Best Personal Finance Books Of All Time
My definitive guide to the best personal finance books that can help us all manage our money a little better.
I love to read, I always have done and seeing as I have a personal finance blog it made sense to get out there and read some of the best personal finance books available.
I have been reading since an early age when I used to read fantasy books by Ian Livingstone which came with dice and you decided where in the book’s journey you would go next.
A lot of my early memories were of these books, So much so I still have a couple of them now.
My love of reading then took me on to the horror genre and Stephen King and James Herbert. These books only increased my love to read and I used to read for an hour before going to bed to help me sleep. Although after Stephen Kings books this was sometimes difficult.
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When I started writing this blog a couple of years ago now it didnt even occur to me to incorporate my love of reading into a post. But that changed when I was browsing through my kindle one evening and saw on their promotions page a personal finance book.
I read a snippet and was fascinated so decided to buy this personal finance book on the spot right there and then and that book was called Rich Dad Poor Dad. It was listed up there as one of the best books in personal finance so I thought it needed looking into.
Out of all the personal finance books I have read I have found the ones that have helped me the most have been budgeting books. Budgeting books have given me a great insight into how to manage my money better.
1: Rich Dad Poor Dad
This is one of the oldest books in this list and was originally written in 1997 so you can expect some of the writing to be a little dated but all the principles still apply to this day.
The version I read was the 20th-anniversary edition which was released in 2017 and has been updated by the author on the different things we have seen over the last 20 years in relation to money and investing etc.
The main feature of this financial book features around Robert growing up with his poor father and his father’s friend who was rich and the different contrasts between the two men and what he learnt from both men as he turned from child to adult.
I found it fascinating and there are some great insights in this book although it hasn’t got the greatest reviews I believe a lot of this is down to the fact that some of the stories need to be taken with a pinch of salt.
Remember the reason you are reading the book is because of the principles more than the stories. Although this financial book has received a few bad ratings I would still suggest you read it.
Is it one of the best personal finance books of all time? I wouldn’t rate it as so but it is still a great personal finance book and one that should be on your list.
2: The Millionaire Next Door
In my list of the best personal finance books of all time, this was the second personal finance book I ever read. Written by Thomas J Stanley and William D Danko this is a very simple book to read.
The main ideas are easy to follow and can also lead to that light bulb moment of “Why haven’t I been doing this all along”
The book is quite Americanised but as a Uk reader try not to let this put you off. The good thing is the book reaffirms the point that most millionaires are not making money on Youtube or Instagram influencers. Thank god.
Overall the book has some great guidelines that can be used in everyday life to improve your finances and money management.
3: Secrets Of Six Figure Women
Now although this financial book wouldn’t ordinarily of been on the top of my list It is still in the list for best personal finance books to read for me as it contains real facts which always keeps me hooked.
The Author Barbara Stanny has gone out and interviewed lots of high powered women in various job roles and noted down a lot of the characteristics they bring to the table.
She has then compiled all of these characteristics into this book to find out what they all had in common and how these traits powered them into positions that enable them to be top earners in their field.
Although this book doesn’t apply to me directly as a male it is still a very fascinating read and is the perfect finance book for women looking for some empowerment and motivation.
4: Why Didnt They Teach Me This In School
This is in my list of best personal finance books because as far as I can remember and im sure it is still the same, Finance and how to manage money is not really taught in the UK schools curriculum.
Judging by some of the reviews I have seen of this book it isnt really taught to any kind of level in other countries either.
The book written by Cary Siegel is a list of 99 personal money management principles to live by. Some of these you will know but some you won’t. It is a great example of one of the budgeting books I love to read as simple budgeting can be overlooked by so many.
This book is the type of book to enhance my love of reading as it just gets to straight to the point with no messing about. It is easy to read and has lots of valuable information for everyone.
Some will say that some of the principles are too simple and would just require common sense, however, I feel that common sense seems to be a bit lacking in the current time. This kind of book should be read in schools in my humble opinion.
5: I Will Teach You To Be Rich
I will teach you to be rich is in the list of best personal finance books because the author Ramit Sethi manages to help people master their money management to a point whereby they can make it earn for them.
He talks about crushing debt and loans to easy to follow investment tips that can help grow any savings you might have.
He will teach you how to save better and how to make the most of out of your bank accounts and more importantly what you have in them.
It is an easy to read and follow book with no technical jargon that isnt fully explained in an easy fashion. This is the 6-week program your finances could very well need.
6: The Total Money Makeover
This book by Dave Ramsey is called the total money makeover and is the perfect money management book with tips on how to save money and how to invest any spare money you have along with how to crush debt and student loans.
Dave Ramsey could easily have more than one book in the best personal finance books list but this is the one I chose. He combines money management in this budgeting book with simple investments but it will go a long way in securing your financial future.
Although the book is primarily designed for a US audience it has all the principles that still work in the UK and Europe.
The book is filled with people who have tried his principles and the success stories that go with that. This does fill the book out somewhat but if there are some great money tips within.
7: The Investment Answer
The investment answer written by Gordon Murray and Daniel Goldie is a very short but interesting read and dive into investing for beginners.
My knowledge of investing is more than the average person but still not what I would call even full basic knowledge of investing so a book like this was a great eye-opening read for me.
This personal finance book provides us, the readers with the knowledge to make 5 key decisions when it comes to investment.
The book manages to teach you the fundamentals and steers you clear of any get rich quick nonsense while providing you with those 5 key facts.
Great for people with no clue as to how to start investing and is aimed at the younger generation.
8: The Money Book For The Young
The money book for the young, fabulous and Broke by Suze Orman is usually in the lists of best personal finance books mainly due to the fact that it is aimed at young people who have loans and debts and no idea how to manage their money at all.
It is another book that is aimed at people living in the US but a lot of the simple principles can be applied by people living outside the US.
It is straight-talking, no nonsense, direct advice for those people that have maxed out credit cards and no money management skills to get out of debt and stay out of debt and make their money work for them.
One of the easiest to read and understand financial help books for people lacking in the knowledge to help themselves.
9: Secrets Of The Millionaire Mind
Secrets of the millionaire mind By T. Harv. Eker is a good look at what makes rich people rich in terms of their behaviour and upbringing and how poor people can unknowingly teach poor financial mindsets into their children so that they also end up living on the breadline.
It is a fascinating look at the psyche of the human mind when it comes to money.
While the book would lead you to believe that anybody can become a millionaire if they have the right mindset, I’m not sure that is possible however the book does lay down some great practices that can really help you with your money management.