10 Money Books For Proper Financial Management in 2024

Here in this article, we have listed the 10 best money books to learn proper financial management in 2024!

Agree or not, sometimes we don’t care about money and underestimate its importance.

We have heard the saying, “money cannot buy happiness, but it can buy security and safety for you and your family.” Human beings need money to pay bills for everything that makes life possible.

At times, we spend all the money and do not have any savings in the time of need. Therefore, It becomes important to save money and realize its vitality.

If you are an avid reader, you might want to try reading some of the best money books. Reading books on money will improve your spending habits, understand the importance of money, and provide insights on saving and investing in the right place.

10 Best Money Books For Better Saving And Investing In 2024

1. Rich Dad Poor Dad

Rich Dad Poor Dad What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

Author: Robert T. Kiyosaki
Last Edition: 11 April 2017 (Second Edition)
Publisher: Plata Publishing

Robert Kiyosaki’s book Rich Dad Poor Dad is one of the best personal finance books from the past 25 years. It has become the #1 personal finance guide with time and has been translated into 12+ languages worldwide.

This book talks about growing up with Robert’s real father, poor dad, and best friend’s father, the rich dad. The author also explains the point of view both these fathers have about money and investing. Robert differentiates between working for money and having money work for you.

The Rich Dad Poor Dad explains the following:

  • The myths to know to earn more money and become rich.
  • Challenges the fact that your house is an asset.
  • He explains why parents should not rely on the school system to teach their kids about money.
  • Defines assets and liability, and much more.

You can buy this book here.

2. The Psychology Of Money


Author: Morgan Housel
Latest Edition: 15 July, 2021
Publisher: Jaico Publishing House

The Psychology of Money is a great money book that offers important lessons on wealth, finance, happiness, etc. The author has taken an interesting approach and mentioned how money is about your behavior.

He explains the need for handling money and investing it in the right place. According to him, making important business decisions is all about mathematical calculations. He also says that, in real life, financial decisions are not made on a spreadsheet.

People make decisions either in a meeting room or a dinner table where their ego, pride, personal history, and perspective of money matter. Moreover, this book shares stories of people who have different approaches with money matters.

You can buy this book here.

3. The Richest Man in Babylon

The Richest Man in Babylon

Author: George S. Clason
Latest Edition: 1 August, 2018
Publisher: Fingerprint Publishing

The Richest Man in Babylon by George S. Clason is for everyone who is looking for some effective wisdom on money.

The author explains the importance of saving, how to become rich, and at the same time presents some timeless wisdom on financial growth.

Interestingly, this financial guide offers the perfect understanding of finances. It is a complete resource book that explains the tried and tested principles to improve your personal financial growth.

This book has inspired many readers for generations to change their financial spending habits and is still the best financial classic bestseller.

The three major principles explained in this book are:

  • Save one-tenth of your earning
  • Spend seven-tenth on your expenses
  • Create an asset or clear debt with the balance money

You can buy this book here.

4. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy

The Millionaire Next Door The Surprising Secrets of America's Wealthy

Author: Thomas J. Stanley and William D. Danko
Latest Edition: 16 January 2011
Publisher: Taylor Trade Publishing

One of the best finance books that explain the seven features common among people who have a lot of wealth. It is one of the most remarkable books that offers a detailed analysis of American society and at the same time, debunks the image of the rich as high-living spendthrifts.

The main theme of this book is “Being Frugal” which is already present in Indian society. Apart from this, the authors also share knowledge about who becomes rich, which generation will accumulate more wealth, and the major difference between a real millionaire and a pseudo millionaire.

Reading this book will help you assess your buying and investment decisions. If you are looking for a money management book, then this book is for you.

You can buy this book here.

5. Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence

Your Money or Your Life 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence Fully Revised and Updated for 2018

Author: Vicki Robin and Joe Dominguez
Latest Edition: 10 December 2008 (2nd Edition)
Publisher: Penguin Books

Your Money or Your Life by Vicki Robin and Joe Dominguez is one of the most influential personal finance books that has sold over one million copies.

It is one of the best books on money and can completely change your life. You will learn how to:

  • Get rid of all your debts and increase your savings.
  • Saving money by employing new and healthy habits rather than strict budgeting.
  • Investing your savings and creating wealth.
  • Declutter your life and live happily by spending less.
  • Save the planet and at the same time save money.

