So what exactly is financial literacy? The widely accepted definition is that financial literacy (or financial education) represent a set of skills and knowledge about financial, credit and debt management that allow a person to make financially responsible decisions. Of course, like Robert Kiyosaki (author of Rich Dad, Poor Dad) says, in real life, the answer to the question What is financial literacy? depends a lot on who you’re asking. For some, it means learning how to save money or use a credit card responsibly. For others, it means learning how to manage a retirement account or invest in the stock market. Regardless of which one of these answer resonates with you, we can all agree that financial education is crucial for avoiding high levels of debt and also for securing the ability to provide for the future. This might sound like basic stuff for some, but it’s not. Surveys all across the world revealed that people make poor financial decisions in both emerging economies and developed economies. Also, if you think that highly educated consumers with higher income are more financially educated, you’d be wrong. For example, four in ten Americans don’t plan for retirement at all. So why is this happening? I mean, for some it might be common sense that you need to take care of your spending and plan for the future. But apparently, it’s not common sense for everyone. And one of the main culprits is the lack of financial education in schools. All across the world. The same surveys showed that financial education is still an issue in a lot of countries in Europe, North America, Australia or Asia. And this brings us with the most important question. How do you get yourself to be financially educated? Well, the first step would be to be taught basic financial education principles by your parents. If you weren’t lucky enough to have that, you need to educate yourself. And probably the most accessible way to do that is...guess what? You’re right, reading books. Most important, the best financial literacy books you can find. There are countless books on financial education and making a list of „the best ones” wasn’t easy. But we think we came pretty close. And, as usual with our book lists, all of the books mentioned here were recommended by dozens of entrepreneurs. So, hope you find these books useful and don't forget to drop us a line if you read any of these books or if there are any books you think we should've mentioned here.