According to the survey conducted in the United Nation about the questions related to finance, only 52% of adults answered. This shows that nobody has enough knowledge about financial management but now financial literacy is improving in the UN and other countries slowly.
Some of the best financial management books offer valuable information such as how to manage investment, spending, savings, and debts.
Here are some of the best financial management books which help the reader to become more knowledgeable about financial management as these books on financial management provide the complete knowledge of finance, finance principles, money-lessons, firsthand experience, and advice from the finance experts.
One must choose the best financial management book as these are easy-to-read which will be ideal for new grads and the one who is looking to start-up their personal finance journey right away.
Let’s have a look at these best financial management books.
Best Financial Management Books
Here, in this article, we have listed some of the books on financial management as it is one of the important aspects that everyone should learn.
You can choose any book on financial management from the list below as these are the top rates and the best financial management books.
Below is the list of best books on financial management to read in 2022:
- Financial Management: Theory & Practice.
- Fundamentals of Financial Management: Concise Edition.
- The Richest Man in Babylon by George Samuel Clason.
- Financial Management by Eugene F. Brigham & Michael C. Ehrhardt.
- The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey.
- The Basic of Public Budgeting & Financial Management by Charles E. Menifield.
1. Financial Management: Theory & Practice
With covering many interesting and important topics of corporate finance, this financial management book is considered the best financial management book. This book on financial management is mostly purchased by the students doing MBA in Finance.
This financial management book covered the principle of finance and its theory with better explanations.
Book Name & Author
Book Name: ‘Financial Management: Theory & Practice’
Author: ‘Dr. Eugene F. Brigham’
The author of this book on financial management is Dr. Eugene F. Brigham who is the “graduated Research the Professor Emeritus” at the University of Florida and has also served as the “Financial Management Association “and also written many journal articles on capital structure, cost of capital and many other financial management books.
This is considered the best financial management book as compared to others.
The important topics covered by this book on financial management are listed below.
- Overview of Financial Management, Financial Statement Analysis, Financial Environment, Cash Flow & Tax & Financial Statement.
- Capital Structure Theory, Degree of Leverages, Capital Structure Decision & Distribution to Shareholders and Repurchase.
- Bond Value, Bond, Interest, Continuous Compounding, Derivation of Annuity Formulas, the Tabular Approach & Time Value of Money.
- Corporate Governance, Corporate Valuation & Financial Planning.
- Application in Corporate Return, Financial Option, Corporate Valuation & Stock Valuation, Risks & Returns.
- Risk Analysis, Cash Flow Estimation, Basic of Capital Budgeting, Cost of Value.
The key features of these important topics which are presenting in a good manner make this book on financial management one of the best financial management books.
2. Fundamentals of Financial Management: Concise Edition
This financial management book of Fundamental of Financial Management, Concise Edition is the best financial management book for those who want to gain knowledge about corporate finance or its practice in the corporate world and also contains the complete introduction to corporate finance emphasizing the concept of Time Value & Money and the Concept of Valuation with numerous up-to-date-examples.
It also contains end-of-chapter applications and integrated cases providing a better understanding of concepts in addition to Excel Spreadsheet Models which works as the critical software tool and the latest Test Prep App which helps the students to prepare for the exams with this book on financial management.
Hence, all these features and the latest concise edition of this financial management book make it one of the best financial management books.
3. The Richest Man in Babylon by George Samuel Clason
Book Name & Author
Book Name: ‘The Richest Man in Babylon’
Author: ‘George Samuel Clason’
This financial management book was published in the year 1926 written by George Samuel Clason is still one of the best financial books which contain the explanation of the financial management in ancient Babylon with the collection of parable set.
This book on financial management will teach the readers to learn about the basic lessons of life which are termed as Learn how to be lucky, Live below your mean and Never take on debts.
Moreover, the Babylonians have also discovered the basic principle of financial management for instance: how to lend money instead of borrowing, investing it wisely, and learning how to protect the wealth.
