In our life, we spend most of our money spending it, but not enough time managing it. With a fast-paced life, it becomes inevitable to spend money on a plethora of things. However, at the end of every month, we are left wondering where all the money went. This vicious cycle keeps us from managing our finances properly, which makes attaining financial freedom much more difficult. Financial freedom is something that enables us to become completely financially secure, without depending on anyone else for sustenance. Everybody wants to achieve financial freedom, but so many lack the knowledge of how to get there.
To become financially independent, it is necessary that you take the time to invest in yourself. You should become aware of the ways that you can achieve financial freedom. Once you have learnt how to become financially independent, you’ll stop fretting over money. Instead, you will be able to use it as an instrument to build your wealth. One of the best ways to learn about your finances and how to manage it is by reading relevant books. Here is a list of the best books on financial freedom that will inspire you to get your financial affairs in order and become efficient with your money.
Best Inspiring Books on Financial Freedom
1. The Psychology of Money
The Psychology of Money is a novel written by award-winning author, Morgan Housel. It is a treasure of timeless lessons on wealth, greed, happiness and wisdom. With 19 short stories, Morgan Housel emphasizes on the poor relationship that people tend to have with money. It looks at people’s interactions with money more closely. He stresses on the importance of living a frugal lifestyle and promotes flexibility in thinking towards the finances that drive the critical decisions of the life.
Instead of looking at it from a mathematical perspective, Housel talks about the behaviors which drives the purchasing power. It looks at the different aspects of how financial decisions are made in consumer’s minds. Thus, in this book, you can discover all the peculiar ways that people think about money and how even smart people can make poor monetary decisions. As its name suggests, the book helps to learn how to harness your own mental approach towards money. All in all, the book will allow you to look at the financial world in a different light.
2. Rich Dad Poor Dad
Rich Dad Poor Dad, Robert Kiyosaki’s best-seller, is one of the most popular financial books ever published. The book contains all of the financial insights and lessons you’ll need to become and stay wealthy. It is written from Kiyosaki’s point of view. In the book, he discusses how the affluent dad (his best buddy’s father) acquired a high financial status, and reflects on the financial blunders the poor dad (his real father) did. Kiyosaki’s real dad was a school teacher who advised him to consistently work hard, study and save money. On the other hand, his friend’s father told him to work smart, invest and understand the importance of financial literacy. Through the lens of his rich and not-so-wealthy dad, Kiyosaki reflects on the very different ideas people have on life and wealth.
Kiyosaki’s book tries to urge his readers to create their own remarkable route to financial independence and presents practical lessons and objectives to help them do so. As a result, Rich Dad Poor Dad is an absolute must-read for anybody interested in investment, business, the global economy, or being their own boss.
3. Financial Freedom: A Proven Path to All the Money You will Ever Need
Financial Freedom draws on the journey of Grant Sabatier, who went from being broke to a millionaire in a span of 5 years. With his popular line, “Money is unlimited, but time is limited,” Sabatier emphasizes on the importance of making more money in less time, so that you have more time for the things you love. His credo which he highlights is on the fact that one cannot buy back time. And by learning how to manage your money in the best way possible, you can buy your financial freedom.
By giving his personal experience of how he went from $2.26 to $1 million, in only 5 years, Sabatier outlines a seven-step process to achieve financial freedom by making more money in less time. He provides the necessary tips and tricks, showing how you can optimize your lifestyle to the fullest, develop side hustles, make your money go further, and still have fun along the way. Financial Freedom challenges the conventional narrative of spending your life working a traditional 9-5 job, living paycheck-to-paycheck and finally earning the right to retire. Instead, the book provides the reader with an alternative route that can ensure you achieve financial freedom and live the life you want, making it one of the best financial books of all time.
4. The Richest Man in Babylon
Popularly known as the bible of financial freedom, The Richest Man in Babylon by George Samuel Clason provides its reader with clear and simple lessons which will never change throughout history and are key to building wealth. The book revolves around the appealing parables set in ancient Babylon, with a man, Arkad, who wants to acquire gold. He works immensely hard, learns from his faults and eventually becomes the richest man in Babylon. He adopts a frugal lifestyle, and makes wise investment to safeguard his wealth.
The book offers many effective lessons on saving, budgeting, investing, and also highlights the importance of setting financial goals and the dangers of spending excessively. He shares timeless wisdom on building your financial wealth from 95 years ago which are just as efficacious today. The insightful book also offers advice on how to manage debt, adopt the principles of thrifting and sound investment. It also promotes the importance of saving money and investing it wisely.
5. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
The Millionaire Next Door is written by two renowned professors, Thomas Stanley and William Danko. It is a one of the classic financial books which highlight into the lives of real millionaires. It talks about how they live below their means and achieve great wealth through hard work and savings. The foundation of the book talks about the fact that the richest people don’t outwardly reflect their wealth to the public. Instead, they live an ordinary life of bliss.
The book compares the misconceptions people have about the ostentatious lifestyles of millionaires with the otherwise modest lifestyle that true millionaires actually adopt. Furthermore, the book also explores the way wealthy households operate, which can teach you a thing or two about how to live a life of frugality and conservation in order to achieve greater, long-lasting wealth. The 90s book is filled with real-life lessons which have stood the test of time and continue to hold just as much significance as they did decades ago.
To conclude, these are some of the best books you can read on financial freedom to learn the intricacies of being financially secure. All of these books offer utmost quality and actionable insights into how you can achieve financial freedom. So, what are you waiting for? Start reading right away!
