Personal financial planning is an important topic for those of us who are serious about managing our fortunes. The purpose of this type of activity is to bring ourselves and our family closer to financial security. There has been a lot written on this important topic and we will be examining just the top 6 best personal financial planning books here.
Personal Financial Planning by G. Victor Hallman and Jerry Rosenbloom (2003)
This has proved to be a popular book for those who are interested in learning more about personal financial planning. All the main topics are covered and if you feel that you know a lot already you are sure to learn more by reading this book. Those who have no experience with financial planning should have no problem leaping into the subject with this text as an introduction.
Personal Financial Planning — 12th Edition- by Lawrence J. Gitman, Michael D. Joehnk and Randy Billingsley (2010)
This book is used for many academic courses but it is also perfect as an introduction or reference resource. This is a very comprehensive book and everything is explained in clear detail with plenty of real life examples to reinforce learning. If you are only going to ever buy one book about financial planning then this might be the best option.
Get a Financial Life: Personal Finance In Your Twenties and Thirties by Beth Kobliner (2009)
As you can probably guess from the title this book is aimed at people who are in the early stages of their career. It offers sound financial advice that should ensure that by the time retirement comes there will be a bit of money to enjoy life. This book isn’t all about saving for retirement though, the main focus is on managing money effectively now so that we can get more from life. The advice here is excellent and all the most important issues are dealt with in detail. The information is also very easy to understand and the book is highly readable.
Ernst & Young’s Personal Financial Planning Guide — 5th Edition- by Ernst & Young, Martin Nissenbaum, Barbara J. Raasch and Charles L. Ratner (2004)
There are many who would claim that this is the best book available if you are determined to take charge of your financial future. This is a great resource that will appeal to people with no knowledge about the topic; it will also be value to those that already feel that they understand the basics of financial planning. The authors of this text know their subject well and the advice they offer is extremely useful and relevant.
Financial Planning Demystified by Paul Lim (2007)
Financial planning demystified is a good introduction text to financial planning. Paul Lim does a good job of providing the key information that will be of value to those who know little about the topic. After you have finished this book you should feel that you have learned a lot and you will be able to handle most conversations on the topic of financial planning.
The Motley Fool Personal Finance Workbook : A Foolproof Guide to Organizing Your Cash and Building Wealth by David Gardner, Tom Gardner, Inc Motley Fool and Dayana Yochim (2002)
This workbook has been around for a few years but it continues to be highly regarded. This is not just a book telling you how to deal with financial planning but it takes your right through the process. If you something that is highly practical then this Motley Fool workbook could be the best option for you.
