Financial Management is one of the key factors for success and if you want to be successful then you will have to be very good at financial management.
Books have always been a great way to learn things and we have picked our 10 best financial management books that can give you a good understanding of financial management. Let’s get started.
1) The Richest Man in Babylon by George Samuel Clason
The Richest Man in Babylon was published in 1926 and it is still one of the best financial management books in the world. It is written by George Samuel Clason who beautifully explained financial management with the collection of parables set in ancient Babylon.
The Babylonians discovered the basic principles of financial management such as investing it wisely, learning how to protect wealth, how to lend money instead of borrowing.
In the book you will learn these lessons: Live below your mean, Learn how to be lucky, and Never take on Debt.
If you are looking for a great financial management book then The Richest Man in Babylon is for you.
Warren Buffet is regarded as the world’s greatest investor and in this book, you will read his letter to Berkshire Hathaway shareholders. The book is written in plain English so there will be no complex financial terms.
In this book, you will find topics like corporate governance, corporate finance and investing, Common stock, accounting, and valuation, etc.
The best thing is that all of these topics are explained by Warren Buffet himself and it is a great book for those who want to learn financial management from Warren Buffet.
3) The Meaningful Money Handbook by Pete Matthew
Pete Matthew is regarded as one of the best personal finance experts in the world. In this book, you will get everything you need to know and do to build a secure financial future.
In the book, Pete has focused on three main steps: Spend less than you earn and clear debt, Insure against disaster and build up savings and invest wisely. You will also learn some other techniques for financial management and how to get rid of debt.
Pete Matthew explained all these steps in plain English and this book is a practical guide on how you can work your way to future financial freedom.
4) Financial Management by Eugene F. Brigham and Michael C. Ehrhardt
Financial Management is the perfect book for those who want a balance between theory and practical knowledge of financial management.
Eugene F. Brigham and Michael C. Ehrhardt are renowned financial writers and in this book, they have explained the important concepts of finance in a beautiful way.
The book is divided into multiple sections, the book starts with the presentations of the fundamentals of corporate finance which help you to understand corporate finance in a good way and then the authors move to the other financial techniques.
The authors have also explained the latest financial issues and economic crises with full references for better understanding. If you want a good financial management book then you will like this book.
5) The Basics of Public Budgeting and Financial Management by Charles E. Menifield
The Basics of Public Budgeting and Financial Management is a great book for those who want to understand the different aspects of the budgeting process and financial management of the state government.
In this book, the author has explained the budgeting process step by step. The author has also explained the different technical concepts and skills which are important for the budgeting process and there are practical exercises provided to apply these concepts.
If you are looking for a top financial management book then this book is for you.
6) The Economist Guide to Financial Management by The Economist and John Tennent
Financial Management is a tricky process and this book will help you to make logical decisions by helping you understand the different aspects of financial management. John Tennent is a well-known financial expert and he has been in this business for more than 20 years.
In this book, the author explained the different concepts of financial management like assembling a budget, reading variances on a report and consulting a proposal, etc. in a very good way.
The book has multiple chapters and each chapter will provide you with a sound understanding of various principles of financial management.
7) When Genius Failed by Roger Lowenstein
This book explains the very famous Wall Street Trader John Meriwether who was one of the most brilliant brains in the industry. In this book, you will learn about a company that made more than $100 billion but still, it failed and suffered a terrible disaster.
This book is an excellent read for finance students as it provides sufficient background that gave rise to the scenario. If you are into financial management or hedge funds then this book is for you.
8) The Little Book of Behavioral Investing by James Montier
James Montier is regarded as one of the top-rated strategists for more than one decade and he is also the Co-Head of Global Strategy at Society General.
He has vast experience in dealing with the financial market and in this book, he explained how to take long-term investment decisions and now to make any mistakes.
The author also explained the three major factors which can lead to financial loss for investors on his investments. In this book, you will also learn about behavioral finance.
If you are looking for the best financial management book for investors then this book is for you.
9) The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey
Dave Ramsey is a successful businessman and author and in this book, he has explained different techniques to achieve total financial fitness. This book is one of the best financial management books in the market and it is also the New York Times bestseller.
In the book, Dave Ramsey debunks many financial myths and gives a practical approach to achieve financial health. “The Total Money Makeover” isn’t just theory, in fact, it is a practical approach that works every single time.
If you want a good financial management book to achieve total financial health then this book is for you.
10) The Behavior Gap by Carl Richards
Carl Richards is a renowned author and in this book, he focuses on Behavior. Behavior plays an important role to achieve financial success and in this book, you will learn how your decisions could be sabotaging your financial success.
This book is a perfect combination of practical advice and emotional encouragement. In the book, the author provided simple yet effective methods to take charge of your personal finances. This book will help you to achieve financial stability in an unstable world.