The world of finance is not for the faint-hearted. It’s an intimidating place where only a select few can make it. But the mentality is one thing that really sets apart the greatest investors and the rest.In fact, the way you think about money and its utility play a huge role in determining if you actually get it or not. Most people have grown up with reinforced limiting beliefs about wealth and money, something that has ultimately hindered them from reaching their full potential.The good news is that it is time to start changing that mentality. Here are ten books that will give you unique perspectives on money and wealth today.
1. Why Didn’t They Teach Me This in School by Cary Siegel
Although this book is not one of the most popular New York Times best sellers, it is an incredibly popular read for good reasons. You see, most of the knowledge we need to make it comes from experience, right?
Besides, most of us don’t even get to learn about money until late in our adult life. This book by Cary Siegel takes a deep dive into the basics of money, targeting mostly young graduates who are just starting out in life.The book was published in 2013, and the print length is just 188 pages. You can therefore be able to read it very fast. It is also available on Amazon Kindle, and you can still get an audio version if you want. Why Didn’t They Teach Me This in School by Cary Siegel on Amazon.
2. One Up on Wall Street: How to Use What You Already Know To Make Money In The Market By Peter Lynch
If you are looking for books about investing, you won’t find a better option than this one. The book was published in the 2000s during the Dotcom bubble.
It gives you incredible insights on becoming a savvy investor by leveraging open source and readily available knowledge around you.To this date, this book has sold over 1 million copies. Although some of the lessons there were designed for the markets back then, they are still relevant today. One Up On Wall Street: How To Use What You Already Know To Make Money In The Market On Amazon.
3. Principles for Dealing with the Changing World Order By Ray Dalio
When most people think about personal finance, we often think of it at a very individualistic level. However, finance is much more than what you spend or put in the bank. Many external factors can affect your wealth, the value of money, and even what you can or not do with money.
This book by Ray Dalio takes a broader view of wealth in the context of nations and how this affects the average person. Although you may assume you know everything there is about money, the concepts that Dalio covers in this book will surprise you.From the power of central banks, international reserve currencies, and the future of the US dollar, you will learn so much about what makes wealth work. Principles for Dealing with the Changing World Order On Amazon
4. You are a Badass at Making Money: Master the Mindset of Wealth by Jen Sincero
The title of this book is self-explanatory, but there is more to it than meets the eye. The author simply tries to help you confront some of your limiting beliefs about money.
It’s all about setting your mind right and developing internal positive reinforcement that ultimately pushes you toward wealth.The book also talks about the law of attraction and such concepts. It’s a great read for people who suffer from self-doubt and lack confidence regarding money, wealth, and investments. You are a Badass at Making Money: Master the Mindset of Wealth on Amazon.
5. ‘How Rich People Think,’ by Steve Siebold
Developing the mentality and mindset of a rich person, even if you are broke, can be a game changer in your path toward wealth. Although this is easier said than done, this 2010 bestseller from Steve Siebold will walk you through it.
Siebold published this book after sitting down and interviewing 1000 rich people. At the time, he was just a broke average guy looking for the ultimate secret of money. What he found during these sessions changed his life.The author shares these secrets and simple truths about wealth and money in this book. Once you read it, you will be enlightened on how to channel your mentality toward wealth once you read it. ‘How Rich People Think,’ by Steve Siebold On Amazon
6. The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich
This book by David Bach is also about changing the mentality of money and wealth. The book is based on the premise that anyone can actually get rich and stay rich. It only requires consistency, grit, and the right positive attitude.
This piece has been a best seller in the New York Times, the Wall Street Journal, and the even USA today. To this day, over 1.5 million copies have been sold.If you are looking for smart ways to reinvent yourself and get your finances under control, this should be quite a read. The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich On Amazon.
7. Broke Millennial: Stop Scraping By and Get Your Financial Life Together By Erin Lowry
Undoubtedly, the Broke Millennial is one of the most popular self-help and personal finance books ever written. As the title suggests, this book targets millennials who are facing a much bigger challenge in building wealth in this world.
The book is also a great option for young adults who are just getting started with money. If you know nothing about wealth or perhaps your knowledge is very limited, this is one book you cannot afford to ignore.Everyone is capable of achieving financial freedom and financial success. The broke millennial will open your eyes to these possibilities. Broke Millennial: Stop Scraping by and Get Your Financial Life Together on Amazon
8. This Is the Year I Put My Financial Life in Order by John Schwartz
It’s never too late to get your finances in order. With a little advice and a little commitment, you can dig yourself out of a deep financial hole and thrive again.
This book is all about developing that kind of mentality. In fact, it is about a University of Texas professor who finds himself in a financial quagmire in his late 50s. He then sits down with financial experts and advisors until he finally finds the perfect solution to get his finances in order.You will learn the kind of resilience and mental strength needed to overcome financial ruin and how you can set yourself up for success in the longer term. This Is the Year I Put My Financial Life in Order by John Schwartz On Amazon
9. Everyday Millionaires by Chris Hogan
This book by Chris Hogan is also designed for folks who want to get insights into how high-net individuals think. After all, if you can develop a rich mindset, then it will be much easier to attract money and wealth over time.
The contents of this book are extensive. In fact, it is based on interviews and conversations with over 10,000 millionaires.But in a nutshell, the book begins with the premise that how wealthy you become has got nothing to do with your income. It’s all about how you think. There is, however, more to it than that. Everyday Millionaires by Chris Hogan on Amazon
10. The Richest Man in Babylon by George S. Clason
This classic masterpiece by George Clason is one of the most epic books on personal finance you will ever read. Originally published in 1926, the book has been a mainstay in the self-help segment for almost a century.
The premise of the copy goes back to the ancient society of Babylon. It is believed that the Babylonians were the first society to grasp the concept of money and wealth.This book basically tries to bring out these lessons. Although most of the stuff here is historical in nature, the relevance of this book in modern-day finance is still very strong. The Richest Man in Babylon by George S. Clason On Amazon
Final Thoughts
Reading is one of the best ways to enrich your mind, expand your worldview, and change some of the perspectives that hinder you from total greatness. Although you can read thousands of books on personal finance and development, at the end of the day, what matters is how you implement the lessons.Additionally, feel free to also get expert advice on money and wealth management. Sometimes changing your mentality alone won’t work. You also need a guy to help you understand the nature of money and how to make it work for you.Either way, the ten books above should give you more incentive to change your financial situation today.