Managing money correctly is as much of a task as it is an art form. It isn’t something you simply learn overnight but knowledge that you build over time, through trial and error. These books, however, save you a lot of the leg work and reveal expertise from those who have learnt the hard way.
This is a sensible, down-to-earth, pragmatic approach to paying down debt and building passive income. This book provides sound teaching and practical guidance for learning how to manage finances and invest in your future. If you are ready to move out of financial bondage and into financial freedom, then Money Matters will provide you with hope and positive direction while building your faith and increasing your ability to walk in generosity.
The best part was the template for breaking down your expenses, daily needs and savings. It seems to take about 90 days to really get the hang of it but you really start to see progress.
“Practically Independent: Practical Advice to Become Financially Independent is a no-nonsense guide to help you take control of your finances, full of practical advice that you can use to immediately improve your finances. The book outlines the strategy I have used to escape living paycheck-to-paycheck, lower the cost of my debt, get paid for having money, and protect what I have built.
Inside the book are tools, tips, and guides to help you manage cash, manage credit, manage investments, and manage risk.
If you are looking for a get-rich-quick scheme, this book is not for you. On the other hand, if you are looking for a practical approach to take control of your finances with real-world advice that you can start implementing today, then this is the book for you.”
Redefining Family Wealth: A Parent’s Guide to Purposeful Living is a step-by-step guide to build wealth in alignment with your personal and spiritual values. Readers walk away with a clear vision for their lives and tangible actions to support that vision. Living richly isn’t reserved for the rich (monetarily speaking). This book offers plenty of suggestions to enhance your financial well-being. Additionally, the book asks you to look beyond self-interest, contemplating how your unique talents can be used for your family and the greater good. Author Deborah Meyer is the owner of WorthyNest, an independent advisory firm dedicated to helping parents build wealth.
Retire Before Mom and Dad isn’t just for the twenty-somethings looking to do it easier than their parents. Rob Berger, deputy editor of Forbes, wants to change how anyone approaches money. Right off the bat, he fires away at classic money myths we all live by, the Five Lies as he calls them. Through real life stories and simple math, he demonstrates why anyone, regardless of income, has financial freedom within their own power. Berger demystifies some of the best approaches to wealth-building, including investments, savings and the Money Multiplier. This is the book you want to hand your sister starting her first post college job or nephew who needs to get a grip on his finances.
“This is a very simple answer for me, and if fact should almost be required reading to graduate high school! Christine Benze is the head of financial planning research at Morningstar, has done detailed analysis and her advice is rooted in research.
We need more women to look to individuals who have the academic background and research to back up their advice. It is very confusing to consumer to see entertainers marketed as real financial planning.”
It’s perfect for someone starting out getting their finances under control who doesn’t want to spend hours researching. His process involves setting up as many savings vehicles as possible via automation to keep you from needing to constantly think and monitor savings and wealth building.
This book is a classic and essential for anyone who is ready to get out of debt. Dave’s process is the 7 baby steps that take you from a starter emergency fund all the way through becoming a millionaire. The Debt Snowball process in this book uses smaller wins to compound and reinforce your desire to stick with it.
This book focuses on simple strategies that anyone can use to become wealthy or more financially secure. It dismisses the idea that most millionaires live in fancy neighborhoods and drive luxury automobiles. It instead suggests that if you live within your means and invest well, that you too can become a millioinaire.
Ramit focuses on four main pillars necessary for being rich: banking, saving, budgeting, and investing. He doesn’t focus on cutting minor cost because these don’t add up to major wins across time when compared to learning how to earn more at your job, how to begin investing early, and how to track where your money goes. To improve something, you must be able to define it, measure it, and then work to grow it. Ramit’s book provides the necessary know how to accomplish this for your wealth.
Financial Freedom provides useful tips for the average American to utilize to take control of their financial lives. It’s written by a 26-year-old who’s personally overcome over $23,000 in credit card debt and now owns a home in Austin, Texas. He breaks down numerous topics that the average American can benefit from and apply right away to their own lives. It’s easy to read and relate to and will help from day one.
This is my personal favorite among personal finance books. The reason it’s an excellent book is because a no-nonsense investing strategy that will help readers maximize their wealth. At the same time, the strategy is indeed simple, which makes it easy to follow.
I like this book because it focuses more on the philosophical. As those in the personal finance community know, mindset and psychology are almost as important in personal finance as the numbers are. Vicki talks about making a dying, which is the idea that those of us working the 9-5 are forfeiting precious time rather than doing the things we love.
Given your target audience, this book is perfect for your list. This book lays out the steps women need to take in order to go from average-income works to six figure workers. In a time when wage inequality still exists, this is especially valuable.
“Written in 1926, this book is a well known and much loved classic in the personal finance genre.
