Beef Up Your Bookshelf with These Bestsellers on Finance

Welcome to the world of financial literacy, where the right information can transform your relationship with money and set you on the path to success. In this blog post, we will be reviewing five of Amazon’s top-selling finance books, because whether you’re a seasoned investor or a financial newbie, you can always learn something new. These books’ invaluable insights are reader-approved to help you reshape the way you think about and manage your money.

• The Simple Path to Wealth by J.L. Collins

Author and financial expert J.L. Collins provides a straightforward and practical approach to achieving financial independence in The Simple Path to Wealth. The book emphasizes the power of long-term investing in low-cost index funds and addresses common pitfalls, such as debt, that can hinder financial success. Collins’ conversational style and relatable anecdotes make complex financial concepts accessible to readers of all levels of financial expertise.

• I Will Teach You to Be Rich by Ramit Sethi

In this comprehensive guide that covers everything from budgeting to investing, Ramit Sethi combines financial advice with a touch of humor, making it an engaging read. The book focuses not only on building wealth, but also encourages readers to define—and then design—a rich life for themselves by aligning their spending with their values. Practical and action-oriented, this book is an excellent resource for those looking to take control of their finances.

• The Millionaire Next Door by Thomas J. Stanley and William D. Danko

More than four million copies have been sold since this book was published in 1996. Although the societal landscape looks very different today than when the book came out, the fundamentals behind Stanley and Danko’s research into how ordinary citizens become millionaires remain true. The authors’ deep dive into the habits and mindsets of the “next-door millionaire” reveals that living frugally while prioritizing saving and investing are behaviors that contribute to long-term financial success.

• The Psychology of Money by Morgan Housel

When it comes to money, what you know isn’t as important as how you behave, argues Morgan Housel. Attitudes shaped by experience and societal expectations can play a key role, as Housel shows in this exploration of the different—and often irrational—ways that people deal with financial matters. Anchored by 19 short stories, The Psychology of Money provides a look at the strange outcomes that can result when thoughts and feelings collide with logic, belying the school of thought that finance is purely a numbers game.

• The Intelligent Investor by Benjamin Graham

Regarded as a classic in the world of investing since it was first published in 1949, The Intelligent Investor remains widely acclaimed for its timeless principles for wise investing. Benjamin Graham’s insights, adapted for modern investors by financial columnist Jason Zweig, emphasize the importance of a disciplined approach to investing.

Remember that financial education is an ongoing journey. Each of these books adds a unique perspective to your personal finance bookshelf; together, they form a wide-ranging collection to guide you on the way toward achieving financial well-being. Visit your local WaterStone Bank branch to speak with a banker and find out how we can assist you on your financial journey.