I am a huge reader. Reading is one of my favorite hobbies and a great way for me to unwind. Since I’m always looking for something new to read, I’ve found several great finance-related books that I love. Let’s talk about my favorite books that will change your finances!
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Broke Millennial by Erin Lowry
This is one of my favorite finance books because it is super relatable and easy to understand. The author, Erin, goes over all the need to know financial concepts in a way that makes them easy to follow and that doesn’t get immediately overwhelming. She tells her own personal financial hardships and the lessons she learned throughout this book and breaks down the exact steps to take to #gyflt (get your financial life together!). This is my top recommended book to other twenty-something women because it’s literally written for us, by one of us!
Rich Bitch by Nicole Lapin
The first time I read this book was when I was still in college. I really found it enjoyable because she doesn’t just dish out the same old financial advice most of us have heard. The author, Nicole Lapin, is a financial journalist and shares her real-life money struggles throughout this book. Her knowledge comes from her own experiences and all the financial advice she’s gathered over the years!
This book lays out a twelve-step program meant to be done over a year. She talks about the basics of managing money and how to create a plan that will help you reach your own goals based on your own situation. I think this is what makes it unique – her system doesn’t assume that everyone wants to or needs to stick to exactly the same plan.
The Total Money Makeover by Dave Ramsey
This is the guide to Dave Ramsey’s Baby Step system for paying off debt, saving money, and building wealth. In this book, he explains his straightforward, seven-step method for personal financial management. Dave Ramsey is a popular financial guru who doesn’t believe in debt. He filed bankruptcy early in his life and has spent the last few decades teaching others how he rebuilt his life and finances. You can listen to his podcast and radio show, The Dave Ramsey Show, to get an idea of his methods and personality.
If you are drowning in debt and need a simple step-by-step process to help you work your way out, this is the book for you. Dave’s method is what really kickstarted my financial journey. While I don’t follow Dave’s plan as strictly anymore, I would probably be in much worse financial shape today if I had never learned his method. This is a great read that will change the way you think about debt.
The Year of Less by Cait Flanders
I read this entire book on a plane ride for a work trip. I just couldn’t put it down! This is also the book that inspired the spending ban I challenged myself with, in the summer of 2019. The Year of Less documents Cait’s year-long spending ban and all the lessons she learned along the way.
If you are trying to change your spending habits or work on sticking to your budget, this is a great read that will change your perspective on what you purchase. Cait shares her specific spending ban rules, her struggles (with the ban… and with other things, like her sobriety), and how her ban evolved over the year as her life changed. It is a very emotional read, but I definitely think it’s great for anyone working on cleaning up their finances.
The Money Book for the Young, Fabulous, and Broke by Suze Orman
This is another book written by a financial expert specifically for the millennial generation. Suze Orman is probably one of the most well-known financial gurus, and in this book, she lays out the steps that she recommends if you’re young, fabulous, and broke!
I read this when I was in college, and if I had actually listened to her advice I wouldn’t be in the debt situation I’m in now! This is a great read that has real, helpful advice for cleaning up whatever financial situation you’re in.
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