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Best Personal Finance Books: Learn the Perfect Ways to Grow Your Wealth

best personal finance books

Last Updated on: 14th November 2022, 09:18 am

No one wants to remain poor! But how do you beat the trend to join the millionaire club? Here are some of the best personal finance books to guide you towards achieving just that.

Best Personal Finance Books: Learn the Perfect Ways to Grow Your Wealth

Whether young or old, anyone desires to move to the next higher level financially. But, despite the urge to grow, it’s never easy as it sounds. There must be a well-laid plan and strategy to enable growth. That’s why you need as much financial knowledge under your sleeves as you can master.

So, where can you get the perfect financial insights? Well, in a market bombarded with a lot of materials, we have gone the extra mile to collect just the best personal finance books for you. These books will always have something new for you, whether a novice or a veteran in the financial field.

Top Personal Finance Books for Beginners and Experts

Here is the list of the best financial books that you should read:

The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham

This classic book by Benjamin Graham is the first one on our list of best personal finance books. As a best seller on Amazon, with a 4.6 stars rating, this piece is a favorite to many people.

Graham is one of the greatest financial and investment advisors of all time. His teachings have become wealth-building pillars to some of the wealthiest individuals of the 20th century. In this book, the “value investing” philosophy by Graham makes it the perfect and most comprehensive stock market guide since its first publication.

The philosophy helps to shield investors from “substantial error,” as well as teach them how to develop long-term strategies. If you want to make the soundest investment decisions that guarantee minimal loss or optimal profits, this investment book might be just what you need.

Since its publication in 1949, market dynamics and developments have clearly proven the validity and wisdom of the author’s strategies. This revised edition of the book has maintained all of Graham’s original strategies while including updated observations and commentary by Jason Zweig, a renowned financial journalist.

If you are looking to reach your financial goals, then this is a must-have book in your library.

The Ultimate Retirement Guide for 50+: by Suze Orman

In this current world and age, making money is not enough – being able to make your money last even after you stop working is the ultimate goal. If you can maintain the money you make during your youthful days, your retirement days might be full of financial uncertainties. That’s why this book by Suze Orman is one of the best personal finance books for Millenials.

The author compiles some of the best strategies to make the money that you make last for a lifetime. The book gives you a well-thought-through guide on how to manage the money you make and save. Suze Orman, one of America’s most renowned finance experts, has been offering actionable financial advice for years.

This book offers you the best retirement advice and tools to ensure that you are financially stable in your old age- when working is not an option. Through the book, you will be able to overcome all your fears and anxiety to accomplish your financial goals and dreams. It is the ultimate, step-by-step guide towards a blissful retirement life.

The Millionaire Mind by Thomas J. Stanley Ph.D. and William D. Danko, Ph.D.

Learning about the current millionaires can be a great start towards your journey if you want to become one. Understanding how they got to become millionaires is even more important. The Millionaire Mind is a book that helps you understand the strategies and the path that millionaires follow to reach where they are today.

The best thing about this book is that the authors did a comprehensive research on actual millionaires to acquire first-hand facts. Unlike many writers who use circumstantial and conjecture evidence, the authors of this book use hard facts from the horses’ mouths. In this book, you will learn exactly how to become a millionaire through some tested and proven tactics which have borne actual results.

  • Some of the lessons you find in the book include:
  • Factors that made these people wealthy in a single generation
  • Parts that luck and education played in creating their wealth
  • How millionaires master the courage to take huge financial risks
  • How to find your perfect inclination
  • Ways how these millionaires run their families etc.

The book shows you just how to align your mind into thinking on the same wavelength as the millionaires. If you are to become one of the pack members, you must think like them. This is typically the best finance book for young adults.

A Beginner’s Guide to the Stock Market by Matthew R. Kratter

If you a rookie in the stock market, then this might be just that perfect start you are looking for. This book offers a comprehensive guide on how to start making money in the stock market.

