Books saved my life when I was at a really low point in my life, especially my bank account. It’s amazing how you can get years of advice within just a few days (depending on how fast you can read).
My love of reading didn’t develop as just a habit, it was necessary to get me on the path to financial freedom. What I didn’t know at the time was that it nursed me back to health, spiritually, physically, financially and emotionally.
I want so badly for it to be the same for you too. You deserve to be healthy. You deserve to have all the riches in the world. And most importantly, you deserve to lead a life that fills you with purpose and ultimately lead to unlimited happiness.
Here are a list of 6 best personal finance books I’ve personally read that will really help you change your mind about what’s possible with your money.
You Only Live Once by Jason Vitug
This book features Jason’s story from he was miserable even with his high income to turning his life around to help others with their financial situation. It is really inspiring. His mission to help others led to him creating the “Road to Financial Wellness”, where he held events all over the US to help as many as he can with their personal finances.
I’ve read this book on more than one occasion and probably gifted it to a dozen others. If I had to choose which one was one of the best personal finance books of all time, this would be it. It covers why it’s important to clearly define your values, how to figure out your current financial situation, and a road map to get to financial freedom and beyond.
The Recovering Spender by Lauren Greutman
Lauren Greutman was $40,000 in debt and began her journey years ago, helping her family get back on the right foot (check out her interview with me where she talked about getting into debt over her network marketing business). This book goes into detail about her journey in and out debt (it’s a doozy but the emotions she goes through are eerily similar to mine) and a detailed plan on how you can get out of debt. Throughout the book it really felt like she cared for my well-being and what she outlines is actually quite simple.
I had to add this as one of the top 6 best personal finance books because so many could relate to her story, including yours truly.
Dear Debt: A Book About Breaking Up With Debt by Melanie Lockert
Melanie is such a kind soul and her book features her letters she wrote to her debt when she was paying it off. It also features letters from other people as well. I consider this one of the best personal finance books out now because not only does Melanie go through some really practical steps to help you pay down the debt, but she shows you ways to still treat yourself. She goes through very common emotions you go through when paying off debt, which is really helpful.
Zero Down Debt by Greg Johnson and Holly Porter Johnson
Greg and Holly are living my dream life (can I please get paid to travel?). They went from being in a lot of debt to quitting their jobs to pursue their business online (their blog Club Thrifty as well as a very profitable freelance writing business). Their book is easy to read (and short too, which means you can finish it quickly and get started doing what you need to do) and leaves lots of spaces for you to write notes if you need to.
Money: Master the Game by Tony Robbins
Say what you will about Tony (ha, I use his first name like he’s my friend), but he has some really great nuggets of information anyone can learn from. When I first heard about this book, I was really skeptical, but Tony has written a pretty easy read. It’s no wonder this book is on many other people’s list as one of the best personal finance books of all time.
Tony took the time to interview people who are considered world financial experts for this book. Think Warren Buffett and Steve Forbes. The book is structured as a 7 step blueprint to help you “master” the game, or achieve financial freedom.
The Art of Happiness by the Dalai Lama
This was the book that got me started to my journey to financial freedom. Yes, it’s not specifically a money book, but it offers you different perspectives on what it takes to shift your mindset (and ultimately your life) to lead a life of happiness. I mean seriously, this guy always smiles and laughs!
Whether or not you’re spiritual, there’s something for everyone. And since emotions are so intertwined with money, reading some of the advice in this book will help divert or at least help you deal with things such as anger, relationships, health, work, anxiety, depression, jealousy. I find myself reaching for this book when I’m in a particularly bad mood.
The Authentic Budget by Sarah Li Cain
Ok fine, this is my book (and technically the seventh one), but I had to add it in there! I wrote those for those who kept asking me how I was able to afford 5-star hotels on a teacher’s salary. If there’s one thing I want you to learn form this book, is that you can spend money on whatever the heck you want, as long as it aligns with your values. I guide you through why traditional budgets don’t work, how to determine your values, and use that to create a money management system that works.
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