The Best Money Books, Financial Podcasts and Blogs
Money management is a crucial skill that everyone should strive to master. In order to help our readers make informed decisions about their finances, we reached out to financial experts for their recommendations on the best money-related books, podcasts, and internet resources. Here is a curated list of their top picks:
1. “Same as Ever” by Morgan Housel
Brian Long, tax director at Wealth Enhancement, highly recommends this book for its grounded perspective on global events and financial decision-making. He credits it with helping him make smart choices during uncertain times.
2. “The Richest Man in Babylon” by George Clason
This classic book, first published in 1926, uses parables to teach financial best practices. Greg Furer, CEO and founder of Beratung Advisors, describes it as a timeless read that offers valuable insights through its stories.
3. “Broke Millennial” by Erin Lowry
Recommended by Christina Roman, consumer education and advocacy manager for Experian, this book is suitable for anyone looking to improve their financial literacy. Roman praises its relatability and compelling storytelling, making complex money topics easy to understand.
4. “Die with Zero” by Bill Perkins
Long suggests this thought-provoking book by hedge fund manager and poker player Bill Perkins. It encourages readers to rethink their approach to finances and life experiences, offering a fresh perspective on wealth management.
5. “The Psychology of Money” by Morgan Housel
Highly recommended by numerous experts, including W. Michael Lofley and Abrin Berkemeyer, this book explores the emotional side of money management. Lofley praises its approachability, while Berkemeyer highlights its distinction between rational and reasonable financial decisions.
6. “You Need a Budget” by Jesse Mecham
Known as YNAB, this personal finance software has gained popularity for its practical approach to budgeting. The accompanying book and app are highly recommended for anyone looking to take control of their finances.
These recommendations cover a wide range of topics, from financial decision-making to budgeting and investing. By exploring these resources, readers can gain valuable insights and improve their financial acumen. Remember, the key to financial success lies in continuous learning and informed decision-making. Long, a financial expert, has been using a personal finance app for over 10 years, and he believes it has been instrumental in keeping him accountable, organized, and aware of his financial situation. As someone who understands the importance of financial literacy and planning, Long recommends several books and resources to help others improve their financial health.
One book that Long endorses is “The Millionaire Next Door” by Thomas Stanley. This book delves into the habits of two types of individuals: Under Accumulators of Wealth (UAWs) and Prodigious Accumulators of Wealth (PAWs). Long suggests reading the first chapter online for free to get a taste of the valuable insights offered in this book.
Another recommendation from Long is “So Good They Can’t Ignore You” by Cal Newport. This book challenges the popular advice of following one’s passion and instead advocates for focusing on one’s strengths and financial opportunities. Long believes that this perspective can help individuals make more informed decisions about their careers and financial goals.
For a comprehensive guide to personal finance, Long suggests “The Truth About Money” by Ric Edelman. This book covers a wide range of topics including retirement planning, investing, estate planning, taxes, and more. Long appreciates the format of the book, which allows readers to focus on specific topics that are most relevant to their financial situation.
In addition to books, Long also recommends podcasts and YouTube channels for valuable financial advice. One such recommendation is “The Prof G Pod” by Scott Galloway. Galloway’s blunt and practical approach to personal finance resonates with Long, as he provides insightful commentary on various financial topics. Long also finds Galloway’s insights on digital marketing to be particularly valuable in today’s financial landscape.
Lastly, Long suggests “The Ramsey Show” podcast hosted by Dave Ramsey. Ramsey is a renowned financial planner who helps individuals get out of debt and achieve their financial goals. Long believes that Ramsey’s practical advice and budgeting strategies can be beneficial for those looking to improve their financial well-being.
Overall, Long’s recommendations reflect his commitment to helping others improve their financial literacy and make informed decisions about their money. By leveraging these resources, individuals can gain valuable insights and tools to enhance their financial health and achieve their long-term goals.
