Stay smart financially. Here are ideas and education on portfolio management, cash flow and debt reduction, found helpful by our members. We thought you might enjoy them also. If you have a book that has helped you, please let us know by commenting below!
Most of these books can be read from your local library. But just in case, we’ve added our affiliate link to Amazon for your convenience. And, of course, any reviews or recommendations are solely those of the author. We are not responsible for content or any opinions expressed.
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Your Money or Your Life: Revised and Updated
Vicki Robin, Joe Dominguez, Monique Tilford
There’s a big difference between “making a living” and making a life. From this inspiring book, learn how to: reduce debt and manage credit; reorder material priorities and live well for less; resolve inner conflicts between values and lifestyles; save the planet while saving money; and much more. – Amazon Review.
The Bogleheads’ Guide to Investing
Taylor Larimore, Mel Lindauer, Michael LeBoeuf, and John C. Bogle
This guide is both a textbook for beginners and a refresher course for old hands. It blends elements of financial-planning primers… with tips on why it pays to be cheap… The Bogleheads march readers smartly through the basics of how much to save, how to allocate assets, when to rebalance portfolios, the minefield of taxes and mastery of emotions including greed and fear. – James Pressley, Bloomberg.com.
Think and Grow Rich: Updated for the 21st Century
Napoleon Hill
One of the best-selling books of all time. A must for anyone wanting to improve their lives and their positive thinking. There have been more millionaires and indeed, billionaires, who have made their fortunes as a result of reading this success classic than any other book every printed. Explains how achievement actually occurs, and a formula for it that puts success in reach for the average person. – Amazon Review.
The Richest Man in Babylon
George S. Clason
What can a book written in the 1920’s tell modern investors about their finances? A whole lot if it’s George Clason’s delightful set of parables that explain the basics of money. This is a great gift for a graduate or anyone who seems baffled by the world of finance and a wonderful, refreshing read for even the most experienced investor. Highly recommended by financial planners. – Los Angeles Times
The Total Money Makeover: A Proven Plan for Financial Fitness
Dave Ramsey
The success stories speak for themselves in this book from money maestro Dave Ramsey. Instead of promising the normal dose of quick fixes, Ramsey offers a bold, no-nonsense approach to money matters, providing not only the how-to but also a grounded and uplifting hope for getting out of debt and achieving total financial health. It works every single time. – Amazon Review.
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Jim Cramer’s Real Money: Sane Investing in an Insane World
Jim Cramer
Cramer, cohost of CNBC’s Kudlow & Cramer, is a successful trader and former hedge-fund manager. Here Cramer reveals how he made his money and distills his methods so that the average reader can understand them. On his website ActionAlertsPLUS.com, he openly reveals to his subscriberss all of his trades before he makes them. – David Siegfried, American Library Association.
The Millionaire Next Door
Thomas Stanley and William Danko
Doctors Stanley and Danko summarize findings from their research into the key characteristics that explain how the elite club of millionaires have become “wealthy”. It’s easy, say the doctors, who have spent 20 years interviewing members of this elite club: you just have to follow seven simple rules. There are no pop stars or athletes in this book, but plenty of wall-board manufacturers! – Amazon Review.
Millionaire Women Next Door
Thomas J. Stanley
The book examines the choice of businesses elected by women, ranking over 150 categories in terms of profitability and probability of success. It also describes the woman’s background, values, characteristics, family and friends. Stanley demonstrates that most millionaire women work harder and do better at school, in business, and in investment practices. – Amazon Review.
The Money Book for the Young, Fabulous & Broke
Suze Orman
If you are tired of struggling to make ends meet but don’t know a 401(k) from Special K, this book is for you. Aimed specifically at those in their twenties and thirties who are working yet buried in credit card debt and student loans–this user-friendly guide offers practical investing and money management techniques that can turn even a dismal financial situation around. – Shawn Carkonen, Amazon Review.
The Little Book of Common Sense Investing
John C. Bogle
Investing is all about common sense. The simplest and most efficient investment strategy is to buy and hold all of the nation’s publicly held businesses at very low cost. The classic index fund that owns this market portfolio is the only investment that guarantees you with your fair share of stock market returns. Learn from Vanguard’s mutual fund industry veteran John C. Bogle. – Amazon Review.[/column]
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