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You Need These Top 13 Finance Books To Change Your Life

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Where are you in your financial journey? Maybe you’ve just landed your first job or your company has offered a 401(k). Whatever your journey is, there are tons of books that can help make it easier. Here are some of the best personal finance books of 2018 that can change your financial life.

The Total Money Makeover – Dave Ramsey

If being debt-free is your goal, it’s hard to go wrong with Dave Ramsey’s The Total Money Makeover. His tried-and-true approach is touted for its simplicity and effectiveness, and his brutally honest style doesn’t sugarcoat anything.

Not only can this book help you work your way out of debt, but it also gives you skills for avoiding it in the future. Ultimately, if you are struggling with debt and can only choose one book, this should be the one.

Your Money or Your Life – Vicki Robin and Others

Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence extols the benefits of frugal living, and not just from a financial perspective. It also shows how, by budgeting and saving, you can lead a happier life by having access to more choices.

The book focuses on learning to live within your means while planning for the future. Many people consider it a personal finance must-have. Just make sure you look for the most recent release (currently a 2018 update), as there have been multiple versions of this book over the years.

Personal Finance for Dummies – Eric Tyson

If you don’t know the basics of personal finance, starting with Personal Finance for Dummies is a smart move. Terms are clearly explained throughout, and the concepts are simplified to assist with learning. Plus, a broad selection of categories is covered, making it great for those who need a solid foundation.

The Index Card – Helaine Olen and Harold Pollack

The Index Card: Why Personal Finance Doesn’t Have to Be Complicated, is another book that focuses on the essentials. The tips are highly actionable, giving you clear direction for improving your financial life.

Additionally, the book avoids being long-winded so that you can derive value from it quickly. Plus, its very easy to digest, making it great for personal finance beginners and beyond.

The Automatic Millionaire – David Bach

For those who appreciate simplicity, The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich is actually a one-step plan to help you achieve success. While it almost seems too good to be true, it includes success stories focusing on individuals with modest incomes. Plus, it avoids headache-inducing steps like hardcore budgeting. Even better, you can get started without a six-figure income.

While the original version came out in 2004, it has since been updated. Just make sure to find a recent edition if you want the most valuable information.

Rich Dad Poor Dad – Robert Kiyosaki

Part memoir, part money guide, Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! was updated in 2017. The book includes money management tips for adults. It also offers information on helping your kids thrive financially.

Even if you don’t have a substantial income today, or are living paycheck to paycheck, this book can help you start on the path toward wealth.

You Are a Badass at Making Money – Jen Sincero

You Are a Badass at Making Money: Master the Mindset of Wealth is an exceptional book for learning how to evaluate your habits, such as things that may be hindering your financial success. It is filled with anecdotes and easy to understand concepts. It’s a candid and even humorous read that is chocked full of wisdom and insight.

Why Didn’t They Teach Me This in School? – Cary Siegel

A great book for teens and young adults, Why Didn’t They Teach Me This in School: 99 Personal Money Management Principles to Live By covers information that many kids don’t receive while they are growing up. The content is easy to digest and focuses on learning to manage money, ensuring it doesn’t control your life.

The Behavior Gap – Carl Richards

The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money, makes it easy to understand why so many people make mistakes with money. It shows how bad habits can develop, and helps the reader step away from the trappings that may have them stuck. Plus, it makes adopting a healthier mindset about money easier, which is something that can serve the reader for years to come.

The Millionaire Next Door – Thomas J. Stanley and William D. Danko

When most people picture millionaires, they imagine a glamorous lifestyle. However, the reality is actually quite different in many cases.

In The Millionaire Next Door: The Surprising Secrets of America’s Wealthy, you learn about the habits that helped people cross into millionaire territory and achieve financial freedom. Most of their techniques can apply to any person’s life, making this a great personal finance book for any collection.

All the Money in the World – Laura Vanderkam

All the Money in the World: What the Happiest People Know About Wealth, takes on the personal finance topic a bit differently. Instead of stressing pure frugality, the book discusses how to get the most personal value from your money by spending in alignment with your priorities.

