Five Personal Finance Books to Read Now
Learn from personal finance gurus the top philosophies and the methods that work
Picking the brains of personal finance experts is one of the best ways to improve your own financial prowess. Attending a seminar would allow you to do this in person; however, most people can’t spare the time or funds needed to make this a viable option. Finding the time to watch hours of financial television and take notes to distill the best tips is also out of the question for many people. Fortunately, many of the most respected personal finance gurus have compiled their best advice into books. Here are five that go beyond rehashing common knowledge and offer a variety of strategies that can help your finances right now and for the rest of your life.
1) Networking Is Dead: Making Connections That Matter by Melissa G. Wilson and Larry Mohl
This book is an important one to have on your to-read list if you want to have a well-rounded financial education. Making important business connections is critical for the success of your career and therefore your financial success. It is a topic frequently overlooked by personal finance books, however, which is why this is such a crucial read. Networking Is Dead describes the traditional strategies for career advancement that are now obsolete, such as saving and trading business cards, so you can avoid wasting time on them. Even better, it describes how to use new techniques such as social networking and webinars.
2) The Money Book for the Young, Fabulous & Broke by Suze Orman
This book stands out from the crowd of financial best sellers that usually focus on entrepreneurs or people about to retire. Suze Orman has made a name for herself by offering to-the-point financial advice to demographics that are often overlooked, such as stay-at-home moms, and this book is a perfect example of her signature style. This is a great read for young people just starting out on their financial journey, Millennials who have had difficulty finding a job and people who are looking to navigate life while saddled with large financial loans.
As Orman puts it, “You picked up this book because you are broke. Keep reading and you will discover what you need to know — and do — so you will not be broke forever.”
3) Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker
Geoffrey James from the popular business website Inc.com lists this as one of his Top 10 Personal Finance Books of All Time.
“If you’re poor, it’s because you think like a poor person and if you’re rich, it’s because you think rich, according to author (and multimillionaire) T. Harv Eker,” states James. “Not to worry, though. If you start thinking like a mogul, you can be one, too.” This book provides you with the strategies and philosophies you need to get on the path of thinking for success.
4) Think and Grow Rich by Napoleon Hill
This book has almost 1,000 five-star reviews on Amazon.com and is James’s top pick of all time.
“Way back in the 1930s, author Napoleon Hill interviewed a series of millionaires and philanthropists, starting with the steel magnate Andrew Carnegie,” says James. “The result was a perennially best-selling work of self-development that encourages the notion that ‘greed is good’— as long as you’re willing to share your wealth.”
“The object is to want money, and to be so determined to have it that you convince yourself that you will have it,” states Hill in the book.
5) The Total Money Makeover by Dave Ramsey
The Total Money Makeover is recommended as one of the 10 Best-Sellers to Help Your Finances in 2013 by Daniel Bortz from USNews.com’s Money. Bortz describes it as a book that “shows readers how to re-examine their financial habits and develop a plan to rethink the way they approach money.”
In the Times.com business section, the author, Ramsey, is described by personal finance blogger and author J.D. Roth as “an anti-debt zealot” who “made a $4 million fortune by his mid-twenties, and then lost it to bankruptcy. Now he runs a personal-finance empire.” Roth says that this book is a must-read because the methods just work, and states, “If you’re struggling with debt, there’s no better starting place than this book.”
Make sure you have these books in your financial arsenal, and be sure to give us a call to further develop your financial plans for the future. Our financial experts are available to answer any of your questions and to work with you to build successful and lasting strategies.