The Best Personal Finance Books to Enhance Your Summer Reading List
This summer, why not dedicate yourself to learning more about what you can do to better your financial future through the use of successful personal finance skills. There are a variety of ways to boost your financial literacy: online courses; classes offered at local community colleges; classes offered my financial institutions like banks; and by reading.
You can find many different personal finance books at your local library (Bonus: those are free to read). Do you have a Kindle? Amazon Prime? If so, you have a lot of finance books you can buy/rent for little to no cost. However, if you search personal finance, you’ll find hundreds of different options. How do you know which books are reputable and which are written by people who don’t have the proper experience or expertise?
Well, we’ve done some of the legwork for you and have come up with this list of five personal finance books to help you become more financially literate this summer.
#1) ”The Self-Made Billionaire Effect: How Extreme Producers Create Massive Value”
This book, by John Sviokla (head of Global Though Leadership at PricewaterhouseCoopers LLP) and Mitch Cohen (vice chairman at PwC) was chosen as one of Business Insider’s “15 of the Best Business Books Coming Out in 2015”, talks about what billionaires have in common. Is it good luck or are there other common characteristics? They interviewed 120 self-made billionaires to find out what makes them tick. You can find this book here.
#2) ”Get a Financial Life: Personal Finance In Your Twenties and Thirties”
This book, by Beth Kobliner (a personal finance commentator, journalist, and author), might seem a bit dated but the financial principles within those pages are timeless. It is an easy reference guide, a great starter book, easy to read, and incredibly relevant to someone who is just starting out on their own or who wants to ensure a prosperous future for themselves. You can find this book here.
#3) ”Rich Dad, Poor Dad”
This New York Times bestseller was written by investor, entrepreneur, and educator Robert Kiyosaki. It talks about the story of his childhood – growing up with his own father and the father of a friend, “the rich dad”. It drives home the concept that “the rich have money work for them” instead of the other way around. While his explanations have been critiqued as “slow”, his points are valid and he helps explain a side of financial literacy that isn’t often advocated. You can check out his book here.
#4) “The Millionaire Mind”
Dr. Thomas J. Stanley has penned six award winning books about American’s wealthiest population. In this book you will find the habits of America’s most successful people. Knowing how these men and women tick can help mold your habits in order to help you become as productive as our most prolific success stories. This book covers topics that range from personal schedules, buying and selling real estate, leisure activities, and even choosing spouses. You can find this book here.
#5) “Think and Grow Rich”
This classic by author Napoleon Hill has been one of the most important and inspirational financial books written. It was first published in 1937 as a result of two decades worth of research by Hill. It started when Steel Tycoon Andrew Carnegie tasked him with organizing a Philosophy of Personal Achievement. Because of that, he went out and interviewed hundreds of successful individuals including John D Rockefeller, William Wrigley Jr., Charles M. Schwab, and Henry Ford. The end result? This best loved book about success and financial achievement. You can find the book here.
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