Best Personal Finance Books: Earn Your Financial Independence
Using the best personal finance books can help to quell your thoughts on what to do with your paycheck at the end of each pay cycle. Have you ever had a moment where you wished you had a higher number in your savings account? Are you one of the millions of people in the Western world living paycheck to paycheck without any funds left over for entertainment or luxuries?
Having access to the best books on personal finance can allow you to make the most out of the money you make so that you can begin enjoying your life rather than forgetting how much you make each year.
There is an assortment of titles that can help you to understand the meaning of money and how imperative it is to your survival. You’ll also love hearing stories from other people who have gone through the same financial hardships or flourishes as yourself.
There’s no reason why you should dedicate more than 40 hours each week without being able to reap the benefits of your hard work. With the best books for personal finance, you can finally get a grip on your spending habits so that there is more for you and your family to enjoy.
We all tend to assume we know everything when it comes to money, but it’s about time we actually proved it. The best personal finance books will teach you the ins and outs of investing, saving, and even making career changes so that you can bring more home. You’ll also be able to make financial spreadsheets for your weekly budget and encourage others around you to take control of their spending as well.
What we appreciate the most from these titles is that they are evident and concise when it comes to debt, which is something that we found to be difficult on our own. With the innovative concepts within these pages, you can completely transform your finances for the better and begin to start saving and paying off debt. There are no other books we would instead recommend than the best personal finance books on this list.
Best Personal Finance Books
The funny thing is that the books that had the biggest impact (like my Verne’s favourite) are not necessarily the best books, objectively speaking. They were good enough to present a new worldview that I was not aware of. Timing probably was more important than their intrinsic literary qualities. They “managed” to fall into my lap at the right time. Such a book was Robert Kiyosaki’s “Rich Dad Poor Dad”, a mediocre book by my standards of today, but deeply inspirational by the ones from yesterday.
Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It Big – Brian Murray
Need a side hustle to make ends meet? Been thinking about owning, renting or moving some real estate to see if you can turn a profit? If so, then this book is what you need to read to get practical advice, real-life examples of successes and failures and simple, down to earth business strategies.
For business, I've read Influence by Robert Cialdini 3 times, and Traction by Gabriel Weinberg twice, so if number of times read indicates favor, then those are it. There are a whole bunch of others, like The Personal MBA by Josh Kaufman, Confession of an Advertising Man by David Ogilvy, The 4 Hour Work Week by Tim Ferriss, and Running Lean by Ash Maurya, that I've also enjoyed and recommend to people.
Models.Behaving.Badly.: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life
Here is what I wrote in my endorsement: Emanuel Derman has written my kind of a book, an elegant combination of memoir, confession, and essay on ethics, philosophy of science and professional practice. He convincingly establishes the difference between model and theory and shows why attempts to model financial markets can never be genuinely scientific. It vindicates those of us who hold that financial modeling is neither practical nor scientific. Exceedingly readable.
From the remarks here, people seem to be blaming Derman for not having written the type of books they usually read... They are blaming him for being original! This is very philistinic. This book is a personal essay; if you don't like it, don't read it, there is no need to blame the author for not delivering your regular science reporting. Why don't you go blame Montaigne for discussing his personal habits in the middle of a meditation on war inspired by Plutarch?
This book was recommended by Daymond John on page 234 of "Tools of Titans".
This book is amazing—it didn't change my mind, so much as it has changed the way I think. It helps to understand the difference between the way you make quick decisions, versus considered decisions—it takes different mechanisms in the brain. Understanding which you're doing at any given time can have a profound impact on what you ultimately decide.
Q: What is one must-read book for business leaders?
A: The Power of Habit: Why We Do What We Do in Business and Life by Charles Duhigg.
I do goal-setting. The first time I read about this was in Napoleon Hill's 'Think and Grow Rich,' I was 16 years old.
As a general rule, most new memoirs are mediocre and most business memoirs are even worse. Shoe Dog by Phil Knight is an exception to that rule in every way and as a result, was one of my favorite books of the year and favorite business books ever. I started reading it while on the runway of a flight and figured I’d read a few pages before opening my laptop and working. Instead, my laptop stayed in my bag during the flight and I read almost the entire book in one extended sitting. Ostensibly the memoir of the founder of Nike, it’s really the story of a lost kid trying to find meaning in his life and it ends with him creating a multi-billion dollar company that changes sports forever. I’m not sure if Knight used a ghostwriter (the acknowledgements are unclear) but his personal touches are all over the book—and the book itself is deeply personal and authentic. The afterward is an incredibly moving reflection of a man looking back on his life. I loved this book. It ends just as Nike is starting to turn into the behemoth it would become, so I hold out hope that there may be more books to follow.
As a speculator I learned to take the best from books and ideas without arguments (many readers seem to be training to be shallow critics)--good insights are hard to come by. One does not find these in the writings of a journalist. There are some things personal to the author that might be uninteresting to some, but I take the package. The man is one of the greatest traders in history. There are a few jewels in there.
The man did it. I'd rather listen to him than read better written but hollow prose from some journalist-writer.
[From the book "The Everything Store: Jeff Bezos and the Age of Amazon"]
“The scholar argues that people are wired to see patterns in chaos while remaining blind to unpredictable events, with massive consequences. Experimentation and empiricism trumps the easy and obvious narrative,” Stone writes.