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Best Money Books

So many excellent finance books, so little time!

So many excellent finance books, so little time!

It should come as no surprise that we in the financial blogosphere spend a great deal of our time reading about money, finance, budgets, investing, and economics. A recent poll of finance bloggers on FaceBook generated a truly epic list of great books about money. Here are the five most popular books among FinCon bloggers:

Your Money or Your Life

Many bloggers listed this as the best finance book they had ever read. Doug Nordman stated that this book “was the first (and one of the very few) books to give me a financial ‘whoa’ reaction. It was one of the first finance books to focus on lifestyle over money. I’ve been poor and I’ve been rich, but ‘enough’ is way better.”

Glen Craig concurred: “The book has you take a look at not just your money but you lifestyle to see why certain things hold value for you.”

Jackie Beck described Your Money or Your Life as being the book that “literally changed the way I looked at money overnight.”

This book was also a favorite for Anna Newell Jones and Long Pham.

The Millionaire Next Door

This is another popular book among bloggers. Peter Anderson describes this book, which shows that millionaires don’t look like Thurston Howell, III or Carlton Banks, as very eye opening!

Glen Craig likes that this book “dispels the myth that wealth means fancy cars and big houses.”

And Carrie Cantazaro Rocha stated that this book “helped my husband and me reframe our thinking about what a ‘wealthy li really is.”

The Automatic Millionaire

This book focuses on the importance of paying yourself first. Phil Taylor described this book as having the biggest impact on him: “I started using his automation tactics on all of my financial life and saving (i.e. paying myself first) has been happening consistently ever since.”

And according to Eric Rosenberg, “This book is part of what inspired me to start writing about money.”

The Millionaire Fastlane

Miranda Marquit and Phil Taylor both recommend this book, which explains how to get in the fast lane to wealth. According to Miranda, “the author is amusing, and he takes an interesting approach to personal financial responsibility.”

Stop Acting Rich

This book by the author of The Millionaire Next Door again looks at what wealth really means and what it really looks like. Both Dorothea Conner and Joe Taxpayer recommend this book.

Other Recommendations

J. Money  recommends the book I Will Teach You to Be Rich: “Not only is it full with great (and practical!) information, but it’s funny as hell. And it’s definitely not like all those typical books out there, which is why I find it sticks out.”

Mike Piper likes The Investor’s Manifesto: “It’s a relatively quick/easy read, and the information is rock-solid — based on actual research rather than anecdotes.”

Karen of Money Saving Enthusiast says that Fight For Your Money is one of her favorites: “It explains how to save thousands of dollars by not getting ripped off on all types of purchases. He shares many secrets on how to get deals that businesses don’t want you to know about. He also explains how to avoid being taken when it comes to everything under the sun. Purchases both big and small like cell phone contracts, car purchases, cable bills, 401K plans and more are covered in this book. He even shows examples of what work for him. He’s good at getting nice hotel rooms at a decent rate. I think I want to reread his book now.”

Andrea Travillian has two favorites: The Millionaire Mind by the author of The Millionaire Next Door, and A Random Walk Down Wall Street.

Ben Edwards got a lot out of Why Smart People Make Big Money Mistakes: “The authors explain the underlying reasons that you make bad decisions when it comes to money and they also give suggestions on how you can try to break these behavioral patterns.”

Dominique Brown recommends All Your Worth by Elizabeth Warren.

John Wedding is a fan of Automatic Wealth: “This one focuses on increasing income rather than controlling spending.”

Carrie Smith really enjoyed The Debt-Free Spending Plan: “The author makes some excellent points about our mindset with money, and also shares actionable tips on making budgets that fit into our lifestyle of living debt-free. Highly recommend!”

Mandy and Derek Knight both recommend Rich Dad Poor Dad.

What’s the best money book you’ve ever read? Which of these books will you be adding to your reading list?

Image courtesy of Shakespeare and Company Bookshop

Posted January 17, 2013 in: Blog by Emily

  1. Not a “best ever,” but still an important read, is The Two Income Trap:  Why Middle Class Parents Are Going Broke.  An interesting and educational look at how the widespread development of two income families changed the economics of American society.

    Kate Horrell, January 18, 2013 at 11:24 am
    • @Kate Horrell I read this a while back as well and would have to agree, great read.

      DorethiaConner, January 24, 2013 at 6:52 pm
  2. We also were heavily influenced by The Automatic Millionaire. It was the first book about finance that I ever remember reading, and it really was the birth of me starting to think about how I was going to retire one day.

    GregatClubThrifty, January 18, 2013 at 6:20 pm
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