Welcome to our curated list of the best personal finance books!

In a world where financial well-being is more important than ever, we’ve carefully evaluated numerous personal finance books to provide a selection that caters to different financial situations and reader preferences.

To compile this list, we considered various perspectives on personal finance, including philosophical, behavioral, and practical approaches.

Reading personal finance books is essential for gaining insights into better financial planning and management, equipping you with the knowledge and tools you need to thrive in today’s complex financial landscape.

So, without further ado, let’s dive into our top picks and discover how these books can help transform your financial life!

1. Rich Dad Poor Dad by Robert Kiyosaki

the rich dad poor dad bookcover

Rich Dad Poor Dad by Robert Kiyosaki is a New York Times Best Seller first published in 1997. It has been among the most popular personal finance books ever, selling over 40 million copies worldwide.

The book tells the story of Robert Kiyosaki and his two dads—his birth father (poor dad) and his best friend’s father (rich dad) — and how their different approaches to money shaped Robert’s life.

The book advocates for financial literacy and provides readers with advice on how to build wealth through investing, real estate, and business building.

Rich Dad Poor Dad emphasizes the importance of understanding money and how it works to achieve financial success.

Why everyone should read it

I appreciate its straightforward approach to personal finance and its capacity to simplify complex concepts. But sometimes, it oversimplifies topics like taxes, which can be challenging for some readers to comprehend without extra research or guidance.

Overall, Rich Dad Poor Dad is an informative read that provides valuable insight into personal finance.

It is a classic resource for anyone wanting to better understand money management and investing principles.

2. The Wealth Choice by Dennis Kimbro

the wealth choice bookcover

The Wealth Choice by Dennis Kimbro is a bestselling personal finance book that provides readers with key insights into the success of black millionaires.

Through interviews with prominent African American millionaires, Kimbro offers sound and surprising advice about climbing the ladder of wealth and achieving financial success.

The book also includes true stories and lessons on wealth and opportunity.

A unique perspective on personal finance

The Wealth Choice deserves praise for its practical advice and inspirational stories.

The book presents seven distinct principles of building wealth and is a guide to help readers create the life they deserve.

I believe The Wealth Choice is an inspiring read that offers valuable insight into the secrets of successful African American millionaires.

3. Master the Game by Tony Robbins

master the game bookcover

Tony Robbins’ book provides invaluable advice on creating a lifetime income plan based on extensive research and interviews with over 50 of the world’s most legendary financial experts, including Carl Icahn and Warren Buffett.

Robbins walks readers through seven simple steps to help them become financially independent.

He covers topics such as investing in stocks and bonds, understanding risk and diversification, creating a portfolio that works for you, and much more.

With his unique insights into human nature, Robbins gives readers the tools to make smart financial decisions and achieve their goals.

A read from the master

Many popular figures in the finance world have praised the book.

Warren Buffett said it was “a great read,” while Carl Icahn called it “an invaluable resource.”

The book certainly lives up to its hype, and I agree with others who describe it as providing invaluable advice.

Tony Robbins’ Master the Game is a must-read for anyone on their personal finance journey. I like its comprehensive approach to personal finance and easy-to-follow steps.

4. The Barefoot Investor by Scott Pape

barefoot investor bookcover

The Barefoot Investor by Scott Pape is a comprehensive guide to financial freedom. It provides step-by-step instructions on managing your finances, from setting up bank accounts and savings schemes to giving back to charities.

It also covers topics such as pocket money, chores around the house, and more.

The book has sold over 2 million copies since its publication and has been reviewed and updated for the 2022 financial year.

A well-deserved success

I believe The Barefoot Investor has received well-deserved positive feedback because of its easy-to-understand language and practical advice, like the 3-bucket financial system, that can be applied in daily life.

Also, I find it helpful for gaining control over my finances and making smarter money decisions. The book has been inspiring to me, motivating me to take charge of my financial future.

