5 Personal Finance Books For Beginners To Read NOW!

There is no better time than the present to start your personal finance journey!

I want to make something clear from the start, I’m by no means claiming to be an expert on anything in the financial realm.

The goal of making a list like this is actually for a different reason:

Personal finance and investing are currently points of interest for many (and this includes me). However, when I started on my journey, I found it to be incredibly difficult to find dependable and trustworthy advice! There are just so many different opinions on the best way of going about personal finance. Being able to sort through differing opinions is usually a great thing, but I found the financial world to be one full of nefarious advice.

Many “experts” claim that if you follow their simple plans, you will quickly accumulate wealth and gain financial freedom. Yet, this rhetoric is usually just an illusion. These types of self-proclaimed gurus are usually just interested in getting you to buy their overpriced guides or training programs.

With all of this in mind, this list will be focused on providing books that will give you an overview into the world of personal finance.

Picture of stock tickers

Here are five of my favorite beginner personal finance books:

1. A Beginner’s Guide to the Stock Market (2019)

This book introduces its readers to many of the important concepts related to investing. “A Beginner’s Guide” is well written and straight to the point. It doesn’t have the fluff that you typically see in intro books!

This book is great for:

Beginners, General Advice, General Strategies

2. A Random Walk Down Wall Street (2007)

A random walk down Wall Street

This book is considered by many to be a “classic” in the personal finance and investing realm. This book is excellent at providing an overview of the stock market and the different types of investors/investing strategy

This book is great for:

Introduction to Finance, Introduction to Stock Market, General Investing Strategies

3. The Little Book of Common Sense Investing (2007)

The Little Book of Common Sense Investing

Jack Bogle is one of the most influential voices in the personal finance realm. Vanguard, the company Bogle founded, is one of the two largest mutual fund organizations in the world. In this book, Bogle provides a complete guide towards making sensible investments.

This book is great for:

General investing strategies, introduction to stock market, sensible investors

4.The Bogleheads’ Guide to Investing (2007)

The Bogleheads' Guide to Investing

Similarly to the previous book, “The Bogleheads’ Guide to Investing” follows the advice of John C. Bogle. However where this book shines, it that it provides a more in-depth strategy. For me, this book did everything a financial planner would do (without having to pay the high fees of the planner)!

This book is great for:

Intermediate investing strategies, more in-depth strategies

5. The Psychology of Money (2020)

The Psychology of Money

In this book, Housel is able to capture the part of financial literacy that is often left out, the human nature behind our decisions. The best way to describe it is that it is about life first, then finances second. A great read to further complete your understanding on the subject.

This book is great for:

Financial literacy from a new perspective

Well, that’s it! I hope you enjoyed this list of 5 beginner personal finance books. Outside of this list, I recommend continuing to learn about as many different investing styles as you can, so you can find the one(s) that resonates with your financial goals!

Have you read any of these books before? What is your favorite personal finance book?

Leave a Comment