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Money Management Books You Should Read This Year

by Jaime Russell | Jul 11, 2018

Being well-read can benefit you in multitudinous ways, be it by expanding your imagination by transporting you to places beyond reality, helping provide context for how you fit into the universe that we know or providing a means to unwind at the end of a stressful day. Being well-read can also help you better enable yourself to make your money work for you, provided that you know which books on the subject have proven successful for others. If you want to expand your understanding of money management, consider the following books.

“If You Can: How Millennials Can Get Rich Slowly”

Business Insider Deputy Editor Libby Kane recommends this book to people in their 20s in particular, especially if they hope to someday retire with $1 million. Penned by William Bernstein, Ph.D., M.D., co-principal at money management firm Efficient Frontier Advisors, this book aims to give millennials the tools necessary to start on the right path to retirement in a brief 7,000 words. The expertise within has netted “If You Can” an average 4.5 stars out of 5 from reviewers on Amazon.com, and the inexpensive $.99 price point for a Kindle copy has helped position it as one of website’s best-selling eBooks in the subject of Investing and Mutual Funds.

“Saving for Retirement (Without Living Like a Pauper or Winning the Lottery)”

Kiplinger Contributing Editor Erin Burt recommended Gail MarksJarvis’s “Saving for Retirement (Without Living Like a Pauper or Winning the Lottery)” in 2007, praising it for “[giving] you the nitty gritty details you seek without sending your head into a spin.” A decade later, MarksJarvis’s book remains a highly useful resource for aspiring retirees who may feel otherwise overwhelmed by the world of saving and investing. MarksJarvis based the information and its presentation in “Saving for Retirement” on questions she received during her tenure as a financial columnist for the Chicago Tribune, which lends the book a more personable approach that makes comprehension all the easier.

“Think and Grow Rich”

If Sun Tsu’s “The Art of War” is the Holy Grail of leadership manuals, then Napoleon Hill’s “Think and Grow Rich” is the equivalent for money management. Geoffrey James, Contributing Editor, Inc.com, ranked Hill’s book No. 1 on his list of the “Top 10 Personal Finance Books of All Time,” and with good reason: the book with written at the behest of mogul Andrew Carnegie and explores the mindset necessary to achieve financial independence. “Think and Grow Rich” has been praised by intellectuals, entrepreneurs and senators in the 70 years since its publication for its 13-step approach to success, and it has sold more than 100 million copies worldwide. If you need a place to begin your education, look no further.

With these and so many other books geared specifically toward helping you better manage your money and grow your success, there is no excuse not to go out of your way to educate yourself. Knowledge is the greatest path to empowerment, so put yourself in a position to succeed by feeding your mind what it craves.

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