6 Best Financial Books To Read In 2021 That Will Make You Wealthy

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top 6 financial books to read

Hey, you my awesome blossom readers! I thought I’d share my top financial books to read when you’re just starting out and wanting to explore more on how you can best manage your money.

There a lot of ways to reach our financial goals. From different concepts to ideas, there are many paths to approach it. But what’s important is you just need to start.

While others might go for their financial advisors to seek help, what I first did was read financial books!

And then, I seek a financial advisor.

When I read financial books it gave me a lot of ideas and tips coming from different authors. It allowed me to choose what’s suited for my lifestyle and what concepts I agree with. 🙂

So in this post, I’ll be giving my top 6 financial books to read, especially if you’re a beginner and want to start learning more on how to manage money better.

These books have greatly helped me and I’m 100% sure they WILL help you one way or another with your finances!

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1. Rich Dad Poor Dad by Robert Kiyosaki

You can check it out here on Amazon

Right off the bat, I’m starting with Mr. Kiyosaki’s book! Rich Dad Poor Dad is a staple book when it comes to financial literacy. If you researched the top financial books to read, most often than not, Rich Dad Poor Dad will always be on that list.

One important key point in the book would be knowing the importance of financial literacy. And I back this up 100%! 

A good and strong financial foundation is essential when you’re trying to build wealth.  And with this key point, you realize that there’s no way to build financial freedom overnight. 

As you read through the pages you’ll realize why the rich make a lot of money and why the poor lack this resource. And that’s because the rich have a clear definition of what’s an asset and a liability. And it turns out the rich focus more on building their assets.

Robert’s definition of this is simply, an asset is something that puts money in your pocket. While a liability takes money from your pocket. 

In my opinion, this is an excellent book to jump-start your financial literacy. Robert wrote this in a way to see both perspective of the “poor” and the “rich” side.

I first read this book when I was in college and I STILL go back to this book to refresh my memory on the fundamental quadrants of money. It will definitely help you realize how you’ve been treating your money and how you can improve it to be one of the “rich” guys.

2. I Will Teach You To Be Rich by Ramit Sethi

You can check it out here on Amazon

In this book, Ramit tells you to live your rich life! When he says rich life, it doesn’t mean spending lavishly on cars, on clothes all at the same time. What he means by a rich life is spending money on things that you VALUE the most.

What I love about this book is that Ramit isn’t afraid to teach ways that are frowned upon by other financial books and gurus. He tells you to NOT be afraid of being different. 

And I 100% agree!

The first chapter of his book is to Optimize Your Credit Cards. – yep! You read that right. A financial book supporting you to use your credit card! 

Why? Because if used correctly, a credit card can benefit you monetarily. Some credit card companies will offer reward points that can be used for shopping and travel! And my most favorite benefit of having a credit card would be its cashback!

And my favorite lesson from the book would be Ramit’s concept of living a rich life! What’s the use of reaching financial freedom if you don’t get to experience the things that you love along the way? 

Ramit teaches the readers how to consciously spend their money so that they get to enjoy the things they love.

You don’t need to cut off any activities in your life because you spend money on it. But what he advocates is to:

Spend less money on the things you don’t see as a priority so that you can spend a lot more on the things that you like.

Another thing is that, if you follow Ramit’s exact steps on how to automate your money, you will realize that it’s not that hard to take care of your money. Grab this book, read it, share it, buy it for someone because more people need to know what Ramit teaches.

Full review of I Will Teach You To Be Rich here.

3. The Total Money Makeover by Dave Ramsey

You can check it out here on Amazon

Dave Ramsey is famous for his 7 baby steps and it’s very easy to understand and be followed by beginners.

Just like in Rich Dad Poor Dad, Dave also believes that people are in such situations in their lives because of their relationship with money. 

There are chapters in the book that requires you to really think about why are you in this situation in your life – whether that’s in debt or not being financially free yet.

