10 Financial Books That Will Change Your Life (and Finances) – Yahoo Finance

Managing your money can seem difficult. If you work for a company and earn a salary, then there is only so much money to go around. And if you have debt, things can be even more complicated. You might think it’s impossible to get ahead or you’ll never have any money; these thoughts are common.
Did You Know: See the Full List of Money's Most Influential and More
Follow Along:
31 Days of Living Richer

While it’s easy to fall into this way of thinking, it can be difficult to address the problem head-on if you don’t have the proper guidance. What’s more, these days, it is essential to invest for a financially secure retirement. And yet, we don’t always have the information we need to make informed investment decisions.
Read: 35 Useless Expenses You Need To Slash From Your Budget Now
These problems can seem difficult to deal with, but having the right information can make things a whole lot easier. These books will address these problems and more. Let’s jump right in.
Last updated: Sept. 29, 2021
We would all like to be good with money, wouldn’t we? This book provides a framework of 10 steps you need to get better with money. Specifically, it covers topics such as investing, getting out of debt and building credit. Aliche is entirely supportive and non-judgmental, which is especially helpful if you have a lot of debt. The book focuses on financial “wholeness,” which helps readers improve every area of their finances and become “whole.”
More: Best Money Experts for Each Generation
“Rich Bitch” is another book that provides a step-by-step framework and does so in a very relatable way. The author lays out her 12-step plan with you, making sure to cover all of the blunders she had along the way. This book was recommended by Annette Harris, founder of Harris Financial Coaching. She had this to say about the book: “In Nicole Lapin's book, she talks to you like a real human being and explains her struggles with finances. There's no fluff and it offers real-life situations that she occurred in her life and how you can use those situations she experienced to change your financial outlook.”
Read: Where Do Americans Get Their Money Advice? Top TV Shows
This book specifically addresses millennials’ money issues. Increasing levels of student loan debt and wage stagnation can make building wealth seem impossible for young people today. From this perspective, the book addresses many of the most common personal finance topics, including paying off loans, buying a car, saving money and investing. The author, Rachel Podnos, is a certified financial planner and has a penchant for helping millennials with her everyday work.
Read: Self-Taught Investor Andrew Sather Shares the 2 Key Things He Did To Boost His Portfolio
As the name implies, this book approaches personal finance from the perspective of Babylonian principles. It covers a variety of topics, including thrift, financial planning and personal wealth. Claudia Gonzalez, a financial advisor at Kovar Wealth Management, recommends this book. “‘The Richest Man in Babylon’ is a great personal finance book! By the use of different scenarios, this book teaches the basic principles of personal finance: saving, getting out of debt and putting your money to work.” The book covers a range of different topics, making it great for anyone who wants to improve their finances.
Find Out: Best Expert Money Advice for Millennials
This book is excellent for two reasons: It makes a less common trading strategy easy to understand, and it features women's stories of wealth-building challenges and successes. Both of these areas are a bit underappreciated in the personal finance world. Itkin used the very strategy she outlines in the book to build a multimillion-dollar portfolio, starting when she was in her 20s. In particular, it teaches you how to use options trading to lower your risk, grow your money by investing like the pros and stop paying high fees on investments. And, of course, it helps women overcome obstacles they face in achieving financial independence.
Discover: Best Expert Money Advice for Women
While this book is more philosophical than a step-by-step approach to tackling a specific money problem, it can indeed be life-changing. The author, Steven Bartlett, is CEO of Social Chain, a social media agency based in the U.K.
At the age of 18, Steven wrote about how he wanted to become a “happy, sexy millionaire.” By 25, he was a multimillionaire and had everything he thought he wanted. It turned out he was wrong about everything he assumed about financial success. This book talks about what he learned.
Find Out: Money Advice Experts Would Give Their Younger Selves
This book is a little different from the others on this list because it is a children’s book. Although it isn’t intended for the youngest of kids (ages 10-14 recommended), it teaches some important principles. A common pain point for many people is that they didn’t learn as much about personal finance at a young age as they wish they had. Thankfully, this book teaches a younger audience to invest, start a business and save money. This helps children build the foundational knowledge they need to get a head start to financial success.
Check Out: The 50/30/20 Rule: Is It the Best Budgeting Method?
This book talks about financial topics that can sometimes be a bit dry in a more light-hearted way. As its Amazon description says, “In Baker’s Dirty Dozen Principles for Financial Independence, you will find no highfalutin economic theory or fancy-schmancy money formulas.”
The book was recommended by David Ashy, CFP at Mustard Seed Wealth Management, who had this to say: “This is down to earth book written in an entertaining way with lots of good stories. Very readable and an excellent choice for the beginner. Baker teaches personal finance at several pharmacy schools. Just good 'ole common horse sense that's easy to follow!”
Learn: 16 Effective Ways To Trick Yourself Into Saving Money
This book by Roger Ma tackles the two-headed monster that is your career and your finances. Many of us are unhappy with both even though we are doing the things we’re “supposed to do.” The book thus gives both career advice and financial advice, helping you achieve your goals in both areas.
In doing so, it can help remove the stressors that keep you up at night. It also helps you apply personal finance principles to your life in a simple, easy-to-understand way. This book was recommended by Anuj Nayar, vice president, head of communications & financial health officer at Lending Club.
See: 5 Things To Negotiate at Your Job Other Than Salary
As you can probably guess, this book is all about helping people get out of debt. As the book notes, 8 out of 10 Americans currently have some form of debt; a staggering statistic. While some forms of debt are more problematic than others, that is nonetheless a very high percentage. The book also mentions the fact that debt hurts your ability to invest, save and create a better life. It’s true: With some forms of debt, you don’t benefit on an ongoing basis. This book was also recommended by Anuj Nayar.
