100 books like Whatever Happened to Thrift? Why Americans Don't Save and What to Do about It

By Ronald T. Wilcox,

Here are 100 books that Whatever Happened to Thrift? Why Americans Don't Save and What to Do about It fans have personally recommended if you like Whatever Happened to Thrift? Why Americans Don't Save and What to Do about It. Shepherd is a community of 10,000+ authors and super readers sharing their favorite books with the world.

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Book cover of The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns

Victor Haghani Author Of The Missing Billionaires: A Guide to Better Financial Decisions

From my list on intelligent financial decision-making in less than 200 pages.

Who am I?

I have over four decades of experience working and innovating in the financial markets and have been a prolific contributor to academic and practitioner finance literature. I started my career at Salomon Brothers in 1984, where I became a managing director in the bond-arbitrage group, and in 1993 I was a co-founding partner of the hedge fund Long-Term Capital Management. I founded Elm Wealth in 2011 to help clients, including my own family, manage and preserve their wealth with a thoughtful, research-based, and cost-effective approach that covers not just investment management but also broader decisions about wealth and finances.

Victor's book list on intelligent financial decision-making in less than 200 pages

Victor Haghani Why did Victor love this book?

I loved how this “Little Book" gets right to the point and explains why every investor should include low-cost index ETFs in their portfolios. This is a great guide for beginners and old hands alike. It is a book devoted to simplicity.

I loved Bogle’s “Cost Matters Hypothesis” which is simpler and more relevant than the also important “Efficient Markets Hypothesis” that is taught in Finance 101 classes. 

I felt this book empowered me to take control of my financial life. It’s a book I always recommend to people who are looking to improve their financial lives. I learned a lot from Vanguard founder John Bogle's 80+ years of experience and wisdom. Invest just 60 minutes in this book and reap a lifetime of informed, confident investing decisions.

By John C. Bogle,

Why should I read it?

6 authors picked The Little Book of Common Sense Investing as one of their favorite books, and they share why you should read it.

What is this book about?

The best-selling index investing "bible" offers new information and is updated to reflect the latest market data The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund veteran John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks the S&P 500 Stock Index. Such an index portfolio is the only investment that guarantees your fair share of…

Book cover of Winning the Loser's Game: Timeless Strategies for Successful Investing

Stephen R. Foerster Author Of In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest

From my list on developing your investment philosophy.

Who am I?

I’ve been interested in investing for over four decades since I started as a finance PhD student at Wharton. Since then my research has focused on understanding the stock market. Early on, I tried applying my research to my investing. For example, I was convinced that a recently listed stock called Google was way overvalued—was I ever wrong! That got me to reflect on my investment philosophy—what did I truly believe about how markets really behaved? That brought me back to understanding and appreciating the contributors to Modern Portfolio Theory, which led to a fun decade-long book project. Currently I enjoy writing about investing through my blog.

Stephen's book list on developing your investment philosophy

Stephen R. Foerster Why did Stephen love this book?

I had the pleasure of interviewing Charley for our book.

He’s a great storyteller. He was probably the first practitioner to advocate for passive index investing. He’s a tennis enthusiast, and his book was inspired by a book he read aimed at amateur tennis players. Ellis learned that to win at tennis, the best strategy is to simply try to not lose, and to not try to act like professional players.

He realized that the same strategy worked for investors as well. That means that investors shouldn’t try to beat the market.

By Charles Ellis,

Why should I read it?

5 authors picked Winning the Loser's Game as one of their favorite books, and they share why you should read it.

What is this book about?

The definitive guide to long-term investing success-fully updated to address the realities of today's markets

Technology, information overload, and increasing market dominance by expert investors and computers make it harder than ever to produce investing results that overcome operating costs and fees. Winning the Loser's Game reveals everything you need to know to reduce costs, fees, and taxes, and focus on long-term policies that are right for you.

Candid, short, and super easy to read, Winning the Loser's Game walks you through the process of developing and implementing a powerful investing strategy that generates solid profits year after year. In…

Book cover of The Elements of Investing: Easy Lessons for Every Investor

Mark Varder Author Of It's Not about How Smart You Can Be. It's about How Wealthy You Can Be.: Make the Most of the Market

From my list on for first-time investors in the stock market.

Who am I?

