Blog Posts

Our 5 Favorite Finance Books

If choosing a book is like picking out groceries, then finance books are like the kale that you bought and then hid in the back of the fridge.  You chose it with the best of intentions, and you still really plan on getting to it. But every time you open the refrigerator, everything else seems to look more appealing.

Top Finance Books

Fortunately, there are some books on finance out there that are more like broccoli cheese soup – so palatable that you forget about the vitamins hidden inside. These are the books that entertain you so well that by the time you finish the book, you wonder how you suddenly became a Wall Street whiz. There are plenty of them out there, but here are five of the best.

Smart Women Finish Rich, by David Bach

David Bach is the best selling author of finance books, and for a good reason. Smart Women Finish Rich is straightforward, user-friendly, and accepting of the average person’s financial realities.

Bach organizes his advice into nine necessary steps, seven from the original book and two in appendices added for a later edition. Readers learn to evaluate their financial situations, take control in ways that don’t need a lot of time, and find out what does and doesn’t work.

Broke Millennial: Stop Scraping By and Get Your Financial Life Together, by Erin Lowry

A Millennial herself, author Erin Lowry has dedicated her career to helping her generation understand personal finance. She gives readers a fun and friendly explanation of basic financial concepts, from budgeting to investments, and offers a step-by-step guide that can help even the most cash-deprived to work toward financial freedom.

The book takes an honest look at the debt that is a fact of life for many millennials. Not only does it bring student loans out of the shadows, but it also touches on topics like splitting bills on friend dates and asking about a partner’s debt situation. It’s like talking to a friend about money if that friend knew what they were talking about.

 You Are a Badass at Making Money: Master the Mindset of Wealth by Jen Sincero

This one focuses more on the psychological aspects of money management than the actual nuts and bolts. It makes an excellent read for those of us who, after one look at a money management guide, run to hang the “Keep Out” sign on the blanket fort. Sincero’s goal is to help you identify and push past your blocks regarding money so that you can turn your pipe dreams into actual goals.

Sincero speaks from a place of having practiced what she preaches. Having built her wealth from the ground up, she offers a new way of looking at money and empowers readers to make their financial realities. The book is funny, relatable, insightful, and an excellent tool for helping you build a healthy money mindset.

The Simple Path to Wealth, by J.L. Collins

This might be the book for you if you are fed up with the financial services industry and want to strike out on your own. Author J.L. Collins believes that anyone can manage his or her finances and that the financial services industry makes it seem more complicated than it is. After all, investment advisors earn their living from clients’ cluelessness. Collins addresses this cluelessness head-on. He uses metaphors, parables, and personal anecdotes to explain the stock market and other tools that readers can use to DIY their finances.

The Elephant in the Room Has a Paycheck, by David Bressler

This is the investment book with a conscience. It helps you do two things – build an investment plan and allocate your funds in a way that matches your values. Bressler understands that you have more to think about than investing, and he explains how to do both of these things without having to become a financial professional.

With a friendly conversational style, The Elephant in the Room tells you precisely what you need to do to improve your finances without compromising your beliefs. It is a financial guide for the social justice warrior – a niche that not many finance books can fill.

While any of these books will help you to understand your finances better, not everyone will suit your style. Take some time to look them up and decide which one speaks to you, then start investing and saving for your future!

You Might Also Like

No Comments

    Leave a Reply