The author’s integrity, caring approach, and practical advice explain why this book has become popular among readers

5. The Total Money Makeover by Dave Ramsey

total money bookcover

The Total Money Makeover by Dave Ramsey is a best-selling personal finance book that gives readers a simple seven “baby steps” plan to get to the heart of their money problems.

The plan helps readers identify and address their financial issues, such as debt, budgeting, and saving.

It also provides practical advice on building up your money muscles and living your financial life like no one else.

Real-world advice

The book is worth reading because of its straightforward approach to tackling complex financial concepts and issues and providing practical advice on becoming financially free.

I have found the book’s step-by-step approach helpful in understanding my finances and making better decisions about my money.

I also appreciate that the book is engaging, easy to read and understand, making it accessible to anyone, regardless of their experience with personal finance. It offers a comprehensive overview of many personal finance topics.

I believe that with its simple yet effective strategies, this book can help anyone get on track toward achieving their financial goals.

6. I Will Teach You To Be Rich By Ramit Sethi

i will teach you to be reach bookcover

I Will Teach You To Be Rich by Ramit Sethi is a comprehensive personal finance and wealth-building guide.

It provides step-by-step instructions on creating a personalized system for financial success, from reframing your mindset to setting up bank accounts and investing.

The book also covers using credit cards, budgeting, and saving money.

Practical steps to put into action

I like the book for its logical approach. It’s extremely practical as it is structured with a six-week program where readers take step-by-step actions each week.

I consider it one of the best personal finance books on the market, as I find it easy to follow and understand.

It can help gain control of finances and build wealth in the long run.

Overall, I believe I Will Teach You To Be Rich is an excellent resource for anyone looking to improve their own financial life.

7. Your Money Or Your Life By Vicki Robin & Joe Dominguez

your money your life bookcover

Your Money or Your Life, written by Vicki Robin and Joe Dominguez, is an international best-seller that provides readers with a nine-step approach to transforming their relationship with money.

The book encourages readers to take control of their finances and lifestyle by lowering personal expenses and achieving financial independence.

It provides practical advice based on experience, from budgeting and getting out of debt to organizing your finances from a total net worth perspective.

How do you relate to money?

The book has been praised for its comprehensive approach to financial management, providing readers with the tools they need to make better decisions about their money.

It’s interesting how it also offers insight into how our relationship with money can affect our overall well-being and happiness.

I highly recommend this book to anyone seeking a comprehensive guide to managing their finances more effectively and understanding money better.

It’s full of practical advice and tips on living a more sustainable lifestyle that will help you achieve financial freedom in the long run.

8. The Millionaire Next Door By Thomas J Stanley & William D Danko

the millionaire next door book cover

The Millionaire Next Door by Thomas J. Stanley and William D. Danko is a book that examines the traits and routines of wealthy people.

It explains that most millionaires are self-made, not necessarily inheritors of wealth.

The authors identify seven common traits among those who have accumulated wealth: living below their means, allocating time, money, and energy efficiently, cultivating frugality, maintaining a large net worth to income ratio, staying informed about financial markets, engaging in entrepreneurial activity, and having strong family values.

How millionaires did it

In my opinion, this book is an invaluable resource for anyone looking to build wealth.

It provides practical advice on becoming financially independent and offers insight into the mindsets of successful people.

The authors provide numerous examples from their (20 years-long) research to illustrate the characteristics of wealthy and successful people and what it takes to be like them.

I highly recommend this book to anyone interested in the missing wealth-building piece.

9. Stacked: Your Super Serious Guide To Modern Money By Chris Hutchins & Derek Sall

Stacked bookcover

Stacked: Your Super Serious Guide To Modern Money by Chris Hutchins and Derek Sall is a comprehensive guide to modern money management.

It covers budgeting, saving, investing, debt reduction, and more. The book provides step-by-step instructions on how to make the most of your money in today’s world.

It also offers advice on how to build wealth and achieve financial freedom.

A fun but serious resource

It’s always nice when a book includes real-world examples of successful money management strategies people from all walks of life use in an engaging and humorous tone.

