Personal finance books seem to gain more and more popularity. Especially given the uncertain times we are living in, gaining some extra insight on personal finance is always a good idea.
But because there is so much choice, it can be hard to choose the best books to read. So to make things easier, here are five personal finance books that, despite how old they are, you should still be reading in 2020.
This book by Vicki Robin and Joe Dominguez has been a go-to personal finance book for decades. The step by step program to achieve financial independence touches on different areas of finances, from getting out of debt to budgeting, decluttering your life, and investing.
If you’re looking for a step by step action plan to help you manage your money, this is the book for you. You’re not supposed to just read this book but follow along and take action.
Rich Dad Poor Dad by Robert T. Kiyosaki is the #1 book on personal finance of all time. First published in 1997, it has gained worldwide fame and has become a classic in the field.
Among criticism and praise, it is, without a doubt, a must-read on personal finance, especially after the update 2007 edition celebrating its 20 years. Public figures such as Will Smith and Oprah Winfrey are big supporters of the book that teaches about financial responsibility, financial intelligence, investing, and starting your own business.
Another step by step book by acclaimed finance coach, radio host, and businessman Dave Ramsey. The book goes through seven steps that go from starting an emergency plan and getting out of debt using the debt snowball method to investing, paying your home mortgage early, and building wealth.
First published in 2003, by 2017 the book has been on The Wall Street Journal bestsellers list for over 500 weeks. Read this one, especially if you’re looking to get out of debt and create emergency and children’s college funds.
For all millennials struggling with money out there, Erin Lowry has come up with a book to help you get your financial life together or, as she puts it, #GYFLT.
Written by a millennial and for millennials, the book dispenses simple advice, written in a conversational way, with funny stories and great advice. If you’re trying to figure out how to pay off your student loans or talk about money with your partner, give this book a try.
David L. Bach is an American financial author, motivational speaker, and entrepreneur famous for his many books on personal finance, including several New York Times bestsellers.
The Automatic Millionaire is a #1 New York Times bestseller teaching you how to pay yourself first and secure your financial future. It gives specific and clear advice and tools to invest and save money and teaches you how to automate the process.