25 essential books about money

woman reading book

I shared a list of my favorite books about money once before, but that was over two years ago. I've read dozens of books since then (and thumbed through dozens more). Here is a revised list of 25 great books about money.

These are all books that I found entertaining or influential. There are still many “big name” books that I haven't read, such as “A Random Walk Down Wall Street” and “The Intelligent Investor,” and I've left off some perennial favorites such as “The Richest Man in Babylon” and “The Wealthy Barber.”

These books are grouped into sections, roughly following the financial progression of the average person (from debt to financial independence). I've linked to the Amazon page for each book, but, as always, I encourage you to borrow the titles that interest you from your public library. If you prefer to read on a device, get to know Overdrive, which allows you to borrow e-books for free.

Debt Reduction

For those in the first stage of personal finance, debt reduction is the most important task. I know from experience that this can seem like a long, lonely battle. But others have fought it before, and have lived to document the process. Here are three books that describe different approaches to winning the fight:

The Total Money Makeover by Dave Ramsey — Ramsey is an anti-credit zealot. He made a $4 million fortune by his mid-twenties, and then lost it to bankruptcy. Now he runs a personal-finance empire. He takes a lot of criticism for his support of the debt snowball, which he describes in detail here, but the thing is, his methods work. If you're struggling with debt, there's no better starting place than this book. Ramsey's advice is permeated with his Christianity, but you can get a lot out of this book even if you're not religious. [My review.]

Debt is Slavery by Michael Mihalik — Debt is Slavery is a deceptively simple book. It's short. Its advice seems basic. And it's self-published, so how good can it be? Well, I think it's great. In fact, I found myself wishing that I had written it. Mihalik's advice is spot-on, and he covers a lot of topics that other authors shy away from, such as the effects of advertising, the weight of possessions, and the soul-sucking misery that comes from a bad job. This book may be short, but it's sweet. Especially great for recent graduates, I think.

How to Get Out of Debt, Stay Out of Debt, and Live Prosperously by Jerrold Mundis — How to Get Out of Debt is built on the principles of Debtors Anonymous, a twelve-step program founded in 1971 to help those who struggle with compulsive debt. Mundis was himself a debtor, and he based this book on his own experience. This isn't purely theoretical information from the mind of some Wall Street finance whiz who has never struggled; this book contains real tips and real stories from real people. If you've tried Dave Ramsey without success, read this. It's 20 years old, but the information is timeless. [My review.]

Everyday Personal Finance

After you've defeated debt, you enter the second stage of personal finance, mastering the everyday habits that allow you to build wealth. The books listed here offer a wide view, discussing many aspects of money. They offer advice about saving, investing, and frugality. They don't go into much detail about any one subject, but they provide motivation to get started. And that's what's most important.

Your Money or Your Life by Dominguez, Robin, and Tilford — A classic, and one of the foundation books for the simplicity movement. The authors play off the concept “time is money” in a very literal sense. They encourage readers to sort out priorities, to cut expenses, and then to seek passive income in pursuit of financial independence. A little New Age-y in spots. An excellent book, and a huge influence on many prominent personal-finance bloggers. I hope to review the new, revised edition of YMoYL soon.

All Your Worth: The Ultimate Lifetime Money Plan by Elizabeth Warren and Amelia Warren Tyagi — I didn't like All Your Worth when I first read it. The book takes a dim view of frugality and thrift, and it contains some wild assumptions (like 12% stock market returns). But with time, I've come to appreciate the strength of All Your Worth, not just for those struggling to shake off debt, but also for those of us who are beginning to build wealth. This book's balanced money formula is probably the single most important part of my current financial plan. There's good stuff here, though you may need to filter some of the authors' rhetoric. [My review.]

I Will Teach You to Be Rich by Ramit Sethi — This book is great, but it's not for everyone. It's targeted almost exclusively at young adults. If you're under 30 and single, and if you make a decent living, this book is perfect. But if you're 45 and married with two children, and if you struggle to make ends meet, this book is less useful. Plus, Ramit has a strong authorial voice. He's bold, sarcastic, and even a little sassy. Not everyone likes this. If you're turned off by his blog (or by his guest posts at Get Rich Slowly), you'll be turned off by his tone in this book. These caveats aside, I Will Teach You to Be Rich is packed with solid advice, cites its sources, and provides scores of tactical tips for managing money. [My review.]

