Are you ready to learn more about the world of personal finance? Most of us are on our own when it comes to learning about money, and financial literacy is essential for you to gain control of your money.
The first step to mastering your financial life begins with reading the best personal finance book. These books will give you a more profound financial knowledge from budgeting to saving to investing to debt management and retirement planning.
In this blog, we share a list of 20 personal finance book recommendations that are a must-read in 2024.
20 Best Personal Finance Books Of 2024
Below is our top selection of the best books on personal finance to help you learn about money, investing, saving, and managing your debt.
1. Personal Finance For Dummies
Are you looking for tips on getting out of debt, investing, or saving? Or you’re a young college graduate or a young mom looking to learn about personal finance. Personal Finance for Dummies is the best personal finance book for people new to the personal finance world. This book’s author is Eric Tyson, the author of best-selling books. It gives you a head start on the new tax bill and how it affects you, your family, and your business. It also focuses on new financial technology like cryptocurrencies and global investing.
This book can help you master your credit life with tips on revamping your credit score. The author of this book breaks down jargon financial terms into understandable ones fit for beginners. Tyson’s witty writing makes the book an exciting read. You can choose to read any chapter/topic without missing anything important.
2. The Total Money Makeover
The Total Money Makeover is one of Dave Ramsey’s best-selling books helping readers get financially fit. This book is one of the best guides for people looking to break bad money habits and cultivate healthy relationships with their money.
As one of the best books on personal finance, this book takes you through seven baby steps to help you improve on money management and reduce debt. The first step is how to create a $1,000 emergency fund, which can be helpful if you’ve never had success with saving money. Also, Ramsey’s seven-step money management plan includes debt paying, a 6-month emergency fund, retirement funds, college funds, mortgage, and building your wealth.
Ramsey demonstrates how much money behavior can impact our financial life and the need to be financially disciplined. If you’re unsure where your money goes or why your credit debt is ballooning, pick this book on Amazon Kindle. The audiobook is available for free with your Audible Trial.
3. Get Good With Money
With women’s financial literacy still lower than men’s, Tiffany Aliche aims to educate women on personal finance. Get Good with Money is one of her best-selling personal finance books, offering ten invaluable tips for building a solid financial foundation.
It can be overwhelming when we face our bad money habits to build a better life. However, through this book, Tiffany takes you through a step-by-step process compassionately to help you slash debt, save for big-ticket items, and achieve your money goals.
This book’s notable financial advice includes understanding your insurance needs and credit score and financially protecting your loved ones’ future. Whether you want to get out of the dark financial life or are ready to level up your money mastery, this book is an excellent pick for all people.
4. Black Girls Guide To Financial Freedom
The Black Girls Guide to Financial Freedom is another one of our best personal finance book recommendations ideal for beginners in personal finance. Written by Paris Woods, the book educates black women on building wealth, retiring early, and achieving financial freedom.
She uses her real-life financial journey and stories of other successful black women in the book, making it relatable, relevant, and applicable to her readers. This book dives into and distills student loans, credit scores, car purchases, and investing information.
Whether you’re a black woman straight out of college or in the middle of your career journey, this is another best book for finance, ideal for every woman. If you’re looking for tips to help you finish your higher education debt-free, you need to grab this book on Amazon Kindle!
5. We Should All Be Millionaires
Building wealth as a woman can be pretty challenging, and being a high-earning woman can be the hardest thing to achieve. We Should All Be Millionaires is a finance book by Rachel Rodgers focusing on helping women learn how to be millionaires. In this book, she takes you through essential lessons from women millionaires in history to motivate you.
This book for personal finance can help you take charge of your assets and have an abundant life. Rodgers gives you ways to create multiple income streams and focus on seven-figure earnings. You’ll have a new perspective on money by the end of the book. Get the knowledge and confidence and beat the imposter syndrome to achieve your money goals with this book on Amazon Kindle.
6. Why Didn’t They Teach Me This In School?
Are you looking for an easy-to-read book on personal finance for young adults? With 99 invaluable financial tips, Why Didn’t They Teach Me This in School is another great one for high-school graduates. The author, Cary Siegel, draws these tips from his personal experience, making it relatable in real life.
