Personal Finance, Family and Career

The Best Books I’ve Read or Listened to About Personal Finance

I’ve always been a reader. I like to books about personal development, health and finance. With the recession already here and the call for saving is getting louder than ever, I’ve mainly focused on reading about personal finance.

Of all the personal finance books I’ve read in the past, I’ve really liked and recommend a few books. These books have been a great help to me in my goals to reach a financially independent lifestyle in the distant future.

Debt Repayment

  • The Total Money Makeover. This book has been a great instrument in fast-forwarding my debt repayment plan. Dave Ramsey have always said that personal finance is 80% behavior and 20% head knowledge and it makes sense. Using the famous Debt Snowball, I’m reduced my debt. I’m almost through paying my credit card debt and I’ll be left with the mortgage.

Budgeting

  • All Your Worth. While the book gives details a six-step plan for getting your finances in order, the best tip that can be pulled out of this book is the Balanced Money Formula. The Balanced Money Formula is by far the simplest budget system I’ve ever encountered which divides your take home pay into 50% – must haves, 30% – fun money and 20% – savings and investments.

Investing

  • The Automatic Millionaire. This book greatly motivated me regarding how small amounts (‘latte factor’) can add up in the future. The book is something to read if you want to get motivated into saving and investing.

Financial Independence

  • The Millionaire Next Door This book is the sum total of a study in the life of millionaires. It actually surprised me. The outcome of the survey was light years different from what I expected. I imagined having nice cars, having big houses. Instead, millionaires lived modestly and below their means.
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5 comments

1 Susan Kishner { 09.21.09 at 3:00 pm }

I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.

2 Aaron Wakling { 09.21.09 at 3:15 pm }

Where did you get your blog layout from? I’d like to get one like it for my blog.

3 Allen Taylor { 09.21.09 at 3:16 pm }

Nice writing. You are on my RSS reader now so I can read more from you down the road.

Allen Taylor

4 Teejay { 09.22.09 at 9:30 am }

@ Aaron Wakling – This is the Neoclassical theme from Chris Pearson. I just modified it to my taste.

5 Teejay { 09.22.09 at 9:30 am }

@ Susan Kishmer – Thanks for being a subscriber. I appreciate it.

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