Top 8 Best Personal Finance Books: To get started in personal finance, you don’t need to shell out hundreds of dollars on books that are considered to be must-reads within the industry. Instead, I’ve done the legwork and compiled a list of the 8 best personal finance books.
Top 8 Best Personal Finance Books For 2022
That will help you reach your financial goals and stay on track with your finances, whether you are completely new to the subject or have been working on it for several years now. See if there are any titles that sound interesting to you and pick one up today!
#1 – The Millionaire Next Door
Secrets to Saving and Success from America’s Wealthy, by Thomas J. Stanley and William D. Danko – In our economy of excess, it is difficult to be well-off in one sense and yet still live below your means. However, if you want to build wealth but aren’t doing so already, then start here. The most important thing you can do is find ways to spend less than you earn while saving 10% or more of your earnings every year.
This book will help you do that. #2 – How To Get Out Of Debt, Stay Out Of Debt And Live Prosperously: With Practical Advice On Managing Your Money And Achieving Financial Freedom, by Jerrold Mundis – Are you deep in debt? Does it feel like there is no way out?
Do you know how to get out of debt? If not, then read on. This guidebook provides a clear plan for getting out of debt and staying out forever. It also helps people develop a healthy relationship with money that allows them to live comfortably without being overly concerned about having enough money at all times.
#2 – The Total Money Makeover
Smart Things To Do With Your Money In Life, By Dave Ramsey (Released December 1, 2010) #3 – Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence, by Vicki Robin & Joe Dominguez (Released June 26, 1992) #4 – The Intelligent Investor: The Definitive Book on Value Investing.
A Book of Practical Counsel (Revised Edition), by Benjamin Graham (Released October 24, 2003) #5 – Security Analysis: Sixth Edition: Classic 1934 Text on Investment Techniques – Enhanced eBook Edition [PDF], by Benjamin Graham & David L. Dodd (Released November 20, 2012) #6 – Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor.
Revised Edition., by John C. Bogle (Released September 30, 2009) #7 – Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That The Poor And Middle Class Do Not!, by Robert T. Kiyosaki (Released April 16, 1997) #8 – The Millionaire Next Door: The Surprising Secrets of America’s Wealthy, by Thomas J. Stanley & William D. Danko (Released January 15, 1996)
#3 – Get Out of Debt, Stay Out of Debt
Why You Need This Book by John Baker. Take charge of your money today with guidance from getting out of debt experts. This book provides a simple, but effective system for getting out of debt and staying that way. It features sample budgets, case studies, and lists of helpful resources to get you on track for financial freedom. Order it here.
The Top 5 Financial Tips Every 20-Something Needs To Know Now: A lot of 20-somethings have trouble managing their finances. This can be frustrating because even though we’re technically adults, many times we still don’t know what we’re doing when it comes to our finances. There are plenty of books out there designed specifically for helping young people learn how to manage their money better.
#4 – Your Money or Your Life
The First Financial Guide You’ll Actually Read (1992) – Your Money or Your Life is to personal finance what The 7 Habits of Highly Effective People is to self-help: a book that became synonymous with its genre, in part because it was so relatable and easy to follow.
Written by Joe Dominguez and Vicki Robin, two former New Yorkers who were on their way up through their respective careers as aerospace engineers and Wall Street traders when they decided money wasn’t making them happy. When they made their way back down again through layoffs and selling off assets, they devoted themselves full-time to figuring out how people can rethink their lives around finances.
And it worked—both for them and for countless others who have followed their advice. It might be over 25 years old now, but Your Money or Your Life still holds true today. It’s about valuing your time above all else—and then paying yourself first. It’s about looking at your life from a new perspective, one where you realize you are worth more than whatever number shows up on your paycheck every month—and then living accordingly.
#5 – The Automatic Millionaire
A Powerful One-Step Plan to Live and Finish Rich by David Bach. This book is a great introduction to creating an automated, self-sustaining system of wealth-building that ensures you’ll never be without money again. The premise of Automatic Millionaire is simple: Set up a system that automatically saves and invests a portion of your income (ideally 10%).
And sticks with it for life. In other words, you won’t have to make any major sacrifices or financial decisions. You can live exactly the same way as before, but now you’re saving enough to reach your goals. If you need more convincing about why automation is so important, check out our complete guide on how to automate your finances. You can also read my review of The Automatic Millionaire here.
#6 – The Power of Passive Investing
The Simple Investment Strategies Used by Warren Buffett and George Soros to Make Billions. Passive investing is all about making money while you’re sleeping. Over thousands of years, humans have inadvertently evolved a survival skill that still works today: buy low, sell high. By moving away from active trading and embracing passive investing, investors can experience financial success without stress or sleepless nights.
In The Power of Passive Investing, author Andy Mulvaney takes readers on a journey through history and explains how passive investing is based on two basic human emotions—fear and greed—and how most people leverage these to make their money work for them. With clear explanations and practical advice, he shows how anyone can use passive investing to help achieve financial freedom.
#7 – Getting Things Done
The Art of Stress-Free Productivity by David Allen: The author has distilled his advice into a simple five-step methodology. It’s not as flashy as some other techniques out there, but it’s simple and gets results. Whether you have lots of time or little, use Getting Things Done to organize your life and eliminate stress. This book will help you get rid of that ever-present nagging feeling that you have more to do than time allows—once and for all. A mind free from worry is one primed for productivity!
The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey: You can be debt-free with zero dollars in your bank account. That may sound impossible, but it’s true if you follow Dave Ramsey’s plan outlined in The Total Money Makeover. Ramsey offers seven baby steps to take control of your finances and break free from debt once and for all. With careful consideration and dedication, anyone can become financially independent through these tried-and-true methods taught by an expert in money management.
#8 – Think and Grow Rich
Napoleon Hill’s 1937 book Think and Grow Rich is still relevant today, which speaks to its usefulness. In it, Hill discusses 13 principles for success that have worked for a lot of people over a long period of time. It’s based on his conversations with business leaders and millionaires from around that time period, and it’s always been popular among entrepreneurs who want to build their fortunes on stable ground.
If you’re just starting out in your career or are hoping to change careers, Think and Grow Rich is a good read. #7 – The Millionaire Next Door: Thomas J. Stanley and William D. Danko published The Millionaire Next Door in 1996, but it continues to be popular because of how it challenges conventional wisdom about wealth. Many people think being rich means living an extravagant lifestyle—but Stanley and Danko found that most millionaires live relatively modestly.
They also found that millionaires tend to be self-made rather than inheriting their money, they live below their means, they invest regularly (and wisely), they spend less than they earn each year, and they work hard at what they do—all traits anyone can adopt if he or she wants to become wealthy someday too! #6 – The 7 Habits of Highly Effective People: Stephen R.
There are many great personal finance books out there. That is why they are all included in our top eight list. If you want to find out more about these amazing and helpful books then click on one of them below.
A lot of people have found that these particular financial books have helped them achieve their goals and, even if they don’t know it yet, you will too! If you ever have any questions or need some advice, feel free to contact us at any time and we will help you with anything we can. We look forward to hearing from you soon!