Admittedly, it shouldn’t be the first book on most people’s list, especially those who are battling significant debt loads or lack any savings. But, if you have the basics in order, it’s certainly worth reading.

The Little Book of Common Sense Investing – John C. Bogle

Another option for those who have the personal finance basics down, The Little Book of Common Sense Investing explains why index funds are such valuable options. Plus, the information is very easy to understand, making it a great choice for those who are new to investing and want it to feel more accessible.

Money A to Z – Scott Alan Turner

Money A to Z is actually a children’s book. It uses the alphabet to teach kids about personal finance concepts, giving them a solid foundation in their earlier years.

Anyone with a young child should consider picking it up. After all, it’s never too early to start teaching your children good money habits.

What have been your best personal finance books of 2018? Tell us about it in the comments below.

Looking for more great articles? Here are a few to get you started:

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    • Where Are the Best-Priced Condoms? Amazon, Not Costco!
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If you enjoy reading our blog posts and would like to try your hand at blogging, we have good news for you; you can do exactly that on Saving Advice. Just click here to get started.

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China basic pension fund posts 0.33% investment gain in 2022

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© Reuters. A view of the city skyline, ahead of the annual National People’s Congress (NPC), in Shanghai, China February 24, 2022. REUTERS/Aly Song/File Photo

SHANGHAI (Reuters) – The basic pension fund managed by China’s social security fund gained 5.1 billion yuan, or 0.33% in 2022, down from a 4.9% gain in 2021, the National Council for Social Security Fund said on Saturday.

The shrink in yield was mainly impacted by deep changes in global economic and political situations and increasing fluctuations in the financial markets, the state investor said in a statement.

China’s stock benchmark CSI 300 lost 21.6% in 2022 and so far this year is down 7.4%.

The basic pension fund manages a total 1.62 trillion yuan by the end of 2022, and has posed an annual average gain of 5.4% since the end of 2016, when the national social security fund started to manage the pension’s investment.

Separately, the national social security fund reported a 5.07%, or 138 billion yuan loss for the year of 2022, it said in a report in September.

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China Robotics Companies Gain as Govt Signals Industry Support

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By Jiahui Huang

Shares of Chinese robotics companies rose sharply after officials released guidance on developing the humanoid robots industry, a move analysts say likely signals supportive policies to come.


More than a dozen companies in the sector gained in early trading on mainland bourses Friday.




Guangzhou Haozhi Industrial and Ningbo Zhongda Leader Intelligent Transmission rose by their daily limits, adding 20% and 10%, respectively. Reduction gear company Shanghai Anlogic Infotech jumped 4.3%, while Zhejiang Shuanghuan Driveline advanced 4.0% and motor company Kinco Automation (Shanghai) added 12%. Encoder producer Shenzhen Inovance Technology put on 4.2%.


The gains came after China’s Ministry of Industry and Information Technology on Thursday released a guidance including three- and five-year strategic plans for developing humanoid robots. The ministry said one of the goals of the guidance is to “cultivate” two to three companies to emerge as global industry leaders by 2025, and have other small and medium-sized companies develop specializations in the field.


It also called for the establishment of a reliable supply chain by 2027.


“Humanoid robots could become another product of disruptive innovation after computers, smartphones, and new energy vehicles,” the document states.


Few Chinese companies currently produce humanoid robots, but a host of others make key parts including motors, sensors, reduction gears and encoders.


Citic Securities analysts led by Ruipeng Li and Haibo Liu said in a research note that the government’s guidance signal supportive policies to come.


“We think the guidance further refines the specific content and timeline on developing humanoid robot industry, which provides a direction for future industrial policy support, and will effectively stimulate and support China’s humanoid robot industry,” they wrote.


The analysts like Harbin Boshi Automation, Xiaomi and XPeng in particular, saying the companies have the capacity to develop humanoid robots and benefit from the government’s goal of having local companies achieve global success in the field.