Investing in the share market appears to be a bewildering, constantly shifting, extremely noisy, and busy world – one best left to the experts. Fortunes can be made but, equally, fortunes can be lost – with devastating results for those on the receiving end. And yet there are a few, simple, timeless principles to investing in the market successfully – and, ironically, those principles – known collectively as index or passive investing – will be more successful than all the noisy, busy stuff put out by the industry. In writing our book, this is what we would like as many people as possible to know. It’s not about being smart.  

Mark's book list on for first-time investors in the stock market

Mark Varder Why did Mark love this book?

This is a slim, to-the-point, easily understood book based on the same principles as the well-known book on writing, The Elements of Style. With its five chapters, it is the opposite of the highly complex, bewildering, we-know-more-than-you communication put out on a daily basis by the investment industry. Its wisdom is timeless. It’s all that a first-time investor needs to know.

By Burton G. Malkiel, Charles D. Ellis,

Why should I read it?

1 author picked The Elements of Investing as one of their favorite books, and they share why you should read it.

What is this book about?

Seize control of your financial future with rock-solid advice from two of the world's leading investment experts

Investors today are bombarded with conflicting advice about how to handle the increasingly volatile stock market. From pronouncements of the "death of diversification" to the supposed virtues of crypto, investors can be forgiven for being thoroughly confused.

It's time to return to the basics. In the 10th Anniversary Edition of The Elements of Investing: Easy Lessons for Every Investor, investment legends Burton G. Malkiel and Charles D. Ellis deliver straightforward, digestible lessons in the investment rules and principles you need to follow to…

Book cover of The Power of Passive Investing: More Wealth with Less Work

Russell Wild Author Of Bond Investing For Dummies

From my list on investing so that you profit, not your broker.

Who am I?

I collected coins a kid. I went to college and studied econ. I worked in a bank. I later became a financial journalist. And later, a professional money manager. I’ve always been fascinated by money…the way it moves around the world, the enormous role it plays in peoples’ lives, the power it gives a select few, the good it can do, and the way it grows. As a fee-only financial planner running my own shop, I'm only peripherally involved with Wall Street. That frees me to step back and look at the key players, the shenanigans, the sometimes awful greed. The books I’ve selected were instrumental in helping others make their money work for them.

Russell's book list on investing so that you profit, not your broker

Russell Wild Why did Russell love this book?

I’ve bumped into Richard “Rick” Ferri at a few financial conferences. He’s easy to recognize as the guy getting hate stares from across the room. Ferri thinks most financial professionals charge too much – way too much and he isn’t shy about saying so. One of the reasons he loves passive (index) investing, as I do, is that it can be done at very little cost. If you think you want to be an index investor, but you aren’t sure where to start, I highly recommend this book. It will serve as an excellent pair of training wheels, explaining the whys and the hows of proper index investing. I’d also love to see many financial professionals read it, for they’d become better money managers if they did. Yeah, I’m talking about those guys I see in the back of the room giving Ferri the evil eye!

By Richard A. Ferri,

Why should I read it?

2 authors picked The Power of Passive Investing as one of their favorite books, and they share why you should read it.

What is this book about?

A practical guide to passive investing Time and again, individual investors discover, all too late, that actively picking stocks is a loser's game. The alternative lies with index funds. This passive form of investing allows you to participate in the markets relatively cheaply while prospering all the more because the money saved on investment expenses stays in your pocket. In his latest book, investment expert Richard Ferri shows you how easy and accessible index investing is. Along the way, he highlights how successful you can be by using this passive approach to allocate funds to stocks, bonds, and other prudent…

Book cover of The Barefoot Investor: Five Steps to Financial Freedom in Your 20s and 30s

Justine Crowley Author Of Saving Money Is Awesome

From my list on to save money, no matter what the economy is doing.

Who am I?

Since engaging in my own personal development since 2006, and in buying my first investment property at the time; I have always had an interest in saving money and building wealth. We live in an abundant universe, and it is our birthright to have money to enjoy, and to achieve our goals. In high inflationary times, having ample amounts of cash in the bank is a source of comfort. Writing books also came from my passion for writing, and from also working in therapy, where many patients experienced financial difficulties. Regardless of the current rate of inflation, you can stay on top of it with the right tools and knowledge. 

Justine's book list on to save money, no matter what the economy is doing

Justine Crowley Why did Justine love this book?

This is one book that will help people get their finances back on track.

There is a concept called the Barefoot Steps, and the idea of having an emergency savings account (mojo) is not only necessary; yet the author makes it inspiring to get this organised in the process of setting up your buckets. Strategies on eliminating debt are also covered. 

