Learning about personal finance is the best asset and time investment you can make. Learn about building wealth, money management, and making wiser Financial decisions.

I have a list of the best books on personal finance you can learn about to become aware of the financial world and how money works.

Setting the right mindset is the best way to your financial knowledge and after reading some books you will find some blueprints or roadmaps for your financial success.

I also have listed some books that are not directly linked to personal finance but you can learn from the book to design your lifestyle, mindset, and knowledge to contribute to your life.

We have listed other best books list on different topics you can browse through the page to find your next books to read. Here are the related best book categories.

• 20 Best Books On Making Money
• Best Books On Investing
• Best Books on Economics

Rich Dad and Poor Dad By Robert Kiyosaki

Rich Dad and Poor Dad By Robert Kiyosaki is considered to be a stepping stone in the world of personal finance and investing.

The book focuses on financial education, investing, and wealth-building.

The book presents the story of the author’s two father figures—His biological father (Poor Dad), and his childhood best friend’s father (Rich Dad).

The author’s own father is an educated man who values job security and follows conventional financial advice, and on the other hand his “Rich Dad” is an entrepreneur who prioritizes financial freedom, investing, and passive income.

With their different perspectives, the author explores the concept of financial independence, assets, and liability.

Lessons From the Book:

Here are some lessons from the book.

• Know the difference between assets and liabilities and focus on acquiring income-generating assets rather than liabilities.
• The author discusses the concept of the “Rat race” where an individual works for a paycheck and often struggles with financial stress where building passive income streams can help to escape the cycle.
• It’s important to be financially educated and understand how money works.

Quotes from the Book:

• Financial struggle is often the result of people working all their lives for someone else.—Robert Kiyosaki
• The primary difference between a rich person and a poor person is how they manage fear.—Robert Kiyosaki
• Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.—Robert Kiyosaki

A Random Walk Down Wall Street By Burton Malkiel

A Random Walk Down Wall Street is a widely acclaimed book that talks about the principles of investing and other various investment strategies and theories.

The book also introduced the concept of the “random walk hypothesis”, which suggests that stock market prices move randomly and are very hard to predict constantly.

Through this book the book talks about the benefits of index investing, long-term and passive way to invest and other different investment principles.

Lessons From the Book:

Here are some lessons from the book.

• Th author introduces the concept of the Efficient Market Hypothesis (EMH)—Markets are efficient and incorporate all available information into stock prices.
• Stock price movements are random and unpredictable in the short term.
• It’s important to diversify investments to reduce risk when a company or sector gets brutally impacted.

Quotes from the Book:

• Never buy anything from someone who is out of breath.― Burton G. Malkiel
• The greatest of all gifts is the power to estimate things at their true worth.― Burton G. Malkiel
• It is not hard to make money in the market. What is hard to avoid is the alluring temptation to throw your money away on short, get-rich-quick speculative binges. It is an obvious lesson, but one frequently ignored.― Burton G. Malkiel

Money Master the Game By Tony Robbins

Money Master the Game by Tony Robbins talks about the strategies to achieve financial freedom and security.

Through many interviews with top financial experts and entrepreneurs, the author distilled their advice with actionable steps to become financially independent.

The book covers topics like investing, retirement planning, wealth management, and many more concepts.

Lessons From the Book:

Here are some lessons from the book.

• Educate yourself on financial concepts and strategies about investing, retirement planning, and money management.
• Understand the power of compound interest and the role of it in long-term wealth accumulation.
• Robbins introduces the concept of “Financial freedom number” which represents the amount of money needed to sustain a desired lifestyle.

Quotes from the Book:

• Use your body as a tool to snap yourself into a place of sheer will, determination, and commitment.—Tony Robbins
• Face your challenges head-on with the core belief that problems are just speed bumps on the road to your dreams.—Tony Robbins
• The real joy in life comes from finding your true purpose and aligning it with what you do every single day.—Tony Robbins

The Intelligent Investor By Benjamin Graham

The Intelligent Investor by Benjamin Graham is considered to be the most respected and influential work in the field of finance.

