A collection of personal finance books* that anyone from a beginner that’s just starting out in their career, to the person that’s ready to hang it all up and retire, can learn from.
* I’m only recommending books that I’ve personally read. If I’ve not read it, or if I didn’t like it, I won’t recommend it.
- The Richest Man in Babylon. A favorite of almost everyone that reads the book, it was originally written in the early 20th century as a collection of pamphlets that were left in banks. These parables have been combined into this book and are easy to read and understand. This is is personal finance 101 and reinforces the formula for getting rich quick: Spend less than you earn. Invest the surplus. Avoid debt. (I personally own this book)
- The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life. An easy read for those who feel overwhelmed by the stock market. This book explains why the simple approach to investing is the best approach. (I personally own this book)
- Your Money or Your Life. 9 steps to transforming your relationship with money and achieving financial independence. This book gets credited for completely altering the path of many lives. It might be the best personal finance book you’ll ever read. (I checked this book out from the library)
- Stumbling on Happiness. While not a “finance book” per se, it has the potential to help chance the course of your life. In a nutshell this book teaches you how you pretty much suck at predicting what is going to make you happy, so stop it. That said, you’re pretty good at knowing what won’t make you happy, so you should avoid those things. Eliminating the crap that makes you unhappy will make you happy! (I checked this book out from the library)
- The Simple Path to Wealth. The Simple Path to Wealth takes a topic that, for many, can be scary, complicated, and frustrating and reduces it to an easy-to-understand idea that the reader is excited to embrace.The book, originally written as a series of letters to the author’s daughter, draws on real life experiences, common sense ideas, and humor to show the reader a simple way to obtain, grow, and maintain wealth.
The book should be considered required reading since it provides a foundation of solid financial knowledge that anyone could use to get their financial house in order.