5 personal finance books to read in 2022

I wrote a very similar post in 2020 with a list of five books I thought everyone should read. I stand by every book I’ve chosen for this list, but with so many new personal finance books coming out every week – and my tendency to discover certain books a few years after they come out – I thought it was time to add a few. of my new favorites. All of the books I recommend are on my shelf, and I was so excited about them that I brought the authors to my podcast to talk about them.

1. STACKED: Your Super Serious Guide to Modern Money Management

By Joe Saul-Sehy and Emily Guy-Birken

No matter how hard we try not to and how many resources we publish on financial topics, we always leave people behind. This book tries to change that. And coming from podcasting legend Joe Saul-Sehy of Stacking Benjamins and bestselling author Emily Guy-Birken, this book is an automatic winner. I had the pleasure of telling Joe about this book on my podcast, which I hope you check out.

The reason I recommend this book is that it does something very few other books have done: it makes finance fun and accessible. Without a formal personal finance education offered by schools, we are on our own to learn about money and it can be daunting. Books like STACKED take the stress out of it and make it something you can dip your toes into before diving headfirst.

My favorite part (and, as mine was published first, I take credit for being the inspiration) is that in the same way I end each chapter of my book, Don’t retire. Diploma !With additional credit, this book ends each chapter with a checklist of achievements you can cross off to earn your merit badge.

Get the book here.

2. Save your retirement! (From Mass Destruction by The 7 Villains of Retirement)

By Patrick Strubbe

This is probably the most unique personal finance book I have ever come across. This is X-Men meets money the best way. I also got to talk to Patrick Strubbe about his book, and it’s one of my favorite podcast episodes to date.

I recommend this book because it takes seven very important but often misunderstood or overlooked financial concepts and illustrates them (literally) as comic book villains out to thwart your financial plan. It’s fun and different and shares a lot of my same ideologies (although that’s not why I recommend it). This is a great book for adults further along in their financial journey who want to protect their retirement.

Get the book here.

3. Simple Wealth: The practical guide to transforming your relationship with money and living in abundance

By Holly Morphew

I often refer to “Financial Advisor” as a title that anyone can call themselves. This is why I stress the importance of the fiduciary standard and why my team has decided to require that all of our advisors be CERTIFIED FINANCIAL PLANNER™ practitioners and abide by the strict code of ethics that comes with the designation. .

The same can be said of financial coaches.

I recommend Holly’s book for several reasons. Firstly, because she has taken the next step to becoming a Certified Financial Advisor® and therefore I know she adheres to a code of ethics similar to mine.

Second, I know his story and I know that authenticity is a value close to his heart. This book is authentic in every way. She talks about her own struggles with money (some of which she shared with me on the podcast), how she buried and then dug herself into massive credit card debt, and also talks about some something I often talk about myself: things that are more important than money. Her book explores core mindsets and values, gratitude and giving, not just saving money and paying off debt.

Get the book here.

4. Passive income, aggressive retirement: the secret to freedom, flexibility and financial independence (and how to start!)

By Rachel Richards

Rachel Richards is one of the most exceptional human beings I have met in a long time. Without trust funds or a six-figure salary, she managed to retire very comfortably at age 27. And she retired in the new, improved definition of the word because she is financially independent but still productive, active, and helping others replicate her success.

I recommend this book to anyone who wants to create a passive income stream but doesn’t know where to start. Rachel outlines several ways to create your own passive income streams that may be easier and less daunting than you thought.

She was a fantastic podcast guest and even gave me some tips on replicating her success as a bestselling author.

Get the book here.

5. Don’t Retire…Graduate! : Building a path to financial freedom and retirement at any age

By Eric Brotman

You know me well enough now to expect me to put my own book here. But I’m not doing it for the reasons you expect. I have no intention of retiring on royalties from book sales. In fact, if I ever earn enough royalties to cover the cost of publishing the book, I’ll be more than satisfied.

I include my book because I truly believe it is one of the most powerful tools out there. Especially for readers in their 20s who are just starting out, this book can walk you through all the steps I would take with a client during a lifetime consulting relationship.

It has steps and worksheets for getting yourself out of debt, creating a budget, calculating your net worth, making sure you’re properly insured, creating a living will, structuring your portfolio, and everything you need to do to be on track for retirement. . It may seem counter-intuitive to post this because for $16 you can do yourself what our consultants are paid to do for our clients. But I know that not everyone is in a position to hire a financial advisor and wants the necessary tools to be made available to such people.

So, I hope you will forgive self-promotion and also check out my book.

Get the book here.