12 personal finance books to read

12 Personal Finance Books to Read to Further Your Financial Education

Erik Basics, Financial Education, Thoughts of a Mastermind 7 Comments

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Welcome to the 12 Days of Personal Finance! This is day 10. In the spirit of the holiday season, and inspired by the 12 Days of Christmas, I’ve put together a series of 12 posts all dedicated to the topic of personal finance. The 12 day of personal finance features 12 personal finance books to read for you to further your financial education. This is the last day. Make sure to get on The Mastermind Within email list to get your free eBook!

On the 12th day of personal finance, my true love gave to me! 12 personal finance books, 11 side hustles, 10(0) personal finance bloggers, 9 ways to save money, 8 awesome finance videos, 7 steps to financial freedom, 6 spreadsheets and tools, 5 amazing podcasts, 4 financial metrics, 3 big expenses, 2 steps to financial success, and the #1 rule of personal finance! (and a partridge in a pear tree?)

It’s the last day of the 12 days of personal finance, and there’s really only 1 thing left to cover: personal finance books to read to further your financial education.

I love reading and furthering my understanding of the world. In the first 6 months of 2017, I read 29 books – and have read around 40 books this year in total. I’ve talked about personal finance podcasts, videos, and blogs to consume in 2018 to further your understanding, but there’s nothing like a good book. Today, I present to you 12 personal finance books to read for you to further your financial education.

12 Personal Finance Books to Read

There are many great personal finance books to read out there. I’ve picked 12 which I believe are superb, very informative, and helpful:

  1. The Simple Path to Wealth
  2. Think and Grow Rich
  3. The Millionaire Next Door
  4. The Richest Man in Babylon
  5. Rich Dad, Poor Dad
  6. Your Money or Your Life
  7. How to Think About Money
  8. The Bogleheads’ Guide to Investing
  9. The Automatic Millionaire
  10. Money: Master the Game
  11. How to Win Friends and Influence People
  12. The Slight Edge

I’ve provided a brief summary of each of these below:

The Simple Path to Wealth, by JL Collins

simple path to wealth

Money is the single most powerful tool we have for navigating this complex world we’ve created, understanding it is critical.

The Simple Path to Wealth demystifies all of the common misunderstandings and misconceptions many people have about personal finance.

Reading The Simple Path to Wealth will help you become one of the 1% of people who understand personal finance – and get you on the way to becoming one of the few people to achieve financial freedom.

Think and Grow Rich, by Napoleon Hill

think and grow rich, by napoleon hill

In Think and Grow Rich, Napoleon Hill draws on stories of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation to illustrate his principles of success. Think and Grow Rich will teach you the secrets that could bring you a fortune.

Think and Grow Rich will show you not only what to do but how to do it. Once you learn and apply the simple, basic techniques revealed here, you will have mastered the secret of true and lasting success.

The Millionaire Next Door, by Thomas J. Stanley and William Danko

The millionaire next door

CAN YOU SPOT THE MILLIONAIRE NEXT DOOR?

Who are the rich in this country? What do they do? Where do they shop? What do they drive? How do they invest? How did they get rich? Can I ever become one of them?

Get the answers in The Millionaire Next Door, the never-before-told story about wealth in America. You’ll be surprised at what you find out….

The Richest Man in Babylon, by George Clason

the richest man in babylon

Countless readers have been helped by the famous “Babylonian parables,” hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. In language as simple as that found in the Bible, these fascinating and informative stories set you on a sure path to prosperity and its accompanying joys.

This is the book that holds the secrets to keeping your money—and making more. May they prove for you a sure key to gratifying financial progress.

Rich Dad, Poor Dad, by Robert Kiyosaki

rich dad poor dad by robert kiyosaki

Rich Dad, Poor Dad tells the story of Robert Kiyosaki and his two dads—his real father and the father of his best friend, his rich dad. He shares the ways in which both men shaped his thoughts about money and investing.

The book, Rich Dad, Poor Dad, explores the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.

Your Money or Your Life, by Vicki Robin and Joe Dominguez

your money or your life, by vicki robin

“The premise of it is that you exchange your time for money. When you start thinking about how many hours of your life it took to save up the money to buy something, you really start thinking twice about your purchases.”

In Your Money or Your Life, Vicki Robin shows readers how to gain control of their money and make a life, rather than just make a living. With this book, you’ll learn how to:

* Get out of debt and develop savings
* Save money through mindfulness and good habits, not strict budgeting
* Declutter your life and live well for less
* Invest your savings and begin creating wealth

How to Think about Money, by Jonathan Clements

how to think about money, by jonathan clements

How to Think about Money, which was named 2017’s adult book of the year by the Institute for Financial Literacy, is built around five key ideas:

* Money can buy happiness, but we need to spend with great care.
* Most of us will enjoy an extraordinarily long life–and that has profound financial implications.
* We are hardwired for financial failure, so sensible money management takes great mental strength.
* We need to bring order to our financial life–by focusing on our paycheck, or lack thereof.
* If we want to add to our wealth, we should strive to minimize the subtractions.

