When it comes to personal finance, there's no shortage of self-proclaimed gurus offering advice. Some have their own cable shows. Some write regular columns and articles online or in print. And some write books. If you go to Amazon (Stock Quote: AMZN) you’ll find hundreds of books offering advice on how to get your financial affairs in order. Here are the top 10 bestselling strictly personal finance books on Amazon and what you need to know about each.
1. The Ultimate Depression Survival Guide: Protect Your Savings, Boost Your Income, and Grow Wealthy Even in the Worst of Times by Martin D. Weiss. This book was just released and features current advice about how to weather this treacherous economic environment. Topics covered including investing, using credit and navigating the mortgage market. The author derives lessons from the Great Depression and offers contemporary insights.
2. Bank on Yourself: The Life-Changing Secret to Growing and Protecting Your Financial Future by Pamela Yellen. Just released this year, this book provides a method for growing a solid nest-egg making a plan to meet both short-term and long-term goals. Yellen’s method helps investors execute their plans despite market downturns.
3. The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey. Originally published in 2003, the second edition of this book came out in 2007 and has been a bestseller throughout. This book provides straightforward advice on how to live debt free and “Pay cash.”
4. Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Revised and Updated for the 21st Century by Vicki Robin & Joe Dominguez with Monique Tilford. This book extorts the merits of getting out of debt, saving and building a life that is fulfilling both financially and holistically.
5. I Will Teach You To Be Rich by Ramit Sethi. Out new this year, this book is directed at 20- to 35-year-olds and features a six-week personal finance plan that includes advice on banking, saving, budgeting, and investing. (And be sure to check out MainStreet's interview with Ramit Sethi.)
6. The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham with updates from Jason Zweig and Warren Buffet. An original conception of this book was published in 1946, but this revised edition was published in 2003. This book features no-nonsense advice on how to manage a long-term investment portfolio and minimize losses.
7. Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki with Sharon L. Lechter. This much hailed and oft criticized book was originally published in 1997 and has sold over 28 million copies worldwide, according to the book’s web site. It primarily provides anecdotal strategies about how to become rich.
8. Crash Proof: How to Profit From the Coming Economic Collapse by Peter D. Schiff with John Downes. Published in 2007, this book explains how investors can protect themselves during an economic crisis.
9. The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History by Harry S. Dent. Out new this year, this book predicts a coming major depression and offers some advice on how to allocate assets to weather it and potentially profit in the long run.
10. Jim Cramer's Real Money: Sane Investing in an Insane World by Jim Cramer. This always energetic CNBC host and cofounder of TheStreet.com offers insights for the every man on how to achieve success in investment through diversification and speculation. The book advocates putting in the time to research stock holdings.
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