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4 Must-Read Books on Personal Finance and Wealth

personal finance Nov 08, 2020

Who wouldn’t want to have enough money to live comfortably – or even lavishly?  Unfortunately, winning the lotto, striking oil, or finding buried treasure isn’t likely to get you there anymore.  The good news is that anyone can become self-made with the right attitude and habits.  You can benefit from a helpful head start when you empower yourself with knowledge in personal finance.  Below, we outline four must-read books that can fast-track your journey to wealth.

The Millionaire Next Door by Thomas Stanley and William D. Danko

Often when we think of millionaires, we associate them with opulence, fancy cars, huge mansions, and a jet-setting lifestyle.  The authors of this book present evidence to the contrary.  They highlight the common earning, spending, and investing habits and behaviors of millionaires, which many may find surprising.  This book is a fantastic reality check for anyone who thinks a millionaire future is just a pie-in-the-sky dream.

Why Didn’t They Teach Me This in School? 99 Personal Money Management Principles to Live By, by Cary Siegel

It’s an unfortunate reality that our primary and high school education does little to prepare us for “adulting” where finance is concerned.  This book targets youth who want to learn about financial independence and responsibility.  Its goal is to teach you how to manage your money before your money (or lack thereof) ends up managing you.  Believe it or not, the author of this book retired at the age of 45.  Just sayin’!

You Are a Badass for Making Money by Jen Sincero

If reading isn’t your favorite activity, then this is the book for you.  Sincero casually presents crucial financial advice in the most entertaining and motivating way.  As the author’s personal story unfolds, she shares embarrassing habits and behaviors that prevented her from achieving wealth.  It’s funny, relatable, and inspiring.  Having reached success herself, Jen explains the easiest changes you can make to live the financial life of which you’ve always dreamed.

All the Money in the World by Laura Vanderkam

This one’s for the thrifty spenders or the financially-minded, if you will.  After all, not all of us have a problem with wasteful expenses.  In this book, Vanderkam explains how to get the biggest bang for your buck.  It’s not about how to save your money.  Instead, the basic idea presented is that you must first identify what you enjoy, value, or need most in life, then find the most effective ways to obtain those things with your money.  Yes, sacrifices should be made, but they can be traded for rewards, if done wisely.