Top 5 Personal Finance Books Every Millennial Should Read


Financial literacy and financial planning go hand in hand, like peanut butter and jelly. The best way to be in control of your finances and grow your wealth is to educate yourself. How do you reach financial freedom if you don't know how to get there? Books on budgeting, saving, banking, investing etc. are everywhere and like budgeting it can get a bit overwhelming especially if you don't know what information you should be seeking. 

These inspirational and insightful books will motivate you to take action and execute your financial plan.

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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 is the first personal finance I’ve read and I still apply the tools and lessons listed in this book. Kiyosaki walks readers through some childhood reminiscences, a contrast between his own not-very-wealthy father and the dad of his friend who happened to be one of the richest residents of Hawaii. The comparison shines a spotlight on how to best manage your money or lack of it.



The Richest Man in Babylon:

By: George S. Clason

This book is a classic in financial literature. A quick simplistic motivational read that presents tried and true lessons about accumulating wealth. Anyone who picks this book up will benefit from it. The lessons that Arkad provided for his friends was the premise of the book and they are lessons of wealth building habits that many of us are familiar with: Pay yourself first, live below your means, make money work for you etc.



The Millionaire Next Door

By: Thomas J Stanley,Ph.D. & William D. Danko, Ph.D.

This book examines how real millionaires look and behave. A bulk of The Millionaire Next Door focuses on rejecting the stereotypical view of the wealthy. Thomas Stanley and William Danko, offer unique insights into millionaires’ lifestyles and their buying habits. They explain that, in contrast to todays earn-and-consume culture, the many ordinary folks who accumulate wealth live modestly and prize frugality.



Think and Grow Rich

By: Napolean Hill & Arthur R. Pell

This book is a HUGE personal favorite! I consider it to be the bible for success!

Think and Grow Rich is Napoleon Hill’s most popular book. Hill spent the majority of his life studying successful people and their habits. Think and Grow Rich summarizes his Philosophy of success and explaining it for the general public. In this revised version Arthur R. Pell, Ph.D., deftly interweaves anecdotes of how contemporary millionaires and billionaires, such as Bill Gates, Mary Kay Ash, Dave Thomas, and Sir John Templeton, achieved their wealth.

This book focuses on the individual’s personal development and attitude towards money and it has a very powerful message and goes beyond personal finance.



Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence

By: Vicki Robin & Joe Domiguez

Your Money or Your Life is full of examples, stories and experiences of many people who have followed the authors nine-step program in their journey to financial independence. The purpose of this book is to transform your relationship with money, which encompasses more than just your earning, spending, debts and savings. The book has a spiritual component to it and simple explanations of concrete ways to observe your connection with the material world.



FinanceLaurie Nicolas