The 13 Best Personal Finance Books For 2020

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Whatever your goal, there’s a personal finance book for it. These books have been hand-picked either because they are a favourite of mine, or because they have some pretty impressive Amazon reviews and ratings. Buy the paperback, the kindle version or the audiobook – how you read them doesn’t matter.

Reading these books will make you money.

That’s a big statement, but a true one.

If you take on board the recommendations in these books, you will be able to save money, make money and know how to invest your money to turn it into thousands, or hundreds of thousands or even millions over your lifetime. That’s a pretty good return on investment for a small amount of money and a few hours of your time.

This is my recommended reading list.

Best for Inspiration: Think and Grow Rich

A timeless classic, the original of this book was written in 1937! This updated version restores the original to it’s former glory and brings it up to date. This book was one of the first to really talk about the concepts of mindset and money together, and teaches you 13 steps to take to achieve exceptional success. It’s inspiring and thought provoking.

Best for Beginners: Broke Millennial

Aimed at the 20 and 30 something age group, this one is a well-written down to earth book that takes you through everything you need to know about finances, promising to take you from broke to bad-ass.

Jason Vitug, bestselling author of You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life says this book is “The ultimate millennial guidebook on money matters…. I highly recommend it.”

Best for Getting Out of Debt: Total Money Makeover

Dave Ramsey is quite literally the finance legend. His five New York Times bestselling books –Financial Peace, More Than Enough, The Total Money Makeover, EntreLeadership, and Smart Money Smart Kids – have sold more than 7 million copies worldwide and The Dave Ramsey Show is heard by more than 8 million listeners on more than 500 radio stations.

He’ll have you paying off your debt and saving your emergency fund in no time.

Best for Changing Your Mindset: You are a Badass at Making Money

Funny and honest, this is a really great read. Jen takes you on a journey of how she went from having nothing to travelling the world in luxury, in just a few short years.

She helps you change the way you think about money and fills you with the motivation needed to change your money mindset.

Best for Budgeters: Financially Fearless

Using the popular 50/20/30 way to budget, this book promises that, at the end of it, you’ll have a rock solid financial game plan based on your own hopes, dreams and lifestyle.

Best Memoir: Rich Dad Poor Dad

Rich Dad Poor Dad, the number 1 personal finance book of all time, has been updated since the original was published 20 years ago.

Kiyosaki walks you through his childhood, sharing stories of his not-so-rich dad and his best friends very rich dad, and their differing attitudes to money.

There are many great principles in this book so it’s definitely worth a read, but many have said that – rather than the book being a true story – Kiyosaki just tells an incredible fictional tale. Either way, it should be on your reading list. Let me know what you think!

Best for Understanding Money Psychology: Nudge

Everyday we are faced with a multitude of decisions – what to wear, eat, what investments to make, where to live. But we often choose poorly.

Nudge helps us understand why we make certain decisions and steers us in a better direction.

Steven Levitt, author of Freakonomics, says “I love this book. It is one of the few books I’ve read recently that fundamentally changes the way I think about the world.”

Best for Making A Plan: I Will Teach You to Be Rich

A practical, non-judgemental book based on 4 pillars of personal finance – banking, budgeting, saving and investing, plus wealth building ideas.

You follow a 6 week plan and if you do, you WILL get results.

I like Ramit’s writing style and his logical system.

Best for Building Wealth: The Automatic Millionaire

This book – a New York Times bestseller, with over 1.5 million copies sold – is one the most popular personal finance books of our time. One you have to read.

David Bach teaches how you can reach financial independence and pay for all the things you want to pay for, such as your mortgage or school fees – without a budget.

Best for Financial Independence: Your Money or Your life

Do you want to reach financial freedom and be happy? Then you need to read this book.

Vicki Robin wants us to think about our income as units of time and that we must value how we spend our time.

It’s a very thought provoking book that encourages you to change your mindset about how you earn and spend your money and time.

Best for Retiring Early: The Simple Path to Wealth

If you want to change the way you think about money, understand how build your wealth and why traditional investing advice is often wrong, this book is for you.

And if you don’t come away wanting a bunch of F-You money in your life, well i’ll make you read it again!

Best for Amassing Wealth Through Frugality: The Millionaire Next Door

There are seven common traits amongst those that have accumulate wealth, and this updated edition tells you what they are.

Contrary to the medias depiction on wealth – what if you were told those that had amassed the most wealth lived next door to you, lived frugally and saved most of their money?

Best for Investing: The Bogleheads’ Guide to Investing

This book provides a great roadmap for financial success, encouraging you to throw out the ‘good’ advice from Wall Street. Investing can be simple, and this book tells you how to start early, invest regularly and know what you’re buying.

A great one-stop-shop for those of you looking to learn about investing.


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