By Scott Pape,

Why should I read it?

1 author picked The Barefoot Investor as one of their favorite books, and they share why you should read it.

What is this book about?

The Barefoot Investor is about creating the financial freedom to live your dreams, whatever your age. It shows how getting your financial act together can be downright sexy, allowing you to achieve the things that mean the most to you - regardless of your income. Scott Pape, the Jamie Oliver of finance, writes for the young and hip who want to enjoy life now - not to wait on dead men's shoes. He shows you how to manage your money to do the things you want: whether it's to quit the job you hate to make a career of what…

Book cover of The Barefoot Investor

Marlies Hobbs Author Of FLY: Financially Literate Youth

From my list on a financially savvy future.

Who am I?

Jai and Marlies are a husband and wife team, originally from Cairns and now based in Noosa. Jai is a mortgage broker with over 18 years’ experience, and Marlies is a former property development lawyer with a passion for education and creative projects. They have two sons, Troy and Zac, a cavoodle, Ruby, and horses, Zoe and Twisty. Together they have built more than 10 properties, started, owned and operated several businesses, including a mortgage brokerage, retail shop and cafes, a franchise company, online shop, ready-made meal business, and property developments.

Marlies' book list on a financially savvy future

Marlies Hobbs Why did Marlies love this book?

Scott Paper is an enthusiastic and entertaining writer.

He has been involved in the financial industry as a financial commentator for many years and more recently as a financial counsellor. His book offers very simple and easy to follow steps to help people get a better hold of their finances with a practical and hands-on approach.

The book contains very important foundational knowledge which can then be built upon with more complex concepts, like those found in Join the Rich Club by Peter Switzer. I would recommend this book as a great starting point for people wanting to take charge of their financial future.    

By Scott Pape,

Why should I read it?

1 author picked The Barefoot Investor as one of their favorite books, and they share why you should read it.

What is this book about?

**This Classic Edition has been updated for 2022 and beyond**


This is the only money guide you'll ever need.

That's a bold claim, given there are thousands of finance books on the shelves.

Yet there's a reason this book is in one in every 20 Australian homes.

You'll find out how to create an entire financial plan that is so simple you can sketch it on the back of a serviette ... and you'll be able to manage your money in 10 minutes a week.

The Barefoot Steps stand the test of time. In this…

Book cover of A Boy, a Budget and a Dream

Leslie Clark Author Of O is for Ownership! The ABCs of the Stock Market for Beginners

From my list on children’s stories for financial wizards-in-training.

Who am I?

Growing up I noticed that a lot of my friends would avoid conversations about the stock market mainly because a lack of confidence or knowledge around how it works. I also saw a visible gap in financial literacy among kids that I volunteered with. The school system is doing the best they can, but we can’t rely on them to plant every seed within our kids. With the knowledge gained from friends and countless hours of research from taking classes on the stock market, I created a book that focused on teaching kids about all things stock related but also could be used as a tool of learning for all ages.  

Leslie's book list on children’s stories for financial wizards-in-training

Leslie Clark Why did Leslie love this book?

A Boy, a Budget and a Dream is easily one of my favorites because I related with the character first which made it so much easier to share with my son.

He is still too young to understand but it makes for a great bedtime story now. The book is easy to follow along and the illustrations are great. Jasmine does a great job in breaking down the connection between proper budgeting and having a plan to get what you want. 

By Jasmine Paul, Jose Nieto (illustrator),

Why should I read it?

1 author picked A Boy, a Budget and a Dream as one of their favorite books, and they share why you should read it. This book is for kids age 4, 5, 6, and 7.

Book cover of Retirement Income Redesigned: Master Plans for Distribution -- An Adviser's Guide for Funding Boomers' Best Years

Wade Pfau Author Of Retirement Planning Guidebook: Navigating the Important Decisions for Retirement Success

From my list on preparing you for retirement.

Who am I?

I am economist who first started exploring retirement planning for my own personal situation. I became so captivated by the topic that I changed fields and was selected as the Professor of Retirement Income at the American College of Financial Services. I am a past curriculum director for the Retirement Management Analyst designation and past program director for the Retirement Income Certified Professional designation. More recently, I am the co-creator of the Retirement Income Style Awareness and co-host of the Retire with Style podcast. I enjoy learning and teaching about all topics related to retirement.

Wade's book list on preparing you for retirement

Wade Pfau Why did Wade love this book?

Harold Evensky and Deanna Katz bring together a collection of experts to explore many different facets of retirement income planning.

