Top 10 Best Money Books of All Time

Top Best Money Books of All Time – Money forms an inseparable part of our lives but how many of us really know how to manage our finances, keep away from debt and make better financial choices. There is a lot of financial advice going around but whether it works in the real world or not is anybody’s guess. Here we have presented a selection of Best Money books on managing personal finances, overcoming debts and liabilities and most importantly the behavior patterns and psychology behind finance and investing.

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#1 – Financially Fearless: The LearnVest Program For Taking Control Of Your Money

by Alexa Von Tobel

 

Money Book Summary

Authored by the founder and CEO of LearnVest, a financial planning firm, this best money book offers useful and accessible guidance for readers willing to make the most of their savings and investments. What makes this work stand apart from most other books on this subject is the kind of practical relevance that comes with every bit of advice by the author. It’s all about creating a customized financial plan in keeping with individual needs which can easily be adapted to one’s everyday existence. The only drawback being that some of the advice may come across as pretty basic and perhaps not relevant to all ages and sections of society but to begin with, the author does not claim it to be an all-encompassing treatise in that sense. On the whole, a work of highly practical value targeted for the online generation which beliefs in taking control of their own financial lives for better or worse.

Key Takeaways from this Top Money Book of All Time

A practical beginner’s book on money for go-getters who would rather implement a specific piece of advice which they can relate to, instead of relying on complex theoretical concepts which are difficult to comprehend and implement. It goes without saying that some of the stuff is pretty basic, but it works for what its worth, and an excellent place to start with for any beginner. A must-read for the current generation which takes pride in its financial independence.

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#2 – The Investment Answer

by Daniel Goldie and Gordon Murray

 

Money Book Summary

This top book about money is an attempt of the author to drive home the simple truth that investing is an integral part of any kind of personal financial planning. Keeping in mind how an average person might not want to be bothered with complex stuff on investing, this work offers simple and highly useful guiding principles on where to invest. Author addresses some of the oft-repeated questions related to investing, including whether it would be best to seek professional advice or invest on ones own, correct proportion of funds for investing in stocks, bonds and cash, and the right time for buying and selling assets. A highly recommended work on basic investment advice for beginners.

Key Takeaways from this Top Money Book  of All Time

A pinpointed book on money for first-times investors on how to successfully navigate the complex world of investment choices and make the right decisions with confidence. The author adopts an unhurried approach which leaves enough space to address the most fundamental questions like the relevance or lack of it in seeking professional assistance for investment decisions. In totality, an ideal companion for beginners to the world of investment.

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#3 – Thinking, Fast and Slow

by Daniel Kahneman

 

Money Book Summary

The author, a Nobel-Award winning behavioral economist, takes the readers on a journey of understanding the thought process and its intricacies. He argues that there are two fundamental types of thought systems, one of them being intuitive, emotional and more or less spontaneous, with but little time to think or reason as it were. The second type of thought system being rather slow and reasoning-based, driven by logic. If we could carefully balance our more intuitive thoughts with reasoning-based slow ones, potentially fewer logical errors would be committed, increasing the chances of success in any sphere, be it work, finance or personal life. With the kind of role our psychology and thought-process plays in financial decisions, this could be the single most important work on succeeding in finance without discussing any financial concept whatsoever. A highly recommended read for anyone who is willing to grasp the basics of psychology of investing and finance.

Key Takeaways from this Best Money Book of All Time

Did you ever take a moment to think how you think, if not, then this is the time. Here is a book on money which analyzes how we think, the types of thought processes and how they shape our decisions in every aspect of life, including finance. A commendable book on money for anyone willing to understand the underlying thought processes behind our actions and how to work upon improving them to be able to make better decisions. (also, look at Behavioural Economics)

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#4 – Think and Grow Rich

by Napoleon Hill

 

Money Book Summary

A cult classic book on money in its own right, this work shares the insights gained by the author after interviewing more than 500 successful people on what they did right. There is a lot of useful advice on how to create a successful financial plan early in life and implement it in the following years to attain a good level of financial success and security. There has been a lot of financial advice on getting rich with good financial habits and investment strategies, but this one is more rooted in the ground with a long-term plan to create wealth with higher chances of success. An excellent work on wealth creation for everyone, especially the young, who can invest the time and resources available in a workable plan for the longer term.

Key Takeaways from this Best Money Book of All Time

A highly acclaimed best money book on building wealth in the long-term with step-wise practical planning in the long-term. The author shares the wisdom gained by interviewing more than 500 rich people and chalks out a six-step plan to get rich based on how much money you have and how much you hope to have in a certain amount of time. A must-read book about money for everyone looking for an effective wealth creation plan which requires more effort in planning rather than resources to succeed.

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#5 – The Behavior Gap: Simple Ways To Stop Doing Dumb Things With Money

by Carl Richards

 

Money Book Summary

Most of the books on money focus on what to do right but few, if ever, address what you might be doing wrong. This top money book focuses on the common mistakes committed by people while spending, investing or making other financial decisions. The author argues that a study of behavior can help improve upon these mistakes which tend to recur and affect our financial lives adversely. Utilizing simple, at times humorous situations, the author presents his view on how people tend to do things like buying stuff with no real utility or spending more because others are. He stresses that taking control of financial behavior can have a profound impact on our finances and offers useful suggestions on how to do it. A recommended work to help understand how behavior affects our financial choices and how to improve it for the better.

