We are all looking forward to boosting our income, start a new venture, or simply improve our financial literacy. The journey to financial success often begins with the right knowledge and inspiration. Books can be powerful tools, offering tried-and-true strategies, valuable insights, and the motivation you need to take control of your financial future.
In this post, I have compiled a list of the five best books on how to make
more money. Whether you're just starting out or looking to refine your
financial skills, these books cover everything from personal finance and
investing to building wealth and achieving financial independence. Dive in and
discover the wisdom that has helped countless people transform their lives and
achieve their financial goals.
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1."Rich Dad Poor Dad" by Robert T. Kiyosaki
Rich Dad Poor Dad is a 1997 book published by Robert T. Kiyosaki and Sharon Lechter, according to Wikipedia.
It promotes the significance of financial intelligence (financial IQ), financial literacy (financial education), financial independence, and wealth accumulation via asset and real estate investing, business startup and ownership, and investing in assets.
In this timeless book, the author's two "dads"—his biological father and the father of his closest friend—display different financial mindsets.
Kiyosaki places a strong emphasis on the value of financial literacy, asset investing, and knowledge of how money functions.
From the book, the three Takeaways are:
- Give asset development the first priority.
- Recognize the difference between obligations and assets.
- The importance of financial literacy.
2."The
Millionaire Next Door" by Thomas J. Stanley and William D. Danko
There is a question that nearly
every person who is breathing asks him/herself. "Why aren't I as wealthy as I should be
or like so and so?" This is a question that a lot of us frequently ask ourselves.
We are frequently well educated, industrious, middle-class to upper-class
individuals. Why are there so few wealthy people? This question that has been
asked for a very long time has been answered by
this bestselling book “The Millionaire Next Door”:
- Millionaires pay a
tiny if any fraction of their wealth in taxes.
- The millionaires raise their children who have no idea of their family’s wealth until they are adults.
- They do not live in luxurious lifestyles like the middle class do.
·
· 3."Your Money or Your Life" by Vicki Robin and Joe Dominguez
This is one book that really changed my life. I don’t know
why I have not listed it as number one above but generally this list is just a
random list with no priority given. I read this book twice and I would say for
sure that I will still have time to read it again. The book is written by Joe Dominguez and Vicki
Robin. One thing I loved is that life isn't meant to be wasted working forty or more hours a week
for the rest of your life in order to accumulate enough money for material
goods. As soon as you understand this, you can live on less and take an early
retirement.
- Pay off debt and accumulate savings
- Try to consistently cut your living expenses and lower the line on your graph by tracking them on a graph.
- Transform your relationship with money.
4."Think and Grow Rich" by Napoleon Hill
Think and Grow Rich is
a 238 pages’ book written by Napoleon Hill and Rosa Lee Beeland and was released
in 1937. It is a non-fiction book promoted as a personal development and
self-improvement book.
He claimed to be
inspired by a suggestion from business magnate and later-philanthropist Andrew
Carnegie. Hill's principles have inspired countless
entrepreneurs and successful individuals.
Everyone is got to read
this book at least before they leave earth. So many sufferings that we
encounter have been solved in this book. What I personally love about think and
grow rich is that, it is more than its title and suitable for persons of all
ages and agendas be it you looking for riches or not. nothing can truly change
in our lives if our minds do not change. In just short words, this book is WOW.
From the book, the major Takeaways include:
- Develop a strong desire for success.
- Cultivate a positive mental attitude.
- Practice persistence and faith.
5. "The
Total Money Makeover" by Dave Ramsey
The Total Money
Makeover is a 237 pages book and is a Proven
Plan for Financial Fitness and personal finance . The book is written by Dave
Ramsey and was first published in 2003. An updated edition was published in
2007 and 2013. It proposes methods of getting out of debt, staying oout
of debts and the myths about money.
I only wish I had
discovered this plan when I was in my 20's.
It came too late for the investing and growing into millionaires, but it
solved our problems for a better retirement.
Don't make our
mistakes! get into this while you're
young!
From the book, the major Takeaways include:
- Get out of debt.
- Save for emergencies.
- Invest for the future.
You can get the information and
techniques required to raise your income and accumulate wealth by reading these
books. This resource is suitable for all levels of experience, from beginners
to those seeking to improve their financial acumen.
I hope you like reading, and best of luck with your finances!
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