First published in 1949, the book focuses on principles and strategies for investing in stocks and bonds while managing risk and long-term success.

The book talks about the principles of value investing and the importance of adopting a rational and disciplined approach to investing.

Lessons From the Book:

Here are some lessons from the book.

• Graham introduces the concept of the “margin of safety” which suggests that investors should only purchase stocks when their market prices are significantly below their intrinsic value.
• Graham also talks about diversification to minimize risk.
• The market can be highly volatile and irrational in the short term but you should ignore market noises and focus on the fundamentals of the company.

Quotes from the Book:

• The intelligent investor is a realist who sells to optimists and buys from pessimists.― Benjamin Graham
• Those who do not remember the past are condemned to repeat it.― Benjamin Graham
• An investment operation is one which, upon thorough analysis, promises the safety of the principal and an adequate return. Operations not meeting these requirements are speculative.― Benjamin Graham

The Millionaire Fastlane By MJ DeMarco

The Millionaire Fastlane By MJ DeMarco is a book that talks about ideas to accumulate wealth and a different perspective on achieving financial success.

The author presents a different way to achieve wealth by focusing on entrepreneurship, innovation, and value creation.

The book talks about two approaches—The slow lane where you save and invest your money and wait for decades to achieve financial freedom and the “Fast Lane” where you create something that creates value, solves problems, and become an entrepreneur to achieve financial success in a short time.

Lessons From the Book:

Here are some lessons from the book.

• The author stresses the importance of adopting an entrepreneurship mindset that focuses on identifying opportunities and solving problems.
• Focus on wealth acceleration through business ownership, innovations and taking calculated risks.
• Own and control businesses and assets that can generate substantial income and financial freedom.

Quotes from the Book:

• Wealth is a process, not an event.—M.J. Demarco
• The process is the road trip to wealth: The destination shines as an event, but it’s found by the process.—M.J. Demarco
• The Fastlane process demands sacrifices that few make, to resolve to live like few can.—M.J. Demarco

Think, and Grow Rich By Napoleon Hill

Think and Grow Rich By Napoleon Hill is a self-help and personal development book that talks about achieving success, wealth, and personal growth.

Originally published in 1937, the book outlines principles for positive thinking, overcoming fear, goal setting, perseverance, and taking steps towards the goal.

This is one of the most important books to read to prepare yourself for the future.

The book gives a guide to transforming your mindset by taking steps to achieve success in your life. [Highly Recommended]

Lessons From the Book:

Here are some lessons from the book.

• Thoughts that have the power to shape realities and can influence actions and outcomes.
• A strong desire and a clear purpose are fundamental to achieving success.
• Persistent effect is key to achieving success in the long-term goals while facing challenges and setbacks.

Quotes from the Book:

• A quitter never wins – and – a winner never quits.—Napoleon Hill
• Dreams are not born of indifference, laziness, or lack of ambition.—Napoleon Hill
• If you must be careless with your possessions, let them be in connection with material things.—Napoleon Hill

I Will Teach You To Be Rich By Ramit Sethi

I Will Teach You To Be Rich is a book that takes a practical approach and gives a step-by-step guide to achieving financial success and building wealth.

The book talks about strategies and advice to manage money, save money, and invest to achieve your financial goals.

With the help of automation, and optimization you can manage your money easily and grow wealth.

Lessons From the Book:

Here are some lessons from the book.

• Set up automatic transfers for savings, investments, and bill payments to simplify and automate financial management.
• Spend consciously on things that are truly value for you while cutting back on expenses that don’t align with your priorities.
• Manage to pay your debts.

Quotes from the Book:

• Spend extravagantly on the things you love, and cut costs mercilessly on the things you don’t.― Ramit Sethi
• The 85 Percent Solution: Getting started is more important than becoming an expert.― Ramit Sethi
• It’s more important to get started than to spend an exhaustive amount of time researching.― Ramit Sethi

The Total Money Makeover By Dave Ramsey

The Total Money Makeover is a guide to achieving your financial independence and transforming your financial life.