Key Takeaways from this Best Money Book of All Time

Unlike usual works on finance, the focus of this work is of mistakes committed by people due to certain behaviour patterns. This could include spending more than needed or buying useless stuff, the list is endless but the author argues that it is possible to make better financial decisions by introducing some well-thought changes in our behavior. A light and highly useful read for anyone who wishes to understand how behavior affects our financial decisions.

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#6 – The Psychology Of Investing

by John Nofsinger

Money Book Summary

Usually, people think that it takes time, planning and money to invest in order to make more money. This top money book challenges the notion that financial planning is enough to succeed, as the author argues that behaviour and psychological outlook do shape our financial decisions to a great extent. To be able to make the right choices and ensure that our psychology assists us in the same instead of creating obstacles in our path, it is necessary to understand how we actually think. It is exactly what this book about money helps you to do, analyze and identify your psychological pitfalls and overcome them with concerted effort.

Key Takeaways from this Best Money Book of All Time

A masterpiece which offers interesting insights on your financial choices from a psychological perspective. If you thought your behavior and habits do not have any significant role to play in your financial situation then you could be very wrong. This work would help you discover your psychological issues and deal with them better. A useful introductory work on behavioral finance which offers practical value to readers.

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#7 – The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime!

byM.J. DeMarco

 

Money Book Summary

http://www.goodreads.com/book/show/18872437-the-millionaire-fastlane

In this offbeat money book, the author argues that conventional long-term wealth creation plans lack practical value and rarely, if ever, could help one get rich. Instead, he presents a unique approach to make the most of market volatility and capitalize on the opportunities placed at your disposal to make wealth in the short-term and live your dream. He suggests that planning for retirement, usual financial savings, mutual fund investments and tax-planning should not be confused with wealth creation in any manner. An interesting and useful read on how to make money quickly instead of living by the policy of living on less in hopes of a better future.

Key Takeaways from this Top Money Book of All Time

Challenging conventional wisdom, the author argues that tax-planning, mutual fund investments, spendthrift lifestyle and retirement planning do not lead to wealth creation. Going one step ahead, he chalks out a plan for the readers to study and implement which could help capitalize on the volatility of financial markets to make substantial profits. A must-read book about money for those looking for get-rich-quick strategies which actually do yield results.

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#8 – The Total Money Makeover

by Dave Ramsey 

 

Money Book Summary

A New York Times Bestseller, this masterly work from Dave Ramsey can help you turn things around with its useful advice on how to manage your resources, pay off your debts and begin your journey to financial prosperity. Millions have praised this work for the insights offered on money management, presented in the form of seven easy-to-follow steps which can be implemented without much effort by the average reader. Along with providing financial guidance, the author also busts several myths which can be harmful to the financial health of an individual. A perfect introduction to financial management for the average reader along with useful information on how to create an emergency and retirement fund for a secure financial future.

Key Takeaways from this Best Money Book of All Time

A highly acclaimed book on money on personal financial management which offers relevant information on how to manage debts effectively and plan to realize one’s financial goals with simple and effective steps. In fact, the author has presented a seven-step plan for anyone willing to change his or her fortunes for the better with the help of time-tested financial principles. An ideal companion for anyone willing to lead to stress-free financial existence.

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#9 – Your Money or Your Life

 

Money Book Summary

This rather unusual book on money on personal finance sheds a rare light on the concept of value for money or making value-based financial choices, be it spending or anything else. The author argues that contrary to popular perception, you don’t need to be rich or wealthy in order to lead a financially happy existence, instead if the money you spend helps build experiences which bring value to your life, then they just might be worth it. Imbibing the concepts presented in this work, the reader can embark on a journey of not only improving the quality of their financial decisions and working towards a debt-free existence but would also be able to look at their lifestyle choices and money from a value-driven perspective. If you are looking toimprove your understanding of how money choices shape your life instead of merely tips on financial management, then this is the ideal choice for you.

Key Takeaways from this Top Money Book of All Time

Sharing his hard-earned financial wisdom, this author offers a novel perspective on money and the role it plays in our lives. Instead of simply presenting a plan to spend less and save more, this work discusses on how certain expenses and things can be meaningful for the kind of experiences they afford. An off the beaten path approach to money management focused on enhancing your understanding of money decisions and how they influence your life.

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#10 – Get a Financial Life

by Beth Kobliner

 

Money Book Summary

This is more of a manual on financial stuff which equips you with updated information on managing your finances the smarter way. Knowing your health insurance, student loan debt and a bunch of other stuff inside out would help you get on your way to getting your financial affairs in control. That is exactly what this work is intended for. On the road to financial independence, the valuable advice of this author will help you navigate the speed bumps with ease and get one step closer to realizing your goals.

Key Takeaways from this Best Money Book of All Time

An updated and relevant book on money on getting out of debt, managing health insurance, mortgage and much more which leads you on the path to financial freedom. Learn how to save, invest and borrow the smarter way and not get caught up in some of the common financial traps people fall into for want of better knowledge.

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