According to Investopedia, Financial Literacy is the ability to understand and use various financial skills, including personal financial management, budgeting, and investing.
Financial literacy books are a great way to develop your personal finance skills. Books are a great investment because you are essentially investing in YOU.
Educating yourself is worth the price, and boosting your knowledge increases your overall skills and value. Increasing your value is key to attracting great career opportunities.
Check out some of these financial literacy books, and let me know what you think!
Financial literacy is one of the most important things you should be familiar with in your life. Your finances affect every aspect of your life and wellbeing.
One of the biggest failures of the American school system is the absence of financial literacy courses in education.
Although you may have missed the basics of personal finance in school, it is never too late to educate yourself and get your finances in order.
These books on financial literacy will allow you to grow confident with your finances by learning the basics of budgeting, saving, spending, income, income streams, passive income, investing, and more!
You can find most of these books online in a pdf version so that you don’t have to actually buy them, but they are also nice to own if you can purchase them.
1. Money: A User’s Guide – by Laura Whateley
This book is basically Finance 101. Everything you should have been taught in school about budgeting, credit and debit cards, building credit, loans, emergency funds, and saving is in this informative book. I call this book the “beginner’s guide to personal finance.”
2. The Financial Diet: A Total Beginner’s Guide to Getting Good with Money – by Chelsea Fagan
Once you have learned the basics of personal finance through Money: A User’s Guide, this book is the next step.
The Financial Diet walks you through a more-in depth guide to budgeting and become an adult with your finances. It teaches you how to become better with your money in the span of a year and learn how to be a true grown-up with your money through saving and investing.
“Saving money isn’t about depriving yourself. It’s about deciding you love Future You as much as you love Today You.”
Chelsea fagan
3. Simple Money: A No-Nonsense Guide To Personal Finance by Tim Maurer
This is an excellent book to get you started on the right path to achieving financial success. Tim Maurer makes complex financial concepts easier to understand.
One of the most important things he sheds light on is the fact that personal finance is mostly psychological. Maurer believes that personal finance is more personal than financial!
This book will put you in the right psychological mindset to get your finances in order.
4. I Will Teach You To Be Rich – by Ramit Sethi
“Spend extravagantly on the things you love, and cut costs mercilessly on the things you don’t.”
Ramit Sethi
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5. Rich Dad Poor Dad – by Robert T. Kiyosaki
This book basically reprograms your mind as to how you’ve been taught about finance in school and by your familiar experiences.
Robert Kiyosaki makes us question WHY we buy certain things. Do we want to buy that fancy car because we actually want the car or to create a certain image to society?
“I have never met a rich man who hasn’t lost a lot of money, but I have met a lot of poor men who have never lost a dime.”
Robert T. Kiyosaki
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6. The Intelligent Investor – by Benjamin Graham
If you have any doubts if you should read this book: Warren Buffett recommends this book!
This book teaches you the basics of investing and the stock market. This is a great book to read if you are serious about investing in stocks.
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Benjamin Graham
7. Think and Grow Rich – by Napoleon Hill
This book is a great book for anyone with a passion to succeed.
This is more about succeeding in life rather than succeeding just with your finances. Napoleon Hill teaches you how to succeed in any desired outcome you envision. It is definitely a motivational book
“The starting point of all achievement is DESIRE. Keep this constantly in mind. Weak desire brings weak results, just as a small fire makes a small amount of heat.”
napoleon hill
These are some of the best financial literacy books on the market, and they will 100% make you more knowledgeable, thrifty, and strategic with your money. Financial literacy is one of the most important things you should educate yourself on because it dictates how you live your life.
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Xo,
Layton