Are you looking for improving your personal finance situation? Or are you looking for teaching your children about finance when they prepare to graduate and ready to work on their own feet and control their personal finances?
To help answer these questions, I’ve put together a list of the top 9 best personal finance books in 2020. Adding these books to your collection is sure to set you up for financial success or you can give as valuable gifts for your children to teach them about personal finance.
Please notice that some of these books are a bit more technical and some of them are more philosophical. It’s important to have the complete picture. This allows you to both understand how to “run the numbers” as well as to be in the right mindset to do so in this year 2020.
I hope you will enjoy it and let me know what your favorites are!
And here is the list of 10 best personal finance books to read in 2020.
Your Money or Your Life has been published for the first time in 1992 by Vicki Robin, however the mindset and logic in this book is still super valuable until nowadays. Personally, I consider that this one can be known as the foundational personal finance book that everyone need to read when you are in your 20s.
The concept of “making a dying” is perhaps what makes this book so powerful. We normally say about “make a living” – but what if we switch your mindset to think and do it in the opposite way?
This book will help you to answer a lot of questions about philosophy with your money that will change your mindset in a complete way in using and understanding the real value of money and how to play your financial game in an effective way.
Do you want to be a staff forever? Or do you want to take control of your life by being your boss?
I highly recommend you to read this book to find out how you can do it
“How to invest like the legend Warren Buffet?”
If it is your concern, this book is for you. The book that was written by Mathew R. Kratter goes into depth about the method of how Warren Buffet invests his money. What are his strategies for investing? How can he achieve multiple success in investing with higher ROI than anyone else on the earth?
Analysis of Mathew R. Kratter in his book will surprise you about the way legend Warren Buffet did his investments. Readers will learn about when to purchase, how to pick the right high-value stocks, determine which businesses to invest in, and so on.
This book was released early at the beginning of 2019 by Grant Sabatier. In his book, he gives you a total guide to creating and building wealth, as well as creating the motivation for you towards achieving your financial freedom.
This book provides an outline for managing money while obtaining your financial freedom. In this book, you will see Sabatier discuss how to live based on your own needs and value time more than money.
This is certainly a great book for anyone looking for better ways to improve personal finance, especially with updated information and techniques that you can apply.
This is a great book that was written by the founder and CEO of Sterling Bank, Anne Boden. In this book, it provides much-needed insights into the ways people are spending, saving, and investing their own money, as well as how new technologies are changing the way we can manage our finances.
She also attempts to change our traditional way of thinking with regards to money.
Moreover, Ann Boden also shares her views of smart banking and the positives with open banking.
Overall, there are brilliant ideas that can help you manage your money in this book. Making it a great addition to our list of best personal finance books.
5) Millennial Money Makeover: Escape Debt, Save For Your Future, and Live the Rich Life Now – Conor Richardson
This book has intended to teach millennials (or young generations) to learn about and deal with the financial issues of today. Conor Richardson lays out a six-steps journey that can help you transform your personal finance to a better way, especially in the consuming society nowadays.
Things like paying off student loan debt fast, tricks for establishing a successful financial future, and more are covered in this book.
This book makes it on my list of the best personal finance books because it’s so updated and can apply effectively in any situation. Anyone that wants to learn how to invest, manage debt, save money and other financial skills will enjoy this book.
You can order your copy on Amazon here.
The Broke Millennial Takes On Investing by Erin Lowry can be considered as a great reference or resource for newbies to the investing world. In this book, you can see the investing process in a manner that is easy to understand and less scary.
In addition, this book discusses what people might miss out on when they don’t have a complete understanding about investing.
After reading this book, you’ll feel eager and ready to grow your own wealth via investing. Erin brings the readers into the insights of the modern world of investing in discussions about Robo-advisor and investment apps.
And this book is definitely one of the best personal finance books released in 2019.
Wondering about how to make extra money by finding the side hustles?
This book will give you a hundred stories about real-world successful side business owners.
Chris Guillebeau offers readers the step-by-step process to understand how to set up your side business, what niche you should choose?; what things do you need to concern before starting?;… Every story in the book is motivational and inspirational for readers to start their own business.
8) Rich Dad Poor Dad: What the Rich Teach Their Kids About Money – That The Poor and Middle Class Do Not. 20th Anniversary
Obviously, if I don’t mention this book will be a big mistake in this article. The first time I read “Rich dad poor dad” was about 10 years ago, it is a long time but I try to keep re-read it every year at least one time.
Because the lessons in this book are so valuable and make me feel like it is never out of date. And I want to share with you the newer version of Robert T.Kiyosaki book – it is his 20th-anniversary edition of “Rich Dad, Poor Dad”.
So impressive for a book, right!
It is also claimed to be the best personal finance book of all time with over 13 million copies sold worldwide. And in this new edition, Robert Kiyosaki and Sharon Lechter focus on independence, wealth creation, and why you must become financially educated.
In addition, Robert assesses how the teachings of his Rich Dad have stood the test of time in this edition of the book.
What do you do if you just have 4 hours to work every week? If you really want to get more freedom in life and learn how to work less and more effectively. This book of Tim Ferriss is perfect for you to answer this question.
In this book, Tim Ferriss will teach you:
– How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want?
– How blue-chip escape artists travel the world without quitting their jobs?
– What automated cash-flow “muses” are and how to create one in 2 to 4 weeks?
– How to cultivate selective ignorance-and create time-with a low-information diet?
– What the management secrets of Remote Control CEOs are?
– How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist?
– How to get free housing worldwide and airfare at 50-80% off?
– How to trade a long-haul career for short work bursts and frequent “mini-retirements”?
– What the crucial difference is between absolute and relative income?
– How to train your boss to value performance over presence, or kill your job (or company) if it’s beyond repair?
– How to fill the void and create a meaningful life after removing work and the office?
So great to answer all these questions in a single book, right!? It will be super valuable for you to have a complete understanding about these questions and can start to create more freedom in your work to achieve the things you want.
A person who has a good personal finance plan can make all the difference between living paycheck to paycheck forever and freeing yourself from the rat race. And starting with a great personal finance book in this list is your first important start to have a right mindset and tools to start purchasing your dream life.
Because new information opens the mind up to new possibilities and imagination. And let enjoy your reading and be ready for a successful personal finance life!
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