Introduction
Take a leap into the world of personal finance with these must-reads 20 Best Personal Finance Books. These insights will teach you how to handle your money, invest well, and get rich. Dave Ramsey’s The Total Money Makeover follows a step-by-step approach to getting out of debt and building wealth. At the same time, Vicki Robin and Joe Dominguez offer detailed advice on how changing your mind about money can change your life in Your Money or your Life.
Financial education Robert T. Kiyosaki, with Rich Dad Poor Dad, defies traditional thinking. If you want to take a timeless approach toward building wealth, in George S. Clason’s The Richest Man in Babylon financial principles are imparted through ancient parables. For experienced investors and newbies alike, Burton G. Malkiel’s “A Random Walk Down Wall Street” provides useful guidance about getting different investment procedures right–and all at a reasonable price. These Best Personal Finance Books, from traditional classics like The Millionaire Next Door to modern guides such as Ramit Sethi’s I Will Teach You To Be Rich have all been written with practical advice for any journey toward financial health.
List of 20 Best Personal Finance Books
Certainly! Here is a list of 20 highly regarded personal finance books that cover a range of topics, from budgeting and saving to investing and wealth-building:
The Total Money Makeover
Intro- A practical guide to getting out of debt and building wealth.
Written By- Dave Ramsey.
Rating In Amazon- 4.7/5 (27,943 Ratings)
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Review In Amazon- The steps/suggestions given here are like the panacea for the middle – class all over the world. Just like an effective medicine, the steps are bitter to swallow but as one starts to follow them, he will realize the results are going to be a Life changing phenomenon.
Your Money or Your Life
Intro- Focuses on transforming your relationship with money & achieving financial freedom.
Written By- Vicki Robin and Joe Dominguez
Rating In Amazon- 4.4/5 (5,218 Ratings)
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Review In Amazon- This book isn’t the regular personal finance book with a step-by-step guide to riches approach. Rather it deals largely with the subconscious and psychological aspects of money and how people view it, and then provides a nine-step program. Most of the program talks about these psychological aspects and translates them into specific tools. More than investing advice, it has advice on how to spur savings and let go of material desires to reach financial security.
It belabors the point a bit too much at times, perhaps targeted at a younger, millennial audience. For someone who has a stable approach to money or is on his way to financial independence, it may not provide too much insight. Overall a decent one-time read.
Rich Dad Poor Dad
Intro- A classic that challenges conventional wisdom about money and investing.
Written By- Robert T. Kiyosaki
Rating In Amazon- 4.5/5 (26,824 Ratings)
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Review In Amazon- This book puts into your brain the importance of financial literacy. We crib saying if not now then when?
It talks about the mindset.
In simple words I will tell you the impact the book has created on me:-
Before reading this book I wanted to buy a luxury car on loan from my salary, and in fact by the time I had half-read the book I had started buying assets and cash flow that support my pay for the car.
The Millionaire Next Door
Intro- Examines the habits and characteristics of millionaires to provide insights on building wealth.
Written By- Thomas J. Stanley and William D. Danko
Rating In Amazon- 4.4/5 (4,986 Ratings)
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Review In Amazon- Surprising research on “middle class” looking millionaires. The book delves into lifestyles of ordinary-looking self-employed millionaires and gives specific advice, eg, ” Great Offense and poor defense translate into under accumulation of wealth ” and goes on to explain how a high consumption lifestyle leads to a ” rich looking” non-wealthy life. The data presented to substantiate the research gets a tad boring sometimes but it is still it is very useful advice. Read it to find out the “boring” albeit sure-shot way to wealth!!
The Richest Man in Babylon
Intro- Offers timeless financial principles through parables set in ancient Babylon.
Written By- George S. Clason
Rating In Amazon- 4.5/5 (11,086 Ratings)
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Review In Amazon- The book is simple and has clear and powerful inputs on managing money. Considering that there is no formal education provided to children on managing money, which everyone has to necessarily do anyway.
The book is very strongly recommended for all teenagers.
A Random Walk Down Wall Street
Intro- A comprehensive guide to investing, covering various strategies and market trends.
