They say that within the covers of books lie immeasurable wealth of knowledge. This wealth of knowledge can indeed translate into wealth in your bank account if you pick the knowledge from the right sources. That said, when it comes to personal finances, here are 7 books you really want to check out (in no exact order):
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1. Think and Grow Rich
Napolean Hill’s classic, Think and Grow Rich, is basically the result of over 20 years of study of the lives of hundreds of America’s most successful individuals from different walks of life. Individuals including Henry Ford, Thomas Edison, Theodore Roosevelt, Wilbur Wright, Dr. Alexander Graham Bell, John D. Rockefeller, Elbert Hubbard, amongst many others (over 500 of such great individuals).
The book identified about 13 principles of individual achievement (the secret formula) all of which were common factors in the lives of those successful individuals who were involved in the study.
Grab a copy of Think and Grow Rich
2. Financial Fitness
Financial Fitness covers the issue of money from three main viewpoints. One, the defense – how to save, budget and get out of debt. Two, the offense – how to make money. Three, the playing field – how money works and how to understand economics (the financial system, in essence).
The book also lays out 47 solid principles of financial fitness and provides anecdotes of individuals whose lives have been transformed by those principles. Also, it teaches its readers how to escape the Financial Matrix, a term used to describe the financial system that ensnares individuals into massive debt.
This is a transformative and informative book by Chris Brady and Orrin Woodword.
Grab a copy of Financial Fitness
3. The Richest Man in Babylon
This classic bestseller by George Clason, The Richest Man in Babylon, has been noted as one of the greatest inspirational works on the subject of thrift, financial planning, and personal wealth.
Enriched with fascinating stories, it contains ageless principles on how to understand, acquire and maintain wealth. Although, it may be an ‘ancient’ book, the principles taught in it still applied to modern day.
Many have touted it as, “…an Assured Road to Happiness and Prosperity.” And by the testimonials of money nothing can be far more accurate than that statement.
Grab a copy of The Richest Man in Babylon
4. The Millionaire Next Door
After over 2 decades of studying wealthy household in America, Thomas Stanley and Williams Danko put together what has become a bestseller.
After reading The Millionaire Next Door, you’ll have a solid idea of what wealth means and what it doesn’t mean, the 7 characteristics of the wealthy and how to acquire them, the lifestyle of the wealthy (which most people have got wrong), and so forth. You will also have access to some of the research materials used to survey the wealthy.
Truly, this book contains the surprising, never-told secrets of American’s rich and how they got there.
Grab a copy of The Millionaire Next Door
5. Getting Rich Your Own Way
Another amazing book by the bestselling author, Brian Tracy, Getting Rich Your Own Way. In this book the author shares 18 principles, ideas, and concept required for total success. Starting a business can accelerates one’s path to financial freedom,so the book spells out 5 rules for starting a successful business.
The book also shows tried-and-true methods that have taken people from rags to riches. Lee Iacocca, said that “…this powerful, practical book shows you how to achieve financial success beyond your dreams or imagination.”
Grab a copy of Getting Rich Your Own Way
6. Rich Dad, Poor Dad
In his bestselling book, Rich Dad, Poor Dad, Robert Kiyosaki, shares lessons learnt about wealth creation, growing up with two dad figures – one was rich and the other poor. The book basically covers 6 major lessons around the behaviors of the rich regarding money, business, and financial literacy.
Rich Dad, Poor Dad also demystified couple of myths on wealth; one of them is around assets versus liabilities. For example, is your house an asset or a liability? (If you’re sure you’ll want to learn about that from this book.)
This is an educational book that’ll definitely change your purview on money.
Grab a copy of Rich Dad, Poor Dad
7. T. Harv Eker’s book
Secrets of the Millionaire Mind emphasizes the role of “success and money blueprint” in determining one’s success level in the future. According to him, it is a person’s money blueprint which, more than anything else, determines whether or not the person will be wealthy. (Blueprint is simply a predefined conception of something in the subconscious mind.)
The book is broken into two parts – the first part dives deep into how the money blueprint works, how it was formed, and how it can be rewired to produce desired success. The second part lays out 17 money-related things the rich people do which the most poor and middle-class don’t; those come along with actions steps to follow in order to create lasting success and wealth.
This is a life makeover book.
Grab a copy of Secrets of the Millionaire Mind
And that’s it! My top 7 books on money and personal finances.
What books on money and personal finances would make it to your top 7 list?
To your financial freedom!!