2017 RANKING & REVIEWS
TOP RANKING BEST BOOKS ON PERSONAL FINANCE
Finding the Best Books on Personal Finance
Learning to manage and budget your money isn’t always a simple task. Finances can be tricky; that’s why taking the time out to read financial planning books can help greatly.
Step into any major bookstore, and you’ll see a neverending array of finance books to read.
Money advice books are a dime a dozen, but finding the best books on personal finance can make a significant difference in helping you make the most of your money.
Award Emblem: Top 6 Best Personal Finance Books
Whether you’re a recent college grad starting your financial foundation or an investor looking to invest your capital wisely, books on financial planning can help suggest the best paths to embark on.
With our comprehensive detailed review on the best books on personal finance, you can begin to find your way. No matter what financial struggle you wish to overcome or learn to avoid, there is a best personal finance book for you.
How the Best Money Management Books Can Help You
Keeping track of your finances is an ongoing process that many people struggle with. After all, if money management was as simple as quick-fix books on personal finance claim it is, then we’d all be financially stable.
This is why selecting the best books on personal finance is so important, as there are many different kinds of advice available to readers.
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With the best money management books, you can receive applicable advice on:
- Increasing your money
- Investing wisely
- Saving money
- Reaching financial goals
- Eliminating debt
Since no one financial management book can cover all of these topics in the great depth necessary, we’ve compiled the best money management books based on each of these factors.
AdvisoryHQ’s List of Top 6 Best Books on Personal Finance
List is sorted alphabetically (click any of the best money management books below to go directly to the detailed review section for that book):
- I Will Teach You to Be Rich by Ramit Sethi
- The Investment Answer by Daniel Goldie & Gordon Murray
- The Millionaire Next Door by Thomas J. Stanley & William D. Danko
- The Total Money Makeover by Dave Ramsey
- Tools of Titans by Timothy Ferriss
- Women & Money by Suze Orman
Top 6 Best Books on Personal Finance | Brief Comparison
Best Personal Finance Books
Financial Topic Covered
I Will Teach You to Be Rich
Banking, saving, budgeting, & investing
The Investment Answer
Daniel Goldie & Gordon Murray
The Millionaire Next Door
Thomas J. Stanley & William D. Danko
Increase net worth
The Total Money Makeover
Paying off debt
Tools of Titans
Financial tips & tricks
Women & Money
Table: Top 6 Best Money Management Books| Above list is sorted alphabetically
- Are the authors of the best money management books qualified to provide information on the subject?
Many of the authors writing the best books on personal finance have had career paths that centered on analyzing finances or entrepreneurship.
These experiences have given them the knowledge to write good finance books that will help people get their budgets and investments in check.
- Should I consider reading more than one book on this list of the best books on personal finance?
Depending on your current financial situation, you can absolutely find a well of knowledge in more than one financial management book.
If you need personal finance books to help you eliminate your debt so that you can then begin investing money sensibly, then you may find that two different money management books work for you.
- Are any of these money management books attempting to sell me a product or financial system?
The best money management books that we’ve suggested are good finance books because they are simply trying to educate.
You won’t be obligated to buy into a gimmick with these personal finance books.
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AdvisoryHQ’s Selection Methodology
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Detailed Review – Top Ranking Best Books on Personal Finance
Below, please find the detailed review of each book on our list of the top ranking best books on personal finance. We have highlighted some of the factors that allowed these best personal finance book and best money management books to score so highly in our selection ranking.
I Will Teach You to Be Rich by Ramit Sethi Review
Behind the New York Times bestseller I Will Teach You To Be Rich is author Ramit Sethi. Sethi is a personal finance advisor with a Stanford degree and a background in technology.
Image Source: I Will Teach You to Be Rich
I Will Teach You to Be Rich is the best personal finance book for individuals looking for a step-by-step guide on how to improve their financial situation.
Detailed Overview of I Will Teach You To Be Rich
As one of the most significant finance books to read, Sethi introduces readers to the four pillars of personal finance.
These four pillars include:
Sethi goes over each pillar, explaining the necessary steps that need to be taken in order to achieve financial success in each one.
People in their 20s, especially, will find Sethi’s book to be one of the top personal finance books to help them get their finances established.
As one of the best money management books, Sethi gives incredibly practical advice on the use of his financial management book.
While some of the more gimmicky books on financial planning focus just on the money, Sethi teaches readers tips about taxes, how to budget efficiently, and even how to get a CEO to take you out to lunch!
The reading is light and easy to follow, making it one of the books on personal finance that everyone should consider reading.
The Investment Answer by Daniel Goldie & Gordon Murray Review
Daniel Goldie, President of Dan Goldie Financial Services LLC, and Gordon Murray, former Wall Street executive, provide readers with the best personal finance book for investors.
As far as financial planning books go, The Investment Answer is the definitive guide to investing. The financial management book is easy to follow and won’t confuse first-time investors.
Detailed Overview of The Investment Answer
As one of the best books on personal finance, Goldie and Murray take readers into the five step decision process every investor must go through.
The five steps include:
- The do-it-yourself decision
- The asset allocation decision
- The diversification decision
- The active vs. passive decision
- The rebalancing decision
These five steps are explained in detail, helping investors make the most informed decision.
