Financial Literacy Books

Advertiser DisclaimerWallStreetMojo is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to
Some of the links on this page will take you to products that we think you'll like. There is no additional cost to you, and it helps us earn money so we can continue to supply you with useful information.

Top 10 Financial Literacy Books [Updated 2022]

Robert Kiyosaki says ‘every person who graduates from school is financially illiterate.’ Add the books on financial literacy to your reading list to increase your financial literacyFinancial LiteracyFinancial literacy refers to an investor's knowledge and understanding of various financial products that help him with money management, personal finances, investment, and tax planning. It examines how prudently an individual manages his finances, therefore building the necessary requirements such as an emergency fund, a retirement fund, and how they plan to handle insurance, estate planning, paying for education, more. Below is the list of top 10 financial literacy books that you must read in 2021 –

  1. Rich Dad Poor Dad ( Get this book )
  2. The Intelligent Investor ( Get this book )
  3. The Richest Man In Babylon ( Get this book )
  4. Stop Acting Rich ( Get this book )
  5. The Millionaire Next Door ( Get this book )
  6. Think And Grow Rich by Napolean Hill ( Get this book )
  7. The Richest Engineer ( Get this book )
  8. From The Rat Race to Financial Freedom ( Get this book )
  9. The Simplest Path to Wealth ( Get this book )
  10. Your Money Or Your Life ( Get this book )

Let us discuss each of the financial literacy books in detail along with its key takeaways and reviews.

Financial Literacy-Books

You are free to use this image on your website, templates etc, Please provide us with an attribution linkHow to Provide Attribution?Article Link to be Hyperlinked
For eg:
Source: Financial Literacy Books (

#1 – Rich Dad Poor Dad

By Robert Kiyosaki

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

Book Review:

The book is a fun story in which the writer shares the story of his learning and experiences from his two fathers, one he called the “Poor Dad,” and others he named the “Rich Dad.”

Writer-speaker-billionaire Robert T.Kiyosaki advocates the importance of financial literacy through this book and provides basic rules and principles to achieve financial freedom.

Key Takeaways

  1. Rich don’t work for money; they make their money work for them.
  2. The Rich acquire assets, but the poor acquire liabilities.
  3. Understand the true meaning of assets and liabilities.
  4. Money without financial intelligence is money soon gone.
<< Get this book >>

#2 – The Intelligent Investor

By Benjamin Graham.

The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing

Book Review:

A globally acclaimed book on value investing (It is an investment tactic to select the under-valued stocks). Investopedia says serious physicists read about Sir Isaac Newton’s theories about gravity and motion. And serious investors read Benjamin Graham’s Books teachings about finance and investment.

Key Takeaways

  1. While analyzing stocks, throw emotions of greed and fear out of the window.
  2. Focus on the company’s true value and do not trust the media hype.
  3. Protect yourself from big losses. Diversify your portfolio.
<< Get this book >>

#3 – The Richest Man In Babylon

By George S. Clason.

The Richest Man in Babylon

Book Review:

The classic was first published in 1926 but its concepts and teachings are still valid in current scenarios. The book is a fascinating story set in ancient Babylon that reveals the success secrets to personal wealth.

Key Takeaways

  1. Keep ten percent of your earnings for yourself.
  2. Invest the money you save.
  3. Advice is free.
  4. Take advice from the experts in their field.
<< Get this book >>

#4 – Stop Acting Rich

And Start Living Like A Real Millionaire

Stop Acting Rich: ...And Start Living Like A Real Millionaire

By Thomas Stanley

Financial Literacy Book Review:

The book gives a clear and simple message to its readers that “lasting wealth and happiness is rarely found through buying expensive things. It shows you the way to live like a rich person by accumulating more wealth and further using it to achieve financial freedom.

Key Takeaways

  1. Learn the difference between being rich and acting rich.
  2. Wealthy people invest their money so that they can meet their long term goals.
  3. A nonmillionaire tries to imitate the ultra-wealthy and ends up with financial disasters.
<< Get this book >>

#5 – The Millionaire Next Door

The Surprising Secrets of America’s Wealthy

The Millionaire Next Door: The Surprising Secrets of America's Wealthy

By Thomas Stanley.

