12 Great Books On Building Wealth, and Financial Freedom
I have always loved books. They have such power to change our lives and move our thinking in new directions. And that is a huge key to financial freedom…thinking about money, wealth, and how you can create more of both, differently than you ever have before. By no means is this list exhaustive, but each of these is a great place to start for anyone!
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The 12 Great Books on Wealth and Wealth-Building
Think and Grow Rich
This is a classic and a must read. I’ve personally read it several times and will read it to my children someday. It is that good.
The Wealthy Barber, Updated 3rd Edition: Everyone’s Commonsense Guide to Becoming Financially Independent
A straightforward approach to the most basic habitudes to build wealth. A classic in the field.
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
Stanley and Danko completed extensive research on millionaire habits with the intention of forming a marketing strategy to sell to the wealthy. What they discovered was so surprising it became a New York Times bestseller and perennial favorite. I honestly thought I was a freak until I read this book and realized my habits were typical of millionaires.
The Richest Man in Babylon
No library on wealth building for the “normal” person would be complete without this classic parable. The principles taught are basic and timeless at the same time.
Stop Acting Rich: …And Start Living Like A Real Millionaire
This is the third and most recent book in their series on millionaire habitudes. It rounds out the trilogy for fans of the previous books.
How to Be Rich
If you want to learn about building wealth there is no more authoritative teacher than J. Paul Getty. Surprisingly, this book provides down-to-earth actionable habitudes that you can implement in your own life.
Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth
I’m not a big fan of Harv Ecker’s marketing practices but there is no denying the addition this book makes to this subject. I include it grudgingly with the warning to stick with the book only and not get roped into his marketing funnel for upsells from the book.
The Millionaire Mind
The reason I like Stanley and Danko’s books so much is they are the only ones in the group who researched actual millionaires to determine the correct habitudes. Many authors use conjecture and anecdotal evidence. These guys used hard research.
Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Revised and Updated for the 21st Century
I still remember the first time I read this book. Actually, my wife and I listened to it as a book on tape while taking a long drive. It stimulated many great shifts in thinking and clarified my stance on consumerism while bringing clarity to the process of how simple the road to financial freedom really is.
Rich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom
Robert’s “Rich Dad” series is a bestseller for a reason. My complaint is his books became quite repetitive and were short on actionable advice. I recommend this one because it teaches some very important principles that make a unique contribution to the literature.
In this book, Joe Ponzio gives an “f-you” to Wall Street and teaches you how to become a sharp value investor who uses economic downturns to your advantage. By buying into companies you believe in—but that may be selling for less than their intrinsic value, like high-end retailers in a weak market and discount retailers in a strong one—you will profit from their long-term performance. It’s the perfect guide for anyone fed up with Wall Street’s bull.
Rich Dad Poor Dad is Robert’s story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.