Personal Finance is one of the most essential skills to master if you want to become rich. Earning money is the first step to achieve financial freedom but the real success lies in how well you manage your money. While Peronal Finance is a very broad topic, sometimes all you need is a little money and little time. One of the best ways is to learn through reading personal finance books and this article provides you the best books that have been useful for millions.
Money Management can be learned the hard way like our ancestors did but not us. Today, we have so many resources to learn and master personal finance. Be it books or courses that you are intending to learn, unless you act on the principles in them, nothing is going to change.
If you want your personal financial health to improve, you must first consider two things:
- Improve your physical health
- Develop a rich mindset
In this article, you will see the best personal finance books that you should read right now and up your money management game.
A NY Times bestseller, this book has clear, concise and actionable steps which can put you on the path of financial success. This book aka 6-week personal finance program is mainly 20 to 35-year-olds, who are often ambitious yet clueless about their financial health and future.
A completely practical approach delivered with a nonjudgmental style that makes readers want to do what Sethi says, it is based on the four pillars of personal finance- banking,saving, budgeting, and investing.
One of the lessons that I applied from this book was when I trying to purchase a car and had to negotiate in a way that I get the best deal for it. This book also focuses on the wealth-building ideas of personal entrepreneurship.
This book is specifically written for Americans who struggle to make it on a monthly basis and paycheck to paycheck. What I personally liked about this book is that it provides a realistic, no-nonsense, no-BS approach to modern economy. It also shows you a clear path on how to achieve financial success starting with nothing in a very gripping way.
The author has taken a very different approach on managing money with this book. Instead of focusing on wealth creation, this book focuses on managing the resources that you currently have and how to make the most out of them. If you’re an American and who is living from paycheck to paycheck but want to achieve financial success, then this book is for you.
Get your copy of How to Manage Your Money When You Don’t Have Any today!
You can also listen to the audiobook on Audible for free!
I am a big fan of the author of this book and talk-show host, Dave Ramsey. You can also watch or listen to The Dave Ramsey Show anytime, anywhere. He is also America’s favorite finance coach. In this book, Ramsey lays out a clear and actionable plan that is sure to work for almost everyone.
By now, you’ve heard all the nutty get-rich-quick schemes, the fiscal diet fads that leave you with a lot of kooky ideas but not a penny in your pocket. With The Total Money Makeover: Classic Edition, you’ll be able to:
- Design a sure-fire plan for paying off all debt—meaning cars, houses, everything
- Recognise the 10 most dangerous money myths (these will kill you)
- Secure a big, fat nest egg for emergencies and retirement!
If you’re tired of the lies and sick of the false promises, take a look at this—it’s the simplest, most straightforward game plan for completely making over your money habits. And it’s based on results, not pie-in-the-sky fantasies.
Get your copy of The Total Money Makeover today!
You can also check out other books by Dave Ramsey:
- The Total Money Makeover Workbook
- Dave Ramsey’s Complete Guide to Money: The Handbook of Financial Peace University
The Compound Effect book is entirely based on the simple concept – your decisions shape your destiny. Little everyday decisions that you take now will effect you in the long run and will either make you or break you. These small things can lead you to the luxurious life of your dreams if you are consistent in your efforts. The little things that you do right now might seem nothing or ridiculous to others, remember it’s your life and it’s your journey. Not theirs.
This books presents a clean, practical, easy-to-use and step-by-step system which you can use it in your life to get better not just with finances but in other departments as well. If you’re serious about your life and want to make it large, then The Compound Effect is a must read.
Get your copy of The Compound Effect today!
You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something.
Almost no list of personal finance books goes without this masterpiece. Knowing the difference between an asset and liability can work wonders for your financial health, and Robert Kiyosaki has explained it better than anyone. It still remains as a bestseller despite the changing market trends and practices. This is truly a must and should read for anyone who wants to live a financially healthy life.
This book proves that you need not have advanced degrees to become rich. All it takes is to know the basics and improve upon them consistently.