Written By- Burton G. Malkiel
Rating In Amazon- 4.6/5 (3,785 Ratings)
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Review In Amazon- The book takes you on a journey to Wall Street and market investing. On your journey, you will experience the do’s and don’ts of investing. It gives a glimpse of history and tries to prove the points using data.
If I summarize the advice from this book then I should say: Invest your core in Index funds and the amount of investment is personal and dependent on the point where you can eat well and sleep well.
Another maxim I liked was – You only get poor quicker, Becoming rich takes time. Worth reading 👍
The Bogleheads’ Guide to Investing
Intro- Based on the investment philosophy of John C. Bogle, the founder of Vanguard Group.
Written By- Taylor Larimore, Mel Lindauer, and Michael LeBoeuf
Rating In Amazon- 4.7/5 (2,619 Ratings)
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Review In Amazon- Great book. I bought this book for my friend because it’s so informative. Basically breaks down investing in simple concepts backed by historical and statistical data. After I read the book, I started investing almost immediately afterward. This is one of the books that I would recommend anyone interested in the stock market to read first. The book made me feel much more comfortable and secure in investing in the stock market.
I Will Teach You to Be Rich
Intro- Practical advice on automating your finances, saving, and investing.
Written By- Ramit Sethi
Rating In Amazon- 4.2/5 (4,046 Ratings)
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Review In Amazon- I bought the first edition to see what it says about managing finance in 2008 time. This book is simple and crisp to the point. Not much technical jargon like other books and clearly shows how to achieve more with what you’ve. I’m impressed with this book and will give it a shot for the next one. Thanks and All the best Ramiti 👍🏻
The Little Book of Common Sense Investing
Intro- Advocates for a simple, low-cost approach to investing in index funds.
Written By- John C. Bogle
Rating In Amazon- 4.6/5 (9,628Ratings)
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Review In Amazon- Easy to read, reminds again the fact that investment is like health, you can not get results if you see yourself in the mirror every day, understand it, make a plan, and stick to it.
I heard an interview with Jack Bogle and decided to buy this book, Its midnight and i read 3 chapters of choice, making my logical mind to reaffirm key principles of investment
The Automatic Millionaire
Intro- Focuses on making financial success automatic through smart systems.
Written By- David Bach
Rating In Amazon- 4.6/5 (3,125 Ratings)
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Review In Amazon- This book is wonderful. It gives you good insights into financial management. You can follow the simple and elegant way of the automatic process of wealth accumulation. You will come to know your Lotte factor. It reveals the benefits of quick repayment of mortgage loans. It advocates of essential charity factor that culminates the process of wealth creation. Good book.
Smart Women Finish Rich
Intro- Tailored financial advice for women, emphasizing wealth-building strategies.
Written By- David Bach
Rating In Amazon- 4.7/5 (1,607 Ratings)
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Review In Amazon- This is the book I read 20 years ago when I was 20 years old that got me to start investing. Such a great book, I definitely wouldn’t have started investing early without this book! Highly recommend especially if you’re young and looking to build wealth. I just wish I listened even more to the book over the past 20 years and I’d be even further ahead!
The 4-Hour Workweek
Intro- Explores lifestyle design and achieving financial freedom through entrepreneurship.
Written By- Timothy Ferriss
Rating In Amazon- 4.4/5 (24,990 Ratings)
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Review In Amazon- I recommend it to those like me who want to live life and see the world but due to family and insecurity of job can’t imagine traveling exotic locations it’s not hallucinating advice it works in real life. The demerit that I have faced is that it is a little overwhelming to navigate through the ebook version of this book.
Tip: Note the tools mentioned in this.
Your Score: An Insider’s Secrets to Understanding, Controlling, and Protecting Your Credit Score
Intro- A guide to understanding and improving your credit score.
Written By- Anthony Davenport
Rating In Amazon- 4.6/5 (334 Ratings)
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Review In Amazon- Anthony with Matt have written an incredibly valuable book focusing on a complex and challenging topic. Finances especially credit scores and major purchases are unbelievably stressful and intimidating. Your Score is not only an insightful book but also a friendly and dare I say entertaining book. My favorite chapters were 4, Gaming the System, and Chapter 5 The Five Biggest Mistakes and How to Avoid Them. Both provided instant ideas on what I can do better to protect myself and increase my credit score resulting in my family reaching our financial goals. THANK YOU for writing this book Anthony!!
