If you’re like most people, you may not have learned that much about effective ways to manage your money from family or in school, and have spent a lot of time trying to figure it all out on your own. Reading personal finance books is a great way to get valuable knowledge and tips that can help you take your finances to the next level. A good personal finance book is one that drops credible and simple gems on the psychology behind managing money, budgeting, savings, investments, and conquering debt.
Learning how and where to begin on your financial journey can sometimes feel confusing and overwhelming. Here are a few selections that will equip you with everything you need to feel empowered in making sound decisions along the way.
Books on Psychology and Money
1. The Energy of Money: A Spiritual Guide to Financial and Personal Fulfillment by Maria Nemeth, Ph.D
Through easy-to-follow exercises and meditations, effective worksheets, and other interactive processes, Dr. Nemeth will guide you to financial success and help you manifest your special contribution to the world.
2. The True Cost of Happiness: The Real Story Behind Managing Your Money by Stacey Tisdale
Financial journalist Stacey Tisdale and expert financial planner Paula Boyer Kennedy combine their extensive financial experience with a powerful series of interviews and real-world stories to help you make personal money management decisions that make more sense.
3. Thank and Grow Rich: A 30-Day Experiment in Shameless Gratitude and Unabashed Joy by Pam Grout
This book offers a different perspective on abundance, which is not just financial capital. It shows readers how to grow and expand creative capital, social capital, rip-roaring good times capital, and much, much more!
Personal Finance Books
4. The Money Manual: A Practical Money Guide to Help You Succeed On Your Financial Journey by Tonya Rapley
You don’t need fancy degrees or certifications to become a better manager of your money.
All you need is information designed for you that empowers you to take action. The Money Manual was designed to help you cut through the clutter that often leads to feeling overwhelmed and anxious.
5. Broke Millennial: Stop Scraping By and Get Your Financial Life Together (Broke Millennial Series) by Erin Lowry
Broke Millennial shows step-by-step how to go from flat-broke to financial badass. Unlike most personal finance books out there, it doesn’t just cover boring stuff like credit card debt, investing, and dealing with the dreaded “B” word (budgeting).
6. Get Good With Money: Ten Simple Steps to Becoming Financially Whole by Tiffany Aliche
A ten-step plan for finding peace, safety, and harmony with your money—no matter how big or small your goals and no matter how rocky the market might be—by the inspiring and savvy “Budgetnista.”
7. Girl, Get Your Money Right: A Concise Guide to Building Wealth by Brenda Manyara
The first step in taking control of our finances, is to try to understand why we believe what we do about money. How does money make you feel? Does spending make you anxious or happy? Are you comfortable making large purchases and making big investment decisions? Our beliefs often stem from past experiences, whether negative or positive. We need to understand the root of all our personal money beliefs and begin to write ourselves new stories.
8. I Will Teach You to Be Rich by Ramit Sethi
Buy as many lattes as you want. Choose the right accounts and investments so your money grows for you—automatically. Best of all, spend guilt-free on the things you love.
9. Profit First by Mike Michalowicz
With dozens of case studies, practical, step-by-step advice, and his signature sense of humor, Michalowicz has the game-changing roadmap for any entrepreneur to make money they always dreamed of.
10. Girl, Make Your Money Grow: A Sister’s Guide to Protecting Your Future and Enriching Your Life by Glinda Bridgforth
Filled with Bridgforth and Perry-Mason’s warmhearted wisdom, and complete with exercises, affirmations, and inspiring stories of African American women who’ve successfully grown their financial gardens, Girl, Make Your Money Grow! is a fresh, fun, and eminently practical guide to achieving the next level of financial security and funding the future of your dreams.
11. One Page Financial Plan: A Simple Way to Be Smart About Your Money by Carl Richards
The most important thing is getting clarity about the big picture so you can cope with the unexpected. Maybe you’ll lose the job you thought was secure; you’ll take a financial risk that doesn’t pan out; you’ll have twins when you were only budgeting for one. In other words: Life will happen.
But no matter what happens, this book will help you bridge the gap between where you are now and where you want to go.
by Candice Davie, myFabfinance.com