Financial Literacy Month is the perfect time to sharpen your money management skills and take control of your financial future. One of the best ways to improve your financial knowledge is through reading, and we’ve rounded up some of our favorite books offering insights, smart investing strategies, and real-world financial wisdom to help you avoid investment pitfalls, retire early, or build long-term wealth.
How Not to Invest by Barry Ritholtz
Many investment books focus on what you should do, but How Not to Invest takes the opposite approach, highlighting common mistakes investors make and how to avoid them. Barry Ritholtz, a respected financial expert, provides insights into behavioral biases, poor decision-making, and misleading investment trends that can negatively impact financial growth. By learning what not to do, investors can make more informed decisions and develop a stronger, more disciplined investment strategy.
This book is particularly useful for those who want to gain confidence in their investing approach and avoid costly missteps that can slow down wealth accumulation.
Quit Like a Millionaire by Kristy Shen and Bryce Leung
Many people believe building wealth and retiring early are only possible for high earners, but Quit Like a Millionaire challenges this notion. Kristy Shen and Bryce Leung share their real-life journey of achieving financial independence and retiring in their 30s despite growing up in poverty and without relying on an ultra-high salary.
The book provides a practical roadmap for achieving financial freedom, covering topics such as smart saving habits, investment strategies, and how to optimize expenses without sacrificing quality of life. The authors also explain why traditional financial advice doesn’t always apply to modern lifestyles and how to break free from outdated money myths.
This book is ideal for anyone looking to take control of their financial future and explore alternative paths to financial independence.
Rich Dad Poor Dad by Robert T. Kiyosaki
This personal finance classic introduces two contrasting mindsets about money: one from a “rich dad” who understands how wealth is built, and one from a “poor dad” who follows traditional financial thinking. Robert Kiyosaki argues that financial success is not just about working hard but about making smart financial decisions, leveraging investments, and building assets that generate long-term income.
Rich Dad Poor Dad breaks down key concepts like the difference between assets and liabilities, the importance of financial education, and why traditional schooling often fails to teach real-world financial skills.
This book is a worthy read, whether you’re just starting your career or are looking for a fresh perspective on money, offering timeless lessons on wealth-building that challenge conventional financial wisdom.
Get a Financial Life by Beth Kobliner
Navigating personal finance can feel overwhelming, especially for young professionals balancing student loans, rent, credit card debt, and early-stage investing. Beth Kobliner’s Get a Financial Life provides a clear, straightforward guide to managing money in your 20s and 30s, covering essential topics like budgeting, debt repayment, investing, insurance, and retirement planning.
Unlike some financial books that assume readers have a background in finance, this one breaks down complex financial concepts into easy-to-understand, practical advice. This book is especially helpful for those looking to establish strong financial habits early in life and create a foundation for long-term financial security.
Principles by Ray Dalio
Ray Dalio, billionaire investor and founder of Bridgewater Associates, shares the core principles that have guided his career and investment philosophy. While Principles is not solely about finance, it shares valuable knowledge and advice on decision-making, risk assessment, and long-term strategic thinking – all of which are essential for building and maintaining wealth.
Dalio discusses the importance of developing clear financial and personal principles, using data-driven decision-making, and adapting to the changing world of finance. His principles are not just applicable to investing but also to business, leadership, and personal growth, making this a great read for anyone looking to refine their approach to financial and life success.
Reading is just the beginning of reaching financial literacy. Applying what you learn is what truly makes a difference! If you’re ready to take the next step in your financial journey, Blakely Financial is here to help. Our team will develop personalized strategies tailored to your goals, helping you make the most of your financial future. Contact us today to get started.