Summer is just around the corner, and it’s the perfect time to kick back, relax, and catch up on some reading. And what better way to spend your time than by improving your financial knowledge?
The Financial Pipeline’s handpicked list of top seven financial books covers a range of topics, from personal finance to investing. So, whether you’re looking to get out of debt, build wealth, or plan for retirement, these books provide valuable insights and offer valuable tools for anyone looking to improve their financial well-being.
1. The Psychology of Money, by Morgan Housel
Everyone has biases and emotions that impact their financial decisions. This book explores that relationship, taking a deep look into how our psychology affects our economic well-being, and providing insights into how to develop healthier financial habits. Author Morgan Houseluses anecdotes and real-life examples to illustrate his points, making the book engaging and accessible for readers of all levels.
Top Review: “Morgan Housel’s The Psychology of Money is a revelation. Housel has managed to capture the essence of personal finance and investing in a way that is both insightful and entertaining. This book should be required reading for anyone looking to improve their financial literacy and make better decisions with their money” – Tony Robbins, author of Money: Master the Game.
2. The Intelligent Investor, by Benjamin Graham
If you’re just starting your investor journey, this book provides timeless advice for building your portfolio and navigating the stock market successfully. The Intelligent Investor is largely considered one of the best investing books of all time, because it emphasizes value investing and provides a framework for analyzing stocks and making informed trading decisions.
Top Review: “By far the best book on investing ever written” – Warren Buffett, CEO of Berkshire Hathaway.
3. Rich Dad Poor Dad, by Robert Kiyosaki
In this book, the author discusses his life growing up with two very different kinds of fathers. Kiyosaki describes one of them as being rich, and the other poor, and uses their life experiences to highlight their approaches to money. This book takes an unconventional approach to challenge traditional thinking about wealth. Kiyosaki emphasizes the importance of financial education and provides a roadmap for achieving financial literacy and independence.
Top Review: “Robert Kiyosaki’s work in education is powerful, profound, and life-changing. I salute his efforts and recommend him highly,” – Anthony Robbins, author of Awaken the Giant Within.
4. Your Money or Your Life, by Vicki Robin and Joe Dominguez
If you’re hoping to reach financial independence, this book offers a step-by-step program to change your relationship with money. From understanding the real cost of your spending habits, to learning how to budget and track your expenses, this book offers the tools necessary for saving, investing, and living a financially secure life.
Top Review: “This is a wonderful book. It can really change your life,” – Oprah Winfrey
5. The Total Money Makeover, by Dave Ramsey
This book gives you a no-nonsense guide to getting out of debt, building wealth, and reaching financial freedom. The author describes how to live life without owing anyone anything, and he lays out a clear, step-by-step plan for paying off debts and building up an emergency fund. Ramsey offers plenty of tips on investing, saving for post-secondary studies, and planning for retirement.
Top Review: “If you’re looking for practical information to help you get out of debt and build wealth, this is the book for you,” – David Bach, author of The Automatic Millionaire.
6. The Millionaire Next Door, by Thomas J. Stanley and William D. Danko
This book looks at how rich folks got that way, by examining the habits and behaviours that make them successful. The authors share tips to help you internalize those habits too. According to the authors, the key is living within your means, making smart investments, and staying away from debt. They’ve got tons of practical advice on how to save money and make it big in your career.
Top Review: “The Millionaire Next Door is an easy-to-read book full of valuable insights on how the wealthy accumulate their wealth. Highly recommended!,” – T. Harv Eker, author of Secrets of the Millionaire Mind.
7. The Simple Path to Wealth, by JL Collins
This book is a practical guide to achieving financial independence through long-term investing. The book provides a step-by-step plan for building wealth and achieving financial freedom, with a focus on simple and effective strategies that anyone can follow. Collins emphasizes the importance of low-cost index funds as the cornerstone of a successful investment portfolio, and provides detailed guidance on how to invest in these funds for maximum returns. He also offers advice on how to avoid common investing pitfalls and stay the course through market ups and downs.
Top Review: “This book is about having enough FU-money. When you have this money, you have the freedom to quit your job or change. And having this freedom is very powerful. The entire focus of the book is to keep investing as simple as possible. And it is something done quite well.” – Baptiste Wicht, PoorSwiss reviewer.