Finance books everyone should read | Get the scoop on what’s worth the bucks, here!

Although, as humans, we are the most ‘developed’ and ‘intelligent’ species, sometimes we need a little guidance in navigating through life and getting things right. As much as we like to think we’ve got it all under control, this is just something we tell ourselves (and everyone else) to make it seem like we actually do. But no one knows everything and life is just one big learning curve. Therefore, we turn to things like books to help us figure things out. Text books, baby books, ‘how to’ books and finance books are just a few of the places we turn to get a better idea about what the heck we’re doing – or meant to be doing.

These days, you can find a book on pretty much anything. Things like what to expect when you’re expecting, baby names, Auto Repair for Dummies, The Internet for Dummies, even Wine for Dummies. Then, you’ve got the more serious things like ‘Women Who Think Too much’ and ‘You are Enough’. Then there are the mountains of finance books which, in our opinion, are the best ones to read!

Why turn to finance books?

One of the most difficult concepts to master for many is managing money. Once we get to a certain age, we’re suddenly in charge of managing everything without any real-life practice. It’s no wonder we make mistakes every now and then! Luckily, we have found some of the best finance books to turn to when things get a little stressful.

If you’re struggling to build your savings account, slowly being swallowed up by your debt, wanting to save up for a house or planning for your retirement, bury your nose in some of the top finance books! Online courses and blogs are also great to turn to but they won’t help you, finance books will. They’re great for when you need a little guidance with your money. If it’s a specific concept you’re struggling with or whether you just need some general guidance, there are books that cover all aspects of personal finance.

If replacing your fiction for finance is not something you’ve thought about before, then finding the right books for you can be a confusing – and perhaps daunting – struggle. Therefore, we’re going to talk about some of the best finance books that everyone should be reading.

The best finance books to read

The Barefoot Investor

This book is first on our list because, in our opinion, it is one of the best. The Barefoot Investor covers everything from the bank Australia you should join, to the type of bank account you should have, to how much you should be putting away in your superannuation. It covers everything and the author, Aussie investment advisor Scoot Pape, draws from his own personal experiences and mishaps to provide us with detailed, clear and legitimate advice.

The Barefoot Investor is incredibly easy to read as Pape’s tone of voice is light-hearted and conversational. You almost feel like he’s in the room explaining it all to you. The book aims to show you how to save up a 6-figure house deposit in just 20 months, double your income using certain strategies, save money on your mortgage and wipe out almost 7 years of payments, be able to provide for your children and retire into a very comfortable lifestyle. The Barefoot Investor is great for anyone with those types of goals and it relates very closely to young adults just entering the workforce. As Australia’s number 1 bestseller, this book is a money guide you definitely need to read.

The Millionaire Next Door

This is another one of the top finance books as it discusses all the basics of personal finance. It was first published in 1996 and refines the authors’ (Thomas Stanley and William Danko) findings from more than 20 years of research into America’s millionaires. The book is less specific in terms of taking action than The Barefoot Investor. However, it provides simple, common sense lessons on how to develop good money habits.

The Millionaire Next Door explains concepts like ‘spending less than you earn’, ‘avoiding buying status objects and ‘diversifying your investments’. And although this finance book looks at the American millionaire, the advice it offers is completely universal. It looks at 7 common qualities millionaires share and has since been updated to match the context of the 21st century.

Again, the tone of this book is really easy to read and the authors have provided their readers with an interesting story that offers untimely financial advice.

Money: A Love Story

This is another one of the best personal finance books. It teaches its readers about the importance of having a good relationship with their money. The books author, Kate Northrup, uses client stories as well as her own saga of moving from heavy debt to complete financial freedom by the age of 28. Northrup’s book offers advice on how to chart your financial life and create a plan that will help you reach your financial goals.

She talks about step-by-step exercises that address both the emotional and practical aspects of money and help you figure out your own personal perceptions of your money and how to change them for the better. This book is all about changing the way you think about and see your finances. Reading this book could bring to light some thought patterns that you have that might be holding you back from earning what you’re worth or saving what you’re capable of.

If you want to learn how to shift your beliefs about money, create a budget, spend in line with your values and get out of debt, definitively get yourself a copy of this book.

Rich Dad, Poor Dad

Rich Dad, Poor Dad is all about teaching people about growing their assets. It tells you to stop working for your money and start making your money working for you. A bestselling book, it advocates the importance of financial literacy, financial independence and building wealth by investing in assets. If you’re your someone who doesn’t have a clue about investing then this book will straighten out the scribble that investment seems to be.