It was Dave Ramsey as well who invented the famous debt paying strategy called “The Debt-Snowball Method”. He termed this as such because when a snowball starts, it begins tiny, but eventually, it gets into momentum and becomes unstoppable and big. 

And in the context of paying debts, this method tells you to list down your debts from smallest to the biggest amount. Once you’ve done so, you can start repaying the smallest amount. In due time, you’ll go into momentum in crushing off debts on your list.

A line in the book that would forever stick to me is “live like no else right now, so you can live like no else later. “

When I think about this line, it always reminds me to be disciplined and stick to my budget.

There will always be temptations and challenges that will make people go astray from their budget. They’ll follow it for a few weeks or months but eventually, they’ll go back to the old habits that got them into debt.

You should always remember to live like no else right now – sticking to your budget, living below your means so that you’ll live like no one else later.

Read More: How To Buy A House In Your 20s That Will Give You Amazing Rental Income

4. Your Money Or Your Life by Vicki Robin

You can check it out here on Amazon

The book starts off by talking about how being stressed out from work, and overworking has become a norm in today’s world. And then it continues to talk about how to redefine our relationship with money and work. 

A key lesson that was an eye-opener for me was the concept of money is life energy. That your one and only true currency is your life energy!

When we work, we trade a certain amount of life energy to get paid. So when you purchase something, money is what you trade to acquire that item. But if you think deeper, it’s your life energy that you’re paying. 

To put it into context: let’s say you’re earning $20/hr in your job. And you’re planning to buy that $300 dress. That means you’re willing to give 15 hours of your life to purchase that dress.   And that’s basically the concept of money is life energy.

Thinking that way when you purchase something makes you think twice whether that purchase is worth it or not right? 🙂

If you want to transform your relationship with money, then this book is for you!

I adopted the mindset of time = money because of this book. This is the book that pushes me to go for freelancing and work from home because those hours of getting ready and commuting to work COUNTS.

Related: How To Start Freelancing With No Experience In 2020

5. The One Page Financial Plan – Carl Richards

You can check it out here on Amazon

In this book by Carl Richards, he asks why is money important to you? And he tells you to dig deeper into why you want to get your financials straight. 

Knowing the answers to your whys will help you with your financial planning decisions. It will aid in reaching your destination. Whether you’re buying a new house or buying a car, knowing the reason behind such purchase will align your path to achieving it.

The book gives you simple and effective strategies on how you can be smarter with your money. He even explained that on a single page you can prioritize what you want in life and how to get it. That line alone will make you curious and read the entire book!

Carl also believes that budgeting is a process that allows you to change your spending habits to reach your financial goals consistently.

And I believe that as well! Budgeting will give you a bigger picture of your monthly spending which is beneficial if you want to reduce spending on some things. 

Since Carl Richard’s is a certified financial planner, you’d know that the strategies in the book have already been tried and tested! 

6. The Intelligent Investor – Benjamin Graham

You can check it out here on Amazon

The intelligent investor by Benjamin Graham is probably one of the best investing books out there. He’s the teacher and mentor of one of the richest men in the world – Warren Buffet.

One of the lessons in the book is when you invest, you should look at the long term horizon. Any market movement that happens in the short term is considered irrelevant. 

In this book, Graham gives out his principles on how to do intelligent investing.

He mentioned that before you invest in a business you should do your own due diligence. You should know who’s running the business, how they run it, how do they make money, and do they have the potential to grow. 

If you have zero knowledge when it comes to investing, this book is a great starting point. Plus, you’re learning from someone who is widely considered as the “father of value investing”!

Just Start

Once you’ve read a ton of books on finances, you might get overwhelmed on where to begin. Believe me, all you need to do is just start. 

Pick one from the list that intrigues you the most, get the book from Amazon, read it slowly, and take notes.

You can apply some of the principles that you’ve read in those books. You can even customize their templates and fit them in your own lifestyle!

So, which one will you read first? what book did you read already? Let’s talk about them! 🙂

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