How you manage personal finance forms the foundation of your future. Do you binge-spend on weekends? Or do you practice the 24-hour rule before buying something? Do you plan your budget down to cents, or do you just wing it and hope that you last till the end of the year?
Some of the best personal finance books are based on identifying meaningful logic when it comes to spending money—some talk about specifically getting richer without unnecessary grinding. You can also find books that help you reorganize your entire individual finance strategy.
No matter what your age, profession, or financial status, these 5 best personal finance books for beginners always have something to teach you. Here are some that you might find useful.
1. Rich Dad, Poor Dad
After being referenced in a ton of TED Talks and motivational speeches, this masterpiece hardly needs an introduction. Rich Dad, Poor Dad, authored by Robert Kiyosaki, was published in the year 1998. The finance lecturer has taken a two-way take on financial planning based on what his two fathers taught him: you can pick the rich dad’s way or the poor dad’s way. You get to decide your trail.
2. I Will Teach You To Be Rich
I Will Teach You to Be Reach, a New York Times Bestseller by Ramit Sethi, takes you through the science behind moneymaking strategies. Whether you’re married with three kids and dozens of grandkids, or you’re just starting out as a fresh bachelor out of college, this six-week plan can help you fix your financial strategies to suit your goals.
3. Women and Money
Third on our list of 5 best personal finance books for beginners is Women and Money. Suze Orman, New York Times’ #1 Bestselling author, has compiled this book to specifically focus on how women navigate their finances. The book explores different ways in which women of different ages and demographics take charge of their financial situation.
4. Think and Grow Rich
Written in the year 1973 by Napoleon Hill, Think and Grow Rich is a one-of-a-kind book that explores how your personal moral and ethical values play a role in determining the future of your finances. It focuses on the ideas like ‘desire’ and ‘consistency’ rather than explicitly talking about financial strategies. A good book if you want some mental stimulation to work on your plans!
5. The Simple Path to Wealth
Penned by JL Collins, this book is one of the best for those who take a more laid-back approach towards their life goals. It’s true that not all people may want to set up big entrepreneurial empires or stay up at night working on their startups.
Instead, many want to be able to take retirement as early as they can without threatening their financial security. If you’re trying to score an early retirement so you can work on your other goals, this book could be pretty helpful.
Dealing with finances isn’t always a cakewalk, whether you’re in rags or are born rich. It takes time to craft a plan that works out just right, but these authors have shared their valuable lessons so you can get there quicker!
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