There I was. 21 years old. $24,000 in debt.
I thought it was normal. I thought everyone had car payments. I thought debt was the only way of life.
The American way.
I also couldn’t sleep at night, because I was so stressed. I had no plan for an emergency, other than to go into more credit card debt. That’s when I got angry. A good motivating, driving anger. An anger that ultimately lead me and my family out of debt.
I realized that debt was controlling our life. And I wanted to be in control. So, I started reading. I read every finance book I could find. Less than 2 years later, a few things happened:
- We were completely free of consumer debt
- We owned a large piece of land that we paid cash for
- We owned an income rental property
- We were building wealth for retirement
Things changed…but what really changed things for us? Books. The books I read are what not only pulled us out of debt, but also started us on the road to a fully funded retirement. I made the decision to become financially literate.
It’s amazing what the right book, at the right time, can do for you.
So I created this reading list. To help you do the same thing I did. Learn how to get out of debt, spend wisely and invest intelligently. These books aren’t in any specific order, because it really depends on what you need to read right now. I could rank them and talk about how a certain book changed my life, but it could be a different book that changes your life.
Scroll through the list and find what fits your needs at this moment in your life.
Getting Out of Debt
- The Total Money Makeover by Dave Ramsey
- Rapid Debt Reduction Strategies by John Avanzini
- The Richest Man in Babylon by George Clason
- Maxed Out: Hard Times in the Age of Easy Credit by James Scurlock
- Zero Debt: The Ultimate Guide To Financial Freedom by Lynnette Khalfani-Cox
- Debt Free for Life by David Bach
- Negotiate and Settle Your Debts by Mandy Akridge
- How to Get Out of Debt, Stay Out of Debt, and Live Prosperously by Jerrold Mundis
- Manage Your Money and Get Out of Debt Faster by JB Woods
- Debt is Slavery: and 9 Other Things I Wish My Dad Had Taught Me About Money by Michael Mihalik
Investing in the Stock Market
- The Intelligent Investor by Benjamin Graham
- The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham
- Why Stocks Go Up and Down by William Pike and Patrick Gregory
- Financial Statements by Thomas R. Ittelson
- One Up on Wall Street by Peter Lynch
- Active Value Investing by Vitaliy N. Katsenelson
- Why Are We So Clueless about the Stock Market? by Mariusz Skonieczny
- F Wall Street by Joe Ponzio
- Beating the Street by Peter Lynch
- The Little Book of Value Investing by Christopher H. Browne
- Why Smart People Make Big Money Mistakes and How to Correct Them by Gary Belsky and Thomas Gilovich
- Value Investing: From Graham to Buffett and Beyond by Bruce C. N. Greenwald
- The Shortest Investment Book Ever by James O’Donnell
- Common Stocks and Uncommon Profits by Philip Fisher
- The Little Book That Builds Wealth by Pat Dorsey
- The Motley Fool Investment Workbook by David and Tom Gardner
- The Automatic Millionaire by David Bach
- Quality of Earnings by Thornton L. O’glove
- The Five Rules for Successful Stock Investing by Pat Dorsey
- Security Analysis by Benjamin Graham
- Bull: A History of the Boom and Bust, 1982-2004 by Maggie Mahar
- The Four Pillars of Investing by William J. Bernstein
- A Random Walk Down Wall Street by Burton G. Malkiel
- Million Dollar Portfolio by David and Tom Gardner
- The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
- The Little Book that Beats the Market by Joel Greenblatt
- Buffett: The Making of an American Capitalist by Roger Lowenstein
- Little Book of Common Sense Investing by John C. Bogle
- The Millionaire Fastlane by MJ DeMarco
- Stocks For The Long Run by Jeremy Siegel
Investing in Real Estate
- The Beginner’s Guide to Real Estate Investing by Gary W. Eldred
- My Life & 1,000 Houses by Mitch Stephen
- Confessions of a Real Estate Entrepreneur by James A. Randel
- Who Says You Can’t Buy a Home! by David Reed
- The ABCs of Real Estate Investing by Ken McElroy
- The Millionaire Real Estate Investor by Gary Keller
- Real Estate: The Sustainable Investment by Glen Sweeney and John Gordon
- The Advanced Guide to Real Estate Investing by Ken McElroy
- Building Wealth One House at a Time by John Schaub
- Real Estate Advantages by Sharon Lechter and Garrett Sutton
- 2 Years to a Million in Real Estate by Matthew Martinez
- The Unofficial Guide to Real Estate Investing by Spencer Strauss
- Real Estate Finance and Investment Manual by Jack Cummings
- Buy It, Rent It, Profit! by Bryan M. Chavis
- Every Landlord’s Tax Deduction Guide by Stephen Fishman
Getting the Right Mindset
- The Magic of Thinking Big by David Schwartz
- Think and Grow Rich by Napoleon Hill
- Rich Dad, Poor Dad by Robert Kiyosaki
- Secrets of the Millionaire Mind by T. Harv Eker
- The Millionaire Next Door by Thomas Stanley and William Danko
- The 7 Habits of Highly Effective People by Steven Covey
- 100 Ways to Create Wealth by Steve Chandler and Sam Beckford
- Cashflow Quadrant by Robert Kiyosaki
- Switch: How to Change Things When Change is Hard by Chip and Dan Heath
- The War of Art by Steven Pressfield
General Personal Finance
- I Will Teach You To Be Rich by Ramit Sethi
- Your Money Or Your Life by Joe Dominguez and Vicki Robin
- The Behavior Gap by Carl Richards
- The Science of Getting Rich by Wallace D. Wattles
- Get a Financial Life by Beth Kobliner
- Financial Peace Revisited by Dave Ramsey
- All Your Worth by Elizabeth Warren and Amelia Warren Tyagi
- The Wealthy Barber by David Chilton
- Yes, You Can Get A Financial Life! by Ben Stein and Phil DeMuth
- Smart Couples Finish Rich by David Bach
The Reading List
It took me hours upon hours to put this list together. Every book on this list was carefully selected.
I have read almost every single one of these. I have read at least part of each book. I also did my research through reviews, popular opinion and articles to figure out which books should be on here.
That being said, if I missed something, let me know! I want this list to be a library that you can come to for ideas on what to read next.
If this list isn’t enough for you, check out this list of 200+ business books.
Don’t Forget Your Free Books!
Speaking of finance books, don’t forget to get your free copy of my book: Financial Freedom on a Full Schedule. I go over the finance principles you need to master your money and I also cover how to create the time to implement them. Basically, I cram what I have learned from reading many of these books into one book. And now you get 6 more books for free! Check it out!
This article was originally published Feb 23, 2015.
Last updated: Sep 4, 2018.