MoneyWolf Tip : You can also get the Cashflow 101 Board Game which have helped many people all over the world to escape rat-race
Written by Napolean Hill during the era of great depression, this is a timeless classic. Hill has interviewed top 500 richest people and put this masterpiece into clear, concise and actionable steps that are sure to work for everyone. It teaches you to acquire not just money, but anything in life with his 13 steps.
One of the important lessons that can be learnt from Think and Grow Rich is “there is nothing like something for nothing!“
If you want to achieve anything from confidence to positive mindset to money to fame, then you should read this book and it delivers its promises.
Get your copy of Think and Grow Rich now!
If you are a recent graduate or fall in that age range, then this book is for you. The book was originally written to teach the Personal Money Management principles to his five children who entered adulthood. Having found success with it, the author decided to put it into public. This book gives you 99 personal money management principles to live by and increase your financial health.
Usually, the books on personal finance tend to be lengthy and complicated. This book is divided into 8 important lessons focusing on 99 principles that will quickly and memorably enhance any individual’s money management acumen. The principles are not from a text book. Rather, they are practical principles learned by the author as he navigated through his financial life. Many are unorthodox in order to be memorable and provoke deeper thought by the reader.
Not only an excellent graduation gift for high school and college students but also a great read for any adult!
Get your copy of Why They Didn’t Teach Me This In School today!
You can listen to the audio book on Audible while you commute!
The author Farnoosh, who is twenty something shows you how to live rich even when you’re not. This book will show you how to satisfy your sophisticated tastes and preferences despite your current financial situation.
The author tries to tell us that it all boils down to our priorities and what you want the most. From sensible grocery shopping to cyber-banking, empower yourself to live a guilt-free, Gucci- and gadget-clad good life without sacrificing financial security. If you’re someone with high quality tastes and preferences and want to have all the luxuries in life, then this book is for you.
Get your copy of You’re So Money today!
One of the most practical guides that you can get on personal finance is Debt-Free by 30. This books only teaches you how to manage your money but also advises on finding various ways to make money, so that you can clear the debt early. You can also learn about health insurance, credit, financing your home, car and other expenditures with least risk.
This book also focuses on how to stay on your game irrespective of your peers and avoid unnecessary pressure on yourself. Personally, I found the book Debt-Free by 30 very familiar as I see many recent graduates who are wandering not knowing where to go and what to do except for a corporate job.
And the above reason is one of the prime motivations behind starting MoneyWolf blog and helping people achieve financial freedom by providing multiple options of earning money and live the luxurious life of your dreams.
If you are under 30 and have debts of any sort or zero savings of your own , then you should grab this book today!
Get your copy of Debt-Free by 30 today!
A masterpiece from the NY Times bestselling author Suze, this guide gives you advice on
– Credit card debt
– Student loans
– Credit scores
– The first real job
– Buying a first home
– Insurance facts: auto, home, renters, health
– Financial issues of the self-employed
And much more advice that fits the realities of “Generation Broke.”
The book is written in a clear and practical way that makes sense to the current generation. I don’t think there is any other book in the market written as simply, clearly and practically for the current generation to handle personal finance.
Get your copy of The Money Book for the Young, Fabulous and Broke today!
Some of the other books that are worth reading to improve your Personal Financial Health are:
- Personal Finance in your 20’s for Dummies
- Get a Financial Life
- The Behaviour Gap
- The Automatic Millionaire
- Women and Money
- 7 Money Rules for Life
- The Money Saving Mom’s Budget
- Rich Bitch: A Simple 12-Step Plan for Getting Your Financial Health Together
- Money Master the Game
- How to Think like Benjamin Graham and Invest like Warren Buffett
Now that you have the list of books to read and improve your financial situation, go ahead and grab any of these best personal finance books, achieve financial freedom and live the luxurious life of your dreams.
What do you think of the list of book? Did I miss out on any? Do you have any personal favourites or any book that has improved your financial health? Leave your comments below as it helps me and fellow readers to grow!
If you need help to achieve financial freedom or have any doubts, feel free to contact me or let me know in the comments below!
To your Financial Success,