3 Personal Finance Books That May Change Your Perspective on Money Management [Blog Post]

Following is an excerpt from the most recent Baltimore Gay Life Personal Finance column by Amanda Wooddell Wilhelm, a Manager at SC&H Group.

“Read the best books first, or you may not have a chance to read them at all.”

–Henry David Thoreau

Reading is one of my favorite pastimes. Though, as Thoreau mentions in this quote, it is impossible to read every book. But it is possible to read a few that provide insight on personal financial planning, which can truly change your perspective on money management.

After polling my SC&H Group colleagues, they provided me with several of their favorite personal finance readings. These books offer high-level insights into the power behind effective personal financial planning, and provide viable strategies to assist one in achieving personal financial freedom.

A few of our recommendations include:

  • The Millionaire Next Door’ by Thomas J. Stanley. This book provides insight into the habits and characteristics of wealthy people. It reveals that most wealth is not accumulated by high incomes but rather by spending and saving decisions made throughout one’s lifetime.
  • ‘The Money Game’ by Adam Smith.  Although this book was written in the 1960’s, it offers an excellent historical perspective on the markets and investor psychology.  The author, a non-industry observer, writes in a humorous tone throughout, but also makes numerous key points about the myths of Wall Street.
  • ‘Simple Wealth, Inevitable Wealth’ by Nick Murray.  A must-read for anyone interested in gaining perspective on the importance of long-term investment planning.

To learn more about the books that can potentially change your perspective on personal finance planning, please read Amanda’s full article in September issue of Baltimore Gay Life (Page 21) here. If you have any questions about this content, we welcome you to contact Amanda here.