Personal finance books will make you rich. The knowledge gained from these books will help you make sound financial decisions. You will get rich over time and have a richer relationship with money. Start small, focus on the long-term, and be consistent with your efforts.
Trillions of dollars have been made because of the recommendations in these books. Millions of people around the world have been impacted by the knowledge shared in these books.
Over the past 70 years, millions of books have been written. You can use your time if you just read one or all of them. You will find something that interests you.
Must-Read Books on Personal Finance
If you just read a few of the books listed below, your future life earnings will likely be hundreds of thousands, if not millions of more dollars higher than if you didn’t. The books have good recommendations. The recommendations can lead to a successful outcome. If you spend 2 hours per book or 8 hours listening to one, you’ll get a huge return on your time.
I try to read at least 4-5 new money books a month. I take notes to make sure I keep as much information as possible. I try to mix it up – reading both new and classic books on saving, wealth building, investing, and real estate investing.
I can read most books in an hour or two, with the first 2 chapters being the most relevant to me.
I listen to audiobooks when I travel and walk the dog. It’s a great way to keep my mind active while I’m on the go. When you aren’t paying attention, audiobooks are incredible. They can help you retain knowledge and make the most of your time. Audiobooks can make you smarter. It is possible to increase knowledge, expand vocabulary and develop critical thinking skills by listening to audiobooks.
About 20% of the time I read the whole book and 2% of the time I can’t put it down.
7 Best Money Personal Finance Books for Millennials
Over the past 5 years, I have read or listened to over 250 books on money, and here are my all-time top 7 books on saving, wealth building, investing, and real estate investing. I recommend these books to anyone who wants to start on the path to financial freedom. They changed my life. These experiences have made me who I am today.
- Financial Freedom: A Proven Path to All The Money You Will Ever Need
- Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence
- The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
- The Only Investment Guide You’ll Ever Need
- The Bogleheads’ Guide to Investing
- The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel
- The Millionaire Real Estate Investor
1. Financial Freedom: A Proven Path to All The Money You Will Ever Need by Grant Sabatier
This is my book. I’m very proud of it. After reading over 400 books on money I wrote
Financial Freedom
A Proven Path to All The Money You Will Ever Need
by Grant Sabatier
2. Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Revised and Updated for the 21st Century by Vicki Robin
This book isn’t just a book with a title. It has valuable information that you won’t find anywhere else. If you read just one book on this list read “Your Money or Your Life” – especially if you have problems saving money. Most of your savings problems are related to your relationship with money. You can improve your relationship with money by making conscious decisions about how you spend it. The book in 9 simple steps shows you how to fix them. You’ll be able to quickly and easily fix computer problems.
It was written by personal finance pioneers Joe and Vicki and has been updated many times over the years. It’s become the go-to resource for people who want to take control of their finances. The opening discussion on how we all put a value on time for money is one of the highlights. We all have the same amount of time, so it’s important to spend it in a way that brings us joy and fulfillment.
The book will show you how to think about money. It will 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 Taking the time to understand the fundamental principles of wealth creation will allow you to develop a comprehensive financial plan that will set you up for long-term success.
3. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas Stanley & William Danko
I first read “The Millionaire Next Door” when I was 12 years old. Seriously. It was on my parent’s bookshelf and when I first started dreaming about becoming a millionaire millennial. It started my fascination with money and personal finance. I realized that I had more control over my finances after I began to track my spending and income.
I was surprised to learn that most millionaires live in modest houses and drive old cars. They prefer to invest their money and are often seen as the most frugal of spenders.
They are millionaires because they saved, invested and lived below their means. You can learn how to build millionaires from this book. You can get a step-by-step guide to implement these habits into your daily life. This book taught me a lot and I recently re-read it and it was even better than I remembered. The author’s wisdom has stood the test of time.
It has a lot of practical tips that you can use immediately and have an impact on your life.
4. The Only Investment Guide You’ll Ever Need by Andrew Tobias
Everyone should read “The Only Investment Guide You’ll Ever Need” – especially anyone in their 20’s or 30’s. This is the only book I have ever done and I read it immediately after finishing it. I couldn’t help but like it so much that I picked it up again. It’s that good.
I felt like I missed half of it when I first read it, so I needed to read it again. I’m going to re-read it to make sure the advice sinks in.
Andrew wrote the only investment guide you will ever need. The guide will help you make smart decisions with your finances. I have given copies of the books to many people who want to know how to make smarter money decisions. I am happy to share my experience with anyone who wants to make better financial decisions.
