These are some of the best personal finance books related to money, finances, entrepreneurship, and investing that have helped me get on the right path. I have no doubt they can do the same for you.
In order to be good at anything, you have to be willing to learn and read, which is exactly how it works with better understanding money and your personal finances.
I credit a lot of my current knowledge and financial situation to reading some of the below personal finance books. Without the author’s guidance and unique knowledge, I may not have been as quickly prepared or may have never improved my financial well-being.
Of course, there is no guarantee you’ll get rich overnight or even in the next few years, but it will inevitably set you up for financial freedom.
I have a pretty busy schedule, but I always found time each week to dedicate to reading.
Lately, I’ve been slacking so I’m on the hunt for some new money motivation books or personal finance books. So if you have any good suggestions, please hit the comments.
Below are the best books about finance and money that set me on the right path and some newer ones that helped me adjust further. I also occasionally read these over, as I still get many new nuggets of info I may have missed.
In addition to reading these personal finance books, you should be starting to track your net worth for free.
Best Personal Finance & Money Motivation Books
1.) Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
This was one of the first books about money and finances that I ever truly read. It’s also the one I read over 1-2x times per year. The book is pretty short and a fairly easy read, but it was the first book that really opened my eyes to how I look at money.
The money book was written by Robert T. Kiyosaki over 20 years ago and has sold millions of copies and been translated into dozens of languages. The book explores the myth that you need to be a high-income earner to be rich and explains how to have your money work for you.
It’s also the first time I heard about the “pay yourself first” mindset and was key in helping me invest money while tackling personal debt.
Have you ever met someone or know someone in your family who never appeared to be wealthy? But at some point, you find out they are financially free or have a ridiculous amount of money saved?
That’s what The Millionaire Next Door explores, the people you least expect to be millionaires and how they got there by living below their means.
The fact is, most people who are wealthy can be your neighbor in a modest suburban neighbor. The book explores this and the common characteristics of those who obtained wealth.
Another one of my favorite personal finance books and it’s quite an easy read. But just like Rich Dad, Poor Dad, there is a lot of knowledge and perspective you’ll come away with.
If you are already pretty connected to the personal finance community then you are probably familiar with Vicki Robin and Joe Dominguez’s masterpiece. This book has been around for over twenty years but has continued to be an essential read to understanding money and personal finance.
This was a great eye-opening read and is a must for anyone interested in taking back your life by changing your relationship with money.
It helped me to rethink everything I know about money, building wealth, and my habits to obtain a better life. The book also has gotten some recent updates and new content, so highly worth checking out an updated edition.
When it comes to Tony Robbins, I will say I don’t buy into everything he puts out there. But, I was thoroughly impressed with his 2016 book, MONEY Master the Game: 7 Simple Steps to Financial Freedom.
This book is for investing and personal finance beginners, to even those who have solid knowledge. It’s a thick book, but easy to read and simple to understand.
Robbins did his homework on this one with interviews with the most legendary investors at work today (John Bogle, Warren Buffett, Paul Tudor Jones, Ray Dalio, Carl Icahn, and many others). And his 7-step blueprint for securing financial freedom.
I learned quite a bit more about investing money and it even helped my portfolio increase in returns in the last two years since reading. Also, Tony Robbins wrote a follow-up called Unshakeable: Your Financial Freedom Playbook, that is also quite good and may interest you.
Another one you might recognize and also not all necessarily about personal finance. However, this was the second book I read when I had just started getting into personal finance.
This book–by New York Times Bestseller Tim Ferris–covers how to escape the rat race, experiencing high-end world travel, and how earning a monthly five-figure income with zero management is possible. It also talks about Ferris’s personal life changes to achieve that status and this updated version includes A LOT of new material and case studies.
I will note, there were some things that I didn’t necessarily agree with in this book, but it opened my eyes to a lot more opportunities and how to live a better life. I think the key with truly getting in the right money mindset, is to read books like The 4-Hour Work Week, regardless if you agree with everything.
Interesting title right? So what does it mean? Well, this is the DIY handbook that espouses the investment wisdom of John C. Bogle, the founder of Vanguard.
I use Vanguard heavily and always recommend friends who are interested in investing to choose this platform. Mind you, there are some other decent ones out there that have low fees and great funds, but Vanguard has always been my preference.
When I got started in investing and with Vanguard, I wanted to learn more about the best funds to invest in. And I also wanted something to keep my interest, because reading about investing sometimes is not the most exciting stuff. But the Bogleheads guide kept my attention and helped me build a solid Vanguard portfolio.
So confession time, I have not read this classic yet….so why is it on the list? Well, anyone who I have ever talked to about finances, business, or entrepreneurship has at some point mentioned this book.
I’ve been slacking on reading this but based on the feedback I’ve gotten about it, this is a must in your personal finance collection.
In Think and Grow Rich, author Napoleon Hill draws on stories of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation to illustrate his principles. This book will show you not only what to do to build wealth but how to do it. Once you learn and apply the basic techniques, you will have mastered the secret of true and lasting success.
I’m excited to give this one a read.
Another big book, but if you are interested in individual stock investing then this a must to add to your collection. It’s also an easy to read personal finance book that teaches you all of the fundamentals of stocks.
The main premise is if you are investing in an individual stock, you are buying a piece of the company and should be investing for the long haul. This is not a get rich quick or stock flipping book.
As I’ve mentioned in other blog posts, I don’t think most people should be investing in individual stocks. You are exposed to more risk and should really read up (like this book) before even considering getting started.
I personally only invest 1% of my total available cash in individual stocks and still don’t that often. Sometimes it is nice to dabble a bit, but I’d stick to index funds that get you great exposure and diversification, with less risk.
This investing guide is one of my favorites of this personal finance books list. So much so, that I’ve read it twice and now going on three times. Not only because I liked it, but there is so much solid information that it is easy to miss or forget.
This book has also been around for nearly forty years! Yet, it gets updated every so often and the information still holds valuable after all these years. I found this book pretty easy to read and will definitely help your money make money.
Bonus: Principles: Life and Work
I decided to add a bonus book I recently read by famed investor Ray Dalio called, Principles: Life and Work. This is a MONSTER of a book and at times can be a bit difficult to read, but the insight is solid.
Dalio shares what he’s learned over the course of his incredible investing career and running an investment firm. He argues that life, management, economics, and investing can all be systemized into rules.
Whether you are interested in investing, entrepreneurship, or starting a business, I think there is tons of value in this book.