3 Personal Finance Books That Won’t Bore You To Tears
Learning about personal finance is a challenge.
That’s why I’m reading almost every book about the topic I can get my hands on.
Now - there are tons of financial writers out there who share important but very boring financial stuff.
I hate financial lectures. But I do enjoy reading a good piece about money presented in a practical way that motivates me to improve and further strengthen my relationship with money.
That said, here’s a list of books that will help you deal with money without boring you to tears.
Written by Erin Lowry, this is probably the best book about money I’ve read so far.
A go-to guidebook on personal finance with everything from investing to splitting the check — packed with a lot of sarcasm, hilarious stories and actionable advice.
I recently checked in with Erin to learn more about her book and get her take on the biggest financial challenges Millennials face today.
“The way you handle money is primarily driven by your mental attitude toward it, which is shaped by a number of things, such as your relationship to future thinking, how your parents related to money, and your financial fears.”
2. Predictably Irrational by Dan Ariely
I’m a huge, huge fan of Ariely.
His trade is behavioral economics, which is the study of what people actually do when they buy or sell stuff, change jobs, get married and make other real-life decisions.
In Predictably Irrational, Ariely takes you deep inside your mind to expose the hidden motivations that are secretly driving your choices.
Plus, the book is filled with very curious anecdotes, pricing experiments and marketing strategies.
(Have you ever heard of the decoy effect? Even The Economist uses it to increase subscriptions.)
“We have problems with self-control, related to immediate and delayed gratification — no doubt there. But each of the problems we face has potential self-control mechanisms, as well. If we can't save from our paycheck, we can take advantage of our employer's automatic deduction option; if we don't have the will to exercise regularly alone, we can make an appointment to exercise in the company of our friends. These are the tools that we can commit to in advance, and they may help us be the kind of people we want to be.”
3. Rich Dad, Poor Dad by Robert T. Kiyosaki
I read this book by Robert Kiyosaki in one sitting.
It’s relatively short but very inspirational.
The title refers to the two main male influences that Robert had as a kid:
1) His educated father, the figurative “poor dad,” who worked at a steady job and lived paycheck to paycheck. 2) His “rich dad”, a middle-school dropout who ran a multitude of businesses and became millionaire.
Most of the story is about Robert learning from his “rich dad” about how to make money — and seeing how his “poor dad” made huge financial mistakes.
“Most people never study money. They go to work, get their paycheck, balance their checkbooks, and that’s it. On top of that, they wonder why they have money problems. Few realize that it’s their lack of financial education that is the problem.”
Bringing it all together
These three personal finance books are awesome for a simple reason — they’re both smart and practical.
I talk about Broke Millennial: Stop scraping by and get your financial life together by Erin Lowry, Predictably Irrational by Dan Ariely, and Rich Dad, Poor Dad by Robert T. Kiyosaki.
Learning about money doesn’t have to be overwhelming, and there really is no better time to start than right now.
At the end of the day, there’s only one person on this planet that will take care of you best. You.
So take the time to sit down and educate yourself. :)