Updated: Feb 20
This is the second list of books that includes the bestselling authors and guides to improve your money management skills whether you’re a salaried individual or a business owner.
Getting financial freedom is everyone’s end goal. We try to learn the skills of money management from financial experts. These skills or rather ways are so easy to understand, it seems so easy while reading. But when you start applying them, you find those tiny details that make them hard to continue. For example, you may think making a budget in an excel sheet is easy and so you start making it, once you get into the detail making, updating those numbers daily, you find them boring, so you drop. Believe me, once you put that boredom aside after few days that sheet starts showing you your mistakes and you can start avoiding these mistakes which can result in saving few dollars.
The same thing applies to other ways, you must start applying them, keep patience and results will come.
1. Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey
Rating: Goodreads_4.3/5, amazon_4.7/5
If you’re tired of the lies and sick of the false promises like all the nutty get-rich-quick schemes, the fiscal diet fads that leave you with a lot of kooky ideas but not a penny in your pocket, take a look at this—it’s the simplest, most straightforward game plan for completely making over your money habits. And it’s based on results, not pie-in-the-sky fantasies. With this, you can design a sure-fire plan for paying off all debt—meaning cars, houses, everything, recognize the 10 most dangerous money myths (these will kill you), secure a big, fat nest egg for emergencies and retirement!
“Typical millionaire lives in a middle-class home, drives a two-year-old or older paid-for car, and buys blue jeans at Wal-Mart.”
2. Get a Financial Life: Personal Finance in Your Twenties and Thirties by Beth Kobliner
Rating: Goodreads_3.9/5, Thriftbooks_4.8/5, amazon_/5
For two decades, Beth Kobliner’s bestseller has been the financial bible for people in their twenties and thirties. In this completely revised and updated edition, Kobliner shares brand-new insights and concrete, actionable advice geared to help a new generation of readers form healthy financial habits that will last a lifetime. With fresh material that reflects the changing digital world, Get a Financial Life remains an essential tool for young people learning how to manage their money.
“When you feel strapped and are living from paycheck to paycheck, saving money for anything – particularly retirement – seems impossible. But you must make saving a priority, because the benefits of starting early can’t be overstated.”
3. Clever Girl Finance: Ditch debt, save money and build real wealth by Bola Sokunbi
Rating: Goodreads_3.8/5, amazon_4.7/5
Lighthearted and accessible, Clever Girl Finance encourages women to talk about money and financial wellness and shows them how to navigate their own murky financial waters and come out afloat on the other side. Money expert and author Bola Sokunbi guides on ditching debt, saving money, and building real wealth.
“If you do not know how to manage your money when you have none, then there's no way you're going to be able to manage it when you have a lot.”
4. The One-Page Financial Plan: A Simple Way To Be Smart About Your Money by Carl Richards
Rating: Goodreads_3.7/5, amazon_4.3/5
The One-Page Financial Plan will help you identify your values and goals. Carl Richard's simple steps will show you how to prioritize what you really want in life and figure out how to get there. A great plan has nothing to do with the details of how to save and invest your money and everything to do with why you're doing it in the first place. Knowing what's important to you, you will be able to make better decisions in any market condition.
“People who understand interest earn it. People who don’t pay it.”
5. Spend Well, Live Rich (previously known as 7 Money Mantras for a Richer Life) by Michelle Singletary
Rating: Goodreads_3.6/5, amazon_4.6/5
In a plainspoken, sassy, no-nonsense voice, Michelle provides answers to the financial issues that confront almost every household: how to teach children the value of money; how to address money issues in a relationship or marriage; household saving tips; getting the best loans; and much more. Also, with little humor and down-home financial wisdom, Michelle Singletary offers practical and realistic advice that will help you live well with the money you have.
“It’s about feeling free to be cheap if you can’t afford to buy a ton of gifts at Christmas. It’s about eliminating wasteful spend-ing so you can begin to save and invest. It’s full of uncommon commonsense lessons and guidance on the way people should use their money.”
6. MONEY Master the Game: 7 Simple Steps to Financial Freedom by Tony Robbins
Rating: Goodreads_4.0/5, Flipkart_4.5/5, amazon_4.5/5
“If there were a Pulitzer Prize for investment books, this one would win, hands down” (Forbes).
Based on extensive research and interviews with some of the most legendary investors at work today (John Bogle, Warren Buffett, Paul Tudor Jones, Ray Dalio, Carl Icahn, and many others), Tony Robbins has created a 7-step blueprint for securing financial freedom. With advice about taking control of your financial decisions, to setting up a savings and investing plan, to destroying myths about what it takes to save and invest, to setting up a “lifetime income plan”.
“Life isn’t about waiting for the storm to pass; it’s about learning to dance in the rain. It’s about removing the fear in this area of your life so you can focus on what matters most.”
7. You're So Money: Live Rich, Even When You're Not by Farnoosh Torabi
Rating: Goodreads_3.2/5, eBay_5.0/5, amazon_3.4/5
Finally a savvy, realistic finance book for those of us who love our Starbucks mocha lattes and Razr cell phones but don’t want our Jimmy Choo shoes or Bose headphones buried under a pile of burgeoning debt. Twenty-something financial reporter Farnoosh Torabi tells you that you can satisfy your sophisticated tastes and achieve financial bliss.
“Goals carry price tags! So, it’s better to understand your goals and how to afford them early on.”
8. The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life by JL Collins
Rating: Goodreads_4.5/5, audible_4.5/5, amazon_4.7/5
In a refreshingly unique and approachable take on investing in his patented no-frills and often humorous style, JL makes it both approachable and simple and powerful. This book grew out of a series of letters to his daughter concerning various things mostly about money and investing she was not yet quite ready to hear. Here’s an important truth: Complex investments exist only to profit those who create and sell them. Not only are they more costly to the investor, they are less effective.
“Stop thinking about what your money can buy. Start thinking about what your money can earn.”
9. The Financial Diet: A Total Beginner's Guide to Getting Good with Money by Chelsea Fagan and Lauren Ver Hage
Rating: Goodreads_3.4/5, Scribd_4.0/5, amazon_4.5/5
*One of Real Simple's Most Inspiring Books for Graduates*
Whether you’re in need of an overspending detox, buried under student debt, or just trying to figure out how to live on an entry-level salary, The Financial Diet gives you tools to make a budget, understand investments, and deal with your credit. Chelsea Fagan has tapped a range of experts to help you make the best choices for yourself, but she also knows that being smarter with money isn’t just about what you put in the bank.
“I didn’t want to give in to the idea that there were certain rules I needed to live by- or worse, I had to impose them on myself.”
10. Smart Women Finish Rich: 9 Steps to Achieving Financial Security and Funding Your Dream by David Bach
Rating: Goodreads_4.1/5, amazon_4.7/5
Whether you’re working with a few dollars a week or a significant inheritance, Bach’s nine-step program gives you tools for spending wisely, establishing security, and aligning money with your values. Plus, in this completely revised and updated edition, David Bach includes critical new long-term investment advice, information on teaching your kids about money, Internet resources, and new ways to attract greater wealth–personal and financial–into your life.
“It’s hard to be depressed when you are excited about your future, and that’s what dreams do: They make us believe that tomorrow is going to be better than today.”