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Know How To Manage Your Money: 10 Personal Finance Books You Need To Read

Know How To Manage Your Money: 10 Personal Finance Books You Need To Read

Managing your money is one of the most important things you can do. It doesn’t matter if you’re personally wealthy and trying to figure out how to invest or flat broke living paycheck to paycheck. Proper management techniques can save you money, make you money, and keep things in order. Here are some personal finance books that can help you do just that.

1. The Millionaire Next Door by Thomas J Stanley, Ph.D.

personal finance books

    First up is a delightful read called The Millionaire Next Door by Dr. Thomas J Stanely. This is a great book for people in their 20’s. It takes years of research and boils it down in solid, easy-to-understand rules that people can use to manage their finances and become more financially stable. Some of the lessons are pretty well known such as “spend less than you make.” It’s a great read and definitely worth your time.

    2. The Investment Answer by Gordon Murray and Daniel C. Goldie

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    personal finance books

      For young people, reading about finance is boring. I’m writing this article and even I shudder at the thought of learning about it. It’s complex and full of rules, regulations, risks, and rewards. The Investment Answer comes recommended by Business Insider as very approachable and easy to understand which makes it great for investment beginners. That said, it may be a bit weak for those who are already familiar with investments.

      3. Why Didn’t They Teach Me This in School? by Cary Siegel

      personal finance books

        As the name implies, this book is about all of the basic personal finance lessons that they probably should’ve taught us in school and didn’t. There are 99 tips, tricks, and lessons for personal finance that pretty much everyone should know and reviewers have called it a “great gift idea for high school and college graduates.” We happen to agree.

        4. The Money Book for the Young, Fabulous, and Broke by Suze Orman

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        personal finance books

          Being broke can be a horrible thing. You have rising debt, you’re stuck in a hole, and you don’t know what to do. This book can help you figure out what to do. It doesn’t matter if it’s credit card debt, student loans, or some other financial malady, Suze Orman has advice to help you get rid of it for good.

          5. Secrets of the Millionaire Mind by T. Hary Eker

          personal finance books

            In this book, you’ll learn exactly what separates rich people from everyone else on a subconscious level. According to Eker, millionaires are millionaires because of how they approach money, and it has little (if anything) to do with skill, talent, or knowledge in their business. It’s an interesting read and one that may help you change your tune financially.

            6. How to Retire Happy, Wild, and Free by Ernie J Zelinski

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            personal finance books

              Why do we work? So we can take care of ourselves. However, the second reason we work is so that one day, we don’t have to work anymore. In this book. Zelinski not only shows you how to retire well financially but also how you can enjoy life even if you don’t retire with a million bucks. It’s lighthearted, fun, and for people of all ages.

              7. I Will Teach You To Be Rich by Ramit Sethi

              personal finance books

                If you’re looking for something less philosophical and more direct, this is a great book to read. Here you’ll find a six week course that’ll help you set your financial life straight. It’s not an end-all-be-all solution but after the six weeks you should be on a much better track financially. It’s very highly rated on Amazon and word is that it’s also humorous and personable which is a change of pace for personal finance.

                8. Your Money: The Missing Manual by J.D. Roth

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                personal finance books

                  J.D. Roth is truly an inspiration when it comes to personal finance. He started out dirt poor, did the research, and found out the missing links that was preventing him from being successful. He started a blog and eventually wrote this book. If you’re not doing well financially and want to turn it around, this is a great place to start.

                  9. Thinking, Fast and Slow by Daniel Kahneman

                  Personal Finance books

                    The first thing you should know about Daniel Kahneman is that he’s so good at economics, they gave him a Nobel Prize for it. That means his opinion is probably one that should be respected. In this book, Kahneman explores the way we think about money and has determined that we either make decisions quickly or slowly. He explains the pros and cons of each and when we should use each one to make financial decisions. It’s a little complex but it’s definitely worth a read.

                    10. You’re So Money: Live Rich, Even When You’re Not by Farnoosh Torabi

                    personal finance books

                      Last on our list is a book that shows you how to have fun even when you don’t make enough money to have fun. This book is a great way to get the things that you want without going broke or going into debt. It preaches making sacrifices in some areas so you can have fun for others. One cited example is taking out your significant other on an expensive date, but eating PB&J for several days to make up for it. If you want nice things but don’t make that kind of money, check this book out.

                      Featured photo credit: Swingers via groupthink.jezebel.com

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                      Last Updated on June 20, 2019

                      50 Businesses You Can Start In Your Spare Time

                      50 Businesses You Can Start In Your Spare Time

                      Most people want a few more dollars in their wallets. But between an employer and family, the time most of us can devote to a second job is severely limited. Running a small side business can provide a few more options: you don’t have to show up at a set time and you can use skills you already have. Not all will be perfect for everyone, of course, and I’m sure that you’ll have a few ideas of your own after reading this list. If you’d like to share any other business ideas, please add them in the comments.

