16 Recommended Financial Literacy Books of All Times that You Must Read
In case of financial success, ideas and strategies matter a lot among other factors. Although there are so many sources of information out there for financial literacy, books hold the biggest, most recommended and authentic sources of information for anyone to rely one. This is because almost every great and wealthy man that ever lived have written about how they succeeded, shared their business discoveries or had their lives studied and recorded in books by someone else.
Have you tried all that you thought would work out in boosting your business and financial status, but it failed? May be all you need is a different strategy and a new initiative. The surest of such financial knowledge acquisition approach is by reaching books written by experts.
Whether you are a beginner, a mid-level entrepreneur or a seasoned investor, reading books about financial literacy is an excellent way to learn about budgeting, allocation, saving and investing.
In this blog post, we have compiled a list of 16 recommended financial literacy books to help you become financially savvy. The books are selected from some of the best personal finance experts in history, including Benjamin Graham, Robert Kiyosaki, Ramit Sethi and John C. Bogle, to ensure you get the best advice.
Our list also includes popular books, such as Rich Dad Poor Dad and The Total Money Makeover, to help you get started in a different and exciting financial knowledge.
You might have heard about some of these books, but this article aims to emphasize on the need for you to read them to gain the best financial literacy ideas of all times. So, get ready to dive into the world of financial literacy with these 16 must-read financial literacy books!
The Following are the Most Recommended Financial Literacy Books that You Must Read
1. The Intelligent Investor by Benjamin Graham:
Benjamin Graham was an influential economist, professor, and investor of British-American descent. He is widely recognized as the originator of "value investing". and is the author of a well-known book, The Intelligent Investor.The Intelligent Investor by Benjamin Graham is one of the most influential books on the topic of investment ever written. Written in 1949, the book has been a cornerstone of investing advice and wisdom for generations of investors. Graham's timeless advice and strategies are still relevant today as they were when the book was first published.
The book is broken down into three main sections. The first section focuses on the principles of investing, including the importance of diversification and understanding the difference between value and speculation.
The second section focuses on the technical aspects of investing, such as margin of safety, market cycles, and portfolio management. The third section deals with the psychological aspects of investing, including the importance of discipline and emotional control.
Graham's advice covers both the short-term and long-term investment strategies, making The Intelligent Investor an invaluable resource for anyone seeking to gain a better understanding of the stock market.
The book is written in an easy-to-understand style and contain several examples to illustrate his points. Graham's advice on investing has been proven time and time again, making this book a must-read for anyone serious about investing. Highly recommended!
The book is written in an easy-to-understand style and contain several examples to illustrate his points. Graham's advice on investing has been proven time and time again, making this book a must-read for anyone serious about investing. Highly recommended!
2. The Little Book of Common Sense Investing by John C. Bogle
John C. Bogle's book, The Little Book of Common Sense Investing, is a must-read for anyone looking to get started in the world of investing.
In this book, Bogle outlines simple, but effective, investing strategies that can help you make smart decisions with your money. He explains how to diversify your investments, minimize costs, and pick the right investments for your goals. He also provides insights into how to evaluate risk, maximize returns, and navigate the financial markets.
The Little Book of Common Sense Investing is a great resource for beginners and experienced investors alike, but more recommended for those who wish to explore great investment ideas for a better decision making.
3. The Millionaire Next Door by Thomas J. Stanley
The Millionaire Next Door is a business book written by Thomas J. Stanley and William D. Danko. The book focuses on the concept of frugality and how it is the key to becoming a millionaire.Frugality is the quality of being economical, prudent or thrifty with money, food or available resources, or simply, economic prudence.
The Millionaire Next Door outlines the traits, strategies, and habits of people who have successfully achieved financial independence and become millionaires. The book is based on research from the authors and from interviews with millionaires in the United States.
It is a great resource for anyone who wants to learn how to become financially independent and build wealth. It is an easy read and is filled with practical advice on how to save money, invest, and create a secure financial future. I will recommend it for those who find themselves having difficulty in financial management through excessiveness, misappropriation and extravagancy.
4. Rich Dad Poor Dad by Robert Kiyosaki
Robert Kiyosaki's book Rich Dad Poor Dad is a must-read for anyone looking to get ahead financially. In the book, he shares the stories of two fathers, his own and that of his best friend's.His own father, the Poor Dad, was a highly educated but financially unsuccessful man. His friend's father, the Rich Dad, was a self-made millionaire who used unorthodox methods to achieve success.
The book is filled with valuable lessons on money management, investing, and entrepreneurship. It is an inspiring read that will leave you with a better understanding of how to build wealth.
Rich Dad Poor Dad is a well-known book and every ready of its copy can never remain the same.
