Best Financial Literacy Books: 28 Picks Recommended by CEOs

Robert Kiyosaki’s Rich Dad Poor Dad ranks first, built on the idea that financial literacy, knowing an asset from a liability, matters more than salary. George S. Clason’s The Richest Man in Babylon is second, teaching saving and compounding through parables first handed out by banks, and MJ DeMarco’s The Millionaire Fastlane is third, arguing that the slow plan of saving and waiting for markets is a gamble and that wealth comes from building a business.

The list is for anyone who never learned money basics at school or at home and wants to fill the gap: budgeting, debt, saving, investing and retirement. Core books include Dave Ramsey’s baby steps, Ramit Sethi’s six-week program, Eric Tyson’s guide for people in their 20s and 30s, Morgan Housel on money behavior, research on how millionaires really live, Ron Lieber on teaching children about money, and financial independence guides from J L Collins and Kristy Shen.

The related tier adds books mainly about other subjects that still build financial knowledge: an accounting primer, index investing guides from John Bogle, William Bernstein and the Bogleheads, Benjamin Graham’s The Intelligent Investor, Niall Ferguson’s history of money and Think and Grow Rich.

We ranked these 28 books by how many of the 1,088 founders, CEOs and leaders on The CEO Library recommend them: first the 19 books mainly about financial literacy, then 9 related books under Also worth reading.

Rich Dad Poor Dad - cover

1. Rich Dad Poor Dad

by Robert Kiyosaki, Sharon Lechter

Recommended by 30 leaders, including Mohnish Pabrai, Marvin Liao and Yaro Starak

Robert Kiyosaki’s parables of two father figures put financial literacy at the center, explaining assets and liabilities and why a high salary alone does not create wealth. Benjamin Kwan says it clearly showed him what financial education is and why it matters.

See all 30 recommendations and sources

The Richest Man in Babylon - cover

2. The Richest Man in Babylon

by George S. Clason

Recommended by 6 leaders, including Grant Cardone, Daymond John and David Heinemeier Hansson

George S. Clason’s Babylonian parables, first handed out as pamphlets by banks and insurers, teach basic money rules: save part of every wage, keep spending below income and put the surplus to work. Tiffany Aliche says it holds every principle of a sound financial life.

See all 6 recommendations and sources

The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime - cover

3. The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime

by MJ DeMarco

Recommended by 5 leaders, including Ali Abdaal, Nick Loper and Andreas Zhou

MJ DeMarco questions the standard money script of school, job, steady saving and retiring at 65, explaining why 401(k) plans and decades of frugality rarely make anyone rich young. Nick Loper says it explains what it takes to shortcut the traditional path.

See all 5 recommendations and sources

MONEY Master the Game: 7 Simple Steps to Financial Freedom - cover

4. MONEY Master the Game: 7 Simple Steps to Financial Freedom

by Tony Robbins

Recommended by 4 leaders, including Naveen Jain, Yaro Starak and Michael Herrmann

Tony Robbins aims to make complex money decisions simple enough for any income level, condensing interviews with dozens of financial experts into seven steps and debunking common myths about investing. Yaro Starak calls it a great finance book.

See all 4 recommendations and sources

Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required - cover

5. Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required

by Kristy Shen, Bryce Leung

Recommended by 6 leaders, including Grant Sabatier, J L Collins and Brad Barrett

Kristy Shen, who retired at 31, and Bryce Leung teach the arithmetic of financial independence: spend less, build a million-dollar portfolio, protect it from bear markets and draw on it with the 4 percent rule. J.D. Roth endorsed it as a practical, stepwise route to retiring early.

See all 6 recommendations and sources

The Psychology of Money - cover

6. The Psychology of Money

by Morgan Housel

Recommended by 2 leaders: Steven Bartlett and Andrew Huberman

Morgan Housel argues that money skills are mostly behavioral and hard to teach even to smart people, using short stories about ego, pride, marketing and odd incentives to show why financial decisions go wrong. Andrew Huberman says he read it and loved it.

See all 2 recommendations and sources

The Millionaire Next Door - cover

7. The Millionaire Next Door

by Thomas J. Stanley, William D. Danko

Recommended by 2 leaders: Mohnish Pabrai and Ramit Sethi

Thomas Stanley and William Danko’s surveys of what wealthy Americans spend on cars, watches and clothes show that most built fortunes by saving steadily and living below their means, and they offer a rule of thumb for judging net worth. Mohnish Pabrai calls it a fast read.

