6 Finance Books That Won't Put You To Sleep
Despite how important the topic of finance is, most people wouldn’t label it as particularly fun to learn about. Books about money tend to be dry and boring - or at least that’s the reputation they have.
Recent years have seen a number of authors publish books about finance that are aimed at the average reader, and luckily for us these authors have made them not only informative and useful, but engaging as well!
This review will take you through several great books about money, and you can rely on these titles to both educate and entertain.
The Psychology of Money by Morgan Housel
We usually think of finance as more of a skill than an emotional matter, but researchers have found that money is one of the most intense influences on our feelings, views, and behaviors throughout our lives.
In The Psychology of Money, finance columnist and researcher Morgan Housel explores the many ways in which our beliefs and feelings toward money impact our lives. He delves into issues like unhealthy relationships to our finances, how our beliefs and understandings about money form, the many angles from which culture and social groups influence the way we behave toward money, and more.
Drawing on years of cutting-edge research and plenty of engaging anecdotes, Housel leads you on a journey that will have you thinking about money in a whole new way.
If you’ve ever wondered why some people are cheap while others are extravagant, why some experiences with money leave a pit in your stomach while others feel almost euphoric, or how you can shift your relationship with your finances to be healthier and more productive, this is the book for you!
A Random Walk Down Wall Street by Burton G. Malkiel
If you’ve spent any length of time in the world of stock investing, you’ve likely heard of the random walk hypothesis. This theory of long-term investing was popularized by author Burton G. Malkiel in A Random Walk Down Wall Street, and the book remains a classic for many finance readers to this day.
Each chapter of this book builds upon the others, and Malkiel takes the time to examine, critique, and analyze many of the major trends and investment strategies that define our ideas about stocks, profit, and risk.
He communicates these often-complicated concepts in an engaging, easy-to-read format that shines a light on the difference between investing in trends vs. investing in the dependable, long term markets that are the most statistically likely to improve your results.
As an economics professor, Dr. Malkiel has had years of experience in dissecting the patterns, common ideas, and the concepts we take for granted when it comes to stocks and investing. In A Random Walk Down Wall Street, he puts his expertise into layman’s terms and gives you a new and effective way to view the market - and cash in on it.
The Little Book That Beats The Market by Joel Greenblatt
While it’s important to be wary of “magic formulas” and investment strategies that are being peddled as permanent rather than based on a shifting market, The Little Book That Beats The Market goes beyond the formula outlined in it and represents a classic source of inspiration and understanding for those interested in investment.
Through this original book and its newer iterations, Joel Greenblatt has been the impetus for many investors and enthusiasts to take on stocks and develop a lifelong love for “the game” of investing.
This book is simple, straightforward, and easy to understand. The author initially wrote it to explain the stock market to his kids, and it’s easy to see that influence in the down-to-earth way that Greenblatt approaches complex topics.
If you’re looking to gain a baseline understanding of stocks and investing, or if you want to feel the magic that develops when you begin to invest for the first time and see results, this book is the perfect read.
Consider this classic your gateway to investing, and you can’t go wrong!
Broke Millennial by Erin Lowry
It’s unfortunate that one of the stereotypes hanging over millennials’ heads is that of the “broke millennial,” but this tends to be the case - and there’s some truth behind it, too.
Millennials tend to be less financially stable as well as less fiscally educated than prior generations. This doesn’t need to be the case, and Erin Lowry tackles the problem head on, with humor, actionable advice, and real, useful anecdotes that allow both millennials and their allies to reframe their relationship with money and pursue a more successful financial future.
In Broke Millennial, you learn about the common anxieties that younger adults face when dealing with their finances.
Hurdles like student loans, retirement planning, health insurance costs, and financial communication skills are all covered in this engaging, often hilarious little book, and it’s a great weekend read for anyone who is of the millennial age or happens to care about a millennial and the future of their money.
Rich Dad, Poor Dad by Robert T. Kiyosaki
This classic of the financial genre is a perennial favorite for good reason. When it comes to financial self-help and the art of managing your money, it’s hard to beat author Robert Kiyosaki and his timeless advice.
In Rich Dad, Poor Dad, Kiyosaki uses the trajectory of his own life to highlight the basics of good financial management and the core principles of financial prosperity.
If you want an engaging refresher course on money management, or if you’re simply looking for an entertaining non-fiction book to read, Rich Dad, Poor Dad is one of the best titles out there. Twenty-four years after its initial publication, this book still inspires millions of readers to pursue a better tomorrow when it comes to their money and their financial literacy.
Give it a read, and it’s likely to become one of your shelf staples, too!
Your Money Or Your Life by Vicki Robin
Vicki Robin is known for putting the “personal” in personal finance through her empathetic, knowledgeable, and actionable advice on the topic of money and your relationship with it.
In Your Money Or Your Life, Dr. Robin explores the ways in which money often controls us and contributes to our unhappiness in life, rather than fostering more happiness and better experiences to enjoy with our loved ones.
This book isn’t about the technicalities of money - though it does have plenty of advice on things like debt and savings. It takes money deeper, rooting out the core principles of how it “works” for us and within us, and by the end you’ll feel wiser, less burdened, and more comfortable with your financial life.
Whether you’re a finance pro or an entry level beginner, Your Money or Your Life will give you a new, healthier perspective on money and will start you on a path to financial fulfillment.
Tarun Juneja, Firm Principal, Foumberg, Juneja, Rocher & Co.
Emily Montague | 06/08/2021