17 Personal Finance Books That Will Change Your Life (2024)

If you want to change your life, then I recommend that you start reading personal finance books. Yes, money is not everything, but improving your financial situation can help you gain control of your life. The personal finance books below may help you: Pay off your debt Find side hustles Manage your money better Communicate…

If you want to change your life, then I recommend that you start reading personal finance books. Yes, money is not everything, but improving your financial situation can help you gain control of your life.

The personal finance books below may help you:

  • Pay off your debt
  • Find side hustles
  • Manage your money better
  • Communicate more effectively in your relationship
  • Figure out retirement
  • Live well on a budget
  • Deal with the delicate world of increasing college expenses
  • Overcome difficult financial situations, such as when someone is hiding money from you

And more!

Related:

  • 15 Of The Best Money Books For Young Adults
  • Best Money Books To Help You Change Your Life
  • 13 Best Early Retirement Books
  • 14 Best Books About Budgeting

Below are some of my favorite personal finance books.

All of authors of these personal finance books also have amazing websites that you should check out!

The Broke and Beautiful Life by Stefanie O’Connell

The Broke and Beautiful Life is a personal finance book written by my friend Stefanie. And, I think it’s the best title ever for a personal finance book!

Stefanie’s personal finance book is a great, fun read that won’t leave you bored. You will learn about many topics related to personal finance, and you will take away several actionable tips that will help you improve your life and financial situation.

I Will Teach You To Be Rich By Ramit Sethi

I Will Teach You To Be Rich is a great book for beginners. It would make a great gift for a recent high school or college graduate.

Ramit’s I Will Teach You To Be Rich is packed full of great lessons, and it is written in a fun way. He covers the basics of personal finance such as budgeting, saving money, investing, and more.

31 Days to Radically Reduce Your Expenses by Kalyn Brooke

Kalyn’s 31 Days to Radically Reduce Your Expenses is a great read that will help you cut your costs dramatically so that you can save more money. She teaches readers how to never again pay full price for gas, how to get a refund on unused phone data, how to have a smaller mortgage payment, how to watch your favorite shows without cable, and more!

Frugality for Depressives by Abigail Perry

Frugality for Depressives is a book written by my friend Abigail Perry. The description says it all, “It’s no secret that depression makes life harder. Sometimes it takes everything you have just to get through the day. The thought of frugality might seem daunting or even impossible. It’s not.”

How Much Money Do I Need to Retire? by Todd R. Tresidder

Determining how much money you should save for retirement can be a difficult task. In his book How Much Money Do I Need to Retire?, Todd makes it easy.

You will learn all about topics such as improving your financial security, how to reduce the amount you need to retire, how to calculate your retirement amount, and more.

Next Round’s On Me by Martin Dasko

Martin has written several books including I Like You As a Friend: How You Can Avoid The Friend Zone Forever. If that doesn’t make you want to learn more about him, then I don’t know what will!

Martin’s book, Next Round’s On Me: How-to Achieve Financial Freedom in Your 20s, is a great read for young adults who don’t want to be broke but also don’t want to miss out on life. Yes, you can have a great life and reach financial freedom!

Real Life on a Budget by Jessi Fearon

Jessi’s book, Real Life on a Budget, is a great personal finance book that will help you learn to manage your money better. She includes real budgeting advice, challenges that will help you to improve your financial situation, and actionable steps so that you can live well on a budget.

Real Money Answers for Every Woman by Patrice C. Washington

Patrice’s book, Real Money Answers for Every Woman, is a must-read for women! Her book teaches readers valuable lessons such as how to plan for the future, how to manage credit cards, homeownership, and more.

Money Talks by Talaat and Tai McNeely

Money Talks: The Ultimate Couple’s Guide to Communicating about Money is a great guide that will help couples better manage their money together. I believe this is a big problem with relationships. Not many people discuss money in their family, and this needs to stop today! Read this book ASAP, especially if you do not communicate regularly with your family about money.

The Military Guide to Financial Independence and Retirement by Doug Nordman

The Military Guide to Financial Independence and Retirement is a great book for anyone in the military or those with military family members. You will learn how you can happily semi-retire or retire completely in your early 40s.

Degrees of Desperation by Bobbi Dempsey

It’s no secret that college costs are increasing, and more and more people are having to take out student loans in order to afford it. Many people are even raiding their retirement funds in order to pay for their children’s education.

Degrees of Desperation: The Working Class Struggle to Pay for College is a great personal finance book packed full of valuable advice for anyone with children.

Train Your Way to Financial Fitness by Shannon McLay

Shannon is an amazing woman, and she has a fun podcast that I recommend you check out. Her personal finance book, Train Your Way to Financial Fitness, is just as great! Shannon’s book helps readers become financially fit and is packed full of great advice and exercises.

Gold Diggers and Deadbeat Dads by Valerie Rind

Gold Diggers and Deadbeat Dads won the 2015 Plutus Award for Best New Personal Finance Book, so you know it’s good!

In this book, you will read stories about people who were presented with financial struggles caused by another person and were able to overcome these difficult times. This includes things such as those who co-sign loans for others, finding out that your significant other has hidden debt, family members who are taking advantage of elderly parents, and more. You will also learn tips to prevent these horrible mistakes, as well as what to do if you are currently dealing with them.

