May 23, 2021
The Best Personal Finance Books You Need To Read
This month, we’ve been taking a look at finances – from cryptocurrency and ethical investments to starting an online shop, the Casper team has delved into all things money. To keep the ball rolling, we’ve pulled together four great book recommendations designed to improve your financial literacy or your knowledge of the finance industries, so if you want to learn more, read on!
This book was written by the creator of the award-winning finance podcast of the same name, and though it hasn’t been published yet – releasing June 16! – it’s a highly anticipated read. The podcast focuses on an audience of millennial women, explores the difference between financial advice and financial literacy, and helps people work on managing their money and their goals.
Victoria and the She’s on the Money team make finances less overwhelming and – importantly – their advice via the podcast is free! But if you want to support their work (or prefer a low-tech experience), keep an eye out for the book this June.
Another series aimed for younger audiences, Broke Millennial is designed to provide practical advice – ‘preaching and finger-wagging not included.’ That’s a great caveat because, although a lot of people struggle with financial literacy, many are afraid to talk about it! Erin Lowry takes the shame and guilt out of sorting out your money situation, giving good advice, worksheets, and courses to get you back on track.
Lowry’s first book is a perfect step-by-step guide for gaining control of your finances and comes punctuated with hilarious true stories to show that everyone has financial missteps! The second in the series tackles advice on getting into investing, while the third looks at perhaps the most important topic of all – talking about money to those in your life.
Aimed more towards the big business investors, this book is a compilation of letters written by Berkshire Hathaway CEO Warren Buffett to his stakeholders about the operation of his $600 billion holding company. Lawrence Cunningham has categorised and contextualised each of Buffett’s letters, making their immense wisdom about the share market more accessible and highlighting the practical lessons that can be taken from Buffet’s successful philosophy.
The book focuses on Buffett’s principles around value investing – teaching readers how to identify undervalued stocks – and the way he views the roles of corporate managers and stakeholders. Currently in its fifth edition, The Essays of Warren Buffett is an economic classic that gives you a true behind-the-scenes look into the work of one of the world’s richest people.
Retired business executive Cary Siegel was creating a money management guide for his five teenagers when he realised just how little practical knowledge most adults had about anything to do with their own finances. Why Didn’t They Teach Me This in School? is Siegel’s attempt to fill the gap, describing ninety-nine basic principles focused around eight lessons on budgeting, housing, spending, and more!
By focusing on the qualitative side of how to think about and approach your finances rather than getting bogged down in the maths, Siegel provides an engaging and memorable framework for understanding the complicated world of finances. As well as the central book with all the important tips, there’s a workbook to help you start applying the principles, a podcast of three-to-ten-minute episodes going through general tips, and a sequel, Why Didn’t They Teach Me This In School, Too?: 99 Life Management Principles to Live By.
If you liked this article, stay tuned for our feature explaining NFTs!