Although it was written 30 years ago, it is updated every 3 or 4 years to include up-to-date information. The book is still useful for those who want to learn more about the subject. It teaches you everything you need to know about saving, investing, insurance, taxes, how to save money, and many other topics. You’ll be able to make better decisions for yourself and your future if you’re financially prepared.
The author’s ideas are valuable and the advice is practical. Anyone looking to increase their financial literacy can benefit from this book. The book is easy to read because he is so funny, I laughed out loud more than a few times.
5. The Bogleheads’ Guide to Investing by Taylor Larimor, Mel Lindauer, and Michael LeBoeuf
Most investing books are boring, but this one is full of data-based advice. A must-read for any investor looking to take their portfolio to the next level is this book. If you read one book on investing read “The Bogleheads’ Guide to Investing“. Since we are young, we can harvest the gains and power of compound interest.
Jack Bogle was the pioneer of index fund investing. Buying a small piece of every stock in the stock market is the foundation of the Boglehead strategy. This strategy allows investors to benefit from the stock market’s performance.
The stock market almost always goes up over the course of a year. You can get a steady stream of dividends from investing in stocks. Investing in the entire stock market allows your money to grow as the market grows because it is nearly impossible for any individual stock picker to consistently beat the market. It’s a wise decision to invest in the entire stock market because it gives you the chance todiversify your portfolio and reduce risk.
I put a bit of my long-term investment capital into index funds. The most reliable way to grow my wealth is through this strategy. This book explains the power of index funds and makes a compelling case for an investment strategy that is both practical and will make you money over time. It gives advice on how to manage an index fund portfolio so you can get the most out of it.
6. The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
This book is a monster (649 pages), but if you want to invest in individual stocks then you need to read “The Intelligent Investor“. The book that most influenced Warren Buffet and generations of successful value-based stock investors was the best book on stock investing ever written. It has become the go-to resource for beginning and experienced investors alike, providing valuable insight into how to make sound stock market investments.
It’s also an easy-to-read book that pretty much teaches you all of the fundamentals of stock investing. Benjamin Graham’s framework for evaluating the value of any stock helps you decide if you should buy it.
You should plan to invest in the business for a long time when you invest in a stock because you are actually investing in a small piece of the business. It is necessary for you to have a thorough understanding and knowledge of the company before investing in it.
To maximize your chance of earning money, you need to understand the core elements of a business, what they sell, who they compete with, and what they have that gives them a competitive advantage. You have to be aware of the trends in the industry in order to adjust your strategy.
You need to analyze their P/E and look for good values, low P/E ratios, and strong future profit opportunities. When analyzing a stock, it’s important to consider more than just the price of the stock; you need to look at the company’s performance, fundamentals, and potential for future growth. The goal of stock investing is to never lose money, and following Benjamin Graham’s advice will decrease the chance that you will lose money. It is important to research and understand the stock market before investing.
The Intelligent Investor was written in the 1940s and has made me a better individual investor. I use the strategies outlined in The Intelligent Investor to make better investment decisions.
7. The Millionaire Real Estate Investor
Buying my condo four years ago is the best financial decision I have ever made. I’m proud to say that I’m reaping the rewards of my smart financial decision. It has increased over 70% in value and is the biggest driver of net-worth growth. It is clear that investing in this asset has been very profitable for those who have done so. I’m hooked.
There is a lot of money to be made in real estate if you buy good deals, and this book teaches you how to find them. This book has tips and advice on how to maximize your profits from real estate investments. Written by one of the most successful realtors ever (Keller Williams founder Gary Keller), “The Millionaire Real Estate Investor” is an easy read with a ton of great tips for evaluating and buying properties.
This is the best real estate investing book I have ever read. It has given me the confidence to invest in my own real estate. If you want to buy a house, condo, or investment property in the near future, you need to read this book. It is written for new real estate investors and will help them learn how to build and grow a profitable real estate portfolio. The book is packed with useful tips and strategies that you can use immediately to see results.
The author profiles a wide variety of successful real estate investors, from 20-something to 50-year-old single moms, who all started small and built massive wealth from their real estate portfolios. It is inspiring to see that no matter what background you come from, you can achieve success in real estate investing with the right knowledge and determination. The Millionaire Real Estate Investor is a useful book. Readers need to build wealth through real estate investments. It teaches you how to make a lot of money. Real estate is a great way to build wealth and financial security, and with the right knowledge and guidance, you can learn how to maximize your return on investment.
