Finance is as confusing as it is important. However, with the right learning resources, you’ll be able to master the art of money in no time at all. Below, we’ll go over some of the best finance books 2020 can offer. With a few wise words from these excellent reads, you’ll be well on your way to practicing productive financial strategies. One financial strategy that has grown increasingly popular during quarantine is trading. For those of you looking for a platform to trade alternative investments, check out Coinbase, which allows you to trade cryptocurrencies in real time. For everyone else, keep reading for the best finance books of the year.
1. The Young Adult’s Guide to Financial Success By Edward M. Wolpert
Looking for one of the best financial books for beginners? Check out this financial guide that helps young adults or those new to the finance space effectively grow and cultivate wealth. Whether you just got married, finished school, or need a firm financial foundation, this is an excellent pick.
2. A Beginner’s Guide to the Stock Market By Matthew Kratter
One of the best ways to grow your wealth is by taking the time and initiative to fully understand the stock market. That’s what makes this book clearly one of the best finance books available— It offers a clear, no-fuss guide to maximizing your portfolio by utilizing the tools of the stock market.
3. The Intelligent Investor By Benjamin Graham
This book is highly regarded as one of the best finance books available from household names like Warren Buffet and Money magazine. The book gives you practical tips so that you can seamlessly get a head start on investing wisely and regularly.
Looking to get into stock trading? Here are the best stock trading apps that are sure to help make trading stock easy!
4. How to Budget & Manage Your Money By Rachel Mercer
The foundation of savings comes from a well thought out and executed budget. For that reason, this budget 101 crash course is one of the best finance books you can find. Use these practical tips to create regular savings in ways you haven’t considered previously.
Looking to learn how to budget your money? Need some help? Here are some of the Best Finance and Budgeting Apps of 2020!
5. Why Didn’t They Teach Me This in School? By Cary Siegel
There are a lot of basic financial core teachings that we are not required to learn in school. This book is one of the best finance books for beginners that will ensure that you’re on the path to financial success.
6. Beginner’s Guide to Minding Your Money By Patricia Stallworth
What gets measured, gets managed, and money is no exception. This book will show you how to track your dollars wisely so that you can accumulate wealth consistently over time.
7. How to Manage Your Money When You Don’t Have Any By Erik Wecks
Finding yourself strapped for cash? This book proves you can still strive towards wealth even when you’re struggling
8. The Total Money Makeover By Dave Ramsey
Dave Ramsey is one of the most popular financial advisors and offers this financial guide to jumpstart or restart your journey to wealth.
9. The Little Book of Common Sense Investing
Investing doesn’t always have to be risky. This book will show you how to cater your investing strategy for certain, long-term growth.
Looking to learn a bit more on investing? Check out our article on How Investing Works!
10. I Will Teach You to Be Rich By Ramit Sethi
This no-fuss book gives you a 6-week actionable program that you can use to build wealth from any starting point.
Other Ways to Further Your Finance Knowledge
Are these books not making your reading list? Luckily, there are plenty of other ways to further your financial knowledge.
- Blinkist: Blinkist gives you practical advice from the leading titles in nonfiction, including the finance space. The subscription service offers all reading selections in both traditional and auditory formats so you can learn in the most effective way possible.
- Take an Online Course: If you’re more of an interactive learner, you might benefit from taking an online course from sites like Udemy, Masterclass, Skillshare, Udacity or edX. That way, you can learn from the finest teachers in economics, business, and more, all from the comfort of your home.
- Practice What You Learn: Above all, the best way to learn finance is to start participating and learn from your experiences along the way. Start investing in your future as soon as possible, even if it’s as small as investing spare funds into Robinhood or Acorns.
Practicing effective personal finance is much easier said than done. However, by learning from some of the best finance books for beginners and exercising consistent practice, you’ll be able to develop a strong financial strategy that works for you.
Remember, learning and practicing personal finance properly takes considerable time and patience. Don’t be discouraged if it takes you a couple of years to find your groove. Start investing and saving early so that you can reach your prime sooner rather than later.
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