5. The Total Money Makeover by Dave Ramsey
If you're looking to get your finances in order and take control of your money, then The Total Money Makeover by Dave Ramsey is the perfect book for you.This comprehensive guide takes a practical approach to money management, providing step-by-step instructions on how to set financial goals, create a budget, eliminate debt, and create a plan for saving and investing.
The Total Money Makeover is full of real-life examples and stories of people who have successfully used Dave Ramsey's principles to improve their financial situation. This book is an essential resource for anyone looking to take control of their finances and create a healthier financial future.
The book teaches financial literacy in a practical approach with case studies thereby giving real readers no option but to adopt the great ideas in the book.
6. I Will Teach You to Be Rich by Ramit Sethi
Ramit Sethi’s book, “I Will Teach You to Be Rich”, is an essential resource for anyone looking to get their finances in order though expert guide.This book is a comprehensive guide to personal finance topics, such as budgeting, savings, investing, and debt management. Sethi’s approach to managing money is simple and straightforward, and he provides a step-by-step guide on how to achieve financial success.
The book begins by introducing core concepts of personal finance, such as budgeting, savings, and investing. Sethi then explains how to set up systems to manage these concepts and provides tips for creating an effective budget. He also includes advice on how to get out of debt and build wealth.
The book covers a wide range of topics, including how to set up automated savings plans, how to choose the best investments, and how to maximize returns. Sethi also covers the basics of tax planning and retirement planning.
Overall, “I Will Teach You to Be Rich” is an excellent resource for anyone looking to improve their financial situation. Sethi’s writing style is easy to understand and he provides a wealth of practical advice. This book is an essential guide for anyone looking for ideas to get rich.
7. The Wealthy Barber by David Chilton
The Wealthy Barber is an international bestseller written by David Chilton. This book is an easy-to-understand guide for achieving financial success and it is widely recommended by most economists and financial experts.
The main character, Roy, visits a barber and learns important financial lessons from him. These lessons are simple and straightforward, making it easy for anyone to understand. The book covers topics such as budgeting, investing, debt handling, tax appropriation, and retirement. It also provides helpful tips on how to become financially secure.
By taking the time to read and apply the lessons in this book, you can take control of your financial future. If you’re looking for an easy-to-understand guide to financial success, The Wealthy Barber is the perfect book for you.
8. The Automatic Millionaire by David Bach
If you want to become a millionaire, then The Automatic Millionaire by David Bach is the book for you. Written in a straightforward style, Bach lays out a simple plan to help you become a millionaire by automating your finances. He explains how to make the most of your money and how to create a plan that will make your money work for you.
The book also includes tips for cutting back on expenses, saving for retirement, and investing in the stock market. The Automatic Millionaire is an easy-to-follow guide that will help you reach your financial goals.
9. The Bogleheads’ Guide to Investing by Taylor Larimore
The Bogleheads’ Guide to Investing is a must-read for anyone looking to gain a better understanding of the principles of finance and investing. Written by Taylor Larimore, one of the founders of the Bogleheads investing community, the book provides a comprehensive overview of investing principles and strategies.
It covers topics ranging from asset allocation to retirement planning and provides an easy-to-follow guide for readers of all experience levels. The book’s language is straightforward and accessible, making it a great resource for beginners and experienced investors alike.
The Bogleheads’ Guide to Investing is an invaluable resource for anyone interested in taking control of their financial future.
10. The Only Investment Guide You'll Ever Need by Andrew Tobias
Andrew Tobias' book, The Only Investment Guide You'll Ever Need, is an accessible and comprehensive guide for the average investor.
It provides a broad overview of the different types of investments, how to evaluate them, and how to create a portfolio that works for you. With chapters covering everything from stocks and bonds to annuities and mutual funds, Tobias provides a thorough analysis of each type of investment and explains how to make the most of them.
He also offers advice on investment strategies, managing risks, and protecting your assets. The book is easy to understand and provides readers with the knowledge they need to make informed decisions about their investments. For anyone looking to build a successful investment portfolio, The Only Investment Guide You'll Ever Need is a must-read.
11. The Business of the 21st Century by Robert Kiyosaki
The Business of the 21st Century is an essential book for those looking to gain an understanding of the entrepreneurial world.Written by Robert Kiyosaki, the book provides an in-depth analysis of the changing nature of the business landscape, with the author providing insight into the different types of businesses that are available in the modern age. The book covers everything from the basics of setting up a business to more advanced topics such as marketing, finance, and networking.
Kiyosaki offers key advice on how to identify and capitalize on opportunities, and provides a comprehensive understanding of the different types of businesses available. The book also includes case studies and real-life examples to help bring the material to life and make it applicable to the reader.
