When you're ready to get your finances right, you may find yourself wanting to take in all of the information. You want to read personal finance books, check out every blog post, listen to every podcast.
Learning about personal finance is not something that happens overnight. It's like reading, you start by learning the ABC's, then you build up to chapter books. By the time you are 20, you're not thinking about sight reading, it just happens automatically.
Just like reading, immersing yourself in the building blocks of personal finance is so important. The more you take in, the better you'll understand the basics. Then you'll start naturally implementing the tactics and before you know it, you'll habitually make good financial choices.
So today, I want to give you the three best books that I've read on personal finance. These books really changed my outlook from financially average to financially savvy.
I will Teach you to be Rich by Ramit Sethi
I love this book for the step by step approach to personal finance. Ramit gives you each actionable step, and a gazillion resources to help you actually put into place a financial system that works. Ramit even manages to fit some humor into his writing, to break up the numbers chat!
If you're a W-2 salary employee, there's really no better resource to give you a financial set up that works for you. If you're an independent contractor or work an hourly job, Ramit still gives great advice, and helps you adapt from the W-2 system.
The Millionaire Next Door by Thomas Stanley & William Danko
If you think you have good financial habits, this book really challenges you to be even better. It shows you exactly how and what to purchase to make the most out of your existing income level. Also, it explains how regular people can build wealth over time, even with the most modest of incomes.
I love how this book holds the humble millionaire in high esteem. It teaches you to live in a way which you seek happiness not in having the biggest and flashiest of everything, but instead in achieving financial peace by living within your means.
Rich Dad, Poor Dad by Robert Kiyosaki
This one is a classic “get your mind out of the financial gutter” book. Robert's discussion of assets versus liabilities has changed many people's outlook on financial health. He says it many times that your money needs to work for you, instead of you working for your money.
Robert has gone on to teach hundreds of people to invest for income generation. If you can follow his philosophy and investment criteria, you can find ways to afford the things you want in your life: cars, houses, whatever you fancy.
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