Ten Must-Read Financial Literacy Books for Getting Your Finances Under Control

Someone saving their coins with a pink piggy bank

Managing your money should be something taught in school. But, unfortunately, this is often not the case. Recent surveys have shown that more than half of us live from paycheck to paycheck. Likewise, almost of a third of people do not have any type of emergency funds or savings. These types of situations are not ideal, especially when a recession or a pandemic strikes. This is why good advice is important, and fortunately, many great personal finance books that can help in this regard.

There are a number of personal finance books for sale today that cover a broad range of topics. These topics include things like debt management, wise investing, better budgeting, and many others. Each of them can help you in better managing your money, while teaching you about some important tools and techniques. Depending on your specific financial situation, some may be more relevant than others. With this in mind, the following are 10 of the best personal finance books that you may wish to consider.

  1. The Total Money Makeover by Dave Ramsey

This New York Times best-seller is one of the best personal finance books if you’re in need of debt management advice. Dave Ramsey introduces readers to his “snowball method” and does so in a no-nonsense way. Likewise, he covers an array of topics that includes how to avoid renting-to-own, cash advances, and credit cards. He also helps you in managing your money for future emergencies, retirement planning, and college. (Dive deeper into retirement planning through the ages in this Project Bold Life story.)

  1. I Will Teach You to Be Rich by Ramit Sethi

Sethi has been called the wealth wizard by Forbes magazine and for good reason. In this book, he provides a 6-week program that helps you in managing your money more effectively. A big believer in creating smart, automated processes, he helps you stick to a better financial plan. This will allow you to pay off debt faster and build wealth more quickly. Sethi even adds insights about how to negotiate for better pay at work.

  1. Think and Grow Rich by Napoleon Hill

Written in 1937, Think and Grow Rich is one of the best personal finance books of all times. The book consists of invaluable lessons and formulas to help you in managing your money. In preparing for this book, Hill interviewed people like Henry Ford, Charles Schwab, and others. Insights gained from these immensely successful individuals comprise the pearls offered in this book. This book not only helps you with wealth-building but also encourages you to pursue your passions in a success-focused manner.

  1. Why Didn’t They Teach Me This in School? by Cary Siegel

As a retired business executive, Siegel has many insights about financial management. But the inspiration for his book came from educating his 5 children about good financial practices. The 99 principles and eight core lessons included can also help you in better managing your money. Not only is the material easy to read, but it is filled with good advice and personal experiences. That’s why it has quickly become recognized as one of the best personal finance books available today.

  1. Rich Dad, Poor Dad by Robert T. Kiyosaki

Kiyosaki’s well-known book has now been a best-seller for over two decades. As one of the most recognized personal finance books, he describes how passive income is a key to wealth generation. The book is filled with parables and personal insights. Likewise, Kiyosaki describes asset management, real estate investing, and liability management in detail. If you’re interested in managing your money better over the long haul, this is a great book for you.

  1. We All Should Be Millionaires by Rachel Rodgers

For women seeking personal finance books, Rachel Rodgers targets them in her latest book. An attorney and mother of 4, she appreciates the challenges and barriers to wealth-building for women. However, she is also a self-made millionaire and is inspired to help women dream big to attain wealth goals. As such, she outlines a 3-year plan to help women attain wealth and enjoy financial freedom. This book is therefore a great guide for women seeking financial health.

  1. The Psychology of Money by Morgan Housel

In a perfect world, you would approach each decision in a logical and rationale fashion. But when it comes to money, ego, emotions, and pride can get in the way. If managing your money more effectively, you’ll need to get past these potential obstacles. And that’s what Housel strives to do in his current book discussing psychological aspects of money decisions. He provides 19 short stories in an effort to showcase key points and guide you in better money choices. It’s not surprising this is among the most popular personal finance books, since Housel previously wrote for Wall Street Journal.

  1. Get Good with Money by Tiffany Aliche

This is another one of the best personal finance books for women in guiding better money management. Aliche, a successful preschool teacher, suffered her own financial setbacks earlier in life. But she rebounded and identified 10 important steps that led to financial security and peace of mind. She now shares these insights in her book that includes checklists, worksheets, and specific tools. Likewise, she covers a vast array of financial topics, making it simply for you in better managing your money.

  1. Your Money or Your Life by Vicki Robin

Over a million copies of this book have been sold, making it clearly one of the best personal finance books currently for sale. Robin provides readers with a 9-step plan that’s easy to follow that improves your relationship with your money. She covers debt management, investing, savings, and other topics using mindfulness-based techniques. If these strategies are appealing to you, this could be a great way toward better managing your money.

  1. The Simple Path to Wealth by J.L. Collins

Collins didn’t initially intend to write a book about financial health and management. But after writing a series of letters to his daughter about the subject, he could tell there was a need. Collins wants to help you in better managing your money by making things simpler. In his view, too many charlatans try to make things more complex than they are. As a result, he provides a simple strategy for investing while also showing how to avoid debt. he also helps explain stock market basics. For those who want a simple, basic money management approach, this is one of the best personal finance books around.

 

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