Personal Finance Books You Don’t Want to Miss
Personal finance books can be a great way to teach yourself about better ways to handle your money, open your eyes about your finances, and even help gauge what’s important to you.
But not all personal finance books are helpful. Some might have great concepts, but they’re so boring you can barely keep your eyes open to read them. If you can’t convince yourself to read it, you’ll never learn anything.
If you’re looking for a personal finance book that manages to be entertaining and informative, we’ve got you covered. Here are our favorites.
The Automatic Millionaire by David Bach
My copy of this book is almost worn out because I’ve read it so much. It’s easy to follow along with, breaking down finances in the most understandable way possible.
David Bach outlines the simple steps you can take to become a millionaire with very little effort on your part. You’ll set up some automatic accounts and then forget about them as you become richer and richer year after year.
Bach will help you find painless ways to cut enough corners that saving enough money to invest will become a piece of cake.
How to Retire Happy, Wild, and Free by Ernie J. Zelinski
If you’ve never bought into that much-touted figure about how you need at least a million dollars to retire well, this is the book that will back you up in that conviction.
This book is more about teaching you how to live well on the money you’ve set aside. It also isn’t one of those finance books that tells you to put off retirement so you can maximize your social security earnings. It encourages you to pursue early retirement if that is what makes you happy.
The Total Money Makeover by Dave Ramsey
Dave Ramsey has arguably become one of the most popular personal finance gurus on the planet.
His books have helped many Americans dig themselves out of the financial holes they’ve created for themselves. If you have a serious debt load you want to tackle, this is the book you should be reading.
He doesn’t sugarcoat anything, so if you’re looking for a book that’s going to make you feel good about your past money mistakes and overspending, this isn’t it. But if you stick with the program, you’ll start paying off your debt.
Your Money or Your Life
This book is the ultimate testament to frugal living and all its perks. It is more about pursuing happiness than financial status symbols. What good does that fancy sports car really do for you if you feel like a piece of your soul is dying each time you head to work in the morning.
The main idea of this book is that every purchase you make is costing you your time. You had to put in the time to earn the money to buy that item. Because of that, you need to make sure it’s really worth it in the long run.
You’re trading your life minute by minute for your purchases and that’s a powerful message this book conveys beautifully.