10 Surefire Financial Books for Beginners, the final book could help you retire early!

The Simple Path to Wealth by JL Collins explains a surefire, yet simple, way to invest your money and accumulate wealth through index fund investing.

The basic idea is that given enough time, the stock market will always take an upward trajectory and it’s incredibly hard to beat the returns of the market by picking individual stocks. That’s where index funds come in

An Index fund is a fund that is managed by a broker such as Fidelity, Schwab, or Vanguard. These funds are managed at a very low cost and when you buy into them, you are essentially buying a piece of many different companies.

The strategy in this book will set anyone up for success. JL Collins has a unique way of getting his point across. This book isn’t all numbers and formulas, it’s chuck-full of funny stories which make it a fun read.

I Will Teach You To Be Rich has sold over 1 million copies and is has inspired many people to gain control of their finances.

The book covers a swath of topics ranging from how to get the best credit card rewards to which bank accounts are best.

As far as financial books for beginners go, this is one of the best ones out there because it’s incredibly easy follow even if you have zero financial knowledge.

If you’re unsure you want to commit to Ramit Sethi’s book, you can check out his podcast bearing the same name, I Will Teach You To Be Rich, and get a lot of good information there.

The Richest Man in Babylon found an easily relatable way to convey financial principles. The story is about a fictional character who became the richest man in Babylon using financial principles that are still good today.

The book focuses on paying yourself first and then everyone else. By paying yourself first and then investing money in something that will provide you with more money, you will accumulate wealth.

Another topic of importance addressed in the book is that of learning from those who know more than you. It’s not a coincidence that the story and parables are told by the “richest man in Babylon.”

Written in 1926, the principles are still valid in today’s personal finance landscape.

You can’t have a financial books for beginners list without The Psychology of Money by Morgan Housel. This book details how people think about money and the relationship people share with their money.

This book is great not only for novice-level investors taking their first steps on their way to financial freedom, but it’s also great for experienced investors who have already started their journey.

Some topics include savings rates, compound interest, luck, and specific mistakes that should be avoided on the your path.

This book is great for personal finance and will help you gain control of your finances, show you how you think about your money, and help you improve your relationship with your money.

The Millionaire Next Door shows you that most millionaires are regular people with regular incomes who have great financial habits.

Though some of the book’s principles may be dated, many simple principles still apply today. If you grew up in a family living paycheck to paycheck, this may be the book needed to enlighten you and push you into better personal finance habits.

The Millionaire Next Door is included on this list of financial books for beginners because of the simple information presented. This book has the potential to explain poor money habits and help correct them.

Millionaire Teacher is an entertaining read by former high school English teacher Andrew Hallam. Hallam has a unique way of storytelling and illustrates how to become a millionaire using five steps.

He shows you how to open a brokerage account, and tells you his philosophy of investing in Index funds.

Millionaire teacher shows you that it’s possible to spend very little time every year on your investment strategy and still beat many professional stock pickers.

Personal finance made easy is Millionaire Teacher!

A Random Walk Down Wall Street is one of the finance books everyone should read. This book also details why index fund investing is important. It shows what you can do given enough time with a diversified Index portfolio.

Burton Malkiel is an experienced investor, financial advisor, and economist which makes him uniquely qualified to author this work.

Market timing and market prediction are incredibly hard, almost impossible. This makes it very hard to beat the market, if you can’t beat it why not join it with an index fund?

Another Andrew Hallam book! Andrew Hallam is a very entertaining bestselling author who has cranked out another must-read.

Balance is important in all things is a common saying you have surely heard many times. This includes your earning and saving habits. You can have all the money in the world and it won’t make you happy.

Investing and spending with a purpose is a great way to bring happiness into your life. In this book, Andrew Hallam explains how to balance your money, your connection, your health, and your purpose to achieve happiness in your life.

The Wealthy Barber kby David Chilton is another old-school book much like The Richest Man in Babylon and describes many of the same principles.

It follows a fictional barber who accumulates wealth by living within his means, investing his money, and creating a budget.

This book has sold over 2 million copies and may be a great place for you to start. David Chilton has also written another book, The Wealthy Barber Returns, which you might also like.

The Wealthy Barber was originally released in 1989 so some of the information is a little dated but the principles that make ordinary people rich, never go out of style.

Quit Like a Millionaire by Kristy Shen and Bryce Leung is a treasure trove of information on personal finance. The reason it’s included at the end is because it might even be too much for a beginner.

However, it’s an entertaining read with many personal experiences by the author. Published in 2019, the information is quite current.

This book fits into the FIRE (financial independence, retire early) movement category. Kristy Shen retired in her early 30s using the principles described in the book.

Quit Like a Millionaire goes over investing and the math behind how to retire early. If retiring early is something you’re interested in, this is the book for you.