It should come as no surprise that we in the financial blogosphere spend a great deal of our time reading about money, finance, budgets, investing, and economics. A recent poll of finance bloggers on FaceBook generated a truly epic list of great books about money. Here are the five most popular books among FinCon bloggers:
Many bloggers listed this as the best finance book they had ever read. Doug Nordman stated that this book “was the first (and one of the very few) books to give me a financial ‘whoa’ reaction. It was one of the first finance books to focus on lifestyle over money. I’ve been poor and I’ve been rich, but ‘enough’ is way better.” Glen Craig concurred: “The book has you take a look at not just your money but you lifestyle to see why certain things hold value for you.” Jackie Beck described Your Money or Your Life as being the book that “literally changed the way I looked at money overnight.” This book was also a favorite for Anna Newell Jones and Long Pham.
The Millionaire Next Door
This is another popular book among bloggers. Peter Anderson describes this book, which shows that millionaires don’t look like Thurston Howell, III or Carlton Banks, as very eye opening! Glen Craig likes that this book “dispels the myth that wealth means fancy cars and big houses.” And Carrie Cantazaro Rocha stated that this book “helped my husband and me reframe our thinking about what a ‘wealthy li really is.”
The Automatic Millionaire
This book focuses on the importance of paying yourself first. Phil Taylor described this book as having the biggest impact on him: “I started using his automation tactics on all of my financial life and saving (i.e. paying myself first) has been happening consistently ever since.” And according to Eric Rosenberg, “This book is part of what inspired me to start writing about money.”
The Millionaire Fastlane
Miranda Marquit and Phil Taylor both recommend this book, which explains how to get in the fast lane to wealth. According to Miranda, “the author is amusing, and he takes an interesting approach to personal financial responsibility.”
Stop Acting Rich
J. Money recommends the book I Will Teach You to Be Rich: “Not only is it full with great (and practical!) information, but it’s funny as hell. And it’s definitely not like all those typical books out there, which is why I find it sticks out.”
Karen of Money Saving Enthusiast says that Fight For Your Money is one of her favorites: “It explains how to save thousands of dollars by not getting ripped off on all types of purchases. He shares many secrets on how to get deals that businesses don’t want you to know about. He also explains how to avoid being taken when it comes to everything under the sun. Purchases both big and small like cell phone contracts, car purchases, cable bills, 401K plans and more are covered in this book. He even shows examples of what work for him. He’s good at getting nice hotel rooms at a decent rate. I think I want to reread his book now.”
Andrea Travillian has two favorites: The Millionaire Mind by the author of The Millionaire Next Door, and A Random Walk Down Wall Street. Ben Edwards got a lot out of Why Smart People Make Big Money Mistakes: “The authors explain the underlying reasons that you make bad decisions when it comes to money and they also give suggestions on how you can try to break these behavioral patterns.”
Carrie Smith really enjoyed The Debt-Free Spending Plan: “The author makes some excellent points about our mindset with money, and also shares actionable tips on making budgets that fit into our lifestyle of living debt-free. Highly recommend!”
What’s the best money book you’ve ever read? Which of these books will you be adding to your reading list?