Books to read for financial Savviness (2024)

Books to read for financial Savviness (1)

Knowledge is power.

One of the greatest source of financial knowledge are financial books. Getting as much information on a subject is a good way of making sure you are have the knowledge to act and to do what is right. And what is nice is that when you start to get that knowledge you have a craving for more and more and more. You want to really understand the subject, you want to know the details of how the subject matter expert did their thing.

If you are here it’s because you are looking for knowledge to expand what you already know on Personal Finances, on how to be successful investing stocks or even on how to become a millionaire.

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When I started reading the first financial book, I rapidly discovered other books, because I thirst for knowledge. At first, I didn’t know how much added values they would have on my life and on my investment strategies. To be honest, they are not only giving good personal finance and investment strategies but they are also very inspirational! In my opinion, they can change the way you see your life! So go ahead, indulge in the knowledge within these pages, give your life a boost and get your personal finance on the right track.

Books to read for financial Savviness (2)Books to read for financial Savviness (3)

This is a very nice book containing some revolutionary ideas, specially for that time.

The basis of this book is an inspirational view on a nomadic lifestyle with a semi-passive investment by creating and building your own business. Although I personally do not embrace his nomadic vision, this book is very inspirational for those who don’t like their job or those that put way too much time in it.

If you want to quit your job, this is a must read, it will give an inspirational boost to embrace your passion and try to reach for the life you are looking for!

Books to read for financial Savviness (4)Books to read for financial Savviness (5)

A classic of personal finance literature, a must read for anyone wanting to understand why you need money to work for you and not the opposite.

Another good thing this book makes you realize is that you don’t know much and that we lack financial education and too little is taught when we are younglings. If you are looking for some basic personal finance information, this one is a very good starting point.

It’s a good, interesting and fun read.

Books to read for financial Savviness (6)Books to read for financial Savviness (7)

Another very inspirational classic.

Even if this book was written over 50 years ago, the message written within it’s page is still as relevant as it was back then.

The message is all about achieving personal success by removing negativity in your life, the important of believing in yourself and having a strong confidence in yourself in your capability.
True that it’s not a strictly Personal Finance book, but I believe that it can be a game changer for you and it will help your personal finance get better!

Books to read for financial Savviness (8)Books to read for financial Savviness (9)

Did you know that a lot of millionaire do not live that fancy high spending life? They are plumber, wood workers, Moms and dads, etc.

They are people who achieved their current wealth through hard works and savings. The author, Stanley Thomas, is doing a great job at interviewing hundreds of millionaires from different location. Did you know that their is a chance that a millionaire is living right next door and you don’t even know it?

A very inspirational read for anyone with the goal of becoming a millionaire.

Books to read for financial Savviness (10)Books to read for financial Savviness (11)

Are you like most people, afraid of investing into stock?
A lot of my friends have likened investment in the stock market has being a total gamble that is almost sure to make you loose your money. To those of you who think like that, I would like to introduce Index Investing.
It’s a good simple and less risky approach if you want to transition to really investing into the stock market. This book, by Jim Collins, gives a great insight into this investment tool and why it has worked for so long and why it is safer.

It’s a good read for everyone investing in the stock market as it provides a good safer and simple foundation that you can lie back on in troubled time.

Books to read for financial Savviness (12)Books to read for financial Savviness (13)

Bogleheads?
Who are they?
It’s the community of investors that follow the tenets of the founder of the Vanguard funds, Mr. Jack Bogle.

The basic of it’s strategy is to passively invest in low cost index funds.
It’s a good start of passive income stream, however, I believe that you shouldn’t only rely on that to make money on the stock market. But, this book is a great read to lay down the foundation to set up a good semi passive income stream for long term wealth generation. It will guide you on how to set up your investment without giving you nightmares.

Also, having a good understanding of low cost index funds will give you a great benchmark to compare your results, so it’s a great read for even the active stock market investors.

Books to read for financial Savviness (14)Books to read for financial Savviness (15)

This book is a really good read for your Personal Finance savyness.

