Books are a great source of wisdom. To prepare yourself for the practical world, you first need to learn things theoretically. Great books often broaden your perspectives and strengthen your decision-making skills. When it comes to handling money and investing wisely, the right kinds of books can guide you.
In this blog, we will talk about the best finance books you cannot miss out on, especially if you are new to money management. You must read these personal finance books if you wish to sharpen your financial literacy. From saving to investing and budgeting to building wealth, these books cover everything you would look for.
So, here’s the list of the best personal finance books.
1. Rich Dad Poor Dad
Author Name: Robert T. Kiyosaki and Sharon L. Lechter
Release Date: 1997
Best For: Beginners who want to understand the basics of money and wealth building.
One of the most popular and best books for financial literacy is Rich Dad Poor Dad. This book tells the story of two dads. One is the author’s real father, who is poor, and another is his friend’s rich father. It presents how the definition of money is different for both men. Through their stories, you learn why financial education is important and why saving alone is not enough. You learn how to make money work for you through smart investing and business ideas.
2. I Will Teach You To Be Rich
Author Name: Ramit Sethi
Release Date: 2009 (Updated in 2019)
Best For: Young adults and beginners looking for a fun guide to managing money.
Another great among personal finance books! “I Will Teach You To Be Rich” is like a personal money coach. With the help of the book, you get a 6-week plan that covers how to open the right bank accounts, use credit cards wisely, save automatically, invest early and spend guilt-free. As the language is simple and fun, you understand everything in simple steps.
3. The Millionaire Next Door
Author Name: Thomas J. Stanley and William D. Danko
Release Date: 1996
Best For: Those who wish to build long-term wealth by living simple lives.
One of the top sellers in the list of “best personal finance books”, The Millionaire Next Door talks about how most real and self-made millionaires spend their days. With the book, you learn their habits and understand how they live simple lives, from driving normal cars to avoiding fancy gadgets and spending carefully. It proves that wealth comes from smart spending and not showing off.
4. The Psychology Of Money
Author Name: Morgan Housel
Release Date: 2020
Best For: Those who want to understand how their mindset affects their financial decisions.
One of the latest in the collection to look at! The Psychology of Money, with its 19 short stories, explains that making money is not just about numbers. These stories focus on telling how people perceive greed, fear and patience in their daily lives. These stories show how people generally think and behave.
5. Broke Millennial
Author Name: Erin Lowry
Release Date: 2017
Best For: Millennials and Gen Z who are just starting to learn about money management.
A Broke Millennial is a must-read and one of the best finance books for beginners and young adults. If you are clueless and do not understand how to manage your money, this is your book for the weekend. It is specifically those young people who feel lost when it comes to money. With the help of the book, you would be able to understand various concepts, including banking, credit scores, student loans and budgeting in a fun way.
Also Read: Best Finance Influencers in India6. Your Money or Your Life
Author Name: Vicki Robin and Joe Dominguez
Release Date: 1992 (Revised and Updated in 2018)
Best For: Those who wish to simplify their lifestyle and take control of their money and time.
How about a revisit to your thoughts on money? This book tells you exactly to rethink the way you look at money. Read it and gain financial independence. The book teaches you how to spend money only on things that really matter, so you can live a peaceful and meaningful life. Do not simply trade your life for money. Think, analyse and spend!
7. Think And Grow Rich
Author Name: Napoleon Hill
Release Date: 1937
Best For: Those who want to build the right mindset for any kind of success.
As the name suggests, the book provides you with the wisdom of thinking and growing. This is one of the most famous self-help books and shows how thinking positively and having clear goals can lead to success, whether it is financial, social or family. Though the book is quite old, it is still relevant with its old principles.
8. Retire Before Mom and Dad
Author Name: Rob Berger
Release Date: 2019
Best For: Young professionals who wish to reach financial independence early.
With this book, Rob tells you how you can retire early in your life. It shows that you do not have to be a millionaire to reach your happy, peaceful days early. Read the book and learn strategies on saving more, smart investing and reducing expenses without sacrificing happiness.
9. The Intelligent Investor
Author Name: Benjamin Graham
Release Date: 1949
Best For: Those who wish to have a deep understanding of stock markets and value investing.
With this book, Benjamin Graham, often considered the father of value investing, who is also the mentor of Warren Buffett, helps people understand how to analyse stocks, reduce their risks, and invest with a long-term mindset. It is a must-read, detailed classic for anyone serious about investing.
10. Let’s Talk Money
Author Name: Monika Halan
Release Date: 2018
Best For: Beginners who want to set up the right money system for their lifestyle.
One of the absolute best for Indian readers! This brilliant piece on finance explains how to handle your salary, insurance, mutual funds and taxes in a very practical way. In the book, you would not find heavy jargon to deal with.
Also Read: Best Financial Advisors in IndiaConclusion
So, if you are really looking forward to getting serious and improving your financial life, this is the list of the best finance books you can start with. You can also explore more on the CASHe blogs section if you are seeking the best personal finance blogs.
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