Personal finance insider writes about products, strategies, and tips to help you make smart decisions with your money.
These are the best personal finance books for 2020:
- "The Simple Path to Wealth," by JL Collins
- "I Will Teach You To Be Rich," by Ramit Sethi ...
- "Think and Grow Rich," by Napoleon Hill
- "Broke Millennial," by Erin Lowry
- "Retire Before Mom and Dad," by Rob Berger
- "The Automatic Millionaire," by David Bach
- "When She Makes More," by Farnoosh Torabi
- "You Are a Badass at Making Money," by Jen Sincero
- "Financially Fearless," by Alexa Von Tobel
- "Get a Financial Life," by Beth Kobliner
- "Women & Money," by Suze Orman
- "The Millionaire Next Door" by Thomas J. Stanley
- "The Financial Diet," by Chelsea Fagan and Lauren Ver Hage
- "Your Money or Your Life," by Vicki Robin
- "Spend Well, Live Rich," by Michelle Singletary
Whatever your 2020 financial goals are, there's a personal finance book for that.
Diving into a book is a great way to learn more about the financial topics you're interested in, whether you want to retire early, build wealth for the long term, start conversations about money with your family, or just see money from a different point of view. These titles were handpicked by the Personal Finance Insider team: some of our personal favorites, some we're always talking about, and some with truly impressive Amazon reviews and ratings.
From timeless advice to detailed budgeting breakdowns for millennials, here are Business Insider's top 15 personal finance books for 2020.
Best for:
- Investors
- People who want to retire early
The principles of "The Simple Path to Wealth" were first laid out in a series of letters by the author to his daughter, and there's no shortage of accessible and actionable advice on investing throughout the book. It takes on a light and casual tone in some chapters, but doesn't shy away from explanations of more complicated topics, either. It's the highest-rated personal finance book on the list, with over 800 Amazon reviews and an average rating of 4.8 stars.
Best for:
- Making a plan
- Strategizing with your money
- Setting up systems to build wealth
Personal finance author Ramit Sethi outlines a six-week plan for living out your "rich life" as you define it. "I Will Teach You To Be Rich" walks readers through how to use credit cards and maximize rewards, opening a high-yield savings account to earn interest, and even automating accounts to save with no effort every month. This easy-to-read and highly actionable book goes from reading to returns quickly.
Best for:
- Inspiration
Though it was written in 1937, well before the advent of 401ks and just after the Great Depression, this personal finance classic still offers timeless advice. It focuses on the mindset behind building wealth — with chapters on "desire" and "persistence" — rather than on the strategy and management of money itself. But, it incorporates stories of some the wealthiest men of the late 19th and early 20th centuries, stringing together lessons that have held up even into 2020.
Best for:
- Millennials
- Young professionals
- Personal finance beginners
This personal finance book has become a favorite among millennials for its simple and relatable language. It touches on all of the unique challenges of today's young adults, from living with your parents in your 20s, to dealing with student loan debt, to dealing with the overlap of friendships and finances. While it might not be a good fit for older readers, it's a great starting point for young readers who want a broad overview from your first time checking your credit score to buying your first home.
Best for:
- People who want to retire early
- People who want to build wealth
For anyone considering early retirement through the FIRE (Financially Independent, Retire Early) movement, this book is a quintessential primer on the principles of getting started on this path. But, it also looks at principles that make financial independence and retirement attainable, even if retiring early isn't on your list.
Best for:
- Making a plan
- Setting up systems to build wealth
This book by financial writer David Bach teaches one simple principal: automating your finances. From saving to paying off debt, this book posits that setting up your finances to manage themselves could help grow wealth over many years. This book lays out a plan that can be put into action in an afternoon and make a lasting impact.
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