The book delves into sections of life lessons, budgeting and saving, spending, debt and credit card, investing, housing, and quick tips. The tips are concise and straight to the point, making it the best personal finance book to read in a short time.
7. Clever Girl Finance
Not all personal finance books give actionable steps to follow and achieve a particular thing. For instance, many will tell you that you need a budget but don’t guide you on how to create a realistic budget. Clever Girl Finance is another action-packed personal finance book for women that bridges the gap.
Authored by Bola Sokumbi, this book makes navigating money essentials like saving and investing less intimidating for women. The book provides clear money roadmaps that apply to women of all ages. Whether you need to shift your money mindset or are looking to pay off all debts, this personal finance book is practical.
8. The Simple Path To Wealth
Does the stock market sound intimidating and complex? In this book, The Simple Path to Wealth, J.L Collins can help you understand the murky waters of the stock market. The book is exceedingly simple for beginners making it a gamechanger for you if you need to get into the stock market.
This book also explores how vital it is to create you money and avoid debt. You can also learn about Target Retirement Funds, Required Minimum Distributions, Health Savings Account, and your retirement plans. Understand how the 4% rule works, and how you can capitalize on it wisely.
Collins takes you through steps to spot a scammer from a distance and when to work with an investment advisor. The author also demystifies the thinking that wealth building is tied to your age.
9. Broke Millenial: Stop Scraping By and Get Your Financial Life Together
The Broke Millenial is one of the best books for personal finance to read. Dealing with student loans and other responsibilities can make it hard to save. Erin Lowry shares practical tips on negotiating your pay rise, understanding money as a couple, managing student loans, and understanding consumer debt.
The book also goes deeper into money and friendships, investing, credit reports and scores, retirement, and how to handle moving back to your parent’s house. This book is for any young adult looking for personal finance tips without sugarcoating. Lowry delivers everything in a conversational tone and uses real-life stories, making it easy to digest. You can start reading any chapter in the Broke Millenial without missing any crucial information.
10. Your Money Or Your Life
Focusing on strict budgeting to save money is sometimes depressing, and it can make you feel guilty when you spend money on something you probably want to have. Budgeting requires a ton of time and may be too rigid for some people. Your Money or Your Life offers alternative money-saving concepts like frugal living to help you save money through sustainable living.
Vicki Robin authors the book. It dives into index funds, investing, creating revenue streams, and using online tools.
11. You’re A Badass At Making Money
Do you struggle with limiting beliefs on money and growing your income? You’re a Badass at Making Money will transform your conceptualization of money. This book by Jen Sincero – New York Times Best Selling Author – can help you break the stumbling blocks to achieving your financial freedom.
The book is what you need to give a push to follow your money dreams and unlock them without a hassle, thanks to its cheerful tone. This book’s remarkable financial insights include:-
- Creating crystal clear financial goals.
- Moving out of your comfort zone to earn more money.
- Taking concrete action.
- Use your money to multiply your revenue streams.
12. The Automatic Millionaire
Do you have a job with regular income but still feel cash-strapped or looking for ways to accumulate your wealth while working as an employee only? Quitting a 9-5 job to be “your own boss” may not work for everyone, and we’ve got to find ways to hit those financial goals even without a side job. The Automatic Millionaire by David Bach is one of the best personal finance book recommendations for people – especially couples – looking to be smart with their money.
Bach shows how to automatically divert your money to important goals using timeless principles and real-life stories, such as automating your retirement plans, low-cost index funds, mortgage payments, credit card payments, and emergency funds.
He uses his popular term “The Latte Factor” to help you realize the little things costing you thousands of dollars every year. The Automatic Millionaire also focuses on why and how to pay yourself first.
13. The Bogleheads Guide To Investing
Investing is part and parcel of personal finance, and it can be pretty confusing when you don’t have the correct information. The Bogleheads Guide to Investing uses the philosophy of the Vanguard founder John C. Bogle to help you succeed in your investments. This book’s ideas focus on helping the average investor minimize the costs of investing and understand and diversify their investment.
Are you wondering about the perfect time to invest? This book advises against timing the market; instead, you need to focus on your long-term goal. It also offers sound tips for overhauling your financial lifestyle and creating and diversifying your portfolio.
The Bogleheads Guide to Investing stresses the importance of investing early, creating retirement goals, and understanding the assets you’re buying. Written by Mel Lindauer, Taylor Larimore, and Michael LeBoeuf, this personal finance book is a great pick for young people and newbie investors.
