Personal Finance Books -The Complete Guide


http://thefirstmillionisthehardest.netI received a Kindle Fire as a gift this past Christmas, and recently went about the overwhelming task of picking out which books I wanted to load onto it. Its been a while since I’ve read a personal finance book, but its one of my favorite topics (couldn’t you tell?) so I wanted to pick up something new. It was shortly after that I realized just how much there was out there on the topic!

If you’re in the market for something to read on personal finance or investing (what, my site isn’t enough for you?!) it can be pretty confusing finding what is actually worth your time. Well luckily for you, I’m here to save the day! I’ve read A LOT of books on the subject over the years and I’m here to take the leg work out of it for you.

With that said…behold! I bring you the complete guide to personal finance books!

You can’t go wrong reading anything on this list. If any of them look particularly interesting to you, I’ve included a like to the book on amazon.com to save you some time. Or you can head down to your local library and check it out for free!

Investing Books:

    

The Intelligent Investor : I don’t think I’d be exaggerating to call this the bible of investing. Written by Ben Graham (Warren Buffett’s mentor) in 1949 (and revised to stay current) The Intelligent Investor teaches you the fundamentals of value investing. Day-traders and speculators need not apply. This book teaches you to INVEST and to focus on the long run, not the next quarter. It was the first (and best) finance book I ever read. One warning, this book is THICK, so plan accordingly.

The Bogleheads' Guide to Investing : A much less daunting of a book than The Intelligent Investor but just as important to your financial well-being. If you’re a “beginning” investor wanting to learn about diversification, asset allocation and more,this should be your first read. It’ll set you on the right path & you’ll actually enjoy reading it.

The Four Pillars of Investing : Another great book to build your foundation of investing knowledge. The book breaks down the Theory, History, Psychology and the Business of making sane, rational investment decisions.

The Only Investment Guide You'll Ever Need : Written in a witty, conversational kind of way. Author Andrew Tobias describes preaches a simple fundamental message to managing your finance while taking you through the world of stocks, bonds, mutual funds and the rest. My favorite section of the book is on how to handle a large financial windfall such as winning the lottery or receiving an inheritance (we should all be so lucky!).

 One Up On Wall Street : Authored by Peter Lynch – founder of one of the most successful mutual funds ever (Fidelity’s Magellan Fund). One Up On Wall Street takes a common sense approach to investing. Showing you how to use what you already know to succeed as an investor.

Personal Finance Books:

    

The Millionaire Next Door : An eye-opening book that shares 7 key traits found in interviews with millionaires. Spoiler alert – they don’t live how you’d imagine a “rich” person to live.

I Will Teach You To Be Rich : I enjoy this book (and his blog) because of the authors bold, somewhat sarcastic tone. The book is aimed at a younger demographic rather than someone looking to get their family’s finances together. However it’s still jam-packed with extremely solid advice to get your financial life on the right track.

Secrets of a Stingy Scoundrel : A hilarious book that illustrates how to save money more by working the system than by conventional ways. The advice should probably be taken with a grain of salt, but its an entertaining book with a different outlook on personal finance if nothing else.

The Richest Man in Babylon : A classic personal finance book that reads like a novel. The author uses stories set in ancient Babylon to teach seemingly simple money lessons we all should know. It’s a great read that wont make you feel like you’re reading a finance book at all.

Your Money and Your Brain : If you’ve ever wondered how smart people can make some really stupid money decisions this book will show you why. An entertaining read about the psychology of money, this book is worth a read just for all the experiments and tests the author subjected himself to write it.

Financial Independence & Entrepreneurship:

    

The 4-Hour Workweek : One of my favorite books, The 4-hour Workweek introduces us to the concept of “lifestyle design” – planning what you want to be doing with your life and finding ways to get there outside of the 9-5 routine. Tim Ferriss shares his own experiences putting the practices he describes to work all while inspiring you to get out and do the same. I highly recommend this book.

The Millionaire Fastlane : As in The 4-Hour Workweek, The Millionaire Fastlane points out that slaving away in a regular 9-5 isn’t the best way to reach true financial independence. Author MJ DeMarco provides some unconventional advice on how to take charge of your financial life to achieve the freedom we all strive for.

Work Less, Live More: The Way to Semi-Retirement : I found Work Less, Live More to be a bit more practical version of The 4-Hour Workweek. The author focuses on the concept of Semi-Retirement rather than leaving the traditional workforce as a whole . Regardless of age, if you’re looking for a path to transition from the workforce to an almost retired state. This book is for you.

Psych Yourself Rich : A personal finance book that focuses on getting you to change your money mindset.  Psych Yourself Rich will show you how to build financial discipline and plan to grow your wealth on your own terms.

Crush It! : Did you ever wish you could turn a hobby into a job? Well, in Crush It! Gary Vaynerchuk will show you how to do just that. If you have any interest in becoming an entrepreneur this should be one of your first reads.

People/Other:

    

The Snowball: Warren Buffett and the Business of Life : If you have any interest in investing, Warren Buffett is a man you need to know. For this book he gave author Alice Schroeder complete access to him for countless hours of interviews.  The result is the best book on Buffett that we’ll ever get. Detailing both his personal life and business career this book is a fascinating profile of one of the richest men in history.

Steve Jobs : An amazing profile of one of the most successful entrepreneurs ever. Steve Jobs is an icon of imagination and innovation. He put nothing off-limits for this book, which is an extremely honest account of his life.

Jack: Straight from the Gut : Jack Welch worked his way up from an engineering position to become the CEO of General Electric. He’s recognized as one of the most successful CEO’s of all time. Learn how he went from being an average working class man to one of the wealthiest men in the country with this book.

The Big Short: Inside the Doomsday Machine : One of the best books chronicling the 2007-2008 financial crisis. Michael Lewis delivers a straightforward, fast-paced account of the events that led to the market meltdown. This is another one of my favorite books. I think I finished the entire thing in 2 days. I very highly recommend it!

The Poker MBA: Winning in Business No Matter What Cards You're Dealt : As an avid poker player this book is dear to my heart. Outlining how the skills used to succeed at the poker table are the same skills used to succeed in business. The strategic thinking and quick decision making outlined here is what you need to be a success in just about any field.

So, there you have it! It’s important to note that no one finance book, or website for that matter, holds the key to your financial success. However any bit of useful information you can get will help. Let me know what some of your favorite personal finance books are in the comments below, I’m always looking for some new reading material!

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One Response to Personal Finance Books -The Complete Guide

  1. Dont forget about Your Money or Your Life. That is one of the best books about financial independence. I just wish I had found it earlier. Great list! I’ve read 8 of them.

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