Ranking of the best books on financial literacy in 2022

What does it take to build an empire? Not only a great desire, but also knowledge of the nuances of the financial business. This is where educational financial literacy books can give you the pieces of wisdom you need to accumulate, maintain, and increase wealth.

There are a number of financial literacy textbooks that have gained an excellent reputation over the years for providing information that has changed the lives of many aspiring entrepreneurs. Finding the literature that can answer the questions that are still stumbling blocks in your quest for success is a life-changing experience for every future millionaire.

Which book is the best in its genre, how to choose the right "reading" for the weekend? A selection of recommended books from the best financiers, a detailed description and content of each book in this article!

Best Financial Education Books

Below are popular tutorials that you should definitely read if you plan to conquer the financial Olympus in the future. The list includes books for both ordinary people and businessmen who know the basics of investing and more.

Rich Dad Poor Dad by Robert Kiyosaki

This is Robert Kiyosaki's inspiring story of growing up with two dads, his real dad and his best friend's rich dad. A book about how both men shaped a young boy's thoughts about money and investments.

The ingenious bestseller not only provides insight into how and why you should invest, but also challenges the reader to develop this culture among children. This work has a lot of fans, in their reviews, readers enthusiastically describe their impressions of what they read, tell how motivating tips changed their lives for the better.

A foreign book filled with frank conversations, bright inserts and quizzes will serve as an impetus for the personal and financial success of the child. The author will teach you to speak the language of money, "to work to learn, not to earn." In total, 27 volumes of the "alphabet" for businessmen have been written, but special attention should be paid to:

• Rich Dad's Guide to Investing;
• "Cash flow quadrant";
• "Retire young and rich";
• "If you want to be rich and happy, don't go to school."

The popularity of this series is obvious. Hardcover, dense pages, nice font - talking reasons to buy a paper book. There are handy note fields, a seminar section after each chapter with questions for discussion.

How much is Robert Kiyosaki's bestseller worth? The price is from 170 to 400 rubles. There are editions with pictures and illustrations. The circulation is about 30 million copies.

• written in simple language;
• exciting and easy to read;
• will be useful for teenagers and children;
• the meaning of money is revealed;
• budget cost;
• the writer gives specific recommendations.

• a lot of unnecessary information, lyrical digressions.

“Reasonable investor. The Complete Guide to Value Investing, B. Graham

The greatest economist of the twentieth century, Benjamin Graham, taught and inspired people around the world for many years. Graham's "value investing" philosophy, which teaches beginner investors to develop long-term strategies, has made his textbook the bible of the stock market since its original publication. The year of publication of this masterpiece is 1949.

While maintaining the integrity of Graham's original text, this revised edition includes an updated commentary by renowned financial journalist Jason Zweig, whose perspective reflects the realities of today's marketplace, draws parallels between Graham's examples and modern times, and provides readers with a deeper understanding of how to apply the American economist's principles to everyday life. .

The main emphasis is that you must conduct a deep and thorough investment research, because only analysis leads to excellent results. Warren Buffett (the biggest investor of our time) calls this textbook the best book on investing ever.

The price of a hardcover book varies from 500 to 900 rubles. Only 568 pages, there is a handy rag bookmark. You can buy and download the electronic version of Graham's work on Litres, as well as on the website of the Russian publishing house Alpina Publisher.

• written by an expert who knows his stuff;
• useful guide with practical advice;
• the criteria for selecting stocks and bonds are logically explained;
• ways and methods of successful investment are described;
• figures, facts, analysis over a long period of time.

• not suitable for beginners;
• it is desirable to know the basics of finance;
• lengthy presentation, dry language.

"Think and get rich. 21st Century Edition, Arthur R. Pell

Hit for many centuries! The book was written after the Great Depression of 1929 and is the end product of two decades of research by Napoleon Hill. His work began when Andrew Carnegie (a steel magnate who was then the richest man on Earth) gave him the task of writing a "Philosophy of Personal Achievement".

Napoleon Hill, then a mere poor journalist armed only with an introductory letter from Carnegie, set out to interview more than five hundred successful people, including Henry Ford, Thomas Edison, Alexander Bell, John D. Rockefeller, George Eastman, and others. Well, he succeeded!

Hill then revealed the invaluable wisdom of his research in the form of simple thirteen steps to success. Regardless of when this book was written, the stories and lessons of the talented journalist are still relevant today. In the original book Think and Grow Rich, published in 1937, Hill draws on the stories of his generation's millionaires to illustrate his personal principles.

In the updated version, Arthur R. Pell, Ph.D., world-renowned author, lecturer, and human resource management consultant, deftly interweaves the original text with new stories about how today's rich people like Bill Gates, Mary Kay Ash and Sir John Templeton achieved their heights. Legacy terms have been updated to remove any stumbling blocks for a new generation of readers.

• describes the history of entrepreneurial thought;
• read in one breath;
• a detailed overview of the American financial market;
• will appeal to fans of the genre of financial literature;
• interesting tips and tricks.

• Lots of water and repetition.

The Smart Investor's Guide by John Clifton Bogle

This popular book is a classic guide that should be read by anyone who wants to change their financial condition once and for all. The legendary John Clifton Bogle reveals his secret to success from investments, namely from low-cost index funds. The author tells readers how to make index investing work and bring impressive returns.

