Best Personal Finance Books

If you’re in the market for the best personal finance books, then you’ve come to the right place! These books will teach you the basics of financial management so you can save money and reach your goals. Whether you’re a student, parent or worker, these books will help you make smart decisions and improve your financial standing.

The Simple Plan to Wealth: Your Road Map to Financial Independence

The Simple Plan to Wealth is a financial book by JL Collins. It teaches readers how to build wealth, how to avoid debt, and how to avoid paying for financial advisors.

Collins uses personal examples to illustrate his arguments. He warns readers about discomforts and shares his own experiences. As a father figure, he shares his wisdom about money.

The first step to achieving financial independence is to eliminate debt. Debt is a burden that destroys your wealth building potential. If you’re struggling with debt, a simple fix is to spend less than you earn.

Once you’re debt free, you’ll be able to invest more. Investing in index funds, such as the Vanguard Total Stock Market Index Fund, can help your money grow.

Millionaire Next Door by Fritz Gilbert

The Millionaire Next Door is a must read for anyone on the prowl for wealth. The book was a tad trite at times, but the author’s personal take on his own life made it an enjoyable and insightful read. Whether or not you have plans to retire anytime soon, you can improve your financial karma with these tried and true tips.

One of the best parts of this book is the small print. You will learn that most business owners do not make a whole lot of money, and in many cases, are not making the most of their efforts. Likewise, most of the richest Americans aren’t rich by your standard metrics. In fact, only about one in four Americans are actually millionaires, and many of them aren’t even living on Park Avenue. Fortunately, this doesn’t mean you have to wait until you’re an octogenarian to be a billionaire.

Make Your Kid a Money Genius by Beth Kobliner

If you want to get your kid on the right track financially, make sure you check out Make Your Kid a Money Genius by Beth Kobliner. This book will give you the lowdown on everything from how to save, to how to get out of debt. Plus, there’s also anecdotes and statistics that will be fun to share with your kids.

The book is well-written and easy to read, so you’ll never be bored. Plus, the best part is that it will make your kid’s financial future a lot brighter. In addition, you’ll find that many of the tips in the book have been tried and true.

The Opposite of Spoiled by Beth Kobliner

The Opposite of Spoiled by Beth Kobliner is a tidbit of trivia that can be learned from the subheading. In fact, the book is a veritable trove of practical and whimsical ideas that will make your life a little less mundane. The best part is that these ideas are scalable. For instance, you don’t have to be a king of the castle to try them out. If you have kids in tow, there’s no reason they can’t start their own money-management system, and you don’t have to be the financial arbiter of the clan to get in on the act.

Specifically, the book lays out a logical framework for incorporating the most important family activities into your life. The book provides a step-by-step blueprint for making your kids happy and your wallet sag at the same time.

You Need a Budget by Dr. Dave Ramsey

If you’ve ever wished you could control your finances, but don’t know where to start, You Need a Budget may be for you. It’s a program that’s helped thousands of people get out of debt and set up a budget that works for them.

The idea behind You Need a Budget is to break the paycheck-to-paycheck cycle. For this to work, you have to break down your expenses into categories, and then create a budget to cover them. Once you’ve done this, you’ll have a plan of action that you can follow and make adjustments to as needed.

By utilizing the budgeting method, you’ll be able to track every single transaction and see how your money is spent. In this way, you’ll be able to eliminate impulse purchases and spend your money more carefully.