Best Books On Money Management.
One of the things I most recommend to others who are trying to learn how to manage their money is to read more money books. I have spent years studying and researching how to live frugally and I’m excited to share the best financial books for beginners with you!
Over ten years ago I randomly stumbled across a few money management books at the public library, I have always enjoyed self help books, so decided to bring one home with me. I walked out of the library holding the Total Money Makeover by Dave Ramsey and my life was forever changed.
I have always been somewhat frugal….but I didn’t ever have control of my money, and my budget was suffering because of it.
If I’m being honest……I used shopping as a hobby, I didn’t have a budget, I spent what we earned without a second thought, and I had no clear plan for a successful financial future.
After reading the Total Money Makeover my mindset completely shifted. I realized what was possible, with enough self control, and how to prepare my family for a happy future. This blog wouldn’t even exist with that book!
In the words of Dr.Seuss, “The more that you read the more things you will learn. The more that you learn, the more places you’ll go.” Reading is powerful!
If you are looking for encouragement, advice, or direction about money, “look in a book” (anyone else remember watching reading rainbow?). Here are 9 of the best financial books for beginners! I hope they will benefit you as much as they have helped me.
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1. The Total Money Makeover by Dave Ramsey
Of course number one on my list is the Total Money Makeover by Dave Ramsey. As mentioned above, this book changed my life, and I believe it can change yours too!
Dave Ramsey does a fantastic job explaining exactly what you need to do to manage your money. I love his straightforward real talk and easy to understand concepts. If you are new to money management and have debt you are trying to pay off then this is the book for you! It was written for the novice, and the steps are easy to follow and understand.
Be sure to check out Dave Ramseys website here for even more amazing info!
2. Rich Dad, Poor Dad by Robert Kiyosaki
Rich Dad, Poor Dad by Robert Kiyosaki blew my mind, for reals! This book will change your mindset about what it means to be rich and what it takes to become rich.
If you are looking for a book about how to be more frugal, this is not the book for you. But, if you are looking for ways to be financially successful, to grow a business, and earn a higher income, this is the book for you. It is so motivating and makes become rich feel achievable!
3. You Need a Budget by Jesse Mecham
I am obsessed with all things You Need a Budget! Their budgeting program is my favorite thing ever, and this book has helped propel our finances forward. I like to brag that I loved YNAB before YNAB was even cool….because I really have been with them since the very beginning!
In his easy to understand writing Jesse Mecham outlines four rules to financial success. These rules will change your money mindset and help you understand the big picture of budgeting.
And, while we are on the subject, if you are looking for good budgeting software be sure to give the You Need a Budget website a look. It does cost money to use, but it’s been worth it for me!
- Related: How to Start Budgeting for Beginners
4. The Millionaire Next Door by Thomas J. Stanley and William D. Danko
The Millionaire Next Door is one of the best books about money for beginners. It debunks the myth that the only way to be wealthy is to be born into it or to earn an extremely high income. This book explains exactly how everyone, no matter what they were born into, can become a millionaire.
It’s not easy and it takes planning and sacrifice, but it is possible! I love the motivation that this book gives me to reach my dreams! Anything is possible!
5. Money Master the Game by Tony Robbins
Oh, I just love Tony Robbins. He has such a great way with words and always motivates me. In his book, Money Master the Game, Tony Robbins teaches his 7 steps to financial freedom. It’s packed full with so many great tips and advice.
My favorite parts of this book is when Tony Robbins shares his knowledge about investing. Investing can feel a little intimidating to the beginner (or is that just me….), but he teaches it in a way that is not only easy to understand but practical to implement. After I read this book I felt like I could actually start investing with confidence!
6. The Richest Man In Babylon by George S. Clason
One of the very best financial books for beginners is The Richest Man In Babylon. It gives super easy to follow principles to help everyone save money and build wealth. The author, George S. Clason, uses fictional characters and short stories to teach each of these principles, which makes the book a very fun read.
This is a very relatable book, perfect for anyone who knows very little about money, or someone who feels like they know it a lot. The perfect book for financial beginners!
7. The Little Book of Common Sense Investing by John C. Bogle
This is one of the very best books out there when it comes to learning investing. In the Little Book of Common Sense Investing John C. Bogle teaches everything that you need to know to start investing in the stock market.
He uses a conservative, long term approach to give you the tools you need to start investing today. If you have been wanting to start investing, but haven’t been sure where to start….start with this book!
8. The Simple Path to Wealth by JL Collins
The Path to Wealth is one of my all time favorite books about money for beginners. It covers all the personal finance topics from debt to investing and everything in between. JL Collins writing is so easy to follow and fun to read, he makes money feel easy! (which is not an easy thing to do).
This book is for you if you are new to personal finance and are looking for a good road map to get started.
9. The 9 Steps to Financial Freedom by Suze Orman
I just love Suze Orman, I know her style isn’t for everyone, but I truly enjoy her straight to the point method of teaching.
The 9 Steps to Financial Freedom teaches you more than just the personal finance basics, and that is why I love it so much! Suze Orman teaches you to have a healthy relationship with your finances and helps you to understand your feelings and emotions attached with money.
There is more to smart spending and frugal living than knowing the numbers, and this book will help you understand just that! If you struggle with emotional spending read this book!
There are literally thousands of great money books for beginners out there. Try to set a goal to read one or two of them each month. I really think you will be surprised at just how great of a difference they will make in your life!
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What are the best financial books for beginners that you have read?
Live your life, not theirs by Rachel Cruze
The money saving mom’s budget by Crystal Paine
2 of my favorites ❤️❤️❤️
Sweet Frugal Life says
Thanks for sharing! These have both been on my To Read list!!
Marsha Wells says
Do you mind sharing the names of a few great books for people who aren’t money manager novices, but need ongoing material to stay motivated? Thanks
Sweet Frugal Life says
Retire Before Mom and Dad and How I Invest My Money are both really good for someone a little more advanced with money knowledge!