I highly recommend Stacked for anyone looking to DIY investing solutions and advice on hiring a financial advisor.

Whether you’re just starting or have some experience managing your finances, this book will fit your needs.

10. Meet the Frugalwoods: Achieving Financial Independence Through Simple Living

meet the frugalwoods bookcover

Elizabeth Willard Thames, better known as Mrs. Frugalwoods, is the creator of the award-winning personal finance blog, Frugalwoods.com, and is the author of Meet the Frugalwoods.

It tells how the couple achieved financial independence at age thirty-two, deviating from conventional norms.

The narrative highlights Elizabeth’s decision to leave a successful city career and wholeheartedly embrace their frugal lifestyle.

Inside, there are valuable insights into the couple’s strategies for adopting a frugal lifestyle, ultimately fostering a more fulfilling and purpose-driven life.

Lifestyle advice

The book contains real-life examples from Mrs. Frugalwoods’ journey to financial independence.

Even if the book does not offer a step-by-step guide to financial independence, it provides readers with invaluable lessons gleaned from the couple’s experiences.

I highly recommend this book to anyone seeking inspiration in achieving financial freedom.

11. The Tao Of Charlie Munger By David Clark

tao of charlie munger bookcover

The Tao of Charlie Munger by David Clark is an insightful compilation of quotes from Berkshire Hathaway’s Vice Chairman on life, business, and the pursuit of wealth.

The book provides readers with a unique perspective on how to approach life and business to achieve success. It includes commentary from David Clark, which adds further depth to the topics discussed.

The book covers investing, decision-making, risk management, and more. It is a great resource for anyone seeking insight into finance and investing.

How to approach wealth

This book is a must-read for anyone interested in investing and financial decision-making. It provides valuable insights into finance that can be applied in everyday life.

The quotes included in the book are inspiring and thought-provoking. Additionally, it offers advice on approaching various aspects of life and business.

This book is an excellent resource for those seeking wisdom!

12. The Intelligent Investor By Benjamin Graham

intelligent investor bookcover

The Intelligent Investor by Benjamin Graham is a classic book on investing that has existed since 1949 and is still relevant today.

It lays out the foundation for value investing: selecting stocks based on their intrinsic value rather than market price.

The book provides readers with an in-depth look at how to analyze stocks and make smart long-term investments. It also offers practical advice and insights that are still updated today.

A classic for investing

The Intelligent Investor is a must-read for anyone serious about becoming financially independent.

It is an invaluable resource for anyone interested in finance and stock investing.

Benjamin Graham’s writing style is clear, concise, and easy to understand, making it accessible to all types of investors.

I highly recommend this great classic to anyone looking to learn more about finance and become a successful investor.

13. Think And Grow Rich By Napoleon Hill

think and grow rich bookcover

Think and Grow Rich by Napoleon Hill is a timeless classic that has been inspiring generations of readers since it was first published in 1937.

This inspirational book provides readers with the power of positive thinking and how it can be used to create a successful life. It also emphasizes the importance of setting goals, taking action, and having faith in yourself.

In Think and Grow Rich, Napoleon Hill outlines his famous six-step formula for converting desire into financial success.

He explains how to develop a burning desire for success, create a plan of action, develop self-discipline, use creative visualization to attract what you want, and take consistent action toward your goals.

He also discusses the importance of developing strong relationships with others who can help you reach your goals.

The psychology of success

The book is an invaluable guide for success and is one of the most influential books ever written on personal development.

However, it doesn’t offer practical advice to achieve success, and its use of primarily outdated examples, leads to concerns about its relevance in the modern context.

Besides this, it is still a great read today.

14. Women & Money By Suze Orman

woment and money bookcover

Women & Money by Suze Orman is a groundbreaking book investigating women’s complicated and dysfunctional relationship with money.

With her signature mix of insight, humor, and practical advice, Orman helps readers understand the power of money and how to take control of their personal finances.

The book provides valuable advice on how to make smart money decisions, respect your finances, and get rich slowly.

