7 BEST Personal Finance books

best Personal Finance books

7 BEST Personal Finance books for newbie earners:

Some people manage their money effectively and become financially independent and same spend more than they should and end up in debt. Just think you are in which category in financial matters?

As per the studies, about 70 percent of the newbie earners are of the second category, who spend more than or equal to they earn. So what this 70 percent can do to get a grip on their financial mistakes and make their money grow?

The only solution is to learn and educate yourself in financial planning using the best financial education books. Good personal financial books should give you a great start to your financial freedom. While there are lots of books in the domain of personal finance learning, which guides us on how to earn money, invest and spend effectively. Identifying a suitable book that applies to your own financial goals is a difficult task.

In this article, we have listed the 7 best personal finance books for financial education which can help you in your personal finance journey by clearing your monetary doubts.

  • The Intelligent Investor by Benjamin Graham.
  • Rich Dad Poor Dad by Robert Kiyosaki.
  • The Richest Man in Babylon by George Samuel Clason.
  • Think and Grow Rich by Napoleon Hill
  • The psychology of money” by Morgan Housel.
  • Money Master the Game: 7 Simple Steps to Financial Freedom by Tony Robbins.
  • Investment Planning by Ankit Gala & Khushboo Gala

Below listed books are the recommendations from many people around the world for newbie earners. Books in this article are listed on the basis of recommendations from the experts through their public domains.

Book 1: The Intelligent Investor.

Author :

“The Intelligent Investor” was written by Benjamin Graham, who is one of the most successful investors and investment advisers of the twentieth century. Mr. Benjamin Graham is a professional investor, economist, and also the college professor of the greatest investors of all time Warren Buffett. Mr. Benjamin Graham has considered the father of value investing.

Content overview:

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The prime concept of “The Intelligent Investor” book is “value investing”. This book shares the ideas of long-term strategies which help investors to keep the portfolio safe and solid. This book helps readers to understand the importance of evaluating and understanding the company’s fundamentals, or financial performance to identify the suitable company for successful investments.

The Intelligent Investor originally released in 1949 and later this book translated to many languages around the world. In this book, Graham explained in detail and with examples for a better understanding, the following.

  • Various principles and strategies for investing safely including share market investments.
  • Most of the principles mentioned in this book are still can be applied in day-to-day life.
  • Help the smart investor to achieve financial goals without taking bigger risks.

The intelligent investor by Benjamin Graham is considered the best-investing book of all time and there are many revisions that happened and now the latest edition of the intelligent investor is available on Amazon. The price of the intelligent investor is worth compared to the knowledge gained from it.

Book 2: Rich Dad Poor Dad.


Robert Kiyosaki is known as the best seller author. Robert Kiyosaki is an entrepreneur, investor, and educator to millions of people around the world who believes that each of us has the power to take control of our own financial future. Robert has also co-authored books with former President of the United States Donald Trump.

Content Overview:

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 Rich Dad Poor Dad by Robert Kiyosaki is considered the best personal finance book of all time. Through his books, he could change the way of thinking of millions of people around the world about money. Rich Dad Poor Dad is a financial book to read in your 20s and it is the best personal finance book for high school students.

Rich Dad Poor Dad is Robert’s story of growing up with two dads from his childhood, One is his real father, who is a professor and the other is the father of his best friend, who is a businessman. The book narrates the ways in which both fathers shaped his thoughts about money and investing it.

The real father teaches him that, he needs to learn and get a good job and earn a high income to be rich and his Friends Father teaches him that, he needs to learn how to make money work for him to make him rich. Rich Dad Poor Dad book explains the difference between money work for you and working for money. The real father is considered as the poor Dad and his friend’s father is considered as the rich Dad, on the basis of their thought process about money. Rich dad poor dad cashflow quadrant helps the readers to understand money in and outflow and which in turn help to manage it well and hence it is considered as the best books on money management.

Rich Dad Poor Dad by Robert’s story explains the following.

  • Importance of making money work for us to live the rich life we deserve.
  • Challenge the myth that one should earn a high income to become rich.
  • Question the myth about a house, who considers it as an asset, not a liability.
  • Book make the people understand the difference between an asset and a liability
  • Book teaches parents about what to teach to kids about money for their future financial success instead of depending on the school system to teach their kids about money

In many ways, the messages written two decades ago in the book Rich Dad Poor Dad, are more meaningful, relevant, and important even today. The book and its messages viewed around the world as a classic in personal finance for the newbie earners.

Book 3: The Richest Man in Babylon.


George Samuel Clason was born on 7th November 1874 in Louisiana, Missouri. He completed his education at the University of Nebraska. He published the first road atlas of Canada and the United States. In 1926, George Samuel Clason issued the first of a famous series of pamphlets on thrift and financial success. The book “The Richest Man in Babylon,” a parable taken from these old pamphlets.

The richest Man in Babylon

Content Overview

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The book “The Richest Man in Babylon” by George Samuel Clason is an ideal book to choose for those who have a lean purse and are looking for financial freedom. The Richest Man in Babylon is a best seller classic book and inspiring readers for generations and it is the best personal finance book for beginners. The richest man in Babylon original was 1926 edition and after that many revisions had happened and now the richest man in Babylon audio-book is also available

George s Clason’s the richest man in Babylon is based on a simple concept that “A PART OF ALL YOU EARN IS YOURS TO KEEP.”. Once you start keeping a part of your earning and use it to make money, you will start becoming rich over time.

The story narrates the life of a rich man, in Babylon, showing, how he become rich from his slave life in childhood. This book helps the readers to understand different basic principles of money-making skills, through the different incidence at different ages of the prime character’s life journey to the richest man of Babylon.

