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Achieving financial freedom is a goal that many people strive for. Well, pretty much everyone.
But how do you get there? And what is the best path? These books on financial freedom will give you the maps, blueprints and tips on how to change your financial life.
Books for financial freedom come in many different forms, from beginner’s guides to advanced investment strategies.
Some focus more on general money management and others on how to get rich.
But they all give you knowledge and tools you need to make informed investment decisions and achieve your financial goals.
Best of all, if you feel like you don’t have time to read, you can get these books in audio format and listen on your drive to work!
In this article, we have researched several books about financial independence to identify the ones we think provide the most value.
Below is some information on each book based on its content, author, and overall usefulness. Pick your favorites and get started on using money to create the life you want!
Our Favorite Financial Freedom Books
Are you looking to take control of your finances and achieve financial freedom? Look no further than these top picks for books on personal finance.
From practical advice on budgeting and saving to strategies for investing and building wealth, these books offer valuable insights and actionable steps to help you reach your financial goals.
Check out our roundup of the best books for financial freedom below. You can also check out these best books about passive income.
1. Rich Dad Poor Dad: 20th Anniversary Edition
If you’re looking to improve your financial literacy, Rich Dad Poor Dad by Robert T. Kiyosaki is a must-read.
Rich Dad Poor Dad: 20th Anniversary Edition is a book that teaches you how to think like the rich and challenges conventional financial wisdom.
Kiyosaki uses personal life stories to explain complex financial concepts, making it easy for anyone to understand.
He explains how you should view money by talking about growing up seeing how his dad, “poor dad” and his best friend’s dad, “rich dad” differed in their approach to money.
Kiyosaki breaks down how and why his dad never had enough money even though he worked hard all his life. And, what he learned from watching his best friend’s dad who lived a much richer life than they did.
He teaches you how to use money as a tool to make more money and not live your life paycheck-to-paycheck.
My favorite key takeaway from the book is that Robert says that rich people acquire assets whereas the poor and middle class get liabilities that they think are assets. Changes how you think about things!
Probably one of the most well known personal finance books out there, it will give you some ideas on how to start reaching financial independence.
It might be considered by some to be old school as it has been around for so long, but it is still a personal finance gem.
Pros
- Teaches you how to think like the rich and challenges the way most people think about money
- Uses personal real-life stories to explain complex financial concepts
- The audio version is narrated by Tom Parks, making it easy to listen to on-the-go
Cons
- The book can be repetitive at times
- The author’s tone may come off as arrogant to some readers
- The book may not offer much new information for experienced investors
For anyone looking to improve their financial literacy, Rich Dad Poor Dad: 20th Anniversary Edition is a great place to start.
Check out this full review of the book.
2. The Psychology of Money
If you’re looking for a book that explores the complex relationship between people and money, “The Psychology of Money” by Morgan Housel is a great choice.
It is a great book for anyone who wants to gain a deeper understanding of their relationship with money. The book is actually a collection of short stories, designed to show how people think about money.
The author explores topics like the importance of time, the role of luck, and the dangers of greed, all of which are important for anyone who wants to achieve financial freedom.
Pros
- The book provides timeless lessons on wealth, greed, and happiness that are applicable to anyone, regardless of their financial situation.
- The author, Morgan Housel, is a seasoned financial writer and provides a unique perspective on the topic.
Cons
- The book may not be best if you are looking for specific investment advice or detailed financial strategies.
- Some readers may find the book to be too general and lacking in actionable advice.
Overall, “The Psychology of Money” is a highly recommended read for anyone who wants to gain a better understanding of their relationship with money and how it affects their life.
3. Get Good with Money: Ten Simple Steps to Becoming Financially Whole
If you’re looking for a comprehensive guide to help you take control of your finances, then “Get Good with Money” by Tiffany the Budgetnista Aliche is definitely worth checking out.
Tiffany has her on story on how she fell into a financial hole and the steps she used to get out which she shares.
In this book, she details how she learned about money and gives you a 10 step proven path to getting financially whole.
The book comes with additional resources like checklists and worksheets. In addition, it features helpful advice from other experts.
Pros
- The book offers practical and actionable advice that is easy to understand and use, making it a great resource for anyone looking to improve their financial situation.
- Has real-life examples and personal anecdotes that help to illustrate the concepts and make the book more engaging and relatable.
- The audiobook version is narrated by the author herself, which adds a personal touch and makes it feel like you’re having a conversation with a friend.
Cons
- Some readers may find the book to be too basic if they are already well-versed in personal finance and budgeting.
- The book focuses primarily on the basics of budgeting and saving, so if you’re looking for more advanced investment strategies or tips for building tangible wealth, you may need to look elsewhere.