The Complete Tightwad Gazette by Amy Dacyczyn — “The Tightwad Gazette” was a newsletter published during the early 1990s by Amy Dacyczyn (pronounced “decision”). Eventually the back issues were collected into a series of books, which were in turn collected as The Complete Tightwad Gazette. Dacyczyn wrote articles like: “Used Shoes: Are they Good or Bad?”, “Budget Bug-Busting”, “Tightwad Toys”, and “Saving Money on Your Mortgage”. Sounds just like a personal finance blog, doesn't it? This book has thousands of tips, many of which were contributed by readers of the newsletter. (You won't find any info on investing here. This book is about frugality!)

Investing

Learning to invest your money wisely is one important aspect of the middle stages of financial development. Wall Street is not friendly to the small investor. It's designed to part you from your hard-earned dollars. These books can help you develop an investment philosophy that will let you improve your odds of retiring wealthy.

The Four Pillars of Investing by William Bernstein — I've read dozens of books about investing. Of these, The Four Pillars of Investing is probably my favorite. Most investing manuals espouse one sure-fire method or another. Four Pillars does that to an extent, but the author provides a great deal of depth and color to support his argument. I love that Bernstein takes a comprehensive, holistic approach to the subject, not just looking at the theory and business of investing, but also looking at the history and psychology of investing. This is a great book. [My review.]

The Random Walk Guide to Investing by Burton Malkiel — Malkiel is best known for his classic A Random Walk Down Wall Street. This book is shorter, written in plain English (there's no investing jargon), and easy to understand. But that doesn't mean it's simplistic. This is an excellent book, filled with advice based on sound financial principles. It covers risk tolerance, asset allocation, diversification, and even a little behavioral finance. An excellent guide for beginners. [My review.]

The Only Investment Guide You'll Ever Need by Andrew Tobias — Andrew Tobias is an entertaining writer. His jocular, conversational tone will keep you interested as he describes mutual funds, bonds, and treasury bills. There's a good section on how to handle a windfall (lottery, inheritance). My favorite bit from Tobias is his three-step budget: destroy your credit cards, invest 20% of everything you earn (and never touch it), and live on the remaining 80% no matter what. Awesome. This is a classic introduction to the subject of investing, though at times it seems a little dated. (You can read Andrew Tobias every day at his blog.

The Bogleheads' Guide to Investing by Larimore, Lindauer, and LeBoeuf — You want expert investment advice? You can't beat the info found here. These devotees of Vanugard founder John Bogle are big on slow, sure investments like indexed mutual funds. They tap their decades of experience to teach about diversification, inflation, and asset allocation. It's not nearly as boring as it sounds. This book covers a broad range of topics, though its primary focus is investing. Highly recommended.

The Automatic Millionaire by David Bach — There's more to David Bach than just “the latté factor”. The system he recommends here is excellentan automated approach to managing your personal finances. If you've been meaning to open a Roth IRA, but have never actually done so, then read this book! He'll explain how to set it up so that it's painless. The only caveat I'd note is that this book is several years old now, and because it contains specific recommendations for financial companies, it may be be in need of an update.

Financial Independence

This next group of books may be my favorite. These volumes cover topics related to Financial Independence — that magical point where you no longer have to work. This is the final stage of money management. For many people, this means retirement. But it doesn't have to be that way. These books offer solid advice for how to create a future that matches your dreams.

The Millionaire Next Door by Stanley and Danko — The authors interviewed and surveyed a pool of millionaires, attempting to find common connections among them. They discovered that millionaires live below their means. They budget. They let their adult children make it on their own. This book introduces several key concepts, including degrees of wealth accumulation. It's a bit tedious in spots, at least in the audio version. This is one of just a few books to cover both sides of the wealth equation: saving money and earning money. [My review.]

Yes, You Can…Achieve Financial Independence by James Stowers — Yes, You Can…Achieve Financial Independence is informative without being dense. It's accessible without being condescending. Its advice is solid. The book is filled with investment advice, but it gives equal time to thrift and savings. Best of all, it asks as many questions as it provides answers. It prompts the reader to think, to evaluate her priorities. Its message is that yes, you can achieve Financial Independence, but you can't get there overnight, and you can't get there without setting goals and making sacrifices. [My review.]