This book emphasizes the importance of saving a portion of our earnings to become wealthy. This collection of famous Babylonian parables help the readers to achieve timeless financial wisdom if the principles are followed. Book offers insights on how to become wealthy from whatever we currently earn and how to attract good luck to become more wealthy.

The book The Richest Man in Babylon is a perfect guide to understand finances and retain personal wealth.

Book 4: Think and Grow Rich.


Oliver Napoleon Hill born on 26th October 1883 was an American self-help author. Hill’s works ardor millions of people to improve one’s life. After graduated from high school Hill moved to Tazewell, Virginia, and attend business school there.

 Content Overview:

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 The book “Think and Grow Rich” by Napoleon Hill is always considered among the 10 best self-help financial books for young adults. This book provides the actionable techniques that can help one to get better at doing anything, in their respective fields, by that they can become wealthy.

In every chapter of this book, the author mentioned the money-making secret which can make the fortune to anyone, which all learned from different riches persons of his time. There are thousands of successful people who can vouch for the contents of this book.

  • The book details the answer to many fundamental questions that one bothered about the money-making skills.
  • This book is written on the base of information collected through the interview with the some of the wealthiest peoples in the world.
  • The author formulated thousands of answers collected over the interview, into concise principles which can practically implement and one can achieve unprecedented success.

The author narrated short stories with examples that help him to explain the concept in an engaging manner. This book is not a book that a person can use for one time reading, it is a guide, which one can refer to day by day for a stressful life.

Book 5: The Psychology of Money.


Morgan Housel is a former columnist at The Motley Fool and The Wall Street Journal. He is also a partner at Collaborative Fund. He completed his education at the University of Southern California. More than an author, he is a Professional Speaker & Decision Strategist.

Content Overview:

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The book “The psychology of money” by Morgan Housel shares 19 short stories exploring the different strange ways people think about money. This book helps readers to make better sense and decisions on the most important financial matters in personal and business life.

This book states, Timeless lessons on wealth and doing well with money isn’t necessary to have a successful financial future, It’s all about how you behave. As even to really smart people, the behavior is hard to teach, the book helps every reader to tune their behavior.

  • Morgan Housel’s The psychology of money book helps us to think about the drawback of making financial decisions at the dinner table, or in a meeting room, where personal history, ego, and pride play a big role than the data on a spreadsheet.

The morgan housel the psychology of money tells us the importance of how to make business decisions and manage money on the basis of mathematical calculations, where formula and data tell us exactly what to do.

Book 6: Money Master the Game: 7 Simple Steps to Financial Freedom.

Author :

Tony Robbins is an entrepreneur and best-selling author more than that, he was a life and business strategist. As an entrepreneur, he has more than twenty companies, and as a humanitarian, he is feeding more than 42 million people around the world. Robbins started his career in organizing seminars for Jim Rohn the motivational speaker.

Content Overview:

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Money Master the Game: 7 Simple Steps to Financial Freedom by Tony Robbins is a book that changes the lives of millions of people around the work. This book is written on the basis of extensive research and one-to-one interviews with more than 50 legendary financial experts of the world.

  • Tony Robbins, with his brilliant way of explaining a story help to illustrate most complex financial concepts into simple and actionable concepts.
  • Through this book, Tony Robbins helps the readers of every income level to create a lifetime income plan which helps to become financially free.

The Tony robbins 7 steps to financial freedom deliver invaluable information and practical steps help to master the money and make the financial future safe and secure.

Book 7: Investment Planning.


The Author Ankit Gala is a Leading Publisher of a book-related to Finance Skill Development and Investment. Khushboo Gala has been educating millions of Indians about Investing on the basis of his vast experience in the Indian Stock Market. Ankit Gala & Khushboo Gala have together authored books namely Investment Planning and Fundamental Analysis of Shares, which are the two best-selling books of the current time.

Content Overview:

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The book Investment Planning by Ankit Gala & Khushboo Gala is written in a simple and easy-to-understand language and it is one of the best books on making money and personal financial planning. The book starts from the basics and importance of investments and saving in banks and then proceeds to the need for insurance and then moves ahead and explains the main subject of investment.

  • The Investment Planning by Ankit Gala & Khushboo Gala narrates the different investment avenues; in that, it starts from low-risk avenues like bank deposits, PPF, Mutual Funds, and then move to high-risk avenues like Shares, Real estate, Commodities
  • The book Investment Planning by Ankit Gala & Khushboo Galahelps to understand the complicated task of stock investment into simple and easy to follow for the newcomers.
  • This book helps to select the best investment options which help in money management.

This book Investment Planning is a must-read book for those who want to build wealth over a period of time.

This book can be considered as an overview handbook for the new and existing investors and traders in a share market. This book helps you to develop a road map for wealth creation.


These 7 books listed above are the best personal finance books of all time which provide a piece of good knowledge on money management for beginners in saving, investing, and budgeting for securing the financial future and achieving financial Independence.

If you want to start investing and you are not sure where to start, how to start, then these 7 books are a perfect solution for you. These books help to avoid financial mistakes.

If you want to learn more about the stock market, we recommend you to check the 7 best investment books and best stock market books by Indian Authors.

So head over to your nearest bookstore or click the respective link for online buy, on the book which appealed to you significantly.

Also, share your thoughts in the below comment line, about these books or how you felt about these books, or if you have any other book in mind, which helps other fellow readers, who wish to become financially independent.

Thanks & Regards


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Harry J P is a Business development and sales professional passionate about sharing knowledge in the domain of sales, and personal finance which helps in Personal financial learning for newbie earners. This blog came out of the experiences in the domain of personal finance, business development, and the share market.

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