While everything from algebra to essay writing may have been covered in school, a subject area often left off the curriculum is personal finance. Unfortunately, most people are far more likely to run into questions of budgeting and investing than, say, calculating the area of a triangle (some professions aside). But the good news is that it’s never too late to play catch-up. And with these personal finance books, doing so does not have to feel like homework.
‘Get Good with Money’ This book by financial educator Tiffany Aliche, aka the Budgetnista, offers a breakdown of financial foundations and daily money habits. Perhaps unsurprisingly, given her moniker, it helps with establishing a baseline budget, but it also offers guidance on other staples like saving, investing, insurance coverage, credit scores and more. Ultimately, Aliche succeeds in presenting an “ethos of financial wholeness that rejects the unnecessary complexity and unrealistic nature of traditional financial advice,” said U.S. News & World Report.
‘Your Money or Your Life’ This book by Joe Dominguez and Vicki Robin encourages readers to get clear about their personal values around money. “The simple premise: How much money are you willing to trade your life for? Whenever you are working, you are trading your life and energy for money. What does that mean to you?” said Grant Sabatier, a personal finance blogger, to The Strategist. The idea is that “once you are clear on the ‘why’ behind your saving and spending, making decisions about investing and budgeting becomes much easier,” said the outlet.
‘The Intelligent Investor’ Once budget and debts are ironed out and a money mindset has been cemented, you are in a good place to begin investing, a practice foundational to building wealth. Benjamin Graham and Jason Zweig’s book was originally published in 1949, though it has since been updated, and remains a classic for a reason. It provides a guide to “investing for individuals looking to develop sensible strategies and protect their investments,” said GOBankingRates. Business magnate Warren Buffett has called it “by far the best book about investing ever written.”
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