Have you ever read anything about making money?
This question sounds stupid but you will be surprised at the number of people that will say no to it.
Making money is one of those topics we feel that we know everything about. Just like men with women.
Here are my must read personal finance books.
- 5 Things You Should Never Do With Your Savings if You Want to Be Wealthy
- 7 Simple Ways to Save Your Money
The Millionaire Next Door by Thomas Stanley and William Danko
You may be surprised to know that the people we thought are millionaires are only living in debt. That is the primary lesson of this book. Wealth is not how good you live, the kind of car you drive or the kind of fancy neighbourhood you live in. Those things are not wealth, it’s only living high. Thomas Stanley and William Danko has thought us a valuable lesson about millionaires: what they did to get their wealth, how they live and how they spend their money.
The Automatic Millionaire by David Bach
If you want to read some very simple things that you can do to help you achieve financial freedom and retire early, then I recommend this book. David Bach has given us sound savings and investment ideas we should all take advantage of.
The Richest Man in Babylon by George S. Clason
This timeless classic has helped a lot of people to achieve their financial goals. First published in 1926, it was originally a series of financial stories told through parables. The banks and insurance companies helped it gain a wider audience by giving it away for free. I believe every young person, especially those still starting out in life, should read this book because the information in it is so valuable that if you miss it as a young person, and read it much later in life, you will wish that somehow, somebody gave it to you in your youth.
I Will Teach You to Be Rich by Ramit Sethi
Budgeting is important if you want to achieve financial freedom. This is a great book for people new to budgeting, people who don’t earn much but want to use the little they earn to achieve financial freedom. Ramit Sethi lesson is simple – decide for yourself what it means to be rich and act on it.
The Secret of the Millionaire Mind by Harv Eker
The name of this book says what this book is all about – The Millionaire’s Mind. If you want to be a millionaire or a billionaire or what ever you want, read this book. What Harv Eker is promoting in this book is that the greatest difference between the rich and the poor is simply in the mind. Change your poor mindset and attitude and you will achieve wealth.
Thinking Fast and Slow by Daniel Kahneman
Daniel Kahneman is a Psychologist who won the 2002 Nobel Memorial Prize in Economics. In this highly recommended book, Kahneman takes us on a tour of the mind and explains what drives us to think and act the way we do. Personal finance is all about decision making. Understanding what makes us think and act the way we do is key to making good money decisions.
The Total Money Makeover by Dave Ramsey
This book is focused on paying off debt. So if you see yourself as one who always swims in debt, this book is for you.
8. Rich Dad Poor Dad by Robert Kiyosaki
Robert Kiyosaki wrote this book from the experience of having two father figures when he was growing up. That experience shaped his life and writing immensely. That is why it looks like he fights formal education, but that is not the case. If you cannot attain a reasonable form of financial freedom with the education you are receiving right now or the one you received, then it’s not worth it. The only difference between the wealthy and the poor is knowledge.