We’re all about educating our clients on personal finance. If we weren’t, we wouldn’t be called the Fundamental Finance Academy. We hold financial workshops for schools and companies, meet for private counseling sessions, offer a wide range of tips and tricks on personal finance through our blog posts, and recommend our clients make full use of the resources available to them.
When it comes to literature on the subject, though, clients often come back to us for suggestions. There are so many books out there on personal finance and so much advice from so many experts. Let us save you some time and boredom (we know it’s not the most riveting topic) by weeding out the zillions of unworthy titles.
Here are the four personal finance books that have earned places on our shelves:
1. I Will Teach You To Be Rich, by Ramit Sethi
When it comes to giving financial advice, authors must be impeccably clear on what they’re advising you to do. Ramit Sethi breaks down complex financial ideas into bite-sized pieces of information that are easy for beginners to digest. Sethi has designed a six-week program geared toward the attainment of financial independence and stability, centered on ways to build wealth via self-entrepreneurship and the four pillars of personal finance: banking, saving, budgeting, and investing.
True to a course-like structure, Sethi offers many different modes of disseminating information, so that his readers can immerse themselves in the material. These include regular updates on his website forum, on various social media platforms, on his blog, and videos posted on YouTube.
I Will Teach You To Be Rich is available on Amazon.com for $7.88.
2. Rich Dad, Poor Dad, by Robert T. Kiyosaki
You may have heard of this one before. That’s because Rich Dad, Poor Dad is the top-selling personal finance book of all time. In parable form, author Kiyosaki discusses impactful financial lessons he’s gleaned from two of the most influential men in his life: his father and the rich father of his best friend. The book focuses on the mindset needed to gain wealth, asserting that rich kids will grow up rich, and poor kids will grow up poor because of how they’re (inadvertently) taught to regard financial matters.
Kiyosaki stresses the importance of investing, pursuing entrepreneurship, and educating yourself as to financial concepts that inevitably affect the course of your life.
Rich Dad, Poor Dad is available on Amazon.com for $4.83.
3. Your Money or Your Life, by Vicki Robin and Joe Dominguez
Your Money or Your Life offers readers a nine-step program that’s meant to culminate in financial independence. Working to redefine their readers’ relationship with money, authors Vicki Robin and Joe Dominguez ask some poignant questions, such as “Are you satisfied with the contribution you have made to the world” and “Do you have time to participate in things you believe are worthwhile?” The goal is to have readers stop perceiving money as something to slave for, and start seeing it as an entity that allows them to enjoy their lives to the fullest.
Robin and Dominguez educate their readers on the basics of money, how to attain dreams they may have given up on, differentiating between excess and essentials, how to gain more free time without suffering a financial loss, and more.
Your Money or Your Life is available on Amazon.com for $9.43.
4. The Investment Answer, by Daniel C. Goldie and Gordon S. Murray
Even when we have a grip on the fundamentals of finances, venturing into investing can be more than intimidating. Grasping the complexity of investment concepts appears as though it would take extreme dedication and require an entirely new lexicon of financial terminology.
Fortunately, Daniel C. Goldie and Gordon S. Murray, authors of The Investment Answer, guide beginning and experienced investors alike through the density of investment basics, describing them in language that the layman can understand. Then, they go on to state the five key decisions that each investor must make to build a profitable investment portfolio.
The Investment Answer is available on Amazon.com for $13.75.
If you’re looking for more worthwhile personal finance literature, contact Fundamental Finance Academy. We’d love to recommend more of our favorites!