The Best Financial Literacy Books 2019
Finance: you either love it or you learn to accept it. Nevertheless, we live in a time when finances are everything – no matter if it’s in your personal life or business.
And considering that no one is ever born a finance expert, the best financial literacy books ever revealed can actually help you out in that regard.
However, it’s not always easy to find such a book. Everyone can write – but not everyone can write properly.
It is quite difficult to find a book that can actually make you understand the complicated world of finances. So, let’s see some popular options among fellow finance enthusiasts.
Robert Kiyosaki: Rich Dad, Poor Dad
This book is as much a finance book as it is a memoir. Having its last update in 2017, this book was written “to teach money to poor kids, when the middle class does not.”
Rich Dad, Poor Dad is actually a story that reminisces over the author’s childhood.
Acting as a contrast between his not-so-rich dad and his friend’s dad who just happened to be one of the wealthiest people in Hawaii.
In this book, Kiyosaki explains how to manage your money (or lack thereof) and how to teach your children to do so as well.
The book also explains how to work your way towards a wealthy life, even if your income does not particularly agree with you.
You are taught how to manage your current finances so that you are able to reap benefits in the years to come.
Benjamin Graham and Jason Zweig: The Intelligent Investor
Recommended by Warren Buffett, one of the most successful investors in the world, this book is a collaboration between two professional investors that have great knowledge in the finance world.
In this book, Benjamin talks about methods to make your investment grow in today’s market conditions.
It allows every reader to understand the basic principles of financing, keeping you safe from investment errors and allowing you to create long-term investment strategies.
This book was updated by Jason Zweig – who preserved the original integrity of the book while coming forth with useful commentaries.
This book was described by many to be one of the best finance books to reach financial stability, but also growth and as the best investment book for beginners.
David Bach: The Automatic Millionaire
The subtitle of this book is “A Powerful One-Step Plan to Finish Rich,” and it delivers precisely what it advertises: a single step plan for you to get rich.
This book is actually a finance lesson told within a story. It is about a couple living on a modest income – but who also have two homes free of mortgages while looking up to some decent retirement savings.
The book is actually an explained process on how you can be that couple – minus the gritted teeth, budgeting, and six-figure earnings per year.
This book has been recently updated. Nonetheless, it is still one of the most popular bestsellers of the New York Times.
Considering that it stayed for 31 weeks on the Bestseller list, it is no surprise why so many people consider it one of the best finance books.
Dave Ramsey: Best Money Makeover
Some finance books are simply about getting rich, whereas others are there to help you beat your debt cycle.
In a time when life emergencies, mortgages, and sending your child to college can drill a great hole into your budget.
Ramsey teaches you how to make things more manageable – and eventually overcome your problems.
Just as all of Dave Ramsey’s books, this one is not about how to get rich quickly. Instead, in the book, he is brutally honest about how much work it takes in order for you to be debt-free.
This brutal honesty is exactly what makes Ramsey’s work to be one of the best financel literacy books to read.
Jen Sincero: You Are a Badass at Making Money
If you want to understand finances but do not want to be bored to tears reading an entire finance book, then this book is certainly the one for you.
This will make you chuckle or roll your eyes as you will likely be recognizing your own bad spending habits.
This book is actually based on Sincero’s own life experience. In the past, she had many unhealthy habits that were slowly chipping away at her budget.
Still, throughout time, she learned how to take control over those habits – therefore allowing her budget to grow.
Good money management does not necessarily have to be tedious – and Sincero explains that only a few lifestyle changes might be enough to get you back on track.
By just making a few changes, you should be able to reach the income of your dreams – or so Jen Sincero says.
Marianne Williamson: The Law of Divine Compensation
Bestselling author and renowned teacher, Marianne Williamson is an inspirational thinker that everyone looks up to.
In “The Law of Divine Compensation,” she talks about the spiritual principles that are necessary for you to get over your financial stress. How? By unleashing the divine power, of course.
This book explains that it is actually our thoughts that create our financial reality. What we do and what we think affects our financial future.
Moreover, she says that you will need to believe in the promise of prosperity if you want to be successful in the future.
This book is the bible of those who have lost faith in a brighter future. It will allow you to see past the misconceptions and social myths surrounding money and work, tapping into the spiritual truth of anyone who had hit the bottom of the financial hole.
It is one of the best finance books for anyone who wants to change the path of their financial situation.
Benjamin Graham: Security Analysis
Having been originally published in 1934, this book sold more than a million copies throughout the years.
The book itself went through six editions, being polished and chiseled until it reached the version that it is today.
The book received 200 more pages to the original book – all of them being commentaries given by successful managers on Wall Street.
These people gave their advice on investing, explaining its true value, and focusing mostly on the Graham and Dodd.
Even in today’s market, those principles are highly relevant – which is why every investor needs to be acquainted with them.
The book features a foreword written by Warren E. Buffett, one of the most successful investors in the entire world.
In this foreword, he has mentioned that he read the book “at least four times” in its previous editions and that it has allowed him to become the successful investor that he is today.
Peter L. Bernstein: Against the Gods - The Remarkable Story of Risk
Having a rather unique take on the financing and investment world, this book revolves around the risks you have to take if you wish to be successful.
It is a challenging volume that will allow you to understand every uncertainty that an investor is required to take.
Being the stepping stone for a great number of current investors.
Bernstein has written several other books in economy and finances, each of them being a useful tool for every investor to-be.
Having a particular charm and excitement, this book was written to be easily understood even by those who are beginners in the investment world.
Ernie J. Zelinski: How to Retire Happy, Wild, and Free
Retirement is something that each of us is looking up to – but unless you plan your finances properly, you will not get that “happily ever after you have been looking for.
For you to receive that satisfying retirement, you will need to involve aspects from your life that are separate from adequate financial resources.
In other words, you will have to encompass interesting leisure activities, physical well-being, creative pursuits, solid social support, and proper mental stability.
Once you have managed to put these in order, you should be able to actually benefit from your retirement days.
All because you made some fairly good choices...
Best Financial Literacy Books: Conclusion
Finances are always leading us in this new age – and no matter how much we may want to avoid this area, our success will still depend on it.
If you want to be successful, you will have to read every quality book that you can get your hands on.
It does not matter if you are reading the best economic books or the best financial literacy books.
Each of them will bring you one step closer to be the person that you dream of: a successful investor that will not have to worry about budgeting.
You just need to find the right book to help you understand this complex area – and hopefully, this article managed to narrow your choices down.