When it comes to getting into investing, you want to make sure that you’re getting your advice from the right place, right? You want to make sure that you’re looking at the best personal finance books of all time to make sure you know more than just the wealth management basics.
You want to start delving into the top ways that rich people are actually investing and building up their wealth. And then the ways that they’re continuing to take care of that wealth. Well, it’s all about making sure you understand something you may not associate with rich people. Budgeting. Of course, that’s not the only thing that you need to know, but it’s an important one.
In the books we’re going to talk about here you’ll learn more about budgeting. You’ll also learn about some of the other tips and tricks that the wealthy know that the rest of the general population don’t.
All of these strategies are going to make it easier for you to make the right decisions when it comes to building your wealth and becoming financially free (or rich, whichever you set as your goal).
If you want to just get back to studying, get our top pick for wealth management book here.
Last update: 2024-04-29
Our Favorites for Best Wealth Management Books
When it comes to our favorite investing books, you probably won’t be surprised. We have some books that share secrets directly from the wealthiest people around, so make sure you’re really paying attention to what they have to say.
These are the best money books of all time that have been around awhile, and they show you that there really is no way of knowing who the rich are in your neighborhood and beyond. They really are just the people next door or the everyday millionaires that you would never suspect.
The Millionaire Next Door: The Surprising Secrets of America’s Rich by Thomas J. Stanley & William D. Danko
If you want to know how rich people think, then the best thing that you can do is ask them. Don’t you think? The Millionaire Next Door is filled with stories directly from those rich people, and it talks about everything you might want to ask, including how they got there, how they invest, and how you too can become rich. If you’re interested in learning about the wealthy, then here is where you’re going to do it. The Millionaire Next Door takes you out of the idea that wealthy people are the ones you hear about on TV and instead shows you what these people are really like.
The Millionaire Next Door tells you all about ways that you can become a millionaire because it’s not just some secret club. It’s something that ordinary people are doing every single day. Here you’re not going to get a strategy of what to do, but you’re going to get some information that you can put into place for yourself and your family. You don’t need to start with money or have any special skills in order to become a millionaire; you just need to know how to follow the steps. With The Millionaire Next Door, you’re going to have an excellent framework to help you along with precisely that.
What Makes it Unique:
- Dive into the lives of regular people who happen to be millionaires
- Stories and anecdotes about what real millionaires live like
Why Choose This Wealth Management Book:
- Learn skills and techniques that people are using to become millionaires
- Filled with research and real surveys
- The Surprising Secrets of America's Wealthy
- Gift item
- This product will be an excellent pick for you
Last update: 2024-04-29
The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey
If you’ve been looking into anything in the financial world, you’ve likely heard of Dave Ramsey and for good reason. The Total Money Makeover (in all of its different versions and iterations) has definitely made a significant impact on those who are looking to get financially secure. It offers real (proven) steps to help you get from wherever you are to economically ready for anything. Ramsey has sold millions of copies of each of his books related to money and has podcasts, websites, apps, and a whole lot more that go along with this book to help you learn more about what you should be doing.
Ramsey is all about the everyday millionaire, and he uses this book to explain to you just how you can become one too. You’ll learn about creating a budget, dropping the Latte Factor, stopping the cycle of debt, and a whole lot more. The Total Money Makeover is not an easy process, but it’s one that anyone can do (and millions have). It’s all about making a commitment to yourself and to your finances to start changing the way that you live your life with a focus toward the future.
What Makes it Unique:
- Walks you through each step you need to become financially strong
- Breaks everything down into 7 simple steps
Why Choose This Wealth Management Book:
- Ramsey explains everything for the average person rather than talking like a financial expert
- Start seeing changes and improvements quickly
- Great product!
- Hardcover Book
- Ramsey, Dave (Author)
Last update: 2024-04-29
Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons and World-Class Performers by Timothy Ferriss
Timothy Ferriss knows a bit about all of the above because he has spent a whole lot of time interviewing them for his podcast. And Tools of Titans is all about the things he’s learned from those people. Ferriss talks about the different strategies, tools, and inside knowledge that’s been pulled from his podcast and his discussions with the rich and the famous in order to create a cohesive guide you can use to become wealthy. It explores the people who have already managed to do this and what tools they are using that you likely aren’t (or at least not in the right ways).
Tools of Titans focuses on what you can do and the specific things that you need to put into place in order to achieve greatness. Ferriss doesn’t seek to give meaningless content, but to make sure that everything in the book is actually actionable and really does work. In fact, Ferriss has employed these strategies within his own life and business to make sure they work. Now you’ll be able to see what they are and start implementing them for yourself, building up a system of wealth.
