5 Best Personal Finance Books of All Time

A lot of good personal finance advice is timeless in nature and the 5 books listed below are filled with great advice that will always ring true. If you have yet to read these 5 best personal finance books of all time, I highly recommend that you do.

 

Rich Dad Poor Dad

This book by Robert Kiyosaki challenges the traditional thinking that getting a good job, living below your means, and savings for retirement, is the path to wealth. He uses the example of his two dads, one his biological “poor” dad and the other his best friend’s “rich” dad, to debunk that myth and drive home the point that investing in income producing assets (preferably passive) are the real ticket to financial freedom. It is a must read for newbie real estate investors and new business owners.

 

Think and Grow Rich

Originally written in 1937 by Napolean Hill, the text uses 13 principles to call out timeless wealth building principles used by the rich to increase and maintain wealth. Some of the principles are less impacted by time and will resonate more loudly but all of them are foundational to wealth creation and formatting one’s mind to be prepared for success.

 

The Richest Man in Babylon

Written in the 1920’s by George Clason, this book 7 basic personal finance principles told in bible like parables. The parables include:

1) Start thy purse to fattening
2) Control thy expenditures
3) Make thy gold multiply
4) Guard thy treasures from loss
5) Make of thy dwelling a profitable investment
6) Insure a future income
7) Increase thy ability to earn

 

Secrets of a Millionaire Mind

This book by T. Harv Eker explores the mentality of millionaires and seeks to help the reader to identify and correct limiting beliefs that may be hindering their ability to reach their financials goals. The basic premise is that thoughts lead to action and that having the right might set will lead people on the path to success.

 

The Millionaire Next Door

This book by Thomas J. Stanley and William D. Danko makes the point that everyone can be millionaires if they live below their means and invest wisely. It includes simple but timeless advice and encourages readers to practice delayed gratification by saving/investing now and enjoying the rewards later.  The book brings attention to who the average millionaire in America is and it may surprise you.

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2 Comments

  1. Yesenia (FANTABULOUS40s)
    July 11, 2017 / 7:16 pm

    Hi. I have heard of a couple of the books mentioned here. The only financial book I have ever read (sadly), is the Automatic Millionaire. I think I read it 15 years ago if not more. I tried some of the things recommended as best I could. Sometimes life takes turns you aren’t expecting and so I couldn’t keep doing some of it. NO, I’m not a millionaire or close to it 🙁 But I learned so much from that book and I still implement some of his suggestions till this day. It’s helped me a great deal with raising my kids as a single mom for the past 7 years without having to compromise certain things.
    I hope to read more of your articles in the coming days. I really like the content on you website; it speaks to me. I can’t grow my own avocados but I know what it’s like to have a tree in the back yard. Lol. Have a great day.

    • Matt
      July 12, 2017 / 4:13 am

      Hi Yesenia! It’s great to hear that the Automatic Millionaire has had such a positive impact on your life and that you’ve done your best to continue to implement strategies that the book suggests despite unexpected challenges that life has presented you. I’m glad that you are enjoying my content. I’m working on quite a bit of new material that will be posting in the coming weeks.

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