5 Personal Finance Books That Can Change Your Life
You don't have to have an accounting degree or hire a financial advisor to manage your money and build wealth. But the surprising thing is that 27% of Americans still choose to hire a professional, which can cost thousands compared to taking control of your own financial plan.
In fact, I've gained a bigger return on my investments by reading and applying the information and principles found in these books. Each one contains nuggets of wisdom, key insights, and strategies to build your wealth.
Let's walk through the 5 personal finance books that can change your life.
The Millionaire Next Door
If you're the type who wants to know what the common traits of millionaires are then this is the book for you. Thomas Stanley spent his entire career surveying and studying millionaires to find out what makes them tick and how they created their wealth.
His findings reveal a lot of surprising facts and debunks common myths such as income is correlated to wealth. He uses his research to see how the majority tackle choices from:
- Investing
- Education
- Career choices
- Raising children
- Relationships with spouses
- Buying cars
- Making financial choices
Since it was originally written in 1996 some of the financial numbers may be a bit dated given inflation. There is more value in understanding the lifestyle choices to help understand what changes you can make in your own life or affirm you're on the right path.
For more expanded data to this book you can get the millionaire mind goes into more detail of the findings of the millionaire next door. An updated version has also been released, The Next Millionaire Next Door, that examines the changes in lifestyles of this group over the last 20 years.
Tony Robbins: Money Master the Game
Tony Robbins has spent decades inspiring people from every walk of life all over the world in all areas of life including fitness, business, leadership, relationships, and finance.
If you want an in depth course on how to achieve financial freedom then this is the instruction manual. This book is packed with helpful advice that actually makes sense!
It's super easy to read and perfect for anyone who wants to learn more about managing money. In this book Tony shares smart tips and simple principles to help grow your wealth and make your money work for you.
Tony also breaks down how to structure a well-rounded plan, using a 7-step blueprint for securing financial freedom with your ideal lifestyle in mind. He answers the questions on how to invest, what to invest in, and navigating the financial products that can align with your goals.
Everything is clear and straightforward, especially when it comes to understanding investing. Plus, it's not just about reading – it gives you real steps to take and inspires you to take action!
Rich Dad Poor Dad
Robert Kiyosaki's flagship book is an absolute must. The difference between being rich or poor is in the mindset and he goes into detail on what the gap is between these two types. He gives a breakdown into how rich people think about money and explodes the myth that you need to earn a high income to become rich.
People love this book because it's easy to read and makes you feel confident about money choices. It teaches important lessons and helps you see finances in a whole new way.
It explains things like assets and liabilities and shows you how to make your money work for you. The book is full of helpful tips on how to grow your wealth and keep it, showing you simple ideas you can use right away.
One thing you'll really like is how the book uses pictures and examples to explain things clearly. It even inspires some to start their own businesses! It's a great first step for anyone wanting to learn more about money and investing.
I'd recommend this book to all ages, especially young adults who are just starting their careers.
The Richest Man in Babylon
The Richest Man in Babylon is a timeless classic filled with fun and wise stories set in ancient Babylon. It shares simple lessons on how to save money, build wealth, and make smart financial decisions.
The main character, Arkad, is the richest man in Babylon. He teaches his friends how he went from being poor to wealthy by following a few key principles. One big lesson reinforced throughout the story is "pay yourself first – save at least 10% of your income before spending the rest."
The stories also show why it's important to control spending, avoid risky shortcuts to wealth, and make smart choices by learning about money. The "Five Laws of Gold" give simple rules to help anyone grow their money and prepare for the future.
This book is great for anyone who wants to take control of their finances. It shows that with discipline, patience, and good decisions, anyone can build wealth – no matter where they start!
Dave Ramsey's Total Money Makeover
Are you ready to take charge of your money and build a budget that really works? The Total Money Makeover by Dave Ramsey has helped millions of people change their financial lives for good.
This book skips all the crazy get-rich-quick ideas and gives you a simple, proven plan to fix your finances for the long term. With clear steps and real life advice, Dave shows you how to:
- Pay off all your debt using the debt snowball method
- Break bad money habits and make lasting changes
- Spot the 10 biggest moeny myths that can trip you up
- Build an emergency fund for life's surprises
- Save for retirement so you can live your dream life later
Plus, you'll learn how to handle tough topics like college debt, marriage conflicts, and more. This book is all about brilliance in the basics and creating a solid financial foundation.
This is your chance for a total financial reset – so you can live like no one else!
Success leaves clues
Learning from people who have already attained what you are working towards is one of the best ways to accelerate success.
These books will explain how to avoid money problems and make decisions that ultimately will help you feel more secure and happy.
Start today! The more you learn now the better you'll be at making smart money choices for the rest of your life!
Be the first to know, stay ahead of the curve, and join a community that’s growing and thriving together.
Click "Subscribe" now and take the first step toward leveling up your knowledge and your life. Let’s grow together—starting today!