What Makes it Unique:
- Content and tips from billionaires and more
- Distilled from over 200 different interviews
Why Choose This Wealth Management Book:
- Actionable steps rather than filler content
- Tips for all areas of your life
- Authors Signature in book.
- Hardcover Book
- Ferriss, Timothy (Author)
Last update: 2024-04-29
Runner Ups for Best Wealth Management Books
Not every book can be the absolute best, but we’ve found a few others that you’ll definitely want to take a look at.
These are our runner ups because they give you a good amount of content and some great advice, but they’re just not quite as good as what you’ll find in the last three. So, if you want to expand your reading and you’re looking for a little bit more to push you along, then you’re going to find it here. You definitely can’t go wrong with these.
Capital Without Borders: Wealth Managers and the One Percent by Brooke Harrington
We hear a whole lot about the 1%, but do you really know how they do what they do? Capital Without Borders is all about learning just how they manage to thrive, even when everyone else seems to be struggling to make it through. You’ll find information straight from the wealth managers of the rich and famous that details exactly how they avoid all the fees, fines, and expenses that the rest seem to be paying during the worst financial crises.
Capital Without Borders is all about tax havens, offshore banks, shell corporations, and trusts that are used to reduce taxes and protect the wealthy from just about everything. Not only that, but it discusses ways that these wealth managers believe what they’re doing is right and just where the money is actually being stored. Harrington’s book is all about the 1% and just what they’ve been achieving all of these years. If you’ve ever wondered just how they seem to do it, then you’ll find out in Capital Without Borders. Not to mention, you’ll be able to see some of the other strategies that you can implement yourself.
What Makes it Unique:
- Dives into a previously unknown area of finance and wealth
- Explains the ins and outs of retaining wealth no matter what
Why Choose This Wealth Management Book:
- Includes interviews from wealth managers of the wealthy
- Explores the different options of storing money
- Hardcover Book
- Harrington, Brooke (Author)
- English (Publication Language)
Last update: 2024-04-29
Wealth Management Unwrapped: Unwrap What You Need to Know and Enjoy the Present by Charlotte B Beyer
If you’re looking to start taking control of your money, then you’re going to want to look at Wealth Management Unwrapped. Written by someone who has actually worked on Wall Street, Wealth Management Unwrapped details all of the problematic aspects of the subject. It’s great for those who want to get more control but who don’t quite understand the jargon that seems to be present in most wealth books. You don’t have to get caught up in learning a lot of buzzwords in order to start taking control of your own finances.
With Wealth Management Unwrapped, you’ll get instructions on how to go through the entire process from finding an advisor to learning about how wealth will affect your future. There’s even a website that helps you take some of the steps and really start moving forward on the skills it takes to become wealthy in the best sense. You can also learn more, no matter where you currently are on the path to wealth. If you’re a little further along, there’s still no harm in building up your skills with Wealth Management Unwrapped.
What Makes it Unique:
- Offers an overview of strategies and then dives deeper so anyone can get help with their strategy
- Website available to help with all of the information detailed in the book
Why Choose This Wealth Management Book:
- Makes the hard facts, complex figures and jargon easier to understand
- Details your steps along the way to wealth management
- Audible Audiobook
- Charlotte B. Beyer (Author) - Marguerite Gavin (Narrator)
- English (Publication Language)
Last update: 2024-04-29
Value Picks for Best Wealth Management Books
For those who are looking to save a little money but still want to make sure they’re getting good value, these are the options we think you should check out.
You’ll be able to find plenty of good information here, and you don’t need to break the bank in order to do it. After all, if you’re looking to manage your wealth correctly, you should already know that spending money is definitely something to avoid, so these aren’t quite wealth management for dummies, but they’re a good foundation.
The Richest Man in Babylon by George S. Clason
The Richest Man in Babylon is a book you may have heard of before because it’s actually considered a classic. What’s unique about The Richest Man in Babylon is that it’s actually a finance book and an inspirational book all in one. It offers comprehensive and easy to read stories that will draw you in and help you understand the principles of financial planning and building personal wealth. The Richest Man in Babylon is an older book, but it definitely retains all of its worth as a finance book too.
In The Richest Man in Babylon, you’ll find Babylonian parables, the basics, and a whole lot more. Clason wrote this book back in the 1920s, but that doesn’t mean that it’s not highly valuable even today. You can learn about building up a savings and setting yourself on a path toward financial freedom without having to actually build up extreme amounts of wealth. Instead, you can focus on creating a life that you and your family can enjoy and you never have to be what you might consider ‘rich’ at all.
