The internet is such a resourceful outlet for information on money management. From personal finance, to saving and paying off debt—the internet has it all. However, if you want to dig a little deeper into a money mindset and the philosophy behind money management—there’s nothing that beats sitting down with a hard copy.
Brushing up on your personal finance and money management knowledge by adding a few new books to your collection is a good way to do just that. Given that many people don’t take the time to truly pick up a hard copy, giving yourself some time to find a book with a well-articulated and thought-provoking perspective on an important and universal subject can have the potential to forever change your life.
Here are 6 Money Books You Should be Reading.
6 Money Books You Should be Reading
1. Rich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter
Personal finance author Robert Kiyosaki self-published Rich Dad, Poor Dad as a guide to compare his biological father who was a hard-working and financially struggling man to his best friend’s father who was a rich man with several investments.The theme of entrepreneurship and financial freedom is displayed throughout this book where Robert hones in on the idea that individuals should look for passive and portfolio income instead of a traditional salary.
2. Think and Grow Rich by Napoleon Hill
In Napoleon Hill’s Think and Grow Rich, he interviews several successful and wealthy people from Henry Ford to John D. Rockefeller. He puts together a timeless thirteen step guide to riches based on each individual’s achievements.
Think and Grow Rich is seen as both a motivational book for entrepreneurs as well as those that are aspiring to be entrepreneurs.
3. The Richest Man in Babylon by George Clason
The Richest Man in Babylon is a spin on teaching modern investors insight on finances. This book dispenses financial advice through a vast collection of parables that are set in ancient Babylon.
4. Secrets of Six-figure Women by Barbara Stanny
Women earning six figures are rising at a rate much faster than men. From entrepreneurs to corporate executives and freelancers, women are representing what it means to forge their careers through their financial success.
In Secrets of Six-figure Women, Barbara Stanny goes into depth about the seven key strategies of female high earners: A profit motive, audacity, resilience, encouragement, self-awareness, non-attachment and financial know-how.
Take a closer look: Capital One Small Business Growth Index
The generation of millennials are into investing just as much as anyone else. In Erin Lowry’s Broke Millennial Takes on Investing: A Beginner’s Guide to Leveling Up Your Money, she explains investing, common investing terms and how they’re used as well as how to invest in the most responsible and efficient way. Geared specifically towards millennials, you will learn how to buy and sell stock, why it’s important to invest earlier rather than later, and how to essentially secure wealth.
Take a closer look: Guidelines for a Realistic Millennial Strategy
6. Financial Freedom: A Proven Path to All the Money You Will Ever Need by Grant Sabatier
Grant Sabatier’s financial freedom story is a little different. He started with less than $5 in his bank account. Over time , he acquired a net worth over $1 million dollars. What’s his secret? Grant set out on a journey to explore financial freedom with real-world strategies. He created profitable side-hustles, traveled the world for less and saved money without having to give up the things he truly enjoyed most.
Related: Capital one Financial Education
Views expressed in this article are not necessarily that of Capital One.