked questions about money into one helpful guide. Whether you're looking for advice on budgeting, investing, or saving for retirement, we have the answers you need.
What is the best book to read about making money?
The best book to read about making money is Tony Robbins’ book "Unshakeable: Your Financial Freedom Playbook". It provides an in-depth, comprehensive look at how to manage and grow your wealth. The book covers a range of topics such as understanding your financial picture, creating a long-term investment plan, and taking advantage of major opportunities for the future. It's written in layman's terms that are easy to understand and it’s full of actionable advice without being overwhelming or intimidating.
The main point Robbins wants readers to grasp is that you must take control of your finances by making up mind decisions regarding where you’re going with them - investments, retirement plans, etc. He emphasizes having a savings plan tailored specifically towards each individual as well as putting away 10% or more of their income every month so they can invest it in something solid like bonds or stocks over time which will yield much better results than short-term investments like mutual funds. Additionally, he examines how taxes play into our financial lives; how different types of investment vehicles (IRAs/401Ks) are taxed differently; and tips on managing debt wisely.
Robbins also talks about the importance of establishing an emergency fund for those unexpected expenses such as medical bills or job loss so readers don't find themselves strapped for cash in times when they need it most. He also stresses living within one's means rather than splurging irresponsibly on flashy items - luxury vacations or designer shoes - that won't help build lasting wealth but instead drain bank accounts quickly due to high-interest rates attached to them if not paid off promptly upon purchase Plus he helps readers think outside the box by offering ideas around alternative investment options like real estate development & angel investing amongst others which can offer large returns if executed correctly with sound research behind them (e.g., tracking trends & markets).
All these topics clarified and combined provide readers with practical insight on building genuine financial freedom through smart planning & decision-making – all backed up by Robbins' industry experience!
How to master money?
Mastering money is no easy task, however with the right mindset and a dedication to learning and honing your financial skills, you can ultimately become financially secure. Here are some key steps that you should take to master money:
1. Create a Budget: A budget serves as a foundation for your financial life; it gives you an understanding of what inflows and outflows exist each month about the funds available within your control. Set aside time each month to review income, expenses, debt payments, etc., and make sure that they are all captured within your budget plan so that they appropriately inform future decisions made related to money.
2. Track Your Spending Habits: Closely examining how much is being spent on entertainment, dining out or other forms of leisure activities can help reveal areas where there may be too much-wasted spending on non-essential items due to impulse purchases or lack of awareness about how resources are used up in day-to-day situations. Staying mindful of details like these will help shape better habits over time leading to higher efficiency when dealing with personal finances.
3. Practise Financial Discipline: Managing personal wealth comes down not just understanding economic concepts but also having the discipline needed when facing real-world scenarios - be it staying away from any form of consumer debt (credit cards), putting savings before discretionary spending, or setting short/medium term goals with corresponding action plans around reaching them; disciplined money management requires one’s full attention and commitment even if times get tough along the way due unforeseen events such as job loss, etc., Always remember though despite whatever life throws at us keeping our focus on obtaining financial mastery means never straying away from true north when making decisions related to money matters every step of the journey ahead!
What is the best way to learn about money?
Learning about money doesn't have to be complicated or intimidating. There are a variety of different approaches to becoming knowledgeable and savvy with your finances, depending on your comfort level.
First, it is important to understand the basics of money management by reading books or taking courses that teach the fundamentals such as budgeting, saving, and investing. Money Smart from the FDIC is a comprehensive financial education program designed for adults with limited income or resources who would like to learn more about managing their finances wisely. Additionally, there are many books available covering topics such as banking services, credit scores, and reports, retirement planning, and investments.
Second, begin actively tracking your spending by setting up an automated budget system in which you can monitor where each dollar goes throughout the month so you know exactly where you’re saving – and where you’re wasting – money. If a spreadsheet isn’t helpful for you in this regard then consider downloading an app like Mint which allows users to sync financial accounts into one platform for tracking daily expenses across multiple categories (e.g., groceries/dining out). This helps build positive habits that will make it easier to stay within budget every month while simultaneously freeing up extra cash for investing purposes moving forward.
Thirdly (and most importantly!) leverage digital tools that can help improve long-term success when it comes to building wealth over time — everything from Robo advisors offering affordable portfolio management solutions; index funds providing access into entire markets at very low costs; peer-to-peer lending networks harnessing crowdfunds towards loans issued without banks involved; as well cryptocurrencies blazing trails in decentralized finance applications such as P2P payments & contracts secured via blockchain technology…
What are the 7 financial skills?
Financial literacy is an essential part of understanding personal finance and making sound financial decisions. Being financially literate can help you build wealth, manage debt, and make well-informed decisions in all aspects of your life. The following are the seven main financial skills to master:
1. Budgeting: Budgeting is a critical skill for managing money well. It involves tracking income and expenses to figure out how much money is available for spending each month or year—and where it should be allocated most effectively (mortgage vs car loans vs credit cards).
2. Saving: Creating a plan for saving money is essential if you wish to have financial security down the road—this means setting up emergency funds, retirement accounts, and other savings goals such as new furniture or purchasing a home.
3. Investing: Investing involves putting your money into different types of investments to grow it over time; this includes stocks, mutual funds, bonds, etc… Knowing which type of investment best fits your needs requires knowledge about these vehicles as well as an understanding of risk tolerance levels so that you make wise choices when investing capital.
4. Credit Management: Understanding credit can mean being able to get lower interest rates on new purchases (cars & homes) while also avoiding late payment fees by staying on top of bills; additionally this will help keep long-term credit scores high which can be beneficial in future loan applications or job searches depending upon the industry/position sought after!
