Greetings! Looking to broaden my financial library with the books that influenced you the most on your financial journey. Could be on any topic, investment, real estate, getting rid of debt, savings... You name it! Thanks in advance!
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@Thomas R. -- earlier this year, I read "Napkin Finance" by Tina Hay, which breaks down various money topics using infographics. It's great for visual learners. I also read "Broke Millennial Talks Money" by Erin Lowry this year, which was a really good book about having financial conversations with different groups of people in your life -- your co-workers or boss, your friends, your family members and your significant other.
I also crowdsourced book recommendations from this community in the past, and here's what people said were their favorite books about money: https://www.thepennyhoarder.co...sonal-finance-books/
@Thomas R. Can't wait to hear everyone's suggestions! Here are a few of my favorites in no particular order.
- "The Psychology of Money" by Morgan Housel. It's a super interesting read about why we don't make rational decisions with money and how we think about money in terms of numbers when there's actually so much emotion involved.
- "A Random Walk Down Wall Street" by Burton G. Malkiel. Probably the best book I could recommend for someone who wants to learn about investing and how the stock market works. When you finish, you'll be able to speak Wall Street!
-"Broke Millennial Talks Money" by Erin Lowry. It's not just for millennials! It's a really helpful guide for how to handle difficult money conversations. P.S. My colleague @Nicole D. led a wonderful book club discussion with Erin Lowry earlier this year.
-"Pound Foolish" by Helaine Olen. This one is about some of the myths that are peddled by the personal finance industry. As someone who works in the business, I certainly found it eye-opening!
P.S. One that's been on my list forever is "Your Money or Your Life" by Vicki Robin and Joseph R. Dominguez. Has anyone else read it? Is it worth the read?
The Richest Man in Babylon is a simple book to read and really helped me to develop a better mindset around finance. The main principle of the book is to pay yourself first and invest in things you understand to grow your wealth.
You can have the best method of saving/investing, a great job/side hustle but if your mindset is a whack, these can slip from your hands real fast.
Remember, your mindset towards money is 90% of what will make you rich and stay rich.
The best book I can recommend "The Daily Stoic" and "Rich Dad, Poor Dad". Start your financial journey with these books as a foundation.
You may be able to rent some more financial books at www.mygaragerentals.com or you can list your own financial books too.
Thanks everyone for the suggestions, I’ve added about a dozen books to my read list!
"Getting Comfy with Your Money"