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 financial literacy 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 financial literacy 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 ultimati financial literacy book?
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 financial literacy 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 financial literacy 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 financial literacy and 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 financial literacy 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 financial literacy 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 financial literacy and economy, 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...
Tony Robbins – Unshakeable: Your Financial Freedom Playbook
As world’s #1 life and business strategist, Tony Robbins, the man who has coached more than 50 million people from 100 countries, came up with this amazing book.
Teaming up with the #1 financial advisor in the US for 3 years, Peter Mallouk, it’s not such a surprise that this financial literacy book has potential.
Together, these two have come up with some ideas for you on how to become economically volatile, and someone who can be financially stable.
This book does a great job of telling you how to become financially free by completely transforming your financial life
It can be done through hard work, regardless of your life stage, salary and other such factors.
Through this book, you can learn about the 4 principles that many of the world’s greatest minds use for financial well-being.
Moreover, you can find out about strategies from the top investors of the world. Thus, you will discover ways to protect yourself and your family from financial hardship.
It is one of the best financial literacy books you can find, so you shouldn’t refrain from purchasing it if you have the chance. It might help you achieve a fulfilling financial life.
John C. Bogle – The Little Book of Common Sense Investing
Sometimes, in order to gain financial stability, you have to be smart when it comes to the market.
It is possible to do so through this book by John C. Bogle, a book in which he talks about his ways of obtaining more through investing, respectively through low-cost index funds.
Basically, it is not a financial literacy book. The author explains how you can invest in such a way that you can build wealth over the long term.
All in all, it can be done through buying and holding a mutual fund that tracks a broad stock market index, at a very low cost.
In addition, Bogle made sure to include two chapters that serve as guidance for those who want to invest.
One of these chapters focuses on retirement investing, whereas the other talks about asset allocation.
That being said, if you want to become a better investor and win over the long term, this book can definitely help you in this regard.
Daniel Kahneman – Thinking, Fast and Slow
Kahneman knew what he was doing when he wrote this book, as it is a way to engage the reader in a conversation about the way people think.
Basically, the author does a great job in revealing how our intuitions are not to be trusted at all times, and how slow thinking is beneficial.
Moreover, he talks about how you can overcome the thoughts that are often obstacles in your way towards success.
Although it isn’t solely based on finances and investing, it’s a prime step towards improving your mental state in such a way that financing becomes much easier.
Kahneman explains the two systems that lead the way you think.
With that being said, one system is centered on the logical way of thinking, while the other on the emotional and fast-paced one.
So, he is trying to show you the pros and cons of these ways of thinking and helps you understand them and use them to your advantage.
If you’re interested in such things and you think that the mind is the key to unlocking the secrets to a good financial life, then this might be one of the best financial literacy for you.
Vicki Robin and Joe Dominguez – Your Money or Your Life
When your relationship with money is not as good as you’d like it to be, this financial literacy book comes as a savior.
Basically, it is considered a book that anyone should read whenever financial struggles are being too harsh.
This life-changing book is telling you about 9 steps you should take, and how each one will help you get back on your feet and attain personal finance fulfillment.
As such, thanks to Vicki Robin’s guide, a huge number of people has been able to have a more meaningful life and live more deliberately.
It is a wonderful guide that works regardless of your age, and it goes into detail about more topics.
Some of these include managing revenue streams, tracking your finances online, investing in index funds, and the list can go on.
Besides, the book will show you how to get out of debt, save the planet while saving money (which is a great topic), and many others.
If you want to live a much happier life on the financial side, this is definitely one of the best financial literacy books that could help you do that.
Suze Orman – Women & Money
If you’re a woman, you might want some special advice on how to handle the dysfunctional relationship you have with money.
It can be really complicated, and it’s even harder to get on the right track without someone giving you a hand.
Suze Orman may have just the solution what you need regarding this issue, as she offers it through this book.
It pretty much offers you just the right mix of compassion, insight and soul-deep recognition.
So, she gives women the financial knowledge they need to overcome any obstacle in their way, as well as the emotional awareness to act in the best interest of their money.
The book gives its female readers a five-month program, which is meant to give them long-term financial security.
Additionally, Suze Orman talks about something more important than money, which is a woman’s sense of who she is. This will help you find out your own worth, as well as how to save yourself and your financial life.
Besides the very useful five-month plan in the book, you will find some other details that could prove themselves to be very helpful.
These include the 8 qualities of a wealthy woman, information on how to value yourself, analysis of the causes and effects of reckless financial behavior, and many others.
All in all, it’s a good addition in the library of every woman who seeks financial closure.
Burton Malkiel – A Random Walk Down Wall Street
Another one of the best finance literacy books out there is definitely Burton Malkiel’s “A Random Walk Down Wall Street”.
Being a million-copy bestseller, it should definitely serve as a useful tool if you want to gain financial strength and stability. So, not a typical financial literacy book but good anyway.
It has been revised and updated with many new investment strategies for retirement, as well as the insights of behavioral finance.
Not only that it teaches you about finances in their essence, but it also reveals the psychology found behind investment decisions.
Basically, the author evaluates the range of investment opportunities, from bonds, stocks, and many others.
Also, it comes with strategies for rearranging your portfolio for retirement, along with the classic life-cycle guide to investing.
For those who seek a good financial life, this book is a must read. The great thing is that it works for people of any age, especially those who are just about to start a portfolio.
Having said that, if you want to become a good investor and join the market, you should make sure you follow Malkiel’s steps presented in this book.
It’s one of the best investing guides you will find, and it deserves its place on the list of best books about financial literacy.
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.
Therefore, this list consisting of the best financial literacy books should be enough to show you the path that leads to financial fulfillment.
They could represent the first step toward making your life better. You just have to find the book(s) that fits your needs, and then you’re ready to take over the market.