You don't need to be 45 years old and balding to take an active interest in your personal finance. In fact, the younger you start having an involvement of where your money goes and how it can work for you, the better. If you are lost, confused, or don't know where to start when it comes to this area, then these books should help inform you and get you where you want to be.
I Will Teach You To Be Rich by Ramit Sethi
It's been mentioned before - big fan of Ramit Sethi's bestselling book. It really doesn't matter what type of philosophy you have when it comes to money, there are parts of this book that will speak to you. The book focuses on multiple aspects of your personal finance, whether you are in debt, or well off. It emphasizes the importance of saving young, and how to best allocate your funds when you get your first "adult" job.
Many people who read this book are big fans of the way that Sethi helps cut costs and focus on the big wins, and dig your way out of mountains of debt. There's really nothing more to say. If you follow the 6 week program in this book, you will be in control of your finances and probably a lot more pleased in the direction your life is headed.
The Millionaire Next Door by Thomas J. Stanley
Have you ever wondered how the rich become the rich? Do you want to know how the wealthy conduct themselves to get in the position they are in? Thomas Stanley's book The Millionaire Next Door, originally published in 1996, examines just that. Quite simply, it studies millionaires and the habits they have, as well as how they tend to spend (or not spend) their money.
What's also interesting about this particular book is that it studies the "wannabe" rich people as well. There are lots of people in financial stress driving around in brand new 3 series BMWs that they simply cannot afford. Stanley examines the mindset behind this continuous spending in order to keep up appearances. And don't let the 1996 publication date scare you away, this book is every bit as relative today as it was back then, and has agred very well.
Rich Dad Poor Dad by Robert Kiyosaki
By now you have probably heard of Rich Dad Poor Dad. If you remember, it caused quite a stir throughout the early to mid 2000s. What's particularly interesting about the book is the way most people love it, but it also has a dedicated group of haters.
Regardless of what you've heard of RDPD, it's a personal finance book that sends a good overall message, and it is definitely something that everyone should read at least once. Tons of copies were printed, and you can pick one up pretty much anywhere that books are sold. At least give it a shot.
The Millionaire Fastlane by MJ DeMarco
This is by far the most entrepreneurial-focused book on this list, and it also might be the most mind blowing as well. In TMF, MJ DeMarco groups consumers into groups, the Sidewalk, Slowlane, and Fastlane. You may think that this is just an analogy for poor, middle, and upper class, but it isn't. One could be a multimillionaire sidewalker, who is unable to control the money in their lifestyle.
The Millionaire Fastlane also places a focus on building a successful business, one that fulfills a need and can be scaled to grow exponentially. If you have ever read a book on building a business before, this won't be anything like it. Nothing is sugarcoated, and it shares real life experiences and examples of MJ's success and failures as an entrepreneur. There's a lot you can learn from him.
The 4-Hour Work Week by Tim Ferriss
Like Kiyosaki's Rich Dad Poor Dad, this is a book that has sold millions and you have probably heard of it. Also like RDPD it seems to be very hit our miss with people. And the same recommendation exists for this book: everyone should read it.
Don't let Tim Ferriss' title fool you. This is a book with the ultimate goal of getting you to a four hour work week, but it by no means suggests that it is easy. The whole point of the book is outlining the steps you need to take in order to stop trading your time for money, and outsource all possible work to overseas Virtual Assistants (VAs). Some people do not like the appeal of the book and find the title misleading, but it's unfair to not give this one a shot. If nothing itself, it is a very inspiring read.
Choose Yourself by James Altucher
This book is one of the newer ones on this list, and for that reason alone makes it appealing to almost anybody. It addresses more current issues like the crash of 2008 and the current state of the economy and job scene. It's a book that almost anyone can relate to. And it's both sad and inspiring.
James Altucher talks about the importance of being able to choose yourself, which means forge your own path in life, and getting the things you want without relying on a corporate job, a wealthy upbringing, etc. This is a man who has been a millionaire, homeless, and a millionaire again all within the past 15 years. He is someone who has experienced the feelings of being alone, and the stress of a family. No matter who you are, this is a book that you should read.
Often times you will hear of people recommending Napoleon Hill's Think and Grow Rich as one of the best personal finance books of all time. It was specifically left off of this list, and not because it's a bad book by any means. In fact, you should read it. But Choose Yourself is the book of today, and it's the one that every young man and woman should have the knowledge and experience of. It's been a life-changing book for thousands of people, start reading it today.