BEST BOOKS ABOUT MONEY

Investment Advice from the Experts 

Here are the best books about money. These recommendations are based on my opinion. Your response to these best books on money may differ dramatically. 

Personal Finance

These best books about money and personal finance discuss many aspects of money including how to save money, how to avoid credit, how to invest money, how to get out of debt, and how to save money for retirement. These particular books don’t necessarily go into a lot of detail or into a lot of debt about any one money subject because it is impossible to cover every subtopic about money in great debt in a book of 240 pages or so.

You're Broke Because You Want to Be: How to Stop Getting By and Start Getting Ahead by Larry Winget

More than 40 percent of families today are feeling financial pressure: spending more than they earn, and worrying about retiring and being dependent on the government, family, or charity. Larry Winget knows. He grew up poor, then made and lost a fortune when a business in which he’d invested went bankrupt. But he worked his way back from rock bottom to become a multimillionaire.

In You’re Broke Because You Want to Be, Winget expands on the ideas that have made his popular television show Big Spender a hit and offers straightforward talk about coming to grips with your finances,

The Millionaire Next Door by Thomas J. Stanley and William D. Danko

How can you join the ranks of America's wealthy (defined as people whose net worth is over one million dollars)? It's easy, according to Stanley and Danko, who have spent twenty years interviewing members of this elite club, There are seven simple money rules that apply: The first rule is, always live well below your means. The last rule is, choose your occupation wisely. You'll have to buy the book to find out the other five. The authors' conclusions are commonsensical. But, as they point out, their prescription often flies in the face of what we think wealthy people should do. 

The Total Money Makeover: A Proven Plan for Financial Fitness Revised 3rd Edition by Dave Ramsey

According to Dave Ramsey, "Winning at money is 80 percent behavior and 20 percent head knowledge." He offers a comprehensive plan to get out of debt and achieve financial fitness. Because he hates debt of any kind (as I do) Ramsay's seven-step plan includes paying off all debts except the home mortgage at an accelerated speed, creating a financial safety net that covers three to six months' expenses, investing 15 percent of income in a retirement fund, and saving for children's college expenses. We must take total respornsibility for our current financial position, which represents the sum total of the decisions we've made to this point, Ramsay effectively shows how regular people can rid themselves of debt and grow their wealth using current income.

THE MONEY CAFÉ COPYRIGHT © 2012 by Ernie J. Zelinski
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