Whether you are looking for a great present for a loved one this holiday season or just want to learn more about taking control of your finances, any of these ten personal finance books listed below are a great choice. In fact, they should already be on your bookshelf or nightstand. These are the top ten personal finance books that everyone should read.
1. The Total Money Makeover by Dave Ramsey
If you didn’t know that I absolutely love this book, then you don’t read Money Q&A very much. Maybe you are new. That’s okay. It is an incredible book. It is where everyone should start.
It walks you through saving for an emergency fund, getting out of debt, starting to invest, saving for college, paying off your mortgage, and reaching financial peace in your life. You need this book if you do not read any other on this list. Get this book!
In The Total Money Makeover, Dave Ramsey provides readers with his system for seven baby steps to financial freedom that includes paying off your debt, investing 15% of your income for retirement, saving for your children’s education, paying off your mortgage, and living like no other financial peace.
2. The Automatic Millionaire by David Bach
I love David Bach’s book, The Automatic Millionaire! This book is one of the first personal finance books that I ever read. Now almost two decades later, David Bach’s Latte Factor is now a common phrase in our frugality vernacular.
The book shows how anyone can achieve financial success by cutting out unnecessary expenses, paying yourself first with your investments, and set up a simple plan of how you can retire a millionaire and live the life of your dreams.
The Automatic Millionaire is a bestselling classic that has spanned a whole genre of personal finance books that feed off his system such as Smart Couples Finish Rich, The Automatic Millionaire Homeowner, Start Late Finish Rich, and many others.
3. The Intelligent Investor by Benjamin Graham
Benjamin Graham is considered one of the greatest investment advisors of the twentieth century. Graham pioneered the philosophy of value investing which shields investors from substantial error and teaches them to develop long-term strategies and has made The Intelligent Investor the stock market bible ever since its original publication in 1949. Over the years, market developments have proven the wisdom of Graham’s strategies.