Set in Ancient Babylonia, it tells the story (or parable) of the richest man in Babylon. How he initially failed financially, but then learned the secrets to creating, growing, and preserving wealth.
Because it is written in this fictional style, the lessons are clearer and more memorable. They are easier to apply to one’s own life.
With endorsements from the likes of Tony Robbins and Jim Rhon, you can be sure this book is going to benefit you too!”
Kids Who Bank is founded by Jatali Bellanton, a woman that saw the need for children to learn about financial literacy from a young age. We believe that in order to create future financially stable leaders, they must learn things such as balancing a checkbook, budgeting, wants vs needs, stocks andmore at a young age!
A lack of basic financial knowledge and poor habits can bleed from our bank accounts into our emotional well being, causing a whole host of new and compounded issues. A recent headline by the National Endowment Financial Education states, âMajority of Americans Aim to Strengthen Focus on Financial Well-Being in 2019â, so we know there is a problem. Addressing the need for improved financial literacy is where the heart of this book beats. Humorous and easy to follow lessons in saving and basic investing make learning a breeze.
Dave Ramsey has authored seven best-selling books on personal financial management, and he’s a highly regarded commentator on a wide variety of money matters. In this comprehensive, easily digested book (331 pages long), readers will learn about the financial skills required for personal economic success in the 21st Century. Dave covers topics such as budgeting, saving, investing, and dramatically reducing debt, while also teaching readers about insurance, emergency funds, and the nuts & bolts of mortgages. In summary, this is an excellent foundation for novices just learning about the economic world in which we live.
Women are the family matriarch and manage all of life’s challenges with our “survival instincts.” Every American family is one major medical event away from stress and potential financial strain. According to the CDC an average American man will live to age 76, while the average woman in America will live to age 81. Women tend to live healthier lives without a major disease or injury according to the WHO (World Health Organization). America’s healthcare system is broken and there is no incentive change for medical providers and insurers – skyrocketing healthcare costs. Women need to know and understand the medical billing process and medical systems. Medical Bill 911 provides all of the information for the average person to have a “working knowledge” of medical billing. Every American has medical bills and women the icons of family management.
American graduates now hold $1.5 trillion of student loan debt, more than all other debt except home mortgages. The average 2019 student will be burdened with nearly $40,000 upon graduation. This book is an excellent source of information to help students and graduates eliminate their student loan debt. It is paired with an online calculator tool that helps students customize repayment solutions through a simple process I sued to help my wife eliminate $150,000 in student loan debt in less than 5 years.
The $100 Startup by Chris Guillebeau has two key themes: freedom and value. Freedom is what we’re all looking for, and value is the way to achieve it. The concept of having your own startup is the ultimate form of freedom according to Chris Guillebeau. He discusses different lessons on the road to beginning your own startup. With a focus on small “micro-businesses”, this book has plenty of tips and advice for every step of the journey.
The $100 Startup by Chris Guillebeau has two key themes: freedom and value. Freedom is what we’re all looking for, and value is the way to achieve it. The concept of having your own startup is the ultimate form of freedom according to Chris Guillebeau. He discusses different lessons on the road to beginning your own startup. With a focus on small “micro businesses”, this book has plenty of tips and advice for every step of the journey.
“A Mille nial’s Guide to Life on a Budget, as one of your books for personal finance.
My story begins in 2014, when my husband and I earned just $16,000, and that included me cashing out my 401k. I use my background as a nurse, frugal mom, and eco enthusiast to make the transition to a healthy and sustainable lifestyle on a budget less daunting, and empower people to be able to make positive changes for themselves.
My tips are easy, affordable, and understandable. People finish reading my book with knowledge, encouragement, and the tools they need to create the life of their dreams.”
This book shows ordinary shoppers how to become extraordinary investors. You can pick great stocks using the same skills you use when you go shopping. Also includes sections on investing into property for maximum gains, plus the Economic Clock. Simple enough for a 15-year-old to understand, with enough wisdom to last a lifetime. The only book which carries a money-back guarantee.
This book taught me how to prepare for non-monthly expenses and break them down to save over time, instead of coming up with a big chunk of money all at once. It also taught me how to use a great budgeting app that has saved countless hours and stress that used to come from budgeting and tracking expenses on paper and spares the hassle of juggling multiple savings accounts. Thanks to the book and app, I’ve become a die-hard budgeter! This book is like a favorite movie I can watch over and over.
Empowering! This book taught me why money can be taboo, stressful and mind-boggling, when it’s only a tool that can better our lives! It provided a different way of thinking; to face a struggle I couldn’t afford and make it a challenge I wanted to overcome. I felt like the author was talking directly to me, saying, calm down and we’ll figure this out.
