1. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley
Learn everything you need to know about wealth in America. Stanley will answer many burning questions about the richest citizens of America. He will identify who they are, what they do and how they got there. As well as giving readers many other useful pieces of advice, such as how to save and invest so you have assets. If you’re looking to make extra income, he will identify many strategies to help you. All of the information he presents comes from years of research, countless interviews and a great amount of data.
2. Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter
Kiyosaki and Lechter wrote this book for parents, particularly for poor or middle-class parents. He gives insights into what rich parents teach their kids that others do not. For example, how to manage money correctly and how to invest. In this book, they challenge many common beliefs. Such as the myth that you need a high income to become rich or that owning a house is an asset. This will book will help you to prosper, reach your financial goals and teach your kids about the importance of money management. It gives many useful tips on how to change your mindset and perspective to avoid societies traps and reach your full potential.
3. Transforming Your Relationship With Money by Joseph R. Dominguez, Monique Tilford, and Vicki Robin
Dominguez, Tilford and Robin put their money management expertise together to teach readers how to create a better relationship with money. You might be surprised that it teaches you how to look within and discover who you truly are as the first step to financial freedom. It doesn’t matter what stage of life you’re at (just turned 18 or about to retire) this book can teach everybody something. t covers many important financial topics. Such as the stock market, how to invest, saving techniques, getting out of debt, investing your savings, living better for less and so much more!
4. The Total Money Makeover by Dave Ramsey
Ramsey gives you all the information and tools you need to become financially fit. He gives a step by step guide with proven techniques for people of all ages. Many readers have commented that it’s completely changed their relationship with money and how they view their personal finances. He covers lots of topics, such as how to pay off debts, saving expenses, putting 15% towards retirement, paying off your mortgage, saving for college and so much more. He guarantees if you follow his advice you will notice positive changes (in your mindset and bank account).
5. The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life by J. L. Collins
Collins advocates that money is one of the most important tools in life (something I think we can all agree on). And how teaching the right information about money and investments to our children is crucial in their success and well-being as individuals. He touches on the huge amount of misinformation out there involving finance. He gives advice on a whole range of financial topics so this really is a great read. Such as debt management, saving, investing, understanding finances, how to avoid being conned and so much more.