Personal finance books that will help you save money, invest, build wealth, get out of debt, and more
Read and get rich
We're in a crisis. A global recession looms large as travel bans are imposed, events are cancelled, shopping malls are deserted, and businesses are ceasing operations in the midst of the coronavirus pandemic. Everywhere in the world, people are staying in, with the hopes that this will soon blow over.
On the bright side, there's no better time than now to catch up on your reading. If you're looking to get better with managing your money (who isn't?), here's a selection of books that will help you achieve your financial goals – whether it's saving, sticking to a budget, repaying debt, building an emergency fund, or making smart investments.
"You, right now, have a choice: you can let money control and define your life or you can control it."
Aimed at young 20- and 30-somethings who are dealing with both paying off debt and planning for the future, this book comes with practical tips, jargon-free advice, and approachable step-by-step instructions to guide even the most clueless on the path to financial wellness.
"The walls of your comfort zone are lovingly decorated with your lifelong collection of favorite excuses."
Abundance is a state of mind, and motivational cattle prod Jen Sincero wants to get your head on straight when it comes to money-making in this sequel to the over-half-million-copy-sold phenomenon You Are a Badass. Her hilarious, sassy, and matter-of-fact prose will urge you to undo old negative beliefs and run towards your deepest desires with no apologies.
"The desire to fill your life with all the things that you believe will make you a more whole or realized person has to go because it drains your checking account and fills your life with clutter."
Four years after Chelsea Fagan and Lauren Ver Hage launched their millennial-targeted money blog The Financial Diet – or TFD – the duo published a book of the same name, filling its beautifully-illustrated pages with the financial wisdom of over 20 experts. Want to know how to get good with money in a year? Earn more money at your job? What you need to have in your home kitchen (which, by the way, has everything to do with money)? Answers are inside this gem.
"Money is something you trade your life energy for. You sell your time for money. [...] The only real asset you have is your time. The hours of your life."
Oprah said this 1992 classic "can really change your life". The nine steps laid out in the book won't help fatten your bank account so you can live the life of your wildest dreams, but it will show you the way to financial independence and greater happiness through a simpler, more sustainable living. In other words, how to live with "enough", not "more".
"The fact is, none of us really has a choice: We're all playing the money game whether we want to or not. The only question is: Are we winning?"
Can't deal with too many steps? Self-made millionaire David Bach's highly acclaimed book offers just one, and that is: pay yourself first. This means you set aside money, right from the moment you get paid, for savings and investing. Even better, get this part automated so there's no need to exercise discipline.
"A crash is our best chance to leapfrog into financial freedom by buying wonderful companies on sale at bargain-basement prices."
If financial statements, numbers, and balance sheets give you a brain fog, you'll find a kindred spirit with Danielle Town, a corporate startup attorney-turned-investor, whose all-consuming legal career forced her to relook at her both her money and her life. She turned to her father, best-selling author and investor Phil Town, for help, and the result is this informative book that charts her path to investing.
"Just as no building lacks an architecture, so no choice lacks a context."
In a nutshell, this book is about choices. It unpacks our decision-making process so we can unconsciously make better choices by designing our environment – rather than changing our mindset and finding inner strength (though those are helpful, too). Loved Malcolm Gladwell's Blink and Daniel Kahneman's Thinking, Fast and Slow? You're looking at your next book.
"When there are multiple solutions to a problem, choose the simplest one."
The creator of the world's first index mutual fund is here to teach you index investing. To put it broadly, index investing is passively buying into a collection of stocks, bonds, and other securities that represents a market segment. It's low-cost and low-effort for maximum returns. All you need is some common sense and, of course, this book.