The book outlines a seven-step plan for taking control of your finances, getting out of debt, and building wealth over time.

The book talks about various financial topics like eliminating debt, creating an emergency fund, and building a strong foundation to accumulate wealth.

Lessons From the Book:

Here are some lessons from the book.

• It’s important to create a detailed budget to track income and expenses for managing money effectively.
• Ramsey talks about the debt snowball method, which involves paying off debts from smallest to largest regardless of interest rates.
• Build an emergency fund, live below your means, and invest wisely for your financial stability.

Quotes from the Book:

• Measure your wealth not by the things you have, but by the things for which you would not take money.—Dave Ramsey
• Savings without a mission is garbage. Your money needs to work for you, not lie around you.—Dave Ramsey
• You’ve got to tell your money what to do or it will leave.—Dave Ramsey

The Automatic Millionaire By David Bach

The Automatic Millionaire by David Bach is a personal finance book that talks about the power of automation and consistent saving to achieve financial success and wealth.

Bach Introduced the concept of automatically allocating money towards savings and investment.

The book gives a guide to adapting an approach to building wealth through smart money management and strategic automation.

Lessons From the Book:

Here are some lessons from the book.

• Bach introduces the idea of the “Latte Factor”, which refers to small daily expenses like buying coffee and eating out. Redirecting these funds into saving and investing can make significant growth in wealth over time.
• Automate savings and investments to build wealth.
• Have an emergency fund for financial stability.

Quotes from the Book:

• Inspiration lying unused is just entertainment. One needs to take new actions to get new results.—David Bach
• Don’t buy on credit. Either pay for the things you purchase with cash or don’t buy.—David Bach
• The real problem with our finances is not how much we earn but how much we spend.—David Bach

The Psychology of Money By Morgan Housel

The Psychology of Money By Morgan Housel talks about the psychological, and behavioral aspects of managing money, how people think and spend money, and financial decision-making.

The book also talks about how people think, and talk about money and the relationship between money and happiness.

Lessons From the Book:

Here are some lessons from the book.

• One’s own behavior plays an important role in financial success or investment strategies.
• The book explains the power of compounding, and show how small and consistent contribution to saving and investing can grow significantly over time.
• Luck, both good and bad, plays a significant role in financial outcomes.

Quotes from the Book:

• Doing well with money has little to do with how smart you are and a lot to do with how you behave.—Morgan Housel
• Money is everywhere, it affects all of us and confuses most of us.—Morgan Housel
• People do some crazy things with money. But no one is crazy.—Morgan Housel
• We all think we know how the world works. But we’ve all only experienced a tiny sliver of it.—Morgan Housel

The Millionaire Next Door By Thomas J. Stanley

The Millionaire Next Door is a book that talks about millionaires and provides details into the habits and lifestyles of individuals who have substantial wealth.

The book is the result of the study of millionaires in the United States and their approach to managing money.

The book provides lessons on building wealth, living below your means, and making good financial decisions.

Lessons From the Book:

Here are some lessons from the book.

• The book talks about the importance of living below your means and maintaining a budget to be financially healthy.
• Avoid debt.
• Invest wisely in a diversified portfolio of stocks and other assets to benefit from compound over time.
• Consistency in saving and investing is a key factor in achieving financial success and building wealth.

Quotes from the Book:

• Courage can be developed. But it cannot be nurtured in an environment that eliminates all risks, all difficulty, all dangers.― Thomas J. Stanley
• Once you’re in a high-income bracket, say $100,000 or $200,000 or more, it matters less how much more you make than what you do with what you already have.― Thomas J. Stanley
• Luck and risk-taking go hand in hand.― Thomas J. Stanley

The Simple Path to Wealth by JL Collins

The Simple Path to Wealth is a personal finance book that talks about the approach to achieving financial independence and building wealth.

The book focuses on principles of simple investing, saving, and making good financial decisions.

The book provides actionable advice that makes you think about effective investment strategies and knowledge to build wealth over time.