Overall, if you’re looking for a practical and accessible guide to help you take control of your finances, Get Good with Money is definitely worth a read (or listen).
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4. Pillars of Wealth: How to Make, Save and Invest Your Money
As the title indicates, this book will give you a lot of helpful money tips. If you’re looking to achieve financial freedom, “Pillars of Wealth” by David M Greene is a great resource to have in your library.
This book is packed with valuable information on how to make, save, and invest your money to start living the life you want.
David Greene, the author, is well-known in the real estate investing world, and he brings his expertise to the table in this book.
It is also worth noting that the book is published by Bigger Pockets which is a well-known podcast by experienced investor Brandon Turner.
The Bigger Pockets website is definitely worth looking at if you want to learn more about creating money. It has educational blog posts, books, webinars and even an investment analyzer tool.
The “Pillars of Wealth” covers a lot of ground, including topics like budgeting, saving, and investing.
However, the book’s main focus is on real estate investing and how to make more money using it. If you are interested in real estate investing, this book is a must-read.
David Greene breaks down the process in an attainable way, making it easy to understand and follow along.
He also provides practical guidance on the processes involved in real estate investing, which is incredibly helpful for those just starting out.
Pros
- Provides foundational principles needed to achieve financial independence
- Breaks down real estate investing in an attainable way
- Practical guidance on real estate investing processes
Cons
- Some readers may not be interested in real estate investing
- Some concepts may be repetitive for experienced investors
5. The Black Girl’s Guide to Financial Freedom
If you’re looking for a practical guide to help you achieve financial independence, “The Black Girl’s Guide to Financial Freedom” is a great choice.
This book can help you learn how to build wealth, retire early, and live the life of your dreams. Paris Woods, the author, shares her own journey to financial independence and provides actionable steps that readers can take to achieve their own financial goals.
In the book, Woods emphasizes the importance of eliminating debt and building wealth through smart investments. And also how financial freedom changed her life.
She also offers advice on how to negotiate for higher pay and do things like start a side hustle to make more money. In addition, the book details how to create a budget that works for you and gives tips to save money.
Pros
- Practical advice that can be easily applied
- Space to write down your goals and track your progress
- Educational and motivational
Cons
- Debt elimination approach may be challenging for some
- May not offer new information for those already well-versed in personal finance
- Title may deter non-Black readers from picking up the book (but it shouldn’t!)
Overall, The Black Girl’s Guide to Financial Freedom is a great choice for anyone looking for practical advice and motivation to achieve financial freedom.
6. Financial Freedom with Real Estate Investing: The Blueprint To Quitting Your Job With Real Estate – Even Without Experience Or Cash
If you’re looking to quit your job and change your financial future through real estate investing, this book by Michael Blank is definitely worth reading.
If you’re a beginner looking to make money with real estate investing, this book is an excellent resource.
It provides a comprehensive step-by-step path to achieving financial independence through real estate, even if you have no prior experience or cash to invest.
The book is packed with actionable advice and practical wisdom, and includes an online companion course as a bonus.
Here are some things you will learn from the book:
- How to raise all the money you need to do your first deal.
- How to get your offers accepted even if you’re new to the game and lack proof of funds.
- How to analyze deals and make offers quickly.
- The #1 way to find the best deals.
One potential downside of the book is that some readers may find the content overwhelming, as there is a lot of information to absorb.
Additionally, the book focuses primarily on multi-family investing and may not cover other types of real estate investing in depth.
However, if you’re looking to get started with multi-family investing specifically, this book is a worthwhile purchase.
Pros
- Provides a step-by-step blueprint for achieving financial independence through real estate investing
- Offers actionable advice and practical wisdom for beginners looking for a way to make passive income
- Includes an online companion course as a bonus
Cons
- Some readers may find the content overwhelming and need to take breaks to absorb the information
- Focuses primarily on multi-family investing and may not cover other types of real estate investing in depth
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7. The Millionaire Next Door: The Surprising Secrets of America’s Rich
“The Millionaire Next Door” is a must-read for aspiring millionaires. This book by Thomas J. Stanley provides valuable insights into the habits and characteristics of millionaires in America.
It reveals that many millionaires are just ordinary people who live frugally and invest wisely. My favorite quote from the book which is eye-opening is “Wealth is not the same as income.”
If you’re willing to put in the time and effort to learn about creating wealth, The Millionaire Next Door is an excellent resource.
The book covers a ton of helpful topics, from the importance of saving and investing to the value of living below your means.
One of the strengths of The Millionaire Next Door is that it challenges common misconceptions about the lifestyle of millionaires.
The authors show that many millionaires drive used cars, live in modest homes, and avoid flashy purchases. And in some cases they got rich slowly.