This beginner’s guide is an excellent investment to help you acquire the best stock market insights – to avoid gambling with your hard-earned money. Some of the valuable lessons you’ll learn in this book include:

  • The smart and easy way of growing your money
  • The perfect sites to open your brokerage account
  • Best way to make your first stock purchase
  • How you can create a passive source of income from stocks
  • The inside tricks professional traders use
  • Trading momentum stocks
  • Things to avoid when buying stocks
  • Picking stocks like an expert etc.

So, even if you know nothing about trading in stocks, reading this book will ensure that you start investing and trading like a pro. It compiles insights that will help you join the smart traders and investors’ club. Get this stock market ultimate guide today, and be sure to have the best personal finance book for wealth creation.

Rich Dad Poor Dad by Robert T. Kiyosaki

Although it’s been over 20 years since it was first published, this 4.7 stars rated book in Amazon is still one of the best personal finance books of all time. The book is all about the different money teachings that rich people teach their kids, which the poor or middle-class people don’t. The book is more of a memoir containing incredible money lessons.

In the book, the author tries to walk the readers through his childhood memories, to depict a contrast between his dad, (not wealthy) and his friend’s dad (one of the wealthiest people in Hawaii at the time). This comparison sheds light on the best way to manage your finances, both when you have plenty and when you don’t, as well as guiding your kids on the same.

As per the author’s views, not every debt is bad debt. Also, he clearly shows in the book that you can easily create great wealth without enjoying much income. The revised edition of the book is quite enjoyable with even more insights as it compares the current life and that of 20 years ago.

The Total Money Makeover by Dave Ramsey

Are you tired of the numerous get-rich schemes that we see every day, and that promise you the world but leaves your pockets empty? Do you want a genuine and proven way of creating wealth? Well, Dave Ramsey offers just that chance for you.

If you want to add to your shelf another of the best books on personal finance, then “The Total Money Makeover” is an incredible choice. In this book, Dave provides tested and proven strategies that will help you streamline your expenses and grow your account balance.

This book offers some of the surest ways that enable you to guide your finances in the right way. It is no wonder whenever Dave starts a topic on money and finances; everyone sits quietly to listen.

The personal finance insights he offers are worth listening to. He is also the author of four other “New York Times bestsellers.”

  • And after reading this book, you will have the right knowledge to:
  • Identify some of the most dangerous myths about money ( that kill many investments)
  • Formulate a solid plan for tackling debts
  • Create a vast and fat financial basket for your retirement and emergencies

For sure, the book is not a “get-rich-quick-scheme,” but if you follow the book’s contents well, you can be sure to be more than just rich- you will create incredible wealth. The book is incredibly helpful for those with debt issues. It is the perfect guide for debt management.

The Automatic Millionaire by David Bach

If you are looking for a detailed plan to get rich, then you must consider owning a copy of this incredible piece. It is another excellent personal finance book for Millenials.

The book is a top-rated 4.7 stars piece in Amazon, and not without a good reason. It is a straightforward book offering the best wealth creation strategies without unnecessary details.

This “Powerful One-Step Plan to Live and Finish Rich” offers everything it promises – a detailed plan to think and invest like a millionaire.

At first glance, the book reads more like a fictional piece with a success tale of a couple. This couple, despite having a modest income, they nonetheless own substantial retirement savings, as well as two fully paid homes.

With this couple as a reference, David lays down a simple single-step process to enable you to achieve this couple’s financial status. If your desire is to grow your wealth most automatically, then “The Automatic Millionaire” is your weapon.

Conclusion on Best Personal Finance Books

Although not easy, creating, and maintaining wealth can be simplified by acquiring the right information. For you to have what it takes to achieve your wealth creation goal, you must then be ready to read more and more.

This list of the best personal finance books is just what you need to make the right financial and investment decisions. Pick the ones that suit your goals and start your journey of becoming rich.

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