4 Books You Should Read to Build Wealth and Financial Security

  • Rebell, who has previously held various journalistic positions, specializes in personal finance topics.
  • One of her top picks is “Smart Women Finish Rich,” which was written by her longtime colleague David Bach.
  • Rebell recommends securities for novice investors through to seasoned savers.

Before Bobbi Rebell was a personal finance expert and host of Financial advice for financial adults podcast, she got her start as an intern for Maria Bartiromo, the first television journalist to report live from the floor of the New York Stock Exchange.

“I’ve always been fascinated by money — but from a personal finance perspective — so I took the leap into financial journalism,” Rebell told Insider.

At one point, Bobbi even worked as an unpaid overnight producer. She eventually worked for CNN and CNBC, but it was while working as a television business news anchor for Reuters that she was able to pursue her interest in personal finance.

“I found that all the financial news coverage focused on the economy and the stock market, but I knew there was a place for personal finance,” Rebell says. “I was offered the opportunity to write a column on personal finance and it really touched readers.”

It was the insight she received while writing this column that led her to write his first book in 2016, “How to Be a Financial Adult: Proven Advice from High Achievers on How to Live Your Dreams and Have Financial Freedom.” It was the success of her book that prompted her to leave Reuters and expand her personal finance advice into other avenues of financial education content.

“I realized that most people really needed an introduction on how to start managing money and making really important decisions like real estate, investing and debt management” , says Rebell.

“To be honest, most people shouldn’t trade stocks, but focus on their personal financial goals and how best to achieve them,” says Rebell. “People hear about investing all the time and just when it comes to stocks, sit down and read about the different approaches to investing and decide what works for you based on your financial situation.”

Here are his four favorite personal finance books that will help you become a smarter investor.

“Smart women end up rich” by David Bach

In “Smart Women Finish Rich,” David Bach writes about money management and investing with the goal of making women better investors and improving their finances. It highlights how important it is for women to take control of their financial future and outlines 7 strategies women should use to start investing and achieve financial security.

“It really breaks down complicated financial concepts and makes them easy to understand,” Rebell said of the book. “It gives you sound financial advice that you can apply immediately to set yourself up for financial success.”

“How to Make Money: Your Ultimate Visual Guide to the Basics of Finance” by Jean Chatzky and Kathryn Tuggle

By laying out the concept of “How to Make Money”, Chatzky and Tuggle guide the reader through what is known as the “money cycle” – earning it, managing it, using it and looking forward. coming.

The book provides practical advice, exercises and definitions to increase the reader’s knowledge of money so that the reader feels more comfortable with managing their finances. Aimed at young beginners, it also covers budgeting, banking, credit cards, and student loans.

“I really like this book because anyone can pick it up and start doing better with their money,” Rebell says. “People think it’s hard to take care of their money – it’s not – but this book actually walks the reader through the steps to make it easier.”

“Be Good With Money: Ten Simple Steps to Become Financially Whole” by Tiffany Aliche

In “Get Good with Money,” Tiffany Aliche (aka The Budgetnista) outlines a 10-step plan for finding a “peaceful” way to manage your money and explains the concept of building wealth through financial integrity: an alternative to get rich quickly or complicated money management systems.

She explains how short-term actions can lead to long-term financial success. The book gives detailed action steps for saving and investing, calculating expenses, improving credit reports and financial security until retirement.

“It’s just a great book. It helps you understand the basics of money management,” says Rebell. “There are certain financial basics that we all need to be good at before we even start thinking about investing and this book really helps with that.”

“Cash Out: Win the Wealth Game by Walking Away” by Julian and Kiersten Saunders

“Cashing Out” explains that the corporate roadmap may not prepare you for financial freedom. Julian and Kiersten Saunders discuss how to break free from corporate America and how to set up your finances so you live your life and spend your time as you please.

The Husband and Wife Team say they wrote this book because many personal finance books fail to take into account how black Americans live, work, and manage their money. They deal with spending, saving, and investing, but from the perspective of the black American experience.

“Again, this is a book that gives you practical advice on getting your financial situation in order,” says Rebell. “The fact that the goal is to have you ready to retire in 15 years and have a solid financial foundation, whether or not you work for an American company, is a good thing.”

Sarah J. Greer