If you need to learn something, a good book is your best resource. And these 7 personal finance books will help you get started on your personal finance journey.
One of the best things you could do for yourself is educate yourself about money. And reading books can help with that. If you are looking for money habits to adopt, or frugal living tips, or how to save money on groceries, you will find so many great resources online.
But if you want to go deeper and work on your money mindset and understand the philosophy behind money, then books are your best friend. Reaching financial freedom can truly change your life. And to be able to do that, you will need to work on a deeper level. Because we haven’t been taught much about money when we were kids. Sad, but it is true.
So in this post, I am sharing the best personal finance books that will teach you more about money. These books will help you understand why you see personal finances as you do. They will also teach you how to change that perspective to gain more financial freedom and live the life you dream of. So here are some of the best personal finance books that every woman could benefit from:
#1: Rich dad poor dad:
BY ROBERT KIYOSAKI
Rich dad poop dad is about Robert Kiyosaki and his two fathers. One is his real father (Poor Dad) and one is his best friend’s dad (Rich dad). And in this book he shares how both his fathers have shaped his thoughts about money.
One of the best quotes from the book is:
“Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.”
And that’s why it is so important to educate yourself about how money works and how to invest, how to save. This book will teach you the importance of educating yourself about money. And you will realise how little you have been taught about money. It also tells you how rich people do not work for money but make money work for them.
And when you learn about this perspective, you understand the importance of building wealth and working on building assets. You will understand that there is a difference between being rich and being wealthy.
#2: I will teach you to be rich:
BY RAMIT SETHI
In this book, Ramit Sethi will teach you how to earn more, save more money and be rich. Unlike the frugal tips we often see on Pinterest, he doesn’t ask you to cut down on your coffee expenses. He says to live extravagantly and do things that bring you joy and to cut down on other things. So if getting coffee everyday is your thing, do it.
But if you want to be rich, you need to invest and you need to start as early as possible. This book will teach you the power of designing your rich life. This book will also change your perspective on what you consider rich. And how important it is to define what having a good life and being rich means to you.
#3: Total money makeover:
BY DAVE RAMSEY
This is perhaps one of the most popular and best selling personal finance books that there is. And Dave Ramsey is a well known name in the world of finance. In this book he goes over how to make a perfect 7 step plan to pay off your debts and why it is so important. He also talks about the importance of having an emergency fund and how to save for one.
I highly recommend this book, even though it’s quite old but it’s still relevant and with some tweaks, you’d be able to make a budget and a financial plan for yourself.
#4: Prince charming isn’t coming:How WOMEN GET smart about money
BY BARBARA STANNY
Another good one that teaches women the importance of managing their own money. It talks about how women often shy away from learning about money and taking their finances in their own hands. And how we need to educate ourselves about money and about various investment options instead of waiting for a prince charming to come and rescue us financially.
It’s filled with real life stories and practical tips on managing money and is the next best thing to having your own personal finance coach.
#5: The art of moneY: A life changing guide to financial happiness
BY BARI TESSLER
I highly highly recommend this book if you have not had a good relationship when it comes to money. This book will take you through a lot of topics covering money healing, money maps and money practices. Bari talks about her own journey in detail. She shares how we all have journeys when it comes to money and how the potholes and our experiences along the journey shape how we see money. And usually, we aren’t given any roadmaps because it is still a topics that’s not talked about as openly.
She also shares money maps that will create a path to your desired future and focuses on how we keep refining and reshaping our personal growth as we continue our journey.
#6: Simple path to wealth:
BY JL COLLINS
If you want a book that explains in the most simplest of language how you can make money work for you and not against you, then this book is for you. Collins shares the most basic concepts and gives you a toolkit to achieve financial freedom. This book talks about how money can buy you freedom and also talks about things like stocks, investing and debt. It also will talk about diversifying your portfolio and how it allows you to take risks. So in short, if you are looking to gain a basic understanding of how everything works, this is the book you should go for.
#7: Millionaire next door:
BY THOMAS J. STANLEY and WILLIAM D.
This books talks about how we develop specific attitudes and behaviours about money depending on what we have learned from our parents. And how these attitudes and behaviours determine whether we will be wealthy or not. He also talks about what principles rich people or millionaires have about money, so that you can adopt them too.
He shares how Millionaires don’t often have very lavish lifestyles like you see in movies, but they are careful and smart with their money so that they can maintain their affluence. It talks about how people are financially independent understand that their independence is far more important than being flashy and having a social status.
#8: The magic of thinking big:
BY DAVID J. SCHWARTZ
This books shares how to get the most out of your job, your marriage and your life. It’s not all about money but about self belief and confidence too. David says that success always comes down to how you think and focuses on the importance of having the right mindset. And how everything begins with believing in yourself. How successful you are is determined by the size of your own thinking. It also goes into details of how to build confidence, destroy fear and of course how to think big.
#9:4 hour work week:
BY TIM FERRISS:
So I have saved my favourite one for the end. If you are tired of your 9 to 5 too, then this book is for you. This is for people who are tired of postponing their life till retirement and focuses on how to live large and live in the moment instead of waiting. Tim shares how people often mistake being efficient with being effective and how 20% of the work you do brings 80% of the results. It will change the way you look at your work and will teach you to focus on things that actually matter.
He also talks about the importance of validating every idea you get because you never know which of your ideas will turn your life around. No matter how silly a business idea may sounds, ask around to see if it is something that you need to give more thought to.
And lastly, the most important lesson that this book talks about is charging a premium to need less clients. Let’s say you make an ebook and price it at $10, you’d need 100 sales to makes $1000 dollars. But, if you charge $20, you’d only need 50 people to buy the book to make the same money.
And charging a premium really works because the most difficult part of selling something is often convincing people to buy from you. The price at which you sell doesn’t make much of a difference and makes life easier for you. Think about it when you are making your next digital product. I know I will.
There you go. 9 financial books that will help you get rich. I know it’s not easy but what you need is a budget, good money habits and a plan. you will get there. I believe in you. Let me know which of these books have you read or have been wanting to read?
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