If you’re looking at getting out of debt, building a buffer between your income and expenses, and investing for the long term (perhaps for early retirement), then here are 3 personal finance books that will help you reach your goals. The best part? You don’t have to read the entire books (though I highly recommend it).
Your Money or Your Life by by Joe Dominguez and Vicki Robin
This book has been positively reviewed many times and rightly so. Dominguez and Robin not only explore how to manage your finances in detail, they also examine why people spend money and what that can mean for a person’s quality of life.
If you read and absorb the entire book, you’ll learn:
- exactly how to get out of debt and develop savings
- how live well for less and set up priorities for how your spend your time and energy
- how to save money with your day to day routine
- to develop and learn new skills to aid you in becoming more self-sufficient
I Will Teach You to Be Rich by Ramit Sethi
Ramit is a master of creating systems for your finances – bill payments, investing for retirement, negotiating with your credit cards. He’s creating script and specific tactics to help people reach their financial goals without spending a ton of time each month.
What I appreciate was his system to automate finances to take care of important goals while including money to spend on the thing you enjoy. It’s not a cure all, but he has a great way of framing budget creation to get you on board.
If you read the entire book, you’ll learn:
- how to pick the best credit card for your needs
- how to avoid banks’ marketing pitches and instead get high, interest no fee accounts
- how to open a 401(k) & IRA (and how to invest with them)
- howto create a spending plan that helps you reach long term goals while having fun now
You can read my full review here.
The Bogleheads’ Guide to Investing by Taylor Larimore, Mel Lindauer and Michael LeBoeuf
This is a fantastic resource if yo want to understand investing and the long term view.This is a greta book to grab after you have your other financial goals set in place.
Some highlights from the book include:
- what investing principals you can use for your portfolio
- how to buy bonds and mutual funds
- finding the right asset allocation for you
- how to reduce taxes on your investments
- how to manage a windfall
Thoughts on the Best Personal Finance Guides
There are ceratinly some other great resources out there, but if you’re pressed for time and you don’t want to read a ton of books, those 3 I mentioned can get you on started to financial freedom.
I shared my top picks on which books I think will help you get your finances in the best shaped. I’d like to hear what you think. What books do you recommend to help someone go from A-Z with their money?
Photo Credit: Ian Wilson