Learning basic financial management can seem overwhelming at first. If you aren’t even managing to pay all our bills on time, surely you don’t need to understand investments and interest rates TOO, right? Well, here are some great books to help make your finances seem a little less baffling.
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Financial Management Books For Beginners
The classic, first book you should read is Total Money Makeover by Dave Ramsey. There’s a reason it’s THE go to money book. If you don’t have a good grasp on your money, start here.
While not everyone agrees on the exact details of the baby steps, sometimes just having a step by step plan to follow can really help you focus and get started.
My all time favorite book on managing money is The Millionaire Next Door. So often we have a picture in our head of what being wealthy looks like. Chances are that picture is straight up wrong.
Many of the signs that we believe indicate wealth just indicate big spenders. True wealth is harder to spot. Luckily for us, that makes it easier to build.
If the idea of investing in the stock market makes you ill, or you really don’t understand what all the different words like stocks, bonds, and IRA mean, read The Little Book Of Common Sense Investing. It’s not gamble if you do it right. And there’s no better time to get started than right now.
Now, if you have a good grasp on basic retirement accounts, the rest of your finances are in order, and you want to have a little fun, check out The 10-Minute Millionaire. It has some detailed information on other ways of investing besides low cost index funds.
And finally, if you want a true perspective on wealth and the responsibilities that come with it, there is no better reading than the famous essay by Andrew Carnegie, The Gospel of Wealth.
These are my all time favorite books on financial management. Have you had any that really helped you? Share your favorite books on money in the comments!
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