With the experience of being a futures broker and building a stock, futures, and options trading firm, I have a pretty good sense of books that are helpful for everyday people with a conflicted mindset about money, wealth, and meaning.
In fact, it was my experience with the mindset issue of the traders in my firm that became the foundation of my book, “A Private Conversation with Money” (an audio version has just been released by Amazon and Audible to join the paperback and hardcover copies). My conversation with some of the following authors refined the concepts in my book.
Other than my own book (of course), here are my current favorite books on the psychology of money and our relationship with wealth and success. If you want to nominate one that isn’t on this list, let me know in the comments!
Total Money Makeover – David Ramsey
David in the Total Money Makeover book and on his radio show celebrates positive financial behavior. He gives everyone a format and structure to change their money mindset, and their spending and saving behaviors. In financial trouble because of spending problems? This is the book for you.
The Psychology of Money – Morgan Housel
How do you think about money? It drives your beliefs, behaviors, and money habits. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money, and teaches you how to make better sense of one of life’s most important topics.
The Soul of Money: Transforming Your Relationship with Money and Life – Lynne Twist
Lynne Twist asks us to discover our relationship with money, understand how we use it, and by assessing our core human values, align our relationship with it to our desired goals. In doing so, we can transform our lives.
The Old Money Book: How To Live Better While Spending Less: Secrets of America’s Upper Class – Byron Tully
It is a challenge to step into a new world of expanding money and financial behaviors without a blueprint. What if the blueprint was already written and practiced – by those who have generations of money experience? This gives your brain specific visuals that make it easier to create a new wealth mindset and relationship with money.
Inside the Investor’s Brain: The Power of Mind Over Money – Richard Peterson
Want a view of our relationship with money from a psychiatrist who also has run a hedge fund? Dr. Peterson’s book details how our brain biases impact our financial decisions.