Looking for the best personal finance book to help you manage your finances, achieve wealth, and pay debts? Experts’ personal experience and advice will inspire you in handling your finances. We have compiled some of the best books for you in this article!
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1. “Think and Grow Rich” by Napoleon Hill
This inspirational book, written in 1937, contains the results of various interviews with millionaires and philanthropists. It focuses on the mindset behind getting rich such as having the desire and persistence to do so.
2. “I Will Teach You to Be Rich” by Ramit Sethi
This book talks about how to deal with common money pitfalls. It helps readers plan, strategize with their money and set up systems to build wealth.
3. “The Millionaire Next Door” by Thomas J. Stanley and William D. Danko
The authors of this book found out what wealthy US citizens have in common through thorough research. Some factors include: living below their means, saving money monthly, spending less than they make, and others.
4. “A Random Walk Down Wall Street” by Burton G. Malkiel
Malkiel, a long-time financial investor, discusses the importance of investing, investors' common mistakes, and how to avoid them.
5. “Rich Dad Poor Dad” by Robert Kiyosaki
One of the most admired and popular personal finance books of all time that has been in the market for more than two decades. This book shares what Kiyosaki learned from his father (the poor dad) and his friend's father (the rich dad.) According to him, a dropout who spends less than his earning is brighter than a professor who cannot make ends meet.
6. “Your Money or Your Life” by Joe Dominguez and Vicki Robin
This book, first published in 1992, helps readers determine what money means to them. It teaches how to reach financial independence and learn how much is enough.
7. “Total Money Makeover” by Dave Ramsey
Ramsey offers solid advice and discusses how to get out of debt, avoid buying on credit, build an emergency fund, etc.
8. “How Much Money Do I Need to Retire” by Todd Tresidder
Tresidder explains the most important questions before retirement and how to estimate return from investments, among others. He also reveals how traditional retirement plans fail.
9. “Financial Freedom” by Grant Sabatier
Sabatier shares his strategies on how he became a millionaire in just five years from a broke 24-year-old.
10. “The Psychology of Money” by Morgan Housel
The author discusses how a financial plan can be worthless without action or execution. He also explains the real ways people do with their money and helps readers manage their finances.
We can learn many lessons from the books of financial experts, and there are many more books out there. If you are ready to make new financial moves, it is best to learn from the experts.
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