Reading is a great way to learn. You can learn about history, culture, society, and finance from experts in the field. While we have YouTube, Podcasts, and documentaries that we can learn from, a book is a different experience and way of learning. There are certain finance books that any beginner should read to understand the fundamental aspects of personal finance.
The Total Money Makeover by Dave Ramsey
This is a classic finance book. Dave Ramsey is a household name for millions of people. His radio show and YouTube channel have a vast reach. This book outlines his famous Baby Steps. He explains how getting rid of debt and following his baby step plan can help you and your family reach financial security. Not only should you read this book, but follow his steps. They have helped many people.
The Millionaire Next Door by Thomas J. Stanley
This book reads more like a fiction novel but has many financial lessons to learn from. This book talks about how we all live among millionaires. Most millionaires do not look like what we expect. They drive older cars, live in modest homes, and dress in basic clothes. They do not look flashy like many of us assume. This book talks about essential savings and how important it is to save your money from a young age and take care of yourself before supporting others.
The Richest Man in Babylon by George Clason
This book also reads like a fiction novel and is a quick read. The book is told through tales and parables from ancient Babylon times. Therefore, it’s easy to digest the financial advice that is given. This book goes through each parable to provide you with a better understanding of the advice that is given. The key financial practices that are covered in this book are to live below your means, have your money work for you, and never take on debt. It’s real financial advice, but these are the essential things everyone should know about money.