This book was ahead of its time in exploring retirement income as a distinct field of financial planning, and it laid important foundations in place. Readers can learn from leading experts about understanding sequence-of-return risk, spending from investments, using annuities, and much more.  

By Harold Evensky (editor), Deena B. Katz (editor),

Why should I read it?

1 author picked Retirement Income Redesigned as one of their favorite books, and they share why you should read it.

What is this book about?

Clients nearing retirement have some significant challenges to face. And so do their advisers. They can expect to live far longer after they retire. And the problems they expect their advisers to solve are far more complex. The traditional sources of retirement income may be shriveling, but boomers don't intend to downsize their plans. Instead, they're redefining what it means to be retired―as well as what they require of financial advisers. Planners who aren't prepared will be left behind. Those who are will step up to some lucrative and challenging work.

To help get the work done, Harold Evensky and…

Book cover of Trade Your Way to Financial Freedom

Kevin J. Davey Author Of Entry and Exit Confessions of a Champion Trader: 52 Ways A Professional Speculator Gets In And Out Of The Stock, Futures And Forex Markets

From my list on that help to become a champion trader.

Who am I?

I have been trading for over 30 years now, and I was lucky to be one of the part-time “hobby” traders to be successful enough to trade full time. Along the way, I was a 3-time trophy winner in the world’s premier real time, real money futures trading contest. My passion is trading, both for my personal accounts and in assisting my students with their trading. While I always say “trading is the hardest way to make easy money” this field is my lifelong passion.

Kevin's book list on that help to become a champion trader

Kevin J. Davey Why did Kevin love this book?

Good trading does not always involve just buying and selling decisions. If it was, trading would be much easier! To be a successful trader, you must have your psychological “house” in order. And that is what this book is superb for. Trade Your Way To Financial Freedom assists you in navigating the turbulent mental, emotional and psychological waters all traders face.

By Van Tharp,

Why should I read it?

1 author picked Trade Your Way to Financial Freedom as one of their favorite books, and they share why you should read it.

What is this book about?

The bestselling holy grail of trading information-now brought completely up to date to give traders an edge in the marketplace

"Sound trading advice and lots of ideas you can use to develop your own trading methodology."-Jack Schwager, author of Market Wizards and The New Market Wizards

This trading masterpiece has been fully updated to address all the concerns of today's market environment. With substantial new material, this second edition features Tharp's new 17-step trading model. Trade Your Way to Financial Freedom also addresses reward to risk multiples, as well as insightful new interviews with top traders, and features updated examples…

Book cover of The World's Simplest Stock Picking Strategy: How to make money investing in the companies in your life

Jason Kelly Author Of The 3% Signal: The Investing Technique That Will Change Your Life

From my list on to learn systematic stock market investing.

Who am I?

I am the author of The Neatest Little Guide to Stock Market Investing and The 3% Signal, among other financial books, and editor of The Kelly Letter. Despite having been ranked by CXO Advisory as one of the best stock-market forecasters, I gave up the practice in favor of price reaction. I realized that nobody knows where stocks are headed, myself included, and set out to find ways to beat the market without forecasting—and succeeded. My readers and I are now much happier and wealthier.

Jason's book list on to learn systematic stock market investing

Jason Kelly Why did Jason love this book?

I liked this book enough to write a blurb for it, as follows: “Any plan that would have led investors to Amazon, Apple, and Google is fine by me—and this one would have. Edward Ryan has created a systematic framework for owning what you know, a tried-and-true tactic.” No less a luminary than Peter Lynch endorses the idea, and in this book you’ll learn five steps to systematize it: list your life activities, extract stock ideas from them, rank those stocks, invest, and manage the portfolio. The second step is the most interesting to me; it’s where you consider which products and services in your life are most likely to keep a stock moving higher.

By Edward W. Ryan,

Why should I read it?

1 author picked The World's Simplest Stock Picking Strategy as one of their favorite books, and they share why you should read it.

What is this book about?

Every investor needs an edge.

Professional investors on Wall Street have the best education, the deepest knowledge of company accounts, the latest technology, and teams of analysts at their disposal to help them identify the best stock investments. That is their edge. As a part-time, individual investor, you cannot compete on their turf.

What can you do? This is where The World's Simplest Stock Picking Strategy comes in.

As you go about your life, there are companies you interact with regularly as a consumer. Some companies will stand out to you as having remarkable products or services, which you use…

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