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Living paycheck-to-paycheck is not fun. In fact it is miserable!
But, you can change your financial life and work towards financial freedom. One first step to changing your financial ife is to educate yourself.
Learn from others who have achieved wealth and practice what they preach. There may be ideas you haven’t thought of, steps you can take that you didn’t realize.
The point is, reading about what other successful people have done can help you find success as well.
The money books below will give you the maps, blueprints and tips on how to change your financial life.
These financial literacy books cover everything from how to manage your money, to how to invest it to build wealth.
But they all give you knowledge and tools you need to start changing your finances and your bank account.
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!
Best Money Books for Financial Literacy
Are you looking to take control of your finances, change your money habits and start building wealth? It starts with education!
From practical advice on budgeting money to strategies for investing and building wealth, these books about money will help you change your life.
Check out our roundup of the best financial literacy books. 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 and how you approach money, Rich Dad Poor Dad by Robert T. Kiyosaki is a must-read. And probably one of the most popular personal finance books around.
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 books about money 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.
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.
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. The 4-Hour Workweek: Escape 9-5, Live Anywhere and Join The New Rich
Written in 2007 by Timothy Ferris this is one of the more popular books about passive income.
It was on the NY Times Best Seller list for 7 years! The whole point of the book is to help you learn how to live more and work less.
You can find financial freedom and only work 4 hours a week if you want to!
Tim explains how he went form working 40 hours per week and making $40,000 a year, to making $40,000 a month working only 4 hours per week!
There are also case studies from readers and practical tips that you can leverage. The book gives you tips about running your life in general, not just your professional life which makes it a game-changer.
4. 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 to help you with your personal financial planning. In addition, it features helpful advice from other experts.
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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5. 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.
6. Passive Income Ideas Under $1,000
This book by Frank Coles shows you how you can start pulling in passive income each month in a continuous stream. It tells you everything you need to know about the options out there.
It tells about 101 different businesses and passive income ideas you can start, which can all be started for less than $1,000. The business are all given a risk score, launch and operations costs, difficulty and profit potential.
Some of the ideas include peer-to-peer lending, eBook publishing and blogging, but you can pick the best fit for you.
Combining his business ideas can help you escape the rat race and find financial freedom!
7. 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.
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.
8. 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.
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9. The Power of Passive Income
This passive income book was actually written by the staff of Entrepreneur Media and Nightingale-Conant, the world leader in self development.
Designed to get you out of the office cubicle for good, it will help you create a wealth-building plan that is long term.
It will help you identify multiple passive income streams and time-for-money models you can leverage. It helps you find a strategy for your goals to achieve a six-figure income.
If you are looking for a way out of the 9-5, this is one of the best passive income books to help you start planning.
10. The Real Estate Rulebook
Pam Brantley tells her personal story in this book about how she built wealth investing in residential real estate.
She gives advice on how you can become a real estate investor yourself and find financial independence. The book is not a get-rich-scheme but instead helps you find a long term approach to success.
Some of the tactics you will learn about include short and long-term investing, wholesaling properties, and building a portfolio of rental properties.
She even includes property management advice for more tactical information. Plus, Ms. Brantley details her own story on how she found financial success.
11. 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.
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.
12. 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
13. 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
14. 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.
15. 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.
Final Thoughts on PErsonal Finance Books
From inspiring stories to practical tips, these money books are packed with helpful, life-changing information about how to manage your money.
Start educating yourself about personal finance today and don’t waste any more time (or money!)
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