Rich Dad, Poor Dad aims to show readers that you don’t need to earn a high income to become rich, show parents that they need to take charge when it comes to teaching their kids about money, define the concepts of assets and liability and create an individual strategy to become secure, comfortable and rich.

Robert Kiyosaki, the author of the book, challenges the way society thinks about money and assets. His perspectives tend to contradict conventional financial theories; however, he has earned himself and his book a reputation of straight talk. The book is “dedicated to all parents everywhere, a child’s most important teacher” and is a great starting point for anyone wanting to take control of their financial future as well as their children’s.

Think and Grow Rich

Funnily enough, this book was actually written in 1937 by a man named Napolean Hill. Despite the old-timeliness of this book, its teachings still strand strong within today’s modern context. Hill wrote the book in the midst of the depression after interviewing about 500 successful business men and finding that they all shared a relentless desire to achieve their goals. It’s thought that Think and Grow Rich launched both the self-help and get-rich book genres and if one were to wholeheartedly embrace the book, it would indeed help them grow rich.

This book has been read and followed religiously by the Oprah Winfrey and encourages persistence, faith, autosuggestion and imagination that will help you control your financial mind. The term ‘rich’ in this book doesn’t only focus on financial richness but also being rich spiritually and socially. The term, to Hill, is more about focusing on one’s goals and achieving success in being happy.

Despite the age of the book, it is easy to read and the language used is clear and easy to follow.

Making Money

If your finances are a little out of control then this is one of the best finance books you can read.  This book by Paul Clitheroe is all about helping you increase your wealthy, maximise the benefits of investments you already have, and become smarter with your money in general. It is a basic introductory book to saving money and is really easy to follow.

It explains the basic process to follow in order to get your finances in order and start saving money. If you’re just getting into to your finance books then this book is a great place to start. It will give you a clear idea of the first moves you need to make to map out your financial goals and figure out the best way to reach them.

This book is also great if you’re struggling with debt as it provides a guide on how to clear that debt sooner than you thought possible. Tips in this book also include how to get on top of your credit cards and how to make your own money go further. Making Money is one of the good finance books for beginners and definitely worth the read.

The best finance podcasts to listen to

Now that you have 6 awesome finance books to bury your nose in, why not increase your money knowledge by listening to few of the best financial podcasts out there. These are especially great if you’re not much of a reader and finance books aren’t overly suited to your interests. So, here are some of the best finance podcasts to listen to.

The Investors Podcast: We Study Billionaires

If you thought that financial podcasts couldn’t be fun and entertaining, you were wrong. This podcast is entertaining, educational and very insightful. It constantly breaks down complex investing and business scenarios into the most understandable way. The hosts, Preston Pysh and Stig Broderson, like to explore interesting ways to invest and live better and get more joy from your life.

Their audience tends to remain consistently informed, engaged and impressed throughout every episode. So, if you’re more of a listener, rather than a reader, and you like to get a bit of entertainment out of your finances, this is the podcast for you.

Listen Money Matters

Andrew Fiebert and Thomas Frank are the type of guys you’d want to go and hang with at a bar. They’re young, fun and hip and they host one of the best finance podcasts in Australia. They offer awesome advice from how to make your money for you, instead of you working for it, to how to avoid bank scams, to saving money the right way. Their delivery of this advice is really down-to-earth and easy to understand. Their discussions are clear and well-rounded and they have a knack for motivating their audience to get on top of their finances. Another fun and education podcast that you should definitely get listening to.

Money Girl’s Quick and Dirty Tips for a Richer Life

This podcast is great for tips on money management and financial investments. If you’re looking to learn more about the power of the money that you earn and how to save as well as invest your money, give this podcast a go. Again, the content is really clear and easy to understand and all the topics touched on are relevant and very helpful.

Money Girl also touches on topics like tax reform, simplifying your finances, committing to a healthy financial life and realistic ways to save money. Her advice is practical and timely and she acts your very own free financial advisor. Another one not to miss!

Have you got bad credit? Let us help.

Now that you have some of the best finance books to read and some really entertaining finance podcast to listen to, you should all be money geniuses in no time! If any of you have your own favourite finance books or podcasts that your and listen to, we’d love to hear about them! Get in touch either via our website or Facebook page!