With Budgeting 101, you can start saving now. This clear and simple guide provides tons of practical advice for keeping track of your finances. With useful tips on setting financial goals, reducing debt, finding ways to save money, and creating and following a budget plan, you’ll have your dollars and cents under control in no time.
This book inspires and equips anyone with hopes for a better financial future. Tony Bradshaw shares the principles and actions he applied during his journey to becoming a millionaire to reveal how, with the right financial knowledge and choices, anyone can become a millionaire.
Best book for those who are new to the world of finance. Do you want to learn about managing money? It’s beginner to intermediate level personal finance book, if we take this book to that context. The other plus point is the fairly short finance book. It only take a few hours to read but gives some solid points and strong ideas. There are no gimmicks or quick schemes with valuable advice and amazing knowledge. The concepts in this book are very simple, and if you learn them, you will have financial independency.
The timing couldn’t be better for this much-needed book. One of the largest generations in U.S. history – the baby boomers – is facing a host of issues that could require adult children to become actively involved in their parents’ financial lives. Mom and Dad, We Need to Talk walks adult children through the process of having conversations with their parents about their finances, estate planning and long-term care so they’ll be prepared to step in if their parents every need their help. It offers tips on starting the conversation, details about the information that needs to be gathered and advice on how to get through to reluctant parents.
For decades, the financial services industry has sold risky investments, claiming that this was the only path to large gains. But this strategy is highly vulnerable to big losses that can devastate your portfolio.
Today, there’s a better approach. It combines the latest academic research in finance with the new ultra-low-cost index funds (exchange-traded funds). The result is an approach that provides market-like returns with dramatically smaller losses and requires only 15 minutes a month or less.
Muscular Portfolios lays out the basic principles of this kind of investing so you can manage your own money successfully – without turning it into your second job. Investigative journalist Brian Livingston takes you behind the curtain of Wall Street and lays out a game-changing approach to investing: Muscular Portfolios, which are easy-to-use financial strategies you can set up yourself, even if you have no investment experience at all.
Filled with helpful illustrations, compelling evidence, and simple, no-nonsense instructions, Muscular Portfolios is a resource, not a sales pitch. There are no financial products to buy, no secret formula to pay for. Everything is fully disclosed in bite-sized steps – and on a totally free website – that you can start using today to grow your wealth.
Driven by cutting-edge investment research and backed by extensive market testing, Muscular Portfolios will revolutionize investing for families and individual investors.”
Sometimes the best way to stick it to the man is by doing well for yourself. There’s just one problem: it’s hard to do well for yourself when systemic oppression has placed innumerable hurdles between you and your aspirations. The Feminist Financial Handbook provides real motivation and resources for real women who may be struggling – not only those who have already accumulated wealth. In this book, author Brynne Conroy provides actionable tips for women in business to overcome these obstacles without dulling the visceral experience of the real-life struggles women face as they try to master their money management and their lives.
Because women’s experiences don’t exist in a vacuum relegated to their gender, the handbook explores financial issues with anecdotes and perspectives of women of different races, sexual orientations and abilities. Whether you want to learn more about general financial planning principles, like saving or earning a higher income, or delve into issues that disproportionately affect women, like the wage gap or the long road to economic recovery after experiencing domestic violence, TheFeminist Financial Handbook has stories and advice from women who have been there, worked through the struggle, and achieved personal success.
Money Hacks Handbook by Maria Llorens and Hugo Villabona Life is expensive. Rent. School. Gas. Dates. Breakfast. Alcohol. It just seems like all the best parts of life come with a price tag. Well, not anymore!…Sort of. While things will always cost money, there is a way to make it work for you. Money Hacks Handbook will solve all your worries about budgeting, investing, and all things involving money management. This is the definitive book when it comes to our fiscal needs. Overflowing with how-to illustrations, infographics and heavily researched insight on everything that requires a credit card, Money Hacks Handbook will make it so you never have to worry about being evicted again.
Loans should be straightforward, but unfortunately, student loans are complicated. If you are one of the 70% of college graduates with student loans, Student Loan Solution has financial advice for you. Those who have student loans, especially those with a lot of student loans, need to approach their finances differently than those who do not have student loan debt. Student Loan Solution explains what student loan borrowers should be focusing on when it comes to their finances, above and beyond managing their student loan debt. Additionally, it shows borrowers how to take advantage of strategies that help them make more money, save more money, and ultimately pay down their student loans faster. By the time you are done reading Student Loan Solution, you will understand your student loans, gain control of your finances, and be armed with strategies to improve your finances and, ultimately, your life. For millions of Americans, paying for college meant taking out loans. Fight the student loans epidemic affecting 40 million borrowersâlearn the best way to pay off the college degree you worked so hard to earn.