the best personal finance books in german

the best books on personal finance in german stacked upon each other

you made the resolution to get your finances in order? congratulations, that’s a big step! to help you get started, i have selected the best personal finance books in german (from beginner to expert level) that i could find.

if you’re still on fence whether or not that’s necessary, may i suggest my post idealism and personal finance where i make my case for financial literacy.

why the best personal finance books in german?

i live in luxembourg and speak five languages. as my country and the community of people speaking my mother tongue are small, it makes sense for a lot of us to look for resources on most things in other languages.

as financial things are utterly dependent on a country’s regulations, institutions and product offer, i thought it best to start with resources written in german as germany is one of our biggest direct neighbours.

i will cover resources in english in upcoming posts and i might look at french books, but so far i haven’t found any that caught me eye.

disclaimer : as an amazon associate i earn from qualifying purchases.

1. madame moneypenny

by natascha wegelin

book cover of 'madame moneypenny' by natascha wegelin

the first personal finance book in german that i can recommend is madame moneypenny by natascha wegelin.

(the picture is an affiliate link.)

it might very well be the easiest introduction into the subject matter that you can find.

it reads like a novel because it is written like one.

in the book, wegelin explains personal finance to her family over a bbq dinner.

there’s dialogue and a story and lots of helpful information.

this book is for you if you have absolutely no financial knowledge AND very intimidated by the subject matter.

as you’ll see reading this book, there’s nothing to be afraid of.

a bit too easy?

personally, i found this book to be written a bit too simple.

at first it almost angered me that the only book out there specifically marketed at women wrote about about personal finance in such basic terms.

like women needed things explained to them like children.

i soon realised though that due to reading other books first, i may have an advantage of knowledge on the topic that other women might not have, but can find in this book.

a strong brand

where wegelin however really shines is the community she was able to build around her brand.

name any social media, she is on it. and with her, around her, there are many, many women talking, sharing, lifting each other up.

if ever you have a question or you need support, this community might just have your back. you’ll find them for instance on facebook.

buy the book

to buy the book, head over to amazon.de (affiliate link) or ernster.com (not a sponsored link).

2. easy money

by margarethe honisch

book cover of 'easy money' by margarethe honisch

the second personal finance book in german that i can recommend is easy money by margarethe honisch.

(the picture is an affiliate link.)

the second personal finance book in german that i can recommend is easy money by margarethe honisch.

it also is an introduction into the subject matter.

if you only have the time or patience for one book on personal finance in german, make it this one!

honisch explains all relevant aspects in a fresh, funny and down to earth tone.

she delivers on the promise of her book title.

the information she provides is indeed easy to understand, complete, well researched and backed with evidence and facts.

this book is for you if you have no prior knowledge into the matter and are not afraid to learn new things.

buy the book

to buy the book, head over to amazon.de (affiliate link) or ernster.com (not a sponsored link).

3. der finanzwesir

by albert warnecke

book cover of 'der finanzwesir' by albert warnecke

the third personal finance book in german that i can recommend is der finanzwesir by albert warnecke.

(the picture is an affiliate link.)

it starts where both madame moneypenny and easy money end : the creation of wealth by building financial assets.

once the financial basics are covered, the next logical step is to think about what to do with the money you’re not spending. and how to do it exactly.

this is where warnecke comes in.

der finanzwesir is as easy, as helpful and at the same time as extensive as an introduction into the topic of investing could possibly be.

warnecke doesn’t mince his words.

his tone is no bullshit from the first page to the last.

he tells it like he sees it after decades of personal experience in the stock market.

take it or leave it.

in my opinion that’s where the real strength of this book lies.

it’s our money we’re talking about. and our money is directly linked to our survival, our comfort in life and our future.

so yes, please, let’s be candid.

buy the book

to buy the book, head over to amazon.de (affiliate link) or ernster.com (not a sponsored link).

4. souverän investieren

by gerd kommer

book cover of 'souverän investieren' by gerd kommer

the fourth and final personal finance book in german that i can recommend is souverän investieren by gerd kommer.

(the picture is an affiliate link.)

(yes, i said 5 popular books in the introduction, but there’s only 4 i can really recommend, so please bear with me.)

expert level

kommer brings things to an expert level and this many regards.

he had me at “finanzmarktforschung” (financial market research) on the first page in chapter one.

there’s scientific research on financial markets? but of course, there is. why wouldn’t there be?

kommer repeatedly and extensively quotes this research on the performance of financial markets over the past 120 or so years.

and suddenly a lot of things that have nothing to do with indexfonds or etfs start to make sense.

why is is so hard to find information on financial products that i understand? for the longest time, i thought the problem was me. that i just wasn’t smart enough.

therefore, reading this book was like a curtain being lifted with one aha moment after the other.

now i see it for what it is:

bad marketing 101

purposefully written vague and lacking information with the goal to get you to make an appointment in order to sell you products that are more in line with the banking institution’s needs than your own.

a bit of an effort

this, however, doesn’t change the fact that kommer’s writing is dense, intellectual and so refined it sometimes comes over a bit blasé.

but then again, they don’t call him the ‘pope’ of indexfund investing for nothing.

credit where credit is due.

and that is here.

my personal conclusion : this book isn’t a walk in the park (it took me 4-5 weekends to read 395 pages) but bloody necessary.

to freely quote kommer : don’t invest in what you don’t understand.

this book gets you a lot closer to understanding.

buy the book

to buy the book, head over to amazon.de (affiliate link) or ernster.com (not a sponsored link).

der weg zur finanziellen freiheit

by bodo schäfer

book cover of 'der weg zur finanziellen freiheit' by bodo schäfer

this leaves us with the last and final popular personal finance book in german : der web zur finanziellen freiheit by bodo schäfer.

fortunately for all of us, we life in a free world where information is not regulated.

unfortunately for us this means that we have to be careful about and critical of the information we read. because not all of it is good. or in our best interest. specifically when it comes to a subject as taboo and as sensitive as money.

which brings us to schäfer’s book.

nothing wrong per se…

now, there is nothing per se wrong with the information he provides. it all seems factually more or less correct to my amateur knowledge.

the problem with his book, however, are the unreasonable expectations that it raises : ‘your first million in 7 years’. i’m not saying it’s impossible, but like the 4 hour work week achieving this goal is just not probable.

to get there would mean an extremely frugal saving’s rate, immense entrepreneurial success and an overperforming stock market portfolio over 7 entire years.

or in other words : it would take enormous dedication and sacrifice, immense genius and the dumbest of luck.

i hate to be the one to destroy the fairy tale : but that’s maybe a 1 in a million combination and that one person may be you, but statistically speaking it isn’t.

so you might just as well prepare yourself with the knowledge you need should that one person turn out not to be you.

it is possible to successfully deal with your financial situation, just read any of the four other books.

finanzfluss on youtube

bonus tip

for those who need a more visual representation of these topics, i can recommend the german youtube channel finanzfluss as an additional or complementary source of information.

this channel produces 10 to 15 minute videos covering most of the topics mentioned in these books.

they are short, on the point and up to date with current events.

feedback

now, it’s up to you : have you read any of these personal finance books in german?

what personal finance books would you recommend in other languages?

if yes, do you agree with my sentiment?

if not, did this review help you to make a choice whether you should read any of them or not?

please let me know in the comments.

idealistically yours,
the simps

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