Personal finance can be a difficult subject to bring up in real life. As much as I enjoy writing about personal finance in this blog and on social media, I often find myself not getting involved in similar conversations in person. Money is tough to talk about without sounding preachy. People have to truly want to hear the message or else it will likely fall on deaf ears. Personal finance books have an opportunity to bridge that gap. That’s if you can get a person to read them, of course.
During the past few months I’ve heard several people mention how a book they received as a wedding gift changed their life. The examples were not unique to personal finance, but also included topics such as faith, raising children, and other family situations.
A person’s wedding day usually results in significant lifestyle changes that only occur during certain points in their lives. Many newly married couples are combining finances, moving in together, and discussing the potential of having children. Their wedding day may be one of the rare times in their lives when they are more open to advice. Who knows, maybe they’ll take the book on the plane ride for their honeymoon?
My commitment going forward is to start giving personal finance books, along with some cash, as a wedding gift. I’d also include a personal note saying something along the lines of, “This book made a significant impact on my life and hope it does for you as well.”
Personal Finance Books for Newlyweds
A couple months ago I posted the following question on Twitter.
And let me tell you, the personal finance community delivered. I only included books on the list below that I have personally read and can vouch for having a life-changing impact on my family. If you’re interested in seeing many other great suggestions you can view the original Twitter thread. Regardless, I’m excited to share this list of books below!
Rich Dad, Poor Dad is Robert Kiyosaki’s story about growing up with two “dads” who had much different approaches with money. This book challenges cultural norms such as the definition of an asset and liability and how to teach your children about money. Kiyosaki makes the case that wealth comes from purchasing assets such as stocks, real estate, and businesses. This is one of the most frequently recommended books on the BiggerPockets real estate podcast, and shifted the way I thought about wealth building.
Recommended by: Mike Beatty @ Make Time Online
Dave Ramsey is a polarizing figure in the personal finance world. Many love him, while others aren’t as fond. Regardless, Dave and his team have helped rescue hundreds of thousands of people from debt. His one-size-fits-all approach encourages people to follow his baby steps to pay down debt, save an emergency fund, and eventually pay down the mortgage on their home. The Total Money Makeover lays out a framework that can allow nearly anyone to win with money.
Recommended by: That Frugal Pharmacist
The Broke Millennial series by Erin Lowry is a refreshingly honest and relevant take on steps you need to take to get your financial life together (GYFLT). As a side note, it took me a while to realize that the “F” in this acronym stood for “financial” and not some other four letter word despite being right on the book cover. Anyway, I read Lowry’s first book, Broke Millennial: Stop Scraping By and Get Your Financial Life Together last year and was impressed with the step-by-step approach to go from financially broke to financially badass. Lowry’s second book, Broke Millennial Takes on Investing: A Beginner’s Guide to Leveling Up Your Money would be great for anyone looking to start investing but not sure how or when to get started.
Recommended by: J @ Millennial Boss
Set for Life by Scott Trench gives young professionals the fiscal confidence they need to conquer financial goals early in life. Trench uses real life examples of how he went from spreadsheet junky to young real estate investor, which in turn has led to his current role as the CEO of BiggerPockets.com. Trench’s book teaches young professionals how to increase income, increase savings rates, and focus on building assets. Accumulating a lifetime of wealth in a short period of time requires working smarter and harder than the average person, and this book shows you how to do that. I distinctly remember reading this book on a flight several years ago and it had a significant impact on the way I think about wealth building.
Recommended by: Lisa Duke @ Lisa Duke Financial Coaching
The idea of financial independence isn’t exactly a new concept. It’s been around for decades although it was framed differently in the past. With that being said, Your Money or Your Life may have been the book that reframed the concept of financial independence that connected with people in a different way. Many financial independence bloggers today can trace their roots in some way back to this book. For nearly 25 years this has been the go-to book for taking back your life by changing your relationship with money. This book was fully revised and updated in 2018 with a forward from Mr. Money Mustache.
The Simple Path to Wealth is the book that I’d recommend most to anyone looking to start investing but not sure where to begin. This book is written with JL Collins’s advice to his daughter about investing. The overall premise is that complex investments only benefit those who create and sell them. The average investor would benefit from a much simpler approach focused on investments with low fees and a diversified portfolio. This book is perfect for anyone who knows they should invest, but doesn’t want to spend much time and energy thinking about it.
Recommended by: MrsMula
Of all the books on this list, The Millionaire Next Door may have been the most mind-shifting for me. I read this book as we were beginning to turn our financial situation around. Prior to reading I thought being rich meant the big house, nice car, and expensive private schools. This book helped me realize that most millionaires are seemingly average people who make very intentional decisions about their money. This book highlights seven common traits that show up again and again among those who accumulate wealth, several that will surprise you.
Recommended by: Matthew Lee @ USAF DDS
Whenever anyone asks which book I’d recommend that you don’t hear about often, I always go with Lifeonaire. I read this book for the first time a little over five years ago in the hospital after our son was born. Since then, I’ve read it almost every year. It’s a realistic fiction book that tells the story of a burned out dad who, like many Americans, is blindly pursing financial wealth in all the wrong ways. This book really connected with me and is what I’m aiming for my life to be more like.
Recommended by: ME!
Buy a Book to Support a Greater Cause
Please note, while I do not make any money from ads or affiliates from this blog, if you decide to purchase any of the books listed here I’d encourage you to use the special Amazon Associates link at the bottom of Uriah’s Fight website. In fact, you can use this link for any of your Amazon purchases. To do so simply click the link and scroll to the very bottom of the website and click on the “kinetic sand” photo. You’ll then need to search for the name of the book you’re interested in. All of the links in this post were created going through the same link, though I’m not 100 percent sure if it will work without going directly through the Uriah Fight website.
Uriah is the sweet boy of a friend in the personal finance community who is battling a rare form of cancer. As you can imagine, the medical costs associated with weeks spent in the hospital for treatment are complex. Additional information on how to make a donation to support Uriah’s family is available via their website.
Personal Finance Books for Newlyweds
I hope you enjoyed this list of books for newlyweds. The personal finance community really came through with a list of great recommendations. These are all books that I’ve read before given my obsession with personal finance and financial independence. I’ll let you know how it goes when I have the opportunity to gift one of these books at future weddings. I wish someone would have slipped me any one of these books when we got married.
If it were up to you what book would you gift at a wedding?