Top 10 Books on Financial Health

BECU Employee

If only there was one simple guide to financial health. Instead, there are almost too many to count! No single book has all the answers for everyone, but many offer solid advice that is applicable to most of us.

 

Want to learn more about finances, but feeling overwhelmed when it comes to choosing a title? With so many books out there it can be hard to narrow your focus. Whether you’re looking for a gift for a friend or yourself, when it comes to your financial health here are our top book recommendations:

 

Your Money or Your Life

by Vicki Robin

 

Author Vicki Robin takes a unique approach to financial health, blending it with overall well-being. Her core argument is that living frugally and finding the right work-life balance is more important than how much you make.

 

Robin brings up a paradox many of us have experienced - that it can be expensive to make a lot of money. Spending all day at the office can damage your relationships, your health and your bank account as you experience the consequences of too little time and too much stress.

 

The Wealthy Barber

by David Chilton

 

This book blends storytelling with financial advice, offering practical tips for the future in the form of a story. A young man whose dreams of becoming a lawyer are derailed visits the richest man in town for advice which is duly delivered to both the protagonist and the reader.

 

The book champions saving 10 percent of your money and living frugally among other tips. If you like it be sure to grab the sequel The Wealthy Barber Returns.

 

Stop Overthinking Your Money

by Preet Banerjee

 

Banerjee encourages readers to let go of the financial jargon that paralyzes so many of us from doing anything at all about our financial situation. Instead, he argues that at most, you only need to know 20 percent of the financial information out there. He helps readers focus on the information they need to know with a philosophy that is simple: investing is great, but first you need to pay off your debt, spend less, always read the fine print, and build up emergency savings.

 

A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan

by Ben Carlson

 

Carlson confronts the short-term investing world by arguing that you should ignore short-term metrics and think long-term when you make an investment. With his simplicity-based framework, Carlson’s book helps readers view the markets, read their portfolio, and find simple ways to make better investment strategies that are easy to understand and not overly time-consuming.

 

I Will Teach You To Be Rich

by Ramit Sethi

 

The direct title reflects Sethi’s fun and friendly tone. Sethi sets out a clear 6-week plan for you to follow and is thoroughly comprehensive, making it a great book for anyone new to the world of finance.

 

Why Didn’t They Teach Me This in School? 99 Personal Money Management Principles to Live By

by Cary Siegel

 

Siegel originally wrote this book for his children but the accessible style and comprehensive range of advice is perfect for anyone from the young, to the young at heart.

 

The Truth About Money

by Ric Edelman

 

Edelman’s book not only provides information but also a clear roadmap for the reader to follow. Best of all he starts with a simple quiz so if you have been binge-reading personal finance books you can test your knowledge and then skip straight to the parts of the book that are most relevant for you.

 

Women and Money

by Suze Orman

 

Orman wrote this book to help empower women financially, helping them to negotiate the

world of personal finance (which is often male-centric). Orman also has a book aimed specifically at young people and the challenges they face entitled The Money Book for the Young which is worth a read if you have kids.

 

Rich Dad, Poor Dad

by Robert Kiyosaki

 

There are claims that this is the best-selling personal finance book ever, so it’s possible that you’ve already read (or heard of) Rich Dad, Poor Dad. Author Robert Kiyosaki follows the divergent financial paths of his father and his mentor. He chronicles each of their own philosophies, successes and failures, and analyzes how they have impacted his own approach to personal finance which he shares with the reader.

 

Make Your Kid a Money Genius (Even If You're Not): A Parent's Guide For Kids

by Beth Kobliner

 

There is no doubt that kids these days don't get enough information about personal finances in school. This book seeks to rectify that issue by helping parents teach their kids about the importance of personal finance and how to live financially responsible lives.

 

Can you recommend a book that isn't on our list? We’d love to know your financial favorites. 

 

2 Comments
Tourist

Where the heck is John Bogle, the inventor of index funds and founder of Vanguard,  on this list?  Still the greatest as we Bogleheads believe.  Everything he's written over the decades is worth reading.

BECU Employee

@duke98290- Thanks for sharing your pick and joining the discussion! The more resources the better! Cheers, KristinA 

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