How to Become Financially Literate: The Best Books for Success

Financial literacy is one of the most essential skills you can develop over your lifetime. Unfortunately, understanding how to spend money and what it means to be financially healthy is wholly lost in many educational classrooms. As a result, many people turn to books and other sources of education to better manage their money.

Financial education is critical to becoming successful, and luckily, there are hundreds upon hundreds of different books out there that exist that are only focused on how to make money and how to become financially literate.

In this article, we will talk about the top ten books that will help you get on the right track to becoming more financially literate and aware of how to prepare for your future in the best way possible.

Best Books for Financial Literacy

When you expand your world and mind, there are unique insights you could find that you would never be able to see from your inner circle. That’s why books and other leaders are the most important people and tools you can learn from. When in doubt, turning to other business leaders who have succeeded before you will allow you to become more educated and aware of what your options are.

Here are the top books I recommend reading to encourage financial education and learn more about making money.

#1: Rich Dad Poor Dad by Robert Kiyosaki

As one of my favorite financial literacy books, this book teaches you a lot about how to make money. Robert Kiyosaki shares his insights from growing up with his father and his family friend, who taught him much about money. This is highly recommended for anyone looking for background information on what it takes to find financial success and financial health.

#2: Richest Man in Babylon by Robert S. Clason

This book was published in 1926, but it has indispensable financial advice for anyone looking to understand what it means to be wealthy. The book contains information about financial planning and personal wealth, all derived from a simple story sharing the tale of a man searching for wealth and traveling the world to achieve it.

#3: Millionaire Next Door by Thomas J. Stanley and William D. Danko

This is another excellent book that helps with financial literacy because it shares the seven common traits that show up again and again in those who have become successful and wealthy. This is an excellent book with a lot of information from some of the wealthiest individuals in the world, which can help anyone looking to become successful and improve their financial education truly.

#4: Think and Grow Rich by Napoleon Hill

As one of the most famous books of all time on financial literacy and self-improvement, this book was published in 1937 and contains a significant amount of information from some of the most outstanding thought leaders in the world and business. For anyone looking to be significantly successful and achieve financial wealth, this honestly does give you an appropriate insight into financial education from some of the most famous business leaders of all time.

#5: The Simplest Path to Wealth by J. L. Collins

This book seriously has a wealth of information. This provides an excellent pathway for beginners who want to invest and become significantly successful. This talks about financial freedom, how to invest to earn early retirement, and the types of investments in which only the experts will become involved. This is a must-have on their book list for anyone genuinely thinking about financial freedom or becoming more financially literate.

#6: The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money by Rob Lieber

This is an excellent book for those who want to focus on financial literacy for their children and even building generational wealth. This book explains how parents are raising kids who are becoming more thoughtful about money, more financially literate than ever before, and helping to create stronger families that are grounded and capable of producing prosperous futures.

#7: The Go-Giver by Bob Burg and John D. Mann

This is one of the most famous books that provide insight into how to be financially literate and have a prosperous life. This is not a conventional business book, but it provides a significant amount of information that anyone would be benefited from on their journey to success in financial prosperity. Best of all, it comes in the form of a wonderful story that inevitably touches people’s hearts due to its ultimate lesson.

#8: Blueprint to a Billion: 7 Essentials to Achieve Exponential Growth: by David G. Thomson

For anyone dreaming about growing up business and becoming significantly successful, this is a fantastic book to help grow exponentially and become more financially literate about your personal and professional life. This provides you with every step needed to achieve the success of your dreams.

#9: Happy Money by Elizabeth Dunn

From a different perspective than the usual business approach, this book takes a psychological approach using behavioral science. Not only does this provide insight into how financial literacy is developed. It also explains how money can help happiness and how the age-old saying that money can’t buy happiness is sometimes false, as this proves that financial education can provide you with stress-free living.

#10: The Only Investment Guide You Will Ever Need by Andrew Tobias

Investments are only part of the equation regarding financial literacy, but if you’re looking to become an expert investor, this is one of the best books you can buy. This provides you with all of the insight and knowledge that you need to make study investments, reduce your risk, understand how to prepare yourself using the tools available, and also become better financially at the same time.

Read Your Way to Financial Literacy

When it comes to financial education, there are many resources at your disposal to learn from. I hope these books provided a starting point to become even more aware of how you can prepare yourself and become financially independent.

Are there any books that we missed on this list? Let us know in the comments and feel free to visit the other blogs for more insight and tips on all things finance.