Overall, The Business of the 21st Century is a great book for anyone who is looking to gain a better understanding of the business world. The book provides an insightful and comprehensive look at the modern business landscape, and can be used as a useful resource for those looking to start their own business. Whether you’re a beginner or an experienced entrepreneur, this book is an essential read.
12. The Index Card by Helaine Olen and Harold Pollack
The Index Card by Helaine Olen and Harold Pollack is a unique and empowering book that gives readers a simple and effective way to manage their finances. Written in an easy-to-understand style, this book provides an overview of the most important principles of personal finance and how to apply them.
The authors discuss the power of budgeting, the importance of saving, and the basics of investing, all within the structure of a 10-by-7-inch index card. This book is a great resource for everyone, from first-time investors to experienced money managers, and it is sure to help readers reach their financial goals.
13. The Money Book for the Young, Fabulous & Broke by Suze Orman
Suze Orman's The Money Book for the Young, Fabulous & Broke is a must-read for anyone looking for financial advice. It offers a comprehensive guide to getting out of debt, saving money, and building wealth.
Orman provides straightforward advice, simple tools, and actionable steps to help readers make smart financial decisions. Her easy-to-follow steps make the book accessible to any reader. Orman also offers helpful tips on topics such as budgeting, investing, retirement planning, and more.
This book is an essential resource for anyone wanting to take control of their finances. I strongly recommend this book for any young person looking to take charge of their financial future from the scratch.
14. The Wealthy Gardener by John Soforic
John Soforic's book The Wealthy Gardener is a must-read for anyone interested in financial freedom and personal growth. Soforic provides practical advice on how to build a garden of wealth and abundance. He covers topics such as financial planning, investing in real estate, cultivating relationships, and more.
The book is written in an easy-to-understand language and contains motivating stories of people who have achieved financial success. This book is ideal for anyone looking to take control of their financial life and create lasting wealth.
15. The Intelligent Asset Allocator by William Bernstein
William Bernstein's The Intelligent Asset Allocator is a must read for anyone interested in investing. The book covers a wide range of topics, from the basics of asset allocation to more advanced concepts like portfolio rebalancing and hedging.Bernstein explains the importance of diversification and how to create a diversified portfolio that meets one's individual needs. He also provides a detailed look at different types of investments, such as stocks, bonds, and real estate, and their pros and cons.
In addition, Bernstein provides insight into the historical performance of various asset classes and their trends, helping readers make informed decisions when investing. The Intelligent Asset Allocator is an invaluable resource for both novice and experienced investors alike.
16. Best for College-Bound Teens: Paying for College, 2023:
Everything You Need to Maximize Financial Aid and Afford College:
This article would be incomplete if we do not consider young people who find it hard to afford the tuition fees, they need to further their studies, and students who are still studying in school but having financial hard time.
Paying for College, 2023: Everything You Need to Maximize Financial Aid and Afford College offers a comprehensive look at maximizing financial aid and affording college, hence, this book is a great resource for college-bound teens.
This article would be incomplete if we do not consider young people who find it hard to afford the tuition fees, they need to further their studies, and students who are still studying in school but having financial hard time.
Paying for College, 2023: Everything You Need to Maximize Financial Aid and Afford College offers a comprehensive look at maximizing financial aid and affording college, hence, this book is a great resource for college-bound teens.
It provides detailed information on the various types of financial aid, including grants, loans, and scholarships, as well as advice on how to apply for aid and how to make the most of the financial aid packages offered. It also offers guidance on budgeting for college and understanding college costs.
This book is invaluable for helping college-bound teens navigate the financial aid process and make informed decisions about how to pay for college and actualize their academic dreams.
In conclusion, financial literacy is a skill that everyone should strive to master. Learning how to manage your finances is an important part of financial success. The 16 Recommended Financial Literacy Books of All Times is a great resource for anyone who is looking to improve their financial literacy.
The book listed in this article can help you learn how to make smart financial decisions, budget, save money, invest, and plan for your retirement or old age. These books will provide you with a wealth of knowledge and insight into several financial topics and help you develop a better understanding of the world of finance and how to make wise financial decisions.
Reading these books can help you become a more informed and financially literate and can be instrumental in helping you set yourself up for a secure financial future and reach your financial goals.
Note: There are several books out there that can take your financial literacy to the next level. Besides the books listed in this article, we will also recommend popular books like Think and Grow Rich by Napoleon Hill and The Richest Man in Babylon by George S. Clason, among others.
Abas Obot
Abasiama Akpan (pen name: Abas Obot) is a creative writer who aims to inspire, inform and educate his audience. His major focus is on human capital development, forged by his educational background, passion, experience, and personal objectives. Founder: Inspired Scoop and Knowledge Trend Media. Social handle @Abasdgreat facebook twitter instagram linkedin email