While many books on personal finance talk about investing in abstract terms, Goldie and Murray turn it into an applicable method.
As far as good finance books go, The Investment Answer is among the easiest to read of the books on financial planning for investors.
The content in the book is simplistic enough for the first-time investor to completely grasp but still filled with enough detailed information, making it one of the top personal finance books to read.
The Millionaire Next Door by Thomas J. Stanley & William D. Danko Review
If you’ve ever been curious about how the wealthy manage their finances, Thomas J. Stanley & William D. Danko’s best personal finance book will provide you with insight.
The Millionaire Next Door is one of the top finance books to read for individuals hoping to adapt the habits of millionaires.
While a number of personal finance books look into the specifics of budgeting cash flow, this financial management book looks more into the daily habits of millionaires.
Detailed Overview of The Millionaire Next Door
What makes this financial management book one of the most influential personal finance books is the unique approach taken by Stanley & Danko.
Stanley & Danko decided to survey individuals with an estimated net worth of at least $1 million. Their surveys focused on the individual’s method of saving, spending, and work values.
This is one of the best money management books to inspire you to begin following the habits of the wealthy to accumulate your own wealth.
Disproving the Popular Myths
Stanley & Danko’s best personal finance book works to disprove many of the unfounded myths surrounding the wealthy.
While many individuals assume that most wealth is inherited or only attained by the most intelligent, the authors of this book disprove that entire train of thought.
This further proves that personal finance books can have a profound effect on your current and future financial situations.
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The Total Money Makeover by Dave Ramsey Review
National best-selling author, businessman, and motivational speaker, Dave Ramsey, educates individuals on how to get out of debt in one of his best money management books.
By comparing his financial plan to a workout plan, Dave Ramsey promises to help get your finances into tip-top shape by the end of his financial planning book.
Detailed Overview of The Total Money Makeover
Take Control of Your Debt
The main premise of many financial planning books is to help individuals pay off all of their debt.
However, what makes Ramsey’s one of the best money management books is his ability to lay out the exact steps needed to not only eliminate your debt but then build on that momentum to build lasting wealth.
His 7-step solution mapped out in his money management book is geared toward effective goals to help you take control of your funds.
Pay Off Your Debt & More
Although this is one of the best money management books to help pay off your debt, Ramsey also provides sound advice to increase your money as well.
Ramsey addresses ways to save up for retirement in order to avoid living paycheck to paycheck.
As one of the top personal finance books, you’ll be given clear instructions on money myths to avoid that could prove to be disastrous and instead focus on taking steps toward a “financially fit” bank account.
Tools of Titans by Timothy Ferriss Review
Serial entrepreneur and angel investor Timothy Ferriss introduces readers to the routines and habits of billionaires, athletes, and celebrities in his best personal finance book.
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Ferriss probes into the minds of the successful in this financial management book, specifically looking at the giant leaps of faith they took with their money.
Detailed Overview of Tools of Titans
Adapting the Habits
As a successful author, entrepreneur, angel investor, and advisor to Facebook, Twitter, and Uber, Ferriss is a reliable source for good finance books.
With Tools of Titans, Ferriss answers the questions that many individuals have about the extremely wealthy.
Such questions include:
- What does their morning routine consist of?
- What supplements do they take?
- How do they start their mornings?
By answering these questions in his best personal finance book, Ferriss hopes to shed light on what contributed to these people’s major success, both financially and personally.
Developing the Habits
After introducing you to the habits of the successful, Ferriss then helps you figure out how to better develop your own.
As one of the best books on personal finance, this book can help you learn how to better focus your money habits and manage your finances more efficiently.
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Women & Money by Suze Orman Review
Focusing on the unique financial situations of women, financial advisor and author Suze Orman shares her personal insights in one of her best books on personal finance.
Acknowledging that men and women work and make money in incredibly unique and different ways, Orman helps women tackle their personal finances in this powerful financial management book.
Detailed Overview of Women & Money
The Save Yourself Plan
Between the covers of one of the top books on financial planning, Suze Orman introduces women to The Save Yourself Plan.
This is one of the best finance books to read for women who are trying to figure out their finances for the first time.
The plan is a five-month program that you can follow to begin saving money and planning long-term for your future.
The program encourages women to place a certain amount of their paycheck aside in order to save it for a “rainy day” emergency.
Connecting Women & Money
In her financial management book, Orman makes it clear that women have a very distinct relationship with money and that it hasn’t always been a positive one.
As one of her best money management books, this title from Orman attempts to bridge the gap between women and their finances by educating them on more financially sound decisions.
This is one of the books on financial planning that women looking to gain financial independence should look into.
Conclusion—Top 6 Best Books on Personal Finance
As you can see, learning to manage and improve your financial situation isn’t always the easiest task.
However, investing in some of the best books on personal finance can make a substantial difference to your mindset toward your money goals.
With the best personal finance book, you will get detailed advice that helps you in your current financial situation.
Whether that is looking for investment opportunities, getting out of debt, or picking up new habits, there are finance books to read for your particular needs.
With this comprehensive guideline of the best money management books, you can begin reading the best personal finance book and start managing your money more efficiently.
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