In 2018, found that 58% of Americans have less than $1,000 in savings in the bank. It gets worse: Over half of those people don’t just have less than $1,000 but $0! That’s bad.
Thankfully, there are a lot of good books to help us become financially smart.
Here are some of them.
1. RICH DAD POOR DAD
The #1 Personal Finance book of all time, “Rich Dad, Poor Dad” is a best-selling personal finance book that challenges traditional thinking about money and wealth.
It tells the story of two fathers – one who is financially successful, and one who is not – and uses their experiences to teach readers about the importance of financial education, entrepreneurship, and building assets.
The book is a great introduction to personal finance for beginners and a useful resource for anyone looking to improve their financial literacy.
2. THINK AND GROW RICH
A winning formula for money-making success- Napoleon Hill’s classic thirteen-step path to riches.
Napoleon Hill, America’s most beloved motivational author, devoted 25 years to finding out how the wealthy became that way.
After interviewing over 500 of the most affluent men and women of his time, he uncovered the secret to great wealth based on the notion that if we can learn to think like the rich, we can start to behave like them.
By understanding and applying the thirteen simple steps that constitute Hill’s formula, you can—achieve your goals–change your life, and–join the ranks of the rich and successfulIn this updated edition, Dr. Arthur R. Pell provides examples of men and women who, in recent times, exemplify the principles that Hill promulgated. With the success stories of top achievers such as Bill Gates and Steven Spielberg, he proves that Hill’s philosophies are as valid today as they were then.
If you’re looking to become the next Bill Gates, this is the book for you.
3. THE MILLIONAIRE NEXT DOOR
The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Most of the truly wealthy in this country don’t live in Beverly Hills or on Park Avenue-they live next door. This new edition, the first since 1998, includes a new foreword for the twenty-first century by Dr. Thomas J. Stanley.
4. THE TOTAL MONEY MAKEOVER
By now, you’ve heard all the nutty get-rich-quick schemes, the fiscal diet fads that leave you with a lot of kooky ideas but not a penny in your pocket.
Hey, if you’re tired of the lies and sick of the false promises, take a look at this-it’s the simplest, most straightforward game plan for completely making over your money habits. And it’s based on results, not pie-in-the-sky fantasies. With The Total Money Makeover: Classic Edition, you’ll be able to:
- Design a sure-fire plan for paying off all debt-meaning cars, houses, everything
- Recognize the 10 most dangerous money myths (these will kill you)
- Secure a big, fat nest egg for emergencies and retirement!
5. SECRET’S OF THE MILLIONAIRE MIND
In his groundbreaking Secrets of the Millionaire Mind, T. Harv Eker states, “Give me five minutes, and I can predict your financial future for the rest of your life!” Eker does this by identifying your “money and success blueprint”.
We all have personal money blueprints ingrained in our subconscious minds, and it is these blueprints, more than anything, that will determine our financial lives.
You can know everything about marketing, sales, negotiations, stocks, real estate, and the world of finance, but if your money blueprint is not set for a high level of success, you will never have a lot of money – and if somehow you do, you will most likely lose it! The good news is that now you can actually reset your money blueprint to create natural and automatic success
6. THE SCIENCE OF GETTING RICH
Wallace D. Wattles wrote “The Science of Getting Rich” in the early 1900’s, almost one century plus two decades has passed since then and the book has found its resurgence into our present time as people rediscovers his teachings.
Wallace had made swift declarations in his book that this is the ONLY book one needs to get rich. He even goes into saying that one should not read other books but simply focus their energy on the ‘energy work’ that this book requires.
7. I WILL TEACH YOU TO BE RICH
Personal finance expert Ramit Sethi has been called a “wealth wizard” by Forbes and the “new guru on the block” by Fortune.
Now he’s updated and expanded his modern money classic for a new age, delivering a simple, powerful, no-BS 6-week program that just works.
8. MONEY MASTER THE GAME
Money: Master the Game contains expert advice for readers of every income level, providing guidance through the steps to become financially free by creating a lifetime income plan. This book delivers invaluable information and essential practices for getting your financial house in order. It’s the book millions of people have been waiting for.
Tony Robbins, the multimillion-copy bestselling author of Awaken the Giant Within and Unlimited Power has created a 7-step blueprint for securing financial freedom.
9. The Psychology of Money
“The Psychology of Money” is a fascinating book that explores the psychology and behavior behind money and wealth.
Written by Morgan Housel, the book provides insights into why we make certain financial decisions, why some people are successful with money while others are not, and how we can improve our own financial behavior. It’s a must-read for anyone looking to understand the psychology of money and make better financial decisions.
Where to buy: Amazon, Barnes & Noble, or your local bookstore
10. Your Money or Your Life
“Your Money or Your Life” by Vicki Robin and Joe Dominguez
Summary: “Your Money or Your Life” is a groundbreaking book that challenges readers to rethink their relationship with money and consumption. I
t provides a step-by-step program for transforming your finances, your relationship with money, and your life. The book covers everything from budgeting and saving to investing and retiring early, and it’s packed with practical advice and real-life examples.