15 Best Financial Books Every One Should Read in 2022
But where do you even start? There are so many different books on personal finance, and it can be hard to know which ones are worth your time.
We’ve done the hard work for you and compiled a list of the 16 best financial books that every person should read in 2022. From budgeting advice to investing tips, these books have everything you need to get your finances in order.
15 Best Financial Books Every One Should Read in 2022
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If you know even a little bit about personal finance, the name Robert Kiyosaki has probably come up. What you might not know is he is an internationally bestselling author whose work has been translated into 51 languages. In his book, “Rich Dad Poor Dad,” Kiyosaki talks about how his two fathers—his real father and the father of his best friend—shaped his personal finance views. His “rich dad” was a highly educated man who had his life savings taken by the IRS. And, his “poor dad” was an educated yet struggling man who worked for someone else his entire life. Throughout the book, Kiyosaki uses a combination of personal anecdotes and researched facts to illustrate the difference between working for money and having money work for you.
Most people are aware of the saying, “you have to spend money to make money”. But what about the idea of your time is more valuable than your cash? This is one of the main principles discussed in Joe Dominguez and Vicki Robin’s book, “Your Money or Your Life”. The authors use their own experiences and those of others to illustrate how people can trade their time for money and then begin trading money for the things they really want in life, such as freedom and flexibility. The pair wrote this book in 1992, but its basic principles still ring true today, which is why it’s earned a spot on our list of books everyone should read in 2022.
Author Richard Paul believes that much of what students learn in school is useless. From his own experience as a college dropout who went on to teach himself how to make millions of dollars, Paul explains in “Why Didn’t They Teach Me This in School?”. How students can take any subject, including personal finance, and break it down into the basic principles that matter most. This book is full of specific advice, such as the best ways to plan for retirement while still in your 20s and how to pay off your student loans. This will help ease your financial burden before it becomes overwhelming.
Along with Robert Kiyosaki’s “Rich Dad Poor Dad,” Thomas Stanley and William Danko also discuss the difference between working for money and having your money work for you. However, the authors of “The Millionaire Next Door” turn the traditional idea of a millionaire on its head and instead discuss the traits and habits that many millionaires share, such as living below your means, investing wisely, and choosing a career that you are passionate about. Even though this book was published in 1996, its lessons still ring true today.
If you’re looking for a step-by-step guide to repairing your financial situation, look no further than Dave Ramsey’s “Total Money Makeover.”. Ramsey, a radio host, and author who specializes in teaching people how to successfully manage their money discusses the seven Baby Steps he believes everyone should follow to become financially fit. Ramsey’s book discusses the importance of going from being a debtor to being a saver, of being prepared and taking responsibility for your financial situation. By following “The Total Money Makeover” step-by-step, readers can expect to be debt-free in no time.
If you’re looking to get rich, it is important to think like the wealthy. This is the principle discussed in T. Harv Eker’s “Secrets of the Millionaire Mind,” which is filled with advice on how to turn your money mindset into a money mindset. Whether it’s believing that you, too, can become wealthy or knowing how to use your current financial situation to your advantage, this is a great book for anyone who truly wants to amass a fortune.
7- Think and Grow Rich
Napoleon Hill researched more than 40 millionaires to come up with his best-selling book, “Think and Grow Rich.” Throughout the book, Hill discusses the importance of faith and visualization in achieving success and tells readers that they can achieve whatever they want in life as long as it is properly defined and if they are willing to work for it. If you would like to learn more about how thinking like a millionaire can help you walk the path to financial success, this is a great book for you.
Another great book to read in 2022 is George Clason’s “The Richest Man in Babylon.” While this book was first published in 1926, it still rings just as true today. The book is set in ancient Babylon and dispenses financial advice through parables that are both interesting and easy to understand. Clason discusses how saving money in a time of plenty is the best way to prepare for a time of need, and how to budget and use credit wisely. His advice is current, practical, and timeless.
As a companion to Ramsey’s “Total Money Makeover,” this workbook is the next best thing for those who truly want to get a handle on their finances. Ramsey walks readers through the process of “making over” their financial plan and provides various tools, worksheets, and exercises to help readers stay on track. This is a great book for those who want to follow the steps of Ramsey’s plan while staying accountable.
Although it was originally published in 2004, David Bach’s “The Automatic Millionaire” is still just as relevant today. The book discusses how too many people are not leaving themselves enough time to comfortably retire, and encourages readers to start saving for their future early on. Bach discusses the importance of starting small and how to make saving a habit by setting up automatic deposits. Those who want to be able to retire without financial stress will appreciate this book’s timeless advice.
Erin Lowry’s “The Broke Millennial Takes On Investing” dispenses advice on how to start investing wisely. McAlary discusses how millennials can get ahead by learning to invest properly, and what they should invest in first. This book is great for millennials who want to be able to enter the real world of investing but need guidance on which investments are best.
With the help of his father and other experts, Carl Richards created “The One-Page Financial Plan” to make financial planning simple for readers. This book is all about keeping things simple when it comes to financing and helps readers establish plans for their future. Although many of us would like to have a plan in place for our financial future, most of us don’t have the time to create one. Richards makes it easy by offering an easy-to-follow plan in his book.
Ramit Sethi’s “I Will Teach You to Be Rich” is a great book for those who want to take control of their financial futures. The book tells readers how to create budgets and save money so they can achieve the things they want in life, such as traveling around the world. Readers will learn that it is possible to save money and still live a rich life, even if you are just starting out.
The best way to manage your money is to understand the psychology of money. This book separates emotions from finance and stresses the importance of mastering our money. It is a practical guide that mentions specific strategies readers can use to better manage their money. Those who are looking for expert advice on how to get their money in order will appreciate this book’s strategy for taking control of finances.
15- Retire Before Mom and Dadhttps://amzn.to/32WTpRp
Josh Mettle’s “Retire Before Mom and Dad” dispenses advice on how to secure financial independence. The author discusses the importance of budgeting, how to set goals and how to build an investment portfolio. This is an ideal book for those who are trying to get their finances in order but need advice on how to start saving. It dispenses expert advice on topics such as real estate, travel, and financial planning.
Why should read financial books before dealing with money?
Financial books are always the best way to learn something about money. There are a lot of things that we need to know about but most importantly, we need to know how can help us build a brighter future. It would be great if we could manage money by ourselves but there are just too many things that we need to know about. This is why it is always a great way not only to look for financial books and see what information they have on offer but also follow their advice as closely as possible. Make sure you take some time today and start reading!
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