Inside Out Money 116. Our favorite financial books and podcasts, with a few surprising gems!
Jun 23, 2025
Dive into a treasure trove of financial wisdom as hosts uncover their favorite books and podcasts that transform financial thinking. From the practical guidance of 'The Simple Path to Wealth' to the enlightening insights of Morgan Housel's work, discover gems that challenge conventional wisdom. Enjoy light-hearted discussions about diverse financial resources and the humor found in the journey of creating collaborative projects. With actionable advice and surprising recommendations, this is a journey through the world of accessible financial literacy.
01:08:42
'Simple Path to Wealth' Gifting Tradition
- Andrew gifts 'The Simple Path to Wealth' as a wedding present along with a check.
- He keeps multiple copies at home to share them immediately when needed.
Podcasts Summarize Books Effectively
- Podcasts can effectively summarize books, providing key ideas quickly.
- Listeners can learn a lot without committing to full book reading.
Personal Finance Books Reflect Experience
- Financial books resonate differently based on your situation and perspective.
- Personal stories in books help readers relate and apply financial lessons.
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Intro
00:00 • 5min
Exploring 'The Simple Path to Wealth': A Family-Oriented Financial Guide
05:01 • 4min
Exploring Financial Literacy Through Favorite Reads
08:43 • 26min
Beyond Finance: Books That Shape Money Mindsets
34:24 • 4min
Financial Podcasts Unplugged
38:29 • 23min
Navigating Financial Literature
01:01:33 • 5min
The Humor and Hurdles of Collaborative Writing
01:06:06 • 2min
The Simple Path to Wealth
The Simple Path to Wealth
Your Roadmap to Financial Independence and a Rich Free Life
J L Collins
J.L. Collins' "The Simple Path to Wealth" provides a straightforward, easy-to-understand guide to achieving financial independence. The book emphasizes saving a significant portion of income, avoiding debt, and investing in low-cost index funds. It encourages readers to focus on long-term growth and avoid the complexities of market timing or active trading. The book's simple yet effective principles have resonated with millions of readers, making it a highly popular resource for those seeking financial freedom. It's a timeless guide that empowers readers to take control of their financial future.
I can teach you to be rich
I can teach you to be rich
None
Ramit Sethi
The Art of Spending Money
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Morgan Housel
Morgan Housel's "The Art of Spending Money" delves into the psychology of financial decisions, exploring how our emotions and biases influence our spending habits. The book challenges conventional wisdom about saving and investing, emphasizing the importance of aligning our financial goals with our values and life experiences. Housel uses compelling narratives and real-world examples to illustrate the complexities of money management, offering practical insights for readers of all financial backgrounds. The book encourages readers to develop a more mindful and intentional approach to spending, helping them make choices that enhance their overall well-being. Ultimately, it aims to empower readers to make informed financial decisions that lead to a more fulfilling life.
Meet the Frugalwoods
Meet the Frugalwoods
Liz Willard Thames
Your money or your life
Joseph R. Dominguez
Joe Dominguez
Vicki Robin
This book offers a holistic approach to personal finance, encouraging readers to view money as a form of 'life energy' and to align their spending with their values. It provides nine steps to help readers stop living paycheck to paycheck, get out of debt, and achieve financial independence. Key concepts include calculating net worth, evaluating the life energy spent on work, and investing wisely. The authors emphasize the importance of finding one's 'point of enough' and living a more deliberate, meaningful life[1][3][5].
The Little Book of Common Sense Investing
John Bogle
You Are a Badass at Making Money
Master the Mindset of Wealth
Jen Sincero
In 'You Are a Badass at Making Money,' Jen Sincero shares her personal journey from financial struggles to wealth, emphasizing the importance of mindset in achieving financial success. The book helps readers identify and overcome negative beliefs about money, take risks, and adopt a positive relationship with wealth. Sincero combines humorous personal essays with practical advice and actionable steps, including the use of affirmations and specific goal-setting. The book encourages readers to stop making excuses, face their fears, and tap into their natural ability to grow rich[1][3][5].
Invested
How Warren Buffett and Charlie Munger Taught Me to Master My Mind, My Emotions, and My Money (with a little help from my Dad)
Danielle Town
Phil Town
In 'Invested', Danielle Town shares her yearlong journey of learning to invest from her father, Phil Town. Initially reluctant about the financial world, Danielle turned to her father to learn how to invest in companies that align with her values using the same strategies that have made Warren Buffett and Charlie Munger successful. The book is structured around a 12-month plan, with each chapter focusing on a different aspect of value investing, such as dissecting company financial statements and researching leadership. It aims to make the complex world of investing simple, straightforward, and approachable, helping readers formulate their own investment plans and build confidence in their financial decisions.
