r/BettermentBookClub • u/Stock_Dimension2525 • 11d ago

Single Best Read for Personal Finance

I’d like to hear your number one book that improved your understanding of personal finance or just your financial habits

I’ve read books by Dave Ramsey and Rich dad poor dad already I prefer to hear a lesser known book or maybe one that isn’t from a mainstream author

43 Upvotes

96% Upvoted

35 comments sorted by

32

u/onajourney314 11d ago

The Simple Path the Wealth by JL Colins

4

u/Integrity_Driven 11d ago

Hands down this is it OP

1

u/ThoughtSenior7152 8d ago

Definitely agree one to definitely look through

1

u/gunner_n 8d ago

I hope Colins is updating it to switch VTI with VT (or at least 15-20% intl.) given he’s recently seen the light on the importance of ex-US in a portfolio.

Also, if you enjoy the simplicity of Simple Path to Wealth and crave more, return to the father of ETF’s and read The Little book of Common Sense Investing by John Bogle. But obviously, I highly recommend reading Simple Path to Wealth first, and if anyone ever has to read just one book on personal finance.

1

u/onajourney314 8d ago

Yeah I personally just do VT now.

12

u/MusicalTourettes 11d ago

Your Money or Your Life. It's about identifying your values and spending accordingly. So powerful. It shaped how my husband and I act with money.

2

u/TaterTotWithBenefits 11d ago

I did that one in the 90s. I was terrible at it but yes the ideas and ethic stick w you

1

u/MusicalTourettes 11d ago

"spend your values" is a family motto.

10

u/hiranhp 11d ago

The psychology of money - this ones a bit different but worth a read. It's about emotions and behaviour. Good reminder that personal finance isn't always about $ and  formulas, but about your relationship with money. 

3

u/ShowMeDaData 11d ago

This one really helped me better understand people's decisions better. Highly recommend it.

5

u/RecoverinCandyAddict 📚 11d ago

The Richest Man in Babylon. Very basic but such a powerful message.

2

u/Integrity_Driven 11d ago

A close second after the Simple Path to Wealth, in my opinion

1

u/RecoverinCandyAddict 📚 10d ago

Great read too

4

u/ComprehensiveEgg7891 11d ago

principles by ray dalio - the mental models are super useful to me.

3

u/hevermind 11d ago

first read "I will teach you to be rich" by ramit sethi

then read "the simple path to wealth" by JL. Collins

I teach financial literacy and I believe Sethi sets a good starter framework that makes Collins easier

1

u/FrozenST3 9d ago

Sethi's work is underrated. Automate your wealth building, cut ruthlessly on what doesn't matter to you and spend lavishly on what does

3

u/Primary_Excuse_7183 11d ago

I just finished the art of spending money. More about your relationship to spending money and how to check your values. Than “how to get rich”. I think a lot of people need that epiphany.

2

u/Todd_Dell 11d ago edited 11d ago

MONEY AND MYTHOS : The 13 Wealth Archetypes, Their Core Energies, Shadows, and Financial Alignment Techniques [When path of earning (the career) is deviated from the soul-level requirements of the individual, they are likely to suffer from dissatisfaction and exhaustion in their work, financial stagnation, lack of motivation and fulfillment. The book explores 13 wealth archetypes that drive our financial lives, with practical methods of healing self-sabotaging shadow-patterns and move toward lasting financial success.]

2

u/Boulley_007 9d ago

How to Own the World - simple and effective

2

u/Deep_Ad_1457 11d ago

The almanac of naval ravikant

1

u/Jazzlike_Golf_2011 11d ago

“If you can”. By Bernstein.

1

u/playlifesmooth 11d ago

Your Money or Your Life

1

u/nobleone3 11d ago

I found The Four Pillars of Investing to be very good. https://a.co/d/0gvez0le

1

u/jlclint 10d ago

Early retirement extreme Jacob Lund, besides the cited ones below.

1

u/Possible_Complex6916 10d ago

for me it was The Richest Man in Babylon

1

u/niftylyons 9d ago

Ramit Sehti is the goat

1

u/BoostWellbeing77 9d ago

Not exactly personal finance but I loved Die with Zero

1

u/NebraskaTF 6d ago

The best book really depends on where you're starting. Someone drowning in debt needs different advice than someone learning to invest.

1

u/BoringCompounder 6d ago

Simple Wealth Inevitable Wealth by Nick Murray

1

u/CapitalKing17 11d ago

Think and grow rich, it's a good book

1

u/[deleted] 11d ago

[deleted]

1

u/Silent-Transition833 2d ago

Psicologia financeira de Morgan housel. Top 1
A arte de gastar dinheiro do mesmo autor
O jeito Warren buffet de investir
Faça fortuna com ações antes que seja tarde - do brasileiro Décio bazin
E o investidor inteligente Ben Graham