Best Books About Money Management
Reading books about money management doesn't have to be boring, nor does it have to be for rich people only. This list of the best titles proves it.
Money management is something everyone needs to learn — whether they like it or not. The problem that most people face is that they don't want to learn how to manage money, or otherwise assume that the only material on money management out there is for millionaires.
Truth be told, there are plenty of great books about money management out there. Most of them aren't even geared towards people who are already millionaires, and are easy enough for a typical high schooler to read.
If you're new to managing your money, and want an entertaining read on money, these are my suggestions...and what you should learn from every book.
Ramit Sethi is that one friend everyone needs — the one that doesn't bullshit you. He explains that being wealthy is a skill, and teaches you how to lay the foundation for a happy, money-filled life in a way that's non-threatening, easy to understand, humorous, and totally non-judgemental.
This book is a six-week personal finance crash course every young person needs to check out — especially if you're the type of person who just assumes you'll somehow just get rich, someday.
What To Get Out Of It: You can't get rich from just betting on "someday," and you need to learn how to budget properly. Oh, and you're going to need to invest.
If you're looking for a book that actually has real numbers backing its data, then you might want to check out The Millionaire Next Door. This book is all about busting common notions we have about millionaires — including the alleged "flamboyant lifestyle" they supposedly have.
When you look at the data, most millionaires in America are just like you; and this is one of the books about money management that really drives that home. The only difference is that they invested more money, were careful with real estate, and avoided keeping up with the Joneses.
What To Get From It: It's okay if you don't have $50 sneakers right now. It's not okay to have zero retirement money.
In this book, Robert Kiyosaki talks about his childhood, where one kid has a rich dad and the other has a poor dad. The lessons each dad teaches is what makes this one of the best books about money management you can buy for yourself and your kids.
Most of the emphasis on this is the importance of entrepreneurialism, and learning what you want, versus what you need. Also, this is a good place to start learning about investing if you've never done it before.
That being said, a lot of the rhetoric isn't fully correct for all cases. So, it's important to think about what your particular situation is, and work with what you can do.
What To Get From It: Learning the importance of an asset versus a liability, and learning why you need to look out for yourself — rather than trusting others to do it for you.
Do you think that being a millionaire is something that only happens if you're born into wealth? That's bull! Dave Ramsey has proven this, time and time again, with one of the smartest books about money management for the middle class ever written.
Even if you're working a low-end job, Dave Ramsey's advice for investing your way to wealth is easy to follow. Ramsey's plan shows you how to create (and stick to) a budget.
What To Get From It: A great idea of why investing is awesome, as well as quick and easy methods to help you grow your wealth fairly quickly.
Ever wonder why so many people end up broke by 40, despite having good jobs in their 20s and 30s? It's often because people don't get the right financial advice for the stage of life they're in, and that's where TV superstar Kevin O'Leary comes into play.
This is a book that has clear advice for every stage of life — and it's all presented in a wonderfully witty way. That's why it's one of the best books about money management currently on the market, and why you'll love it.
What To Get From It: Genuinely smart advice that's specifically meant for your stage of life and situation, whatever that may be.
For reference, John C. Bogle is the owner of Vanguard — a major investment group. If anyone's really qualified to talk about investing, it's this guy. That being said, The Little Book of Common Sense Investing has a plan that will make you a lot wealthier than ever before.
Even billionaire Warren Buffett loves this book, and that alone should tell you plenty. After all, how many books about money management does a billionaire specifically tell you to read?
What To Get From It: An investing plan that's legit common sense.
Tim Ferris is a person who looks at the most successful guy in the room and asks what he's doing right. Then, he publishes it — and the result is Tools of Titans.
This book is all about the things that billionaires and major pop icons do that get them the success most of us only dream about. With a couple of tweaks in your routine, you might find yourself getting wealthier, too!
What To Get From It: A better work ethic, and a better way to network like a rich person.
Not to be confused with the hit song by Thievery Corporation, The Richest Man in Babylon is currently one of the oldest books about money management on this list. However, contrary to the book's ancient-sounding name, this book was actually only first published in 1926.
That being said, Clason's ancient-sounding parables are still as great today as they were back in the twenties. And that should tell you volumes about money as a whole.
What To Get From It: The nature of money doesn't change, nor does the nature of people.
Working hard at a 40-hour work week will only do so much when it comes to building wealth. Average work ethics will only breed average results — and the same can be said about average saving styles.
Grant Cardone's book is all about encouraging you to build your own business, work to get passive income, and get legit obsessed about money. If you're looking for a pep talk or advice on how to take things to the next level, few books about money management can compare.
What To Get From It: It's okay to be obsessed with money. It's not okay to be content with "average."
Daymond John, star of the epic show Shark Tank and renowned founder of FUBU, authored this book about money management as a way to encourage others to seek wealth — even if the chips are stacked against them.
The Power of Broke is all about telling you how being flat broke can give you the kick in the butt you need to start your own company, and do right by your bank account. As such, it's one of the best books about money management for people who feel cornered by society.
What To Get From It: Where you start from is no guarantee of where you finish.