Looking for A Book Recommendation for Your Students?
I will often get this question from students (ok, maybe not often but sometimes). What book should I read to become smarter about personal finance? Or maybe you want to buy a gift for your children, nieces or nephews. I have to admit being a bit outdated as the books that influenced me were from the 1990s (think Peter Lynch’s One Up on Wall Street) and were principally focused on investing. I thought I would try and put together a meta-analysis to see who keeps showing up on these lists. For simplicity, I took the first five books mentioned in the article to keep the list to a manageable size. My conclusion: If you want a best seller, include Millionaire in the title!
From Time:
- Think and Grow Rich (Napoleon Hill)
- Secrets of Millionaire Mind (T. Harv Eker)
- Money Book For Young, Fabulous and Broke (Suze Orman)
- Total Money Makeover (Dave Ramsey)
- The Millionaire Next Door (Stanley and Danko)
Amazon Best Sellers (as of November 18, 2014):
- Money: Master the Game (Tony Robbins)
- Total Money Makeover (Dave Ramsey)
- The Compound Effect (Darren Harvey)
- Think and Grow Rich (Napoleon Hill)
- The Millionaire Next Door (Stanley and Danko)
From Business Insider:
- The Millionaire Next Door (Stanley and Danko)
- The Investment Answer (Goldie and Murray): I gave this book to my siblings as I love their approach to investing.
- I Will Teach You to Be Rich (Ramit Sethi)
- Thinking Fast and Slow (Daniel Kahneman)
- The Automatic Millionaire (David Bach)
From LifeHack:
- The Millionaire Next Door (Stanley and Danko)
- The Investment Answer (Goldie and Murray)
- Psyche Yourself Rich (Farnoosh Tarobi)
- The Millionaire Mind (Thomas Stanley
- I Will Teach You to Be Rich (Ramit Sethi)
From Wisebread:
- Why Didn’t They Teach Me This in School? Personal Money Management Principles to Live By (Cary Siegel)
- Money Book For Young, Fabulous and Broke (Suze Orman)
- Your Money: The Missing Manual (J.D. Roth)
- Get a Financial Life: Personal Finance in Your Twenties and Thirties (Beth Kobliner)
- Personal Finance Simplified
About the Author
Tim Ranzetta
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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