It will help you find where and how is money fitting in your life.
It will help you create a certain framework and build a philosophy to help you with your personal finance.
The really interesting exercise you will do with that book is to put a real cash number to your working hours, dividing your earning by your actual working hours. Then you can evaluate the amount of hours you need to work to acquire something. However, the chapters on investment strategies would require a much needed update.

All in all its a great inspiration on how to save money and invest it to “reclaim” your time.

Ok, let’s face it, the title is not true.
It’s not the only investment guide you will need.

But, if you are afraid, overwhelmed and feeling lost on all the investment options out there, this guide is where you need to start! It’s a wonderful written starting guide describing the basics of a good number of available investment option, from real estate to treasury bonds, and who is it good for.
Even for seasoned investor, it’s always a nice read to get back to your basic, recenter yourself’

Books to read for financial Savviness (18)Books to read for financial Savviness (19)

I love real estate.
It’s a great way to set up a Passive Income stream. However, there are some subtlety, specially on cash flow.
I will be honest, it’s a math-heavy book, but it’s one of the best way to put real numbers on a real estate investment. It’s not only applicable to rental unit owners, it’s also very valid for your own house!. You should read it and keep s copy close when you buy a home. The author, Frank Gallinelli,does a great job at identifying and describing the different ways you can make money out of real estate.
Even if the title talks about cash flow, the book describes 36 other key financial measures and ratios.

Books to read for financial Savviness (20)Books to read for financial Savviness (21)

Yes, I am a man and I will promote that book!
Everyone, man and woman should read that book! It does have a small feminist twist to it, that I don’t mind.
I think that the lessons that the author, Sheryl Sandberg, provides are good for anyone, being vocal, being present pedal to the metal, until you are successful and you can change thing the way you want! These lessons can be game changing in your career.

All in all, it’s a superbly written inspirational book that will pump your self confidence!

Books to read for financial Savviness (22)Books to read for financial Savviness (23)

90 days… 3 months…
This book focus on these first 3 months of you taking a new job.

Let’s face it, when you are part of the workforce, the best investment is on yourself.
This book describe the mentality you should have to “actively manage” your career, not only by developing your technical skills. Did you know that you could get promotion and raises not based on these technical ability but also on other skill sets? This book will help you identify these skills and will help you develop them.

A perfect book to increase your worth! If you make more money, your personal finance will be in better shape.


The Conclusion

There are numerous other books availlable that will increase your Financial Savviness, but these are a verrrry good start.

Extra money saving

Now, if you are really into the concept of saving money, you need to get the Kindle version of these book.
Get a free 30 day of Amazon Prime subscription to get some special savings and get access to the marvelous piece of technology that is a Kindle! It will save you quite a sum and even space because you won’t need paperback books anymore. You can also try out for free the Kindle Unlimited service which provide access to more then a million (yes 1 million) Ebook.

Another good solution would be to listen to those book. By using Audiobook, you could “read” those book in your car while driving to work! You could try the great service Amazon Audible for free and even get 2 audiobooks!

All in all, these are some great books to start a new Financial Savviness collection.

Do you have any other favorite read?

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Books to read for financial Savviness (2024)

FAQs

What is the best book for financial literacy? ›

10 Financial Literacy Books to Learn From
  • Total Money Makeover by Dave Ramsey.
  • Rich Dad Poor Dad: What the Rich Teach Their Kids About Money – That the Poor and Middle Class Do Not! ...
  • How to Retire Early: Your Guide to Getting Rich Slowly and Retiring on Less by Robert and Robin Charlton.
Nov 3, 2023

What is the best book to read about making money? ›

Happy Reading!
  1. Rich Dad Poor Dad. ...
  2. Think and Grow Rich. ...
  3. The Millionaire Next Door. ...
  4. The Total Money Makeover. ...
  5. Secret's of the Millionaire Mind. ...
  6. The Science of Getting Rich. ...
  7. I Will Teach You To Be Rich. ...
  8. Money Master The Game.

