Below is a list of the best personal finance books I’ve ever read. These stand out from the crowd as the most helpful in teaching readers how to invest, how to become wealthy, and how to stay wealthy. The lessons in this book motivate the reader to live a life of freedom. Enjoy!
Rich Dad Poor Dad
Probably one of the most popular personal finance books ever. Rich Dad Poor Dad teaches you about the rat race we are all trained to be apart of since childhood. This is thought provoking experience from beginning to end and is a great read for anyone.
This book originally came out in 1997 and each concept is still applicable today. This book describes the difference between the millionaires and billionaires such as Warren Buffet, The Kardashians, and Jeff Bezos to the average w-2 Joe.
Rich Dad, Poor Dad dives into the money mindset differences and leaves the reader feeling like a light bulb just went off. It opens the mind to a world of possibilities.
The Millionaire Next Door
The author performed one of the most comprehensive studies on millionaires living in the United States. What he finds is fascinating. There is a huge difference between making money and keeping money.
The reader learns the concepts of what makes a AAW (Average Accumulator of Wealth), a PAW (Prestigious Accumulator of Wealth) and a UAW (Under Accumulator of Wealth).
There are numerous case studies describing how millionaires manage their money and grow their wealth (they live below their means).
This is definately one of best personal finance books out there.
Quit Like a Millionaire
The author, Kristy Shen, describes how she went from living in abject poverty to becoming the youngest person in Canada to retire, at the ripe old age of 31. This is a fun book that the everyday person can relate to. Her journey to financial independence is motivating and inspiring. She discusses specific investment classes, how to set-up an investment portfolio, and how to reduce tax liability. Website > Millenial Revolution
The Richest Man in Babylon
This book is unique in that it takes you back in time – way back. The reader is transported back 4,000 years ago to ancient Babylon, a flourishing society with tremendous wealth. The author shows the reader how to create wealth and keep it from the perspective of an financially savvy man teaching a younger gentleman starting from scratch.
Set for Life
Scott Trench from BiggerPockets wrote this book for the average person making about $50,000 per year with little to know savings but with a drive to become financially free.
I highly recommend checking this novel out if you are starting from scratch or even in debt. There are three phases of financial wellness. The author describes each one and lets you know when its time to move onto each phase.
You can feel Mr. Trench’s enthusiasm in the words he writes.
The Simple Path to Wealth
If you don’t know what the heck your doing when it comes to investing, JL Collins has your back. This book shows you how to become financially free. This is not a get-rich-quick scheme, this is a proven, long-term strategy that the author uses himself. This was a fabulous read is one of the best personal finance books out there. Website > JL Collins