Personal Finance Author Ahmed Dawn Picks Best Personal Finance Books

Top Personal Finance and Money Books

First Published: November 11, 2009

If you are a novice in the personal finance world and would like to broaden your money management knowledge, a good start would be to kick off your reading with a few timeless personal finance books. But how should you pick the first few books to read considering there are thousands of books written and available on the topic of personal finance?

Today, to make your life little simpler, I will give you a list of my top picks – 5 simple and easy-to-comprehend financial books to kick off your financial journey. One point to emphasize – don’t stop reading after finishing these 5 books. Your financial well-being depends largely on your financial knowledge. Always continue reading more financial books and literature to enhance your personal finance knowledge. Read, learn, and follow your financial roadmap to become successful financially. A Dawn Journal will provide you with great and reliable information to help you go through your financial journey.

Basic personal Finance Books

1. Your Money or Your Life by Dominguez and Robin

A very different type of personal finance book. It will give you a new perspective on life, work, and money. By working for someone else, we are trading our precious time for money. You could spend this time with your family or doing something you enjoy, rather than working for someone else and making them rich. That’s why working for someone else is making a dying – it’s not making a living. The authors show in this book how you can gradually switch from making a dying to making a living. I encourage you to read my full review here: Your Money or Your Life – A. Dawn Journal Book Review

2. The Millionaire Next Door by Thomas Stanley & William Danko

This book reveals how ordinary people can achieve extraordinary financial success by living below their means and practicing discipline. True millionaires don’t spend, dress, or act like millionaires and they have not inherited wealth or won lotteries. You can be a millionaire too by making smart money decisions and following proven steps other millionaires take mentioned in this book.

3. The Automatic Millionaire by David Bach

There is no shortcut becoming a millionaire. All you need is to use common sense to cut unnecessary expenses, pay yourself first, and make your financial life automated. Bach shows how you can put your financial life on autopilot and reach your goals without spending hefty time on money management. Bach is the guy who coined the term “The Latte Factor®”. What is The Latte Factor®? It just simply means that you cut on unnecessary small spending everyday and save or invest them to reach your financial goals.

4. Getting Loaded: Get Ready, Get Set, Get Rich by Peter Bielagus

Is it possible to become financially successful just by saving a couple of dollars a day? Peter Bielagus shows how to do it in this simple yet insightful book, step-by-step. The author discusses all you need to know about money and how you can use time on your side to build a strong financial backbone. This book is specially recommended for young graduates who are just entering the workforce and to anyone else who wants to be financially strong without having lots of money.

5. Invest Now by A. Dawn

This is a beginner’s guide to show you step-by-step how you can start investing for the first time with very little money. Although Invest Now is written for Canadians, the procedures mentioned would work in any industrialized country. Invest Now is written in very simple and easy language – avoiding all financial jargon. A must-read for those who want to know how financial markets and products work.