Beyond Financial Independence

Personal Finance Books: Do They Really Work?

June 4, 2012 · Joe McLaughlin · Comments

In this article we will discuss the question of personal financial books and if they really can help you. I will also give you a quick reading list of my personal favorite finance books that I try to read once a year.

I will also list a few of the most popular finance books out on the market today. If you've read a great personal finance book, tell us about it in the comments section.


Do They Really Work

This question reminds me of an infomercial I once saw about a particular product. The TV announcer would give his speech and then talk to people that have purchased his program and benefited by it. Throughout his 60 minute program he would say time and time again, “This is our system and if you work it the system will work for you.”

That’s a better sales pitch than most TV marketers. At least he believed in his product. His statement is true for many things in life as you by now have realized. Many things in this world on the market today will work for you if you create a plan and “put it into action”. That is something that most people don’t do, simply because it takes work. By hard work I mean a lot of hard work and then failing to succeed, then trying again, then failing and trying again. Remember it’s not important how many times you have failed, but how many times you get back up and try again. If you stay at it, you will be successful.

Nobody ever said becoming financially independent is easy. If it was there wouldn’t be 9 million books written about it. The same thing is true for having a bad attitude. No one writes books on “How to have a bad attitude” for the simple reason because we humans are easily discouraged. Having a bad attitude is easy. Keeping a positive outlook on life and your financial future is hard work.

We Need To Be Reminded

Speaking of books and action, you may want to check out Robert Ringer’s book, Million Dollar Habits. It’s a good book with a lot of common sense tips throughout the book. I say common sense because when you read it you say to yourself, “Oh yeah, that make sense. I can see how that would help me.” But it’s nice to be reminded of that fact.

Take Action to Remind Yourself

With that in mind it would be a good idea for you to find a few books that have a lot of “meat” to them. By that I mean personal financial books that you have found to be really helpful. Then make yourself a list and read through each book once a year. That sounds like a lot of work, but it’s your financial future that is at stake. You may ask, “Why should I read each book once a year?” The same reason as I stated before. We forget things that are not habits. Reading those common sense principles and putting them into practice will help you to make them habits over time.

My Annual Reading List of Finance Books

Here are a few books that I like to read once a year. Although I must confess I have failed to read all of them on an annual basis. I usually get through two or three of them.

1. - Great book on understanding why it’s important to have a budget and how to use the money you save to create lasting wealth.

2. - Good book on describing and explaining certain habits and how they can benefit a person no matter what their station.

3. - Eye opening book at people with median income have created large amounts of wealth by living below their means and avoiding personal debt.

4. - If it’s simple wealth generation you want then look no further. This book will show you how to setup your accounts for automatic wealth generation so you never have to think about it.

5. - Fascinating stories about investors from different walks of life and how they became top investors in their specific investment areas.

Other Personal Finance Books That May Help You


I haven’t read all of the personal finance books, so if I have missed one or if you’ve read a good personal finance book please share it with us in the comments section below.


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