15 Best Finance Books [Updated 2021]
Simply reading the black and white text is not enough to get rich; thinking and implementing their thoughts is important. We provide you with information on the 15 best finance books to read in 2021 –
- The Millionaire Next Door ( Get this book )
- Rich Dad Poor Dad ( Get this book )
- I Will Teach You to Be Rich ( Get this book )
- A Random Walk Down Wall Street ( Get this book )
- The Total Money Makeover ( Get this book )
- The Law of Divine Compensation: On Work, Money, and Miracles ( Get this book )
- The Science of Getting Rich ( Get this book )
- Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth ( Get this book )
- Think and Grow Rich: Your Key to Financial Wealth and Power ( Get this book )
- The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich ( Get this book )
- The Intelligent Investor: A Book of Practical Counsel ( Get this book )
- Jim Cramer’s Get Rich Carefully ( Get this book )
- One Up On Wall Street: How To Use What You Already Know To Make Money In The Market ( Get this book )
- The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime ( Get this book )
- Spirit Driven Success: Learn Time Tested Biblical Secrets to Create Wealth While Serving Others! ( Get this book )
Let us discuss each of the finance books in detail, along with its key takeaways and reviews.
#1 – The Millionaire Next Door
by Thomas J. Stanley
The book intends to highlight the differences between the two distinct categories of American society – the massive accumulators of wealth and the under accumulators of wealth.
This national bestseller featured on the New York Times’ Best Sellers list for a significant period of time owing to its mind-boggling subject matter. The author of the book draws a comparison between the people who pretend to be wealthy and those who are actually wealthy. In this book, the author conveys the idea that to become really wealthy, one should follow in the footsteps of the real wealthy people. For instance, a major finding of the book is that most of the wealthy people gather such a massive amount of wealth by living well below their means and this is one of the reasons that these actual millionaires don’t look like ones. In short, you don’t need to look like a millionaire to be a millionaire.
- It teaches you some of the best financial habits practiced by the wealthy people of the society.
- It is an assortment of well-compiled data powered by a strong narrative.
#2 – Rich Dad Poor Dad
by Robert T. Kiyosaki
About the book
The book narrates the author’s own story of growing up with two contrasting characters – his own father and his best friend’s father. The author tries to explain the difference between you working for money and making money work for you.
This book is one of the top personal finance books of all time and has been translated into different languages in the last two decades. The best part of the book is that it presents the financial concepts in a plain and simple way that can be easily understood even by a layman. For instance, the author states that ‘Assets’ are anything that puts money in your pocket even while you are not working, while ‘Liabilities’ are anything that takes money out of your pocket. The book uses many practical examples from the author’s life to state how rich people think differently about money-making as compared to the poor section of society.
- It is a great introductory book for you if you are a beginner as it can help you develop your financial intelligence.
- As far as wealth accumulation is concerned, it will definitely motivate you to think differently and think out of the box.
#3 – I Will Teach You to Be Rich
by Ramit Sethi
About the book
The book teaches you various personal finance strategies as well as financial habits as part of a well-defined investment program that can help you set-up a self-sustaining wealth growth.
If you are a newbie who has low to moderate knowledge of personal finance, then this book is the Bible for you and whatever is explained in the book should be regarded as the gold standard. The book offers several basic tips with a special focus on the role of retirement investment funds (401k and Roth IRA) that can put your fiscal plane on autopilot mode. It doesn’t use any fancy terms or suggests any crazy investment plans. If you can follow the author’s suggestions in a disciplined manner, then you can successfully achieve the financial goal of paying out all your debts and setting up an investment strategy that grows your wealth automatically.
- It is a practical handbook that provides step-by-step guidance on how to manage your personal finance most efficiently.
- It is a great personal finance book for people in their early to mid-20s as it can help them develop healthy financial habits.
#4 – A Random Walk Down Wall Street
by Burton G. Malkiel
About the book
The book offers a broad overview of the securities markets, briefly touching upon its operations and the investors’ behavior in the market. It covers everything from stocks to mutual funds to bitcoins and much more.
The author in his lucid way presents many anecdotes, theories, historical facts, and statistical results to make a compelling argument for his personal finance strategies. However, many people disagree with some of his endorsements. For instance, the author has faith in Efficient Market Theory (EMT), while many experts feel that EMT is not very relevant in the current market scenario. Nevertheless, the book provides very useful investment strategies that can result in significant benefits in the long run. Some of the major tips in the book revolve around delusion of market timing and benefits of longer holding periods as well as diversification.
