According to a recent report, about three-quarters of Americans are living paycheck to paycheck, highlighting the need for financial education in our society. It’s essential to educate ourselves on personal finance matters to achieve financial stability and build a better future for ourselves, and reading books is a great way to start. In this article, we bring you the top 10 best personal finance books you must read in 2021 that can help you achieve your financial goals.
1. “The Total Money Makeover” by Dave Ramsey
Dave Ramsey’s “The Total Money Makeover” is a must-read for anyone looking to get their finances back on track. This book provides you with a step-by-step guide on how to create a budget, pay off debt, build an emergency fund, and start investing for the future.
2. “Rich Dad Poor Dad” by Robert Kiyosaki
Robert Kiyosaki’s “Rich Dad Poor Dad” is a personal finance classic that everyone should read. This book explains how the rich think differently about money compared to the middle class and poor. It provides you with valuable lessons on how to build wealth and create financial freedom.
3. “The Psychology of Money” by Morgan Housel
“The Psychology of Money” by Morgan Housel is an excellent read that delves into our relationship with money. This book explores how our beliefs, biases and emotions impact our financial decisions and provides insights on how to make better financial decisions.
4. “The Simple Path to Wealth” by JL Collins
“The Simple Path to Wealth” by JL Collins is a great book for those looking to learn about investing. This book explains how to build wealth through low-cost index funds and provides valuable insights on how to achieve financial independence.
5. “Your Money or Your Life” by Vicki Robin & Joe Dominguez
“Your Money or Your Life” by Vicki Robin & Joe Dominguez is a classic personal finance book that teaches you how to achieve financial independence and retire early. It provides a step-by-step guide on how to transform your relationship with money and achieve financial freedom.
6. “Broke Millennial” by Erin Lowry
“Broke Millennial” by Erin Lowry is an excellent resource for millennials struggling with financial issues. This book provides practical advice on how to budget, pay off debt and start investing for the future.
7. “The Little Book of Common Sense Investing” by John C. Bogle
“The Little Book of Common Sense Investing” by John C. Bogle is a must-read for anyone looking to invest in the stock market. This book explains how to build wealth through low-cost index funds and provides valuable insights into the world of investing.
8. “The Millionaire Next Door” by Thomas J. Stanley & William D. Danko
“The Millionaire Next Door” by Thomas J. Stanley & William D. Danko is an excellent book for anyone looking to learn the habits and behaviors of millionaires. This book provides a blueprint on how to build wealth through hard work, frugality and investing.
9. “Why Didn’t They Teach Me This in School?” by Cary Siegel
“Why Didn’t They Teach Me This in School?” by Cary Siegel is a great book for teens and young adults looking to learn about personal finance. This book covers essential topics such as budgeting, saving, debt, investing and insurance.
10. “The Automatic Millionaire” by David Bach
“The Automatic Millionaire” by David Bach is an excellent read for anyone looking to build wealth through automation. This book provides a step-by-step guide on how to automate your finances and build a secure financial future.
In conclusion, reading books is an excellent way to educate ourselves on personal finance matters and achieve financial freedom. The books listed above are some of the best personal finance books you must read in 2021. So pick up a book today and start your journey towards financial stability and success.
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