Hustle Away Debt by David Carlson

David’s book, Hustle Away Debt, just came out last month and it’s a great one! This personal finance book will help you get rid of your debt by making extra income. As you all know, that’s one of my favorite topics!

Soldier of Finance by Jeff Rose

Jeff is a Certified Financial Planner and army veteran. “Soldier of Finance is a no-nonsense, military-style training manual to overcoming financial obstacles and building lasting wealth.”

His book will help you get rid of your debt, create a budget, invest, and more.

One Bed, One Bank Account by Derek and Carrie Olsen

Talking about money is something that should take place in every marriage. In One Bed, One Bank Account, you will learn to effectively communicate with your partner, whether you are just starting out, if you are currently having a financial problem, or if you are doing great.

You Only Live Once by Jason Vitug

This bookwas just recently released. Jason is a blogging friend of mine, and I just KNOW that this will be a great book.

You Only Live Once is a bookthat will help you make smarter money moves, while also thinking about the future and how it may impact you.

What are your favorite personal finance books?

17 Personal Finance Books That Will Change Your Life (2024)

FAQs

What is the #1 rule of personal finance? ›

#1 Don't Spend More Than You Make

When your bank balance is looking healthy after payday, it's easy to overspend and not be as careful. However, there are several issues at play that result in people relying on borrowing money, racking up debt and living way beyond their means.

What is the best book for financial literacy? ›

Let's dive in.
  • The Richest Man in Babylon. ...
  • Rich Dad Poor Dad. ...
  • In Dave Ramsey's The Total Money Makeover, readers are given a step-by-step plan to rectify their financial woes. ...
  • Your Money or Your Life. ...
  • The Millionaire Next Door. ...
  • The Simple Path to Wealth. ...
  • The Little Book of Common Sense Investing.
Aug 28, 2023

Who is the best selling personal finance guru? ›

Dave Ramsey is the founder and CEO of the company Ramsey Solutions, where he's helped people take control of their money and their lives since 1992. He's also an eight-time national bestselling author, personal finance expert and host of The Ramsey Show.

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

What is the most powerful force in personal finance? ›

Taking advantage of compounding can be the single best way to grow your money faster than inflation erodes it and build wealth. Historians still debate this, but the story goes that Albert Einstein called compound interest the most powerful force in the world.

What is the 1234 financial rule? ›

One simple rule of thumb I tend to adopt is going by the 4-3-2-1 ratios to budgeting. This ratio allocates 40% of your income towards expenses, 30% towards housing, 20% towards savings and investments and 10% towards insurance.

What is the 80% rule personal finance? ›

The 80/20 budget is a simpler version of it. Using the 80/20 budgeting method, 80% of your income goes toward monthly expenses and spending, while the other 20% goes toward savings and investments.

What are the 5 P's of finance? ›

The 5P's represent - People, Philosophy, Product, Process, Performance. In finance, the 5P's served as a rule-of-thumb guide for our evaluation of whether to invest in a particular fund - hedge funds or private equity funds in my context.

Which financial book should I read first? ›

1. The Only Investment Guide You'll Ever Need, by Andrew Tobias. If you are truly just starting out in your investing journey, this book is a great place to start. You'll learn tips on how to save and invest for your future and get excellent advice on what to avoid in the financial world.

What is the best book to learn how money works? ›

5 of the Best Finance Books That Help You Understand Money
  • 1) Money Master the Game (Tony Robbins) ...
  • 2) Fools Gold (Gillian Tett) ...
  • 3) The Psychology of Money (Morgan Housel) ...
  • 4) Kleptopia (Tom Burgis) ...
  • 5) Why Wall Street Matters (William D Cohen)
Nov 30, 2021

How to use debt to build wealth? ›

One way to do this involves using a lump sum – possibly received from a bonus or an inheritance – to pay off your inefficient debt. If you then borrow the same amount and invest it, you're essentially replacing the inefficient debt with a debt that is tax-deductable and could potentially generate wealth.

Who is the famous personal finance guy? ›

Famous financial advisors became household names for a variety of reasons. Benjamin Graham and Warren Buffet are among the most common traditional financial advisors that relied heavily on value investing. Several financial advisors such as Dave Ramsey and Robert Kiyosaki are most known for their print publications.

Who is Oprah financial advisor? ›

Last month, she hired Peter Adamson, a chief investment officer who had previously overseen the investments for the family office of Eli Broad, the founder of KB Home and SunAmerica, to manage her holdings, estimated at more than $2 billion.

Do finance guys make a lot of money? ›

Salaries in the finance industry

According to the U.S. Bureau of Labor Statics (BLS), careers in finance pay a median salary of $76,850 — 66% higher than the median salary for all occupations in the nation ($46,310).

What is the best way to learn about personal finance? ›

Listening to podcasts and reading books about specific areas of finance that interest you help break down more complex financial topics and speed up the learning process. There are also many paid and free courses out there that offer courses in different areas of finance and investing.

What is the 50 20 30 budget rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What are the four 4 pillars of personal finance? ›

Everyone has four basic components in their financial structure: assets, debts, income, and expenses. Measuring and comparing these can help you determine the state of your finances and your current net worth. You can think of them as the vital signs of your financial circ*mstances.

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