- The financial concepts are such well explained that even an average investor without advanced knowledge of finance can also grasp the concepts easily.
- It is a good launching pad for beginners who are new to the stock market.
#5 – The Total Money Makeover
by Dave Ramsey
About the book
The book tends to impart elementary financial literacy and preaches ways on how to live a debt-free life. It uses step-by-step guidance to instill financial discipline among the readers.
If you are struggling with your personal finance and drowning in credit card debt, then it is high time you should start reading this book. The author resorts to brutal honesty to point out the faults in our money management skills that we deliberately tend to ignore. The core idea of the book is simple – sacrifice today for a better tomorrow. In fact, the author used his personal story of bankruptcy and to illustrate how he managed to turn around his financial position based on some restraints and responsible behavior. In short, the book provides step-by-step guidance on how to eliminate debt and live life within your means.
- It strongly advocates the idea of living life free of debt. Otherwise, we spend our lives as slaves to the lenders.
- By living within our means we may easily achieve a debt-free life.
#6 – The Law of Divine Compensation: On Work, Money, and Miracles
Author – Marianne Williamson
The author is an internationally acclaimed author, a world-renowned teacher, and also an inspirational thinker. She has also written a book such as Return to Love, Healing The Soul of America, etc., yes, your guess is right we are talking about, Marianne Williamson. In this finance book, she reveals spiritual principles that can help you overcome your financial stress by unleashing the divine power in profusion.
Marianne Williamson focuses on taking or driving your financial stress away by explaining to you the Law of Divine Compensation. She specifies that the universe resembles or rather is the handwriting of the almighty and hence is self-correcting and self-organizing. The universe plans to remove the lacks from your circumstances by itself. Deactivating the law is only by having more and more faith in the facts of lack and the facts of laws of this universe.
This finance book on work, money, and miracles explains that our thoughts create our financial reality. The author of this book very clearly states that anything that is real cannot be threatened, and for that matter, nothing unreal exists.<< Get this book >>
#7 – The Science of Getting Rich (A Thrifty Book)
Author – Wallace Wattles
The author gives the world the power of positive thinking. He was a real influence for a number of other authors and without him, great books such as The Secret, The Law of Attraction, and the Law of Positive Thinking. This book is away from philosophical reasons and is based on practicality and is especially for men and women who would like to get rich before getting philosophical.
Getting rich is an exact science, and it has certain laws that monitor the process of achieving richness. A number of people that are men and women out there have the capability of doing things in a certain way to get rich. This book resembles this certain fact and details of becoming a rich person with positivity.
A man or woman who has the ability of reading and understanding this finance book can help them get rich be it talented, blockheaded, intellectual, stupid, physically strong or physically weak.<< Get this book >>
#8 – Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth
Author – T. Harv Eker
There is a very fine line between wanting success and achieving it. The author explains the trick of going out there and achieving success or your financial success of becoming rich. It is very normal to wonder why some people easily get rich, whereas some people take struggle throughout their life for their bread and butter? The author answers this question for you.
The author of this book can predict your financial future in 5 minutes. This finance book book gives a chance of identifying and revising the blueprint of your money and increase your money noticeably and also accumulate your wealth the right way. Well, the author applied these principles and went from Zero to a millionaire in only two and a half years, which means these principles are proven and tested.
The book gives you the root cause of success. It also has the ability to motivate the readers by its information to success.<< Get this book >>
#9 – Think and Grow Rich: Your Key to Financial Wealth and Power
Author – Napoleon Hill
This bestseller has inspired a number of businessmen from the United States of America to empower themselves for success. The author has not included only his success story and principles. He has also included success stories and principles of the businessmen who have made a successful real-world lesson. It is also acknowledged as one of the greatest self-help books of all time.
You can definitely gain valuable insights from this finance book by reading real-world lessons of not just the author but also other successful and powerful US businessmen. It teaches you everything you need to know and to empower yourself with financial success. This is a self-help book for every financial situation.
Your thoughts are the most powerful things, as they are the best motivational factor for you. Conversion of these burning thoughts into wealthy richness can never be explained better by any other writer ever.<< Get this book >>
#10 – The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich
Author – David Bach
After being asked a million times the secret of being rich, the author finally wrote this book, yes, that’s right, the captioned book. This finance book is focused on the story of an average American couple whose income never exceeded more than $55000 annually. As you go further, the story reveals the facts of becoming rich and its requirements.
The author very smartly and efficiently conveys the fact of becoming rich and ending rich easily from the convenience of your home. Setting up a plan in an hour without having a budget, the willpower, the motive alone of making a lot of money can help you get there. He has given real-life examples for you to understand.
