I’m always on the hunt for reading material that will teach me about money and maybe even change my financial mindset. Although I’m a huge fan of podcasts and blogs, my favorite way to absorb new information is books.
For recommendations, I turned to some of my favorite personal finance bloggers. If the experts learned from these books, we undoubtedly can too.
9 best money books you should read right now
Here are some excellent money books you should add to your reading list.
1. You Are a Badass at Making Money by Jen Sincero
Best for: Changing your attitude about money
“It’s not so much about making money as it is unlocking your money mindset and overcoming negative money beliefs. I’ve worked through it and have seen a huge shift in my own mindset.
“After listening to the audiobook, I went out and bought the hardcover so I could use it as a workbook.”
Carrie Smith Nicholson | Careful Cents
2. The Money Class by Suze Orman
Best for: Managing money and family
“This book is one part inspiration to get money savvy and nine parts solid financial advice. It covers just about everything — savings accounts, home ownership, investments, insurance, running a business, student loans, retirement planning, and oh so much more — in exquisite detail.
“Thanks in no small part to the real money lessons I’ve learned from this book, I feel confident that my family is making smart choices about the money we choose to spend, the home we were able to buy, the business we launched, the retirement savings to which we’re contributing, and the plans we’re making for our son’s future.”
Megan Nye | Prioritized Living
3. Millionaire Teacher by Andrew Hallam
Best for: Learning about smart investing
“It’s probably the only other book I’ve devoured and then become absolutely obsessed with aside from the first Harry Potter book (yes, I’m a major nerd).
“If you want to learn how to grow your wealth on an average salary through frugal living and index fund investing, this book needs to be put on your reading list now!”
Jessica Moorhouse | JessicaMoorhouse.com
4. The Automatic Millionaire by David Bach
Best for: Inspiring you to finally save money
“Before I read this book, I struggled to save consistently, even with a solid income. Bach’s book focused on what was most important: paying myself first and doing it with a foolproof system that virtually guarantees financial success.
“Nothing is more important in personal finance than an ability to save a big percentage of your income.”
Philip Taylor | PT Money
5. The Total Money Makeover by Dave Ramsey
Best for: Crushing your debt
“I know not everyone agrees with everything he has to say, but the basics he covers in this book are a great place to start with getting your finances in order. It definitely helped give me the kick-start I needed to build my mini-emergency fund and start paying off debt!”
Kayla Sloan | KaylaSloan.com
6. The Money Book for the Young, Fabulous & Broke by Suze Orman
Best for: The young and fabulous, of course
“Its approach is more commonsense tough love, which I really needed. I had a very bad relationship with money and never saved because I didn’t know why I should. This was the first book that broke through and explained exactly why saving and investing were important.
“It’s also practical: Orman acknowledged the fact that many in my generation have student loan debt and discussed how you could (and should) save and invest while paying it down.”
Melissa Berry | Sunburnt Saver
7. The Richest Man in Babylon by George S. Clason
Best for: Timeless advice for growing wealth
“This is always the first book I suggest because it has all of the tenets for a successful financial life.
“Although it reads like a Shakespearean play and was written a long time ago, the lessons in the book are just as true today as they were back then. I still read it every year as a way to reset.”
Tiffany Aliche | The Budgetnista
8. The Millionaire Next Door by Thomas J. Stanley and William D. Danko
Best for: Reminding you to live frugally
“This was one of the first books that got me interested in personal finance and really taught me that appearances can be deceiving.
“Every time I want to upgrade my clothes, house, or car, I remember the lessons I learned in The Millionaire Next Door.”
Cat Alford | CatherineAlford.com
9. Get a Financial Life: Personal Finance in Your Twenties and Thirties by Beth Kobliner
Best for: When you’ve just graduated college
“It’s geared a bit more towards the younger generations, but the strategies and concepts discussed can be helpful to just about anyone.
“It talks about such topics as handling debt, effective tax management, and the financial aspects of owning your first home.”
Andrew Schrage | Money Crashers
Personal finance doesn’t have to be complex or mystifying. By finding and reading the works of authors who speak to you, you’ll create a solid base of money knowledge that will empower you for years to come.
Interested in refinancing student loans?Here are the top 6 lenders of 2018!
|Lender||Variable APR||Eligible Degrees|
|Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 6.97% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of Month/Day/Year, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 08/21/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at email@example.com, or call 888-601-2801 for more information on ourstudent loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
2 Important Disclosures for Laurel Road.
Laurel Road Disclosures
APR stands for “Annual Percentage Rate.” Rates listed include a 0.25% EFT discount, for automatic payments made from a checking or savings account. Interest rates as of 11/8/2018. Rates subject to change.
Variable rate options consist of a range from 3.27% per year to 6.09% per year for a 5-year term, 4.64% per year to 6.14% per year for a 7-year term, 4.69% per year to 6.19% per year for a 10-year term, 4.94% per year to 6.44% per year for a 15-year term, or 5.19% per year to 6.69% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rate will change on the first day of every month (“Change Date”) if the Current Index changes. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 0.98% to 3.80% for the 5-year term loan, 2.35% to 3.85% for the 7-year term loan, 2.40% to 3.90% for the 10-year term loan, 2.65% to 4.15% for the 15-year term loan, and 2.90% to 4.40% for the 20-year term loan, respectively, to the 1-month LIBOR index published on the 25th day of each month immediately preceding each “Change Date,” as defined above, rounded to two decimal places, with no origination fees. If the 25th day of the month is not a business day or is a US federal holiday, the reference date will be the most recent date preceding the 25th day of the month that is a business day. The monthly payment for a sample $10,000 loan at a range of 3.27% per year to 6.09% per year for a 5-year term would be from $180.89 to $193.75. The monthly payment for a sample $10,000 loan at a range of 4.64% per year to 6.14% per year for a 7-year term would be from $139.65 to $146.76. The monthly payment for a sample $10,000 loan at a range of 4.69% per year to 6.19% per year for a 10-year term would be from $104.56 to $111.98. The monthly payment for a sample $10,000 loan at a range of 4.94% per year to 6.44% per year for a 15-year term would be from $78.77 to $86.78. The monthly payment for a sample $10,000 loan at a range of 5.19% per year to 6.69% per year for a 20-year term would be from $67.05 to $75.68.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
3 Important Disclosures for SoFi.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.28% effective October 10, 2018.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.47% – 6.99%3||Undergrad & Graduate|
|2.46% – 6.97%1||Undergrad & Graduate|
|2.57% – 8.44%4||Undergrad & Graduate|
|3.05% – 6.47%2||Undergrad & Graduate|
|2.50% – 7.24%5||Undergrad & Graduate|
|2.79% – 8.39%6||Undergrad & Graduate|