6 money books every woman must read

Sometimes it can feel confusing to have all this minute-sized money advice floating around on social media. If you want to get truly mindful about your finances from scratch, there is no replacement to a good money book.

While there are so many to pick from, our team of experts shortlisted these as the best books about money and investing which really speak to us, women. If you are looking for inspiration & confidence to move forward with your finances, these money books are sure to take you a step closer.

One of the best financial books for beginners – get started on creating wealth

1. RICH DAD, POOR DAD BY ROBERT KIYOSAKI

The book “Rich Dad, Poor Dad” is one of the gems to read if you want to enhance your financial aptitude.

This is Robert’s narrative of growing up with his two fathers – his real father (Poor dad) and his closest friend’s father (Rich dad) ­­­­- and how both men Influenced his views on money and investment.

It aims to teach financial independence and discusses the ideology that the poor and wealthy fathers use in making their financial decisions.

This book is appropriate for those who want to invest and are new to personal finance as it covers many topics in a very simple manner.

Takeaways from this book:

1) The poor and middle classes work for money. The wealthy have their money work for them

2) “Keep expenses low, decrease liabilities, and carefully develop a foundation of strong assets”

3) Put everything you’ve learned into action.

 

If you haven’t yet figured out your relationship with money  

2. PSYCHOLOGY OF MONEY BY MORGAL HOUSEL

The premise of this book is that being successful with money has less to do with intelligence and more to do with how you behave.

The author believes that “Survival” is the key and that staying consistent in the market and allowing the investment to compound is crucial. He also emphasizes the need of distinguishing between being rich and being wealthy (one of the chapters is called, ‘Wealth is what you don’t see’)

This book is hard to put down & easy on the mind, unlike a typical money book. It’s sure to help you improve your financial acumen & be more comfortable in taking money decisions on what works for you, rather than those around you.

Takeaways from this book:

1. Money’s greatest intrinsic value – and this can’t be overstated – is it’s ability to give you control over your time.

• Manage your money in a way that helps you sleep at night.
• As is true, both in finance and medicine, the important financial decisions are not made in spreadsheets or textbooks. They are made at the dinner table. They often aren’t made with the intention of maximizing return but minimizing the chance of disappointing a spouse or child.

If you prefer a simple step-by-step comprehensive money guide

3. LET’S TALK MONEY BY MONIKA HALAN

This book covers every aspect of personal finance, from budgeting to retirement planning in a straightforward, jargon-free manner.

It begins by outlining how to maintain a Money Order Box and then effectively explains issues such as investments, cash flows, and a rainy-day reserve.

The author offers good advice on how to invest safely while also supporting you in accomplishing your financial goals

This is a must-read for anyone aspiring for financial independence.

Takeaways from this book:

1. Buy a financial product which solves a financial problem in your life
2. Automating your savings every month with a solid system/plan plays a prominent role

If you want to negotiate for your worth like a queen

4. SECRETS OF SIX FIGURE WOMEN BY BARBARA STANNY

This inspirational book educates women how to achieve self-actualization and fulfilment by personal growth and business success.

It focuses on the 6 Figure Women’s Rules and Traits, which include Profit Incentive, Audacity, Resiliency, Motivation, Self-awareness, Non-attachment, and financial expertise.

The author also examines the social and power dynamics in the Workplace as well as, more importantly, in Relationships.

Takeaways from this book:

1. Focus on opportunities than problems
2. Don’t under estimate your worth

If have been in search of financial freedom, mindfulness & frugality

5. YOUR MONEY OR YOUR LIFE BY JOSEPH R. DOMINGUEZ AND VICKI ROBIN

The book “Your Money or Your Life” will force you to re-think your behaviour with money by reminding you about the trade-off between time & money. This eye-opening book is filled with examples, experiences, and personal observations from people who have followed their nine-step approach to financial independence.

The author urges the reader to interpret true financial freedom by differentiating between needs, luxuries and defining their enough – through several thought provoking exercises.

Most importantly, this book will guide an individual to get rid of financial anxiety by aligning our values and our lifestyle. It is one of the few financial independence books which gives out a method to reach our ‘crossover point’ where we have enough to retire.

Takeaways from his book:

1. When you purchase something, you are trading your life energy
2. Stop buying your way out of problems, instead use these challenges as an opportunity to learn new skills.
3. Financial independence has nothing to do with rich – it is the experience of having enough, and then some.

Must read financial book for young adults – get into action!

6. I’LL TEACH YOU TO BE RICH BY RAMIT SETHI

This book is designed as a 6-week program to get young people in their 20s & 30s to live a financially stable life. While the author uses several references from his hometown America, many principles of the book can be applied by youngsters across the globe.

What makes the author’s style appealing is the focus on simple to follow actionable items– conscious spending, banking smarter, negotiating with credit cards, long-term investment strategies.  

He also shares his knowledge on how to save and invest, procedures to follow before buying a house and many more.

Takeaways from this book:

1. Be mindful about how you spend your money
2. “Getting started is more important than becoming an expert”

Share your top 10 finance books in comments!

 

If you would like to speak with a Womoneysta Expert to help you get more confidence & structure with your finances, book a free 15 minutes consultation with us here.