This perspective can be eye-opening for anyone who believes that wealth is all about material possessions.
While some of the information in the book may be outdated, the core principles of generating wealth are still relevant.
Pros
- Provides actionable advice on how to build wealth and master money
- Offers a unique perspective on the lifestyle of millionaires
- The audiobook is narrated by Cotter Smith, who delivers an engaging performance
Cons
- Some of the information may be outdated
- The content may not be suitable for those looking for a get-rich-quick scheme
The Millionaire Next Door emphasizes the importance of hard work, discipline, and smart financial decisions. If you’re looking for a practical roadmap to financial independence, this book is well worth your time.
8. Personal Finance QuickStart Guide
If you’re looking for a beginner’s guide to personal finance that will help you eliminate financial stress, build wealth, and live the life you’ve always wanted, the “Personal Finance QuickStart Guide” is a great option.
It even comes with budget spreadsheets and other helpful financial digital tools. Written by Morgan Rochard who is a certified financial advisor.
The book teaches about many lessons about financial subjects including:
- Credit scores and repair
- The difference between good debt and bad debt
- How to change money habits
- Saving for retirement
Pros
- The guide is easy to understand and written in a conversational tone.
- The author Morgan Rochard covers a lot of topics, including budgeting, saving, investing, and retirement planning.
- It provides practical advice and actionable steps to help readers make real progress in their financial lives.
- Comes with budgeting spreadsheet and other helpful digital financial documents.
Cons
- The book may be too basic for readers with more advanced knowledge of personal finance.
- The book is only available in paperback format so you can’t listen to an audiobook version.
9. The Total Money Makeover
Everyone knows by now who Dave Ramsey is! A well-known speaker and New York Times bestselling author, he is a respected financial coach.
Dave Ramsey has his own personal story about how he lost everything but worked his way back into financial freedom. The New York Times bestselling author now has a net worth of $200 Million! You can read his full story here.
The book helps you learn the right way to approach money management. It is not so much about how to make money, but more how to handle it the right way.
And, Dave Ramsey is very focused on not get getting yourself into debt. Maybe too focused as some experts use debt to make money as you can see in the real estate investment examples of others.
Here are some lessons you’ll learn if you reach this book cover to cover:
- How to create a plan for paying off all your debt–from your cars to your home and everything in between
- Break bad habits and make lasting changes when it comes to your relationship with money
- Understand the 10 most dangerous money myths
- Build an emergency fund and nest egg and set yourself up for retirement
- Become financially healthy for life
Pros
- Teaches you the debt snowball method for eliminating debt
- Talks about emotional issues as well as mathematical when it comes to money
Cons
- Not focused on making money so much as handling
- Very focused on the importance of avoiding mounting debt and on how to eliminate it
10. Financial Literacy for Young Adults Simplified
If you’re a young adult who wants to learn about financial literacy, the “Financial Literacy for Young Adults Simplified” book might be a good choice for you.
The author Raman Keane book uses real-life examples and practical tips to help you manage your money effectively.
It covers topics like budgeting, saving, investing, and debt management. All the usual accepted wisdom on personal finance.
Each chapter includes clear explanations and practical examples to help you apply the concepts to your own life.
One thing I like about the book is that is also emphasizes the importance of setting goals, staying motivated, and surrounding yourself with supportive people.
I wish I had learned about money when I was a young adult! I wasted a lot of time and a lot of precious years I could have used to change my financial situation.
Pros
- The book is concise and straight to the point.
- The author uses simple language to explain complex financial concepts.
- Provides practical tips for managing, saving, and investing money.
Cons
- The book is relatively short, so it might not cover all the financial topics you’re interested in.
- Doesn’t provide in-depth analysis or case studies.
11. Financial Freedom: A Proven Path to All the Money You Will Ever Need
If you’re looking for a comprehensive guide to achieving financial freedom, this book by Grant Sabatier is an excellent read.
Author Grant Sabatier is certainly one to take advice from as he has proved he knows how to make it. At the age of 24, he only had $2.26 in his bank account!
But 5 years later he has a net worth of $1.2 Million and CNBC began calling him the “Millennial millionaire.”
The book specifically teaches that spending decades working and retiring at the normal age is not something you have to do.
Not only does he teach you how to make more money, but also teaches some basics like how to save money.
Pros
- Offers a proven path and step by step tutorial that is easy to understand and follow.
- The author uses his own experiences as the millennial millionaire and ways that he reached financial independence to teach the reader.
Cons
- Some of the advice given in the book may be oversimplified and not applicable to everyone’s unique financial situation.
Final Thoughts
From inspiring stories to practical tips, these financial freedom books are packed with helpful, life-changing information.
Start educating yourself today and don’t waste any more time (or money!)