If the reader is looking for the best financial management book, then The Richest Man in Babylon is the stop.
4. Financial Management by Eugene F. brigham & Michael C. Ehrhardt
Book Name & Author
Book Name: ‘Financial Management
Author: ‘Eugene F. Brigham & C. Michael Ehrhardt’
This financial management book by Eugene F. Brigham & C. Michael Ehrhardt is the best financial management book for those readers who want a balance between practical and theoretical knowledge about financial management.
In this book on financial management, both the authors are renowned financial writers and explained the important concept of finance management very beautifully.
Moreover, this financial management book is also divided into many multiple sections which starts with the presentation of the fundamental of corporate finance which will help the readers to understand corporate finance in a better way.
There are many financial techniques in this financial management book which include the explanation of the latest economic crisis and financial issues with full references to makes the reader understand every topic better and all these qualities make this book on financial management one of the best financial management books in the market.
5. The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey
Book Name & Author
Book Name: The Total Money Makeover – A Proven Plan for Financial Fitness
Author: ‘Dave Ramsey’
In this financial management book, the author “Dave Ramsey” has explained the different techniques to achieve total financial fitness. He also provides the practical approach to achieve financial wealth and debunks many financial myths.
This book on financial management is not just a theory but also a practical approach that works all the time and therefore, this book on financial management is considered as one of the best financial management books in the market as well as the best seller in the New York Time.
6. The Basic of Public Budgeting & Financial Management by Charles E. Menifield
Book Name & Author
Book Name: ‘The Basic of Public Budgeting & Financial Management’
Author: ‘Charles E. Menifield’
This is one of the best financial management books for those readers who want to understand the different aspects of the financial management and budgeting process of the State Government.
In this book on financial management, the author ‘Charles E. Menifield’ has explained the step by step process of budgeting and also explained the different technical skills and concepts which are important in the process of budgeting rather than the practical exercises provided in this financial management book are to apply on these concepts.
If the readers are searching for the best financial management book then this book on financial management will be a good choice.
Best Personal Finance Books in 2023
Now if we talk about the Personal Finance books, these books make the readers learn about the basics of personal finance such as how to manage and pay off debts and the money and savings lessons which should not be taught in schools most of the time.
However, if the readers want to improve their finances, then here are the references of some of the best personal finance books which would surely help the readers to improve their finance from these picks of personal finance books.
Below is the list of best personal finance books to read in 2023
- Rich Dad, Poor Dad.
- Best of Budgeting: Your Money, Your Life.
- Best Psychology: The Psychology of Money.
- Best for Women: Clever Girl Finance.
- Runner-Up, Best for Beginners: The One-Page Financial Plan.
- Best for Splendors: I Will Teach You To Be Rich.
1. Rich Dad, Poor Dad
Book Name & Author
Book Name: ‘Rich Dad, Poor Dad’
Author: ‘Robert Kiyosaki’
This is one of the best personal finance books from the last two decades. The author Robert Kiyosaki defines the “assets & liabilities” and also makes the concept clear that how a person doesn’t need to make a lot of money to get rich.
He also explains to parents that what is the reason behind not teaching the kids about personal finances? This 20th edition of this personal finance book included an update on all the things such as money, the economy, and investing from the author makes it one of the best personal finance books in all aspects.
2. Best of Budgeting: Your Money, Your Life
Book Name & Author
Book Name: ‘Best of Budgeting: Your Money, Your Life’
Author: ‘Vicky Robin’
This personal finance book by Vicky Robin is the best personal finance book with more than a million copies sold till today. Personal finance book layout is a nine-step plan and easy-to-follow which helps the readers to change their relationship with money.
This personal finance book has covered the following important topics such as how to get started investing, how to build wealth, how to get out of doubts or even how to save money which is practicing by Robin’s mindfulness signatures techniques and all these features makes this personal finance book to be the best personal finance books in the market.
3. Best Psychology: The Psychology of Money
This personal finance book is an interesting delve that converts into the psychology of money and also lets the readers know about how a person’s ego, pride, and preconceived notions can affect the decision around money.
