Financial Literacy Books
Each book caters to a different audience so here’s our top 12 financial literacy books organized by different groups. See which books are right for you:
For The Complete Beginner
Rich Dad Poor Dad
By Robert Kiyosaki
In Rich Dad Poor Dad, Kiyosaki discusses some of the core financial lessons he learned growing up. Including, what assets and liabilities are, how you don’t need to make a lot of money to get rich, and other personal finance advice.
I Will Teach You to Be Rich
By Ramit Sethi
In this 6-week program, Sethi teaches you how to earn more, save more, and live a rich life. It includes tips on setting up high-interest bank accounts, getting out of debt, automating your finances, avoiding late fees, saving thousands each month, developing an investment strategy, planning for big life events, negotiating a raise at work, and more.
For Debt Management
The Total Money Makeover
By Dave Ramsey
In this book, Ramsey provides advice on getting out of debt, starting an emergency fund, and saving for college and retirement. He also goes deeper into his famous “Snowball Method” for debt repayment.
For Building Wealth
The Automatic Billionaire
By David Bach
This book tells the story of a couple who transformed their $55,000 combined annual earnings to reach their financial dreams. Bach describes how to set up a financial system that automatically builds your wealth and helps you achieve your financial dreams too.
Your Money or Your Life
By Vicki Robin
Robin provides an easy-to-follow, nine-step plan to becoming financially independent and setting up systems to build wealth. She offers practical advice that can be applied whether you want to retire early or not.
For Investing
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
By Burton Malkiel
A great first book for new investors, featuring material on tax management, the bitcoin bubble, factor investing, risk parity, and more. Malkiel also offers key insights on stocks and bonds, real estate investment trusts, home ownership, and tangible assets. For anyone looking to start a portfolio or 401(k), this book helps guide you through today’s financial markets.
The Intelligent Investor
By Benjamin Graham
Benjamin Graham is one of the greatest investment advisors of the twentieth century. In this book, he explains his philosophy of value investing and teaches you to develop long-term strategies. It is widely known as the stock market bible since its original publication in 1949.
For Building The Right Mindset
The Psychology of Money
By Morgan Housel
This book provides perspective on the psychology of money and your decisions around spending money. Rather than providing investment or saving advice, Housel gives tips for combatting your psychological biases.
Grit: The Power of Passion and Perseverance
By Angela Duckworth
Duckworth looks at important predictors of success, including developing a growth mindset and how finding our passions can drive success. It’s a great read for anyone interested in developing a growth mindset with their finances and overcoming financial hurdles such as unexpected expenses.
For Students/New Graduates
Why didn’t they teach me this in School?
By Cary Siegel
Cary Siegel introduces 99 principles and 8 money lessons that should be taught in school but aren’t. It’s a quick and easy read, focused on helping new grads start their personal finance journey. Siegel’s principles are based on his own financial life experiences and offer a practical perspective on financial management.
For Young Adults and Millennials
Broke Millennial: Stop Scraping and Get Your Financial Life Together
By Erin Lowry
This book offers step-by-step guidance on how to transform from a broke millennial to a financial guru. It covers topics such as managing student loans, understanding your relationship with money, discussing finances with your partner, and other real life financial challenges millennials face.
For Parents
The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money By Ron Lieber
This book is the perfect guide to help parents positively shape their childrens’ view of money and manage their finances. It covers everything from cell phone bills to college expenses, providing practical, easy to follow advice to avoid spoiling your children.
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