The Incredible Secret Money Machine by Don Lancaster — This hard-to-find volume from 1978 looks like a get-rich-quick book. It's not. It's all about starting and running small businesses, especially craft businesses. To Lancaster, a “money machine” is any venture that generates “nickels”. Nickels are small streams of revenue from individual customers. If your goal is simply to earn a comfortable income for yourself by doing something you love, then this book can help you explore the idea of business ownership. One of my Dad's favorites, and one of my favorites, too. [My review.]

The 4-Hour Workweek by Tim Ferriss — The 4-Hour Workweek is a frustrating book. A lot of the advice seems impractical and out-of-reach for the average person. But on the other hand, it's filled with inspirational anecdotes and provocative ideas about how you can make the leap from desk jockey to the pursuit of your dreams. In my review, I wrote that this book “is like a kick in the head”, and it's true. The flow of ideas is relentless. Despite its flaws, I think this is a great book. [My review.]

Work Less, Live More: The Way to Semi-Retirement by Bob Clyatt — While Financial Independence is my long-term dream, semi-retirement is my more immediate goal. Clyatt describes techniques for leaving the workaday world years (or decades) before the traditional retirement age of 65. Work Less, Live More includes sections on defining your goals, learning to live on less, putting your investments on autopilot, and more. This book is like a toned-down, practical version of The 4-Hour Workweek. I like it. A lot.

The Psychology of Money

I firmly believe that success with money is more about mind than it is about math. We all understand the arithmetic behind personal finance — to build wealth, you must spend less than you earn — it's mastering the emotions and habits that causes us trouble. These books explore your money and your brain.

Why Smart People Make Big Money Mistakes (and How to Correct Them) by Gary Belsky and Thomas Gilovich — In this short book, Belsky and Gilovich catalog a menagerie of mental mistakes that cause people to spend more than they should. What might have been a boring topic becomes fascinating thanks to an engaging style and plenty of anecdotes and examples. This book covers more than a dozen psychological barriers to wealth and explains how to prevent them from sabotaging you. [My review.]

The Paradox of Choice by Barry Schwartz — I just finished this book the other night, and hope to provide a full review in the next week. It's fascinating. Schwartz argues that the vast array of choices available to us in the marketplace actually make us less happy. We'd be better off with two options for a wide-screen plasma television instead of twenty. Too much choice doesn't just make us unhappy — it prevents us from making smart decisions. Fascinating stuff.

Kids and Money

Many parents are unprepared to teach their children about money. You needn't be one of them. These books suggest methods for getting kids to understand how money works.

Living Simply with Children by Marie Sherlock — Sherlock offers tips for how to raise children that aren't part of the consumerist culture. She encourages strong family ties as a counter to the relentless purchase to acquire “stuff”. Sherlock is also a proponent of using family rituals to replace consumer-oriented cultural activities. There's some great advice here (the book is strongly influenced by Your Money or Your Life), but some readers may be put off by the author's philosophy.

Growing Money: A Complete Investing Guide for Kids by Gail Karlitz — Growing Money has good chapters on banks and bonds, but most of the book is devoted to stocks. The book also contains chapters on the history of the stock market, how investors make money, and how to buy and sell stocks. This is probably my favorite book for children, but it does have some weak spots. Only one page out of 120 is devoted to mutual funds. Because the book is aimed at children, taxes are barely considered. Still, its strengths outweigh its weaknesses. It's the sort of book to buy for your nephew, but read yourself before you pass it on. [My review.]

What Color is Your Piggy Bank? by Adelia Cellini Linecker — This slim volume is a great choice for kids from 10-14 who are beginning to show an interest in entrepreneurship. Linecker covers the world of jobs, setting up shop, and how to manage money.

Financial Journalism

This final trio of books won't help you get rich — at least not directly. These don't contain overt stock tips or advice for frugal living. Instead, they tell real-life stories about certain aspects of finance.

