Whether you are at the top of the personal finance game and have everything in order, or you are at the bottom of the money barrel, it’s never a bad idea to learn more. Keeping your brain focused on money matters is part of winning with your finances. What better way to do that than to read books on the subject? Here are some personal finance books that everyone should read this year:
The Total Money Makeover by Dave Ramsey
An oldie but a goodie. This book is described as, “the simplest, most straightforward game plan for completely making over your money habits. And it’s based on results, not pie-in-the-sky fantasies. With The Total Money Makeover you’ll be able to: design a sure-fire plan for paying off all debt—meaning cars, houses, everything; recognize the 10 most dangerous money myths (these will kill you); and secure a big, fat nest egg for emergencies and retirement!”
Dave Ramsey is famous for his stance on debt. So this book is perfect for those of you who are in debt and itching to get out quickly.
Why Didn’t They Teach Me This in School? by Cary Siegel
Originally written by the author to pass on money advice to his five children, this book includes, “eight important lessons focusing on 99 principles that will quickly and memorably enhance any individual’s money management acumen. Unlike many of the personal money management books out there, this book is a quick, easily digested read that focuses more on the qualitative side than the quantitative side of personal money management. The principles are not from a textbook. Rather, they are practical principles learned by the author as he navigated through his financial life. Many are unorthodox in order to be memorable and provoke deeper thought by the reader.”
If you are fresh out of college or a 20-something just starting out on your own, this book would be a perfect introduction into personal finance.
The Millionaire Next Door by Thomas J. Stanley Ph.D.
Not every millionaire lives in a world of glamour and excess. In fact, you probably know more millionaires than you would think–and they live just like you. This book explores the personal finance habits of the truly wealthy and how their different behaviors with money contribute to their vast wealth.
This book is great if you want some advice on money habits that will help you build wealth in the long run.
Your Money or Your Life by Vicki Robin
Updated for 2018 this book is described as, “a book that covers modern topics like investing in index funds, managing revenue streams like side hustles and freelancing, tracking your finances online, and having difficult conversations about money. Whether you’re just beginning your financial life or heading towards retirement, this book will show you how to: get out of debt and develop savings, save money through mindfulness and good habits rather than strict budgeting, declutter your life and live well for less, invest your savings and begin creating wealth, and save the planet while saving money.”
This book is great for anyone looking to learn more about how to manage your finances–whether you want to retire early, get out of debt or just learn about better money management.
So there you have it–four books that will put you in the right money mindset. Reading about personal finance will not only teach you things you may not have known, but it will give you a renewed motivation to keep going in the right direction with your finances.
*All book descriptions were taken from amazon.com.