Managing your money can be challenging. Some people struggle with their own spending habits, buying items they don’t need at their first instinct, and then realizing they don’t have the funds to pay important bills such as their mortgage or a student loan. If you’re someone who struggles with their finances, there’s no need to fret. Plenty of other people around the world also struggle to keep track of their own finances. Luckily, getting better with your money is something that can be learned. There are so many great books written by some of the world’s greatest financial minds and they’re readily available to help you get better about your spending habits. Here are a few great books you should check out if you’re interested in learning more about finance.
Robert Kiyosaki wrote Rich Dad Poor Dad in order to tell the story of him and his two fathers – his real father and his best friend’s dad, who was rich. Kiyosaki uses his two fathers as a way of showing how to best manage your money (or lack thereof) as well as helping your kids form good financial habits. This book takes the myth that you need to make a lot of money to be rich, and throws it out the window. Kiyosaki believes it’s not just about working for money, but about having your money work for you.
In The Automatic Millionaire, David Bach shares the secret to getting rich. David uses his book to tell the story of an average couple whose total income never exceeds $55,000 a year, yet are capable of owning two homes, put two kids through college, and retire at 55 with more than $1 million in savings. And they did it all debt-free! David says you don’t need a budget or willpower, and you don’t need to make a lot of money or be interested in making a lot of money. David gives you everything you need, including apps, websites, phone numbers and much more.
Beating debt is not an easy feat to overcome, and that’s where Dave Ramsey comes in with The Total Money Makeover. Ramsay offers a simple and straightforward plan to flip your money habits on their head, teaching you ways to make sure your debt is all paid off, securing money for emergencies and retirement, and ways to recognize the 10 most troubling money myths. The latest version also includes ways to tackle marriage conflict, college debt and much more.
Many 20-somethings today tend to wish they had learned some type of personal finance in school, whether it be high school or college. It can be difficult to learn how to best manage your finances as an adult, and taking a class or reading a lengthy book just isn’t always in the cards. That’s where Why Didn’t They Teach Me This In School? comes in. Cary Seigel wrote this book in order to teach his children about money as they moved into adulthood, and focuses on teaching you eight lessons which focus on 99 principles that quickly enhance anyone’s money managing skills. The book is easily accessible for anyone, without too much heavy jargon or complicated subjects.