Did you know the average American household carries an average credit card balance of more than $7,000 and more than half of American’s cannot afford a $400 emergency expense without going into debt?
If not, that’s ok; that means your normal. Nearly everyone has fallen victim to the ever-alluring credit card industry at one point or another. With so many options to choose from, many offering enticing rewards such as travel rewards, airline miles, and cash back. It’s no wonder that there are more than 1.4 billion open credit cards in the United States.
Did you also know that most small businesses fail within the first 5 years? According to data from the Bureau of Labor Statistics, as reported by Fundera, approximately 20% of small businesses fail within the first year. By the end of the second year, 30% of businesses will have failed and by the end of the fifth year, about 50% will have failed. And by the end of the decade, only 30% of businesses will remain — a 70% failure rate. More often than not these failures are due in part to financial missteps and debt.
If you are in one of those situations or know someone who is going through it you may be searching online for solutions. You will find everything from get rich quick schemes to internet guru’s selling side hustles promising fast results. Know that that if it sounds to good to be true, it probably is.
Personal finance and Business finance operate on the same principles and while we certainly don’t claim to be experts on finance, through the guidance of books along with perseverance and accountability NuWeb Marketing operates debt-free and this virtue holds true to our staff. We believe that the success to your business depends on your ability to manage your finances well within your business and in your personal life.
Below is a list of the top finance books that will not just solve the temporary problem but ultimately change your life, business, and legacy forever.
Disclaimer: The content in this article is for informational purposes only and you should not construe any such information or other material as tax, investment, financial, or any other advice. Should you need such advice, please contact a certified professional in the industry.
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The best personal finance books provide not only financial advice, but practical steps that you can take to change your financial situation.
Our top picks for the best personal finance books:
With The Total Money Makeover: Classic Edition, you’ll be able to:
“We buy things we don’t need, with money we don’t have, to impress people we don’t like.”
Includes new, expanded “Dave Rants” sidebars tackle marriage conflict, college debt, and more. All-new forms and back-of-the-book resources to make Total Money Makeover a reality.
In Love Your Life, Not Theirs, Rachel Cruze shines a spotlight on the most harmful money habit we have: comparing ourselves to others. Then she unpacks 7 essential money habits for living the life we really want – a life in line with our values, where we can afford the things we want to buy without being buried under debt, stress, and worry.
In Love Your Life, Not Theirs, Rachel shows you how to buy and do the things that are important to you–the right way. That starts by choosing to quit the comparisons, reframing the way you think about money, and developing new habits like avoiding debt, living on a plan, watching your spending, saving for the future, having healthy conversations about money, and giving.
In Retire Inspired, Chris Hogan teaches that retirement isn’t an age; it’s a financial number—an amount you need to live the life in retirement that you’ve always dreamed of. Whether you’re twenty-five or fifty-five, you can start now.
Chris will equip you with a plan to make your own investing decisions, set proper expectations with your family for retirement, and build a dream team of experts to get you there. You don’t have to retire broke, stressed, and working long after you want to. You can retire inspired!
In Everyday Millionaires, #1 national best-selling author Chris Hogan will show you how ordinary people built extraordinary wealth—and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible!
The book is based on the largest study EVER conducted on 10,000 U.S. millionaires—and the results will shock you! You’ll learn that building wealth has almost NOTHING to do with your income or your background! It doesn’t matter where you come from. It matters where you’re going.
Most of the truly wealthy in the United States don’t live in Beverly Hills or on Park Avenue. They live next door. At the time of its first publication, The Millionaire Next Door was a groundbreaking examination of America’s rich—exposing for the first time the seven common qualities that appear over and over among this exclusive demographic.
This edition includes a new foreword by Dr. Thomas J. Stanley—updating the original content in the context of the financial crash and the twenty-first century.
It’s been nearly 25 years since Robert Kiyosaki’s Rich Dad Poor Dad first made waves in the Personal Finance arena. It has since become the #1 Personal Finance book of all time… translated into dozens of languages and sold around the world.
Rich Dad Poor Dad is Robert’s story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
In the 20th Anniversary Edition of this classic, Robert offers an update on what we’ve seen over the past 20 years related to money, investing, and the global economy. Sidebars throughout the book will take readers “fast forward” — from 1997 to today — as Robert assesses how the principles taught by his rich dad have stood the test of time.
In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago.
In 1997, Robert’s book Rich Dad Poor Dad stunned readers stating, “Your house is not an asset.” As howls of protest went up around the world, the book went on to become an international bestseller and the #1 personal finance book of all time.
Rich Dad Poor Dad is not a book on real estate. It is a book about the importance of financial education. Rich Dad Poor Dad was written to prepare you and your loved ones for the financial turbulence Robert’s rich dad saw coming.
In 2007, as homes declined in value or were lost to foreclosure, millions of homeowners painfully discovered the wisdom of words of Robert’s rich dad. Today we are all aware that a home can be a liability. Today we know a home can go up or down in value. Today, we all know a person can lose money investing in the stock market. Today we all know our money can go down in value and that even savers can be losers.
This is why financial intelligence is more important today than ever before. In a world of financial turbulence, your best asset is financial IQ.
Investing means different things to different people… and there is a huge difference between passive investing and becoming an active, engaged investor. Rich Dad’s Guide to Investing, one of the three core titles in the Rich Dad Series, covers the basic rules of investing, how to reduce your investment risk, how to convert your earned income into passive income… plus Rich Dad’s 10 Investor Controls.
