Read all of my Book Reviews here

I made sure I checked out a few more books than usual as I was expecting the public libraries to be closed because of COVID. They did just over a week ago and luckily, I already have an inventory of books to read.

Below are the reviews of the 5 Best Personal Finance books I read in the first 3 months of 2020.

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The Latte Factor: Why You Don’t Have to Be Rich to Live Rich by David Bach

What I like about it: the “money lessons” are delivered in a story format featuring this Zoey character with dreams that she can’t attain because she lives paycheck to paycheck; I finished it in one go because the story was entertaining and the lessons were valuable

The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money by Carl Richards

The author teaches the importance of prioritizing your financial goals based on what is important to you which I agree 100%; I also love the fact that he emphasizes the fact that there is no one plan fits all as everyone’s situation is different.

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The One-Page Financial Plan: A Simple Way to Be Smart About Your Money by Carl Richards

Another book by one of my favourite personal finance authors; it teaches you to start a long-term financial plan uniquely for you taking into account things that are important to you; he places importance on actually recording your plan (on paper or electronically) so you don’t lose track

The Modern Couple’s Money Guide: 7 Smart Steps to Building Wealth Together by Lesley-Anne Scorgie

A personal finance book for Canadians so it includes discussions about registered savings plans such as tax-free savings account (TFSA) and Registered Retirement Savings Plan (RRSP) which is hard to find as most books are for Americans; the first third of the book focused on couple money management while the remaining two-thirds are on general money management / investing tips. However, the book talks about many investment techniques including leveraged investment (borrow money to invest) which I personally am not a fan of; also, because it touches on so many topics, it might seem too basic for some (however, a nice introduction to the personal finance world)

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley and William D. Danko

This is easily one of my all-time favourite books; the data might be a bit outdated as this book was published in 1998 but the concepts remain the same: live within your means and grow wealth slowly but surely; the author supports his facts with scientific research and are very convincing.

What about you? Tell me your favourite personal finance book in the comment. below!

Read all of my Book Reviews here

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