I wanted to list out some favorite personal finance books of mine then I thought it would be more fun to turn to Twitter and ask some friends what their favorite books are. I think it’s interesting to see what influences different people.
Here are some great personal finance reads from friends on Twitter:
The Bogleheads’ Guide to Investing – A fun read in investing, giving you the basics of investing in funds with low or no costs. I’ve read this one myself and thoroughly enjoyed it! Recommended by @fiscalgeek
Your Money or Your Life
Think And Grow Rich – This Napolean Hill classic was written in 1937 and is still influential today. Hill interviewed top businessmen of his time to come up thirteen steps to success. I haven’t sunk my teeth into this one yet but it’s on my short list of books to read! Recommended by @jnickles
Automatic Millionaire – A proponent of the concept of paying yourself first and originator of the term “latte factor.” Recommended by @MoneyMonk, @MoneyEnergy
I Will Teach You To Be Rich – A 6-week personal finance program written by popular blogger Ramit Sethi (also a NY times bestseller). I’m going to have to check this one out! Recommended by @BudgetPulse
Millionaire Next Door – After interviewing the wealthy for years, authors Stanley and Danko reveal their results in seven steps to be wealthy. You’ll be surprised how most wealthy actually live! This book is an eye-opener and one I highly recommend. Recommended by @clarifinancial, @Scordo, @fiscalgeek
The Secret Language of Money – A look into the mind and why we act the way we do about money. Recommended by @MoneyHighway
Money, Purpose, Joy – A look at money and what really matters in life. Recommended by author @MattAboutMoney
Rich Dad, Poor Dad – This is one that people either love or hate! I have mixed feelings myself about it but it did open my eyes that we can take control of our financial lives and helped start me down the road to taking care of my finances. Recommended by @BSimple
Total Money Makeover – Pay cash, start with baby steps, and live your financial life with “gazelle intensity.” Dave Ramsey seems to be another polarizing figure in personal finance that many seem to listen to. Haven’t read it myself but many enjoy his work and radio show. Recommended by @fiscalgeek
A Random Walk Down Wall Street – I read this one this year and loved it! This is an easy to read book that can help you to manage your own portfolio. Professor Burton Malkiel examines different investment strategies and explains why most wont work and what you can do to handle your own portfolio. It’s also full of great anecdotes such as economic bubbles throughout history (tulips and housing have more in common than you think). Recommended by Me! @freefrombroke
Each of these books has merit and is worth checking out. Personally, I like to read all sorts of personal finance books to see the different ideas each has. I don’t think you should go follow what each book suggests. Instead, I think you get an idea of your own sensibilities and start to build up your own financial knowledge to use as a guide.
What do you think? Any favorite not listed? Let me know in the comments!
BTW, These would make great gifts for the holidays!
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Great Round up some I need to check out once I wade through my current bedside pile. Thanks for throwing my favs in there!
.-= Paul @ FiscalGeek´s last blog ..You Need a Budget (YNAB) 3.0 Personal Finance Software Review =-.
My pleasure. The only one of yours I haven’t read is Total Money Makeover. I really liked Boglehead’s Guide and Millionaire Next Door.
If there were only more hours in the day I’d be able to catch up on all of these books!
Awesome list, and a few I haven’t seen before. One of these weekends, I have to make a run to the library.
.-= Wojciech Kulicki´s last blog ..Alternatives to Traditional Christmas Gifts =-.
One weekend? I’ll need quite a few to catch up on this reading!
Let me add all three of William Bernstein’s books. With his latest, just came out:
http://investorjunkie.com/review-of-the-investors-manifesto-by-william-bernstein
.-= Investor Junkie´s last blog ..Weekend Reading for December 19, 2009 =-.
Great list! I read a couple of them. Looking forward to reading the rest! Thanks for the reading list.
.-= FrugalNYC´s last blog ..4 Reasons To Eat Grapefruit =-.
Do you have a favorite that’s not listed?
I enjoyed the Rich Kid Smart Kid book by RK.
I think it teaches some good lessons that should be put to use.
.-= FrugalNYC´s last blog ..4 Reasons To Eat Grapefruit =-.
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