Sunday, 22 May 2016

Personal Finance (ish) Reads


Maybe you are feeling inspired to get your money matters in order or maybe you just want some summer reading that's a little less fluff and a little more substance. Whatever has brought you here looking for a new read I've got some good ones for you. Here are my top reads for all things finance; most of these are personal finance based but there are a few that venture out of that world and look bigger picture (let's be honest, there's only so many times you can read advice on making a budget!) I find that sometimes the books that inspire me to save the most and rework that budget aren't actually personal finance books at all. 

Have I missed any of your favourite money books on the list? Feel free to comment below, I'm always looking for great reads! 


Wealthing Like Rabbits by Robert R. Brown

This is a really great intro to personal finance and covers all the basics you will need to get going. It's also a pretty entertaining read so it wont bore you to death. 

The Big Short by Michael Lewis
This isn't exactly a personal finance book but it does delve into why the 2008 financial crisis happened and gives a little perspective on how what happens (or doesn't happen) behind the scenes in the investment world. Michael Lewis is a fantastic writer and is really good at explaining complex issues without making you feel stupid. The book was also created into a movie so if you're not up for reading you should check that out, it's also really great. 

The Millionaire Next Door by Thomas J. Stanley & William D. Danko
This book takes a look at the seven traits / habits that are most commonly found in people with high net-worth. The big takeaway from this book is that those who maintain wealth throughout their lives do not live extravagantly. It's not the most exciting read but is backed with solid research and will motivate you to adjust your lifestyle to fit your future goals.  

The Wealthy Barber Returns by David Chilton
This is another personal finance read that is enjoyable to read and actually funny in parts. You'll notice a bit of a trend here, my favourites tend to be written with a casual / relaxed tone. It's written more like a novel than a step-by-step guide to your finances but still provides lots of valuable info. 

The Intelligent Investor by Benjamin Graham
Ok, this is not a fun and easy read like some of the others...it's actually a bit of a slog. It is however kind of the bible of personal finance and a must-read for anyone who wants to get serious about building wealth through investing. Don't tackle this if you're just starting out, wait until you've got a little more of a base. 

Thinking Fast and Slow by Daniel Kahneman
Another pick that isn't actually a personal finance book but the focus on how and why we make the choices we do is very relevant to money and saving. If you have a better understanding of how to make decisions you will be more apt to make the right ones.

The Total Money Makeover by Dave Ramsey
This is the book you want to turn to if you are serious about paying off debt and need a step-by-step plan of how to get that done. Dave Ramsey's system for paying off debt and getting yourself to start saving works and the book does a good job of getting you motivated to get going. I do find that he gets pretty preachy and the book gets repetitive but the basic concept are good. There are a lot of first-hand accounts of how Dave saved people's finances and those were a bit much so I ended up skipping over a bunch. 

The Opposite of Spoiled by Ron Leiber
Now I haven't actually read this book but it is highly recommended and it's a topic that hits pretty close to home for me. Being an only child I have often been pegged as spoiled, even though I don't consider that the case, and when I have children I want them to be raised with a good understanding of money and a drive to succeed (on their own). This book definitely has a target audience of middle-class families and lays out some pretty good lessons on teaching your kids about money and not being spoiled. 

The Black Swan by Nassim Nicholas Taleb
Another not personal finance read that will impact the way you think about personal finance. A Black Swan is a highly unlikely event that happens and this book looks at why such events happens and why we never think they are going to. Nassim Nicholas Taleb is a brilliant writer and includes quite a few anecdotal stories to support his extensively researched subject matter, making this an interesting and entertaining read. 

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