Top 20 Best Personal Finance Books

Blog posts and podcasts are a fantastic way to learn about the essential parts and pieces of personal finance, but if you want a full plan for your future financial independence then you’ll want to devour a few (or all of the) personal finance books below. We have compiled a list of some of the most influential books that we have come across. Let us know what your favorites are and if there have been any other books that have been particularly life changing!

This amazing book explores lessons in financial wisdom in the form of a series of parables set in ancient Babylon and was originally published in 1926.

The stories were initially published separately as a series of informational pamphlets that were handed out by banks and insurance companies to prospects and clients. They were successful enough that they were put together in a single edition and published as a book that to this day remains influential in the topic of personal finance.

JL Collins advocates a self-guided way to deal with investing (and money management). He provide the tools and pathways needed to be your own financial planner:

Avoid Bad Debts.

Save more than you spend.

Invest in low cost index funds.

Disregard the news — and your friends’ advice.

Stanley and Danko analyzed the behavior and habits of millionaires to show how they save, spend and invest money. The findings were surprising. It turns out that people with a net worth of $1 million or more tend to live in middle-class neighborhoods, not in gated communities.

If you find yourself being enticed by fancy cars, huge houses, and the instagram-model-life

Ramit Sethi’s 6-week personal finance program for 20-to-35-year-olds. A completely practical approach delivered with a nonjudgmental style that makes readers want to do what Sethi says, it is based around the four pillars of personal finance- banking, saving, budgeting, and investing-and the wealth-building ideas of personal entrepreneurship.

Dave Ramsey has been a personal finance legend for decades, starting with the 1997 publication of his book, Financial Peace.

Dave has helped many people claw their way out of massive debt and his book is a great place to start if you are starting from a negative net worth.

This book by Tim Ferriss puts many on the path of entrepreneurship and the journey of financial independence. Ferriss provides you with the blueprint to escape your 9-5 job and create a business that is able to fund the lifestyle of your dreams. Even if you want to remain in a 9-5 job this book may inspire you to find efficiencies in your day-to-day life and change your perspective on what lifestyle dreams may actually be achievable.

If personal finance is new to you, then you might want to check out the 1997 classic, “Rich Dad, Poor Dad.” This tome tells parables about personal finance while advocating for real assets and investments, including real estate.

It doesn’t tell you how to build wealth while avoiding Starbucks and fast food, but how to build successful businesses that will create passive income for you. It’s not about asking for a five percent raise at your job, it’s about creating streams of income that will work for you.

How many hours did you spend at work so that you could pay your car payment this month? Was it worth it? Have you ever considered how much of your life you’re spending working to buy things you don’t need to impress people that you don’t even like? Vicki Robin focuses on the way you think about money and how you trade your life energy for the money that you have.

One of the original personal finance books, “Think and Grow Rich” was published in 1937, in the aftermath of the Great Depression. The book’s lessons are distilled from interviews with the most successful people of the day, including Henry Ford, John D. Rockefeller and Charles M. Schwab.

Hill takes their lessons and reworks them into bite-size formulas that the everyday layman can follow. It’s not necessarily solely geared toward making someone financially successful, but successful in all aspects of life. He wants you to chase after your wildest dreams, no matter how crazy they might sound.

John Bogle is the founder of The Vanguard Group, an investment firm famous for its index funds. He believed that index funds, which track a specific index like the S&P 500, provide a better return than individual stocks.

Rich Dad’s Cashflow Quadrant is a guide to financial freedom. It’s the second book in the Rich Dad Series and reveals how some people work less, earn more, pay less in taxes, and learn to become financially free. Kiyosaki identifies the four quadrants (employee, self-employed, business owner, and investor) and how one can move from one quadrant to another.

Burton Gordon Malkiel is an economist who worked for Princeton University who wrote several books about personal finance, with his most famous and influential being A Random Walk Down Wall Street. As of 2015, the book has had 11 editions that have sold more than 1.5 million total copies.

In the book, Malkiel examines some of the most popular investing techniques, such as fundamental and technical analysis, pointing out some of the flaws associated with these techniques, and determining that passive strategies are actually superior to these flawed methods.

David Bach gives you a totally realistic system, based on timeless principles, with everything you need to know, including phone numbers, websites and apps, so you can put the secret to becoming an Automatic Millionaire in place from the comfort of your own home. 

From handling expenses to boosting FICO ratings, Get a Financial Life can tell those simply beginning the best way to diminish their debts, reduce financial mistakes, and explore the universe of personal finance in the consistently evolving landscape.

Broke Millennial shows step-by-step how to go from flat-broke to financial badass. Unlike most personal finance books out there, it doesn’t just cover boring stuff like credit card debt, investing, and dealing with the dreaded “B” word (budgeting). Financial expert Erin Lowry goes beyond the basics to tackle tricky money matters and situations most of us face #IRL

The Bogleheads’ Guide to Investing is a slightly irreverent, straightforward guide to investing for everyone. The book offers sound, practical advice, no matter what your age or net worth.

This book offers practical, easy to follow advice that is relevant in any market.

You Are a Badass at Making Money will launch you past the fears and stumbling blocks that have kept financial success beyond your reach. Drawing on her own transformation—over just a few years—from a woman living in a converted garage with tumbleweeds blowing through her bank account to a woman who travels the world in style, Jen Sincero channels the inimitable sass and practicality that made You Are a Badass an indomitable bestseller. She combines hilarious personal essays with bite-size, aha concepts that unlock earning potential and get real results.

This series of must-read personal finance books may or may not be considered novels, as their purpose is primarily to convey financial advice, though they do make use of fictional characters and plot points to get this advice across. First published in 1989, the Wealthy Barber remains an influential piece of literature in the personal finance sphere.

When University of Chicago professor Harold Pollack interviewed Helaine Olen, an award-winning financial journalist and the author of the bestselling Pound Foolish, he made an off­hand suggestion: everything you need to know about managing your money could fit on an index card. To prove his point, he grabbed a 4″ x 6″ card, scribbled down a list of rules, and posted a picture of the card online. The post went viral. 
 
Now, Pollack teams up with Olen to explain why the ten simple rules of the index card outperform more complicated financial strategies. Inside is an easy-to-follow action plan that works in good times and bad, giving you the tools, knowledge, and confidence to seize control of your financial life.

Further Reading…

We have not personally read the following books, but we believe that it is important to build a wide foundation of education in any topic that you want to master. By reading all of the different perspectives of this topic you can decide what authors match with your interest, life situation and the values that you hold. If you have blown through the first 20 books in this list we absolutely recommend that you expand your horizons by reviewing the following titles. Let us know if any of these books have been especially life changing for you.

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