The Best Financial Literacy Books & Resources to Empower Your Financial Future

Posted by: TheGuarantors on January 4, 2022

Being financially literate means having the confidence to efficiently manage, save, protect, and invest your money wisely. One of the most effective ways to achieve financial literacy and get your money on track is by investing in the best financial literacy books, podcasts, magazines, apps, and tools.

financial planning to empower your financial future

Be it planning for medical expenses, education costs, housing prices or even paying off your credit cards, financial literacy empowers you to make better decisions with your money. This shows the importance of financial literacy to unlock economic opportunities. Here are some of the best books on financial literacy alongside other resources we recommend you try out for better financial planning, now and in the future.

Read books to learn financial literacy

Hitting a good book is a great way to plan your financial journey. There’s no shortage of books filled with information on how to invest, manage a mortgage, and achieve personal financial literacy. You can even learn to build good credit, save for retirement, overcome money pitfalls, and plan your legacy. Below is a list of some of the best books on financial literacy that will help you put your best financial foot forward.

Getting into financial literacy

  • Rich Dad, Poor Dad - You've probably heard of this book by Robert Kiyosaki, but there's a reason it’s still considered one of the most popular personal financial literacy books of all time. This fun, informative, and insightful book kicks off with a childhood story of Kiyosaki learning from his two fathers “Rich Dad” and “Poor Dad”. Through those lessons, he explains the importance of financial literacy and shares ways to achieve financial freedom.
  • Why Didn’t They Teach Me This In School? - This title by Cary Siegel is ideal for teens or anyone looking for smart advice when starting out on their personal financial literacy journey. The book includes 99 principles on budgeting, investing, and life planning skills as well as 8 money lessons you should have learned by high school or college.
  • Broke Millennial - This masterpiece by Erin Lowry aims at young adults to help them learn financial literacy and manage personal finances. This book covers major money challenges that you may face - from understanding your relationship with money to discussing finances with your partner. Lowry’s signature conversational style makes this a good, engaging read and one of the best financial literacy books.
  • I Will Teach You To Be Rich - If you want expert advice on lifelong financial responsibilities and learn to become financially literate, this New York Times & Wall Street Journal bestseller classic is a gem. The author and financial expert Ramit Sethi shares best practices to pay off student loans, use credit responsibly, and spend money guilt-free with proper planning and investment. Sethi uses a simplified approach to explain the importance of financial literacy.
  • The Total Money Makeover - Want to get your growing expenses into shape? Need a little help in managing your debt? There’s no better way to plan for paying off your debt and learn financial literacy than with Dave Ramsey’s book on personal finances. This book will guide you through the smart ways to clear your debt, improve finances, avoid common pitfalls, and secure money for emergencies and retirement.

Besides counting on these books on financial literacy, there’s no shortage of other resources that can help improve your financial knowledge. Here are a few financial literacy resources worth checking out.

Tune into financial literacy podcasts

While you’re busy with daily chores, running errands, or walking the dog, a podcast is an easy way to soak up money management tips and financial information without putting in a lot of effort. From making a budget to managing debt and saving for retirement, you can tap into expert knowledge by listening to financial literacy podcasts. Some of the actionable picks you can tune into are Millennial Investing, The Dave Ramsay Show, Money For The Rest Of Us, BiggerPockets Money, and Smart Passive Income, to name a few. You can head to iTunes, Spotify or Stitcher to listen to your favorite podcast.

Financial literacy podcasts

Subscribe to financial literacy magazines

You can pick up a lot by merely making a habit of diligently reading business magazines and newsletters on personal finance. Subscribing to business publications is a great way to absorb extensive coverage, tips, tricks, and advice on the financial world. Barron’s, Kiplinger, Entrepreneur, The Economist, Fortune, Inc., and Fast Company are some of the top financial magazines of all time.

Financial literacy magazines

Learn financial literacy tools

Financial tools are a great resource to help you proactively manage your money, maintain a budget, and meet your financial goals. There are several online finance tools available including both paid and free options. Mint, TurboTax, Quicken, FutureAdvisor, Personal Capital, YNAB (You Need a Budget), and FINRA are a few of the best tools to calculate your loan, tax and cash flow among others.

Explore financial apps

Need an app that can help you keep up with your spending? Switch to mobile-based personal finance apps, such as Albert, Spendee, EveryDollar, Mobills, Mobile Diamond Mobile App, and Prism. These apps can help you compute taxes, budget finances, track bill payments, keep up with credit scores, create a shared wallet, manage assets, and offer the complete financial picture in one place. Download these personal financial apps to manage your overall finances on the go.

Get in touch with TheGuarantors for expert financial solutions

No matter how financially literate you are, it’s important to stay informed. The more you understand finances, the better decisions you can make at every stage of life. To get started, reach out to TheGuarantors, your reliable financial partner. We offer the most effective financial solutions on everything from day-to-day money management issues to complex financial scenarios. Let us help you plan for your financial needs to stay on track. Visit our website and Instagram page today!