It’s hard to know where to get solid financial advice from. Even certain books feel like they might be biased or have issues with their delivery. But these seven books on finance are truly transformative and have the power to change your thoughts about money for good.
The following links are affiliate links, meaning if you purchase any of these items using my links, I will receive a small commission at no extra cost to you. You can read the full disclaimer here.
1. “Rich Dad Poor Dad” by Robert Kiyosaki
This classic book contrasts the financial philosophies of Kiyosaki’s two “dads”: his biological father (the “poor dad”) and his best friend’s father (the “rich dad”). Through personal anecdotes, Kiyosaki speaks on how important it is to invest in financial education and spend time understanding how money works. This book challenges conventional beliefs about work and wealth and emboldens readers to think more about a financial future that works for them—not just one that was laid out for you.
2. “The Total Money Makeover” by Dave Ramsey
Dave Ramsey’s straightforward approach to personal finance has helped millions achieve financial freedom. In “The Total Money Makeover,” Ramsey outlines a step-by-step plan to get out of debt, save money, and build wealth. His no-nonsense strategies and motivational anecdotes make this book a must-read for anyone looking to take control of their finances and build a solid financial foundation.
3. “Your Money or Your Life” by Vicki Robin and Joe Dominguez
This transformative book encourages readers to rethink their relationship with money. “Your Money or Your Life” provides a nine-step program to help you achieve financial independence and align your spending with your values. By tracking your expenses and understanding the true cost of your lifestyle choices, you’ll gain clarity on what really matters to you and how to achieve it.
4. “The Millionaire Next Door” by Thomas J. Stanley and William D. Danko
Based on extensive research, this book reveals the surprising habits and traits of America’s wealthy. “The Millionaire Next Door” shatters stereotypes about wealth and discusses why hard work and smart investing are cornerstones of financial freedom. By understanding the behaviors that lead to financial success, you can adopt a wealth-building mindset and make smarter financial choices.
5. “I Will Teach You To Be Rich” by Ramit Sethi
Ramit Sethi’s witty and engaging writing style makes personal finance accessible and enjoyable. In “I Will Teach You to Be Rich,” Sethi offers a six-week program covering everything from budgeting and saving to investing and managing credit. His practical advice and actionable steps empower readers to take charge of their finances and build a rich life on their own terms.
6. “The Psychology of Money” by Morgan Housel
In “The Psychology of Money,” Morgan Housel explores the emotional and psychological aspects of money management. Through compelling stories and insights, Housel illustrates how our beliefs about money shape our financial decisions. This is another book looking out for its readers, hoping to inspire them to develop a healthier mindset around money.
7. “Broke Millennial” by Erin Lowry
Broke Millennial” gives millennials a bit of a break from being ostracized for their love of expensive coffees and avocado toast. It brings a firm empathy and perspective to the challenges millennials and Gen Z face because of today’s economy. Erin Lowry offers relatable advice on budgeting, student loans, and investing, all while maintaining an approachable tone. This book is perfect for anyone looking to navigate the curious world of modern finance.
