The 7 Best Finance Books For Beginners To Read In 2022

One of the best ways to improve your financial situation is to increase your financial education, and the best way to do that is to read a personal finance book.

finance books will teach you how to break free from living paycheck to paycheck, techniques to pay off your credit card debt, ways to deal with your student loans, strategies to increase your net worth, and more.

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Reading books on money management and investing will help you improve your financial future and set you on the path to financial freedom.

Below are my top 5 finance books for beginners.

While I don’t agree with every author’s position on different strategies or subscribe to all of their philosophies, reading these popular finance books will give you the foundation you need to take charge of your financial life.

read on for the best books to learn about money.

why should i read personal finance books?

While personal finance can be a boring subject, there really is no better way to improve your relationship with money than by reading finance books.

By delving into the world of personal finance, you’ll gain the basic knowledge you need to start managing your money in a more controlled and deliberate way.

If you’re interested in leaving the stress of money behind and taking control of your finances, add the following books to your reading list this year.

Aren’t they all the same?

Although many finance books cover the same material, each author has their own philosophy and approach to the topic.

some, like dave ramsey and ramit sethi, offer more practical advice with hands-on, step-by-step approaches to their philosophies, while others seek to be more inspiring in their message.

It’s a good idea to read as many personal finance experts as you can and get exposed to a variety of money management strategies so you can determine what works best for you and your financial goals.

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the best finance books for beginners

Each of these books has had an impact on my financial success, from resetting my attitude about debt and spending to understanding what it really takes to build wealth.

the richest man in babylon by george s. class

The Richest Man in Babylon is my favorite personal finance book of all time.

Instead of taking a purely instructional approach like many books do, The Richest Man in Babylon uses parables to demonstrate financial concepts such as frugality, financial planning, and building your net worth.

If you’ve ever heard the phrase “pay yourself first” but not quite understood exactly what it means, read this book first.

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Also, this book is a very easy read, making it a great starting point for teaching your kids about money.

your money or your life by vicki robin and joe dominguez

your money or your life offers a complete guide to take control of your money by changing your relationship with it.

You will learn to develop more conscious money habits to help you get out of debt and save more money.

Probably what got me the most from this book was the concept of calculating how much time you have to spend working to buy the things you want.

Understanding the trade-off between how much work it takes to pay for different things had a huge impact on my financial decisions.

if you knew it took you 4 hours of work to pay for that lunch at mcdonald’s, would you still buy it?

the millionaire next door by thomas j. stanley

When you imagine a millionaire, what image comes to mind?

For most of us, it’s probably a celebrity or professional athlete flaunting their wealth with extravagant lifestyles.

Surprisingly, these people are actually a minority of America’s wealthy.

The Millionaire Next Door is a fascinating look at who makes up the majority of millionaires in the United States and reveals the 7 common traits they all share.

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This book is great for re-evaluating your assumptions and resetting your expectations.

i will teach you how to be rich by ramit sethi

If you’re looking for a no-nonsense practical guide to the basics of money management, look no further than I’ll teach you how to be rich.

With everything from scripts for negotiating with lenders to guidance on which bank account to use, this book is packed with practical advice on how to save and earn more money.

Where this book differs from others is in its unapologetic approach to spending according to your priorities.

There’s no shame in buying that latte every day if it makes you happy. but that is conditional on it being a conscious choice.

Determine what constitutes your “rich life” and learn how to set up a “conscious spending plan” so you can spend money on the things that make you happy while ruthlessly eliminating the things that don’t.

This book is packed with practical advice, helpful money lessons, and simple steps to improve your overall relationship with money.

total change of money for dave ramsey

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dave ramsey is an icon in the personal finance space and famous for his 7 baby steps.

total money makeover walks you through those 7 steps and offers a no-nonsense approach to cutting your expenses, getting out of debt, and building your wealth.

My journey to financial freedom began with this book, so I have a bit of a soft spot for it, though I don’t agree with or adhere to all of Ramsey’s teachings.

That said, if you’re struggling with credit card debt, this is absolutely the book to read for a step-by-step guide to solving your money problems.

investing books for beginners

Once you feel confident about your daily money management, you may want to consider investing.

Becoming a smart investor means understanding at least the basics of the market and how best to participate in it (whether we’re talking about the stock market or the real estate market).

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the easy path to riches by j.l. collins

My absolute favorite book to start investing in the stock market is The Easy Path to Riches.

Investing in the market can be stressful for the beginning investor, but this is the perfect investment book to make the process easier.

The book began as a series of letters from the author to his daughter to help her with her financial planning.

but upon discovering his lack of interest in personal finance, it became the ultimate guide for casual investors who want to increase their net worth without spending all their time looking at wall street.

If you’re nervous about investing in the stock market, Collins will put your mind at ease with his simple approach and explanation for successful investing.

after reading this book, you will feel more confident to implement your own investment plan. is my number 1 investing book for beginners.

set for life by scott trench

Investing in real estate may not be the right fit for everyone, but if you’re looking for ways to diversify both your income and savings, it’s definitely something to consider.

set for life is not a complete guide to investing in real estate, but it will give you a good overview as well as give you a general framework for planning your financial future.

This book is not your typical investment book. targets young professionals and advises them on how to establish passive income streams and give them the confidence to start building their wealth early so they have more freedom earlier in life.

final thoughts

If you’re looking to increase your financial education, these 5 financial education books for beginners will give you the foundation you need.

From adjusting your financial mindset and expectations to practical tips for taking action, these self-help financial books will help you take control of your finances and start you on the path to financial independence.

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