10 Best Books For Keeping On Top of Your Finances
Keeping on top of our personal finances is a skill many of us struggle to master. It’s easy to accumulate debts, it’s much harder to get rid of them. The following books will teach you everything you need to know about not only bring dent under control, but how to make investments in your future!
1. The Behavior Gap by Carl Richards
As a financial planner, Carl Richards grew frustrated watching people he cared about make the same mistakes over and over. They were letting emotion get in the way of smart financial decisions.
He named this phenomenon-the distance between what we should do and what we actually do-“the behavior gap.” Using simple drawings to explain the gap, he found that once people understood it, they started doing much better.
2. The Investment Answer by Daniel Goldie and Gordon Murray
What if there were a way to cut through all the financial mumbo-jumbo? Wouldn’t it be great if someone could really explain to us–in plain and simple English–the basics we must know about investing in order to insure our financial freedom?
Jargon-free and written for all investors–experienced, beginner, and everyone in between–The Investment Answer distills the process into just five decisions–five straightforward choices that can lead to safe and sound ways to manage your money.
3. You’re So Money by Farnoosh Torabi
Finally a savvy, realistic finance book for those of us who love our Starbucks mocha lattes and Razr cell phones but don’t want our Jimmy Choo shoes or Bose headphones buried under a pile of burgeoning debt. Twenty-something financial reporter Farnoosh Torabi tells you that you can satisfy your sophisticated tastes and achieve financial bliss.
The key: prioritizing your expenses according to what you want the most—splurging when you can and saving on other things.
4. Rich Dad Poor Dad by Robert T. Kiyosaki
Rich Dad Poor Dad, the #1 Personal Finance book of all time, tells the story of Robert Kiyosaki and his two dads—his real father and the father of his best friend, his rich dad—and the ways in which both men shaped his thoughts about money and investing.
The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
5. Debt-Free by 30 by Jason Anthony and Karl Cluck
Are you limping towards the big three-oh one minimum payment at a time? Are you “on your own” but still asking your parents for cash each birthday? Do you crumple up your ATM receipts to avoid looking at the balance? Are friends in the same income bracket beginning to pull ahead of you?
If you’re young, smart, and drowning in debt, Debt-Free by 30 offers a practical, step-by-step plan to help rescue you from the financial abyss. Written by two twentysomethings who found their way back from the horrors of overwhelming debt, this authoritative guide reveals the secrets of debt-free living.
6. The Richest Man in Babylon by George S. Clason
Countless readers have been helped by the famous “Babylonian parables,” hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. In language as simple as that found in the Bible, these fascinating and informative stories set you on a sure path to prosperity and its accompanying joys.
Acclaimed as a modern-day classic, this celebrated bestseller offers an understanding of—and a solution to—your personal financial problems that will guide you through a lifetime. This is the book that holds the secrets to keeping your money—and making more.
7. Psych Yourself Rich by Farnoosh Torabi
In Psych Yourself Rich , TV’s newest personal finance star shows how to develop the mindset, discipline, and spirit you need to build a strong financial foundation so you can grow wealth on your own terms, without fear, anxiety, misery, boredom, or even advanced math!
Farnoosh Torabi combines the latest behavioral psychology with real attitude, without lectures! Psych Yourself Rich shows young professionals how to build a healthy view of money, investing, wealth, and aspirations.
8. The Automatic Millionaire by David Bach
What’s the secret to becoming a millionaire?
For years people have asked David Bach, the national bestselling author of Smart Women Finish Rich, Smart Couples Finish Rich, and The Finish Rich Workbook, what’s the real secret to getting rich? What’s the one thing I need to do?
Now, in The Automatic Millionaire, David Bach is sharing that secret.
9. The Total Money Makeover by Dave Ramsey
If you will live like no one else, later you can live like no one else. Build up your money muscles with America’s favorite finance coach. Okay, folks, do you want to turn those fat and flabby expenses into a well-toned budget?
Do you want to transform your sad and skinny little bank account into a bulked-up cash machine? Then get with the program, people. There’s one sure way to whip your finances into shape, and that’s with The Total Money Makeover.
10. Thinking, Fast and Slow by Daniel Kahneman
Daniel Kahneman, the renowned psychologist and winner of the Nobel Prize in Economics, takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical.
The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation.