The following books are some of the highest regarded and best-selling personal finance books of all time and of course not a complete list. This list is presented in no particular ranking and is not intended as an endorsement of these books by Progressive Debt Relief, but as a possible resource that may help in achieving your personal finance goals.
The Money Book for the Young, Fabulous & Broke, by Suze Orman
The book was written to address the specific financial reality that young people face today and is financial expert Suze Orman’s response to a generation’s cry for help. Often referred to as “Generation Debt”, or people in their 20s and 30s who graduate from college with colossal student loan debt and are faced with one of the weakest job markets in a long time. They know they must take urgent steps to take their plight into their own hands. But how? Orman tells her broke readers exactly what actions to take and why. Orman takes the reader to a secure place where they’ll never have to worry about not having money again.
Secrets of the Millionaire Mind-Mastering the inner game of wealth, by T. Harv Eker
T. Harv Eker is president of Peak Potentials Training, a popular success training and seminar company. The author shares his secrets, principles, and techniques for creating wealth. Eker teaches people how to play the inner game of money so that they not only achieve financial success but how to keep it once they obtain it. According to Eker, who went from broke to millionaire in two and a half years, if you are poor, it’s because you think like a poor person and if you’re rich, it’s because you think rich. Don’t worry, according to Eker, if you start thinking like a mogul, you can become as wealthy as one too.
Think and Grow Rich, by Napoleon Hill
Although written way back in the 1930s, it is considered a classic, and still relevant today. A perennially best-selling book of self-development that challenges the reader to decide what they truly desire and to become extremely focused on the steps required to achieve success.
The author, Napoleon Hill, interviewed several millionaires and philanthropists, including Andrew Carnegie, a steel magnate, and one of the richest individuals in the world at the time. The book takes an in depth look at the power of the mind and personal belief and how these influence our success.
The Psychology of Money: Timeless lessons on wealth, greed, and happiness, by Morgan Housel
Award-winning author and former financial columnist for the Wall Street Journal, Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to improve financial decision by making sense of one of life’s most important topics.
Housel suggests doing well with money is not necessarily about what you know about money but your behavior with money.
Housel points out investing, personal finance, and business decisions are usually taught like a math-based course, where data and formulas guide us on what we should do. However, Housel teaches in the real-world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives become part of the decision process.
Your Money Or Your Life, by Vicki Robin
In this book, Robin offers a new perspective on money management and enjoying financial independence.
The author presents a 9-step program to live more deliberately and meaningfully. Some of the steps include:
• Calculate your real hourly wage
• Track your expenses
• Ask yourself 3 questions about satisfaction, values and purpose of life
• Create a visual chart of your monthly income and expenses.
Also included is information about attaining new skills for side hustles that can help you generate additional income streams.
The Simple Path To Wealth, by J. L. Collins
The book offers ways to master your finances by managing your debt by spending less than what you earn and investing the surplus. The author also teaches ways to remain debt-free through a debt repayment strategy that includes paying off debt wisely, eliminating non-essential spending, and beginning investing early.
In addition to debt management Collins shares investment strategies on how to let money work for you, such as investing in index funds.
Rich Dad Poor Dad, by Robert Kiyosaki
Although Rich Dad Poor Dad was written more than 20 years ago, it has been updated for today’s environment. It is one of the best-selling personal finance books of all time. The book will teach you about the different mindsets of rich and poor people, and how rich people think for wealth creation. It also teaches the importance of financial literacy, financial independence and wealth building by investing in assets, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence.
One of the focuses of the book is understanding assets vs. liabilities. An asset is anything that generates and grows your money over time, such as a business, stocks, mutual funds, and real estate. While a liability is something that takes money out of your pocket such as buying a new car.
The Financial Diet: A Total Beginner’s Guide to Getting Good with Money, by Chelsea Fagan
The Financial Diet is the personal finance book for people who need an overspending detox, buried with student debt, or just trying to figure out how to live on an entry-level salary. The Financial Diet presents tools to make a budget, understand investments, and deal with your credit. The author taps a range of experts to help you make the best financial choices, but she also knows that being smarter with money is not just about what you put in the bank. It’s about everything—from the clothes you put in your closet, to your financial relationship habits, to the food you put in your kitchen (instead of ordering in again).
The Financial Diet teaches:
• how to get good with money in a year.
• the best way to make (and stick to!) a budget.
• the ingredients everyone needs to have a budget-friendly kitchen.
• how to take care of your house like a grown-up.
• what it means to invest (and how to do it).
There are many other excellent personal finance books, these are just a handful. You’ve probably noticed a common theme amongst these books and that is our thinking and mindset can largely impact our financial success.
If mounting debt, such as credit card, payday or installment loans, etc. is getting in the way of your financial success contact Progressive Debt Relief by calling 877.590.1847 or scheduling a free consultation online.
*Progressive Debt Relief does not provide legal, financial or tax advice and the above should not be construed as such.