Lessons From the Book:

Here are some lessons from the book.

• The book explains the power of index funds as the foundation of a successful investment portfolio.
• The author also explains the importance of asset allocation, which involves balancing investments based on risk and time.
• Financial independence requires disciplined saving and living below your means.

Quotes from the Book:

• There are many things money can buy, but the most valuable of all is freedom. Freedom to do what you want and to work for whom you respect.― J.L. Collins
• You own the things you own and they in turn own you.― J.L. Collins
• Stop thinking about what your money can buy. Start thinking about what your money can earn.― J.L. Collins

The Tao of Charlie Munger By David Clark

The Tao of Charlie Munger By David Clark is a book that talks about the wisdom, philosophy, and investment principles of Charlie Munger, the vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner.

Munger is known for his sharp intellect, multidisciplinary approach to decision-making, and influence on the world of investing and business.

In this book, the author explores Munger’s principles and mindset from his speeches, writing, and interviews.

Lessons From the Book:

Here are some lessons from the book.

• Investors should stay within their “Circle of competence”, focusing on the areas they understand deeply and avoiding the ones they don’t fully grasp.
• Lifelong learners who read widely and constantly expand one’s knowledge base attribute their success.
• Munger is known for his emphasis on mental models—collecting and using a wide range of multidisciplinary knowledge to make better decisions. The book also explores Munger’s use of mental models in investing and problem-solving.

Quotes from the Book:

• People are trying to be smart—all I am trying to do is not to be idiotic, but it’s harder than most people think.― David Clark
• I think that one should recognize reality even when one doesn’t like it; indeed, especially when one doesn’t like it.― David Clark
• Diversification is a way to protect financial consultants and stock brokers from ever looking really bad, but it also stops them from looking really good as well.― David Clark

Fooled By Randomness By Nassim Nicholas Taleb

Fooled By Randomness is an incredible book By Nassim Nicholas Taleb that explores the impact of randomness, uncertainty in our lives, and decisions, and the effect of randomness in financial markets.

Taleb, the author of the book, a former options trader and risk analyst, takes a look at the success and failure of many events and analyzes them.

He introduces the concept of “Black Swan” events, which are rare, unpredictable, and have a high impact on the economy, financial market, and overall life.

Lessons From the Book:

Here are some lessons from the book.

• Randomness plays a significant role in financial success and failure in the market and life.
• We tend to attribute positive outcomes to our skills and negative outcomes to external factors, leading to a distorted view of our abilities.
• Taleb introduces the concept of “Black Swan” events—rare and unpredictable events that have a massive impact.

Quotes from the Book:

• No matter how sophisticated our choices, how good we are at dominating the odds, randomness will have the last word.*—*Nassim Nicholas Taleb
• Reality is far more vicious than Russian roulette. First, it delivers the fatal bullet rather infrequently, like a revolver that would have hundreds, even thousands of chambers instead of six. After a few dozen tries, one forgets about the existence of a bullet, under a numbing false sense of security.*—*Nassim Nicholas Taleb
• We favor the visible, the embedded, the personal, the narrated, and the tangible; we scorn the abstract.*—*Nassim Nicholas Taleb

The Way to Wealth By Benjamin Franklin

The Way of Wealth is a collection of wisdom and advice By Benjamin Franklin, originally published in his annual publication, “Poor Richard’s Almanack”.

The book offers a collection of proverbs and aphorisms that provide a guide on achieving financial success, personal responsibility, and virtuous life.

This book is regarded as one of the influential writings that provide wisdom on money management, frugality, and financial understanding.

You should read this book to understand the meaning of true wealth.

Lessons From the Book:

Here are some lessons from the book.

• Franklin talks about the importance of time management for the productive use of one’s time and not wasting it on unproductive pursuits.
• Franklin advises you to control your debt and avoid unnecessary borrowing unless that will lead to financial ruin.
• Save and invest wisely as Franklin stated in an essay “he that spends a groat a day idly, spends idly above six pounds a year.”

