At this time of the year, outside is cooler (read colder) and people typically spend more time indoors. Reading is one of my favourite activities and if I can squeeze in a good book or ten, I am here for it. This time of the year also reminds me that a new year will soon be here. And with a new year comes new goals, new experiences, new challenges and new solutions. One of the main goals that I will try to get started on is to find more books to read about personal finance.
This year, I did not read as many books as I wanted to – not even those investment books that I added to my reading list in early 2017. Instead, I was engulfed with new beginnings and situations which showed me how precious time is. The good news however, is that I read a lot of personal development blogs and researched new ways to make my life more fulfilling. Even this blog was put on the back burner for a while as I made decisions about where I wanted it to go.
When I first started Odd Cents, I knew that I wanted to write about personal finance. But years of experience has taught me that personal finance is an extremely broad topic. However, when it comes to books, the best books to read about personal finance cover all of the main topics. I find that it’s more useful to use one source that contains all of the information that you need. This reminds of the Project Management Body of Knowledge, which is a one stop guide for project management and project managers.
Books to Read About Personal Finance
I’ve sourced a few books to read about personal finance that I’ve added to my book reading list. I have not read any of them as yet, but from the reviews that I’ve seen, they seem like pretty interesting reads. My plan is to start reading a bit more – at least one book a week, to increase my knowledge and to refresh my mind.
I love this list of books to read about personal finance, because they are very in depth and their tables of contents are robust and cover pertinent personal finance topics.. When deciding which book to purchase, many people take a look at the back and maybe the preface or introduction. When I’m looking to purchase any self-help book, I scan the table of contents first. This immediately lets me know if the book contains the information that I’m looking for or if it’s a dud that I should just put back.
1-The Total Money Makeover
This book by Dave Ramsay, nicknamed America’s favourite finance coach, is one of the best books to read about personal finance. This is because it is thorough and covers all of the core topics that anyone interested in learning how to manage their personal finances should know.
2-The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
The Millionaire Next Door “identifies seven common traits that show up again and again among those who have accumulated wealth.” The book reminded me of my belief that the true millionaires are the ones who look just us and the ones who take frugal living to its highest heights.
3-Why Didn’t They Teach Me This in School?
This is one of the reasons why I started Odd Cents. I felt as though personal finance should have been taught in schools. Do you know how many people would have been saved the heart ache? If you have a friend who is struggling and could benefit from some help, send them this book as a gift.
4-How to Manage Your Money When You Don’t Have Any
People with severe money issues, don’t want to hear about saving. This is because the money that they are making is likely going towards fixing those issues. This book starts from the beginning of your money woes by showing you how to accurately define the problem.
5-Money Honey: A Simple 7-Step Guide For Getting Your Financial $hit Together
Written by author and former financial advisor Rachel Richards, Money Honey is the personal finance newbie’s dream to getting your financial life together. Readers are introduced to topics about savings, debt, investing, taxes and insurance and strategy.
6-The White Coat Investor: A Doctor’s Guide To Personal Finance And Investing
Although this text was written for those in the medical profession and other high-income professionals, it has some interesting thoughts. Written by a practicing emergency physician, the book includes topics such as retirement, asset protection, income and taxes and estate planning.
Are you the type of person who learns better with case studies? This text uses a wide range of methods, including case studies to impart valuable lessons about personal finance. Learn about personal financial planning, money management, income and asset protection and investments.
Consider these books if you are looking for the best books to read about personal finance. Take your time to take in the information and then make a plan for how you will incorporate the lessons into your life.
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