[rock-component slug="more-from-gobankingrates"]
This article originally appeared on GOBankingRates.com: 10 Financial Books That Will Change Your Life (and Finances)
In the coming decade, artificial intelligence (AI) will transform many industries, boosting productivity and efficiency. More importantly, Lemonade (NYSE: LMND) looks like a smart way to cash in on that trend. Powered by a unique business model and a strong growth strategy, Lemonade is disrupting the multi-trillion dollar insurance industry.
As the Senate Armed Services Committee gets ready to grill military leaders about the Afghanistan debacle on Tuesday, multiple recent Department of Defense officials tell Fox News that an internal focus on left-wing cultural battles likely distracted top brass from Afghanistan planning and military readiness.
Analysts' loftiest price targets portend significant upside for these widely owned (and followed) stocks.
The pandemic forced people to regroup financially and reassess what they were doing right with their money and what they were doing wrong. In most cases, the answer was to be more conservative —…
Nobody knows whether the market will crash. But if it does, I'm stocking up on these investments.
Not every money "rule of thumb" that you may have grown up adhering to is still relevant for your Gen Z kids. After all, this generation is growing up in a very different world than you did — they've…
On July 15, the families of 60 million American children received their share of a $15 billion fortune, compliments of the U.S. Treasury and the IRS. It was the first round of payments for the…
Take a look at the world's wealthiest people and you'll find a few self-made barons on the list, but a whole bunch of the world's aristocrats have never known anything else because they were born…
Move over spring! Autumn is the best season for getting new perennials, trees, and more in the ground.
Naked Brand Group Ltd (NASDAQ: NAKD) is trading lower Wednesday after the stock surged higher over the last week following positive commentary from the company's chairman and CEO, Justin Davis-Rice. Davis-Rice said Friday that Naked Brand Group had found an opportunity in clean technology. "I am happy to report that after extensive searching and due diligence, we believe we have found a disruptive opportunity in the clean technology sector. Due diligence on both sides is progressing and we belie
Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, on Monday said that a fresh surge in inflation is making him nervous and warned that the accelerating pricing pressures could compel the Federal Reserve to raise interest rates at faster clip than currently anticipated, which could deliver a correction to equity benchmarks.
Rising Treasury bond yields around the world fueled a sell-off on Wall Street this week, as investors start to worry that stocks may be priced too high. The shift in the market comes as the Federal Reserve gives hints that it may switch from its current ultra-low rate policy to gradual rate increases as early as next year. Such a move will boost bond yields, a development that typically comes at the expense of stocks. In addition to worries about the Fed’s rate policy, markets are also dealing w
CoinDesk Learn Editor Ollie Leech explains Elon Musk's recent comments on crypto regulation and the fallout from China's most recent crypto crackdown. 
If you were planning to do a “Roth IRA” conversion to keep your retirement savings permanently out of the hands of the IRS, you might want to get on it. The new tax bill on Capitol Hill is going to scrap these conversions for everybody after the end of the year—and, no, not just for those earning more than $400,000 a year. The bill “prohibits all employee after-tax contributions in qualified plans and prohibits after-tax IRA contributions from being converted to Roth regardless of income level, effective for distributions, transfers, and contributions made after Dec. 31, 2021,” reports the House Ways & Means Committee.
For example, portfolio allocation is a simple concept; the complexity comes with your age, personal risk preferences and work retirement plans. A free and simple program where you drop in your data online offers basic advice and is a good fit if you have only one financial goal, like saving for retirement. As you consider saving for competing goals like your children’s college education, a home and retirement, take the time to a professional who can help you balance your goals while creating financial wellness.
Yahoo Finance's Brian Sozzi, Julie Hyman, and Brian Cheung break down the morning's top stock movers, including Lucid & Sherwin-Williams
(Bloomberg) — Apple Inc.’s corporate treasurer and keeper of its nearly $200 billion money pile has retired from the iPhone maker after about 35 years, according to people with knowledge of the matter. Most Read from BloombergThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtThe Unstoppable Appeal of Highway ExpansionWall Street Titans Warn of the Next Big Risks for InvestorsHSBC Bets Big on China as Pressure Mounts in LondonHow Los Angeles Became the City of D
Investors trading meme stocks spent Wednesday looking at a lot of red. The unofficial meme-stock index took a uniform pounding on Wednesday, with major names down significantly, and even a meme rotation into clean-energy names looked to slow down as retail investors found themselves playing an uneventful game of Whack-a-Mole trying to find heavily-shorted stocks to play for squeezes. Ur-memes like GameStop (GME) AMC Entertainment (AMC) Blackberry (BB) and Koss (KOSS) all closed down to continue a rough weekly trend, and even new names like Clean Energy Fuels Corp (CLNE) and Canoo (GOEV) could not benefit from what seemed like early-week momentum of meme-stock traders plunging into renewable and green-energy names.
(Bloomberg) — Lordstown Motors Corp., the electric-truck startup that acquired an Ohio car factory from General Motors Co., is near an agreement to sell the highly politicized plant to Taiwan’s Foxconn Technology Group after owning it less than two years, people familiar with the matter said.Most Read from BloombergThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtThe Unstoppable Appeal of Highway ExpansionWall Street Titans Warn of the Next Big Risks for Inves
(Bloomberg) — Brightline Holdings, Fortress Investment Group’s rail company, will finalize the financing plans for its $8 billion project laying train tracks to Las Vegas from southern California within the next six months, Chief Executive Officer Michael Reininger said during a press briefing Tuesday.Most Read from BloombergThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtThe Unstoppable Appeal of Highway ExpansionHSBC Bets Big on China as Pressure Mounts in