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7 Life-Changing Financial Education Books:
Books On Money Management you Need To Read
In today’s post, I am going to be sharing my favorite financial education books. These books have truly changed the way I manage my money, and I hope they do the same for you.
Personal finance is something I have struggled with in the past for a number of reasons.
For starters, I believe that just as generational wealth is a thing, so is generational poverty. My parents weren’t very knowledgeable about how to have money work for us, and only ever spoke to us about the very basics of saving.
Another factor of my poor money-handling skills was that I was never taught ANYTHING to do with finances in school. It honestly baffles me that I was taught so many impractical things in school, yet something as important as personal finances wasn’t ever touched on.
Because sure, making money is great and all, and I know how to do THAT, but then what?
It wasn’t until I started reading blogs and personal finance books that I began to learn the basics of handling money. And today I am going to be sharing my favorite financial education books with all of you. I’m positive that they will give you a few a-ha moments of your own.
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The Richest Man In Babylon
If you want a quick and easy to get through book on personal finance, The Richest Man In Babylon is going to be your best bet. Even though this book was first published in 1926, its advice regarding personal finance is still very much relevant today. The book teaches doable steps that you can apply to your finances to ensure saving, as well as making more money. A true classic that I think everybody should read at least once in their lives.
Order The Richest Man In Babylon here.
Rich Dad Poor Dad
Another fantastic personal finance book is Rich Dad Poor Dad. It is the author’s story of living with “two dads”, one being his own, and the other his best friend’s father. He explains in this book how the two dads had different mindsets regarding money. One of them was poor, and the other was wealthy. The book explores the myth that you have to work extremely hard to be rich and rather focuses on doable steps you can do to have your money work for you.
Total Money Makeover
This book is the McDaddy of all personal finance books, in my opinion. If you are in any amount of debt and are struggling to pay it off, Total Money Makeover is the book for you. You will be guided on what exact steps are needed from you to pay off your debt, as well as how you can change your spending habits and budget in order to save money. Dave Ramsey’s approach is very straight-forward. If you are someone who responds to tough love, this book is written in a way that will make you take a hard look in the mirror and want to get your act together.
Order Total Money Makeover here.
Broke Millennial
Broke Millennial is the perfect book for us millennials struggling with finances. This book contains helpful information on student loans which, as I can only imagine, many of us are still trying to pay off. If, however, you have basic knowledge of personal finance, you might find this book too basic for you.
I Will Teach You To Be Rich
Another one of my favorites; I Will Teach You To Be Rich is the perfect book for 20somethings. It’s a logical step-by-step guide for financial success and it’s helped me a lot. What I like the best about I Will Teach You To Be Rich is that the author doesn’t make you feel guilty about wanting to spend money on what you love. In fact, he encourages spending extravagantly on the things you love, as long as you cut out the costs of those things which don’t bring you joy. A fantastic read that everybody needs in their personal finance library.
Order I Will Teach You To Be Rich here.
The Millionaire Next Door
The Millionaire Next Door showcases millionaires who could, quite literally, be living next door to you. The book focuses on regular people who are self-made millionaires, as opposed to celebrities. It talks about living below your means and investing, and is very eye-opening! This book also has a lot of statistics throughout the book which just shows how much research was carried out while writing it. I’d highly recommend The Millionaire Next Door to anybody who hasn’t read it yet!
Order The Millionaire Next Door here.
You Are A Badass At Making Money
If you have read all the practical how to make money books and are looking for something new and refreshing, this book is for you. Jen Sincero’s approach to attaining wealth is less practical and more energy-based.
She uses rules from the Law of Attraction to teach you how to manifest money. Sure, the book is a little woo-woo, however, it does teach how to stop looking at money like it’s a far-fetched, bad thing that will never happen to you. You Are A Badass At Making Money also has money mantras throughout each chapter which I personally really liked.
Order You Are a Badass at Making Money here.
You might also enjoy these posts on finances:
10 SIDE HUSTLES IDEAS
15 THINGS TO STOP BUYING THAT WILL SAVE YOU MONEY
20 CREATIVE WAYS TO SAVE MONEY YOU WILL LOVE
Great book suggestions. I agree that personal finance needs to be taught in school– it’s a part of success. A book on investing I found easy to follow and straight forward was The Simple Path to Wealth by JL Collins. No confusing jargon. Thanks for your insight.
Thanks for the list! I always appreciate book recommendations. The Dave Ramsey is a favorite. I will be putting some of these on hold at the library for sure!
I will teach you to be rich is my bible. Although I’m still a long ways away from being financially independent, it’s my absolute dream. Thanks for sharing these other titles. I will absolutely look into them!
I recently purchased “Rich Dad Poor Dad” but have yet to read it. I always hear how great the boom is. I will also look into the others on the list! ♥️
I’m definitely going to have a look for You Are Badass At Making Money – that sounds great. I’ve never read a personal finance book!
Ooh, there are some great books on personal finance out there! For all types of audiences, too!
I too, was terrible with money and how to save. (I will also admit I still have a lot to learn). Thanks for recs! There’s a lot here to dive into!
These are great examples. I read rich dad poor dad and it was life changing. Definitely putting these on my list.
Rich Dad, Poor Dad definitely is life-changing! Thank you for stopping by. 🙂
Rich Dad, Poor Dad is a great book! I think I’d like to read Broke Millennial too as that title pretty much sums me up 😂
You and me both, Hannah. You and me both. 😂
This is such a useful post, I’ll definitely be having a look at some of these books. Any book that says I’m a badass does it for me too!
Sammy | Self-Care Sloth
Haha, that book will make you definitely feel like a badass in no time!
wow I need to read some of these!
Rosie
I completely agree with you that it’s absolutely bizarre that we aren’t taught about finances at school. It would be incredibly useful but I suppose it would probably mean banks don’t profit off our lack of knowledge! These books all look great. I’ve read a few blogs about Dave Ramsey’s approach so I should probably pick his book up, I’m sure he’d help me out!
That’s so sad but true! Banks definitely make a profit because of our poor finances. I think you will really enjoy Dave Ramsey’s books if you can look past his “yelling” at you haha. That’s definitely what I needed to get kicked into gear.
My usually timid confrontation with money saving-cum-making tactics has just received a fresh makeover! I’ve held the firm
Belief that half the books about money making and money making habits are just a hoax and are written by also haves. A synoptic glance at these books and having read two of them has completely swung me into a 180degree perspective and now have become and ardent activist for advocacy to read these edifying masterpieces.
Excellent book recommendations. I agree that personal finance should be taught in schools because it is an important aspect of success. The Simple Path to Wealth by JL Collins was an easy-to-follow and straightforward investing book for me.