The Bogleheads’ Guide to Investing, by Mel Lindauer, Taylor Larimore, and Michael LeBoeuf

bogleheads' guide to investing

Investing can be simple, but it’s certainly not simplistic. Over the course of twenty years, the followers of John C. Bogle have evolved from a loose association of investors to a major force with the largest and most active non-commercial financial forum on the Internet.

The Bogleheads’ Guide to Investing brings that communication to you with comprehensive guidance to the investment prowess on display at Bogleheads.org. You’ll learn how to craft your own investment strategy using the Bogle-proven methods that have worked for thousands of investors.

The Automatic Millionaire, by David Bach

the automatic millionaire

The Automatic Millionaire starts with the powerful story of an average American couple–he’s a low-level manager, she’s a beautician. Their joint income has never exceeded $55,000 a year, yet they somehow manage to own two homes debt-free, put two kids through college, and retire at 55 with more than $1 million in savings.

Through their story you’ll learn the surprising fact that you cannot get rich with a budget! You have to have a plan to pay yourself first that is totally automatic; a plan that will automatically secure your future and pay for your present.

Money: Master the Game, by Tony Robbins

money master the game 7 steps to financial freedom

Money: Master the Game, by Tony Robbins is a how-do guide on how to achieve financial freedom. Money is about learning about how we as investors can become financially free.

Tony Robbins has been a life coach for many years and wrote this book for people who want to improve their financial situation. Coming from a relatively poor family, he has been able to build a strong following as a life coach and has influenced many people.

In Money, you will learn the 7 simple steps to finance freedom.

How to Win Friends and Influence People, by Dale Carnegie

how to win friends and influence people

For more than sixty years the rock-solid, time-tested advice in this book has carried thousands of people up the ladder of success in their business and personal lives.

You will learn:

* Three fundamental techniques in handling people
* Six ways to make people like you
* Twelve ways to win people to you way of thinking
* Nine ways to change people without arousing resentment

Your level of success will rarely exceed your level of personal development – improving yourself and your personal skills will help grow your income and allow you to invest and save more.

The Slight Edge, by Jeff Olson

the slight edge, by jeff olson

The Slight Edge is a way of thinking, a way of processing information that enables you to make the daily choices that will lead you to the success and happiness you desire.

Learn why some people make dream after dream come true, while others just continue dreaming and spend their lives building dreams for someone else.

The Slight Edge is not just another self-help motivation tool of methods you must learn in order to travel the path to success. The Slight Edge shows you how to create powerful results from the simple daily activities of your life, by using tools that are already within you.

While The Slight Edge is a personal development book, it ties in very nicely with personal finance. You aren’t going to save $1,000,000 in one year. But, over 20-30 years of diligent saving, you can easily become a millionaire.

12th day of personal finance books

Personal Finance Books The Mastermind Within Community Members Are Reading

One of the great things about having readers is being able to ask them about their strategies for financial success. A number of people contributed to the question of which personal finance books they are reading to further their financial education.

Grant, a blogger and friend of mine from Life Prep Couple likes The Millionaire Next Door!

My favorite personal finance book is a little outdated but The Millionaire Next Door was very eye opening, I also liked The Science of Getting Rich.

Dom, a blogger from Gen Y Finance Guy, loves The Slight Edge:

The Slight Edge. It really covers personal finance and overall personal development all in one.

I completely agree with you Dom! The Slight Edge had the biggest impact on me of any book I read this year. Thank you for contributing!

Conclusion

Learning personal finance early in life will alter your perspective forever. The book recommendations for personal finance above will get you to your financial goals and beyond. You will experience financial success beyond your wildest dreams! Being financially free is a great feeling, will you get there?

And that’s that for the 12th day of personal finance! The 12 days of personal finance are almost done. This weekend, I’m going back to work and compiling all of these 12 posts into an eBook to send off to my subscribers.

On Tuesday, I’ll be sharing a recap post and I’ll be sending the eBook off so you can give the gift of personal finance! Make sure to subscribe now to get on the list and you won’t miss out on this amazing offer.

Happy Holidays!,

Erik

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Comments 7

  1. This is a great list of books to read this holiday season. It’s also a great gift list sto stuff your family and friends’ stockings too.

    Personally, when I give gifts, I prefer to give things that will have a lasting effect and has the potential to change people’s lives. These 12 books definitely fits the bill.

    Merry Christmas and a happy new year to you and your family Erik.

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      Thanks Leo for stopping by. Lately, I’ve been giving the gift of my time to my family members – a day of cleaning, a day of golf, etc. Seems to be good 🙂

      Merry Christmas and Happy New Year!

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  2. This series of personal finance was amazing! I was always excited for the next day to get a new one. Keep up the great work!

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