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Do you want to better your finances? Perhaps start your journey with a book.
Whether you need help investing, need assistance cutting spending or need inspiration about how to start your own business, books can be a great resource for you.
You don’t have to spend a dime to get a financial book if you borrow one from your local library.
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Even though it may seem contradictory, buying financial books you really enjoy is a good idea if you want to highlight and mark them up.
Below are just a few titles to consider to get you started on your financial journey.
Books are a great resource to get you started on your financial journey. (iStock)
- “The Millionaire Next Door” by Thomas J. Stanley and William D. Danko
- “The Psychology of Money” by Morgan Housel
- “I Will Teach you To Be Rich” by Ramit Sethi
- “Rich Dad Poor Dad” by Robert T. Kiyosaki
- “Broke Millennial” by Erin Lowry
- “The Total Money Makeover” by Dave Ramsey
- “The Latte Factor” by David Bach and John David Mann
1. “The Millionaire Next Door” by Thomas J. Stanley and William D. Danko
The full title of this book is “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy.”
The book was first published in 1996 and authored by Thomas J. Stanley and William D. Danko.
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The book is based on research conducted by the authors and reveals surprising truths about those who are wealthy.
2. “The Psychology of Money” by Morgan Housel
“The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness” is a book by Morgan Housel.
This book is sure to get your wheels turning and start you on a better financial trajectory.
In the book, Housel “shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics,” the description reads.
Financial books cover a broad range of topics, like how to optimize your savings and invest your money. (iStock)
3. “I Will Teach You To Be Rich,” by Ramit Sethi
If you are just getting started with a savings and want tips on where to begin, this book is perfect for you.
It is a very easy read and provides a clear step-by-step, six-week plan on how to get started with your savings.
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The book’s chapters are split into different steps you can follow as you read. Topics covered include paying off student loan debt, opening savings accounts, automating finances, and investing and saving for big future expenses like a wedding and a house.
Sethi’s newest book, “Money for Couples,” is being released on Dec. 31.
Ramit Sethi’s newest book is coming out in December and focuses on financial tips for couples. (iStock)
4. “Rich Dad Poor Dad” by Robert T. Kiyosaki
“Rich Dad Poor Dad” is a popular book read by those who want to better understand their finances.
The book pulls from Robert T. Kiyosaki’s life and features two men making financial choices, his own father, who is the poor dad, and his dad’s best friend, who is the rich dad, and how they both shaped the author’s view of money.
“Rich Dad Poor Dad” focuses on topics like financial literacy, investment and setting yourself up, so your money works for you.
5. “Broke Millennial” by Erin Lowry
“Broke Millennial: Stop Scraping By and Get Your Financial Life Together” is ideal for young professionals who feel like debt has overtaken their lives and saving money seems impossible.
It provides a comprehensive guide to saving money for the future and getting out of debt.
If you like this book and want to dive deeper into other aspects of finances, you can continue with the series by reading “Broke Millennial Takes on Investing: A Beginner’s Guide to Leveling Up Your Money” and “Broke Millennial Talks Money: Scripts, Stories, and Advice to Navigate Awkward Financial Conversations.”
There are several books in the “Broke Millennial” series to read. (iStock)
You can also pick up the “Broke Millennial Workbook” for a more hands-on approach.
6. “The Total Money Makeover” by Dave Ramsey
Dave Ramsey has spent years teaching others about finances through speeches, podcasts and books.
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Over the years, the CEO of Ramsey Solutions has penned many books. One of his most popular is “The Total Money Makeover.”
This book will help you pay off your debts, save for retirement and plan for the future.
Dave Ramsey has authored many books to help people pay off their debt and get their finances in order. (Anna Webber/Getty Images for SiriusXM/File)
7. “The Latte Factor” by David Bach and John David Mann
David Bach and John David Mann take a unique approach to teaching financial wellness in “The Latte Factor: Why You Don’t Have to Be Rich to Live Rich.”
If you are a person who has a difficult time reading financial books in general, “The Latte Factor” takes more of a storytelling approach, making it both engaging and educational.
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The book features protagonist Zoey, who is working in New York City and has the very common feeling of being stuck and living paycheck to paycheck. This is until she meets Henry, a barista at a local coffee shop who opens her eyes to new financial ideas.
This is a very short read that will teach you methods you can apply to your day-to-day life.