If You Want To Learn The Basics Of Personal Finance, Read These 7 Books

Learn the core principles of money management and put your financial life together

5 min readApr 30, 2022

It’s not your fault if you don’t have your financial life together.

Nobody was born financially smart. We have different life experiences and we make financial decisions based on our unique experiences.

Besides, money is a topic that is so influenced by emotion versus fact. It’s crazy to expect that you will always make the correct money decision all the time.

Luckily enough, we can learn how to be smarter with money through good finance books.

If you’re new to financial literacy and you want to master the basics of personal finance, these books will teach you the basic core principles of money management and set you on the path to putting your financial life together.

1. The Richest Man in Babylon by George S. Clason

This classic contains 7 solid money management lessons that have become the foundation most personal finance books out there. As the author puts it, the book is a cure for a lean purse. This book is the first of its kind. It is the book where most personal finance coaches draw their inspiration from.

If you’re totally new to the world of personal finance, it’s best to get started here before reading other sophisticated material that has probably gotten their underlying principles from this book. The only setback I see is that the English style is relatively difficult to read since it was written almost 100 years ago.

2. Set For Life by Scott Trench

If you’re in your 20s or 30s and want to learn the basics of personal finance or probably want to be financially free, I’d recommend you start with this book. It starts with the basics like tracking and cutting your expenses, to deeper lessons like tips to live smarter and how you can save up and invest till you have a $100k net worth.