                      1. Selling collectibles — From antique books to teddy bears, there are plenty of opportunities to buy and sell collectibles. It’s important to familiarize yourself with the collectible of your choice but if you choose something that you’ve been collecting for a while, you’ve got a head start.
                      2. Locating apartments — It can take time to sort through apartment listings, but you can make some money by finding the perfect apartment for a renter.
                      3. Baby proofing — New parents often prefer to bring in an expert to make sure their home is safe for a new baby.
                      4. Calligraphic writing — If you’ve got elegant handwriting, you can pick up gigs writing or addressing wedding invitations, holiday cards and more.
                      5. Selling coupons — Search on eBay for coupons right now and you’ll see thousands of listings for coupons. It’s just a matter of clipping and listing what you find in your Sunday newspaper.
                      6. Pet training — A surprising number of people don’t know where to start in training a pet. Even teaching Rover simple commands like ‘Sit’ and ‘Stay’ can bring in a few dollars.
                      7. Running errands — A wide variety of people want to outsource their errands, from those folks who aren’t able to leave their homes easily to those who have a busy schedule.
                      8. Researching family trees — Amateur genealogists often call in experts, especially to handle research that has to be done in person in a far off place. If you’re willing to go to a local church and copy a few records, you can handle many family tree research requests.
                      9. Supplying firewood — The prerequisite for selling firewood is having a source of wood; if you’ve got some land where you can cut down a few trees, you’ve got a head start.
                      10. Hauling — As more people trade in their SUVs for compact cars, hauling is becoming more important: people have to rent a truck or hire a hauler for even small loads.
                      11. Image consulting — Image consultants provide a wide variety of services, ranging from offering advice on appearance to teaching etiquette.
                      12. Menu planning — For many people, the trip up in eating home-cooked or healthy meals is knowing what to prepare. Meal planners set a schedule to solve certain dietary problems.
                      13. Microfarming — Cultivating food and flowers on small plots of land allows you to sell produce easily.
                      14. Offering notary public services — Notary publics can witness and authenticate documents: a service needed for all sorts of official documents.
                      15. Teaching music — If you’re skilled with a musical instrument, you can earn money by offering lessons.
                      16. Mystery shopping — Mystery shoppers check the conditions and service at a store and report back to the store’s higher-ups.
                      17. Offering research services — Just by reading up on a topic and compiling a report on it can earn you money.
                      18. Personal shopping — Personal shoppers typically select gifts, apparel and other products for clients, helping them save time.
                      19. Pet breeding — Purebred pets can be quite value, especially if you can verify their pedigree.
                      20. Removing snow — During the winter months, shoveling walks can still be a reliable way to earn money. You might be asked to take care of the driveway too.
                      21. Utility auditing — As people become environmentally-concious, they want to know just how efficient their homes are. With some simple testing, you can tell them.
                      22. Offering web hosting services — Providing server space can be lucrative, particularly if you can provide tech support to your clients.
                      23. Cutting lawns — An old standby, cutting lawns and other landscaping services can provide a second income in the summer.
                      24. Auctioning items on eBay — Want to get rid of all your old stuff? Stick it up on eBay and auction it off.
                      25. Babysitting — Child care of all kinds, from babysitting to nannying, can offer constant opportunities.
                      26. Freelance writing — If you’ve got the skills to write clearly, you can sell your pen for everything from blogs to advertising copy.
                      27. Selling blog and website themes — Do a little designing on the side? Customers that don’t want to pay full price for a website will often pay for a template or theme.
                      28. Offering computer help — Particularly with people new to computers, you can earn money by providing in-home computer help.
                      29. Designing websites — It may require a little skilled effort, but designing websites remains a reliable source of income.
                      30. Selling stock photography — For shutterbugs, an easy way to put a photography collection to work is to post it to a stock photography site.
                      31. Freelance designing — Check with local businesses: you can provide brochures, business cards and other design work and get paid a good fee.
                      32. Tutoring — Math and languages reamin the easiest subjects to find tutoring gigs for, but there is demand for other fields as well.
                      33. Housesitting / petsitting — Stopping in to check on a house or pet can earn you some money, and maybe even a place to stay.
                      34. Building niche websites — If you can put together a site on a very specific topic, you can put targeted ads on it and make money quickly.
                      35. Translating — The variety of translating work available is huge: written word, on the spot and more is easy to find even on a part-time basis.
                      36. Creating custom crafts — No matter what kind of crafts you make, there’s likely a market for it. Etsy remains one of the easiest places to sell crafts.
                      37. Setting up a wi-fi hotspot — With a little bit of equipment, you can set up a wi-fi hotspot and charge your neighbors for the access they’ve been ‘borrowing.’
                      38. Selling an e-book — You can write an e-book about almost anything and put it up for sale online.
                      39. Affiliate marketing — If you’re willing to market other companies’ products, you can earn a cut of the sales.
                      40. Renting out your spare room — From looking for a long-term roommate to listing your guest room on couch surfing sites, that spare room can make you money.
                      41. Offering handy man services — Handling small household tasks can provide you with plenty of work, although you’ll probably be expected to have your own tools.
                      42. Teaching an online class — Share your expertise through a website, an online seminar or variety of other methods.
                      43. Building furniture — For those with the skill to create handmade furniture, selling their creations is often just a matter of advertising.
                      44. Providing personal chef services — Personal chefs prepare meals ahead of time for customers, leaving their customers with a full freezer and no mess.
                      45. Event planning — From planning corporate events to bar mitzvahs, an event planning business can require plenty of work and offer plenty of pay.
                      46. Installing home safety products — Particularly as Baby Boomers age, people able to install handrails and other home safety products are in demand.
                      47. Altering / tailoring — If your sewing skills are up to par, altering garments is coming back as people try to stretch more wear out of their clothing.
                      48. Offering in-home beauty services — Hair cuts, makeup and other beauty services that can be performed at home have a growing demand.
                      49. Business coaching — Helping others to establish and develop their businesses can provide many opportunities to earn money.
                      50. Writing resumes — Writing resumes can provide a reliable income, especially if you can put a polish on a client’s credentials.

                      There are plenty of offers that claim to provide you with the opportunity to make thousands of dollars a week. Unfortunately, none of these businesses will provide that sort of income, but they aren’t scams either. They were chosen because they all require a minimum investment to get started — some require nothing more than a flyer advertising your business. Even better, if you do enjoy any of these businesses, there is a potential with most of them to continue to expand — perhaps even to the point of going full time.

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                      Featured photo credit: Omar Prestwich via unsplash.com

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