The Best Personal Finance Books Everyone Should Read

As debt continues to be a problem for many people, they are seeking answers to help them escape the money pit they find themselves stuck in. Fortunately, there are many financial experts who have taken their expertise and written easy-to-understand books providing strategies to deal with personal finance issues.

The Total Money Makeover

Written by Dave Ramsey, this book has proven to be a hit with readers for its simple strategies to climb out of debt and avoid bankruptcy. Based on Ramsey’s “baby steps” method to overcoming debt, his idea is to overcome debt by taking one small step at a time, eliminating small problems first and gradually moving on to bigger ones. According to Abakhan & Associates Inc., taking small steps early on regarding financial problems can ultimately help many people avoid bankruptcy, with these strategies being highly recommended by readers everywhere.

Money Rules: The Simple Path to Lifelong Security

Jean Chatzky believes people make money far more complicated than it is, and instead offers readers simple strategies such as “hope is not an investment strategy” and “you can fix any financial mistake by saving more.” Simplistic yet effective, Chatzky has made money management stress-free and easy for her readers to understand.

Living Large for the Long Haul

Financial expert Clark Howard uses off-the-beaten-path strategies to help people get back on track. As bankruptcy in Victoria BC and other areas continues to be a problem for consumers, Howard’s book has first-person stories from real-life consumers who have overcome bankruptcy and lived to tell about it. Howard’s philosophy is to overcome debt by using methods that often go unnoticed, such as applying for government grants to help with education expenses and job training. He believes that by looking where few others ever do, getting back on track financially is well within everyone’s reach.

How to Retire the Cheapskate Way

Jeff Yeager’s financial philosophy is to avoid financial problems by being what he calls a “cheapskate.” He believes all financial problems are a matter of spending habits, so breaking bad habits will result in more money in one’s pocket. If you’re seeking the path to retirement, this is a very interesting book to read.


With various money experts putting their financial philosophies out there for people to read, finding the one that works best for you can be a challenge. Sometimes one book can have all the answers, while some problems may require reading multiple ones to find a winning strategy.