To start, a book needs a clear and consistent message from the beginning – whether it encompasses the idea of passive income or eliminates the financial disorder in your life. The truth is that clarity is key to optimize the reader experience.
Unfortunately, the message, clarity, and the path to a positive outcome are scarce in today’s personal finance books. Frequently, marketing-oriented promotional propaganda and recycled ideas reach the top of Amazon’s best-selling book lists, with some exceptions. In addition, the objective is not to improve the user’s financial experience, but to make the author the star.
There are some exceptions to the rule: personal finance books that live in the real world, have a great message, take the reader on the path of wealth creation and do so in a clear, concise, and convincing way.
I will show you some books that have made an impact on my life. It’s amazing that you can change your relationship with money substantially by reading a few pages. It is also true that not all the books I have read can be classified in the group of masterpieces, however, there are books that have changed my way of being and left a positive impact on my financial development.
“A formal education will make you a living; self-education will make you a fortune.” —Jim Rohn
It’s time to start successfully managing your money! Here are the top 5 personal finance books of all time…
1. Rich Dad Poor Dad
Rich Dad Poor Dad is one of the most famous books in the financial field and the ideal to take the first step in personal finance.
Its Author Robert Kiyosaki who tells his personal story and takes the example of his parents. The book teaches us the different positions we can take against money.
On the one hand, we have a man who believes in the principle of studying and then getting a good job and on the other hand we have an Entrepreneur.
History shows us different perspectives and lets us see how the decisions we make can have a great impact on our lives. If you don’t know what the difference between liabilities and assets is, this book will help you understand these concepts. A book rich in content and entertaining for the reader.
“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, Rich Dad, Poor Dad
2. The Richest Man in Babylon
Loved by millions, this timeless classic is the key to everything you want to achieve and reveals the secret of personal wealth. The book is a work of inspiration. The author, By George S. Clason, transcends the book into a story with many examples.
A story that teaches us the laws that lead to financial freedom through enjoyable, simple and affordable language for all.
The Richest Man in Babylon an easy and pleasant read. Beyond which the story takes place in ancient Babylon, all the principles mentioned are universal and applicable in today’s world. A timeless and educational book for all of us.
“In those things toward which we exerted our best endeavors we succeeded.” ―George Clason, The Richest Man in Babylon
3. The Total Money Makeover
The Total Money Makeover is written by American personal finance guru Dave Ramsey. The author presents a financial plan of action called seven baby steps. As he says every step will change your life and your personal finances.
I don’t know if it will be so radical, but I certainly believe it will mark an important milestone in your financial behavior. Unlike other great exponents, Dave is a big debt detractor, therefore it is a major theme in this book.
Inviting the reader to take steps to build each other, Dave understands how difficult it is to put these steps into action, therefore, he completely fills his book with personal testimonies of ordinary people who have used his system and become debt-free. This book is a perfect finance guide for the busy entrepreneur.
“Act your wage.” ―Dave Ramsey
4. The Millionaire Next Door
Written by Thomas J. Stanley and William D. Danko, this book is rich in information with an overview and insightful examples of financial habits. The authors are based on 20 years of research and build the image of a typical American millionaire.
They show us that millionaires are the opposite of common belief. Basically, the book talks about who the “normal millionaires” are and dismantles the image society might have of large mansions and luxury cars.
The main argument is that one of the parties becomes rich living far below their means: these are people who do not seem millionaires and live in modest neighborhoods.
There are also those with high-paying jobs, such as, lawyers, doctors, etc., that give into social pressures and try to live beyond their means. They feel forced to waste their money living in neighborhoods of luxury and driving unpayable cars.
This book leaves the reader with a powerful message about people and their financial habits.
“Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.” ―Thomas J. Stanley, The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
5. Secrets of the Millionaire Mind
The Secrets of the Millionaire Mind is worth the read because just like the previous ones, the writer, T. Harv Eker, helps us discover our money pattern. This money pattern is rooted in our subconscious and determines the quality of our financial life.
In the book, you will find comparisons between the thinking of poor people and rich people. The central idea presented is that we have a “set point” for wealth, and we need to break our habituation if we are to succeed. A powerful read for all levels of income.
“Rich people are committed to being rich. Poor people want to be rich.” —T. Harv Eker, Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth
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