I love to read all sorts of different kinds of books- fiction and non-fiction. One of my all-time favorite topics to read about is personal finance. When I started getting out of debt 6 years ago, I would read finance books to motivate me to keep going and pay off as much as I could. I still find this practice to be inspiring and practical even after paying off debt to help me reach my other money goals.
Here are a few of my favorite personal finance books for anyone looking to focus on improving their financial situation. Whether you’re trying to get out of debt, build up savings, or start investing, there is something here for everyone.
- Total Money Makeover: I’ve listened to this on audiobook multiple times and it’s a great step by step guide to changing your relationship with money. It takes you through digging out of debt, budgeting, saving for emergencies, and building wealth. All of Dave Ramsey’s books, podcasts, and tools are fantastic resources for anyone wanting to change their financial situation.
- Millionaire Next Door: This book was written after a compilation of research and interviews with millionaires (these are people with a million dollar net worth’s, not making a million dollars per year). It all about how the typical millionaire doesn’t buy fancy things, own luxury cars or look anything like you’d expect. They are everyday people, living below their means.
- The Automatic Millionaire: This was one of my most recent reads and I thought it was great. This book inspired me to increase my retirement contribution and I’m so happy that I made that change! This book is about the power of automating your savings to set you up for success.
- You are a Badass at Making Money: This was such a fun read! It’s so practical, inspiring, life-changing, and really funny. This book focuses a lot on the way your mindset and fears relate to reaching your money goals.
- The Millionaire Fastlane: I love this read because it’s a lot more aggressive. It puts getting a job and saving 10% of your income to bed. You just can’t make drastic progress that way. It hits on the fact that this road is not easy and there is a lot of sacrifices, and sometimes, risks involved.
- Your Money or your Life: This book is a great overview of everything personal finance related. I also like this book because it also ties in how your lifestyle and money management go hand in hand. It talks about getting out of debt, saving money, budgeting, simple living, investing, resourcefulness, and a lot more!
These past few months I’ve been reading a lot of fiction, but now I’m feeling the itch to check out another finance book! Do you have a personal finance book you recommend? Comment below! =)
“Change is painful. Few people have the courage to seek out change. Most people won’t change until the pain of where they are exceeds the pain of change.” – Dave Ramsey, the Total Money Makeover
Thanks for Reading,