Den of Thieves by James B. Stewart — It's not just Bernie Madoff. Wall Street has fallen prey to all sorts of unscrupulous men over the course of its history. In Den of Thieves, Stewart takes us inside the high-finance worlds of Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine. These men were embroiled in the insider trading scandals that shook the market during the 1980s, and through their stories were able to see just how corrupting the influence of money can be. A little dense at times, but a great way to learn about the market.

Buffett: The Making of an American Capitalist by Roger Lowenstein — It's no secret that Warren Buffett is one of my financial heroes. In this biography of Buffett, Roger Lowenstein describes the events that shaped his life, starting as a boy in the early 1930s. As we follow Buffett's growth, we learn about the development of investment theory. There's plenty of information here about Buffett's investment philosophy. Entertaining and educational.

Hard Times: An Oral History of the Great Depression by Studs Terkel — Writer Studs Terkel published Hard Times in 1970. It features excerpts from over 100 interviews he conducted with those who lived through the 1930s. Terkel spoke with all sorts of people: old and young, rich and poor, famous and not-so-famous, liberal and conservative. By including the perspectives of so many different people, Terkel is able to paint a richer picture of what things were like. [My review.]

Bonus! The Worst Book About Money

Over the past few years, I've read many bad books about money. But none can compare to to the idiocy contained in The Secret by Rhonda Byrne. This book promotes all of the wrong messages, and encourages readers to believe that if they simply wish for something, it will come true.

The Secret contains tips like:

  • “It is helpful to use your imagination and make-believe you already have the money you want. Play games of having wealth and you will feel better about money; as you feel better about it, more will flow into your life.”
  • “The only reason any person does not have enough money is because they are blocking money from coming to them with their thoughts.”
  • “Visualize checks in the mail.”

“This kind of crap is dangerous,” I wrote in my original review. “It's get-rich-quick drivel of the worst sort. It doesn't help people address their money issues. It puts them into a pattern of wishful thinking.”

This book is awful.

Final Thoughts

Few personal finance books are perfect. For most, you need to employ personal filters. Dave Ramsey's The Total Money Makeover is a fantastic book on debt reduction, but if you're not Christian, you'll have to tune out the Bible verses. All Your Worth contains a great plan for achieving financial balance, but you may need to ignore its constant disparaging of frugality and thrift.

Because I've limited myself to 25 books, I've had to leave a lot of great titles off the list. Please feel to share your favorite books about money and explain why others should read them.

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Rob Bennett
Rob Bennett
11 years ago

My favorite money book is “Your Money or Your Life.” That one is on the list. My favorite that is not on the list is “Irrational Exuberance.” This was a best seller and widely praised. But my take is that few yet appreciate just how profound are the implications that follow from Shiller’s claims (which are well-supported by academic research). The sub-title of the book says that the ideas in it are “revolutionary” and that is right. If Shiller is right, then all the conventional investing wisdom of the past 30 years (The Passive Investing Era) is wrong. I’ve done… Read more »

tom
tom
11 years ago

Careful JD, you’ll have the “Secret Police” after you again.

Bottom line is that there are pleanty of great resources out there on saving, investing, etc. The difficult part is to sort through all the garbage like The Secret. Thanks for the comprehensive list!

Brian
Brian
11 years ago

I read Walden by Thoreau based on some previous comments. It’s awesome. All these books – YMOYL, Debt is Slavery, etc, are based on this book, but I think Thoreau is the most direct about it. It’s just funny to read that not much has changed since 1850.

ABCs of Investing
ABCs of Investing
11 years ago

“Studs Terkel”? – lol, what a great name…

Brandon
Brandon
11 years ago

Very useful list! I was just consulting a personal finance person about her rates — $350!? per hour — and thought, okay, I need to do the work myself. For 7 hours of reading/ researching/ acting on my own (at $50 an hour) I think I’ll come out ahead. Very useful list.

Caitlin
Caitlin
11 years ago

I’m glad to see YMoYL is on the list again. I’ll keep trying to read it. I checked it out of the library last week, because it was on your last list of 25 books, and so far it’s incredibly boring. It’s pretty dated language, though it does read as something that would have been refreshing to people just coming out of the high-pressure 80s (We didn’t aggressively advertise our seminars! Yay for us!) You’re definitely right about it being very New Age-y in spots. A line in it is something like “it’s been determined that cars are detrimental to… Read more »

cmadler
cmadler
11 years ago

My favorites that aren’t on this list are “The Richest Man in Babylon” by George Clason and “Devil Take the Hindmost: A History of Financial Speculation” by Edward Chancellor.

