Knowledge of personal finance is one of the most crucial things that can keep you alive in this ever-priced market. It teaches you to earn, manage, spend, and save the hard-earned money of yours and your family. A person with a proper understanding of personal finance can keep his earnings and expenses quite stable and consistent in an unpredicted market and achieve both short-term and long-term financial goals.
But where does this understanding of personal finance come from? Well, the best source for learning something new has always been the books, for always. In this article, I am going to list the top 11 best personal finance books of all time that can completely change the way you see your money. With these life-changing books, you can have a much more stable financial life than ever.
#1. Clever Girl Finance [Bola Sakunbi]
Till 2020, women were earning only 83% of men at the same position with the same workload according to the reports of statista. It means that for every dollar a man earned for doing a task, a woman only got $0.83. One main reason behind this discrimination is the improper education of women. To support the women’s evolution to empower the ladies out there, Bola Sakunbi, a certified financial education instructor, published his book, Clever Girl Finance. The book focuses on guiding women about earning, keeping an eye on their expenses, budgeting, and saving their money to empower them in this world.
#2. Rich Dad Poor Dad [Robert Kiyosaki]
For me, it has been one of the best personal finance books of all time when it comes to learning the basics of self-finance. Rich Dad Poor Dad is a great book written by the well-known Rober Kiyosaki. The book covers almost every corner of personal wealth and expenses-from earning to saving. Robert has outlined the book into an interesting story of two fathers, one who is well-educated and holds plenty of certification and the other who is a school dropout. The book tells us how the school dropout father died handing a well-established empire to his son while the well-educated handed only debt to his son after his death.
#3. Your Money Or Your Life [Vicki Robin]
We all know the fact that money is not the only thing we want in life. The book portrays a deep light on the point and guides you to achieve real financial freedom in your life. Living frugal increases (not decreases) the quality of life, this is what this book summarizes. Vicki has outlined the book perfectly in nine easy-to-swallow steps that cover everything-from creating wealth to spending it in the right ways. The book has sold more than a million copies sold and is on its way to changing the world’s perspective.
#4. The Millionaire Next Door [Thomas Stanley and William Danko]
If you are looking for something that can guide you to reach those high-class investment strategies, The Millionaire Next Door is surely your next door to success. Published by Thomas Stanley and William Danko, the book puts a bright light on the investment strategies of the best investors in the world. The book cites several examples and teaches you how the most intelligent investors work to create wealth and live frugally in their daily lives. Surely it is one of the best personal finance books of all time you will come across.
#5. The One Page Financial Plan [Carl Richards]
The One Page Financial Plan becomes your best buddy if you are in your initial phases of making investments and managing expenses. The book teaches you to understand your financial values and objectives. Go through the easy-to-swallow steps to prioritize your life goals and achieve them. Richards has written this book in a simple straight language that makes it best for beginners.
#6. You Need A Budget [Jesse Mecham]
No matter how much we earn, if we don’t spend it wisely, we will face a lack of money one day. And that lack of money might make you too afraid to take the next step. This is when this book comes into effect as it teaches you to create a well-stable budget and manage your expenses. The four basic trusted and tried rules help you to turn your burden money into a weapon you can use to achieve great goals in your life.
#7. I Will Teach You To Be Rich [Ramit Sethi]
Ramit Sethi’s book, I Will Teach You To Be Rich, helps you learn money management when you are between the age of 20 to 35. The book supports personal entrepreneurship and teaches you amazing wealth creation lessons from its four foundations- banking, saving, investing, and budgeting. One of the best personal finance books of all time for people looking to learn financial management before they get it collapsed.
#8. The Total Money Makeover [Dave Ramsey]
This book is a bit different from the other typical books as it doesn’t teach you anything. Instead, it provides you with real-life examples of how people followed Dave’s simple tips to achieve their financial goals. The book depicts simple suggestions, motivating aids, and tips to support your desire to be financially free.
#9. Why Didn’t They Teach Me This In The School [Cary Siegel]
Financial management skills do not come to you by birth. It comes from proper learning and education. But the sad part is that we aren’t taught these things in our school or college life. The necessity of wealth management starts from the teenage but we aren’t aware of these things then. This book does what needs to be done and provides you with 99 amazing principles from eighth money lessons that will help you be aware of your financial conditions right from the start.
#10. Think and Grow Rich [Napoleon Hill]
Back in the 1930s, Napoleon Hill interviewed a number of millionaires to understand their road to success and difficulties. In his first interview with steel magnate Andrew Carnegie, he produced one of the best self-wealth books of all time, Think and Grow Rich. The book supports the notion, greed is good, as long as you are willing to share your wealth. The book teaches you how to bring a never-dimming desire of creating wealth in your life and how to achieve it.
#11. The Psychology of Money [Morgan Housel]
This super interesting book tells you about the psychology of money, how your ego, pride, anger, and mood affect your financial decisions. Rather than giving you common tips and ideas for creating wealth, this book provides you with invaluable guidance on controlling your inner emotions to use your money in the right way. The book contains 19 short stories to help you overcome your biases and make better decisions. For me, it is one of the best personal finance books of all time, for sure.
Why Should You Read Personal Finance Books?
Personal finance is one of the most important aspects of our lives. It becomes quite crucial to keep everything well-managed to be prepared for uncertain future emergencies.