Most people would love to be better at managing their finances. While there are thousands of books about personal finance and money management, the tricky part is finding sound advice that will be useful and profitable. It seems that most people have similar objectives: saving more money, investing that money profitably and reaching their financial goals. In my opinion, there are few books that offer a sound perspective. The following are some of the best that I’ve come across which may be useful to someone embarking on a journey to reach their financial objectives.
Rich Dad Poor Dad by Robert Kiyosaki
Robert Kiyosaki’s book Rich Dad Poor Dad is the number one selling Personal Finance book of all time, and for a good reason. The book looks at the story of two dads. The author refers to his own father (whom he calls “poor dad,”) and the father of his best friend (whom he calls “rich dad”) and who became his mentor. These men took different roads and had different views on money, investing and employment. One dad valued education and worked his entire life where the other dad relied on “street smarts” and focused on becoming an entrepreneur. That path allowed him to become one of the wealthiest men in Hawaii while the “poor” dad struggled all his life financially. This book is excellent at explaining the difference between good and bad debt and offering a variety of perspectives regarding personal financial decisions.
The Total Money Makeover by Dave Ramsey
Dave Ramsey’s following is well- deserved due to his personal finance books, classes, podcasts, etc. His advice hits home and helps people make real and lasting changes in their lives to improve their money situation. His book, The Total Money Makeover, is a collection of his advice formed into seven easy steps to help you get out of debt and stay out of debt. It also includes information on investing, saving for the future and increasing cash flow. The book also helps readers recognize the ten most dangerous money myths and how to avoid falling into those traps.
Money Master The Game: 7 Simple Steps to Financial Freedom by Tony Robbins
Research from interviews with more than fifty of the most prominent financial experts in the world, including Warren Buffett and Steve Forbes, allowed Tony Robbins to create a seven-step system that anyone can use to find economic freedom. Steve Forbes calls Robbins’ book, Money Master The Game: 7 Simple Steps to Financial Freedom, “a gold mine of money making information.” Robbins uses metaphors and stories to paint a simple picture of some of the most complicated financial concepts. He works diligently to provide useful “real world” personal finance advice and dispel the many myths which actually keep people from meeting their financial goals. This book caters to people of every income level and provides practical exercises to help complete a path to financial freedom.