J.D.
J.D.
11 years ago

@Caitlin (#6)
There’s a new edition of YMoYL out. It may clean up some of the dated language. Its cover is blue-ish instead of orange-ish. Keep an eye out for it! Also, this is another case where if you’re willing to apply a “filter” to what you’re reading, you can get some good stuff out of a book.

Broadcast Thoughts
Broadcast Thoughts
11 years ago

Your blurb on “The Secret” reminds me of “Think and Grow Rich” by Napolean Hill written towards the end of the Great Depression.

There’s something to be said for optimism and the power of self fufilling prophecies. But that does not mean you should go counting your chickens before they hatch.

Contra
Contra
11 years ago

Two points:

(1) The Secret is a terrible piece of drivel, not just for financial reasons but in general; utter foolishness in all respects.

(2) One book that didn’t make your list that I believe is absolutely awesome is Die Broke by Stephen M. Pollan. It thoughtfully explains how our economic mindset has changed over the generations and challenges some conventional wisdom going forward.

Caitlin
Caitlin
11 years ago

@J.D.
I have the really old edition, as that’s what was available at my library. The “filter” method is good advice, and I’ll try to keep that in mind while reading it!

Chett
Chett
11 years ago

J.D.,

If you like the Paradox of Choice you will love this link from Dan Gilbert, a Harvard psychologist who speaks about choice, behavior, and happiness. It’s a little long at 30 minutes, but worth listening to in the background while you’re working. Good stuff to chew on.

http://www.youtube.com/watch?v=c-4flnuxNV4

HollyP
HollyP
11 years ago

I love the Secret for one reason alone: the Amazon review written by Ari Brouillette. If you have a few minutes and want a good laugh, please find Mr. Brouillette’s reviews on Amazon.com.

http://www.amazon.com/gp/pdp/profile/A3R7PU67SRMD1E/ref=cm_cr_dp_pdp

Jessica
Jessica
11 years ago

Instead of “I Will Teach You to be Rich” for those under 30, I highly recommend “Rich by Thirty” by Leslie Scorgie. She doesn’t teach you how to roll in the dough, instead she provides a foundation for investing at a young age.

John
John
11 years ago

The only one i’ve read not on the list recently is Rich Dad, Poor Dad. I posted my review of it last night. Instead of re-posting it here it is my name link.

DavidM
DavidM
11 years ago

The Richest Man in Babylon is by far my favorite book in personal finance. It gives its readers the basic principles. After knowing the most important, basic principles, then you should go on to learn the more specifics, which is where your list comes in.

Danielle
Danielle
11 years ago

Thank you for this list!
My two faves, though totally different lessons are: 4 hour workweek and automatic millionaire.

I’m so glad to have a solid list of new books to take to the library.

Elisa@Thrive
11 years ago

Thanks for ripping “the secret” a new one.

Ben
Ben
11 years ago

how freaky, i just randomly googled to your old list of books yesterday for the first time (i am a regular reader of this site… but I was looking for a list of books and this site happened to be ranked #1 in google for that as well.

Then, today, you post a new list, 2 years later! O_o

Todd @ The Personal Finance Playbook
Todd @ The Personal Finance Playbook
11 years ago

For the most part, most personal finance books say the same things in different ways. If you’re strictly interested in personal finance, I think David Bach’s books are a good overview of the basics. If you’re in big financial trouble and need to dig your way out, Ramsey’s books might be better for you. If you’re interested in investing, I would read Joel Greenblatt’s books or Seth Klarman’s book if you can get a copy. The Bogle books are great, too, and present convincing data that index funds are the way to go. Of course, at some point you have… Read more »

Jane Doe
Jane Doe
11 years ago

Twenty-five books is way too many.
Please tell us you favorite four.
Thanks.

Carlyle
Carlyle
11 years ago

One of the my favorite books on investing, “The New Coffeehouse Investor,” was written by one of your recent guests, Bill Schultheis.