Thus, this personal finance book provides the tips and tools to the readers to overcome these biases in the form of 19 short stories in which the main focus is on the same topic.
Therefore, these unique storytelling ideas to improve the person’s psychological value of money in this book make it one of the best personal finance books available in the market.
4. Best for Women: Clever Girl Finance
Book Name & Author
Book Name: ‘Best for Women: Clever Girl Finance’
Author: ‘Bola Sakunbi’
A woman still has to work harder than men when it comes to money. The personal finance book “Clever Girl Finance” is written by Bola Sakunbi who is a Certified Financial Education Instructor (CFEI) and also the Founder as well as CEO of the ‘Clever Girl Finance’ website.
She aims to educate and empower the whole generation of women. She explained in this personal finance book about the things like how to keep an eye on expenses, manage your credit, create and stick to a budget, and most of all take the responsibilities of yours as financial well-being.
If being a woman the readers wants to improve her finance then this personal finance book of ‘Clever Girl Finance’ is considered as the best personal finance book for her.
5. Runner-Up, Best for Beginners: The One-Page Financial Plan
Book Name & Author
Book Name: ‘Runner-Up, Best for Beginners: The One-Page Financial Plan’
Author: ‘Charles Richards’
This personal finance book was written by Charles Richards who is the communist and Certified Financial Planner for the New York Times. He has taken the mystery out of how to manage the finances effectively.
This personal finance book not only helps the person to figure out what the financial goals are but also lets us know that how to get them in a simple, one-page plan. And this personal finance book proves as one of the best personal finance books due to its one-page plan for beginner’s format.
6. Best for Splendors: I Will Teach You To Be Rich
Book Name & Author
Book Name: ‘Best for Splendors: I Will Teach You To Be Rich’
Author: ‘Ramit Sethi’
In this personal finance book of “I Will Teach You To Be Rich” the author Ramit Sethi who is the financial expert explains that how a person can spend the money guilt-free and as long as they allocate and invested properly.
This personal finance book talked about many issues of student’s daily basis needs of money such as the common money pitfall, how to save money every month from paying off students, and even how to tackle a way out from the late fees.
This 10th-anniversary new edition of this personal finance book updated views on psychology, money, technology as well as some success stories of the readers who have gotten rich after reading this personal finance book by Sethi.
So, if you are looking for the best personal finance book for improving your personal finance then this personal finance book is a better choice for you.
Best Financial Management Books – FAQs
Q1. List some of the financial management books which are considered the best financial management books in the market.
Ans. The list of some financial management books which are considered as the best financial management books in the market are given below:
- The Intelligent Investor: the definitive book on value investing.
- Think and Grow Rich.
- One Up On Wall Street.
- Security Analysis.
- The Theory of Investing Value.
- The Investment Answer.
- Market Wizards.
- Common Sense on Mutual Funds.
Q2. Which are the best financial management books for managing money?
Ans. There is the list of some of the best financial management books on managing money which is given as under:
- The Little Book of Common Sense.
- Your Money or Your Life.
- The Millionaire Next Door.
- Rich Dad Or Poor Dad.
- I Will Teach You To Be Rich.
- You’re So Money: Live Rich, Even When You’re Not.
- The Total Money Makeover.
Q3. Which book is placed as Number #1 in the best personal finance book?
Ans. Rich Dad, Poor Dad the story of Robert Kiyosaki of his dad and his friend’s father is the all-time best personal finance book until today.
Q4. List some of the other best personal finance books available in the market for improving self-finance.
Ans. The list of some other best personal finance books available in the market for improving self-finance is given below.
- Why Didn’t They Teach Me This In School?
- The Total Money Makeover.
- The Automatic Millionire.
- Broke Millennial.
Q5. State whether “The Richest Man in Babylon” is the best financial management book or either the best personal finance book?
Ans. “The Richest Man in Babylon” is one of the best personal finance books available in the market and one of the leading books on financial management planning.
