What is Personal Finance?
Personal Finance is the term used to define the decisions that people make on their finances, or in simple terms, money habits. This usually involves planning, budgeting, investing and savings. Women mostly find it hard to find personal finance books that relate to their situations, struggles or lifestyle as most of the finance books are written by men.
In this article, you will discover the top rated personal finance books for women, that will help you master your finances, break any financial struggles and eventually get to financial independence regardless of your current situation.
If you would like to know about the clear definition of financial literacy and steps to attain a healthy personal finance habit, Click here.
Personal Finance Books For Women
1. Think & Grow Rich for women by Sharon Lechter
Sharon Lechter is a Financial literacy advocate, especially for women, she is also a co author of the famous “Rich Dad Poor Dad” book. Her mission is to ensure women have financial independence in whatever situation they are in.
She wrote ‘Think Rich for Women’ by adapting Napoleon Hill’s classic ‘Think and Grow Rich’ that was written in 1930 for men or rather during the male dominated world.
Her main audience in this book is women. She includes insights and success stories of powerful female leaders, while addressing relevant struggles that women may encounter. Some of these include gender salary gap, work life balance and society expectations.
All the 13 principles written by Napoleon are also mentioned: Desire, Faith, Self belief, Persistence, Mindful thinking and more.
I like the fact that she highlighted quotes from women across generations at the end of the book.
This self help book is for you if;
- You are looking into building wealth
- Step into financial independence
- Grow your mindset
2. The psychology of money by Morgan Housel
This Personal Finance book illustrates how our emotions, thoughts, mindset and behaviors change shape our financial decisions.
I find it easy to understand as it focuses on the physiological and emotional side of money, making it easy to apply to our day to day life.
The key lessons that Morgan highlighted in this self help book include:
- Behavior and discipline will help you manage money without involving emotions.
- The power of compounding and starting early is important. This involves having patience, highlighting that things won’t change overnight.
- Understanding the ways on how to attain financial freedom and still manage your time as you like.
This personal finance book is for you if you would like to understand how emotions influence wealth, the ways that people make financial mistakes and eventually how to build long term financial stability.
3. The millionaire next door by Thomas J Stanley and William Danko
When we look at people with flashy cars, or those living luxurious lives, we mostly assume they are rich.
And that is the biggest myth.
Thomas J and William did research and discovered that most wealthy people are quiet, disciplined, and cautious with money. They are rarely spenders. They believe in financial independence rather than a flashy lifestyle that will need them to work extra to afford it.
The key takeaways from this money book are:
- Wealth is built through discipline not high income
- Millionaires plan and budget finances. They are not influenced by trends.
- Always leave below you means
- Start investing early, invest in long-term projects like Real Estate
- Own a small business, even if it’s an online side hustle
This personal finance book is for people that are looking to be millionaires through discipline and making smart choices.
4. Girls that invest by Simran Kaur
Simran is the founder of the famous podcast and platform: Girls that Invest.
This finance book breaks down the concept of investing for women. Simplifying it in a relatable manner that makes women feel comfortable in investing.
The key topics from the book include:
- Clarifying the myth that investment is mostly for men. She clarifies that women are better in investing as they are risk conscious and patient hence making better financial decisions.
- Compounding investment is your best friend. The earlier you start, the more your money will grow over time. You will also learn more about how investments work. One can start with anything as low as 50 USD.
- Investments lead to financial independence. Girl bosses that invest are more included into making more choices for themselves and being independent.
Girls that invest is a beginner friendly investment book that helps girls who want to staenture into investing but feel intimidated or unsure of the steps to take.
This book is for you if you are a beginner in investing and would like to know the basis of the stock market, how to choose investments and even creating diverse portfolios. She breaks everything down in a friendly and easy way to understand. It is actually my go to read out of all personal finance books I have read.
5. Rich habits: The Daily Success Habits Of Wealthy Individuals by Thomas Corley.
Corley is a financial planner and public accountant that did a five year study of the daily habits between rich and poor people. While some of the habits that he mentions sound familiar, reading them again will add a positive impact on how you handle your day to day life.
The key habits that Corley mentioned in this personal finance and self development book include:
- Setting clear, smart goals and working towards them.
