There is a common thread among those who have taken radical steps to change their financial situation for the better: They read a book that changed their life.
Perhaps you ended up here because you are ready to shift your financial life onto the positive end of things. You are in the right place.
In this post, I’m sharing 10 of the best personal finance books that will change your life in 2021 and beyond. While some of these are new publications, most of these books were written years ago, but they contain timeless lessons.
Either way, if you read any of the books on this list, you can’t lose.
1. I will teach you to be rich
I will teach you to be rich was published by Ramit Sethi a decade ago, but has just been republished and updated for 2019 – with new conversations about robo investing, FIRE, and more!
This groundbreaking personal finance book. It’s built on systems and tools that will help you achieve your financial goals – in ways that many wouldn’t expect.
Ramit presents ideas in a different way than many financial professionals – and focuses on big wins that will actually make a difference in your overall financial life, rather than trying to starve your way into financial freedom.
I also really appreciate the way Ramit calls out to companies that are awful and shares exactly what he uses to manage his finances.
Read our full book review I Will Teach You To Be Rich here.
Take a look, I’m going to teach you how to be rich here >>
2. The wealthy gardener
The wealthy gardener was published in 2018 and written by John Soforic – a business owner. He gained financial freedom at the age of 50 and wrote this book for his college-aged son about what it means to be successful.
The book is written more in a “parable” style because of the author’s intent – to give his son advice on what it takes to be financially successful.
If you want to read books in this format, this is a good one for you.
Plus, every opportunity we see to help Millennials and other adults warms our hearts.
Check out The Wealthy Gardener here >>
3. The Total Money Makeover
The Total Money Makeover is a classic personal finance book by Dave Ramsey.
If you need a practical, step-by-step guide to paying off debt and building wealth, this book is a must have.
Over the years, Dave has received a number of criticisms for his ideas beyond fighting debt (including investing and insurance). However, when it comes to reducing debt, there really is no better mindset and resource than The Total Money Makeover.
Beyond the book, Dave has a large number of motivational and inspirational followers online – including Instagram and Facebook.
Check out The Total Money Makeover here >>
4. The millionaire next door
The millionaire next door is one of the older books on this list, but the lessons in this book are timeless.
in the The millionaire next doorDoctors Thomas Stanley and William Danko interviewed real millionaires to learn what it took to achieve that status.
Many of the lessons in this book are groundbreaking and ridiculously simple when you first read it. And to be honest, most of the world’s best kept secrets are very simple.
We love this book, and it even inspired us to write about the secrets your millionaire neighbor won’t tell you.
Check out The Millionaire Next Door here >>
5. Broke Millennial takes on investments
Broke Millennial takes on investments is a book that just came out and focuses almost entirely on investing. We love this because too many millennials don’t invest for a variety of reasons.
She tackles the problems of young investors head on – with an emphasis on simplifying the potentially complex world of investing.
As a result of her first book, Broke Millennial, she focuses on young adults who know they should, but don’t, “do” something.
If you’re looking for a book that makes investing topics easy (and easy to read), read this book.
Check out Broke Millennial Takes On Investing here >>
6. Why didn’t they teach me that in school?
This book was recommended by eBay, Forbes, and Lifehacker as one of the top graduation gifts for college graduates. And for a good reason. Most of us never learned how to handle money in school.
Why didn’t they teach me that in school? by Cary Siegel seeks to reverse this with 99 useful hours of money to prepare you for life.
As someone who consistently helps people with money, I can’t understand why we teach the subjects we do in high school but mostly ignore the fundamentals of money management. This book seeks to change that.
While you may not agree with all of the 99 ideas and lessons, a large part of this book is solid advice that should be read for anyone looking to improve their finances.
Read here >> Why didn’t you teach me that in school?
7. The easy way to get rich
The easy way to get rich by JL Collins was written as a guide to teach you how to easily start investing in your future.
Collins basically describes exactly how you need to think about building wealth, from cutting costs to investing in low-cost index funds.
The great thing about this book is that it is fairly short and easy to read, and makes a great graduate gift idea!
Check out The Easy Path To Wealth Here >>
8. Financial freedom
Grant Sabatier, the author of this book, has an incredible story.
At the age of 24, Grant was broke and tells the story of how he had $ 2.26 in his bank account.
At the age of 30 Grant had become financially independent and now writes the blog: Millennial money.
Grant’s book is an inspiring story about what you can do when you’ve decided to take the steps necessary to get out of a difficult financial hole.
This book is important reading for anyone on their way to FIRE – Financial Independence and Early Retirement. While the math of FIRE is simple, the psychological components are not. This book is designed to help you understand both money and the spirit of financial freedom.
Check out the financial freedom here >>
9. Rich father Poor father
Rich father, poor father is another older, yet classic book on the list.
In this book, Robert Kiyosaki shares lessons learned from a rich man he met in his childhood.
He compares and contrasts this with the money lessons he has learned from his biological father (poor dad).
This book is mostly about the mindset required to be in control of your financial life and get rich.
Robert Kiyosaki is another controversial financial figure – some of his current projects are controversial, and even some questions about how true this book is.
But readers should really only focus on the financial principles of this book – there is solid advice here, and it can be of tremendous benefit to readers.
Check out Rich Dad, Poor Dad here >>
10. The personal MBA
Last, but definitely not least, is on this list The personal MBA.
Aside from paying off your debts and making smart investments, one of the best ways to build wealth is to start your own business.
Starting your own business has the potential to generate unlimited income. And with this income you will achieve financial freedom.
In the past, starting a business meant you had to go to business school. The requirement is no longer absolutely necessary.
The personal MBA Here you will learn business principles and lessons that you don’t have to pay for an expensive business degree.
Take a look at the Personal MBA here >>
Although there are schools in the United States that now offer personal finance lessons, the education is insufficient. Educating yourself is your best bet if you want to achieve financial freedom.
In this post, we’ve shared the 10 best personal finance books that could change your life this year. Which ones did you read? Let us know in the comments below.