Money. It’s a touchy subject for some people, and it’s just a game for others. I’ve been on both ends of that spectrum: totally broke and busted on one end — and total financial freedom on the other. The former is stressful beyond belief; while the latter is friggin’ awesome. Now, I’m no Warren Buffet by any means, but I do know what it feels like to pull myself out of the brink of bankruptcy and learn how to finally get finances together. And most of my money management education came from two places: 1) Failing miserably in the real-world (and eventually learning from those failures); and 2) Reading lots and lots of books. Today, I we’re going to talk about the latter… More specifically, I’ll be dropping a list of the 16 most powerful money management books I’ve ever read.
Some of them are old-school classics. Others are new-age money management books written to help us adapt to the evolving economic conditions of the modern world. But ALL of them will be useful towards helping you to not merely manage your money — but towards achieving total financial freedom.
Let’s dive in, shall we?
#1. Millennial Money by Patrick O’Shaughnessy
The money game isn’t anything like it use to be. And for us Millennials, it’s taken an unrecognizably different form than what our parents were used to. Millennial Money provides unconventional strategies that modern Millennials can actually put to use.
#2. Happy Money by Elizabeth Dunn and Michael Norton
In Happy Money:The Science of Happier Spending, co-authors Elizabeth Dunn and Michael Norton explore how the way you spend your money can have more of an impact on your happiness than how much money you have or make. This is not a book about how to make more money, but a book that teaches us how to spend money in ways that will yield true happiness in both our personal and professional lives.
#3. Bold by Peter Diamandis, Steven Kotler
Bold is the modern money book we’ve all been waiting for. Learn about using exponential technologies, moonshot thinking, and crowd-powered tools to create extraordinary wealth while you make a meaningful difference on the world doing work that matters… Expect to learn new and unconventional methods to leveraging the web’s infinite tools to raise money, make money, and manage money.
#4. Rich Dad, Poor Dad by Robert Kiyosaki
This is the grandaddy of money management books… it’s been around for awhile, but that doesn’t mean we Millennials can’t learn a thing or two from it. If you’re looking to learn a balanced combination of money management techniques to help you pave your path to success and financial abundance — then this is your book. This classic is filled with stories, strategies, and inspiring insights to help you achieve the financial fitness you deserve.
#5. Think and Grow Rich by Napoleon Hill
This is a real book of wisdom that goes far beyond what its title entails. Originally published back in 1937, Think and Grow Rich tells us the principles, habits, and secrets of some history’s wealthiest people: Andrew Carnegie, Thomas Edison, Henry Ford, and many more. Think & Grow Rich is more than just a money management book — it’s a money mind-set book.
#6. I Will Teach You To Be Rich by Ramit Sethi
Cheesy title. Great book. I Will Teach You To Be Rich is a practical money management book that’s based around is based around four simple pillars of personal finance: (1) banking, (2) saving, (3) budgeting, and (4) investing–and the wealth-building ideas of money management and financial success.
#7. Secrets of The Millionaire Mind by T. Harv Eker
This is a book about how to develop a successful psychology and mindset for money… which I believe is the most important aspect of — not just managing money — but building the abundance and financial freedom you deserve. The essential money management book for learning how to develop a millionaire mind.
#8. Flash Boys by Michael Lewis
I’m going to be straight with you: this money management book will piss you off. But that doesn’t mean it’s no good. It’s an incredibly compelling read. The reason it’ll get you angry is because it exposes the how Wall Street has been rigged for the benefit of the insiders — and only the insiders. Until now.
#9. How Adam Smith Can Change Your Life by Russ Roberts
What’s it really take to be happy? Money? Fame? Respect? The feeling that we’re doing something that matters with our lives? … What’s it really take? In How Adam Smith Can Change Your Life, author Russ Roberts takes the old-school money management principles and applies them in a more modern context to better suit the world we live in today. More than just another money book, pick this best-seller up to lessons on life from one of history’s greatest thinkers about how happiness, virtue, fame, and fortune are all intertwined one another.
#10. The One-Page Financial Plan by Carl Richards
Let’s face it: Money Management can be a daunting topic. In The One-Page Financial Plan, author Carl Richards simplifies the complex money management concepts and distills them into actionable advice anyone can follow to get a handle on their finances.
#11. MONEY – Master The Game by Anthony Robbins
Based on extensive research and detailed interviews with over 50 of the world’s most legendary financial experts—from Carl Icahn and Warren Buffett, to Ray Dalio and Steve Forbes—Tony Robbins has condensed the incredibly complex concepts of investing and financial lingo into a simple 7-step money book that anyone can use for financial freedom, regardless of how much (or how little) you know about this subject. Money plays such a crucial role in our lives, so we might as well learn to “master the game”, right?
#12. The Intelligent Investor by Benjamin Graham, Jason Zweig
In The Intelligent Investor, you’ll learn money management lessons from the greatest investment advisor of the twentieth century, Benjamin Graham. This gem of a money management book contains an updated approach on Graham’s original philosophies; allowing you to implement these time-tested principles in the modern market our economy presides in today. This is the perfect book for anyone who wants to combine old-school investing wisdom with the realities of today’s market.
#13. Get Rich Carefully by Jim Cramer
Get Rich Carefully is the battle-hardened how-to guide for effectively managing your personal finances. Author Jim Cramer teaches you his principles on turning your savings into real, lasting wealth in a practical and easy to follow format.
#14. The Money Book for the Young, Fabulous & Broke by Suze Orman
Learn the basic principles of money management from one of the world’s most trusted financial experts… In this money book, author Suze Orman covers all the fundamentals: credit card debt, student loans, credit scores, home-buying, insurance, and even how to handle the financial conundrums that come with your first real job (or business).
#15. Why Didn’t They Teach Me This in School? by Cary Siegel
The lack of basic information taught in our public schools on the topic of money management (and life, in general) is a total embarrassment. The very place we’d expect to be taught these critical skills are the last place any of us ever learned how to get a handle on it. This book breaks down what we should’ve learned about managing our money growing up.
#16. The Total Money Makeover by Dave Ramsey
In this book, famed financial coach Dave Ramsey breaks down a battle-hardened playbook for building up your financial fitness. Here’s some of what’s covered in the book: The 10 most dangerous money myths; a sure-fire plan for paying off all your debt; and how to secure a huge money reserve for those unexpected moments that matter most.
That was right on the money.
Now that you’ve got this list of the 16 best money management books — there’s only one question left… Which one do you read first? Should you go out and get all of them immediately? Should you read them all at once? Or should you take a lifetime to read them? So many options. So little time. Ultimately, it’s totally your decision what you do with this list and how you apply it to your life and career. But if I may, here’s what I would suggest you consider as you get started:
- Subscribe to a book summary site, like FlashBooks to get the key-takeaways from the books on this list.
- If you’d prefer to read an entire book, I would highly suggest that you read just ONE book at a time. Sometimes, when we see something new and exciting, we have tendency to want to do/learn/read it all at once… and as we all know, this is nearly impossible to do without stressing ourselves out. So, choose a book. And then commit to reading it from start to finish.