We all know that money makes the world go round and if you really want to live a healthy and prosperous life, money is an important component. Unfortunately, a large group of people in the US find it difficult to manage their finances. While it’s unfortunate, it’s understandable. Only seven states require schools to provide standalone finance education, and lawmakers in 25 states and the District of Columbia just began introducing financial education legislation this year.
Additionally, according to data, about 62 percent of men are financially literate, compared to about 52 percent of women. Likewise, the data shows that about 64 percent of adults living in high-income households are financially literate, compared to about 47 percent of adults living in low-income households.
But there is light at the end of the tunnel. Countless resources are available in various mediums, but nothing beats a good book.
We have compiled a list of personal finance books to help you understand finance and get your wallet in shape.
01
Heart and hectic: Use your passion. Build your brand. Realize your dreams.
International Youtube sensation Patricia Bright has been building her empire in front of her viewers for more than a decade. Now she’s sharing the lessons she learned in her first book, Heart and Hustle.
02
Manage Money Well: Ten Simple Steps to Become Financially Healthy
Tiffany Aliche (aka Budgetnista) was a successful preschool teacher with substantial savings and was a hit for years. This came to an abrupt end when a recession and the advice of an incompetent advisor left her drowning in debt. As she worked to keep her head above water, Aliche drafted a ten-step formula to help her get her financial goals on track. These principles have now helped more than a million women worldwide save and pay off millions in debt and begin planning for a richer life.
03
We Should All Be Millionaires: A Women’s Guide to Earning More, Building Wealth, and Gaining Economic Power
Only men are expected to be millionaires – or are they? Rachel Rogers says “fucking no.” The mother of four, lawyer, business owner and self-made millionaire – shares the lessons she’s learned both on her own journey to wealth and coaching hundreds of women on their own journey to seven figures.
04
Black Girls’ Guide to Financial Freedom: Build Wealth, Retire Early, and Live the Life of Your Dreams
Author Paris Woods breaks down complicated financial issues in her guide curated specifically for black women. This book is perfect for Black women of all ages, including young professionals who are just starting to set financial goals and mid-career women who are tired of following the same old rules and are ready to give their To live life on their own terms. If freedom is your goal, then this is the book for you.
05
Fearless money mindset: I’m not scared of broke
Arian Simone, serial entrepreneur and founder of venture capital firm Fearless Fund, may seem like she’s always known everything there is to know about money. In her book, she lets us know that’s not true – and invites readers to follow her journey to financial freedom step by step.