Look beyond your paycheck to paycheck system of payment. David Bach explains the actions of transforming financial life easy and full of fun.<< Get this book >>
#11 – The Intelligent Investor: A Book of Practical Counsel
Author – Benjamin Graham
The philosophy that is timeless is value investing. It is one of the best books ever written for people investing in stocks. The concept of investing and growing differs for different people. The author offers sound and safe principles of investing, which have worked for more than 40 years, which is since the 1st edition was published.
This finance book is a classic example of sound work offered for safe principles of investments. It is the best book in finance ever written for investors who like to invest in stocks, bonds, debentures, or anything related to the stock market. The best book you can ever read to make your investments a success.
This book helps and prevents the investors in making a substantial error in investing and helps them in developing long term investment strategy making it comfortable for them in the later run.<< Get this book >>
#12 – Jim Cramer’s Get Rich Carefully
Author – James J. Cramer
This finance book warns you of getting rich quickly promises that can lead you too careless decisions, which, according to the author, can be a stepping stone to a poor house. He does it differently, which is carefully or cautiously. Putting in 35 years of his investment, the author brings to the captioned title.
Making use of his own knowledge of the stock marketStock MarketStock Market works on the basic principle of matching supply and demand through an auction process where investors are willing to pay a certain amount for an asset, and they are willing to sell off something they have at a specific price., the author wrote this book Get Rich Carefully. 35 years of experience with his downfall and the success based on the losses and profits he made in his journey of profits are jotted down in his own unique style of writing. For him, it is a straightforward accumulation of wealth by turning your savings into a long-lasting wealth.
Do not take reckless decisions with a promise of making you rich quickly. That is not the way. Play it differently to think about lasting wealth; you do not want to make a poor’s home.<< Get this book >>
#13 – One Up On Wall Street:
How To Use What You Already Know To Make Money In The Market
Author – Peter Lynch
The author Mr. Lynch is a legendary mutual fundMutual FundA mutual fund is an investment fund that investors professionally manage by pooling money from multiple investors to initiate investment in securities individually held to provide greater diversification, long term gains and lower level of risks. manager and has sold over a million copies of this finance book. He also states that the average investor has the advantage of investing in funds more than professionals and that they use this to their advantage to gain their financial success. Investment opportunities are everywhere, from supermarkets to the workplace.
The author confirms that an average investor can become a specialist in his own field by picking up winning stocks effectively. All they need to do is take notice of the existing market, look for a potentially successful company, and grab the opportunity before the professional grabs it. Easy to follow directions are mentioned in this captioned book.
Ignore the ups and downs of the market and focus on the long-term returns to get a handsome reward on your investments. Your long-term should be anywhere between 5 to 15 years.<< Get this book >>
#14 – The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
Author – MJ DeMarco
He somehow does not believe in the slow lane, for it will get you to retire rich after 65. The slow lane only gives you restriction rather than financial restriction of all that you cannot do for yourself and your family. However, the fast lane is an alternative route to wealth that can fulfil your dreams today and not when or after you grow old.
This best finance book is a shortcut proved by mathematics to live rich today instead of dying rich tomorrow. Do not let the financial gurus brainwash you and convince you to take the slow lane drill in the dream of dying rich in your head. Instead, switch your lane to the fast lane and live rich today by converting your dreams into reality.
Sacrificing all your dreams today in order to die rich is definitely wrong. You have to live today for you would want to live rich instead of dying rich.<< Get this book >>
#15 – Spirit Driven Success:
Learn Time Tested Biblical Secrets to Create Wealth While Serving Others!
Author – Dani Johnson
This best finance book is based on the author’s personal experience of becoming a millionaire in a couple of years and not just a millionaire but a young millionaire and a successful businesswoman. But applying her principles, the author has created success not just for herself but for thousands of others purely based on the ageless principle.
The author, who is a self-made multi-millionaire, knows how to turn your financial life around easily. She is also one of the most sorts after success coaches, and she has helped thousands of people to achieve great results in their business and their personal lives. In this finance book, she has used time-tested biblical secrets to gain financial success along with spiritual keys that unlock the doors to the true wealth. There is a lot to read about uncovering habits that lead to poverty and financial struggle.
Enlightens and guides to the true wealth. The barrier to our financial success is our habits that lead us to poverty and financial struggle.<< Get this book >>
This has been a list of the top 15 best finance books to read in the year 2021. You may also go through the list of other top books in Finance –
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