Top 5 books on personal finance

Managing personal finances never comes easy for some people, and 2 out of 5 adults are utterly confused when it comes to related matters. Indeed, if you have some background knowledge on how to efficiently manage your money, you’d probably never have a broke day in your life.

The problem is that not all of us may have that kind of education or affinity for finances. For many of us, without the right guidance, this domain is barely understandable. This is why you need to look for guidance from the experts – and to make things easier for you, here you have some good books for financial literacy research.

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Carl Richard, The One-Page Financial Business Plan

Not all of us know how to handle our money. Sometimes, we are glancing through our finances, and we feel completely lost. For this reason, this is one of the best books on personal finance, as it brings you straight to the root of your problems.

Written by a financial advisor, this book teaches you the basics of how to plan your finances, how to set up your goals, and how to prioritize what you want in life. It educates you on the importance of properly planning your finances, but it also teaches you how to take the right steps for investing in your future.

Ramit Sethi, I Will Teach You to Be Rich

Cost Accounting: Definition, Types, Importance, and Examples

If you want to learn how to strategize your money, make a plan, or set up a system that creates more profit for you, then you may want to add this book to your library. This is one of the best financial literacy books, as it creates a plan for you to live out your best life.

This is one of those books on finances that allow you to maximize all of the advantages you may be entitled to. You will learn how to use credit cards, how to open high-yield savings accounts, and how to maximize your rewards.

Thomas Stanley, William Danko, The Millionaire Next Door

If your idea of good money management involves investments, then this is one of the best books about personal finance for you. It talks about the investment styles of successful people who created their fortune from scratch but didn’t necessarily make the headlines. It also analyzes the daily habits of the American billionaire, showing the best ways to accumulate money over time. 

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Erin Lowry, Broke Millennial

Nowadays, every millennial knows that keeping money in their pocket is not that easy. There are car loans to cover, mortgages to pay, and overall, your personal finances never seem to agree with you.

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This volume by Erin Lowry is one of the best books on finance that explains the challenges of a millennial – and most importantly, how to get past them. It teaches you how to gain control of your life, not only for you but for your partner as well. Plus, the book is written in a conversational style, making it very easy to understand.

Dave Ramsey, Total Money Makeover

If you are looking for some good books on finance that can increase your financial confidence, then this title may be exactly what you are looking for. Not only does this book contain guidance and suggestions to take care of your finances, but it also includes the motivating aid that you need to keep going. The book can also offer you a fresh outlook on your life so that you can make the necessary adjustments.

The bottom line

In terms of personal finances, we aren’t perfect – but at least we try to be. Hopefully, these books on personal finance will help you achieve your goals.

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