Best Personal Finance Books To Read In Your 30's - Frugal Beautiful (2024)

FAQs

What's the best personal finance book? ›

1. The Only Investment Guide You'll Ever Need, by Andrew Tobias. If you are truly just starting out in your investing journey, this book is a great place to start. You'll learn tips on how to save and invest for your future and get excellent advice on what to avoid in the financial world.

Earning and saving takes much more work than simply reading a book, but the information written by experts can assist in the discipline and self-control it takes to grow your bank accounts. Often, readers prefer fiction novels or classic reads as opposed to financial wellness books.

#1 Don't Spend More Than You Make

When your bank balance is looking healthy after payday, it's easy to overspend and not be as careful. However, there are several issues at play that result in people relying on borrowing money, racking up debt and living way beyond their means.

It says your total debt shouldn't equal more than 20% of your annual income, and that your monthly debt payments shouldn't be more than 10% of your monthly income. While the 20/10 rule can be a useful way to make conscious decisions about borrowing, it's not necessarily a useful approach to debt for everyone.

Which is the most sold finance book in the world? Rich Dad, Poor Dad by Robert T. Kiyosaki is the best-selling finance book in the world. It has been translated into several languages and sold in many countries.

Listening to podcasts and reading books about specific areas of finance that interest you help break down more complex financial topics and speed up the learning process. There are also many paid and free courses out there that offer courses in different areas of finance and investing.

Millionaire books can provide expert financial advice on how to become wealthier. Some of the highest-rated millionaire books include "The Simple Path to Wealth" by J.L. Collins, "The Millionaire Fastlane" by M.J. DeMarco and "The Bogleheads' Guide to Investing" by Taylor Larimore, Michael LeBoeuf and Mel Lindauer.

What company will pay you $200 for every book you read? ›

In good news for—likely every reader on this website, a company called WordsRated is looking for “Bibliofile-at-large” (i.e. contractors) to… read books for them. For every book you read, they'll pay you $200.

Warren Buffet

It is said that Buffet read the book many times before he made his investment in the stock market. Even today, Buffet still recommends the book to other investors. Warren Buffet spends around 80% of his time reading. And he also recommends books to read in his annual shareholder letters.

Becoming rich isn't about luck, it's a lot of hard work and there's one thing these millionaires all have in common - they're avid readers. On average, a millionaire reads 4 books a month which totals to an average of 52 books a year, helping them grow and build their empire.

In fact, the average number of books read by a CEO is 60 books per year, or five books each month. “What I know for sure is that reading opens you up,” says Oprah, “It exposes you and gives you access to anything your mind can hold. What I love most about reading—It gives you the ability to reach higher ground.”

The field of finance offers more career choices but also less predictability. In some cases, careers in finance might offer higher pay. Careers in accounting can offer more predictable and stable work but less pay in many cases.

Dave Ramsey is the founder and CEO of the company Ramsey Solutions, where he's helped people take control of their money and their lives since 1992. He's also an eight-time national bestselling author, personal finance expert and host of The Ramsey Show.

There are many tools available to help you track your spending. One popular option is using a budgeting app. You can also use a spreadsheet or get to basics by using a pen and paper. Whatever method you choose, make sure it's something you'll stick to and is easily accessible.

While traditionally used for small business accounting, QuickBooks can also be a robust personal finance management tool. It can help you track income and expenses, categorize transactions, create budgets, and generate financial reports.