10 Best Finance Books of All-Time
Do you want to learn more about finances and managing your money but have no idea where to begin? Well I have good news for you! You’re in the right place. We tackle all kinds of financial issues on this blog so if you haven’t signed up for the mail list yet I suggest you go sign up at the bottom of this post . We’re going to cover the 10 Best Finance Books of All-Time today!
We know these days time is scarce so we summarized each one for you. Disclosure: We don’t get paid to promote these books, we just think they’re the best of all-time. There are different tactics and tools people have used to manage their finances, there isn’t a one size fits all solution. Sprout believes in short-term goals, managing your cash flow short-term cash and making finances fun. It doesn’t work for everyone and that’s why we decided to make this list.
10 Best Finance Books of All-Time
Growing up in a house that was not comfortable talking about money made me wary of my saving and spending skills. Reading Rich Dad, Poor Dad by Robert Kiyosaki made me realize I grew up with ‘Poor Dad’. Robert Kiyosaki challenges our beliefs about how we earn and save money. While the book does not have step-by-step road maps to becoming financially independent, the shift in perspective about money is of real value and that’s why we think it’s on of the best finance books you could read. Robert Kiyosaki is also known for his financial game, check it out here CashFlow.
It was noted in this article that David Chilton’s unique focus in The Wealthy Barber and The Wealthy Barber Returns is on our spending habits, not our saving habits. He reinforces that we should live within our means and be mindful of what we are spending our money on. The pressures of consumption push us to spend money in areas we don’t need to. The Wealthy Barber is an easy-to-digest read that lays out some important reasons to watch your dollar, clearly making it one of the best finance books on the market.
Ramit Sethi wrote one of the best finance books because he took a psychology lens on budgeting and finances. He explains that he uses psychology to “focus on what actually works”. This book provides tactics and skills to better understand money, which you can later turn into a system for managing your money. Read up more about Ramit and how he believes we should all start saying ‘yes’ more often to the things we desire.
Looking for ways to save money? Whether it is a quick solution to make a dollar or a long-term plan, Kerry Taylor has laid out some creative ways to get out of debt. Since there are actionable plans in this book we think it’s one of the best finance books out there. We love actionable information! Use this book as a brainstorming tool to find new and innovative ways to afford yourself a new car or pay off your mortgage sooner.
Gail has educated many households on their debt; offering exercises that teach you how to be debt free. She especially warns against consumer debt and teaching people how to openly talk about money in a way that doesn’t make it feel overwhelming. Her approach in Take Control of your Money and you Life makes it one of the best finance books you could read. You can find her advice on everything from kids and money, saving as a student, smart credit, and budgeting on her website. The first step to taking control of your money is to take control of your debt and Gail Vaz Oxlade can help you do just that.
Get a Financial Life is geared for people in their 20’s and 30’s who are dealing with paying off their student loans and saving for their first home. I think this is one of the best finance books because I can fully relate as I came out of University with over $45 000 in debt. Beth Kobliner focuses on helping her readers understand how to pay off credit card debt, optimize their student loan repayment plan, curating their health insurance, investing in the stock market, and shopping for auto loans and mortgages. A great resource for understanding the tools and methods available to you when getting your finances in order.
We can’t talk about the best of the best finance books without mentioning Dave Ramsey. David has been educating people on the principles of proper money management for many years. His book, the Total Money Makeover outlines 7 steps that will bring you out of debt; a completely new way to overhaul your money habits. He has a large following on Instagram and a great community to join (we are part of it) is #debtfreecommunity on Instagram. Tons of people sharing their journey to debt freedom.
While a review by J.D. Roth suggests that this book may feel unorganized as you read it, they express that Trent Hamm does a great job of getting to the core concepts without a lot of fluff. We don’t like fluff and that’s why we think it’s one of the best finance books for people who don’t like fluff. Hamm gives a ‘framework for freedom’ and focuses on the importance of frugality as a means to manage your financial well-being. He suggests to find inexpensive ways to do the same things, only go shopping when you know what you want, and cutting back on things that matter to help you get back on your feet.
One of the best finance books for the practical. Unsure of where to begin when creating a budget? Or getting a picture of your financial plan is overwhelming? Tere Stouffer breaks down the process into easy-to-follow steps, lists, and goal-setting exercises that make the process of budgeting a positive experience. Use this book to better assess your current situation and make a plan for your future without stress.
Invested recounts Danielle Town’s one-year journey of learning how to invest. She writes it alongside her father Phil Town, and together they teach you strategies for investing. Is the topic of finance, investing, and savings overwhelming? Danielle and Phil give you empowering tools so you feel in control of your financial well-being. The father-daughter dynamics makes this one of the best finance books and we felt the read was approachable and relatable. Read more about their story here.
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Whether it is assessing your financial situation, creating a budget, paying off debt, or looking ahead to long-term investment plans—there is a book for each flavour. However, if you are looking for faster help and actionable steps that’s what we do at Sprout. Sprout is focused on helping Millenials manage their cash in a way that suits our fast-paced lives. Proven methods paired up with tomorrow’s technology, that’s Sprout.
“Reading gives us someplace to go when we have to stay where we are” ― Mason Cooley
Let us know if you’ve read any of these books and what you thought. Are there any other books that didn’t make our list that you’d recommend? Let our readers know and comment Below.
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