If you are looking for some inspiration and guidance on how to manage your money better, you might want to check out some of the best personal finance books of all times from Amazon. These books offer timeless lessons on wealth, investing, budgeting, saving, and more, from experts and successful people who have been there and done that. Here are our top 5 picks for personal finance books that you should read in 2023.
#1. The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel
This book is not your typical personal finance book that tells you what to do with your money. Instead, it explores the hidden factors that influence how we think about money, such as our emotions, biases, expectations, and experiences. Housel shares stories and insights from history, psychology, economics, and his own life to show how our money decisions are often irrational and counterproductive, and how we can overcome them to achieve our financial goals and happiness.
#2. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
This classic book has sold over 32 million copies worldwide and has been translated into 51 languages. It is based on Kiyosaki's own story of growing up with two fathers: his biological father, who was well-educated but poor, and his best friend's father, who was a high school dropout but rich. Kiyosaki contrasts the different mindsets and habits of the rich and the poor, and teaches how to build wealth by investing in assets, not liabilities, and creating passive income streams.
#3. The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley and William D. Danko
This book is based on a comprehensive study of over 1,000 millionaires in America, who achieved their wealth not by inheritance or luck, but by hard work, frugality, and smart choices. Stanley and Danko reveal the common traits and behaviors of these self-made millionaires, such as living below their means, avoiding debt, investing wisely, and being entrepreneurial. They also debunk some myths and stereotypes about the rich, such as their lavish lifestyles, flashy cars, and expensive hobbies.
#4. I Will Teach You to Be Rich: No Guilt. No Excuses. No B.S. Just a 6-Week Program That Works by Ramit Sethi
This book is a practical and fun guide to personal finance for millennials who want to live their rich life without sacrificing their values or happiness. Sethi covers topics such as how to automate your savings and investments, how to negotiate your salary and bills, how to pay off your debt, how to travel cheaply but luxuriously, and how to spend money on what you love without feeling guilty. He also provides scripts, tools, and resources to help you implement his advice.
#5. The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey
This book is for those who are struggling with debt and want to get out of it once and for all. Ramsey outlines his famous seven-step plan to achieve financial freedom, which includes creating a budget, building an emergency fund, paying off debts from smallest to largest using the snowball method, investing for retirement and college education, paying off your mortgage early, and giving generously. He also shares inspiring stories of people who have followed his plan and transformed their lives.
These are some of the best personal finance books of all times from Amazon that you should read in 2023. They will help you learn the principles and practices of managing your money wisely and achieving your financial goals. Happy reading!