Other Top Personal Finance Books
The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss
If you want to start a business, read this book. Tim Ferriss the author of “The 4 The live anywhere digital nomad lifestyle has been launched by Hour Workweek. The concept of the “four hour workweek” has changed the way people think about work. This is the book that started it all. Millions of people have been inspired by him to live life to the fullest.
It is written for us and will help us live a freer lifestyle. It can give valuable insights to anyone looking to make positive life changes. This is the guide for becoming a 21st-century digital entrepreneur where you make in the automated cloud and he covers many topics. The guide shows you how to use technology, think strategically, and create a successful business in the digital age.
Tim built a more efficient lifestyle so he could run a high-income generating drop ship automated business. He shared strategies he used to maximize productivity and reduce distraction so he could make the most of his working hours. He made millions of dollars and then wrote a book that made him millions more. The book was a huge hit and paved the way for more books from this author. Tim Ferris is a pioneer and you should listen to him.
It has a lot of energy and is a great choice for an audiobook. The story is brought to life by the narrator’s voice. One of the field’s masters will show you how to build an online business. You will learn how to be successful in the online business world.
The Automatic Millionaire by David Bach
In this absolutely groundbreaking finance book, The Automatic Millionaire, A simple strategy can be followed by anyone to automate most of their financial life. You can free up more time and energy by following this strategy. It’s never been easier to use technology to do the heavy lifting with your money, saving you both time and making you more money because you’ll always be investing. By taking control of our finances, we can make sure that our money works for us.
Automatic Millionaire shows you how to put most of your money life on autopilot. You can sit back and watch your wealth grow once you have the system in place. While I personally used and believe that a hybrid automated and manual approach is the best investing strategy, everyone should first set up their “set it and forget it” automated foundation so you can easily save money without thinking about it.
Since the book was released, many 401(k) plans automatically enroll you and make a contribution. It is easier to automate your financial life now than it was when David wrote Automatic Millionaire, thanks to the work of Richard Thaler. It is easier to create a financial plan and achieve financial freedom thanks to this automation.
One of the best personal finance books is Automatic Millionaire. Readers can apply simple and effective strategies to build wealth no matter their income level. It has sold more than 2 million copies.
The Simple Path to Wealth by J.L. Collins
As one of the best FIRE (financial independence retire early) books, the Simple Path to Wealth by J.L. Collins is not going to be disappointed. While this is more of an investing strategy than a complete personal finance book, it fits well when read with Your Money or Your Life. A personal financial plan that can help you reach long-term goals and create wealth over time is provided by this book.
The book is based on J.L.’s stock investing series. Collins wrote a guide to investing that is perfect for readers of all experience levels. Collins only offers index fund investing on his website. He thinks index fund investing is the best way to reach long-term financial goals. But there’s also a no-nonsense breakdown of how to adjust your investing strategy based on where you are in your career, including how to invest when you’re accumulating versus withdrawing money.
He outlines the investing strategy in three distinct phases, focusing on your accumulation phase, growth phase, and deployment phase, which is when you are using the money to live on. It is easier for readers to understand and apply the concepts presented in the book.
If you are looking for a simple and sound investing book then definitely check out The Simple Path to Wealth by J.L. Collins.
I Will Teach You To Be Rich by Ramit Sethi
I The second edition of Will Teach You To Be Rich is the best personal finance book written in the past 10 years. I started using some of his tips to negotiate more money from my clients after reading the book a year into my financial independence journey at the age of 25.
Ramit can largely be described as the “Tim Ferriss of money” and his accessible writing style, as well as simple and actionable tips in I Will teach you how to make more money. The book shows you how to save and invest your money so that you can build wealth over time. There is a limit to how much you can cut back, but not a limit to how much money you can make. Making more money can help offset the need to cut back.
The book helped me shift my mindset from scarcity to abundance. I used to save every single penny and manage every tiny aspect of my money very closely, but Ramit helped me realize that money is the only tool and it is worth spending on what you enjoy and saving on what you don’t. He showed me how to build wealth and create a financial plan that would allow me to live the life I want.
If you really want a Save up and buy one. It’s a good idea to research which model you’d like to purchase and then plan out a budget that will help you save up the necessary funds. Money should be enjoyed, not just saved. You never know when life could be taken away, so we should enjoy it to the fullest. This was a big shift for me and I definitely recommend you check out I Will Teach You To be Rich.
Use These Personal Finance Books to Take Action
In addition to reading these books, you should also
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