The Rich Dad philosophy makes a key distinction between managing your money and growing it… and understanding key principles of investing is the first step toward creating and growing wealth. This book delivers guidance, not guarantees, to help anyone begin the process of becoming an active investor on the road to financial freedom.
A practical approach to creating wealth-based on the established principles of ancient Jewish wisdom-made accessible to people of all backgrounds
The ups and downs of the economy prove Rabbi Daniel Lapin’s famous principle that the more things change, the more we need to depend upon the things that never change. There’s no better source for both practical and spiritual financial wisdom than the time-tested knowledge found in the ancient Jewish faith and its culture. In the Second Edition of Thou Shall Prosper, Lapin offers a practical approach to creating wealth based on the established principles of ancient Jewish wisdom. T
his book details the ten permanent principles that never change, the ten commandments of making money if you will, and explores the economic and philosophic vision of business that has been part of Jewish culture for centuries. The book’s focus is on making accessible to individuals of all backgrounds, the timeless truths that Jews have used for centuries to excel in business.
This Second Edition provides new examples, especially of Internet related business opportunities. In addition, each chapter highlights specific action steps that can lead to wealth opportunities in both difficult economic times and periods of prosperity.
To bring your dreams and desires to fulfillment, you must be successful with money. This book shows you how to amass personal wealth by sharing the secrets of the ancient Babylonians, who were the first to discover the universal laws of prosperity.
Hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth, The Richest Man in Babylon is a timeless classic that holds the key to all you desire and everything you wish to accomplish. Through entertaining stories about the herdsmen, merchants, and tradesmen of ancient Babylon, George S. Clason provides concrete advice for creating, growing, and preserving wealth. Beloved by millions, this celebrated bestseller offers an understanding of, and a solution to, your personal financial problems. This is the book that holds the secrets to keeping your money and making more.
Financial principles covered in this book include:
Keeping these core principles in mind will help you through economic hard times and put you on the road to riches.
Robbins, who has coached more than fifty million people from 100 countries, is the world’s #1 life and business strategist. In this book, he teams up with Peter Mallouk, the only man in history to be ranked the #1 financial advisor in the US for three consecutive years by Barron’s. Together they reveal how to become unshakeable—someone who can not only maintain true peace of mind in a world of immense uncertainty, economic volatility, and unprecedented change, but who can profit from the fear that immobilizes so many.
In these pages, through plain English and inspiring stories, you’ll discover:
No matter your salary, your stage of life, or when you started, this book will provide the tools to help you achieve your financial goals more rapidly than you ever thought possible.
Based on extensive research and interviews with some of the most legendary investors at work today (John Bogle, Warren Buffett, Paul Tudor Jones, Ray Dalio, Carl Icahn, and many others), Tony Robbins has created a 7-step blueprint for securing financial freedom. With advice about taking control of your financial decisions, to setting up a savings and investing plan, to destroying myths about what it takes to save and invest, to setting up a “lifetime income plan,” the book brims with advice and practices for making the financial game not only winnable—but providing financial freedom for the rest of your life. “Put MONEY on your short list of new books to read…It’s that good” (Marketwatch.com).
Tony Robbins is one of the most revered writers and thinkers of our time. People from all over the world—from the disadvantaged to the well-heeled, from twenty-somethings to retirees—credit him for giving them the inspiration and the tools for transforming their lives. From diet and fitness, to business and leadership, to relationships and self-respect, Tony Robbins’s books have changed people in profound and lasting ways. Now, for the first time, he has assembled an invaluable “distillation of just about every good personal finance idea of the last forty years” (The New York Times).
Buy as many lattes as you want. Choose the right accounts and investments so your money grows for you—automatically. Best of all, spend guilt-free on the things you love.
Personal finance expert Ramit Sethi has been called a “wealth wizard” by Forbes and the “new guru on the block” by Fortune. Now he’s updated and expanded his modern money classic for a new age, delivering a simple, powerful, no-BS 6-week program that just works.
I Will Teach You to Be Rich will show you:
Plus, this 10th anniversary edition features over 80 new pages, including:
Master your money—and then get on with your life.
Think and Grow Rich was written by Napolean Hill promoted as a Personal development and self-improvement book. He writes that he was inspired by a suggestion from Business magnate and later-philanthropist Andrew Carnegie.
In the original Think and Grow Rich, Hill draws on stories of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation to illustrate his principles. For more than a decade, the author interviewed some of the wealthiest and most successful people in the world. It was based on what author learnt in the process from all these people, when asked about how they achieved not just great riches but also personal wellbeing.
The author formulated hundreds and thousands of answers, into concise principles which when acted upon, many claim, can help one achieve unprecedented success. The author has in many places narrated short stories and examples that help explain the concept at hand in an engaging manner. Think and Grow Rich teaches not just concepts but also methods.
The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham’s philosophy of “value investing”—which shields investors from substantial error and teaches them to develop long-term strategies—has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.
Vital and indispensable, The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.
In order for your business to succeed long term you must be able to manage your finances well, but the principles in which they are applied should ultimately be learned from your personal finances. We hope that if you or your business are struggling financially that you consider taking a step back, purchasing some of these resources, and not only read – but apply some of the guidance offered in them.
Last updated on by Joshua Holdeman