If you’re ready for some fun summer reading that will help improve your personal finances, here’s a great list to get you started. Summer is the perfect time to expand your knowledge, set personal goals, and refocus. Take a look at these five books that can take your personal finance game to the next level.
Rich Dad Poor Dad
Rich Dad, Poor Dad is a classic, and it is one of the personal finance books out there that still gets praise for its insightful advice and suggestions on teaching others about money. The book has been around for 20+ years and has topped every best-selling finance list out there, which means there’s definitely something for you to learn. The author uses a friendly, informative tone and easily explains strategies that help (Rich Dad) or hurt (Poor Dad) in wealth building. From the mindset needed, to entrepreneurship, to real estate investing, Rich Dad, Poor Dad provides a solid foundation for anyone looking to achieve financial independence.
The Millionaire Next Door
The Millionaire Next Door is a detailed and entertaining breakdown of the habits of millionaires all over. No spoilers, but all these self-made people have responsible and frugal approaches to their earnings and spending. You won’t find quick tricks and crazy ways to double your money: this book focuses on the financial mindset and simple changes needed to help money grow and build wealth. Plus, you might start to wonder about the people around you and their own financial situations…if they can do it, so can you.
Following up the habits of self-made millionaires, you will find tips on ensuring your family and children learn responsible ways to manage their money. Investing in them is investing in your children’s future, and setting a good example is the first step.
The Richest Man in Babylon
The Richest Man in Babylon is another tried-and-true approach to getting finances in order. This book will help make sure you know how to treat your paychecks and money coming in: think of life in the future and always pay yourself first. Once you get into this habit, you can focus on adopting the author’s other points and learning the investing basics. Overall, this is a great read for making simple changes to how you view money, then starting on the path forward to increasing your wealth.
The Index Card
Here’s one of the newer publications in personal finance: The Index Card came out in 2016 after the authors decided to break down all personal finance advice into points small enough to write on an index card. They explain these rules in detail, including saving, contributing to retirement accounts, paying off credit cards, and other concepts in a lot of detail, and they show why these principles are the bedrock for a healthy financial life. You don’t need to look for complicated ways to improve financial well-being; it’s about following time-tested strategies to build up your stash.
Millionaire Real Estate Investor
After going through the basics, take a look at Millionaire Real Estate Investor for everything you need to know (and misconceptions to forget) about real estate investing. As the author shows, you don’t have to start off with buckets of extra cash or huge properties to be successful He also presents helpful tips to approach real estate as a new potential investor. Plus, he has gotten plenty of successful investors to weigh in with suggestions and quotes about their own experiences, so you can see a range of success stories throughout the book.
Conclusion: Up Your Financial Game This Summer
This wide range of suggestions should help you cover the key personal finance basics, learn how to teach and support your family in their financial journey, and start or improve your investment strategies. Not bad for a few summer days! Once you have spent time putting your own finances into order, start putting your money to work. Here’s to your new financial literacy and mindset on money. Keep up the good work.
Article written by Katharine Rudzitis of ARicherYou.com.