Achieving financial stability involves a lot of factors, but one thing is for sure: you need to know industry information and sound techniques to pull it off. You’re in luck, because I’m going to share with you some of the best personal finance books that can lead you towards a stable and promising financial future.
What You Need To Look For In Personal Finance Books
There’s a lot of financial tips out there, ranging from conventional cost-saving techniques to modern online business ideas. Finance is a broad-ranging topic, and so you need to know what kind of advice will be helpful to you.
These factors should help you decide which personal finance books will benefit you the most:
Your go-to guys in terms of financial advice should be experts in the field. You don’t want to receive tips from someone who’s just barely scratching the financial success surface, right? Choose finance books written by authors with unquestionable reputation and extensive length of expertise in financial management.
You probably have an idea or two about financial topics that are right up your alley. If you’re interested in investments, look for books about stocks, mutual funds, and bank-related transactions. Meanwhile, people who like to get out of debt may find help in debt management books.
Pick books with outstanding reviews from readers. On top of this, read through the reviews and see if their positive attributes are the things that interest you.
It’s also wise to look for book titles that are available not only in print but also in e-book and audiobook formats. That way, you have different ways of appreciating the book’s content and several ways to enjoy the text.
Best Personal Finance Books
If you’re eager to flip through pages upon pages of rich financial advice, here are the best personal finance books that I recommend:
Rich Dad Poor Dad (Robert Kiyosaki)
Since its release in 1997, Rich Dad Poor Dad has landed in the New York Times bestsellers list for more than 6 years and received heaps of praise from a number of critics. With more than 32 million copies sold, it is regarded as one of the most widely read personal finance books in history.
This inspirational and motivational book emphasizes the importance of financial education and literacy, asset investment for building wealth and being financially independent, and business startup and ownership. What’s unique about this book is that it doesn’t sound like conventional advice, because it’s written as stories.
The Intelligent Investor (Benjamin Graham)
Benjamin Graham’s 1949 publication on value investing has stood the test of time as one of the most sought-after finance books in the industry. The book shares important financial tips related to securities and investment, at times disguised as a story involving a potential business transaction with Mr. Market, a fictitious allegorical figure.
The book has since been revised many times, with 2013 being the most recent one. It has also been released as an audiobook in 2015.
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy (Thomas Stanley and William Danko)
Want to learn the best-kept secrets from the millionaires of America? This book compiles personal and financial profiles of people with net-worths more than 1 million U.S. dollars.
Here’s a sneak peek of the contents of the book: Did you know that most millionaires are living in middle-class communities instead of fancy, white-collar neighborhoods? This may be due to the fact that most of today’s generation of millionaires know what it means to save and invest properly, instead of spending on luxury items that bear no real lasting value.
Investing wisely is one of the many financial values that I regularly highlight at Finance Blog Zone, and this book by Stanley and Danko hit the nail on the head in terms of bringing your money to greater heights.
I Will Teach You To Be Rich by Ramit Sethi
As one of the newest books on this list, I Will Teach You To Be Rich talks about this generation’s perspective on money and investments, especially for working adults. The book contains practical tips and techniques that revolve around saving, budgeting, banking, and investing. Best of all, it teaches personal entrepreneurship for startups and small business owners.
What makes Sethi’s book is that it gives advice without judging the reader. It dishes out extremely useful tips such as managing finances without spending too much time, building a solid financial backbone from $20, and getting started as opposed to being the smartest.
The Total Money Makeover (Dave Ramsey)
Money expert Dave Ramsey shares financial tips in the same way that physical fitness leads to a total makeover. What’s refreshing about The Total Money Makeover is that it doesn’t promise shortcuts to financial success. Rather, it promotes a more grounded and practical approach to some of the most common financial hurdles such as stable finances, debt management, wise spending.
Instead of looking for something or someone to blame for a person’s financial woes, the book bravely points to one particular culprit: the reader.
The Index Card: Why Personal Finance Doesn’t Have to Be Complicated (Harold Pollack and Helaine Olen)
Born literally out of an index card, this ingenious book shares a quick set of tips on how to become successful in terms of personal finance. The book emphasizes one simple fact: handling finances doesn’t need to sound like rocket science – and yes, the list of techniques can fit in a standard index card.
While this book has earned the ire of some financial advice experts – mainly because of its oversimplification of conventional industry techniques – beginners and people who are desperate for simple but effective strategies have found real solutions in this publication.
Reading from these books can definitely help you succeed in terms of financial freedom and stability. However, everything that you’re going to learn from these sources should not remain stagnant in your brain. Aside from knowledge, you need to implement the strategies that you’ve learned, and see yourself reaching the financial goals that you’ve dreamed of.