Personal finance books teach you how to manage money to reach your goals in life and are necessary if you want to improve your financial literacy. Here are a few of my favorites, among many.
Not all the books listed below are personal finance books. But all of them are important because they provide important values that shape money decisions, or insight on how to change financial habits.
Knowledge by itself is useless unless you do something about it.
I love that this book hits on important values – the “rocks” – we need to have in place before getting into things like saving, spending and budgeting.
The “Good Life” is not about having the money to buy stuff. It’s about finding contentment, “blooming where you are”, clearing away excess, setting important goals and creating lasting relationships. Read more...
Understand the “habit loop” and create financial habits to reach your money goals. Not a money book directly, but invaluable because you will learn the secret to changing your habits and making them stick.
You’ll be able to apply this knowledge to any area of your life needing change. Read more...
Highly recommended reading for parents who want to increase their child’s financial IQ. I guarantee you won’t find this financial education information in schools.
Lots of great ideas for parents on making financial concepts fun for kids, working with different personalities and learning styles.
I often see this book listed among the best of personal finance books with good reason. It’s got tonnes of brilliant common sense nuggets on the importance of mindset and achieving goals.
These are vital when getting into financial shape, performing your best and following through with your ideas in business, work and life. Among all things, your attitude determines your success. Read more...
Concise and effective. The main idea of this book is that small, but smart changes in your life habits leads to mounting changes in the future.
Success is not something you pursue. It is something that follows from the person that you become.
In my opinion, one of the most powerful finance books you’ll ever read. This one is most definitely a life changer.
Many peoples’ lives are out of balance. Not necessarily because of a lack of money, but because they’re unable to do what they love or feel trapped in a job they hate.
This book helps you determine where you’d most like to spend your time and how to get there but still earn enough money along the way.
A great financial planning book that shows you that you can put your financial habits on autopilot without needing to learn anything about investing.
David Bach also coined the widely known term “Latte Factor”, which shows you what spending money on things you don’t need (in this case a latte) will cost you in retirement dollars.
This book compiles research from 1300 interviews with millionaires and presents its findings and presents fascinating insight into their success.
The book strips down habits of ordinary everyday millionaires and shows you what they have in common. From what they were like in school, to how they got wealthy in one generation and how they found their ideal vocations, you'll find out more about the importance of entrepreneurship and owning a business.
If you’re more entrepreneurial and have a less conservative approach to money, you’ll enjoy this book.
Contrary to many great personal finance books that stress the importance of growth over long-term, DeMarco believes in fast-tracking to wealth through building your own businesses.
He recounts his own story, starting out in low-paying jobs and eventually moving on to become a millionaire, and shares the avenues on how you too can get into the “fastlane”.
No must-read list of personal finance books would be complete without the Total Money Makeover.
A super conservative approach to money management, if you follow Dave Ramsey’s steps to financial freedom, you should have a decent financial future for yourself.
If you have trouble with spending, saving, and budgeting, and are finding yourself in debt, this book should be your bible. All you have to do is follow the steps.
With clear steps that are attainable and uncomplicated, easy-to-read text and lots of inspiring success stories, you’ll be well on your path to financial security.
This is by no means an exhaustive list of the greatest personal finance books. However, they’ll get you off to a great start!