7 Financial Books You Need to Read to Retire Young
Are you spending the best years of your life to make money but overwhelmed by debt? Do you feel depressed because you don’t know how to manage your spending, and invest wisely? Don’t you know how to get start to reach financial freedom?
These books will give you practical advice on how to reach financial freedom. With the help of these financial books, you’ll figure out what financial freedom means to you and what steps you can take to get started.
Remember, with dedication, passion, and the right money mindset, you can achieve financial independence, and begin planning for an early retirement!
1. I Will Teach You to Be Rich
By Ramit Sethi
Ramit Sethi is an entrepreneur and owner of two popular websites, GrowthLab and I Will Teach You To Be Rich. He’s also the author of the 2009 New York Times Best Seller, “I Will Teach You to Be Rich”.
He is a self-made millionaire with an estimated net worth of over $25 million.
In I Will Teach You to Be Rich, Ramit Sethi will teach you the benefits of saving as early as possible and setting up automatic investments.
Best quote: “Because of inflation, you’re actually losing money every day your money is sitting in a bank account.”
2. Rich Dad Poor Dad
By Robert T. Kiyosaki
Robert T. Kiyosaki is an investor and entrepreneur with an estimated net worth of over $120 million. His Rich Dad Poor Dad has sold over 41 million copies worldwide.
In Rich Dad Poor Dad, Robert Kiyosaki outlines how you can become financially independence. The author argues what the rich teach their kids about money what the poor don’t!
Best quote: “Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”
3. The Millionaire Next Door
By Thomas J. Stanley and William D. Danko
Thomas J. Stanley and William D. Danko were both professors of marketing at universities in the United States. They spent years studying the habits, behaviors, and characteristics of America’s millionaires.
The Millionaire Next Door was published in 1996 and has since become a popular and influential book on wealth and personal finance.
Best quote: “One of the reasons that millionaires are economically successful is that they think differently.”
DON’T MISS: 11 Things Millionaires Do Differently – You Should Adopt Right Now
4. The Total Money Makeover
By Dave Ramsey
Dave Ramsey is an author, financial expert, entrepreneur, and radio host who has a net worth over $200 million.
The Total Money Makeover was published in 2013. It is a great guide to turning your financial situation around. By following his advice, you can put financial security back into your life and begin planning for a comfortable retirement.
Best quote: “Sacrifice and discipline are the keys to financial freedom.”
READ ALSO: How to Reach Financial Freedom: These 10 Habits Will Help You to Achieve It
5. Think and Grow Rich
By Napoleon Hill
Napoleon Hill is an author who devoted 25 years to finding out how the wealthy became that way.
Think and Grow Rich was published in 1937 following the Great Depression. The book has sold over 100 million copies.
In Think and Grow Rich, Napoleon Hill investigated the 500 most successful people of his time including the world’s richest men, and investors.
Best quote: “The starting point of all achievement is desire.”
6. The 4-Hour Workweek
By Timothy Ferriss
Timothy Ferriss is an entrepreneur, investor, author and podcaster. He has been listed as one of Fast Company’s “Most Innovative Business People” and one of Fortune‘s “40 under 40”.
The 4-Hour Workweek describes the life of the new rich, people who want to escape the 9-5 work, live anywhere, and build a life centered around happiness.
Best quote: ” Earn dollars. Live on pesos. Compensate in rupees.”
7. The Simple Path to Wealth
By J. L. Collins
J. L. Collins is a book author and blogger who specializes in finance, money, and debt management.
The Simple Path to Wealth is an important book for people who look for an understanding of investing and wealth-building. The book presents direct strategies for financial success.
Best quote: “Simple is good. Simple is easier. Simple is more profitable.”
The Bottom Line
It can be overwhelming to know where to begin with money. But everyone has the ability to start using money to its full potential. Read these books to manage your finances! When you equipped with the information from these financial freedom books, you’ll be ready to start your journey towards financial freedom.
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