5. Retirement Planning: Preparing for retirement takes discipline; therefore having a solid plan for yourself early on helps ensure that there will be resources available when needed most later down life’s road – contributing regularly towards 401ks & IRAs are great ways to start!
6 Tax Planning Strategies: Minimizing taxes can add significant cash flow over time - taking advantage of tax breaks such as qualified dividend income or capital gain exemptions may allow more resources left at hand than expected– by properly researching potential tax strategies everyone should be able to pay less than their “fair share” without breaking any laws!
7 Insurance Knowledge: Having insurance during emergencies such as medical issues reduces stress during difficult times– knowing how different plans work, what type may be best suited, deductible amounts needed, etc all play into determining proper coverage while getting maximum protection from premiums paid too often means staggering benefits afterword!
What should I read daily for finance?
Reading about finance daily is an excellent way to stay informed, up-to-date, and knowledgeable about current financial news. There are several publications that finance professionals recommend reading every day to stay ahead of the curve.
For starters, The Wall Street Journal (WSJ) offers one of the most comprehensive daily coverage of global financial news. WSJ covers everything from stock market performance to major business headlines and analyses around the world. You can get a digital subscription at wsj.com or buy individual articles if you’d rather do so separately.
The Financial Times (FT) has been providing readers with insightful commentary and analysis for decades now, and it's still going strong today as one of the most credible sources for international business news and markets coverage globally. Not only does FT offer daily newsletter subscriptions for each section but many readers like to focus on certain topics such as technology or health care that FT provides updates on regularly.
Seeking Alpha is another great source for staying current with investment ideas from both amateur Investors as well as seasoned professionals; you can follow specific investment strategies or find interesting new insights into emerging trends in finance through their blog posts submitted by users all over the globe covering a wide array of stocks across industries.
Bloomberg Markets magazine also provides thoughtful editorial content available online along with access to Bloomberg TV which live streams interviews with key industry experts discussing recent events impacting different sectors within the economy both domestically and abroad each month – they even host webinars where viewers can join them online with other viewers quite frequently as well! Additionally, subscribing to their mailing list allows subscribers access to exclusive content every week - perfect for those who want more detailed coverage than what’s available elsewhere without having to spend hours sifting through multiple publications themselves!
Finally, InvestorPlace is an excellent resource for staying up-to-date in stock investing specifically - they offer newsletters based on individual investors' preferences tailored just for them allowing readers personalized insight into what could be lucrative stocks worth looking further into or avoiding entirely based on real predictions from experienced traders alike! With weekly alerts sent directly via email regarding hot investments trending across various exchanges worldwide, there isn’t any excuse not to use this service when deciding which securities make sense financially speaking before purchasing them outright!
What are strong financial skills?
Strong financial skills encompass a range of financial literacy characteristics, from budgeting and saving to investing managing debt, and understanding taxes. The ability to manage money is often referred to as “financial wellness” or “financial health.”
Budgeting: This includes both creating and maintaining a budget that works for you. It means being aware of your income sources, tracking what you spend, making sure bills are paid on time, and trying to save where possible for the future.
Saving: Save money involves setting aside funds now so that if your income stops or an unexpected expense arises, you have set aside money to help cover it. It also can mean taking advantage of tax-advantaged savings accounts such as 401(k)s or IRAs, which may provide tax deductions at present while giving you something else to give back upon retirement or the sale of the investments within those accounts.
Investing: Investing involves putting some money into stocks, bonds, and other types of securities to build wealth over time through appreciation in value and/or dividends received on those investments (if applicable). If done effectively with enough research into which type of investment best fits individual needs (i.e., aggressive growth stock versus dividend security), this skill has great potential for more significant returns down the road than simply saving alone would offer over any given period.
Managing Debt: Managing debt includes understanding how certain forms work (such as credit cards) and avoiding interest charges by paying off balances due before finance charges accrue monthly when possible; additionally any loans taken out should be paid off on time without fail so that interest costs do not overwhelm one's finances each month due not just from late fees but from higher rates sometimes incurred when payments are late two or more times consecutively even just once per loan account taken out with said lender(s).
Taxes: Taxes in most countries involve complex rules regarding calculations based upon income levels generated either through gainful employment or investments held outside taxable accounts such as a 401(k) / IRA rollover products potentially available depending upon personal circumstances including age in conjunction with other related factors beyond just their current balance sheet status at any given point along life's journey - hence why it pays quite literally here sometimes even quite figuratively speaking too by way meaningfully minimizing one's annual gross income level via carefully crafted deductions when applicable based upon existing legal parameters otherwise specified by governmental regulatory agencies overseeing taxation matters accordingly anywhere in our modern world today...so overall having knowledge about taxes is another important skill few people truly understand but many should seek mastery eventually towards becoming closer towards obtaining full financial independence at some point down every person's respective economic path ahead soon enough!
Conclusion
In conclusion, we've explored a multitude of books about money and have compiled this list of the top picks. Each personal finance book has been meticulously reviewed, researched, and surveyed to ensure they meet the highest level of quality. So whether you're looking for financial education, fun stories, budgeting strategies, or advice on how to start your personal finance journey, and make more money, these excellent books can provide a great start. Investing in your financial knowledge through those best personal finance books is one of the most lucrative pursuits you can do in life! Don't let this opportunity pass you by – take a look at this list and pick out one (or two!) of the best books about money that you know will have a positive impact on your present and future life.
