The days are at their longest, and warm evenings beckon: it’s the perfect time to grab a book from the shelf, kick back, and immerse yourself in new ideas. Take advantage of the opportunity to learn new personal finance skills from experts and commentators in a wide range of fields! Put down that weather-beaten Thomas Harris paperback you’ve thumbed through a hundred times before, and check out our personal finance reading list for some exceptional, educational and not at all excruciating personal-finance advice available on bookstore (and e-reader!) shelves right this moment. We at the blog realize that there are quite a few quick-fix-type, nine step program solutions offered by many a personal finance author: in the interest of shying away from such logic, we’ve compiled books that are more theoretical in scope.
Levitt and Dubner, the Steven/Stephen team of authors behindÂ Freakonomics,Â published their first work in 2005. It gained renown for melding the world of economic theory with compelling examples and analogies drawn from popular culture and society at large: since then, their website has published thousands of essays that offer an insightful and offbeat look at the ways, in the words of Cabaret‘s Emcee, in whichÂ money makes the world go ’round.Â When to Rob a Bank…Â collects a “greatest hits” of these essays. Questions about economics in the everyday world that you probably never would have thought about before are answered with wit, precision and relatable language.
âThinking, Fast and Slowâ (April 2013) Â -Â ByÂ Daniel Kahneman
In the post history of this very blog, we’ve explored the idea that there are distinct personality-driven differences in approach when it comes to solving your debt and creating financial stability. Some people take an analytically-centred approach, while others are driven by their emotional impulses. In his book, Daniel Kahneman explores the roots of seemingly irrational decision-making (such as impulsive spending) and explores these two “personalities” in dizzying depth, seeking to understand the methods by which we make decisions both good and harmful. Kahneman unpacks theÂ sources of biases, assumptions and the complex psychologies of contentment and rationalization. This is aÂ book that, while not explicitly about money, will get you started thinking about your financial decisions in a whole new light.
âWealthing Like Rabbitsâ (August 2014) Â -Â ByÂ Robert R. Brown
The millennial generation is widely cited as being one of the most critical audience sectors for financial education and advice on sound management of debt. Robert Brown’s book unpacks key financial concepts ranging from retirement savings and mortgages to credit cards and debt – all thoroughly ingrained in an amusing, common-sense-forward, tongue in cheek narrative style with plenty of pop-cultural savvy. The book is aimed rather squarely at young adults, graduates and others for whom accessibility and ease of understanding are prioritized over more involved dollars and cents number-crunching.