An estimated 340 million American households struggle to pay off debt, while only maybe fewer than one-quarter of American households live debt-free. Living debt-free, living in debt, spending money, and managing wealth all boils down to your financial knowledge. If you find yourself struggling to come up with an emergency fund whenever there’s an emergency, you should be more worried about your entire financial future.
There are many perks to learning how to manage your finances; everyone wants to retire without having to stress about money, and everyone wants to be able to invest in a better future for their children and leave a good legacy. Money may not be able to ‘buy happiness ‘ but it does make our lives easier to a certain level and ensures financial independence.
If you’re looking to achieve financial independence, reading and implementing books about financial literacy will help you break free from the shackles of debt and poverty, improve your financial life and achieve financial success.
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Audible Audiobook
- Robert T. Kiyosaki (Author) – Tom Parks (Narrator)
- English (Publication Language)
- 05/14/2019 (Publication Date) – Brilliance Audio (Publisher)
Topping the list is the book Rich Dad Poor Dad by Robert T. Kiyosaki. This book follows the story of a boy with two fathers, one rich, and one poor; it’s written to reorient you on the mindset and financial knowledge you require for financial freedom.
Reading this book at first, you may find it rather controversial but it aims to get you to take action. The book is partially based on the life of Kiyosaki, who learned about money in two different ways.
The lessons in this book include how to approach money as a concept, budgeting, investing, basic knowledge of accounting, and how to make money work for you.
At the end of reading this book, you’ll learn everything you need to know about financial planning, saving money, crushing your financial goals, and ultimately achieving financial independence.
- Money: Master The Game by Tony Robbins
- Audible Audiobook
- Tony Robbins (Author) – Tony Robbins, Jeremy Bobb (Narrators)
- English (Publication Language)
- 11/18/2014 (Publication Date) – Simon & Schuster Audio (Publisher)
Money: Master The Game by Tony Robbins explains seven simple steps to achieve financial goals. This book is based on the advice he got from the world’s best billionaire investors through interviews.
After ten years of research, Tony Robbin came up with this book. He resolves to help average people secure a better future, especially after the financial crisis in 2008.
A major part of his research involves him interviewing several billionaire financial legends such as Warren Buffett, Jack Bogle, and Ray Dalio.
He combines their best strategies in this book and delivers everything you need to know about mindset changes, saving tips, and asset allocation.
- The Barefoot Investor by Scott Pape
- Audible Audiobook
- Scott Pape (Author) – Scott Pape (Narrator)
- English (Publication Language)
- 01/01/2017 (Publication Date) – Audible Studios (Publisher)
The Barefoot Investor by Scott Pape is a guide to taking charge of your finances with a simple system of living debt-free. This book is worth your time because not only is it written by Australia’s most trusted personal finance expert, but his book has also sold over 1,000,000 copies.
Though he grew up on the farm, Pape wanted to get rich by trading stocks but that didn’t go the way he planned, so he went back to his farm.
Now, he uses his simple life as a farmer as a metaphor for managing your money. In this book, you’ll learn about the three phases of controlling money; to plant, grow, and then harvest your money. He provides easy tips with extraordinary advice. This book is highly recommended, especially for beginners.
- Think and Grow Rich by Napoleon Hill
- Audible Audiobook
- Napoleon Hill (Author) – Mark White (Narrator)
- English (Publication Language)
- 03/28/2019 (Publication Date) – Page2Page (Publisher)
The book Think and Grow Rich is a compilation of the 13 common habits that make wealthy and successful people. After studying over 500 individuals for over 20 years, Napoleon Hill Came up with this very educational finance book.
If you’re a young entrepreneur, you must get a copy of this book for yourself. This book teaches you to use autosuggestion to build an unshakeable belief in yourself, be resolute, always stick to your decisions, and belong to a group or have mentors to facilitate your learning process.
- The Automatic Millionaire by David Bach
- Bach, David (Author)
- English (Publication Language)
- 288 Pages – 12/27/2016 (Publication Date) – Crown Currency (Publisher)
The book Automatic Millionaire by David Bach is an actionable, gradational plan for building wealth without limiting yourself to fixed percentages, small payments, and automated transactions.
When David Bach was seven years old, his grandma took him to McDonald’s and explained to him that there are three types of people in the world: those who eat at McDonald’s, those who work at McDonald’s, and those who invest in McDonald’s.
Years later, Bach went on to become a vice president at Morgan Stanley. Today he owns a consultancy and publishes books. 7 of 12 are New York Times bestsellers and this book is his most workable template for stacking up wealth.
Wrapping Up
When you read books about finance, you’re able to discover a pattern to building wealth that has worked for others. Being financially literate sets you apart from others and helps you secure a better future for yourself and your family.
These books are enough to change your mindset and get you started, and as you implement them, you begin to see noticeable improvement in your financial life. The earlier you start reading, the better!