Moneyblogga
Moneyblogga
11 years ago

I’m a Larry Winget fan currently reading ‘Success is your own damn fault’. His A&E TV show Big Spender was a big impetus behind my motivation to change my awful spending habits and ditch my money problems.

Gerard
Gerard
11 years ago

@Broadcast Thoughts (#9): You wrote “Your blurb on “The Secret” reminds me of “Think and Grow Rich” by Napolean Hill written towards the end of the Great Depression.”

While Napoleon Hill did, at times, take his mastermind groups a little far at times and it seemed ‘mystical,’ in no way can you compare the classic ‘Think And Grow Rich’ with ‘The Secret’. No way, no how. Read it again.

Kristia@FamilyBalanceSheet
11 years ago

I found “Saving for retirement without living like a pauper or winning the lottery” by Gail MarksJarvis very easy to read and helpful.

Adam
Adam
11 years ago

The ones that are constantly referred to as solid investment pieces are “One Up on Wall Street” by Peter Lynch and “The Intelligent Investor” by Benjamin Graham. I still need to read them, but they’ve been heralded as some of the best investment books. Period.

Starving Artist
Starving Artist
11 years ago

Ari Brouillette wrote one of the funniest reviews on Amazon for “The Secret.” Read the review, skip the book:

http://www.amazon.com/review/R2X2TB3S4O5I60/ref=cm_cr_rdp_perm

Dan
Dan
11 years ago

I like to visit this website. It is great for people who have limited knowledge about finances and investing. It’s pretty much this…don’t spend more than you have…and understand the simple concept of compounding interest. If you are a person that has a brain, then you can understand this and apply it easily. The hard part is learning and understanding advanced investment techniques that will provide a much higher rate of return while reducing your amount of risk. And there are ways to do this.

Bret
Bret
11 years ago

The Richest Man in Babylon should be near the top of any list of personal finance books. It’s a must-read classic.

I also like The Wealthy Barber and think it may be more useful than some of the other books on your list.

It’s interesting that you mentioned these books, but didn’t include them.

Thanks for providing the list.

Broadcast Thoughts
Broadcast Thoughts
11 years ago

@ Gerard #24,

I’ve never read the secret, the quoted blurb just reminded me of Napolean Hill’s piece. Which I did enjoy. I just caution that wishful thinking without taking action directed at achieving your wish is not a good idea.

Patrick
Patrick
11 years ago

Thanks for the comprehensive list. And I agree with #30 Broadcast Thoughts “wishful thinking without taking action directed at achieving your wish is not a good idea.” Well said. I think the only thing I took away from “The Secret” was that you should have a positive attitude…(but they definitely forgot the next part)…when you begin to act. A positive attitude will help you persevere in working towards your goals even when it is difficult. Also, to clarify, is this your list of 25 favorites after the two perennial favorites “The Richest Man in Babylon” and “The Wealthy Barber”? Personally,… Read more »

Mike Younkman
Mike Younkman
11 years ago

I’d recommend a few of Jeremy Siegel’s books as well. You can pick up The Future for Investors: Why the Tried and True Overcome the Bold and the New (written in 2005) for less than $1 on Amazon’s used book list. I have it and it’s certainly relevant. His other series of Stocks for the Long Run tends to be used for college text books, so the used price never gets too low.

Ann@livingmylifedebtfree
11 years ago

This is a really great list, I think all of these books have something to offer. I also like Smart Women Finish Rich by David Bach. I agree that The Secret is just about keeping a positive attitude. The Power of Intention by Wayne Dyer is a better read.

Rainerd
Rainerd
11 years ago

The Black Swan by Nassim Taleb. This is really a book about the nature of knowledge with a special focus on the financial world. It really gets at the limits of your knowledge and how that should impact your worldview, in particular your financial worldview. Not a lot of practical advice, but the change in thinking is profound.

Steve
Steve
11 years ago

I just thought it was funny that even though you said The Secret was the worst personal finance book, you still had an Amazon affiliate link to the book in the event anyone bought it!

Thanks for the list and info. Keep up the good work!

Finance Girl
Finance Girl
11 years ago

I also like “Debt Free by 30.”

