Top 8 Financial Planning Books [Updated 2023]
Financial planning books will help you know how to plan a personal budget, how to save, how to invest, and how to prepare for insurance, estate, retirement, tax, and all other activities included with the money. Below is the list of such financial planning books that you must read in 2023:
- The Million-Dollar Financial Advisor ( Get this book )
- The Financial Peace Planner ( Get this book )
- Private Wealth Management ( Get this book )
- I Am Net Worthy ( Get this book )
- The Dumb Things Smart People Do with Their Money ( Get this book )
- Peace Of Mind Planner ( Get this book )
- Beyond Blessed ( Get this book )
- 2021 Budgeting Planner Keep Calm and Budget on ( Get this book )
Let us discuss each Financial Planning book in detail and its key takeaways and reviews.
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#1 – The Million-Dollar Financial Advisor
Powerful Lessons and Proven Strategies from Top Producers
Author: David J Mullen Jr
Book Review
The best financial advisers are well qualified and skillful to succeed irrespective of market conditions. The book was written based on interviews with the top fifteen advisors, each doing millions of dollars in business. They have explained the successful universal principles in thirteen distinct lessons in a step-by-step procedure for immediate implementation.
Key Takeaways
- Longtime approach.
- Marketing.
- Mindset.
#2 – The Financial Peace Planner
A Step-by-Step Guide to Restoring Your Family’s Financial Health
Author: Dave Ramsey
Book Review
The author clearly explains how to come out of a debt situation when you’re deeply struck by it with his own experience. When the author went bankrupt, he had utterly rebuilt his financial life. This is the essential book when you’re in debt. This book will be life-changing for debt-ridden people.
Key Takeaways
- How to clear a debt.
- Assess the urgency of the situation
- Creating a realistic budget.
- Understanding the flow of money.
#3 – Private Wealth Management
The Complete Reference for the Personal Financial Planner, Ninth Edition
Author: G. Victor Hallman, Jerry S. Rosenbloom
Book Review
This book is the latest edition that allows you to operate in today’s markets, from setting financial objectives and executing the planning process to investing in equities and fixed-income securities to retirement income planning to methods for lifetime wealth transfers, insurance, real estate, Alternative InvestmentsAlternative InvestmentsAlternative investments refer to investments made in assets classified as non-traditional investment vehicles.read more, and many more about wealth.
Key Takeaways
- A variety of economic benefits and investment products.
- New developments in estate and marital deduction planning.
- Education planning.
- Retirement Plans.
- Management.
#4 – I Am Net Worthy
The Financial Master Plan For Millennials
Author: Chris Smith
Book Review:
This book provides a practical, step-by-step approach to tackling Personal FinancesPersonal FinancePersonal Financing is a way of saving, investing, and growing an individual's money. It can be for an individual or a family as a whole and requires some level of financial literacy such as tax laws, investment opportunities, etc.read more for today’s young adults, i.e., from student loans to savings accounts and cars to credit scores. The author and the financial expert Chris Smith, along with 9 different co-authors, wrote the book by collecting different perspectives of people with a common goal of financial independence. The book also guides you to stop spending on unwanted things and put your money to work for a healthy financial future.
Key Takeaways
- The basics of money from Investing in savings.
- Long term investingLong Term InvestingLong Term Investments are financial instruments such as stocks, bonds, cash, or real estate assets that a company intends to hold for more than 365 days in order to maximize profits and are reported on the asset side of the balance sheet under the heading non-current assets.read more.
- Personal Finance.
#5 – The Dumb Things Smart People Do with Their Money
Thirteen Ways to Right Your Financial Wrongs
Author: Jill Schlesinger
Book Review:
The author clearly explains the thirteen mistakes you make with your money without knowing it. This book will help you avoid such errors and blind spots. It also mainly concentrated on paying down debt, maximizing retirement contributions, beefing up an emergency fundEmergency FundAn emergency fund is a source of money that you refrain from spending and store away safely to use in the time of need. Since it is readily available for withdrawal, savings invested in the emergency fund act as a savior during unforeseen circumstances. The emergencies can be a sudden job loss, emergency medical issues, or big losses in the financial market.read more, college financing, insurance, and real estate. The author clearly explained the mistakes we make in finance and how to overcome them.
Key Takeaways
- Retirement planning.
- Avoiding bad habits.
- Follow the right financial advice.
#6 – Peace Of Mind Planner
Essential Information & Instructions For Loved Ones & Caretakers;
Author: Kathryn Bartlett
Book Review:
This book is helpful to us when we are alive and suitable for the people we love when we are no more. One can write all the details of the properties, wishes, funeral and burial arrangements, instructions to the caretakers, financial informationFinancial InformationFinancial Information refers to the summarized data of monetary transactions that is helpful to investors in understanding company’s profitability, their assets, and growth prospects. Financial Data about individuals like past Months Bank Statement, Tax return receipts helps banks to understand customer’s credit quality, repayment capacity etc.read more, dependents, insurance, medical, and legal key contact.
Key Takeaways
- Financial planningFinancial PlanningFinancial planning is a structured approach to understanding your current and future financial goals and then taking the necessary measures to accomplish them. Because this does not begin and end in a specific time frame, it is referred to as an ongoing process.read more after the decease.
- Last words to friends and family.
- Belonging and Wishes.
#7 – Beyond Blessed
God’s Perfect Plan to Overcome All Financial Stress
Author: Robert Morris and Dave Ramsey
Book Review:
Everyone wants to eliminate all their financial stress and enjoy what God has intended. But this is more challenging than we think; the authors have clearly explained in this book how to overcome such financial stress and be relieved. This book shares the Biblical principles, personal stories, and practical insights to help you overcome debt and reach your financial goalsFinancial GoalsFinancial goals are targets set by an individual to achieve financial milestones or plans. In other words, they are financial objectives that an individual wishes to accomplish within a certain time frame.read more, experience the joy God intends for you, and bless others.
Key Takeaways
- Biblical Principles.
- Managing Finances.
#8 – 2021 Budgeting Planner Keep Calm and Budget on
Yearly and Monthly Money Management Budget & Expenses Planner Journal Notebook.
Author: Sara Lept
Book Review:
This budget planner will help you greatly to get your finances in order. This book will help you achieve your goals and track your savings and expenses. Maintaining and following this book makes it easy to track your finances.
Key Takeaways
- Finance Tracker
- Annual summary
- Budget worksheet.
Recommended Articles
This article is a guide to the Top 8 Books on Financial Planning in 2023. We provide the complete financial planning book list, reviews, and key takeaways. You may refer to the following books to learn more: –
- Financial Advisor Books
- Top Finance Books of All Times
- Top Business Finance Books of All Time
- Corporate Finance Books
- Top 7 Best Fixed Income Books
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