Nailing your personal finances requires more than just understanding your dinero. This list includes books for personal finance beginners, investing enthusiasts, and money mindset aficionados!
At the end of 2020 and into the beginning of this year, you probably set some goals and intentions for yourself. If you’re here, some of that might have been money related! So as you continue to lay out your 2021 goals around your finances, here are 10 books for you to propel into your wealth-building journey.
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Books For Personal Finance Beginners
These are the books that are going to introduce you to the world of personal finance. We’re starting from barebones, zero knowledge of making money moves. But that’s okay because these books are the perfect introduction for that.
This is THE book to get excited about your wealth-building journey, as well as the perfect book to make sure you actually start this journey. Sethi describes this book as a no-BS, six week plan to start getting some of your money in order. This book will show you how to crush your debt, set up high yield savings accounts, automate your finances, investment strategies, language to use to negotiate your way out of late fees and to negotiate a raise at work, and it also comes with insights on money and psychology.
This is one of the top personal finance books for twenty and thirty somethings because it LITERALLY starts from the basics and tackles the tricky money situations most personal finance experts don’t even touch in. Lowry talks basics like debt payoff and money management, but she also helps readers understand their relationship with money, how to manage student loans without just breaking down, what to do in a social situation where you can’t afford to pay more than what you actually ate, and how to talk money with your boo. This is for the people who get bored with your typical personal finance advice but want to learn in a fun, engaging way.
Bola Sukunbi is your financially-wiser, older sister. When creating her personal finance content, not only does she draw from her sector expertise, but she also draws from her personal experiences, including her money mistakes and journey to saving $100K. Her book encourages women to talk about money and financial wellness. She covers topics like monitoring your expenses, how to make the most of a modest salary, keeping your credit in check, starting a side hustle, building a nest egg of investments, and transforming your money mindset.
4. Get Good With Money: Ten Simple Steps To Becoming Financially Whole- Tiffany Aliche, The Budgetnista
This book is actually a ten-step plan for finding harmony with your money. Been feeling disconnected to your finances? Feeling like your goals are unattainable? Been feeling lost? This is the book to get you on the right path. She wrote this book based on the steps she used to chart her path toward her own financial rescue and security. Aliche sees finances not as one thing in its entirety, but rather, views finances as one of many things in our lives. This is financial wholeness. This book is packed with short-term actions that lead to long-term goals.
Books For Investing Enthusiasts
Once you’ve got some of the financial landscape basics down, it’s time to start talking about growing your wealth. These books will introduce you to some investing basics, as well as best practices. If you are not investing at any point in your life, you are detrimentally harming your future wealthy lifestyle.
If you’re here, you’ve probably got some curiosities on where or how or why to start investing. It’s something you’ve heard to start doing, but now you have no idea where to go. This is the book to answer your questions. Lowry tackles questions like, “Should I invest while paying down student loans?” or “How do I invest in a socially responsible way?” all while still delivering some digestible investment basics. In her typical style, Lowry delivers this in a clear, punchy, no-BS approach that is perfect for twenty or thirty somethings.
Women outperform male investors. This book accepts that and encourages us as women to lean into what feels right for us when investing. Patience, calm decision-making, and intentionality make for a good investor. Lofton continues diving into the research behind these better investment strategies to offer essential advice that anyone can apply into managing their own portfolio and growing their wealth.
Books To Tackle Your Money Mindset
Making dinero moves is not just about the money in your bank account! If you are not in the right headspace—meaning, if you are not in a growth mindset of abundance—your wealth-building journey will be that much more difficult. Read these books if you’ve got the basics down, but still find yourself not fully committing to a formal wealth-building and investing strategy.
Vicki Robin wrote this book to help people take back their life by changing their relationship with money. This is a nine-step program that covers how to get out of debt and develop savings , save money through mindfulness and good habits, declutter your life, invest your savings, and begin creating wealth. This book is a classic for all individuals seeking FI/RE and has been in the market now for more than twenty-five years. This edition is fully revised and is still relevant and timely to today’s communities seeking to change their money habits and build some wealth.
If you’re a first generation wealth-builder, then you might carry a lot of imposter syndrome. This is the feeling of not truly believing all this wealth is meant for you. Like you don’t belong on this wealth-building journey because these spaces weren’t made for you. Sincero draws from her own experience as she built her belief in herself and her money moves to teach readers how to uncover what’s holding us back, kick our doubts out, tap into our natural abilities and capabilities, and be as wealthy as we dream to be.
This book provides you with seven principles and tools to eliminate any fears that you may have around your finances. Simone aims to provide a guide that can serve as a reference to operate to the best of our abilities, act responsibly within our finances, and eliminate the fear of going broke. Instead, she wants us all to carry a more intentional approach built around an abundance mindset, or the mindset that we are deserving of all the good that comes our way.
As a personal finance platform ran by women, we cannot have a list of top personal finance books without having Suze Orman on this list. Orman was a pioneer in the field; she came at a time when the financial education sector was still so heavily dominated by men. It still is, but women are making space! In this book, Orman encourages women to take control of their finances. She equips all her books with a mix of personal insight, compassion, and practical advice. Ultimately, she argues that our greatest commodity is time, and the faster we own our financial lives and future, the more secure we will be.
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