- Practicing cautiousness with money and living below your means by avoiding unnecessary expenses or retail therapy.
- Networking around people that are success oriented.
- Prioritizing tasks and avoiding procrastination, usually through routines.
- Having multiple income streams, either through investments or even online side hustles.
- Constantly practicing personal development and self growth.
If you need a guide on identifying rich people’s habits, improving your financial situation or basically just a roadmap to success, this self help book will be perfect for you.
6. How To Be a Bawse: A guide to conquering life by Lilly Singh
This is a self help book that inspires women to take control of their lives, work hard and make better choices.
Lilly Singh, the author is an entrepreneur, YouTuber and comedian.
The main key takeaways include:
- There is no short cut to success, you need to work hard and stay disciplined to achieve your goals
- Mindset is a key to success, challenge any negative thoughts, set goals and stay confident
- Failures are learning opportunities, they are inevitable. Knowing how to handle them will determine your success
This self help book book is for people that are looking for high energy books to motivate them to take charge of their lives and build confidence towards success. It is an easy read filled with humor.
7. Secrets Of Six-Figure Women: Surprising Strategies To Up Your Earning And Change Your Life by Barbara Hudson.
Barbara is a financial coach that specializes in financial empowerment for women. Although coming from a wealthy household, she lost everything and had to educate herself on financial independence.
In this self help book, she shared financial tips on how to break barriers, be financially independent and earn six figures.I like her writing as she speaks about the psychology of wealth. Insisting on the importance of being confident, taking risks and mastering your self worth.
Some of the key lessons that Barbara wrote about include:
- Change your mindset from scarcity to abundance by believing you are worthy of attracting wealth.
- Know your value and ask for more. If you do not ask, you do not receive. Always negotiate. Six figure women always demand for what they believe they are worth.
- Embrace discomfort, take risks and push yourself. You do not have to see the whole staircase to take the first step.
- Most importantly, do not work harder, work smarter. Use your skills, relationships and opportunities to bring in income.
I find this self help book inspiring for women who mostly feel stuck in their 9 – 5 underpaying jobs. With stories from women shared in this book, you will find a mix of expert advice, personal stories and practical steps.
8. Clever Girl Finance by Bola Sokunbi
Bola is a Certified Financial Expert. She is also the founder of Clever Girl Finance, a platform where women share tips on debt management, financial freedom and mindset.
This personal finance book is written in a relatable and easy to understand style for women.
The key topics that Bola Sokunbi are:
- Steps for getting out of debt.
- Creating a budget and tracking expenses to see where most of your spending goes.
- Investment strategies and the importance of starting early.
- Gaining financial confidence and taking charge of your finances.
This self help book on financial independence for black women, or rather all women, guides you on taking small and consistent steps to good money habits and financial freedom.
9. You are a badass at making money: Master The Mindset Of Wealth by Jen Sincero
Jen Sincero is known for the books You are a Badass and You are a Badass at Making Money. She writes her books in a conversational, humorous and no nonsense tone. She went from struggling and living in a garage to becoming a multimillionaire.
Her book, You Are A Badass At Making Money, is focused on making people change their mindset about money, let go of their beliefs and finally attract wealth.
Some of the key lessons that Jen mentioned in her book include:
- Mindset determines your wealth. Having a negative mentally around money and limiting beliefs that you can never be a millionaire or become rich will impact how your finances unfold.
- Manifestation, the power of intention and visualization is important. Creating vision boards and behaving like you are already rich will help you attract it. I do not mean overspending.
- Self doubt, fear of looking foolish or rejection holds people back from achieving their goals and financial success. She encourages people to take risks, stop with the excuses and step out of their comfort zones.
This personal finance book is for women who feel stuck and would like to break free from their financial struggles. It also helps on the manifestation journey and law of attraction through money mindset shifts.
Bottom Line On All Personal Finance Books:
After reading different personal finance books, I can confidently say that they all cover the same topics and insist on the same methods. Shifting your mindset, taking risks, being cautious with money, budgeting, investing, having multiple income streams, trying online side hustles and of course setting smart goals.
To achieve all these, you need to start with personal development. Create a routine, discover what works for you and be time conscious.
Click here to read more on personal development and self growth. Start your journey to financial freedom today.