Quotes from the Book:

• There are no gains, without pains.—Benjamin Franklin
• A life of leisure and a life of laziness are two things—Benjamin Franklin
• Early to bed, and early to rise, makes a man healthy, wealthy, and wise—Benjamin Franklin
• One today is worth two tomorrows.—Benjamin Franklin

Little Book of Common Sense of Investing By John C. Bogle

The Little Book on the Common Sense of Investing talks about the principles of passive investing and the benefits of investing in low-cost index funds.

John Bogle, the author and the founder of Vanguard Group, explores the field of index investing and talks about the idea of long-term to achieve better.

This is an interesting book to learn about investing and this book is also a must-read.

Lessons From the Book:

Here are some lessons from the book.

• The author advises investing in index funds to replicate the performance of a specific market index.
• Minimize investment costs including management fees and trading expenses.
• The author also suggests that a simple buy-and-hold approach is often the most effective strategy for individual investors.

Quotes from the Book:

• When there are multiple solutions to a problem, choose the simplest one.― John C. Bogle
• Buying funds based purely on their past performance is one of the stupidest things an investor can do.― John C. Bogle
• The two greatest enemies of the equity fund investor are expenses and emotions.― John C. Bogle
• Owning the stock market over the long term is a winner’s game, but attempting to beat the market is a loser’s game.― John C. Bogle

Once Up On Wall Street By Peter Lynch

Once Up On Wall Street is a classic book on investing and personal finance written by one of the most successful mutual fund managers in history.

In the book, the author shared his investment strategies and philosophies and valuable advice to build wealth.

This book is written in the form of making complex financial concepts easy to understand and accessible to both beginners and experienced investors.

Lessons From the Book:

Here are some lessons from the book.

• Lynch’s investment philosophy centered around the idea that investors should focus on companies and industries they understand well.
• Take long-term investments and be cautious of frequent trading and market timing.
• Read and understand financial statements to become aware of the financial health of a company.

Quotes from the Book:

• By putting your stocks into categories you’ll have a better idea of what to expect from them.—Peter Lynch
• The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.—Peter Lynch
• My advice for the next decade: Keep on the lookout for tomorrow’s big baggers. You’re likely to find one.—Peter Lynch

The 4-Hour Work Week By Tim Ferriss

The 4-hour Workweek is a bestselling self-help book that talks about work, retirement, and making a healthy lifestyle.

It’s not related to personal finance but you need to design your life, work, and other things to make progress. So, I included this list of personal finance books.

The book talks about the guide to escaping the 9-5 race, automating your income, and pursuing your dream and adventure. This is an important book to consider if you want to be independent.

Lessons From the Book:

Here are some lessons from the book.

• Ferriss talks about outsourcing repeated tasks to virtual assistants and freelancers to free up time to do more meaningful work.
• Creating passive income such as online businesses and investments to make you free to travel and adventure.
• Take advantage of the lower cost of living in different countries to reduce expenses and increase the quality of your life.
• Manage your time with time management techniques like batching tasks, setting strict limits, and avoiding distractions.

Read: Best Books On Time Management For Better Managing Time

Quotes from the Book:

• Focus on being productive instead of busy.—Tim Ferriss
• If you cannot find meaning in your life, it is your responsibility as a human being to create it.—Tim Ferriss
• Poisonous people do not deserve your time. To think otherwise is masochistic.—Tim Ferriss
• People are poor judges of importance and inflate minutiae to fill time and feel important.—Tim Ferriss

Wrapping Up…

That’s it, these are some of the best books on personal finance you can read to expand your knowledge for your financial success.

Whether you are a beginner or an expert in the field you can find some insights from these books to take a serious look at your financial success.

I am no expert in this field so research on your own before trying out any of these books’ lessons. So, welcome to your journey for your financial independence.

We have listed other best books list on different topics you can browse through the page to find your next books to read. Here are the related best book categories.

• 20 Best Books On Making Money
• Best Books On Investing
• Best Books on Economics