My Favorite Personal Finance Books

There is no doubt that the best personal finance books can make a great resource. What you read about finances can change the way you think about — and interact with — money. Everyone has their favorite personal finance books, but I’d like to share my favorite 10 with you:

The Millionaire FastlaneThe Millionaire Fastlane – This book, by MJ DeMarco offers some straight talk about getting rich. I really enjoyed how he points out that working away slowly at a traditional job is not the way to find financial freedom now. The Millionaire Fastlane offers somewhat unconventional advice about taking charge of your income to achieve financial freedom.

The 4-Hour Workweek – While I don’t agree with everything in this book, I still really like Tim Ferriss’ ability to share a vision — while encouraging you to create your own. The 4-Hour Workweek popularized the idea of “lifestyle design” and really helped me to see that I can arrange my life the way I want to, with a little help from some practical finances.

The Intelligent Investor – A classic by Benjamin Graham. Get the updated version, and you can enjoy thoughts from Jason Zweig and Warren Buffett. Learn the basics of value investing, if that’s what you’re into. I enjoy this book for its ability to shed light on building a solid investing foundation.

Generation EarnGeneration Earn – Kimberly Palmer writes a practical book for those of us who are considered “young professionals” (although I’m rapidly moving out of the “young” category). Generation Earn is guide to boosting your earning power, and making smart decisions with your money now. Includes essential information on giving back, as well.

Money Girl’s Smart Moves to Deal with Your Debt – Laura Adams provides a helpful book all about dealing with your debt, and getting rid of the financial drag it puts on your life. I like that it’s straightforward, with practical application in daily life.

Psych Yourself Rich – Farnoosh Torabi has created a book that focuses on changing your money mindset. It’s about building financial discipline, planning and figuring out what’s important to me. I like how this book challenges the reader to decide how to set financial priorities.

Enough by John C BogleEnough – Investment guru John Bogle looks at the reasons we ended up in financial trouble as individuals and an economy with the financial crash of 2008. The reason? Excess. Bogle examines what constitutes “enough”, and explores how excess in any number of areas from debt to CEO compensation to speculation contributed to the situation we find ourselves in.

Your Money: The Missing Manual – You know who J.D. Roth is. Now read his book about money. It’s a simple book, covering the basics of the money decisions you will have to make throughout your life, and helping you establish firm financial footing.

Oblivious Investing – Mike Piper has created an easy-to-read guide to investing. It’s an engaging book that focusing on investing for the long haul, providing practical insights.

Secrets of a Stingy Scoundrel – One of the most enjoyable personal finance books I’ve every read is this one by Phil Villarreal. It goes through some items that you probably wouldn’t do to save money — and some that you might actually consider. A hilarious treatise on saving money by any means.

Making MoneyBonus: Making Money – My favorite book about money is actually a work of fiction. Terry Pratchett offers a strikingly accurate look at the way money moves through our economy in this financial satire of a con man turned banker.

For even more books, see this list of the best get out of debt books.

What are your favorite books about personal finance?

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Last Edited: February 15, 2012 @ 10:06 pm
4 comments
Sharon
Sharon

I've recently published a personal finance e-book and would be interested to hear how it stacks up against these favorites. In it, I compare the journey to financial health to a long-term program like Weight Watchers, a lifestyle change and attitude adjustment rather than a crash diet.

Sharon Marchisello

Live Cheaply, Be Happy, Grow Wealthy

BillGuard
BillGuard

These are all fantastic books. Farnoosh Torabi's emphasis on cultivating the right mindset is critically important. The basic, how-to advice that Mike Piper and Laura Adams give is also invaluable. 

20 and Engaged
20 and Engaged

I read 4 Hour Workweek and Generation Earn. I'm reading The Simple Dollar, and then I have Psyche Yourself Rich and Dave Ramsey's Total Money Makeover. I'll add the other titles to my list too!

No Debt MBA
No Debt MBA

I really enjoyed the Intelligent Investor. Though dense at times it's a really well thought out and thorough book.

My favorite book, though, has to be Your Money of Your Life. That book made a big impact on the way I think about personal finances more so than any other book I've read.