Bogle describes the simplest and most effective investment strategy for making millions in the long run, which is "buy very low and bide your time."With this guide, you will also be able to:

1. Build a broadly diversified, budget portfolio without the risks of individual stocks, manager selection, or sector rotation.
2. Forget the marketing hype and white collar fads and focus on what works in the real world.
3. Recognize that business reality ultimately exceeds market expectations.
4. Learn how to use the "magic" of compound returns while avoiding the tyranny of compound spending.

In the updated version, the businessman also added two new chapters designed to provide further guidance to investors, one on asset allocation and one on retirement investment.

The strategies are endorsed by Warren Buffett, who said this about Bogle: "If a statue is ever erected to honor the man who has done the most for American investors, it should be a monument to John." He is supported by other masters of their craft, including Benjamin Graham, Paul Samuelson, Burton Malkiel and others.

• the book answers all questions about ETFs;
• engaging, written in simple language;
• affordable training for beginners;
• explains the criteria for selecting investments.

• information only about ETFs;
• not suitable for beginners.

The most anticipated novelties in the world of financial literature

Where to begin? What to do to learn how to really make good money? So many questions that the greatest businessmen have already answered in their books. Below is a list of the best pieces that inspire you to take on the challenges that have made them amazingly successful.

The Eight Rules of Efficiency. Smarter, faster, better, Charles Duigg

The Eight Rules of Efficiency. Smarter, Faster, Better" - the best according to millions of readers from all over the world. Most of the reviews are positive, in their reviews, numerous readers enthusiastically tell how their lives have changed after reading this motivating book.

This business book will be especially helpful in the area of ​​productivity as it redefines what it means to be productive. The author will teach you how to shift your focus to managing your thinking, rather than wasting time on what you think. The basic principle is that you can change your life by making certain choices, and bestselling author Charles Duigg gives you the tools to reshape your decision-making process.

In Smarter, Faster, Better, Duguig makes a compelling case that the traditional goal-setting model of focusing on our big ambitions first and ignoring all the small decisions and easy goals along the way is inherently wrong if you want to make big changes in your life or business.

• there are editions with illustrations and photographs;
• easy to read and fast, language simple and engaging;
• suitable for beginners who are far from the intricacies of business;
• original tips and tricks.

• a lot of water and empty phrases.

Giants' tools. Success Secrets, Productivity Techniques, and Good Habits by Tim Ferriss

“Over the past two years, I have interviewed over 200 world-class artists for the podcast.Guests included super celebrities (Jamie Foxx, Arnold Schwarzenegger), athletes (icons of powerlifting, gymnastics, surfing) and legendary black market biochemists. It was these interviews that helped me write the book, ”said Tim Ferriss, author of a whole series of bestsellers, commenting on the publication of his new book.

This piece naturally brings together the best business tips, productivity tips, life lessons and more from all the guests on Tim's podcast. The man says that reading this business book is one of the most affordable investments you can make in the future as an entrepreneur. It does not sound very modest, but there is some truth in his words.

Tim admits that he considers himself more of an experimenter than an interviewer: “Everything in these pages has been tested, studied and somehow applied in my life. I have used dozens of tactics and philosophies in negotiations, high-risk environments, and large business relationships. These simple lessons have brought me millions of dollars and saved me years of wasted effort and frustration.”

You can get the book for free by downloading it online from iknigi.net. "Tools of the Giants" will be interesting to read for general development, even for those people who do not plan to do business in the future.

At the heart of this hit are eight key performance concepts—from motivation and goal setting to focus and decision making—that explain why some people and companies are so successful.

Drawing on the latest discoveries in neuroscience, psychology, and behavioral economics, as well as the experiences of CEOs, educational reformers, generals, FBI agents, airplane pilots, and even Broadway songwriters, this book explains how productive people operate in everyday life.

• engaging content;
• can be freely downloaded for free;
• actionable and inspiring advice;
• suitable for beginners.

• not found.

"I will teach you how to be rich" by Ramit Sati

I Will Teach You to Be Rich was published ten years ago by Ramit Sati, but the book has recently been republished and updated. The year of publication is 2022, eminent financiers are already equating the “textbook on wealth” with world classics. Despite the fact that the book is voluminous (only 350 pages), it is easy and quick to read.

What is the point? Buy as much coffee as you want. Choose the right accounts and investments so that earnings increase automatically. It is best to spend money without regret on what you love. Personal finance expert Ramit Sati has been dubbed a "wizard" by Forbes journalists.

Today, the businessman is considered one of the best authors in his niche, this book is a clear confirmation of this. In his new book Ramit:

• teach how to create free bank accounts with a high interest rate;
• tell you how to save hundreds or even thousands a month (and still buy what you love);
• describe a "set it and forget it" investment strategy that is extremely simple and outperforms financial advisors at their own game;
• help you cope with buying a car or a house, having children and other big expenses - quickly and without stress;
• teaches you how to use the right phrases to negotiate a big promotion at work.

Ramit presents ideas differently than many other financial experts, he focuses on big wins that will really impact your money status.

• simple and understandable language;
• suitable for reading in transport;
• lots of tips and advice.

• there is no official Russian edition.

Conclusion

Now you know which book is better to buy? This detailed ranking of must-read books will help fill gaps in financial knowledge. Among the works described above, everyone will find a suitable “representative of the genre”.