Playing with fire
Theo Fleury
In 'Playing with Fire,' Theo Fleury candidly shares his life story, including his rise to fame in the NHL, his battles with alcoholism, drug abuse, and gambling, and the sexual abuse he suffered as a youth at the hands of his former coach Graham James. The book chronicles his remarkable hockey career, his personal struggles, and his eventual comeback attempt with the Calgary Flames at the age of 41. It also includes new stories about his life as an author and his continued advocacy work[1][2][4].
Work Optional
Tanya Hester
Work Optional explores the trade-offs between work and leisure, offering insights into personal finance and lifestyle design.
Die with Zero
Bill Perkins
Die with Zero presents a provocative philosophy and practical guide on how to get the most out of your money and your life. Bill Perkins argues against over-saving and under-living, advocating for investing in experiences early and maximizing positive life experiences. The book introduces concepts like 'time-bucketing,' 'net worth curve,' and 'fulfillment curve' to help readers optimize their life stages and make the most of their resources. Drawing from his own life experiences and insights from psychological science and behavioral finance, Perkins makes a compelling case for living large and accumulating memorable experiences rather than wealth.
The Algebra of Wealth
A Simple Formula for Financial Security
Scott Galloway
In 'The Algebra of Wealth,' Scott Galloway provides a comprehensive framework for achieving financial security. The book is divided into four main themes: Stoicism, Focus, Time, and Diversification. Galloway advises readers to follow their talent rather than their passion, optimize big economic waves, and use stoicism to develop better financial habits. He also emphasizes the importance of compounding interest, diversification, and tax planning. The book is written in Galloway's characteristic straightforward style and includes practical advice on building character, relationships, and a successful career[2][4][5].
Finance for the People
Getting a Grip on Your Finances
Paco de Leon
Finance for the People by Paco de Leon is a unique approach to personal finance that focuses on examining and changing your beliefs and experiences around money. Unlike most personal finance books, it combines practical exercises with mindfulness and includes over 50 illustrations and diagrams to make financial concepts accessible and fun. The book helps readers root out unconscious beliefs about money, untangle the mental and emotional burden of student loans, use gratitude practices to alter spending habits, and break out of the debt cycle to begin building wealth. It is designed for anyone who feels unseen or ignored by traditional personal finance advice and is ready for a journey of self-discovery to step into their financial power.
The automatic millionaire
A Powerful One-Step Plan to Live and Finish Rich
David Bach
The Automatic Millionaire by David Bach shares the secret to becoming financially secure by automating savings and debt payments. The book tells the story of an average American couple who, despite a modest income, manage to own two homes debt-free, send their children to college, and retire with over $1 million in savings. Bach's approach stresses the importance of automating financial plans, eliminating high-interest debt, and living frugally while still enjoying life. Key concepts include the 'Latte Factor,' which highlights how small daily expenses can add up, and the necessity of aligning spending with personal values.
Rich Dad Poor Dad
What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not
C.P.A. Sharon L. Lechter
Robert Kiyosaki
The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].
The Psychology of Money
Timeless Lessons on Wealth, Greed, and Happiness
Morgan Housel
In 'The Psychology of Money,' Morgan Housel delves into the psychological and emotional aspects of financial decisions. The book consists of 19 short stories that illustrate how personal history, worldview, emotions, and biases influence financial outcomes. Housel emphasizes the importance of behavior over knowledge in managing money, highlighting the power of compounding, the dangers of greed, and the pursuit of happiness beyond mere wealth accumulation. He advocates for a frugal lifestyle, long-term perspective, and a balanced approach to investing, stressing that financial success is more about mindset and discipline than about technical financial knowledge[2][3][4].
Art of Happiness
George K. Strodach
Epicurus
Daniel Klein
Lynchpin
Russell Brunson
The sheer volume of free and high-quality financial content accessible to us is truly impressive, yet it can also be incredibly overwhelming. That's why we're sharing our absolute favorites with you in this episode, cutting through the noise to bring you the books and podcasts that have genuinely transformed our financial thinking. Discover why classics like The Simple Path to Wealth are perennial favorites, unpack the genius of Morgan Housel's The Psychology of Money, and explore unique perspectives that challenge conventional wisdom. We also delve into the audio landscape, revealing our go-to podcasts that keep us informed, motivated, and even entertained on our financial journeys. Prepare to fill your intellectual toolkit with actionable insights, a good laugh, and perhaps a few surprising anti-recommendations too.
Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/116-our-favorite-financial-books-and-podcasts-with-a-few-surprising-gems/