The Simple Path to Wealth
Intro- A straightforward guide to financial independence through investing in low-cost index funds.
Written By- J.L. Collins
Rating In Amazon- 4.7/5 (12,167 Ratings)
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Review In Amazon- I didn’t learn anything radically new from this book. Still, it was nice to get a new perspective from someone’s experience. For those who are confused about the many investment options, how to build their wealth etc., this book is a great first step. It’s short, so quick to read, and easy to digest. A couple of good next books are Morgan Housel’s Psychology of Money, as well as Jack Bogle’s Common Sense on Mutual Funds.
The Millionaire Mind
Intro- Explores the mindset and habits of millionaires to uncover patterns of success.
Written By- Thomas J. Stanley
Rating In Amazon- 4.7/5 (1,427 Ratings)
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Review In Amazon- I found this book fantastic. Thomas Stanley has done a huge amount of background research in his writing, and the information in the book is backed up by solid evidence from his findings.
This is one of the first ever books that I read on being a successful Entrepreneur, and I would recommend it to anybody with similar dreams!
The Index Card: Why Personal Finance Doesn’t Have to Be Complicated
Intro- Condenses financial advice onto a single index card, simplifying personal finance.
Written By- Helaine Olen and Harold Pollack
Rating In Amazon- 4.5/5 (942 Ratings)
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Review In Amazon- If you are looking for something you can wrap, to go with that other paper gift that all new graduates appreciate, this book is a thoughtful choice. I’ve given the book three times this year to various young adults who are just getting started, and hopefully, they’ll avoid the financial mistakes I made at a similar age. It does all fit on an index card.
Broke Millennial: Stop Scraping By and Get Your Financial Life Together
Intro- Geared towards millennials, offering practical advice on budgeting and investing.
Written By- Erin Lowry
Rating In Amazon- 4.6/5 (1,684 Ratings)
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Review In Amazon- It is very well written, and easy to read except for some mentions I believe about modern life, which I did not find in the dictionary. I read it slowly as I wanted to remember the main points of the book. Great book!!!
You Are a Badass at Making Money
Intro- Blends personal development and financial advice to help readers overcome money blocks.
Written By- Jen Sincero
Rating In Amazon- 4.6/5 (7,959 Ratings)
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Review In Amazon- I loved the book. Made me open my heart and self more than ever to get control of fear and go grab those opportunities. Our limiting beliefs around money, our perspective around the money topic, I got refreshed by how we can leap by following what Jen laid down the facts and actions. I love this book and I may reread it after some time. It’s such an inspiring book.
The Wealthy Barber
Intro- Presents financial advice through the story of a small-town barber.
Written By- David Chilton
Rating In Amazon- 4./5 (852 Ratings)
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Review In Amazon- I quite like a book that combines learning with a story. It made a nice change. It explained everything very clearly and kept me interested to the end. One of the best books I have read for practical ideas that absolutely anyone could put in place immediately to help them on the road to a better financial future.
Women & Money: Owning the Power to Control Your Destiny
Intro- Tailored financial advice for women, covering topics like investing and retirement planning.
Written By- Suze Orman
Rating In Amazon- 4.6/5 (1,403 Ratings)
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Review In Amazon- Nicely written …much appreciation, keep up the good work !! I am glad when a woman writes such an empowering book for women …with so much heart and feeling the pain for the lack of information in women’s world about financial problems, great awakening for women who are sleepwalking in poverty in the name of sacrifice for others !!
Remember that personal finance is a dynamic field, so it’s a good idea to supplement book knowledge with ongoing learning and staying informed about the latest trends and strategies.
Bottomline:-
To sum up, these personal finance books provide a rich and complete guide to making your financial life the best that it can be. These reads on everything from debt reduction to investing range widely, but always with practical advice and timeless principles. Books such as Your Money or Your Life contain powerful advice that can change the way you see money, along with others like The Little Book of Common Sense Investing which provide investment wisdom. The bottom line is clear: Take control of your destiny, create good financial habits, and make well-informed choices. Understanding these important writers’ ideas will help you to face confidently the thicket of personal finance, create wealth, and move toward a safer tomorrow.
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