Advertiser Disclosure I recently had the privilege of being able to spend an entire weekend with a bunch of fellow money nerds at FinCon. It was my first time to attend the conference, and it was a blast. I not only learned a ton but also met so many great people. Casey ended up boiling the list down to what she considered the top 9 books. I highly recommend you read her article here. My only stipulation was that the book had to have been recommended by at least one person other than the authors themselves however, I have another article highlighting the amazing books that I discovered via authors responding to this thread.
Happy reading everyone! The Art of Money by Bari Tessler This is the book your money—savvy best friend, therapist, and accountant would write if they could. Everyone has pain and challenges, strengths and dreams about money, and many of us mix profound shame into that relationship.
All with a glass of wine in your hand. It is packed full of simple tips, tricks, checklists and quizzes that will help you to transform your personal wealth with minimum effort. Financial expert Erin Lowry goes beyond the basics to tackle tricky money matters and situations most of us face IRL, including: Understanding your relationship with moolah: do you treat it like a Tinder date or marriage material? Cory S. Fawcett Too many doctors are carrying perpetual debt and giving away a large chunk of each paycheck as interest to the bank.
The Doctors Guide to Eliminating Debt can show you how to pay off debt faster than you imagined—including your house. Being in debt is not a default condition. Malkiel and Charles D. Written with every investor in mind, this reliable resource will put you on a path towards a lifetime of financial success. Page by page, Malkiel, and Ellis skillfully focus their message to address the essentials and offer a set of simple, but powerful thoughts on how to avoid Mr.
All the investment rules and principles you need to succeed arehere—with clear advice on how to follow them. Shows you how to focus on the long-term instead of following market fluctuations that are likely to lead to costly investing mistakes Contains investment insights that can carry you all the way to, and through, retirement Written by Burton G. Criticism: 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 in need of an update.
The Four Pillars of Investing by William Bernstein Intermediate investors Comprehensive, holistic approach to investing Content: 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.
Applause: This is a great book for anyone that wants to self-educate on investing. Criticism: The history section may be a bit of a slog for some readers. From a review on Amazon. 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 percent of everything you earn and never touch it , and live on the remaining 80 percent no matter what.
You can't beat the info found here. These devotees of Vanguard 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. This book covers a broad range of topics, though its primary focus is investing. Applause: Not nearly as boring as it sounds.
Highly recommended. Criticism: It sticks pretty much to the notion that index funds are the best choice and could have done a better job of teaching how to decide which is the best choice. 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. Early Retirement Extreme For engineers Anyone who wants to retire by cutting costs drastically Content: Imagine a personal-finance book written by a theoretical physicist.
What would it be like? Full of formulas and figures, right? This is more than just a personal-finance book filled with formulas and figures. It's also philosophical. This book is about strategies, not tactics — it's about the big picture instead of the day-to-day actions needed to retire early.
If you're up to the challenge of filling in Fisker's framework with your own details, this book could be a life-changer. While many people think you need to earn big bucks to retire early, Fisker did it differently. Instead of boosting income, Fisker cut costs drastically. While drawing an average salary, he learned to live on less. Much less. He started to do things himself. His pre-retirement lifestyle and post-retirement lifestyle are essentially the same.
Except now he doesn't have to work. This isn't a bad thing, but it is unique. Some people will love it; others will hate it. But if you're up to the challenge of filling in Fisker's framework with your own details, this book could be a life-changer.
Wilder isn't bombastic and he doesn't tout any gimmicks. It's not really a book for beginners. It's targeted at folks who have reached the third stage of personal finance — or beyond. It's like a textbook for financial independence. But you know what? Smart personal finance is boring too. Smart personal finance isn't about being flashy or gambling in the stock market.
Smart personal finance is about making the right choices day after day, year after year. Work Less, Live More: The Way to Semi-Retirement by Bob Clyatt Those seeking alternatives to traditional retirement Content: Clyatt describes techniques for leaving the workaday world years or decades before the traditional retirement age of He suggests she wear flowers.
Only one problem: She loses the necklace. They live in destitution for ten years, when the wife runs into the wealthy friend, who can barely recognize her. She tells the friend her story.
Spoiler alert: The friend laughs because, oops, the necklace was a fake, and worth a fraction of what the replacement cost. Cue the sad trombone. Anyway, the point is to live within your means.
And maybe read more late 19th-century French literature when you can.She tells the friend her story. Criticism: It sticks pretty much to the notion that index funds are the best choice and could have done a better job of teaching how to decide which is the best choice. This is the business book that holds the secrets to keeping your money—and making more. The Automatic Millionaire is based on sound financial concepts.
Did you co-sign a car loan for an underemployed boyfriend who left you with lousy credit? Then five years. This is more than just a personal-finance book filled with formulas and figures. Kahneman — a nobel-winning behavioral economist brings you a book at the two ways in which our mind works, and how it affects the decisions we make about money, business, and our personal lives. This one seems to be relevant, smart, and extremely useful.
His pre-retirement lifestyle and post-retirement lifestyle are essentially the same. But if you're up to the challenge of filling in Fisker's framework with your own details, this book could be a life-changer. Warren provides an in-depth understanding of investing, business analysis, and solid takeaways for sound financial practices that serves as a foundation for financial health.
Prepare a personal balance sheet. They also have a considerable amount of indebtedness. Budgeting involves setting what percent of future income is to be spent on which categories of expenses, and then recording all purchases in order to track how well spending is staying within the predefined limits. Criticism: Networking for the sake of networking puts me off. Life insurance needs aren't one-size-fits-all. Having a resource full of the best investment advice from some of the wisest and most successful financial experts, is something that every young person should have on their shelf.
Did you co-sign a car loan for an underemployed boyfriend who left you with lousy credit? Financial literacy is much more than learning of how to count your money when purchasing a gallon of milk at the liquor store. Work The System: The Simple Mechanics of Working Less and Making More by Sam Carpenter Overwhelmed business owners Content: After spending years running his business out of his head, lunging from one emergency to the next, trying to physically and financially keep the company running, Carpenter had a life-changing epiphany that transformed his relationship to work, to home, and to other people. Applause: If you have trouble procrastinating or staying organized, this book is for you.
These books offer solid advice for how to create a future that matches your dreams. Applause: This is a great book for anyone that wants to self-educate on investing. The idea is you go three weeks spending only cash, only on the necessities. Criticism: Even though this is a beloved classic book on relationships, I came across an interesting criticism on Amazon. You needn't be one of them. The income can variable depended on the level of education and experiences.