Making money can be difficult and often there are conflicting directions on how best to do so. These five below books are written by proven finance experts. Learning how to make money has never been easier with the help of these books.
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1. Best Book For Personal Finance : Rich Dad Poor Dad
The best book for personal finance is Rich Dad Poor Dad. This book is the best personal finance book especially for people new to the subject. Rich Dad Poor Dad is also one of the best selling personal finance books ever. Written by Robert T. Kiyosaki, Robert dives into the myths surrounding what it means to be rich, as well as teaching the reader how they can ensure their financial success.
Robert discusses how the traditional school system teaches kids that they need to work for money rather then having money work for them. He teaches the reader how to have your money work for you. This is a critical thing to learn if you want to master your personal finance and secure financial freedom for the long term.
2. Best Book for Investing : The Little Book of Common Sense
The best book for investing is The Little Book of Common Sense. This book discusses investment strategies that aren’t overly complicated as well as how to make the most of your money in the stock market. Written by John C. Bogle, he is the founder of the Vanguard Group as well as the creator of the first index mutual fund. His expertise on the investing is unmatched and he provides practical advice on how to incorporate investment strategy into your portfolio.
One of my favorite quotes from the books is “Don’t look for a needle in the haystack, just buy the Haystack” – John C. Bogle. His strategy of investing in index mutual funds has been tested with hundreds of thousands of Vanguard clients. Now he is offering this same strategy and advice in the form of this book to everyone.
3. Best Book for Beginner Investors : Broke Millennial
The best book for beginner investors is Broke Millennial. The majority of the younger generations simply do not know how to invest or at least why they should be, especially in their younger age. Broke Millennial, written by Erin Lowry, covers the basics of investing and retirement planning. Erin also covers how to create a good financial mindset as well as debunking common myths about investing and money. Erin writes Broke Millennial in a digestible way that is not complicated for a first time investor itching to dip their toes into the investing world. This is a must read for new investors, not just young ones.
4. Best Book for Budgeting : Your Money or Your Life
The best book for budgeting is Your Money or Your Life. This book educates readers on how to achieve financial independence by eliminating debt and reducing spending. The main philosophies of Your Money or Your Life is to get out of debt and develop savings, living comfortably without the need for material priorities, and defining values / lifestyles as it pertains to saving money. All of these ideas go into the main goal of retiring early. Written by Vicki Robin and Joe Dominguez, the authors dive into how you can save money and retire early through conscious budgeting. This is a must read for those that want to learn how to save money effectively while planning for your future.
5. Best Book for Making Money : I Will Teach You To Be Rich
The best book for making money is I Will Teach You To Be Rich. Written by Ramit Sethi, the book teaches the reader how to earn more money, how to save more money, and how to live a more fulfilling life. This book guides the reader on how to keep your finances on track and secure the future you want.
Entrepreneurship is one of the main themes of this book. Ramit discusses how this, no matter how small in the beginning, is important to creating ample wealth. Not only that, he discusses strategies that are extremely important for anyone in the age range of 20-35. Strategies about paying off student loans fast, automating your finances, and how to handle big expenses like buying a house or a car. This is truly a one sized fits all book for anyone looking to increase their income in a sustainable and smart way. Give it a read !
Check out this article if you would like to learn how to fill out a money order.
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- Breathe. “Book Review: Your Money or Your Life.” Zen Habits, 29 Jan. 2013, www.zenhabits.net/book-review-your-money-or-your-life/.
- Bram, Thursday. “Review: I Will Teach You To Be Rich.” Lifehack, Lifehack, 23 Mar. 2009, www.lifehack.org/articles/featured/review-i-will-teach-you-to-be-rich.html.