Top 5 Personal Finance Books for Beginners

Personal Finance tends to be one of the highest grossing topics in today’s day and age. This is because of the increasing competition which has forced people to think about financial independence at an early age. Financial independence is referred to as a journey, rather than a destination. Achieving financial independence tends to be one of the primitive course of actions for individuals today. There are numerous books and resources that can help you get started with learning about personal finance, and how financial independence is not as hard as you think.

Here’s our compilation of the top 5 personal finance books for beginners:

• Your Money or Your Life by Joseph R. Dominguez, Monique Tilford, and Vicki Robin

The FIRE (Financial Independence – Retire Early) movement has picked up pace in the recent past. It propagates greater financial independence, and emphasizes on transforming views on money, jobs and financial security. This book is a must read because it gives so much importance regarding saving, earning, as well as money management. It provides a 9 step framework, with easy and approachable steps that can easily be put to daily practice by readers.

• Financial Freedom by Grant Sabatier

Financial Freedom is a book that offers a guide on how to make money in a quicker time frame. It offers useful insights regarding profitable sided hustles, in addition to better bargains from your workplace that can generate better results. It stands out because it is filled with relatable profitable side hustles, in addition to better negotiation techniques from the stated employer. Authored by Grant Sabatier, this book is a stellar resource that helps individuals to leverage their earnings to generate better outcomes.

• Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter

This book on financial freedom covers ground pertaining to two very different mindsets about 2 authors. The rich dad, and the poor dad. Their contrasting backgrounds, and wealth management techniques are used to draw comparisons between personality types and their financial position. The ideas that are mentioned in this book are nothing short of thought-provoking. The anecdotes mentioned help readers to relate to their own lives, which makes it a very hearty, interesting and full of learning reading experience.

• I will teach you to be rich by Ramit Sethi

This book is a 6 week program that is built around the lines of how to make and save more money. It is a comprehensive read on personal finance and includes topics that helps users to deal with issues like student loans, and making purchases that can greatly impact their financial position. The concepts that are mentioned in the book are fairly easy to comprehend. Additionally, the concepts mentioned are fairly simple, and can be seen as practical.

• Million Dollar Habits by Brian Tracy

Habits are known to create a strong and direct impact on happiness and success. This book focuses on cultivating productive habits that help to develop successful millionaires. Therefore, this book focuses on developing thinking and decision making skills that can help individuals grow their personal wealth. It also covers ground regarding mental and physical health, in addition to taking initiative on vision, as well as building financial independence.