According to research from 2022, 56% of Americans had bank accounts with less than $1,000 in savings. Even worse, more than half of them have no money at all to pay for a $1,000 bill. They would need to borrow the funds. Not good with Finance Books.
No emergency fund makes you vulnerable, not because “you should save money.” Who hits your car? What if bones break? Uncontrollable events can make us pay. You can’t fail then.
That’s just one reason you should manage your money. Money can help us retire without worrying about money, invest in a new venture, and give to friends, family, and charity.
There are many good financial books. We’ve reviewed and summarised over 1,000 books at Four Minute Books, and the best finance books have three things in common:
1. Practical advice:-
Money is a tangible thing, so whatever tips authors give should be easy to implement for you right away.
2. Relevant information:-
You may need a beginner’s or advanced book, depending on your situation and goals.
3. Inspiring stories:-
Boring books don’t motivate. Listening to a good story changes people.
We chose the 7 best finance books based on these three criteria. These books can help you become financially savvy, spend and save wisely, and invest for freedom.
Our list includes our favorite quote, a summary, three key lessons, and reasons to read each book. Four Minute Books has summaries and copies of each of these books.
Best Finance Books Overall
1. Rich Dad Poor Dad by Robert T. Kiyosaki
Favorite Quote
“The main reason that over 90 percent of the American public struggles financially is because they play not to lose. They don’t play to win.” — Robert T. Kiyosaki
The Book in One Sentence
Richdad Poor Dad tells the story of a boy with two fathers, one rich, and one poor, to help him build wealth and freedom.
2. Money: Master The Game by Tony Robbins
Favorite Quote:- “You either master money or, on some level, money masters you!” — Tony Robbins
The Book in One Sentence
Tony Robbins’ Money: Master The Game outlines seven steps to financial freedom based on advice from billionaire investors.
3. The Barefoot Investor by Scott Pape
Favorite Quote:- “You can continue living in the past, beating yourself up about the money mistakes you made when you were younger, telling yourself you’ve left it too late…or you can rise up and make yourself proud.” — Scott Pape
The Book in One Sentence
The Barefoot Investor is an Australian farm boy’s no-BS guide to taking charge of your personal finances and retiring in peace.
4. The One-Page Financial Plan by Carl Richards
Favorite Quote:- “People who understand interest earn it. People who don’t pay it.” — Carl Richards
The Book in One Sentence
The One-Page Financial Plan helps you plan your whole financial future on a single page, so you don’t have to feel like financial planning is a burden.
5. The Intelligent Investor by Benjamin Graham
Favorite Quote
“Those who do not remember the past are condemned to repeat it.” — Benjamin Graham
The Book in One Sentence
The Intelligent Investor describes value investing, which ignores the market and picks companies with high intrinsic value.
6. The Little Book That Beats The Market by Joel Greenblatt
Favorite Quote: “Choosing individual stocks without any idea of what you’re looking for is like running through a dynamite factory with a burning match. You may live, but you’re still an idiot.” — Joel Greenblatt
The Book in One Sentence:-
The Little Book That (Still) Beats The Market is a step-by-step guide to buying stocks using a simple mathematical formula that guarantees long-term profitability.
7. The Millionaire Fastlane by MJ DeMarco
Favorite Quote:- “Many people want to change their life, but they are not willing to change their choices, and ultimately this changes nothing.” — MJ DeMarco
The Book in One Sentence:-
The Millionaire Fastlane debunks the “get a degree, get a job, work hard, retire rich” approach and shows how to retire young.
Conclusion
After reading these books, you’ll have more financial breathing room, whether you’re recovering from bad luck, have lousy financial habits from childhood, or are bad at math.
Improve your financial understanding, cut your consumption, save, and invest to achieve financial independence.
Start today to gain financial control.
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