A Google search of “total number of Personal Finance and Investing Books” produced 72 million in 0.71 seconds! It is impossible to read every one of the books. However, a rule of thumb is that one reads at least ten (10) books on any topic to gain mastery. Below are my ten (10) classic and highly recommended books to read. I have only read half and lined up the other half for later. Of course, there are other books that I have read but which are not included in this list. How about you – have you read any? If so, which ones? Also, please share if you have your recommendations that are different from these.
1. “The Intelligent Investor” by Benjamin Graham: Considered a classic in value investing, this book provides timeless wisdom on fundamental analysis and the principles of investing.
2. “Rich Dad Poor Dad” by Robert T. Kiyosaki: This book offers practical insights into personal finance and challenges conventional views on wealth accumulation and financial independence.
3. “The Little Book of Common Sense Investing” by John C. Bogle: Written by the founder of Vanguard Group, this book advocates for a simple and low-cost approach to investing through index funds.
4. “The Millionaire Next Door” by Thomas J. Stanley and William D. Danko: Based on extensive research, this book examines the habits and characteristics of everyday millionaires and offers practical advice for building wealth.
5. “A Random Walk Down Wall Street” by Burton G. Malkiel: This book explores the efficient market hypothesis and advocates for a passive investing strategy based on diversification and low-cost index funds.
6. “Your Money or Your Life” by Vicki Robin and Joe Dominguez: Offering a holistic approach to personal finance, this book focuses on achieving financial independence and aligning spending with values and priorities.
7. “The Total Money Makeover” by Dave Ramsey: Dave Ramsey outlines a step-by-step plan for getting out of debt, building an emergency fund, and achieving financial freedom through disciplined saving and investing.
8. “Think and Grow Rich” by Napoleon Hill: While not strictly a personal finance book, this classic emphasizes the importance of mindset, goal-setting, and perseverance in achieving financial success.
9. “I Will Teach You to Be Rich” by Ramit Sethi: This book provides practical advice for young adults on automating finances, optimizing savings and investments, and living a rich life without budgeting obsessively.
10. “Bogleheads’ Guide to Investing” by Taylor Larimore, Mel Lindauer, and Michael LeBoeuf: Written by members of the Bogleheads community, this book offers a comprehensive guide to investing based on the principles of John C. Bogle.
prioritize understanding and retention. Take the time to reflect on the material, and apply it in relevant contexts
The goal is not to focus solely on the quantity of books read, but to prioritize understanding and retention. Taking the time to reflect on the material, applying it in relevant contexts, and engaging in discussions with experts can further enhance one’s mastery.
Becoming a “master” on personal finance and investing is subjective and depends on various factors such as the complexity and depth of the knowledge desired, and one’s individual learning styles. However, reading a diverse selection of books can certainly help deepen understanding and expertise.
The above books cover a range of topics including investing, saving, budgeting, achieving financial independence and provide valuable insights for all at various stages of one’s financial journey.
Remember,
- Starting today is better than tomorrow
- A dollar earned today is better than one earned tomorrow
- Consistency is key
- Goal should be long term. Short term, e.g., saving for a car, purchasing a home, vacations, college, etc. are also great.
🥂 to being better informed about personal finance and investing for your best tomorrow. 😊
Think-Talk 