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The Top 5 Money Books of All-Time

By Edited Feb 26, 2016 11 27

The Best Books on Money, Ever

Whether you are Warren Buffett or just a newbie creating your first brokerage account on E*Trade, reading investment and money books is a must! If I've learned one thing over the years, it's that there is always room to learn. Investing can be a daunting task, but it doesn't have to be. All it takes is reading and learning new words, phrases, strategies, etc. Although websites such as the Motley Fool are very useful, I believe reading investment books is the number one way you can learn about investing and money.

Simply put, you won't get rich without investing, and you won't learn how to invest without reading (and patience!)

Here are my top 5 books on investing of all-time. They have absolutely changed the way I think about money. I hope these books can help you not only become a better investor, but change your views on money:

5)A Million Bucks By 30 - By Alan Corey.

A Million Bucks By 30
How can a 20-something, average Joe who makes $40k a year, has no special talents...become a millionaire in less than 10 years? The answers are between the pages, my friends! Mr. Corey's book was one of the first I've read on personal finance. It shows you that ANYBODY in this country can become a millionaire with a little persistance and effort. I love this book because of how he gives you an update on his finances every year (he posts his goals with his finances and tracks his path along the way to making a million).

If you get one thing out of this book, it should be that living below your means is VERY imporant if you want to build your net worth, especially early on in life.  *You must also put yourself in the position to be "lucky." Lady luck only rewards those who are kind to her! If you're in your twenties this is a MUST read, plain and simple.

4)  The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime - By MJ Demarco.

MJ DeMarco is the former founder and CEO of Limos.com (1997-2007), and a multimillionaire entrepreneur, author, and the revolutionary "get rich slow" anti-guru.

This book simply amazed me from start to finish. Even though there have been many investment

The Millionaire Fastlane
books released over the years, The Millionaire Fastlane manages to keep the topics very fresh. Although similiar to Rich Dad Poor Dad in some ways, the Millionaire Fastlane STILL manages to keep its material fresh and thought-provoking, yet easy to comprehend for the new investor. As one Amazon reader pointed out, although the book isn't exactly revolutionary, it is EVOLUTIONARY!

This is a new entry to my list as I only recently read this two weeks ago. I wouldn't be here at InfoBarrel if it wasn't for this book, either, as I learned about the site on his Facebook page. Give this book a read and thank me later.

3) The Richest Man in Babylon - By George S. Clason.

I think it's amazing that this book was written nearly 90 years ago, yet the lessons of money/wealth

The Richest Man in Babylon
it teaches have NOT changed! The book is sased on the famous "Babylonian principles."

Read this book to learn more on the "secrets" to "acquiring money, keeping money, and making money earn more money." There is quite simply to many good things to say about this book. It's wisdom is timeless! A must read.

2) The Millionaire Next Door - By Thomas Stanley and William Danko.

The Millionaire Next Door
The surprising secrets of America's wealthy are surprising, indeed. If you want to be wealthy, you must STUDY the wealthy, period.

Have you heard the phrase, "nothing is what is seems?" Well, it's true. There are many people out there with huge houses, 5-6 cars, boats, etc. Yet they could are poor! Zero net worth! Living below your means and investing over time is a proven method to building wealth, period. Buy assets, not liabilities. This book will really open up the way you think about wealth, money and investing.   

And onto numero uno...

 

Rich Dad, Poor Dad(74482)

1) Rich Dad, Poor Dad - By Robert Kiyosaki - Kiyosaki is considered a controversial figure but I can never understand why. The best things I learned from this book are the beauty of passive income, the importance of investing in assets and not liabilities, and cash flow.

*The poor buy liabilities they think are assets... the rich buy assets that pay off their liabilities*

Did you know there is more than one type of "income"? I used to think job=income like everyone else. Work harder and make more money from your job and you'll get out of the rat race. But there are other forms of income such as passive, portfolio, etc.

Last year I made nearly as much money from my investments, than from my 9-5 job. I don't think I would have done that if it wasn't for this book, which inspired me to start investing. If you are new to investing and personal finance this is probably the book for you. It changed my life and I think it can change yours, too. Don't believe the negativity out there, that's it's not a "how-to" book. It was never supposed to be! What it is, is pure inspiration.

If you are new to investing and finance you will learn a ton from this book, I guarentee it. I literally owe everything to this book because it sparked my interest in investing and opened my mind up to new ideas and possibilities!

Did I leave any of your favorite investing and money books out? Comment below.

The Millionaire Next Door: The Surprising Secrets of America's Wealthy
Amazon Price: $16.95 $8.50 Buy Now
(price as of Feb 26, 2016)
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Comments

Jan 4, 2012 2:33am
WebAddict
Rich dad, poor dad is no doubt the best. Thumbs up for your article!
Jan 4, 2012 5:56am
karencreftor
Hehe my fella is already flabberghasted at the amount of books I own, I now have 5 more to add!

Great article thanks. I love The One Minute Millionaire and The 4 Hour Work Week~ both well worth a read.

