Personal finance is important and with the right books, you can manage your money flow better. All you need to learn is personal finance basics. Some of these include why paying yourself first pays off or how to manage your debt. Once you read these personal finance books, it will help you become smarter and more confident with how you deal with money. These books may not be light reading but trust me, your wallet and investment portfolio will thank you later.
Here are our picks on the top personal finance books
“I Will Teach You To Be Rich”, by Ramit Sethi
The famous author is known for his personal finance books, Ramit Sethi shapes a six-week plan for people to live out of their “rich life” and later define them. The key things that you will study in “I Will Teach You To Be Rich” are how to use credit cards and marginalised rewards, opening a prolific saving account to earn high-interest rates, and even automation of accounts to save with no effort each month. This is also an easy-to-read book. Remember that with the help of this highly actionable book you will go from reading to returns in no time!
Key points in this New York Times Bestseller
- Making a plan
- Preparing & Strategising your money
- Setting up various systems to build and grow wealth
Recommended Read: Best budget app for your finances
“The Simple Path To Wealth: Your Road Map To Financial Independence And A Rich, Free Life”. By JL Collins
This extraordinary book was initially first written in the form of a letter series that the author writes to his daughter. Later on, when published, you can see that the book has no shortage of actionable and accessible advice on investing throughout the book. The book is very well written where there is a light and casual tone in some parts of the book whereas the other complicated details are very critically explained. It is the highest rated personal finance book with an average rating of 4.8 stars and Amazon reviews of 4,850. It is one of the best personal finance books you will ever read.
Key points in this top-rated book are:
- A book for Investors
- People who wish to retire early
Check Out: Finance your final semester in College
“Retire Before Mom And Dad”, by Rob Berger | Personal Finance Books
The book tells you about the simple number behind a lifetime of financial freedom. The book helps you with the FIRE (Financially Independent and Retire Early) movement. That is why it is great for anybody who is considering retirement through this plan. It is a quintessential primer on the fundamentals of getting started on this journey. The book also throws light on financial independence along with retirement attainable; even if you choose not to retire early.
Key points of the Book
- Best for people who wish to retire early
- Best for people who wish to build wealth
We’ll help plan your finances for education. Contact us by filling the form on this page!
“Women & Money”, by Suze Orman
On our list to read the best personal finance books; Women & Money is a well-detailed book that talks about the subject lightly. This book is written by the world-famous author, Suze Orman who gives honest, frank, and well-detailed advice to women. Especially females who earn, invest, and save. Other miscellaneous pointers include retirement, marriage, and more. This book is a great resource for a 20-year-old woman as it is for a 60-year-old woman. It is good for anyone wanting to dive in and learn more about personal finance.
Recommended Read: Top 5 ways to finance your studies abroad
“Spend Well, Live Rich: How To Get What You Want With The Money You Have”, by Michelle Singletary
If you wish to read a book that is written with personal experience then this is a great read for you. The very talented author Michelle Singletary talks about her life with her grandmother. She raised five children (including Michelle) on a tight modest salary. Here the author takes the principles of her grandmother on how she managed her finances with five children with what she had at that time. An inspirational read on making the most of the money you have. Undoubtedly, one of the best personal finance books to read.
Key takeaways from this book
- Budgeting
- Inspiration
- Personal Finance Beginners
Check out: Finance podcasts for college students
“Broke Millennial”, by Erin Lowry | Personal Finance Books
A favourite amongst millennials is none other than “Broke Millennials” by Erin Lowry. Its a simple and relatable language that touches upon the unique challenges of young adults makes it stand out. From living with your folks in their 20s to dealing with student loan debt, followed by the overlap of debts and finances with friendships. Although it is not a great fit for the older population, it is great for young readers to get an overview for the first time.
Key takeaways from this book
- Personal Finance Beginners
- Millennials
- Young Professionals
We hope you read these best finance personal books that are mentioned above. These books will help you massively with your money and growth as a financial individual. Good luck!
If you liked reading this blog on “The Best Personal Finance Books For 2021” then make sure you check out our other related blogs linked below!
- The best smartwatch for college students – 2021
- Highest paid jobs in Canada – Popular courses and opportunities
- Top high paying business careers for extroverts
Recent Posts