Finally making the commitment to turn your financial situation around? We know all too well that changing your money habits for the better is no walk on the park. The good news is that you don’t have to do it alone. With a wealth of knowledge available at your fingertips, why not go straight to the experts for help?
The best books about money aren’t the ones that promise you’ll become a millionaire overnight . No, they’re the ones that deliver helpful advice on how to straighten up your act for the better. Here in no particular order are five of the top reads available in bookstores today, with money advice that’s perfect for this generation of go-getters.
“The single most important factor to getting rich is getting started, not being the smartest person in the room” -Ramit Sethi, I Will Teach You To Be Rich
1. I Will Teach You To Be Rich by Ramit Sethi
Don’t be fooled by the title; this 2009 guide is a treasure trove of no-nonsense tips that will motivate even the laziest folks to plan for the future. Here Sethi does a fantastic job of taking the most intimidating topics and making them more approachable for amateurs. You don’t have to follow his ambitious six-week program to the letter, but a bit of extra motivation can’t hurt, right?
“Whatever your income, always live below your means”- The Millionaire Next Door by Thomas Stanley and William Danko
2. The Millionaire Next Door by Thomas Stanley and William Danko
If you’re a fan of hard facts and intensive research, this book is sure to hit your sweet spot. Backed by decades of data on the spending habits of U.S. households, The Millionaire Next Door makes for an eye-opening read on the fundamentals of personal finance and the pitfalls of lifestyle inflation. This goes to show that not every millionaire started out rich, nor do they stay that way forever.
“We buy things we don’t need with money we don’t have to impress people we don’t like.” -The Total Money Makeover by Dave Ramsey
3. The Total Money Makeover by Dave Ramsey
Looking for a crash course on how to tackle your debt head-on? Dave Ramsey has made a name for himself with his commonsensical tips on how to break your worst money habits. Think of him as the hardened financial coach you never had, with advice on everything from paying off your credit cards to saving for future emergencies.
“The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.” – Robert T. Kiyosaki,
4. Rich Dad, Poor Dad by Robert Kiyosaki
You’ve probably heard a number of your friends singing their praises about this book. Rich Dad, Poor Dad is one of the most widely-known personal finance books out there, and for good reason. While you may not agree with all of Kiyosaki’s principles, his book does lay down the stark differences between having a smart financial strategy and not having one at all.
“But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.” – Benjamin Graham,
5. The Intelligent Investor by Benjamin Graham
Ask almost any self-made success, and they will tell you that good investments are the key to hitting it big. But what if you know nothing about investing? This is where The Intelligent Investor comes in. This classic on value investing is a great introductory course on how to dip your toes in the stock market, with timeless wisdom that even Warren Buffett would appreciate.
See also: Money Management: 3 Ways to Control Your Finances
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