So you’re barely moving out of your parents house or have already experienced the pangs of living paycheck to paycheck. Everyone needs a course refresher on how to handle money once in a while, especially if you’re dream is to become wealthy.
Here are 5 insightful and easy to read books that will help you become a wise investor, a frugal spender, and a generally more happy and fulfilled person.
1.) How to Win Friends and Influence People by Dale Carnegie
This book has been in print for probably longer than your grandparents have been alive. It contains tried and true methods to strengthen relationships, alter people’s behavior towards you, and generally become a more likable person.
Although most of the advice given is common sense, Carnegie presents it in a fashion that makes these nuggets of wisdom easily digestible.
And even though this book isn’t directly related to finance, it is a worthy stepping stone to getting a good head on your shoulders before you head out into the business world and throw away your money.
Quote: “You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you.”
2.) Rich Dad Poor Dad by Robert Kiyosaki
Narrated through a set of parables, Kiyosaki compares and contrasts the ways in which his two father figures dealt with money, investments, and life.
Kiyosaki emphasizes the importance of ditching the idea of simply being an employee and instead focusing on investing in high value assets in real estate and new businesses.
Although this book has been panned by many financial critics in recent years, the lessons that being poor is just an attitude hold true to this day.
Quote: “You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something.”
3.) Think and Grow Rich by Napoleon Hill
This book may be one of the most important financial books ever written. Napoleon Hill amassed a great deal of knowledge by researching more than forty millionaires to learn what made them so successful.
This book was written in 1937 and yet is taught, til this day, on countless college campuses.
Among other things, this book teaches you how to overcome the mental roadblocks you may consciously or unconsciously have in order to grab life by the horns and start creating your financial empire.
Quote: “The starting point of all achievement is desire. Keep this constantly in mind. Weak desire brings weak results, just as a small fire makes a small amount of heat.”
4.) The Millionaire Next Door by Thomas J. Stanley
Compiling 20 years of research into mini financial lessons, this book is a great first read for any young adult who is just learning to be responsible.
Maybe you are barely moving out of your mom’s garage and want a solid foundation and system for handling your financial assets, this book is right for you.
Packed with bits of common-sense wisdom, the book reveals that most all of the millionaires questioned lived well below their means. Instead of spending money on fancy cars, jewelry, or other non-essentials, millionaires made their money work for them.
Quote: “If you’re not wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household’s total annual realized income.”
5.) Debt Free by 30: Practical Advice For the Young, Broke, and Upwardly Mobile by Jason Anthony
Written by a couple of twenty-somethings who were stuck in financial debt, this book offers creative solutions that help you dig yourself out of the massive hole you call debt.
Their book includes “the 7 debtly sins,” why you should be weary of investing in gold and platinum, how to save on taxes, insurance, bank fees, and more.
If you already done messed up with your money, check this book out.
Quote: “Some people crave the false sense of empowerment shopping provides. Others use it to relieve bedroom boredom. Still others view it as a harmless vice and shrug it off as a “retail therapy,” a quick fix that ultimately can turn out to be seriously bad medicine.”
Overall, how a person spends their money depends mainly on their psychological condition. Reading a few of these books is a great way to begin learning about how to invest wisely and live a worry-free life.
Start saving as soon as you can, live well below your means, and invest sensibly and you will see your money last you longer than if you didn’t.