Far too many of us simply drift through life without any concrete goals, living from one financial crisis to the next. This often leads to credit card debt, living paycheck to paycheck, and a constant stream of title loans and other short-term loans to make ends meet. Are you ready to come up with a financial plan that will bring you financial stability and prosperity? If so, take a look at the 10 books listed below for some inspiration in reaching your goals.
The Richest Man in Babylon, written by George Samuel Clason, provides financial advice through parables set in the ancient city of Babylon. Published back in 1926, this book places great emphasis on the significance of saving over spending, while extolling the virtues of charity. Generosity, but not to the extent that the recipient becomes dependent on your money.
The book also provides insight on how to create a budget, and everything it should consist of. The first expense deducted from your budget should be for necessities, followed by enjoyments. The simple message is that it is okay to gratify your desires, as long as you are spending under nine-tenths of your earnings.
Author T. Harv Eker has used this book as an opportunity to explain the “mind of money.” This book explains the different mindsets regarding money from the perspective of those that have it and those who don’t. Eker believes that everyone has a “money blueprint” embedded in their brain, which consists of childhood experiences that identify who you are and how your mind for money works. Can that blueprint be changed? According to Eker, your blueprint can be changed at any time, making financial success easier to obtain.
According to the author of Rich Dad, Poor Dad, Robert Kiysaki, an eighth-grade dropout who spends less than he earns, is financially smarter than a college professor that can’t seem to make ends meet. He also believes that while working towards a steady income can help to get you started on a positive financial, the best investment you can make is in buying property or a business.
Author Napoleon Hill explains in his book, Think and Grow Rich, that making and saving money is a large part of life, but the same principles apply to so many other facets of life as well. While Hill’s words make it clear that his tips can assist you in becoming rich, they can also help to motivate you in other areas. Success is often measured by your financial status, but it is also about being the best version of yourself possible.
The Magic of Thinking Big by David Schwartz provides insight on both money and the purpose of life. He thinks that success comes to those who are optimistic, believe in themselves, find something positive in a negative, and live under the belief that they will win in the end. Basically, if you convince yourself that you are a winner, you will be. If you think that failure is around every turn, it most likely will be waiting for you.
Author MJ DeMarco says that working hard, saving 10 percent, and retiring at 65 is a chump’s game. This may be a wake-up call for some, considering this is how most people live their lives. DeMarco says that financial markets are simply too volatile to rely on, and at the rate that most of us can save, you will “be in a wheelchair” by the time you have enough money to retire.
Written by Vicki Robin, this book is the result of 50 years of combined financial experience. Based on the knowledge of Joe Dominguez’s 30 years as a successful Wall Street financial analyst, and author Vicki Robin’s 20 years of using Joe’s road map to money, this is the story of how used his strategies to change her life. You will find an comprehensive nine-step program in this book, along with stories and experiences that led to a comfortable retirement.
Dave Ramsey provides solid information about using common sense to become financially stable. No gimmicks or flashy money life hacks. This book explains the importance of using cash for everything possible, avoiding the use of credit cards, and getting and staying out of debt. It does not promote dreams that are not attainable for the average person.
Suze Orman steps away from the financial advice that most books are based on. Instead of providing a road map to retirement, Suze explains how the millennial generation can navigate the basic rules of modern finance, touching on timely and relevant subjects like dealing with large student loans and finding success in the new economy job market.
Author T. Harv Eker delves into the different ways we unconsciously program and condition ourselves and our children to be rich or poor. For example, he says if you think poor, you will be poor, and if you think rich, you will be rich. Therefore, if you think like a mogul, you can be one.