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From Bill Gates to Elon Musk, from Warren Buffett to Ben Franklin, the most successful people in the world have always been voracious readers. So if you want to achieve financial success, become wealthy, and retire early, one of the most important things you can do right now is crack open a book!
Luckily you don’t have to do much searching. I’ve compiled for you a list of the 25 best personal finance books to read this year. The books on this list are incredibly varied, from true personal finance books by gurus like Dave Ramsey, Robert Kiyosaki, and Tony Robbins, to value investing classics like The Intelligent Investor, The Tao of Charlie Munger, and A Random Walk Down Wall Street. This list as it all!
So keep on reading to learn more about the 25 best personal finance books you should read this year! And for more great book recommendations from Vintage Value Investing, check out The 11 Best Investment Books for Beginners and The 14 Most Recommended Investing Books of All Time.
25 Best Personal Finance Books
#1Unshakeable: Your Financial Freedom Playbook by Tony Robbins
Tony Robbins, who has coached more than fifty million people from 100 countries, is the world’s #1 life and business strategist. In this book, he teams up with Peter Mallouk, the only man in history to be ranked the #1 financial advisor in the US for three consecutive years by Barron’s. Together they reveal how to become unshakeable—someone who can not only maintain true peace of mind in a world of immense uncertainty, economic volatility, and unprecedented change, but who can profit from the fear that immobilizes so many.
Here’s what is covered in this book
- How to put together a simple, actionable plan that will deliver true financial freedom.
- Strategies from the world’s top investors on how to protect yourself and your family and maximize profit from the inevitable crashes and corrections to come.
- How a few simple steps can add a decade or more of additional retirement income by discovering what your 401(k) provider doesn’t want you to know.
- The core four principles that most of the world’s greatest financial minds utilize so that you can maximize upside and minimize downside.
- The fastest way to put money back in your pocket: uncover the hidden fees and half truths of Wall Street—how the biggest firms keep you overpaying for underperformance.
- Master the mindset of true wealth and experience the fulfillment you deserve today.
Beth Kobliner is the author of the bestselling personal finance bible Get a Financial Life. Make Your Kid a Money Genius is a new, must-have guide showing parents how to teach their children (from toddlers to young adults) to manage money in a smart way.
This book is a easy to understand, step-by-step guide to help parents of all income levels teach their kids—from ages three to twenty-three—about money. It turns out the key to raising a money genius isn’t to teach that four quarters equal a dollar or how to pick a stock. Instead, it’s about instilling values that have been proven to make people successful—not just financially, but in life: delaying gratification, working hard, living within your means, getting a good education, and acting generously toward others.
More specifically, you’ll learn why allowance isn’t the Holy Grail when teaching your kid to handle money, and why after-school jobs aren’t always the answer either. You’ll discover the right age to give your kid a credit card, and learn why doling out a wad of cash can actually be a good parenting move.
#3 How to Make Your Money Last: The Indispensable Retirement Guide by Jane Bryant Quinn
This book will teach you how to turn your retirement savings into a steady paycheck that will last for life.
One of people’s biggest fears is running out of money in their older age. Luckily you can use a few tricks for squeezing higher payments from your assets, like
- Your Social Security account (find the hidden values there),
- Pension (monthly income or lump sum?),
- Home equity (sell and invest the proceeds or take a reverse mortgage?),
- Savings (should you buy a lifetime annuity?),
- Retirement accounts (how to invest and—critically—how much to withdraw from your savings each year?).
The right moves will not only raise the amount you have to spend, they’ll stretch out your money over many more years. At a time when people are living longer, yet retiring with a smaller pot of savings than they’d hoped for, this book will become the essential guide
#4 The Truth About Your Future: The Money Guide You Need Now, Later, and Much Later by Ric Edelman
New York Times bestselling author and legendary investment guru Ric Edelman reveals his forward-thinking guide on how technology and science will reshape the way we save, invest, and plan for the future.
The traditional paradigms of how we live, learn, and invest are shifting under our feet. Edelman explains how smart investors can adapt and thrive in today’s changing marketplace and offers sound, practical investment advice through the lens of recent scientific and technological advancements. He illustrates how discoveries in robotics, nanotechnology, 3D printing, solar energy, biotechnology, and medicine will redefine our life expectancies, careers, and retirements. As we live and work longer, Edelman provides clear advice on how to recalibrate the way we save for college, invest during our careers, and plan for retirement.
The Truth About Your Future, featuring Edelman’s proven advice and trademark humor, is a timely, must-have guide for anyone serious about successfully adapting to the ever-evolving financial landscape.
#5 The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach
The Automatic Millionaire is one of the most popular financial books of our time. It was a runaway hit when it was first published in 2004, spending thirty-one weeks on the New York Times bestseller list and appearing at at number one simultaneously on the New York Times, USA Today, BusinessWeek, and Wall Street Journal business bestseller lists. It has sold over 1.5 million copies and been translated around the world in over a dozen languages. This is the first update since 2005 and includes updated information on taxes, investments, technologies and apps to automate your financial life as well as David’s latest systems for making the entire process even easier.
This book starts with the powerful story of an average American couple (he’s a low-level manager, she’s a beautician) whose joint income never exceeds $55,000 a year, yet who somehow manage to own two homes debt-free, put two kids through college, and retire at 55 with more than $1 million in savings. Through their story you’ll learn the surprising fact that