5 personal finance books to read in 2022

I wrote a very similar article in 2020 listing five books I thought everyone should read. I endorse each and every book I chose for that list, but with so many new personal finance books coming out every week, and my tendency to discover some books a few years after they’re published, I thought it was time to add a few. of my new favourites. All of the books I’m recommending are on my shelf, and I was so excited about them that I brought the authors on my podcast to talk about them.

1. STACKED: Your Super Serious Guide to Modern Money Management

By Joe Saul-Sehy and Emily Guy-Birken

No matter how hard we try not to and how many resources we post on financial topics, we still leave people behind. This book is trying to change that. And coming from podcasting legend Joe Saul-Sehy of Stacking Benjamins and best-selling author Emily Guy-Birken, this book is an automatic winner. I had the pleasure of talking to Joe about this book on my podcast, which I hope you will read.

The reason I recommend this book is because it does something very few other books have done: it makes finances fun and accessible. Without formal personal finance education offered by schools, we are on our own to learn about money and it can be daunting. Books like STACKED take the stress away and turn it into something you can dip your toe into before diving headfirst into it.

My favorite part (and, since mine was published first, I take credit for being the inspiration) is that I end each chapter of my book the same way, Don’t retire. graduate!With an extra credit assignment, this book ends each chapter with an achievement checklist that you can cross off to earn your badge of merit.

Get the book here.

2. Save your retirement! (From Mass Destruction by the 7 Retirement Villains)

By Patrick Strubbe

This is probably the most unique personal finance book I have come across. It’s X-Men meets money in the best way. I also got to talk to Patrick Strubbe about his book, and it’s one of my favorite podcast episodes to date.

I recommend this book because it takes seven very important but often misunderstood or ignored financial concepts and illustrates them (literally) as comic book villains out to foil your financial plan. It’s fun and different and shares a lot of my same ideologies (although that’s not why I recommend it). This is a great book for adults further along in their financial journey who want to protect their retirement.

Get the book here.

3. Simple Wealth: The Practical Guide to Transforming Your Relationship with Money and Living Abundantly

By Holly Morphew

I often talk about “Financial Advisor” being a title anyone can give themselves. It’s why I stress the importance of the fiduciary standard and why my team decided to require all of our advisors to be CERTIFIED FINANCIAL PLANNER™ practitioners and adhere to the strict code of ethics that accompanies the designation.

The same can be said for financial coaches.

I recommend Holly’s book for several reasons. First, because she went one step further to become an Accredited Financial Counselor®, and therefore I know that she abides by a code of ethics similar to mine.

Second, I know her story and I know that authenticity is a value that she holds close to her heart. This book is authentic in every way. She talks about her own struggles with money (some of which she shared with me on the podcast), how she buried herself in and then saved herself from massive credit card debt, and also talks about something I often talk about: things that are more important than money. Her book explores core mindsets and values, gratitude and generosity, not just saving money and paying off debt.

Get the book here.

4. Passive Income, Aggressive Retirement: The Secret to Financial Freedom, Flexibility, and Independence (and How to Get Started!)

By Rachel Richards

Rachel Richards is one of the most exceptional human beings I have met in a long time. With no trust fund or six-figure salary, she managed to retire very comfortably at age 27. And she’s retired in the new and improved definition of the word because she’s financially independent but she’s still productive, active and helping others duplicate her success.

I recommend this book to anyone who wants to create a passive income stream but isn’t sure where to start. Rachel describes several ways she can create her own passive income streams that may be easier and less overwhelming than she thought.

She was a fantastic guest on the podcast and even gave me some tips on how to double your success as a best-selling author.

Get the book here.

5. Don’t Retire… Graduate!: Building a Path to Financial Freedom and Retirement at Any Age

By Eric Brotman

You already know me well enough to expect me to squeeze my own book in here. But I’m not doing it for the reasons you might expect. I have no intention of withdrawing royalties from book sales. In fact, if I ever earn enough in royalties to cover the cost of publishing the book, I’ll be more than happy.

I include my book because I truly believe that it is one of the most powerful tools on the market. Especially for readers in their 20s just starting out, this book can walk you through all the steps I would take with a client during a lifelong counseling relationship.

It has steps and worksheets for getting out of debt, creating a budget, calculating your net worth, making sure you’re properly insured, creating a living will, structuring your portfolio, and everything else you need to do to be on your way to retirement. . It may seem counterintuitive to post this because for $16 you can do for yourself what our advisors are paid to do for our clients. But I know that not everyone is in a position to hire a financial advisor and you want the necessary tools to be available to those people.

So, I hope you’ll forgive the self-promotion and check out my book too.

Get the book here.

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