Top 10 Highest-Ranking Books on Goodreads to Improve your Personal Finance and Budgeting

July 24, 2023
Top 10 Highest-Ranking Books on Goodreads to Improve your Personal Finance and Budgeting

When it comes to personal finance and budgeting, gaining knowledge from experts can be invaluable. To help you on your financial journey, we have compiled a list of the 10 highest-ranking books on personal finance and budgeting according to Goodreads.

These books cover a wide range of topics, from building wealth to changing your money mindset. Let's dive into this collection of must-reads that can broaden your knowledge on the topic of finance and budgeting.

You might be interested in: Top Podcasts to Improve your Personal Finance

"Rich Dad, Poor Dad" by Robert T. Kiyosaki:

With its enduring popularity, this book challenges conventional wisdom about money and shares the contrasting lessons Kiyosaki learned from his own "rich dad" and "poor dad." Through times, it still provides a fresh perspective on wealth creation and it is proven to be one of the best-selling books for improving one's personal finance and financial independence.


"The Richest Man in Babylon" by Georges S. Clason:

Set in ancient Babylon, this timeless classic offers practical financial advice through engaging stories and narratives. It passes on wisdom of the ancients on saving, budgeting, and investing to empower modern readers to take control of their financial journey.


"The Psychology of Money" by Morgan Housel:

This thought-provoking book explores the behavioural and psychological aspects of money. Throughout the pages, the author highlights how our emotions and biases can influence financial decisions, offering valuable insights into developing a healthy relationship with money, budget, and personal finance.


"The Millionaire Next Door: The Surprising Secret of America's Wealthy" by Thomas J. Stanley:

From the traits and daily habits of millionaires, we can gain a deeper understanding into how regular individuals accumulate substantial net worth and financial growth. Stanley’s research and stories significantly challenges common misconceptions about wealth and open the path for everyone to start investing in their own financial well-being, especially creating a better budgeting plan and strive for an improved personal finance situation.


"Love Your Life, Not Theirs: 7 Money Habits for Living the Life You Want" by Rachel Cruze:

Avoiding comparison and making intentional choices with your money are not always easy, especially when we are facing with the increasing amount of pressure from our peers and social norms of how much money a successful person should have in their bank accounts. However, with the practical advice and inspiring findings from Rachel Cruze, you can start focusing on your life and apply actionable strategies to live within your budget and work towards a suitable personal finance.


"Money Master the Game: 7 Simple Steps to Financial Freedom" by Tony Robbins:

This book combines Tony Robbins' motivational expertise with insights from renowned financial experts on spending, saving, budgeting, and investing, allowing you to learn from the world’s most successful investors and create your own step-to-step guide to achieve your personal financial goals and financial freedom.


"The Barefoot Investor: The Only Money Guide You'll Ever Need" by Scott Pape:

This book is a comprehensive guide to effective money management by Scott Pape, Australia's most trusted finance expert. With a straightforward and engaging approach, the author offers practical advice on personal finance, money, budgeting, and saving that you can apply in your daily life for financial independence and security.


"The Total Money Makeover: A Proven Plan for Financial Fitness" by Dave Ramsey:

If you are looking for ways to pay off debt, build an emergency fund, and create a solid financial foundation for the future, look no further than “The Total Money Makeover”. As the book title suggests, get ready to transform your personal finance and budgeting plan with a comprehensive guide and achieve long-term success.  


"I Will Teach You to Be Rich" by Ramit Sethi:

With a focus on automating finances and optimising money management, Ramit helps readers take control of their financial future with better budgeting plan. Listed as one of the best books for recent graduates, this book will be the best companion for those who are in their 20s, about to make all the first-time decisions in their lives. From how to pay for a wedding, handle car buying, to buying their own homes, young readers can find useful tips that will help them manage their money without stress.


"You Need a Budget" by Jesse Mecham:

Jesse Mecham, creator of the popular budgeting software YNAB, offers a guide to creating and maintaining a budget that aligns with your personal finance situations and goals. The book emphasizes the importance of assigning every dollar a purpose and cultivating financial discipline.


We hope these books can be powerful tools to transform your financial well-being, with a plethora of strategies and insights to increase your knowledge in budgeting, spending and saving money. So, pick up a book, dive into the world of personal finance work your way towards financial freedom.

Check out: Top Youtubers for Expert Advice to Improve your Personal Finance

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