Scrooge Strategy

My favorite books on personal finance, psychology, and negotiation

19 comments — written on October 27th, 2008

I keep getting emails asking about my favorite books, and besides writing a few book reviews, I finally got around to adding my favorite books to my online bookstore.

So, here are my favorite books on personal finance, psychology, and negotiation (plus a few bonus categories): The I Will Teach You To Be Rich Amazon store.

If you have other favorite books I haven’t listed here, leave a comment and I’ll check them out.

* * *

Btw, stay tuned on Thursday or Friday of this week…I’ll be announcing something I’ve been working on for a while.

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19 comments

Leave your own

  1. 1
    October 28, 2008

    David

    I’d add “Stay Mad for Life”, by Jim Cramer to the list. It’s an investing book, but it dumps his usual focus on the market for advice on getting out of debt, saving for retirement and your kids’ education, and other topics.

  2. 2
    October 28, 2008

    Art

    The best personal finance book that I have read was “Get a Financial Life” by Beth Kobliner…it definitely has most of the same views that I have read on this site.

  3. 3
    October 28, 2008

    Clayton

    what about Rich Dad Poor Dad? i love it but i hear you either love or hate Robert

  4. 4
    October 28, 2008

    Kevin @ The Money Hawk

    Eagerly awaiting your announcement later this week…

  5. 5
    October 28, 2008

    Russ

    Check out “Index Funds: The 12-Step Program for Active Investors” by Mark Hebner of IFA.com. It’s a big book full of great illustrations and historical evidence supporting the case for low-cost, well diversified portfolios of Index funds

    Here’s book info on the IFA.com site: http://www.ifa.com/12steps/

  6. 6
    October 28, 2008

    John

    A Wealthy Barber was my first personal finance book and it taught me all the basics.

    http://www.amazon.com/Wealthy-Barber-Updated-3rd-Commonsense/dp/0761513116

  7. 7
    October 28, 2008

    Jeremy Freelove

    Ramit has already written about Rich Dad, Poor Dad.

    http://www.iwillteachyoutoberich.com/blog/book-review-rich-dad-poor-dad-this-books-irks-me

  8. 8
    October 28, 2008

    Jordan

    Ok I bought a book from you. ;)

    I’m curious how come you like The Richest Man in Babylon?

    A book that changed my outlook was Secrets of the Millionaire Mind. Check it out.

  9. 9
    October 28, 2008

    Nick

    I’m really not a fan of Suze Orman. She’s annoying and gets paid off by financial institutions to give out partial advice. Not necessarily bad advice, but advice that will make them more money. I did notice you had The Intelligent Investor on there though, and that’s a great book.

  10. 10
    October 28, 2008

    lordskip

    i’ll second benjamin graham’s “the intelligent investor.” it’s a good book on value investing written in layman’s terms. although it delves into issues most average joes don’t need to deal with, it does convey a very important message regarding investor emotion.

  11. 11
    October 28, 2008

    A Dawn

    I like Thomas J. Stanley (The Millionaire Mind, The Millionaire Next Door) and Brian Tracy (although he is not a 100% personal finance author). Also, my own book “Invest Now: A Canadian’s Guide to Investing” is worth mentioning.
    Cheers,
    A Dawn Journal
    http://www.adawnjournal.com

  12. 12
    October 28, 2008

    saleem

    Hey Ramit,

    I read ‘Influence: The Psychology of Persuasion” and “Why Smart People Make Big Money Mistakes” on your recommendation a couple years ago, and found both really useful. Have shared them with friends. Also enjoyed ‘The Black Swan’.

    Just wanted to say thanks for recommending thoughtful books that are low on hype and help people me understand more about how to keep my brain from working against me.

  13. 13
    October 28, 2008

    Jesse W.

    A great list of books! Have you ever read anything by Jim Rogers? He seems to be right lately but some feel he has just gotten lucky on some guessing; I personally do not, he is very knowledgeable.

    Jesse W.
    http://www.subprimeblogger.com

  14. 14
    October 29, 2008

    Stop Getting Cheated

    Jason Kelly has a series of “The Neatest Little Guide to…” One of them is Personal Finance. All of his books are insightful, humorous, and easy to understand. I think your readers will like his suggestions.

    He also runs an online investment newsletter for about $5.50 per month. (Yes, you read that correctly, $5.50/month.) This guy has good awareness and he’s honest when he makes a bad stock pick.

  15. 15
    October 29, 2008

    A Dawn

    Jesse – I love Jim Rogers. The Adventure Capitalist has to be his greatest creation. I reread this books over and over.
    Stop Getting Cheated – I was interested in Jason kelly’s books after knowing that he lives in Japan. Also, I like his infrequent market updates on his site.
    Cheers,
    A Dawn Journal
    http://www.adawnjournal.com

  16. 16
    October 29, 2008

    Roland

    How about “THOU SHALT PROSPER” written by
    Rabbi Daniel Lapin. A great book written buy a Rabbi for anyone who’s purpose is self improvement, making money, money management and more.

  17. 17
    November 1, 2008

    Cathy

    “Smart Women Finish Rich”, by David Bach is an excellent book and an easy, sensible read..and not just for women either! I’m so inspired by this challenge…and my shrinking savings account balance…. I’ve just cancelled all my premium cable channels, planned my work lunch menu for next week and dug up a journal to track my spending. Let’s do this!!!

  18. 18
    November 3, 2008

    WealthWeek.com

    Cashflow Quadrant by Robert Kiyosaki is a great book. Understanding the different classifications of income streams is a great way to see how wealth can be created (sooner than later).

  19. 19
    November 12, 2008

    Lane

    I highly recommend “Your Money or Your Life” by Joe Dominguez and Vicki Robin.

    It involves taking a look at your psychology around money, and helps you set up your own goals based on what you really want, not what you believe you should want. I think with this program, you could become a millionaire merely though your detachment from your income.

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