Everyone desires financial freedom. But where do we start?
Experts have spent years interviewing the wealthy and successful, overcoming their own financial obstacles, and guiding their readers to financial freedom. We’ve picked 6 of the most influential financial books to get you started on the road toward efficient money management, healthy financial habits, and positive, success-oriented mindsets.
1. Rich Dad, Poor Dad – Robert Kiyosaki
Kiyosaki writes about lessons he learned as a child from a rich father and a poor father. The overarching theme of the book is how to use your money to develop wealth. He discusses the mistakes the poor father made and the financial mindset of the rich father. Kiyosaki focuses on the importance of financial literacy and gives tangible steps for how to save your money and spend it wisely. He wants his readers to create their own lifestyle of financial freedom.
2. The Total Money Makeover – Dave Ramsey
This is a comprehensive book detailing the 7 steps required to achieve financial freedom. The steps outlined in the book are the bare bones for learning how to manage your money. Ramsey’s method is the perfect starter kit for someone wanting to start from scratch. He gives tangible steps interwoven with stories of people who have benefited from his method.
3. Secrets of the Millionaire Life – T. Harv Eker
Eker’s book focuses on beliefs and mindsets. He parallels the mindsets of the rich with those of the poor, called the “17 Wealth Files”. Eker teaches his readers how to destroy negative thought patterns to achieve a wealthy mindset. The purpose of the book is to give you control over your money and recognize that your patterns and actions are what shape your outcome.
4. Your Money or Your Life – Vicki Robin, Joseph R. Dominguez, Monique Tilford
This book teaches you how to reshape your relationship with your money. It discusses the time you spend saving, managing, and earning money, and how this impacts your relationship with your family and community. 7 steps are laid out to help the reader improve their relationship with money and, subsequently, their relationship with everything else in their life.
5. Think and Grow Rich – Napoleon Hill
Hill created this book by researching the habits of over 500 self-made millionaires. The book was published back in 1937 and discussed the most successful minds of the day, from Henry Ford to Andrew Carnegie. He gives the reader 13 habits to implement, which he calls the “philosophy of achievement”. Think and Grow Rich motivates you to focus your energy on achieving your goals.
6. The Millionaire Next Door – Thomas J. Stanley
Stanley debunks common misconceptions about what it means to be a millionaire. This includes that most wealthy people don’t live in high-class neighborhoods, but instead maintain a middle-class lifestyle. He dives into the financial habits of wealthy people and how an ordinary person can become wealthy and achieve financial independence.
There are many books to read if you desire financial growth and freedom. This list is a good start to change your habits, prioritize your money, and make a difference in your financial literacy. Let us know what money-related books we should include in our next list!