We all know that money makes the world go round, and if you really want to lead a healthy and successful life, money is a major component. Unfortunately, a large number of individuals in the United States find it difficult to manage their finances. Although unfortunate, it is understandable. Only seven states require schools to offer a stand-alone finance course, and lawmakers in 25 states and the District of Columbia just began introducing financial education bills this year.
Moreover, according to the data, about 62% of men are financially literate compared to about 52% of women. Similarly, data shows that about 64% of adults living in high-income households are financially literate, compared to about 47% of adults living in low-income households.
But, there is light at the end of the tunnel. Tons of resources are available in different mediums, but nothing beats a good book.
We’ve put together a list of personal finance books that will help you understand finance and get your portfolio in shape.
01
Heart and Hustle: use your passion. Build your brand. Realize your dreams.
International Youtube sensation Patricia Bright has grown her empire in front of her viewers for over ten years. Now she’s sharing the lessons she’s learned along the way in her first book, Heart and Hustle.
02
Getting Good With Money: Ten Simple Steps to Become Financially Complete
A successful preschool teacher with big savings, Tiffany Aliche (aka the Budgetnista) has been on a roll for years. It came to an abrupt halt when a recession and the advice of an incompetent adviser left her drowning in debt. While struggling to keep her head above water, Aliche outlined a ten-step formula that has helped her achieve her financial goals. These principles have now helped over a million women around the world save and pay off millions of debts and start planning for a richer life.
03
We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power
Only men are supposed to be millionaires – or are they? Rachel Rogers says “shit no”. The mother-of-four, lawyer, business owner and self-made millionaire shares the lessons she’s learned both on her own journey to wealth and in guiding hundreds of women through their own seven-figure journeys .
04
The Black Girl’s Guide to Financial Freedom: Build Wealth, Retire Early, and Live the Life of Your Dreams
Author Paris Woods breaks down complex financial topics in her guide, designed specifically for black women. This book is perfect for black women of all ages, including young professionals who are just starting to set financial goals and mid-career women who are tired of following the same rules and are ready to live their lives. As they wish. If freedom is your goal, this book is for you.
05
The Fearless Money Mindset: Broke Doesn’t Scare Me
Serial entrepreneur and founder of venture capital firm Fearless Fund, Arian Simone may seem like she always knew everything about money. In her book, she lets us know that’s not true and takes readers on her step-by-step journey to financial freedom.
