10 Books to Improve Your Money Management Skills

Updated: Feb 20

Here’s the ultimate list for every age to start reading to avoid being financially broke. But remember knowledge is of no importance if you don’t apply it.


Everyone’s problem is different, it can be debt or tax or altogether. Find the book on the topic you really need to improve on and grab every essence of it.



1. The Wealthy Barber by David Chilton

Released: 1989

Pages: 200

Rating: Goodreads_4.0/5, audible_4.5/5, amazon_/5

With the help of his fictional barber, Roy, and a large dose of humor, Chilton shows you how to take control of your financial future--slowly, steadily, and with sure success. Chilton's plan (detailed in an entertaining story) is no get-rich-quick scheme, but it does make financial independence possible on nothing more than an average salary.

“I think people should spend more on experiences and less on stuff, but then again, within the context of affordability.”


2. Your Money or Your Life by Vicki Robin

Released: 1992

Pages: 291

Rating: Goodreads_4.0/5, Flipkart_4.3/5, amazon_4.5/5

With a foreword by "the Frugal Guru" (New Yorker) Mr. Money Mustache is the ultimate makeover of this bestselling classic, ensuring that its time-tested wisdom applies to people of all ages and covers modern topics like investing in index funds, managing revenue streams like side hustles and freelancing, tracking your finances online, and having difficult conversations about money.

“Money is something you trade your life energy for. You sell your time for money. It does not matter that Ned over there sells his time for a hundred dollars and you sell yours for twenty dollars an hour. Ned’s money is irrelevant to you. The only real asset you have is your time. The hours of your life.”


3. The Millionaire Next Door by Thomas J. Stanley

Released: 1996

Pages: 273

Rating: Goodreads_4.0/5, Flipkart_4.6/5, amazon_4.6/5

The authors did a great job analyzing America’s millionaires who had a net worth of more than USD 1M. Only 3.5 percent of people were millionaires out of which 95 percent were having a net worth between USD 1M to USD 10M. These millionaires live among us and this book tells you real facts like what do they do? Where do they shop? What do they drive? How do they invest? Where did their ancestors come from? How did they get rich? And can I ever become one of them?

“I am not impressed with what people own. But I’m impressed with what they achieve. I’m proud to be a physician. Always strive to be the best in your field…. Don’t chase money. If you are the best in your field, the money will find you.”


4. The Money Book for the Young, Fabulous & Broke by Suze Orman

Released: 2004

Pages: 422

Rating: Goodreads_3.9/5, Barnes & Noble_3.8/5, amazon_4.6/5

The New York Times bestselling financial guide aimed squarely at "Generation Debt". Over the course of ten chapters that can be consulted methodically, step-by-step or on a strictly need-to-know basis, Suze takes the reader past broke to a secure place where they'll never have to worry about revisiting broke again. And she begins the journey with a bit of overwhelmingly good news (yes, there really is good news): Young people have the greatest asset of all on their side — time.

“Many of the good things would never have happened if the bad events hadn't happened first.”



5. Broke Millennial by Erin Lowry

Released: 2017

Pages: 288

Rating: Goodreads_4.0/5, audible_4.6/5, amazon_4.7/5

Broke Millennial shows step-by-step how to go from flat-broke to financial badass. Unlike most personal finance books out there, it doesn’t just cover boring stuff like credit card debt, investing, and dealing with the dreaded “B” word (budgeting). Financial expert Erin Lowry goes beyond the basics to tackle tricky money matters and situations most of us face. Packed with refreshingly simple advice and hilarious true stories, Broke Millennial is the essential roadmap every financially clueless millennial needs to become a money master.

“Financial health is a privilege that should be afforded to everyone – and it starts with being willing to have the conversation while also recognizing our own background and bias."


6. The Automatic Millionaire by David Bach

Released: 2003

Pages: 288

Rating: Goodreads_3.9/5, amazon_4.7/5

The Automatic Millionaire starts with the powerful story of an average American couple--he’s a low-level manager, she’s a beautician--whose joint income never exceeds $55,000 a year, yet who somehow manage to own two homes debt-free, put two kids through college, and retire at 55 with more than $1 million in savings. Through their story you’ll learn the surprising fact that you cannot get rich with a budget!

“Remember, inspiration unused is merely entertainment. To get new results, you need to take new actions.”


7. I Will Teach You To Be Rich by Ramit Sethi

Released: 2009

Pages: 266

Rating: Goodreads_4.1/5, Flipkart_3.6/5, amazon_4.4/5

Sethi covers how to save time by not wasting it managing money; the guns and cars myth of credit cards; how to negotiate like an Indian--the conversation begins with "no"; why "Budgeting Doesn't Have to Suck!"; how to get things rolling--for real--with only $20; what most people don't understand about taxes; how to get a CEO to take you out to lunch; how to avoid the Super Mario Brothers trap by making your savings work harder than you do; the difference between cheap and frugal; the hidden relationship between money and food.

“There is a limit to how much you can cut but there is no limit to how much you can earn.”


8. Rich Dad Poor Dad by Robert Kiyosaki

Released: 1997

Pages:

Rating: Goodreads_4.1/5, audible_4.8/5, amazon_4.6/5

#1 Personal Finance book of all time

In this book, Robert Kiyosaki talks about his two dads; one is his biological father and other is the father of his friend Mike. This book emphasizes the importance of passive income and making money work for you instead of you working for money. Right from the beginning, the book succeeds in captivating the reader. That’s because it’s written from the perspective of a middle-class person and how he sees the rich people around him.

“In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don’t make mistakes.”


9. Retire Before Mom and Dad by Rob Berger

Released: 2019

Pages: 268

Rating: Goodreads_4.4/5, audible_4.7/5, amazon_4.7/5

You will learn how to unlock the superpower inside of you that is capable of transforming almost any income into lasting financial freedom. All you need is a roadmap to follow and you can create a life most people only dream about. A life free from financial stress. Find everything you need to get out of debt, control spending without painful budgets, manage multiple financial goals, and start investing for retirement. And yes, you'll even learn how to retire early if FIRE (Financial Independence, Retire Early) is your goal.

“There is nothing more deceptive than an obvious fact.”


10. The Money Manual by Tonya B. Rapley

Released: 2018

Pages:

Rating: Goodreads_4.6/5, audible_4.4/5, amazon_4.6/5

In this book you will learn; how to manage your money without feeling overwhelmed, a simple method for creating and implementing achievable financial goals, ways to use money as a tool to improve your life, the best way for you to tackle financial basics such as budgeting, saving, improving or building credit, and eliminating debt, how to navigate your student loan debt, understand your rights, and determine the best payment strategies available to you.

“You don't need fancy degrees or certifications to become a better manager of your money.”
10 views0 comments

or comment as a guest

©2020 by Earn Honestly.