See all 2 recommendations and sources

Rich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom - cover

8. Rich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom

by Robert Kiyosaki

Recommended by 2 leaders: Sa El and Malcolm Tan

Robert Kiyosaki blames a lack of money education in school for most people’s financial struggles, and maps the move from job security toward financial freedom. Malcolm Tan says Kiyosaki’s books changed his thinking while he was working as a company lawyer.

See all 2 recommendations and sources

I Will Teach You to Be Rich: No Guilt. No Excuses. No B.S. Just a 6-Week Program That Works. - cover

9. I Will Teach You to Be Rich: No Guilt. No Excuses. No B.S. Just a 6-Week Program That Works.

by Ramit Sethi

Recommended by 2 leaders: Cal Newport and Seth Godin

Ramit Sethi teaches the mechanics young earners rarely learn, from opening no-fee accounts and paying down student loans to scripts for negotiating fees and a simple long-term investing plan. Seth Godin says it shows how knowledge and some discipline make people rich.

See all 2 recommendations and sources

The Art of Spending Money - cover

10. The Art of Spending Money

by Morgan Housel

Recommended by 1 leader: Andrew Huberman

Morgan Housel looks at the spending half of personal finance, showing how envy, status and fear distort what people buy and save, and arguing that self-awareness counts for more than spreadsheets. Andrew Huberman calls it excellent.

See all 1 recommendation and sources

The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money - cover

11. The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money

by Ron Lieber

Recommended by 1 leader: Ramit Sethi

Ron Lieber argues that children are hyperaware of money and that parents should answer their questions openly, using allowance, chores, saving and giving to teach patience, modesty and generosity. Ramit Sethi recommends it.

See all 1 recommendation and sources

Personal Finance in Your 20s and 30s For Dummies - cover

12. Personal Finance in Your 20s and 30s For Dummies

by Eric Tyson

Recommended by 1 leader: Miracle Olatunji

Eric Tyson’s guide covers the money basics people in their 20s and 30s face, from student loans and avoiding new debt to budgeting, taxes, renting versus buying and protecting identity online. Miracle Olatunji says it answers the money questions young professionals have.

See all 1 recommendation and sources

The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich - cover

13. The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich

by David Bach

Recommended by 1 leader: Tiffany Aliche

David Bach teaches one habit, paying oneself first through automatic transfers into retirement and savings accounts, through the story of a couple on modest pay who retired at 55 with over $1 million. Tiffany Aliche has recommended it.

See all 1 recommendation and sources

The Simple Path to Wealth: Your road map to financial independence and a rich, free life - cover

14. The Simple Path to Wealth: Your road map to financial independence and a rich, free life

by J L Collins

Recommended by 1 leader: Gunhee Park

J L Collins first wrote these money lessons as letters to a teenage daughter who wanted to understand money without dwelling on it, covering debt, retirement accounts and a plain asset allocation. Gunhee Park names it among books he has enjoyed.

See all 1 recommendation and sources

The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness - cover

15. The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness

by Dave Ramsey

Recommended by 1 leader: Vincent Pugliese

Dave Ramsey turns debt payoff into seven baby steps, from a starter emergency fund through the debt snowball to retirement saving and clearing the mortgage, with worksheets and a list of money myths. Vincent Pugliese counts it among three books that changed his life at once.

See all 1 recommendation and sources

Unshakeable: Your Financial Freedom Playbook - cover

16. Unshakeable: Your Financial Freedom Playbook

by Tony Robbins

Recommended by 1 leader: Dean Roller

Tony Robbins and adviser Peter Mallouk explain market crashes and corrections as normal events, expose hidden fees at large Wall Street firms and show how to get more from a 401(k). Dean Roller hoped it would teach him the best path to compounding wealth.

See all 1 recommendation and sources

Why the Rich Are Getting Richer - cover

17. Why the Rich Are Getting Richer

by Robert Kiyosaki

Recommended by 1 leader: Jack H. M. Wong

Robert Kiyosaki blames schools for leaving even highly educated people poor with money, arguing that debt and taxes favor those who understand them and asking when people will ever learn how money works. Jack H. M. Wong says it explains how the tax system works for the rich.

See all 1 recommendation and sources

Your Money or Your Life - cover

18. Your Money or Your Life

by Vicki Robin, Joe Dominguez

Recommended by 1 leader: Ali Abdaal

Vicki Robin and Joe Dominguez teach a nine-step program, refined over hundreds of workshops, for getting out of debt, saving and spending in line with real priorities. Ali Abdaal credits it with changing how he relates to money.

