The most recommended books about money

This book is about the ultimate pyramid scheme, written largely from the perspective of someone who fell for it. Michael Lewis tells a story like nobody else. It is about Sam Bankman Fried, the crypto billionaire who is now in jail for defrauding everybody.

Only it was written before Fried was convicted, and some reviewers felt Lewis had himself been charmed and hoodwinked by Fried. But that’s precisely the reason I love this book: the author falls under the spell of a Silicon Valley accelerationist and techno-utopian.

We get to experience the logic of “effective altruism” and the cult of exponential growth from the inside rather than the cynicism of how it all turned out.

Being in the crypto space for as long as I have, I’ve heard the argument repeatedly that tokenization is a new thing that blockchains enable and that they are inherently good or bad, depending on where you stand on the issue. But that is an oversimplification.

Rachel O'Dwyer's book is an approachable exploration of the evolving landscape of tokens beyond the usual critique of financialization. Through a first-person exploration of history, O'Dwyer reveals the deeply political nature of tokens, shedding light on their enduring presence and demonstrating how today's digital tokens are simply a continuation of humanity's longstanding use of tokens to facilitate a wide range of social processes since antiquity.

Jan Pahl’s work opened the ‘black box’ of the household for me, to examine how men and women in intimate relationships managed and controlled their money across cultures.

She set up a typology of separate, joint, and independent money management and control that became my starting point for researching money and families also cultures. Her work also started me thinking of the gender of money, that is how men and women use, think, and own money differently, particularly when spending on children and the home.  

The papers in this book follow on from an article in Vanity Fair, "Of the 1%, for the 1%, by the 1%". Mimicking Abraham Lincoln’s famous definition in his Gettysburg Address.

A central argument that runs throughout the book is that the growing inequality in the US is chosen, not by its peoples, but by its government. The implication is that the rising inequality and its causes are a threat to US democracy. The book sees a great divide opening between the mass of its citizens and a plutocratic class whose income, and relative position, continues to improve. The book documents how governments have pursued policies that only benefit the 1%.

A common question I'm asked as a financial therapist is, "Why don't people talk about money more?"

In this book, Berna doesn't just talk about the practicalities of money; she gets others' thoughts and opinions on it too. The "Open Mic" section is so powerful. It's a segment sprinkled throughout the book where Berna asks others about money–everything from their financial goals to what they've nicknamed their savings accounts.

When money is so taboo, it's helpful (and fun!) to read about what others are doing with their money. 

The Cryptopians covers basically the same ground as The Infinite Machine, but in much, much more detail. 

Shin very much sets out to dig the skeletons out of the closet from the earliest days of the Ethereum adventure. 

The thing you have to understand about how Ethereum started is this: A 19-year-old gawky immigrant kid who was completely conflict averse came up with the vision. A bunch of moderately rich guys and hacker types heard his ideas and saw money start to burst out of their eyeballs. They all moved into a house together and tried to build it and a lot of personal rivalries and drama ensued. 

Then there were a couple of gigantic early screw-ups that nearly sank the whole thing. 

Shin goes through it all blow by blow. There are a lot of “he said/she said” sort of moments in the book.

One of the wildest things… show more.

When I used to be a thief, I hung out with people who justified why stealing was okay. Until I almost got caught and sent to jail, I was brutally reminded that there is no easy way out of doing bad things.

However, I couldn't be a thief amongst people striving toward bigger goals while helping others.

I was around people who reflected on how I felt about myself, and the results were always proportional to my efforts and interests.

Simply put, this book is about being around people who know better than I, and have good intentions. Learn and continue giving more than I take, and always stay grateful. 

Pain, self-inflicted or not, is a great motivator. The difference is people helping or deserting me as a result of what kind of pain I am in. 

I believe Landsburg, whom I have met, may be one of the most creative and interesting thinkers in America today.

I love this book because it is his personality on every page: quirky, creative, and entertaining. It asks and answers questions others have never even considered or incorrectly assumed are so obvious as to not be worth the time to explore. I use questions from this book, which is 30+ years old, to stump and pique the curiosity of my students every semester.

Owen Learns to Manage Money is a great example of a real-life kid dilemma that teaches a valuable lesson.

Own encounters a challenge when the newest game system is released. He has to decide if he is willing to save his money, spend it, or invest his money. I love how relatable the topic is and my family reads it weekly. 

Crypto is not an area I dive into much in my own work, as I find it such a challenging space to approach without getting lost in hype, misinformation and scams – it can be hard to know who to trust. I loved this book because it’s such a great approachable deep dive that left me feeling so much better informed and clearer in my own opinions on the field.

An indispensable and enjoyable guide.