Personal finance books offer some of the best tools for reaching financial independence and stability. If you’ve tried every other tactic to try and pay off your debt, manage your finances, and stick to a budget, but still find yourself struggling to stay afloat, then maybe you can try taking a different approach. Authors who write personal finance books typically offer a ton of personal advice from their own experiences struggling with finances and keeping on top of their payments. They take their own real life scenarios and allow you to relate to them on a level that differs from every other strategy out there. These are the top nine personal finance books to help you achieve that life of financial independence.
The Total Money Makeover – Dave Ramsey
This is one of the best books to help you get rid of your debt – for good. Ramsey is extremely versed in the financial world, with over 20 years of financial teaching, which he uses to help counsel you in The Total Money Makeover. One of the best parts about this book is that it uses real-life scenarios from 50 people. It’s personable, easy to read, and informational. Ramsey gives seven steps to help you pull yourself and your family out of debt. He’ll also let you know about the 10 most dangerous money myths, so you can relearn how to handle your finances and start from scratch.
Broke Millennial: Stop Scraping By and Get Your Financial Life Together – Erin Lowry
This is great for you millennials who are drowning in student loans and other expenses like rent, mortgage payments, car payments, and grocery expenses. You’ll get a well-rounded insight about life as a millennial and advice on topics such as moving back home, saving money for retirement, and how to start investing in your 20s and 30s. The tone is casual and relatable, so it feels less like a lecture and more like advice from a friend.
Rich Dad Poor Dad – Robert T. Kiyosaki
This inspirational book will motivate you to take charge of your financial life, right now. Kiyosaki gives you insight about stepping out of the conventional way of handling your finances into a more courageous approach that’s proven to work. The author filed for bankruptcy in 2012 and managed to pull himself out. His relatable life story might just captivate you and will help you take control and live the financial life you deserve.
AgeProof: Living Longer Without Running Out of Money or Breaking a Hip – Jean Chatzky
Just because you want to get yourself financially stable, doesn’t mean your health should suffer. If you’re living a healthier, more lucrative life, then you’ll have more energy and ability to help stabilize yourself financially. Chatzky touches upon the ways that health and wealth are linked. If you can adjust your behavior in one area of your life like health, then you can adjust your behavior in the other area, wealth. She mentions that your habits between how you handle your health and wealth are interrelated. The book give steps and actions you can take in order to get yourself back on your feet and living a life of financial stability.
Why Didn’t They Teach Me This in School? 99 Personal Money Management Principles to Live By – Cary Siegel
This is a great book to pick up for you college graduates! The author of this book wrote this to pass along to his five children when they graduated. It’s easy to read and very personable, especially for young adults. The principals he brings up in this book are all from personal experiences navigating his finances throughout the years. You can see exactly what he did and how he did it, so you can apply it to your own financial life.
The Book on Making Money – Steve Oliverez
Oliverez skipped college and created a financial life of his own. He worked low paying jobs until he finally decided he wanted to double his income every single year. He was successful in doing so for seven years in a row and shares exactly what he did and how he did it. He goes against traditional wisdom of having to go to school to get a degree, and instead insists on changing your lifestyle by spending as little as possible and even saving coupons.
Principles: Life and Work – Ray Dalio
Dalio shares his personal life experiences and combines it with practical lessons which you can use in your every day financial life. His focus is mainly on investing and how you can use certain decisions and approaches to build a strong team in your financial institution. His novel ideas and approaches will help you broaden your horizons and make decisions you never thought you would before.
Financial Freedom with Real Estate Investing: The Blueprint To Quitting Your Job With Real Estate – Even Without Experience Or Cash – Michael Blank
Blank explains how you can live a life of financial freedom by tapping into real estate investing. He claims that you don’t need to have a lot of experience or cash in order to get started. He shares all of the secrets to becoming an apartment building investor, like ways to raise money for your first deal, get your offer accepted even without proof of funds, analyze deals, make offers, and find the best deals out there.
How Much Money Do I Need to Retire? – Todd R. Tresidder
If you’re looking to retire soon, then you have to pick up this book before you take the leap. Tresidder claims that many approaches will cause you misery from running out of money. He talks about the five assumptions that destroy your financial security, how to reduce the amount of money you need by $600,000, strategies to maximize your spending, and how you can calculate the exact amount of money you need to retire when you’re older.
Whether you’re a millennial fresh out of college or someone who’s middle age and looking to retire, you’ll benefit from picking up several of these personal finance books. Authors who share their personal stories and steps to gain financial independence are some of the best people to take financial advice from. These personable books will help you achieve a life of financial freedom that you deserve.