See all 1 recommendation and sources

You're Not Broke You're Pre-Rich: How to streamline your finances, stay in control of your bank balance and have more £££ - cover

19. You’re Not Broke You’re Pre-Rich: How to streamline your finances, stay in control of your bank balance and have more £££

by Emilie Bellet

Recommended by 1 leader: Helena Morrissey

Emilie Bellet sets out to break the taboo around money and explain financial jargon in plain terms, covering savings, investing, pensions and why financial health ranks alongside mental and physical health. Helena Morrissey has endorsed it.

See all 1 recommendation and sources

Also worth reading

Think and Grow Rich - cover

20. Think and Grow Rich

by Napoleon Hill

Recommended by 16 leaders, including Grant Cardone, Daymond John and David Henzel

Mainly a success manual, Napoleon Hill’s thirteen steps to riches start from desire and organized planning, which he presents as the roots of personal fortunes. Sa El says it teaches that financial success begins with changing how one thinks.

See all 16 recommendations and sources

The Intelligent Investor - cover

21. The Intelligent Investor

by Benjamin Graham

Recommended by 6 leaders, including Warren Buffett, Bill Ackman and Grant Cardone

Mainly a value investing guide, Benjamin Graham’s book teaches investors to tell price from value and to treat Mr. Market’s daily offers as opportunities rather than instructions. Warren Buffett says it supplies the sound framework, leaving readers to provide the emotional discipline.

See all 6 recommendations and sources

Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth - cover

22. Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth

by T. Harv Eker

Recommended by 2 leaders: Lewis Smith and Jochen Siepmann

T. Harv Eker traces adult money habits to a blueprint absorbed in childhood and shows how to spot and revise it, with seventeen Wealth Files on how the rich think differently. Jochen Siepmann names it with Rich Dad Poor Dad as one of his most influential reads.

See all 2 recommendations and sources

Take on the Street: How to Fight for Your Financial Future - cover

23. Take on the Street: How to Fight for Your Financial Future

by Arthur Levitt

Recommended by 1 leader: Warren Buffett

Mainly a warning about Wall Street, Arthur Levitt’s guide helps ordinary savers question brokers, read financial statements skeptically and judge whose interests fund managers serve. Warren Buffett has recommended it.

See all 1 recommendation and sources

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns - cover

24. The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns

by John C. Bogle

Recommended by 1 leader: Warren Buffett

Mainly an investing book, John Bogle’s plain case for index funds teaches how fees, taxes and inflation eat into returns and why trying to beat the market usually loses. Warren Buffett has recommended it.

See all 1 recommendation and sources

The Bogleheads' Guide to Investing - cover

25. The Bogleheads’ Guide to Investing

by Taylor Larimore, Mel Lindauer, Michael LeBoeuf

Recommended by 1 leader: Ramit Sethi

Mainly an investing handbook drawn from online forum discussions of John Bogle’s ideas, the guide teaches diversification, regular investing and low costs, with chapters on retirement accounts and taxes. Ramit Sethi says its plain language spares readers from looking up jargon.

See all 1 recommendation and sources

The Ascent of Money: A Financial History of the World - cover

26. The Ascent of Money: A Financial History of the World

by Niall Ferguson

Recommended by 1 leader: Muhtar Kent

Mainly a financial history, Niall Ferguson’s book traces where money, credit, bonds, insurance and housing as an investment came from, ending with the 2008 crisis. Muhtar Kent counts it among the best books of economic observation.

See all 1 recommendation and sources

The Accounting Game: Basic Accounting Fresh from the Lemonade Stand - cover

27. The Accounting Game: Basic Accounting Fresh from the Lemonade Stand

by Darrell Mullis, Judith Orloff

Recommended by 1 leader: Andrew Elliott

Mainly an accounting primer, Darrell Mullis and Judith Orloff’s lemonade stand story teaches the vocabulary of financial statements, from assets and liabilities to inventory and earnings, in plain steps. Andrew Elliott suggests it to anyone with no grounding in accounting.

See all 1 recommendation and sources

The Four Pillars of Investing: Lessons for Building a Winning Portfolio - cover

28. The Four Pillars of Investing: Lessons for Building a Winning Portfolio

by William Bernstein

Recommended by 1 leader: Bill Earner

Mainly a portfolio guide, William Bernstein’s book teaches the four subjects he says every investor must master: risk and reward, market history, investor psychology and the conflicts of the investment industry. Bill Earner calls it useful for thinking about saving and investing.

See all 1 recommendation and sources