Do you love good personal finance books? For some, nothing beats the feeling of curling up at the end of the day with a great read.
Well, what if we told you that you could do just that while also benefitting your knowledge and strategy in personal finance?
Personal finance books are a great way to learn more about how you can improve your financial situation without having to dedicate too much of your time, money, or effort.
This article is here to help you find the best finance book for your personal needs and interests that may help you to create a healthy future for your money and spending!
Why Didn’t They Teach Me This in School?
Written by Cary Siegel, Why Didn’t They Teach Me This in School is the perfect guide for those wishing they learnt more about money while still in school – in the personal finance books category.
It remains a point of frustration to some that high school and college made subjects like math and English essential but dedicated practically zero time to teaching the adults of tomorrow the basics about how to function financially in the real world.
Siegel, a retired business executive, shares these frustrations and decided that something must be done to assist the people who struggle with finances due to their lack of education about the matter.
The book focuses on eight lessons based on ninety-nine financial principles that can help you mentally place the wild world of finances into simple categories.
The Automatic Millionaire
Everyone wants to be a millionaire. The Automatic Millionaire, written by David Bach in the personal finance books category, will teach you how to do just that!
The book begins with the introduction of the average couple whose annual income equates to approximately $55 000 combined.
They don’t sound like two individuals who, by their retirement, will own two houses, have put two children through college, and still find themselves with upwards of $1 000 000 in savings, right?
Well, thanks to their financial planning, they have done just that! How is that possible, you may ask.
Bach’s novel stands out from the rest through its realistic, easy-to-follow, planning that does not require you to go down the routes of budgeting or self-discipline or even have a high income to make yourself rich!
What’s better, his plan will only take an hour to initiate!
The Total Money Makeover
Debt management is an extreme stressor for many people all over the world, no matter the financial situation of the individual.
Would you like some simple assistance with this? Look no further than Dave Ramsey’s The Total Money Makeover.
Similar to a regular makeover, Ramsey teaches you how to make your finances more attractive and healthier, and how to rid yourself of those pesky debts.
This personal finance book provides the reader with an authentic, timeless style of budgeting that doesn’t leave you with false ideas of how to ditch your debts or have you following the fads of the twenty-first century.
If you are tired of finding yourself mentally drained over debt or trying techniques of debt management that simply do not work, this book is for you!
Broke Millennial
Are you tired of living paycheck to paycheck, wondering if you’re going to be able to afford the essentials for the week?
Erin Lowry, the author of the finance book Broke Millennial, is here to help you! Lowry has made it her personal mission, as directly stated on her personal site, “to help millennials understand the importance of their financial health”, a message that’s best to learn sooner rather than later.
Broke Millennial is perfect for those wishing to mend their financial health so as to not spend the remainder of their lives worried about managing crippling debts that they just cannot get out of.
The book gives a step-by-step guide on how to go from a low-income, financially struggling individual to one who barely finds the need to consider money!
Debt Free by 30
Are you a young adult, tired of worrying about debts that you simply seem to be making a minimal movement towards being free of?
Do you wish to be rid of this weight by the age of thirty? Well, authors Jason Anthony and Karl Cluck have teamed up to help you do just that!
Debt Free by 30 is a book for those young people wishing to improve their financial health prior to their thirties, so as to be prepared for responsibilities that commonly come with this age group, such as marriage, rent, children, etc.
This book manages to keep the stressful topic of debt light-hearted, flawlessly combining humour and common sense to allow for an easy, enjoyable read that connects with young adults.
It mainly focuses on the categories of finances that become new, and overwhelmingly important, to young adults, such as insurance, credit card debts, and entertainment services.
Retire Before Mom and Dad
No one wants to work forever. Retiring as soon as possible is the idea that keeps most saving the money they might otherwise spend on something fun.
Retire Before Mom and Dad, written by Rob Berger, is a book that focuses on helping you to, well, retire before Mum and Dad!
This book focuses on the FIRE method (Financially Independent, Retire Early), a concept you will have to read to find out more about.
Berger works hard to ensure that readers are aware that you do not have to miss out on all the fun opportunities and expenses to retire early as living while you are young is equally as important as enjoying your retirement.
Retire Before Mom and Dad will teach you a multitude of new information, such as the 5 myths that are keeping you from financial freedom, a comprehensive step-by-step plan to save money while still enjoying life, how to become wealthy on any income, and much more!
I Will Teach You to be Rich
I Will Teach You to be Rich, written by Ramit Sethi, is a book that can help to make you wealthy without taking away the finer things in life.
How many times have you wanted a meal out or a coffee with your loved ones and refrained for saving purposes?
Sethi’s mission is to make you rich while upholding your happiness and quality of life.
This book will teach you how to ditch student debts and loans with shocking speed, set up high-interest bank accounts with zero fees, and inform you of the methods the author, a finance expert, personally uses to direct his income wherever he pleases.
Personal Finance Books – Key Takeaways
Not everyone’s a reader. The idea of reading is simply not appealing to all.
However, what is appealing to all is the idea of a debt-free, wealthy life.
Picking up one of the books on this list can set you on the path to a life of the exact sort.