The book offers a different perspective to your time and your life. Reading it will make you rethink the time you spend at your workplace, the things you don’t need, and at the same time re-evaluate your income, expenses, and investments.

You can buy this book here.

6. The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness

The Total Money Makeover Classic Edition A Proven Plan for Financial Fitness

Author: Dave Ramsey
Latest Edition: 24 September 2013
Publisher: Thomas Nelson Publishers

The Total Money Makeover by Dave Ramsey is a New York Times Bestseller and has sold over 5 million hard copies. Once you start reading this book, you will learn to take control of your money and will be able to build your money muscles with the best finance coach.

In this financial guide, Dave teaches steps to:

  • Create your own plan which will help you pay off all your debts.
  • Find out the 10 dangerous money myths.
  • Secure a big, fat net egg for emergencies and retirement.

The book will help you create your own effective financial plan which will help you live basic financial principles for a debt-free and peaceful life. Moreover, if you are the one who works hard and earns money for a living, will earn money in the future, or in financial trouble, then this book is for you.

You can buy this book here.

7. I will Teach You To Be Rich

I Will Teach You To Be Rich

Author: Ramit Sethi
Latest Edition: 23 March 2009 (1st Edition)
Publisher: Workman Pub Co.

Ramit Sethi’s I Will Teach You To Be Rich is another best money book that features a 6-week personal finance program for young adults.

The author uses a practical approach and explains the four major factors of effective personal financing- banking, saving, budgeting, and investing. He also explains some of the wealth-building ideas which will help you become an entrepreneur.

Although this book is not the most perfect financial guide, it has some of the best and most important lessons on personal financing.

This guide contains US/UK-based terms and offers logical explanations on financing. Last but not the least, the author has explained some of the actionable steps on how to spend your money and at the same time save some money for pension, emergency expenses, and for guilt-free spending.

You can buy this book here.

8. Broke Millennial: Stop Scraping By and Get Your Financial Life Together

Broke Millennial Stop Scraping By and Get Your Financial Life Together (Broke Millennial Series)

Author: Erin Lowry
Latest Edition: 2 May, 2017
Publisher: Tarcher Perigee

Broke Millennial by Erin Lowry is a book on money that will teach you to stop living on a paycheck and get your financial life together.

Apart from providing insights on the basics of handling money matters, the author also offers information on how to:

  • Understand your relationship with money.
  • Manage student loans without worrying or burdening yourself.
  • Things to do when you are out with your friends and cannot afford to split the bill.
  • How to get financially naked with your partner and find out their debt number.

It is a basic personal financial book designed for people in their 20s. This book is recommended for everyone who wants to get serious about making changes in their financial habits.

You can buy this book here.

9. Think and Grow Rich

Think and Grow Rich

Author: Napoleon Hill
Latest Edition: 18 August 2005
Publisher: Tarcher Perigee

Think and grow rich by Napoleon Hill is a remarkable book and is the ‘granddaddy‘ of all motivational literature. This book explains the law of success.

If you want to be successful in life, this book will inspire and help you invest your best efforts in the business. Napoleon Hill has also mentioned some of the motivational tales, principles of success, and ideas that will help you fulfill your goals.

It is one of the most wonderful self-help books that you will ever come across. Whenever you face any sort of criticism in life, this book will help you with the ways to cope with it. There are various steps that you must and must not follow in your journey to build up your business.

You can buy this book here.

10. The Automatic Millionaire

The Automatic Millionaire A Powerful One-Step Plan to Live and Finish Rich

Author: David Bach
Latest Edition: 27 December 2005
Publisher: Crown Business

The Automatic Millionaire begins with a robust story of an average American. The author offers a realistic system based on timeless principles with everything you need to know, so you can put the secret to becoming an Automatic Millionaire from your comfort place.

This is one of those money books that have the power to protect your financial future.

However, you need to know that it is no guide to getting rich quickly. Rather it is a simple book that focuses on financial planning that suggests readers automate their contributions to retirement and investment vehicles.

The first part of the book explains some simple ways to generate savings, and the other part of the book talks about how to invest these savings effectively.

You can buy this book here.


Money plays an important role in our lives. Without money, we won’t be able to pay our bills and take care of our day-to-day needs. However, when we have too much of it, we tend to spend more without thinking about the future.

It is important to know its importance before going into debts and losses. Reading money books will help you understand the importance of money, savings, and investing it for future benefits.

Happy Reading!

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