Book Review:

The book is a result of extensive profiling of people of America whose net worth exceeds one million dollars done by its writers Stanley and Danko. The book tried to bust the myth about the millionaires and shows the millionaire’s path, which could be followed to achieve financial freedom.

Key Takeaways

  1. Millionaires believe more in financial independence rather than showing off their top-class social status.
  2. Efficiently allocate your time, energy, and money to build wealth.
  3. Choose the right occupation and grab market opportunities.
<< Get this book >>

#6 – Think And Grow Rich by Napolean Hill

Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century (Think and Grow Rich Series)

Book Review:

The book is based on the philosophy of “helping yourself.” He says this philosophy can help people succeed in any line of work, just smart thinking. The book teaches the science of success and the art to grow your net worth.

Key Takeaways

  1. To become a millionaire, better learn from a millionaire.
  2. Decide a goal and be flexible about your plans.
  3. Don’t hesitate to change plans that are not working
<< Get this book >>

#7 – The Richest Engineer

A Story That Will Unravel The Secrets Of The Rich

The Richest Engineer

By Abhishek Kumar

Book Review:

The writer asks a very important question through his book he says, “have you ever wondered why some people get rich easily, while others struggle financially all their lives?” He answers this question with the help of a story and conversation between two friends Vinay and Ajay.

He says individuals should accumulate wealth by investing their income properly. He also provides some basic principles that must be followed to achieve the desired.

Key Takeaways

  1. Anyone can become rich.
  2. We have been wrongly taught about money all throughout our life.
  3. How to change our attitude towards money.
  4. Learn ways to increase your income and decrease your expenses and taxes while maintaining your current standard of living.
<< Get this book >>

#8 – From The Rat Race to Financial Freedom

By Manoj Arora

From the Rat Race to Financial Freedom (Second Edition)

Financial Literacy Book Review:

The book tries to teach the true meaning of the term “Financial Freedom” in the simplest way possible. Manoj says every one of us is trapped in a mindless rat race (a way of life in which people are trapped in a fiercely competitive struggle where they want to earn more and more money)

He adds, if one wants to get out of the rat race and achieve financial freedom, then he must take control of his finances and constructs a personal financial plan.

Key Takeaways

  1. Financial freedom is not defined by your net worthNet WorthThe company's net worth can be calculated using two methods: the first is to subtract total liabilities from total assets, and the second is to add the company's share capital (both equity and preference) as well as reserves and more or your social status.
  2. The level of your earnings doesn’t mean maters.
  3. How much you save and how you invest those maters.
<< Get this book >>

#9 – The Simplest Path to Wealth

By J.L. Collins.

The Simplest Path to Wealth: Turn $50,000 into $3.3 Million

Book Review:

The book quotes, “Since money is the single most powerful tool we have for navigating this complex world we have created, understand it is critical.” However, the book provides some simple approaches to acquire and accumulate wealth.

Key Takeaways From This Top Financial Literacy Book:

  1. Avoid debt. Learn the dos and don’ts if you have it.
  2. The reality of stock markets and how it actually works.
  3. The truth behind social security.
<< Get this book >>

#10 – Your Money Or Your Life

9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence

The Simplest Path to Wealth: Turn $50,000 into $3.3 Million

By Joseph R.Dominguez.

Financial Literacy Book Review:

The book is about transforming your relationship with money, which is much more than just earnings, spending, savings, or debts. It includes the time factor that you have to spend on these four functions. It also took care of the sense of satisfaction when you are connected to your family.

The book follows a 9-step questionnaire to achieve financial freedom. Some of those are discussed in key takeaways.

Key Takeaways

  1. Do you have enough money?
  2. Do you spend time with your family and friends?
  3. Are you satisfied with the contribution you made to the world?
<< Get this book >>

Here we discuss the list of Top 10 Financial Literacy Books. Here we provide details of the best Financial Literacy Books to read in 2021, their reviews, what those books propose & key takeaways.


WallStreetMojo is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to