5 Personal Finance Books Everyone Should Read

We’ve read a lot of personal finance/ money/ business-related books. A lot. So how could we possibly decide on the few that everyone should read?

Well, it wasn’t too difficult. These are the books that we find ourselves recommending to pretty much everyone. Whether you are just starting to figure out money, you are hungry to learn more, or you the topic of money is anxiety-inducing, there is a book for you on this list.

These are the books that stick around year after year. They remain relevant in ever-changing times and offer something new with each additional read.

Cover of book 'The Millionaire Next Door' for the personal finance book guide.

Millionaire Next Door 

Best For: Finding a ‘millionaire mindset’

What better way to learn about building wealth from the wealthy themselves? 

This book is a favorite with several money experts and it is easy to see why. Millionaire Next Door shows what millionaires are really like. It’s not what you may think. 

This book is based on extensive research done by the authors on american millionaires. Although the research was done in 1995-96, the lessons taken from it have withstood the test of time. 

Eye-opening statistics on millionaires fill this book cover to cover. We suggest reading it and then reading it again. Everytime we pick this book up something new jumps out.

CLICK HERE TO READ: The Millionaire Next Door

Some of our favorite quotes: 

“If you’re not yet wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household’s total annual realized income”

“U.S. car manufacturers may be pleased to note that their makes account for 57.7 percent of the  vehicles millionaires are driving…” 

“Fewer than 1% of millionaire interviewed held investment for periods less than a week.”

Key Takeaways: 

  • Millionaires aren’t always what they seem
  • Living below your means as a way to build lasting wealth


“The implication of The Millionaire Next Door … is that nearly anybody with a steady job can amass a tidy fortune.”  -Forbes

Cover of book 'I Will Teach You To Be Rich' for the personal finance book guide.

I Will Teach You to be Rich

Best For: Executing better money decisions

What good is all that knowledge of money and investments if you don’t know how to implement it. This book fixes that big time. I Will Teach You to be Rich will give you the tools to make make better money decisions and live you ‘rich live.’ 

From breaking up with your bank to negotiating a raise or getting a better price on your car, this book will give you the step-by-step guide. We especially appreciate the mapped out plans to automate your saving and investing. Every personal finance book tells you to save and invest but this one actually shows you how to do it.

CLICK HERE TO READ: I Will Teach You To Be Rich 

Some of the tools you will find:

  • Job negotiating script
  • Investing Automation Map
  • Portfolio rebalancong formulas

READ MORE: Book Review – I Will Teach You To Be Rich


“Don’t let the breezy irreverent style of this book fool you. It contains serious advice on personal finance decisions from budgeting and savings to spending and investing.” – Burton G. Malkiel, author of A Random Walk Down Wall Street

“The easiest way to get rich is to inherit. This is the second-best way– knowledge and some discipline. If you’re bold enough to do the right thing, Ramit will show you how.” – Seth Godin, author of This Is Marketing

Cover of book 'The Simple Path to Wealth' for the personal finance book guide.

The Simple Path to Wealth 

Best For: Taking a simpler path to wealth

As the name suggests, this book shows you how to take the simple path towards building wealth. The author JL Collins first created this as a series of essays for his daughter. It has since turned into one of the most straight-forward and easy to follow book on personal finance. 

But don’t get confused. Just because the path JL Collins is simple, does not mean it is less effective at building wealth. The Simple Path to Wealth explains just how simple investing strategies can match and even outperform complex portfolios. 

If taking charge of your investments is a stress-inducing topic, this is the book for you.

CLICK HERE TO READ: The Simple Path to Wealth

Key Takeaways

  • A few simple tools like index fund are all you need on your way to building wealth
  • Complex does not always mean ‘better’
Cover of book 'A Random Walk Down Wall Street' for the personal finance book guide.

A Random Walk Down Wall Street

Best For: Diving deeper in the investing world

If you want a full course in finance and investing this is it. A Random Walk Down Wallstreet covers the world of finance from the past all the way to the present. From the early 20th century beginnings to today’s modern financial theory, this book covers it. 

This finance book is more similar to the curriculum learned in the academic study of finance and unlike most other books in the money/personal finance category. This only makes sense with the author, Burton Malkiel, 

After working through some history and the most common financial theories used, Malkiel shares the best ways individuals can invest. He explains the research behind why index fund investing is the best way for individuals to get their share of the market. 

What is key here is that Malkiel shares the actual research behind the investments instead of just pushing investments based on opinion. If you are wanting to dive into the numbers behind today’s investments, this is the book for you. 

CLICK HERE TO READ: A Random Walk Down Wall Street

Key Takeaways

  • Not all financial theories are set on solid numbers
  • As humans, sometimes we are our own worst investing enemies


“Talk to 10 money experts and you’re likely to hear 10 recommendations for Burton Malkiel’s classic investing book” – Wall Street Journal

“Not more than half a dozen really good books about investing have been written in the past fifty years. This is one may well belong in the classics category” – Forbes

Cover of book 'Rich Dad Poor Dad' for the personal finance book guide.

Rich Dad Poor Dad 

Best For: A different view on building wealth

As the bestselling personal finance book, we had to check this one out. This book offers a contrarian view on how to build lasting wealth. Rich Dad Poor Dad is written in the form of a story from the author’s childhood. 

The author, Robert Kiyosaki, takes on several popular beliefs about wealth and offers a different perspective. This makes it both an educational and entertaining tale. 

Kyosaki’s ‘rich dad’ follows the principles outlined in the book while his ‘poor dad’ dedicates all his time and resources to a job with no guarantees in return. This book has had people talking since day one but there are some solid ‘rich dad’ practices that everyone should look into.

Key Takeaways:

  • Build Income Generating Assets not Liabilities
  • Pay attention to you cash flow
  • Use Assets to pay for future expenses