Orient Securities analyst Zhen Yang wrote in a note that he is optimistic about the sector’s development, seeing “accelerating opportunities of localizing the production of core components and high-end equipment.”


Huafu Securities analysts Wei Deng and Baolai You viewed the government’s guidance as “a new high ground for technology competition,” with the highly detailed measures likely to boost supply-chain development, they wrote in a research note.


Write to Jiahui Huang at [email protected]






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US stocks close higher as Treasury yields fall after weak jobs data
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© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. REUTERS/Brendan McDermid/File Photo





By Sinéad Carew and Amruta Khandekar


(Reuters) – Wall Street’s main stock indexes rallied on Friday as bond yields fell sharply after data showed signs of slowing U.S. jobs growth and an uptick in unemployment, boosting hopes that the Federal Reserve is done with its interest rate hiking campaign.


The Labor Department’s report showed nonfarm payrolls increased by 150,000 jobs in October, much less than the expected 180,000 increase, partly due to strikes at Detroit’s Big Three automakers.


Data for the last month was revised lower to show an increase of 297,000 instead of 336,000. The unemployment rate edged up to 3.9%.


“From a policy perspective this gives confidence the Fed remains on hold for the foreseeable future and only really hikes again if growth or inflation accelerate from here,” said Matt Palazzolo, senior investment strategist at Bernstein Private Wealth Management.


But what Palazzolo expects to happen is a steady deceleration in labor market gains and economic activity for the next six to nine months and, provided that happens it “should allow for the Fed to stay on hold at current levels,” he said. 


The  rose 222.24 points, or 0.66%, to 34,061.32, the  gained 40.56 points, or 0.94%, to 4,358.34 and the  added 184.09 points, or 1.38%, to 13,478.28. 


For the week, the S&P 500 gained 5.9%, for its biggest gain since November 2022 and Nasdaq added 6.6%, also showing its biggest gain since Nov. 2022. The Dow showed a weekly gain of 5.1%, its biggest since late October 2022. 


The jobs data also helped push U.S. Treasury yields lower for the fourth consecutive session. During the session the benchmark  hit its lowest level in over five weeks. The move in yields supported stocks.


“Falling interest rates is probably the top catalyst this week,” said Tony Welch, CIO of SignatureFD, Atlanta Georgia, adding the jobs report supported this trend.


The small-cap  index outperformed large-cap indexes on Friday, closing up 2.7% after touched its highest level since Oct. 17. It boasted a weekly gain of 7.6%, which was its biggest since February 2021.


SignatureFD’s Welch noted that the prospect of stalling rate hikes was particularly good news for smaller companies, which depend heavily on borrowing.


The tech-heavy Nasdaq boasted its sixth straight day in the green while the S&P 500 and the Dow showed their fifth consecutive sessions of gains.


Most of the 11 major S&P 500 sectors advanced, led by rate-sensitive real estate, which finished up 2.4%, after hitting its highest since late September.


Of the 11 only the energy sector fell, ending down more than 1% on the day as oil prices fell. 


Welch also noted that solid earnings reports were helping stocks during the week as companies expanded profit margins. 


Analysts expect earnings growth of 5.7% for S&P 500 companies in the third quarter, with over 81% of the 403 companies in the benchmark index that have reported profits so far having beaten estimates, per LSEG data.


However, Apple (NASDAQ:) fell 0.5% on the day after its sales forecast for the holiday quarter was short of expectations.


Among major movers, Block jumped 10.7% after raising its annual adjusted profit forecast.  Fortinet  (NASDAQ:) dropped 12.4% after a downbeat fourth-quarter revenue forecast.


During the session, the CBOE volatility index touched a fresh six-week low, reflecting easing investor anxiety.


Advancing issues outnumbered declining ones on the NYSE by a 5.55-to-1 ratio; on Nasdaq, a 3.56-to-1 ratio favored advancers.


The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 53 new highs and 77 new lows. 


On U.S. exchanges 12.05 billion shares changed hands compared with the 10.86 billion average for the last 20 sessions. 




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