5 Finance Books Everyone Should Read

Getting out ahead financially isn’t hard. It takes discipline, time and most importantly, action.

One of my favorite quotes comes from none other than Tony Robbins. He thinks of knowledge differently than everyone else. 

“Knowledge is NOT power. Knowledge is only POTENTIAL power. Action is power.”

– Tony Robbins

You can read all of the finance books you want, but if you don’t put into action the rules and systems that they list out, it is no better for your financial future than reading a Harry Potter novel is.

With that said, there are a few finance books that I try to read every single year (while mixing in some new ones as well). 

Keep in mind, these are MY favorite finance books that I’ve read, not the best ones overall. There are still many that are on my list, which I will include at the bottom of this post. These next five books are ones that I personally love reading and obtain more valuable knowledge every single time I read them.

Unshakeable by Tony Robbins

This is already the second time I’m mentioning Tony Robbins in this short post which might signal to you how much I respect him as an author, businessman and person. 

Unshakeable is extremely eye opening when it comes to building long term wealth. From studies in the stock market to conversations with the world’s most successful investors, Tony turns tricky technical terms into understandable language that you and me can understand. 

In this book he tells a story of a man who never made more than $14,000 a year in his LIFE, but ended up retiring as a MILLIONAIRE. How? You might have to read it yourself.

This is no “get rich quick” book. You aren’t going to learn the best way to make a million dollars this year. What you will learn is more valuable. You will learn how to grow your wealth over time and more importantly, how to keep it.

If you are new in the stock market and to investing in general, this book is for you. He explains everything that you will need to get started with investing, including Ray Dalio’s secret portfolio formula that he had never given to anyone before this book. 

The amazing thing about this book is that 100% of the profits for Unshakeable goes to Tony Robbins “Feeding America” goal of giving away 1 billion meals to less fortunate families. Learn more about it here.

Think and Grow Rich by Napoleon Hill

Think and Grow Rich is one of the most sold personal development and finance books of all-time, so it would be hard to keep it off of this list. 

This book was first written during the Great Depression and has been updated throughout the years to stay relevant with the times. 

Think and Grow Rich isn’t entirely about making money. While that is one of the goals of the book, it is not the sole purpose. It comes down to our principles and your mindset

Throughout the book, Hill interviewed some of the world’s most famous entrepreneurs and icons such as Andrew Carnegie, Henry Ford and Charles M. Schwab. After his time spent with these three successful men, as well as 500 other millionaires he spoke with in the writing of this book, he was able to boil it all down to “17 Major Principles of Success.”

Some of these principles include desire, faith, persistence and something called “the sixth sense.”

This book has been read by millions throughout the years and has landed on the top of reading lists by many successful entrepreneurs such as Shark Tank’s Daymond John and Robert Herjavec.

I Will Teach You to Be Rich by Ramit Sethi

This is one of the more unique personal finance books out there. Ramit Sethi uses his humor in a way that makes you question everything that you’ve been told about finances. 

The title of the book even includes the words “No Guilt. No Excuses. No B.S. Just a 6-Week Program That Works.” 

He speaks about things like paying off debt, whether or not your should buy a home, how much should your car payment be and how long should you keep it?

He also talks about investing in the market, what the best accounts are for long term investing and what types of investments are best for you. 

It isn’t a one size fits all approach, but Sethi covers that during the book. It might not make sense for a 22 year old investor to have a lot of bonds in their investment account, but it will for someone who is 55. 

He offers a ton of valuable information throughout this book and I could talk about it for hours. It is by far the book that I open up at least once a month to get a quick tidbit on how to go about a financial situation. 

This book helped shape parts of the 14 Day Money Cleanse that Not Your Finance Guru offers to it’s readers. An email a day with one actionable step towards gaining control of your finances for 14 straight days.

Homeless to Billionaire: The 18 Principles of Wealth Attraction and Creating Unlimited Opportunity by Andres Pira

That title is a mouth full, but this book was a complete page turner. I think I read it in less than a week. Much like Think and Grow Rich, this book is about the principles that you set forth every day. 

Andres Pira went from being homeless sleeping on the beaches of Thailand to running over 19 companies in a 16 year span. He talks about the principles that got him from that beach to his success he has obtained today.

This book is perfect for bursts of inspiration and motivation that you will need on your journey. Whether you have plans of owning a business one day or you want to live a comfortable life in a beautiful suburban home, you can get something valuable from this book.

 It truly is a live demonstration that whatever you desire in your life, you can get as long as you stay on course and practice the principles discussed in this book. 

Side Hustle: From Idea to Income in 27 Days by Chris Guillebeau

If you are familiar with this site, I love the idea of a side hustle. Chris has cemented the thought in my head that everyone should have a side hustle.

A side hustle is a small business that you can have on the side of your regular 9-5 income. Whether it be a blog, podcast, dog walking service or being a DJ, any type of extra income is great! 

Chris has spent his entire life creating side hustles, so he is definitely the go-to guy for creating a side hustle. Using the steps he lays out in this book, I’ve been able to start 3 profitable side hustles in the last 2 years! 

What would you do with an extra few hundred dollars every month? That’s your groceries or the gas for your car. 

It might seem difficult, but if you follow his steps thoroughly, you will be able to create extra sources of income. 

Books On My List

The Richest Man in Babylon by George S. Clason

The Intelligent Investor by Benjamin Graham

The 4 Hour Workweek by Timothy Ferris

Money! Master the Game by Tony Robbins

GoodReads

If you are looking to make a booklist, share what you have read and keep track of your yearly reading goals, download the app GoodReads. It is essentially a social media for book readers!

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