Top 5 Personal Finance Books

Written By Jeff Hindenach
Last updated January 29, 2021

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Personal Finance
April 8, 2016

Simple. Thrifty. Living.

This list of the top five personal finance books offers a wide range of viewpoints, where they discuss many aspects to life but with a money focus. The books provide advice about investing, saving and getting out of debt. They do not, however, venture into too much detail on any one subject. What they certainly do achieve is the provision of motivation as a way to get started.

This book is in fact mainly focused on a specific topic. And, as the title would suggest, the subject matter is that of real estate and property investment. Generally, the book outlines, in a concise and clear way, the potential benefits that are to be had from real estate investing. Yes, property investment is the main crux, but the book likewise focuses on a number of more general investing topics.

By the time Dave Ramsay had reached his mid-twenties, he’d amassed a $4 million fortune. He then lost it all (and more) to bankruptcy. However, he’s managed to once again build a financial empire. In this book, Ramsey disparages some of the money myths, such as rent-to-own, the philosophy of the cash advance and how it can be a true danger, as well as debt consolidation. Further, he dares to make attacks on what he terms the illusions and deceptions surrounding the American dream, which merely serves to incite huge amounts of societal debt and overspending.

An old book, yes, published back in 1927. Nevertheless, one that has truly stood the test of time. The book is comprised of several short stories or parables themed around personal finance basics which are still particularly applicable to this day – save money, spend it wisely, invest it carefully. Overall, it could be said that The Richest Man in Babylon, although very short, carries with it a simplistic but highly empowering flavor.

This book by Robert Kiyosaki teaches a financial lesson by concentrating on two central characters that both had a very large impact on Kiyosaki’s own life. The first is his “poor” dad, who was his genetic father, a high-earning lecturer, but not gifted in money management matters. The second is his “rich” dad, his friend’s father, who taught Kiyosaki about money management. The book also spotlights the “rat race” and how the rich become richer, while the poor frequently lose out in society’s financial system.

First published in 1937, this book is without a doubt one of the financial classics. The overriding lesson of the book is that everyone should be fully aware of what they want in life, and have the utmost desire to achieve that at every cost. The overall theme of Think and Grow Rich is based on both personal development and how to increase wealth. The concept is that the individual should envision their desired outcome for each activity within their lives, which of course includes principles involving financial matters.

About the Author

Jeff Hindenach

Jeff Hindenach is the co-founder of Simple. Thrifty. Living. He graduated from Bowling Green State University with a Bachelor's Degree in Journalism. He has a long history of financial journalism, with a background writing for newspapers such as the San Jose Mercury News and San Francisco Examiner, as well as writing on personal finance for The Huffington Post, New York Times, Business Insider, CNBC, Newsday and The Street. He believes in giving readers the tools they need to get out of debt.

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