What Makes it Unique:
- Provides inspiration as well as advice on building wealth
- Fun and interesting stories to draw you in so learning is more enjoyable
Why Choose This Wealth Management Book:
- Focus on being financially free rather than becoming rich
- Focused on 7 simple steps/principles
- Clason, George S. (Author)
- English (Publication Language)
- 100 Pages - 02/18/2015 (Publication Date) - CreateSpace Independent Publishing Platform (Publisher)
Last update: 2024-04-29
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money – That the Poor and Middle Class Do Not – By Robert T. Kiyosaki
Rich Dad, Poor Dad, operates under the idea that there are certain things that rich parents tell their children that the rest just aren’t. It’s all about how rich people think. But those are things that your child (and you) can definitely benefit from. In Rich Dad, Poor Dad, you’ll learn about some of the myths that surround being wealthy as well as how to teach your children about money in a positive and healthy way that will help them build their own financial freedom.
Kiyosaki seeks to provide positive and practical advice about money and finance and doesn’t worry about challenging some of the ordinary things that everyone thinks about money. By teaching people about money, Rich Dad, Poor Dad is designed to make sure that your child is able to learn about money in a quick and easy to learn way. There’s a reason Rich Dad, Poor Dad, is considered the number one personal finance book of all time. Rich Dad, poor Dad, is focused on the idea that you can make a huge difference in your life and the life of your entire family by focusing on what really matters to your financial health.
What Makes it Unique:
- Challenges some preconceived notions on wealth
- Focuses on things the wealthy already know and the rest don’t
Why Choose This Wealth Management Book:
- Straight talk style about money and finance
- Designed to show parents and help them teach children
- Amazon Kindle Edition
- Kiyosaki, Robert T. (Author)
- English (Publication Language)
Last update: 2024-04-29
How to Choose the Best Wealth Management Book for You
Anyone who is looking to learn more about wealth management will definitely want to have the best books possible. While these are some that we think are the best of the best, maybe you’re interested in a little bit more.
So, how do you make sure that any additional books you choose are actually going to help you learn about and build your own wealth? These are some things to watch out for.
1. Know your style – What style of money manager are you? Do you learn well from highly technical books, or are you more interested in something that simplifies the process? No matter how you learn, you want to make sure that you’re using a book that works for your learning style rather than trying to force yourself to learn the way other people do.
2. Know your goals – What are you hoping to achieve when it comes to money management? Do you want to teach your children? Are you looking to become a millionaire? Are you willing to make sacrifices in order to get where you want to be? This is going to be important in choosing a book that actually highlights your overall goals and intentions.
3. Choose an author – If you’ve been a huge fan of Dave Ramsey for ages, then one of his books might be a good start for you because you already like his style of teaching. If you’ve never liked him, however, then it’s not a good idea to try and engage with his style or use his techniques. Finding someone that you enjoy reading about can be a great way to get ahead.
4. Are you in it for business or personal? – Are you looking to employ these strategies in a business context? If you are, then you’re going to need different strategies than if you’re looking to engage in this manner for your own personal development and finances. Some books are geared toward those who are in the professional of wealth management, while others show you the techniques you can use in your personal life.
5. Are you already in debt or already coasting? – If you’re the type of person, who finds themselves in a lot of debt, you’ll want to find a book that will walk you through getting out of that debt before focusing on things like investing all your money or saving for a rainy day. If you’re not in debt and you’re already doing all right, you can focus on a book that is geared toward those who have some extra money to do what they want with.
6. How do you learn? – Some people prefer to learn through stories, in which case a book on someone’s personal experience with money and building their financial freedom might be the way to go. On the other hand, some people prefer to learn through a step-by-step how-to guide. If that’s the case, you’ll want a book that can get you through the details rather than a lot of fluff and personal inserts.
7. How much are you willing to sacrifice? – Some people want to get to financial independence, and they’re willing to sacrifice whatever they need to between now and then. Others want to be able to get to a better place financially without giving up too much in the process. If that’s you, then you don’t want to read books on FIRE, for example, which will require you to sacrifice big now for a payoff later.
Wrapping Up the Best Wealth Management Books
Putting everything together, in this guide we reviewed the following:
Last update: 2024-04-29
When it comes down to it, there’s a great deal that you can do in the way of wealth management, and reading about it is going to make a big difference.
The Total Money Makeover has been one of the best books for a long time and if you’re starting with a lot of debt this is the place you want to start.
Wealth Management Unwrapped is the best of our runner ups, great for those who want advice from someone who has really been on Wall Street and taken the steps that you want to follow.
Finally, take a look at Rich Dad, Poor Dad if you’re trying to teach your kids about money before they become adults.
Take these strategies and see how you can make them really work and even come up with a few more strategies of your own to customize the process in the best way possible through wealth management basics.
If you found this post helpful, you’re definitely going to like our other financial and professional books here.
You may also like these other finance and professional study resources:
> The Best Financial Modeling Books
> The Best Investment Banking Books