~Kaz x
Jan 4, 2012 9:31am
GoldSilverInvestor
Thanks, there are so many good ones out there. For real estate, I really like Matthew Martinez (2 Years to a Million in Real Estate) and The Millionaire Real Estate Investor (Wriiten by the guy from Keller-Williams realty). A million bucks by 30 is the least well-known on this list, but it's worth a read!
Jan 4, 2012 10:42am
jeni10
As the saying goes, 'knowledge is power!' I'd never thought about reading investment books, but since I'm here producing passive income, you've convinced me of the importance of reading them. Thanks for sharing. Google + and posted to Facebook and Twitter.
Jan 4, 2012 3:27pm
footloose
I read and gave my kids The Richest Man in Babylon many years ago. It is a true classic and I'm glad to see you favor it too. Also Rich Dad Poor Dad is owned by my kids (great minds must think alike!). I may familarize myself with your others listed. Congratz on the feature.
Jan 4, 2012 9:01pm
tekaha
wow about this list of the top five money books of all time! i've only read the millionaire next door. i need to get started ASAP on these others! the millionaire fastland and a million bucks by 30 look the most appealing to me right now. great article!
Jan 4, 2012 9:01pm
tekaha
wow about this list of the top five money books of all time! i've only read the millionaire next door. i need to get started ASAP on these others! the millionaire fastland and a million bucks by 30 look the most appealing to me right now. great article!
Jan 4, 2012 9:01pm
tekaha
wow about this list of the top five money books of all time! i've only read the millionaire next door. i need to get started ASAP on these others! the millionaire fastland and a million bucks by 30 look the most appealing to me right now. great article!
Jan 5, 2012 9:43pm
aguy
Awesome list. Very motivational.
Jan 7, 2012 4:04am
MrKnowItAll54321
I like the look of Rich Dad, Poor Dad.
Jan 9, 2012 12:45am
CharlotteZ
I loved your #1 and have heard great things about 2 and 3. Will add them to my reading list.
Jan 9, 2012 3:25am
Tina3
Great list and great feature article! I agree with your number 1 as that was the first investing/financial smarts book I read years ago on the beginning of my journey to financial freedom. My most recent read has been Tim Ferris's 4 Hour Work Week and I'm a big fan of his. There are now some good e-books on the subject available too.
Thanks for a good read!
Jan 9, 2012 3:14pm
vespito
Good article - I have been meaning to read Richest Man in Babylon for ages - think I'll see if our library has it!
Jan 9, 2012 9:57pm
southerngirl09
Thanks for the list, some of these are familiar, and some are new to me. Looks like a good way to start the New Year. Congratulations on the Feature!
Jan 9, 2012 10:44pm
Deborah-Diane
These are all excellent books. Fabulous list.
Jan 10, 2012 11:53pm
NMansur
Yes! I've read most of these books, all fantastic.
Jan 12, 2012 10:41am
TriDoc7
I've read them all. Great post to share. Tim Ferris is another must read. I would add that hope and luck do not equal success. There is no easy button, but hard work and effort will win the day.
Jan 12, 2012 4:58pm
Goldenpig
The richest man in babylon is an excellent book. I have read it four or five times and purchased copies to give to friends and family. I also enjoyed rich dad poor dad and, purchased several other wealth building books by Kiyosaki.
Jan 17, 2012 3:21am
kigozi
On your list, I have "The Richest Man in Babylon" and "RichDad PoorDad." I've read and re-read the two books and man, they have changed the way I think about money. Thanks for the good work and I'm gonna look for the other three too.
Feb 3, 2012 5:17am
KrisSigeti
I have never read any of these books, so thank you for the recommendations! All the comments here are great too.
Oct 31, 2012 9:09am
psidwell
I've read #1 and #2, now to check out the rest! Thanks for introducing me to the titles. My view on why R. Kiyosaki is considered controversial is because he advocates extreme leveraging- going deep into debt with the hopes of finding a tenant for your real estate holdings. Too risky in any environment. I prefer the Dave Ramsey 'get slow rich' method, which is really the way to go.
Nov 4, 2012 5:21am
barringtonlewis
Great books indeed! 3 of my favorite - Rich Dad Poor Dad, Richest Man in Babylon, and Millionaire Next Door. I love them because of their simplicity and because almost anyone can understand how to get their finances in order.
Nov 6, 2012 1:47am
JConrad
Nice! Tweeted.
Mar 10, 2013 3:26am
theodaskilo
Awesome collection here. The Millionare Fastlane by MJ Demarco is by far the best book I have ever read.
It changed my life instantly. In fact, I dont think there is any point in reading anymore books for the purpose of learning how to create freedom and financial independance.

Im not sure if this is a case of "dont judge a book by its cover", but this book is a must read! It will open your eyes and alter the way you think about creating wealth.

I would be suprised if even one person didnt agree with me.
May 4, 2013 7:56pm
Alex-Gopson
I've read your #1, #2, and #4. Personally, I think that your #4 should be the top one. The Millionaire Fastlane is by far the most thrilling book I have ever had the chance to read. It sucks you in and makes you want to pursue being independently wealthy in a way that I have never felt before.

Also, another good one not on this list is "Think and Grow Rich" by Napoleon Hill. A bit dated, but the same principles apply.
Feb 26, 2014 8:47pm
Larah
I have read number 1 and number 3 and heard about number 4 on one of Pat Flynn's podcast. I agreed with you, you can get so much motivation and knowledge by learning from these guys.
Sep 9, 2016 5:23pm
Traderj2016
Great books!
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