The Best Personal Finance Books – According to 38 Personal Finance Bloggers

by Ryan

Is there such as thing as a “best personal finance book?” I was curious what many of the personal finance bloggers thought of the many personal finance books available so I took a short poll asking over 100 bloggers “what’s the best personal finance book?”

When the results came back 38 bloggers responded and I was a bit surprised by the results.

Of the 38 responders there were 28 different books listed!

I’ve graphed any books that received 2 or more votes. From the graph it’s obvious that there’s no landslide winner, but the most popular book with four votes was Your Money or Your Life.

Any book that received only one vote can be found at the list on the bottom of the page.

Best Personal Finance Books

The 6 books that received two or more votes were:

Your Money or Your Life

Your Money or Your Life9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence

Vicki Robin and Joe Dominguez

Bloggers who liked this book:
My money blog, Frugal dad, Money under 30 and Free from broke

The Four Hour Workweek

Four Hour Work WeekEscape 9-5, Live Anywhere, and Join the New Rich

Timothy Ferris

Bloggers who liked this book:
The financial blogger, Saving to invest and Passive family income.

Total Money Makeover

Total Money MakeoverA Proven Plan for Financial Fitness

Dave Ramsey

Bloggers who liked this book:
Money saving mom, Christian pf and Financially poor.

How to Get Rich

How to get richOne of the World’s Greatest Entrepreneurs Shares His Secrets

Felix Dennis

Bloggers who liked this book:
Nev blog and Monevator


The Four Pillars of Investing

Four Pillars of InvestingLessons for Building a Winning Portfolio

William Bernstein

Bloggers who liked this book:
Oblivious investor and Five cent nickel

The Wealthy Barber

Wealthy BarberEveryone’s Commonsense Guide to Becoming Financially Independent

David Chilton

Bloggers who liked this book:
Financial Highway and Million dollar journey

Is There Such a Thing as a “Best” Personal Finance Book?

I honestly thought there would be a bit more agreement on a book, but based on the responses it became apparent that there’s really not one personal finance book that can lay claim to the “best.” Since personal finance is such a deep topic that affects people on different levels each book hits each person differently. Just like each financial plan is different, each book is tailored to different audiences.

What’s the best personal finance book for you?
It’s really going to depend on your goals and what you want to get out of the book. If you want a deeper understanding of how money affects your life and motivates you then go for Your Money or Your Life. If you’re interested in growing your own business and want to become more productive, then perhaps you should consider the Four Hour Workweek.

There’s probably not going to be one best book to recommend, but I would say that you should at least read a couple on the list since these bloggers do happen to know what they’re talking about. Each book you read will probably teach you at least one new thing, which is point, especially if that one idea saves or makes you thousands during your lifetime.

It doesn’t matter which book you start with, just start reading and learning more about personal finance.

Honorable Mentions

The rest of the books that were mentioned, but only received one vote included:

Art of the Deal recommended by Maximizing money
Control Your Cash recommended by Len Penzo
The Millionaire Fastlane recommended by Personal dividends
Debt Free U recommended by Cheap scholar

Does this make my assets look fat? recommended by The centsible life
Generation Earn recommended by Lazy man and money
How to Stop Worrying and Start Living recommended by Wealth pilgrim
I Will Teach You to be Rich recommended by Budgets are sexy

Living More With Less recommended by Frugal for Life
Money 911 recommended by The wisdom journal
Never Eat Alone recommended by Studenomics
Rich Dad Poor Dad recommended by Brip blap

The Automatic Millionaire recommended by PT money
The Bible recommended by Debt free adventure
The New Coffeehouse Investor recommended by Bible money matters
The Intelligent Investor recommended by Money smart life

The Millionaire Next Door recommended by Cash money life
The Quiet Millionaire recommended by Moolanomy
The Richest man in Babylon recommended by Bargaineering

The Tightwad Gazette recommended by The frugal girl
The Tipping Point recommended by Almost frugal
You Can Negotiate Anything recommended by Sweating the big stuff

What do you think is the best personal finance book?

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{ 11 comments… read them below or add one }

Craig January 19, 2011 at 9:46 am

Very interesting to see what books are listed and who recommends them! There are certainly a few I need to catch up on.

lovely leverage January 19, 2011 at 9:50 am

Of course, I haven’t read all the aforementioned books. But the book that changed my life is Rich Dad Poor Dad (series). The one that keeps me grounded is The Millionaire Next Door.
I think the road to financial freedom is not about following a given strategy but having a certain mindset. Most of us are hard-wired to think about money in a certain way, but once we begin to think like a millionaire we will become one.
lovely leverage´s last blog post ..My Own Retirement Plan Without RRSP

Len Penzo January 19, 2011 at 10:05 am

Wow. That is a very interesting survey, Ryan! If anything, the wide variety of books picked by those surveyed just goes to show there’s no shortage of advice out there.

When it comes right down to it, most of these books all give out pretty much the same advice — it all comes down to how you like it delivered to you. The ones listed do it better than most other books that may have been left off the list.

All the best,

Len
Len Penzo dot Com

MD January 19, 2011 at 10:49 am

This is a comprehensive list. I’ve ready many of these books. There’s a few that I need to check out soon. I’m taking a month break from reading. I think I’ve read enough and it’s now time to produce more!

I might grab the Wealthy Barber for my next trip. How to get rich also has a great title.

Pete January 19, 2011 at 11:09 am

Lots of good books there, I mentioned the coffeehouse investor above, but the Millionaire Next Door and other books by Thomas J. Stanley are great too. Great look at dome of the books out there!
Pete´s last blog post ..Tips For Self-Preparing And Filing Your Income Taxes

Kris January 19, 2011 at 2:11 pm

Awesome list of books, this would be exactly what I’ve been looking for! Probably similar to many people, one of my 2011 resolutions was to finally get my finances organized and figure out what to do with my money. I’ve still got a long life ahead of me and I want to be sure I’m frugal enough when I’m young to be able to retire young and comfortable.

Thanks again for the list and it will definitely help me out in choosing some reading/guidance material!

Monevator January 19, 2011 at 3:31 pm

Of the picture books, I’ve read 3 of them and the were all super. Great list.

Ryan January 24, 2011 at 12:27 am

Thanks for putting the time into this – it makes for a fun and interesting read. There are quite a few books on this list I haven’t yet read, so I’ll definitely book mark this for future reference. :)
Ryan´s last blog post ..Will Your Tax Return Be Flagged for an Audit

Jane Sanders January 31, 2011 at 3:37 pm

Great list of books, Ryan. When I first heard of the 4-Hour Workweek book I immediately went to the bookstore to buy it. It’s a great book but the Millionaire Next Door is the book that actually changed my outlook on money.

me in millions February 24, 2011 at 4:23 pm

Hands down, The Millionaire Next Door is the best one. It totally changed how I think about money and how I view other people and their finances.

Graham Lutz March 21, 2011 at 4:05 pm

I’m surprised the list was not much bigger. I’d think 38 people would have 38 different books that they think are best.

Personally, I love me some Tim Ferriss and Dave Ramsey, oddly enough.
Graham Lutz´s last blog post ..technorati

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