There’s nothing like sitting home, feet up, no noise and reading a good book.
But what if the book you were reading was teaching you how to get your personal finance in order and creating wealth like you have never imagined to be possible. What if the bok you were reading was teaching you about money so that you can get a better understanding of how to truly make money work for you? What if the book you were reading was helping you frame and change your state of mind when it comes t acquiring wealth.
I rounded up 8 of the best personal finance books that I have read so far that offer a great amount of knowledge on wealth and money. Here they are:
Richest Man in Babylon – George S. Clason
This is a great parable that makes the message so much powerful. George S. Clason states that you only get rich if you pay yourself first, before you do anything. He goes on to recommend that you need to save 10% of your income if you want to be wealthy, (personally, I believe you can save more than 10%). The story was not only interesting and easy to read, but for me it was amazing.
2. Rich Dad Poor Dad – Robert T. Kiyosaki
This was the first book I read when starting my journey and as soon as I finished reading this book, I was even more compelled to read more on finance. In this book, Robert T. Kiyosaki was able to bring together the distinctive factors between his father who was a highly educated man and had gone through everything society had expected of him, however he was still poor and struggling financially. His other father, who was a college dropout, became a self-made millionaire by creating his own businesses and working smart. This book was an eye opener for me as it made me focus on the people closest to me in my life. It made me question, are these people in my life like rich dad or poor dad? This is a must read if you want to acquire true wealth while you are young. It pinpointed the four “quadrants” of the different classes of people in society and what you need to do to elevate your life to a successful one.
3. Unshakeable – Tony Robbins
This was the first Tony Robbins book I read, and I was very impressed. For me, he built on the main principles that he covered in Money Master the Game (which I also read) and offers the reader valuable points on how to protect your investments, different investment options as well as the advantages and disadvantages and how to maximise wealth to become financially free. He compared the stock market to seasons in nature and that when it “rains” there will always be sunshine at the end of it. This book is a detailed plan on how to survive and thrive through the stock market and be on the road to acquire the wealth you want.
4. Secrets of the Millionaire Mind – T.Harv Ecker
Are you poor or are you rich? According to author and millionaire T.Harv Ecker he says that a poor person is only poor because they think poor and a rich person is rich because they think that way. He states that it all starts with your mindset. What I loved most about this book is that Ecker says that why 99% of people in the world are poor is because they have been programmed to think this way about money and continue to program their children to think poor, by providing them of a worldview of what society thinks about money.
5. GOALS – Brian Tracy
Brian Tracy’s GOALS was exactly what it said. What I loved most about this book is that it didn’t just cover financial wealth, but he talked about everything, which consisted of health, family life, personal development, mindset, your career life and so forth. He made me realise that there were several different factors that you needed to achieve in your life so that you can be successful. Tracy explained the 12 necessary steps to set and accomplish goals of any size. He explained how to over power obstacles, respond to challenges and how to find your true value.
6. The Top 10 Habits of Millionaires – Keith Cameron Smith
Keith Cameron Smith elaborates 10 key habits that stimulate the mindset of a millionaire. He arranged the habits based on his own experiences as an entrepreneur as well as the successes and failures of other millionaires. This book is not only straight forward and to the point, but it is also one that can help you transform your thinking and habits to mimic those who have already experienced and acquired what it means to be wealthy. Many people have different prophesies on what it means to be a millionaire, but Smith believes that it will always start with your state of mind. What you believe about money has everything to do with how much money you will make.
7. Money: Know More, Make More, Give More – Rob Moore
In this book, Rob Moore gives a detailed account on what money really means. He states that in order to become financially wealthy and win the “money game”, you first need to understand it, because you cannot acquire something that you do not understand. What does it mean to have money? Many people simply do not know and fail to expand on their knowledge about this subject. Moore explains the rules of the game and shares tricks on how to manage money better, how to create long lasting wealth and the best ways of becoming a millionaire. He states that once you have a key understanding about money you will be able to know more, make more and give more.
8. Think and Grow Rich – Napoleon Hill
Now this one is the big daddy when it comes to personal finance books to read. It covers 13 steps that Hill studied for over 20 years based on mentors and other millionaires. Hill explores how to build wealth from a psychological viewpoint first and exaggerates that it will always start with a “burning desire” which will then motivate you each day to accomplish your goals.