What are the 4 main financial literacy? ›

Financial literacy is having a basic grasp of money matters and its four fundamental pillars: debt, budgeting, saving, and investing. It's understanding how to build wealth throughout one's life by leveraging the power of these pillars.

What is the best book for financial freedom? ›

  • The Total Money Makeover: A Proven Plan for Financial Fitness Dave Ramsey.
  • The Simple Path to Wealth: Your road map to financial independence and a rich, free life J.L. Collins.
  • The Millionaire Next Door: The Surprising Secrets of America's Wealthy Thomas J. Stanley.

How can I improve my financial knowledge? ›

6 ways to improve your financial literacy
  1. Subscribe to financial newsletters. For free financial news in your inbox, try subscribing to financial newsletters from trusted sources. ...
  2. Listen to financial podcasts. ...
  3. Read personal finance books. ...
  4. Use social media. ...
  5. Keep a budget. ...
  6. Talk to a financial professional.

What are the 3 keys to financial literacy? ›

Three Key Components of Financial Literacy
  • An Up-to-Date Budget. Some tend to look at the word “budget” as tantamount to the word “diet,” but at its most basic, a budget is just a spending plan. ...
  • Dedicated Savings (and Saving to Spend) ...
  • ID Theft Prevention.

Which billionaire reads the most? ›

According to Pew Research, the typical American reads about four books a year. Compare that to the reading habits of American billionaire Bill Gates. He doesn't simply outpace an average reader, he's on an entirely different level; he powers through an astounding 50 books each year.

What is the most financially successful book series? ›

Having sold more than 600 million copies worldwide, Harry Potter by J. K. Rowling is the best-selling book series in history.

How many books do rich people read a month? ›

On average, a millionaire reads 4 books a month which totals to an average of 52 books a year, helping them grow and build their empire. Another thing to note is that they don't just read fiction novels - they read non-fiction self-help books because one good idea could be worth millions of dollars.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What are the 5 pillars of financial literacy? ›

This article will explore the five basic principles of financial literacy: earn, save & invest, protect, spend, and borrow, providing you with actionable insights to enhance your financial knowledge and make the most of your resources.

How do I stop living paycheck to paycheck? ›

How to Stop Living Paycheck to Paycheck
  1. Get on a budget.
  2. Take care of your Four Walls first.
  3. Cut extra expenses.
  4. Start an emergency fund.
  5. Ditch debt.
  6. Increase your income.
  7. Live below your means.
  8. Save up for big purchases.
Oct 12, 2023

How do you build wealth? ›

Here's a look at some steps that you might take as part of a wealth-building strategy.
  1. Understand net worth. ...
  2. Set financial goals. ...
  3. Earn income. ...
  4. Save money automatically. ...
  5. Spend money consciously. ...
  6. Pay off high-interest debt. ...
  7. Build an emergency fund. ...
  8. Invest your savings.

Is Psychology of money worth reading? ›

Conclusion: "The Psychology of Money" is a must-read for anyone seeking a deeper understanding of the interplay between psychology and finance. While it's not a step-by-step guide to wealth accumulation, it provides invaluable insights into developing a healthier and more productive relationship with money.

Where to start learning about financial literacy? ›

There's plenty to learn about personal financial topics, but breaking them down can help simplify things. To start expanding your financial literacy, consider these five areas: budgeting, building and improving credit, saving, borrowing and repaying debt, and investing.

What is the best age to learn financial literacy? ›

Teaching Ages 6 and 8 About Money

Help your child open a savings account, and encourage them to make regular deposits. As the balance grows, you can discuss the concept of interest and how the bank pays people back for saving their money.

How do I teach basic financial literacy? ›

Start by teaching them about budgeting and managing expenses. Explain how credit works, why it's important, and how to use credit cards responsibly. Stress the importance of saving, and introduce the basic ways to invest money.

What is the best age to teach financial literacy? ›

Financial literacy can encourage habits that can help children avoid debt traps later in life. Children can form money habits starting as young as age 5.

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