14. Introducing Personal Finance: A Practical Guide
“Introducing Personal Finance: A Practical Guide” by Michael Taillard is an excellent choice for beginners and individuals looking to enhance their understanding of personal finance. This comprehensive book covers the fundamental concepts of personal finance and offers practical advice on budgeting, saving, investing, and debt management.
Taillard’s clear explanations and actionable tips make complex financial topics accessible and applicable to everyday life. With its emphasis on building a strong financial foundation, this book is an invaluable resource for those seeking to take control of their financial well-being.
15. The Psychology Of Money
If you’re interested in delving into the psychology behind financial decisions, “The Psychology of Money” by Morgan Housel is a must-read. This insightful book explores the behavioral aspects of money management and provides valuable insights into the impact of our emotions and biases on financial choices.
Housel draws on real-life examples and research to illustrate the psychological factors that influence our relationship with money. By understanding the psychological dynamics at play, readers can make more informed decisions and develop a healthier mindset towards personal finance.
16. Rich Dad, Poor Dad
Widely regarded as a classic in the personal finance genre, “Rich Dad, Poor Dad” by Robert T. Kiyosaki and Sharon L. Lechter challenges conventional wisdom about money and offers a fresh perspective on wealth accumulation. Through engaging storytelling, Kiyosaki shares lessons from his own life and highlights the stark differences in mindset between his two fathers—one rich and one poor.
The book emphasizes the importance of financial education, asset acquisition, and generating passive income. It inspires readers to question traditional beliefs about money and take proactive steps towards financial independence.
17. How To Make Your Money Last
For those seeking financial security and effective retirement planning, “How to Make Your Money Last” by Jane Bryant Quinn is a comprehensive guide. Quinn offers practical strategies for stretching your savings, managing investments, and making informed decisions about Social Security and Medicare.
With her extensive knowledge and experience, she provides valuable insights into topics such as long-term care, tax planning, and creating a sustainable income in retirement. This book equips readers with the tools they need to navigate the complexities of retirement planning with confidence.
18. Unshakeable
In “Unshakeable,” renowned life and business strategist Tony Robbins provides actionable strategies for achieving financial freedom and overcoming common financial obstacles.
Drawing from the wisdom of top financial experts, Robbins shares insights and techniques to help readers navigate turbulent markets, build a resilient investment portfolio, and protect their wealth. The book empowers readers to take control of their financial future and create a path towards financial independence.
19. Make Your Kid A Money Genius (Even If You’re Not)
If you have children and want to teach them about money management, “Make Your Kid a Money Genius (Even If You’re Not)” by Beth Kobliner is an invaluable resource. Kobliner offers practical strategies for instilling good money habits in children, covering topics such as budgeting, saving, investing, and charitable giving.
With a focus on age-appropriate lessons and engaging activities, this book provides parents with the tools to raise financially responsible children. Kobliner’s expertise and relatable approach make this book an essential guide for parents navigating the complex world of teaching kids about money.
20. I Will Teach You To Be Rich
“I Will Teach You to Be Rich” by Ramit Sethi is a highly acclaimed personal finance book that offers a fresh and no-nonsense approach to managing money and building wealth. Sethi breaks down complex financial concepts into practical, actionable steps that anyone can follow.
From creating a personalized financial system to optimizing credit cards and investments, this book provides comprehensive guidance on automating your finances, negotiating better deals, and maximizing your earnings. With its witty writing style and emphasis on taking immediate action, “I Will Teach You to Be Rich” empowers readers to achieve financial success and live a life of financial freedom.
Conclusion
Personal finance books are great tools to help you acquire knowledge on money matters and personal development. Whether you’re a newbie in the personal finance space or are a savvy one, these books offer blueprints and valuable tips for people in all stages of life. The most important part is implementing the book’s principles to get results.
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FAQs
What are personal finance books?
Personal finance books provide guidance on managing finances, covering topics such as budgeting, saving, investing, and retirement planning.
Which books are best for beginners?
Recommended books for beginners include “Rich Dad Poor Dad,” “The Total Money Makeover,” “I Will Teach You to Be Rich,” and “The Simple Path to Wealth.”