Rachel
Rachel
11 years ago

I really liked “The Average Family’s Guide to Financial Freedom How You can Save a Small Fortune on a Modest Income.” I appreciated so much about the book and it allowed me to look at things with fresh eyes. It’s on Amazon: http://www.amazon.com/Average-Familys-Financial-Freedom-Fortune/dp/0471352284

Jaime Gibbs
Jaime Gibbs
11 years ago

Ooooh, there’s ONE more I MUST add to your list: “Your Money Map” by Howard Dayton. It’s written from a biblical perspective, and has a great map or step-by-step plan for eliminating your debt and being able to give more. LOVE IT!!!!

I’ve also read about half of the books on your list, and think that you are right on. The Millionaire Next Door rocked my world, and I especially enjoy anything by Dave Ramsey or Elizabeth Warren. Warren also has a couple beneficial videos posted to YouTube.

I really enjoy your blog. Thanks for sharing your updated list!

Don
Don
11 years ago

The Wealthy Barber is an excellent personal finance book, which I believe you have reviewed.

Sam
Sam
11 years ago

If you’d like to pursue the public library angle a little more, consider making a list of these books at WorldCat http://www.worldcat.org/ – it’s a site that shows the holdings of thousands of libraries. When you look up a book or CD or whatever there, you can see if nearby libraries own it, and connect directly to their library catalogs.
Check it out – it’d be a great way to link your readers to libraries! (I am not an employee of WorldCat, BTW, but I am a librarian) Great article and list!

shahrul azwad
shahrul azwad
11 years ago

Thanks! I have read some of the especially the essentials like Your Money Or Your Life and Dave Ramsey’s. Now, I will check the others.

Seth
Seth
11 years ago

I have to agree with Bret, The Richest Man in Babylon should be at the top of this list. It really helped me in my early twenties to start saving. I even recently created a post about this book because I believe it is an essential read for everyone.

Excellent list, too! I plan on printing this out and heading to the library this week to check some of these out.

Thanks

JM
JM
11 years ago

Did you know you can catalogue your books on http://www.librarything.com ?

I’m not affiliated with the website, but I thought it would be a great way to share your financial library with more people.

Do You Dave Ramsey?
Do You Dave Ramsey?
11 years ago

Great list, thanks for sharing. Its cool to see where others are pulling value. I hope to check out some of these that I’ve not already visited.

Thanks!
Dave

Nigel
Nigel
11 years ago

That link to the review of the secret on Amazon is hilarious. I think it’s the only success story from that book that I can really believe.

Tina B
Tina B
11 years ago

I was looking to see if you had ever reviewed the book “It’s not About the Money” by Brent Kessel. I found it at the library and am loving it so far. It looks beyond financial choices to why we make the choices we do.

DJG
DJG
11 years ago

I found this list to be of great use, appreciate it JD. Also, I know some people have already mentioned this before but two books I think that are great reads are ‘The Wealthy Barber’ and ‘The Millionaire Next Door.’

I look forward to reading some more of these books on the list including ‘The Richest Man in Babylon’ and ‘Buffet: The Making of an American Capitalist.’

Great site and great blog!

Wisdom Broker
Wisdom Broker
10 years ago

Good recommendations! I’d also recommend Schroeder’s “The Snowball,” the new biography of Warren Buffett. Read the early chapters on his life between the ages of 5 and 18. A great model of how to accumulate money in those early years, when we have very little expenses. Also among new books: Enjoy Your Money! How to Make It, Save It, Invest It and Give It, by J. Steve Miller. Well researched and documented, but presented in an entertaining story form. Kind of a “Wealthy Barber” for a new generation, but covering a wider range of personal finance. A film producer called… Read more »

Jenifer
Jenifer
7 years ago

One that really changed our financial future was “The Two Income Trap.” I was 25 when I read it, and we’d just come off a miscarriage (unplanned pregnancy). We were pretty freaked out by the idea of having to take care of a kid when our lives were a bit messy in all ways. My number one thing was to get financially secure. I happened upon this book at the book store, and it was great! I immediately went home and implemented the strategy of living on a single income. It took us 6 months to transition to just living… Read more »

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