It also covers topics such as saving for retirement, paying for a college education, and understanding financial tips from experts.

A unique perspective worth checking out

This book offers an easy-to-read approach to personal finance that everyone, not women only, should read and implement.

Its unique perspective would be incredibly helpful to anyone seeking to break through barriers preventing them from maximizing the potential of their earnings.

I also appreciate Orman’s humor and practical advice throughout the book, making it enjoyable to read.

Overall, Women & Money by Suze Orman is an excellent resource worth checking out if you’re looking for a comprehensive personal finance guide.

15. Broke Millennial Takes On Investing By Erin Lowry

broke millenial bookcover

Broke Millennial Takes On Investing by Erin Lowry is an excellent book for those looking to start investing.

It provides an easy-to-understand introduction to the basics of investing, with topics ranging from understanding the stock market and different types of investments to creating a budget and setting financial goals.

The book also includes real-life examples and advice from experts in the field, making it a great resource for anyone interested in investing.

Start here

I highly recommend this book to anyone looking to start investing or wanting to learn more about the subject.

The author’s writing style is engaging and entertaining, making it an enjoyable read, even for those who may not have much experience with investing.

Broke Millennial Takes On Investing is an excellent resource for those looking to start investing or brush up on their knowledge of the subject, as it provides clear explanations of key concepts and offers practical advice that can be applied to many situations.

Expand Your Financial Horizons

Personal finance is vast and complex, with numerous perspectives and strategies to explore.

Reading more than one book on the topic allows you to gain multiple viewpoints and deepen your understanding of this crucial aspect of life.

I encourage you to select a few titles from our list and add them to your reading queue.

After diving into these books, please share your experiences and opinions in the comments section below – we’d love to hear what you’ve learned and how these books have influenced your financial journey.

Happy reading!

FAQs

What are the five basics of personal finance?

The five basics of personal finance include:

  1. Income: You earn money from your job, business, or investments. Understanding your income is the first step in managing your finances.

  2. Spending: Includes all your expenses, from necessities like rent and groceries to discretionary spending on things like entertainment and travel. It’s essential to track your spending to understand where your money is going.

  3. Saving: This is the portion of your income you set aside for future use. Saving can help you build an emergency fund, save for big purchases, or have a financial cushion.

  4. Investing: This involves using your money to buy assets that can potentially increase in value over time, such as stocks, bonds, or real estate. Investing can help you grow your wealth and achieve long-term financial goals.

  5. Protection: This involves using insurance and other financial tools to protect your financial stability against unexpected events, such as illness, accidents, or loss of income.

What should I read to get into finance?

If you’re starting to learn about finance, here are a few books that can provide a solid foundation:

  1. “Rich Dad Poor Dad” by Robert Kiyosaki: This book offers valuable insights into money management and the importance of financial education.

  2. “The Total Money Makeover” by Dave Ramsey: This book provides a practical guide to personal finance, focusing on debt reduction and saving.

  3. “The Intelligent Investor” by Benjamin Graham: While this book focuses more on investing, it’s a classic in the finance world and can provide a good understanding of financial markets.

How can I learn more about personal finance?

There are many resources available to learn more about personal finance. In addition to reading books, you can:

  1. Take online courses: Websites like Coursera and Khan Academy offer free courses on personal finance.

  2. Listen to podcasts: Podcasts like “The Dave Ramsey Show” and “Planet Money” can provide valuable insights into money management.

  3. Read blogs and websites: Many blogs and websites are dedicated to personal finance, such as Confidence Temple.

  4. Use financial apps: Apps like Mint and others can help you track your spending and budgeting, providing a hands-on way to learn about personal finance.

Is it easy to learn personal finance?

Learning personal finance is a journey; like any journey, it can have challenges. However, it’s achievable with the right resources and a willingness to learn.

Personal finance is a practical subject that relates to everyday life, making it easier for many people to understand.

Reading books on personal finance, taking courses, and using financial apps can all make the process easier and more engaging. Everyone starts from somewhere, and it’s never too late to learn about personal finance.