There are numerous financial literacy books and audio out there. To help you decide, we bring you our top 7 recommendations on personal finance books for beginners.
Books are amazing sources of knowledge, inspiration and entertainment. They can teach you new skills, open your mind to new perspectives and challenge you to grow as a person. And the best part is that they are very affordable compared to other forms of education or entertainment. You can get a lot of value for little money if you invest in (audio) books.
We have selected seven books on financial literacy that we think are essential for anyone who wants to improve their financial situation and create more abundance in their life. These books cover different aspects of money management, investing, mindset, and entrepreneurship. They are all written by experts in their fields and have been proven to work for millions of people around the world.
Here are our top 7 books about financial literacy:
1. “Rich Dad Poor Dad” by Robert Kiyosaki
This is a classic book that has changed the lives of millions of people around the world. It tells the story of Robert Kiyosaki and his two fathers: his biological father who was poor and his best friend’s father who was rich. He compares their different views on money, work and education and shows how they influenced his own financial journey. He also explains the difference between assets and liabilities, passive income and active income, financial literacy and financial intelligence. This book will help you understand how money works and how to make it work for you.
2. “The Richest Man in Babylon” by George S. Clason
This is another timeless classic that teaches the ancient secrets of wealth creation through simple stories set in ancient Babylon. It reveals the universal principles of money management that anyone can apply today, such as paying yourself first, living within your means, investing wisely, diversifying your portfolio, increasing your earning ability and protecting your wealth from loss. This book will help you build a solid foundation for your financial success.
3. “Think And Grow Rich” by Napoleon Hill
This is one of the most influential books ever written on personal development and achievement. It is based on Napoleon Hill’s research on over 500 successful men (and women) who shared their secrets on how they became rich. He distilled their common traits into 13 principles that anyone can use to attain any goal they desire, such as desire, faith, persistence, imagination, decision-making etc. This book will help you develop a positive mindset that attracts opportunities and resources to you.
4. “The Millionaire Next Door” by Thomas J Stanley & William D Danko
This is a fascinating book that reveals the surprising habits of America’s wealthy people based on extensive research data collected over 20 years. It debunks many myths about millionaires such as they inherit their money or spend lavishly or have high-paying jobs etc. It shows that most millionaires are actually self-made individuals who live below their means, save diligently, invest prudently, and avoid debt. This book will help you adopt the lifestyle habits that lead to long-term wealth accumulation.
5. “Lean In” by Sheryl Sandberg
This is a powerful book for women who want to achieve more in their careers and lives. Sheryl Sandberg is the chief operating officer of Facebook and one of the most influential women in business today. She shares her personal experiences as well as research on gender inequality in the workplace and society at large. She encourages women to lean into their ambitions, challenge stereotypes, and pursue their dreams.
6. “Worth It” by Amanda Steinberg
Another must-read for women. Amanda Steinberg outlines the essential financial information women need and gets to the bottom of why women are stressed and anxious when it comes to their finances. She makes money relatable while sharing strategies she uses herself to build confidence and ease in her own financial life. With this book, she helps women face their financial situations head-on and wake up to the prosperity that awaits them.
7. “Shoe Dog” by Phil Knight
In his biography, Nike founder, Phil Knight, takes us on his journey with all the ups and downs, in his personal life as well as in business, and what it took to create a company as successful as Nike. Written in a relatable and capturing way, he gives hope and motivation to everyone struggling to get their own business off the ground.
These are some of the great books about finances that we highly recommend reading if you want to become a Money Magnet like us. Remember: knowledge is power but only if you apply it. So don’t just read these books but take action on what you learn from them. That’s how you will see real changes in your bank account.
