In the olden days, I read personal-finance books all of the time. I read debt books and investing books and frugality books and entrepreneurship books and more. But I didn't read a lot of books about Financial Independence. (In fact, it wasn't until I read a few books about early retirement that I realized this was a feasible goal for me — and for others.)
After I left Get Rich Slowly, I left money books behind. I was tired of the subject. Now that I'm back in business, I'm eager once more to devour books about wealth. But which books should I read? Which books should I review for this site?
I'm especially interested in finding recent books (from the last five years) and books about “advanced personal finance”. But I'm also open to lesser-known books and books from tangentially-related fields.
- The Incredible Secret Money Machine (my GRS review) is a great example of a lesser-known money book. I want more like this, obscure gems that have somehow been overlooked. (Note: The author has released an updated version of Money Machine as a free ebook. Yay!)
- Business is an obvious subject area connected to wealth. The genre is especially good for Money Boss since the guiding principle here is that we should manage our household budgets as if we were running a business. That makes it easy to take an idea from, say, Built to Last and apply it to our own lives.
- Biographies are another excellent place to explore the habits of rich and successful people. I'm reading The Snowball right now and have learned tons from the life of Warren Buffett. Next, I plan to read Titan, a book about John D. Rockefeller. But I've found that even bios of non-tycoons have lessons about wealth. (This summer, I read The Summing Up from W. Somerset Maugham, which delved into the success mindset and the willingness to be different.)
- And, of course, there's a lot of financial wisdom to be found in success manuals. For years, I've said that the best book about personal finance is actually Mastery by George Leonard. On its surface, this book has zero to do with money. It's a guide to moving from beginner to master in whatever it is you're trying to accomplish, and the author's examples are specifically about martial arts. But I think the principles he shares are perfect for people seeking Financial Independence.
So, what about it? What are your favorite books about money? What are some lesser-known works that I ought to read? Are there books in other fields that have helped you master your personal finances? Help me stock my Kindle (and/or iPod) with a wealth library!
Note: I have another motive for asking this question. In addition to sharing book reviews here on the blog, I plan to create an ebook that summarizes the material I read. As a huge fan of Tom Butler-Bowdon's Fifty Classics series, I'm going to borrow elements of his format and presentation. (Here's an example.) My product — which, right now, I imagine I'll offer for free — is still at least a year away. I want to include around 50 books, so I have a lot of reading to do!
Author: J.D. Roth
In 2006, J.D. founded Get Rich Slowly to document his quest to get out of debt. Over time, he learned how to save and how to invest. Today, he's managed to reach early retirement! He wants to help you master your money — and your life. No scams. No gimmicks. Just smart money advice to help you reach your goals.