Your thoughts on “How to become a financially independent person?” brought you here. So, keep up with your goal and continue reading the article; it is time to discover what will bring you to financial independence.
Every goal starts with a huge amount of research, and in this case, your best research tools undoubtedly are books. There are tons of books referring to finances and financial stability that will help you dive into the business world. Your first step is to find the perfect one that will lead you to the path to financial independence.
Find in this article a compiled list of the top 10 must-read financial freedom books that will teach you how to retire early.
It is time to find out which book will become your best friend during your financial independence journey.
“Rich Dad, Poor Dad” by Robert Kiosaki
Summary:
The book demonstrates to us the story of Robert Kiosaki’s himself. As a child, he noticed that his dad, the “Poor Dad,” and his friend’s dad, the “Rich Dad,” both worked hard for money, but the difference between them was that his dad never used financial advantages to make more. In order to find out the answer to how to make your money work for yourself, you will need to read the book.
Why You Should Read This Financial Independence Guide:
The book perfectly showcases the difference between “rich mindset” and “poor mindset”. “Poor mindset” insists that for your wealthy future, you need to study well, graduate, find a job, and make savings and invest to have a wealthy retirement. Whilst, in contrast to that, the “rich mindset” emphasizes the fact that all you need is to develop your financial IQ. In order to learn how to obtain your “rich mindset” and develop financial IQ, this book is a perfect catch for you.
Quote from The Book:
“Workers work hard enough to not be fired, and owners pay just enough so that workers won’t quit.”
– Robert T. Kiyosaki, Rich Dad, Poor Dad
“The Psychology of Money” by Morgan Housel
Summary:
Have you ever thought that on your financial freedom path, your behavior is more important than your knowledge, and how well you deal with your money? As the author mentions, accurate behavior is very hard to teach even to sharp-minded people. What is interesting about this book is that it demonstrates how personal finance can be intercorrected with psychology.
Why You Should Read This Financial Independence Guide:
This book will become your guide to learning various financial tools. Read and find out how the investors should avoid all of the possible risks. Discover the most effective wealth-building tools. Moreover, the author demonstrates to us how our brains hold us back from a more thriving future. It is important to learn about the psychology of money and habits that hold you back.
Therefore, it is important to secure our mind with the right thought and ourselves with the right habits.
Quote from The Book:
“Spending money to show people how much money you have is the fastest way to have less money.”
– Morgan Housel, The Psychology of Money
“Financial Freedom: A Proven Path to All the Money You Will Ever Need” by Grant Sabatier
Summary:
In “Financial Freedom,” the author shows us a more effective path towards financial freedom and insists that it takes much faster than traditional long year career paths.
Grant Sabatier, in his book, ensures that, in order to achieve financial independence, you will need to cut your expenses strategically, come up with a forward-thinking strategy of increasing income, invest wisely, and forget about traditional retirement savings.
Why You Should Read This Financial Independence Guide:
In the book, you will find a 7-step financial plan that will guide you to your financial independence. The main idea of this book is that financial freedom is not only for your retirement years; you can make it available much sooner by taking the right commercial decisions.
Quote from The Book:
“Spend money on what you really value and save on what you don’t.”
– Grant Sabatier, Financial Freedom
“Think and Grow Rich” by Napoleon Hill or Financial Independence Guide
Summary:
Think and Grow Rich is an absolute best-seller in financial literature. It tells us how to achieve financial freedom. The book is written according to the interviews with business titans of the early 20s, like Henry Ford, J.P. Morgan, and John D. Rockefeller. Each chapter will lead you towards a productive life by teaching you how to set your goals correctly.
Why You Should Read This Financial Independence Guide:
Think and Grow Rich, in other words, is a guide to success. What catches in this book is the positive thinking philosophy and how it can be life-changing. The book will show you how your ideas can be real and offer a plan for how to achieve them. Focus on your desires and transform your thoughts into riches.
Quote from The Book:
“Happiness is found in doing, not merely possessing.”
– Napoleon Hill, Think and Grow Rich
“The Simple Path to Wealth” by J.L. Collins or “Financial Independence Planner”
Summary:
The book is a series of letters from the author to his daughter, where he teaches how money works and how to invest successfully, avoiding charlatans. The author shows us the simplest truth that money is the most powerful tool of navigation in this complex world. Besides learning how to achieve financial freedom, it is important to learn about budgeting hacks to build financial strength.
Why You Should Read This Financial Independence Guide:
The main idea of the book is freedom. In the financial world, it is important to avoid complex investments. The more complex the investments become, the more profitable they become for those who create it , and more expensive for the investors. Read this book and learn everything about investments and how to make one of the most effective of them.
Quote from The Book:
“You own the things you own and they in turn own you.”
– J.L. Collins, The Simple Path to Wealth
“The Richest Man in Babylon” by George S. Clason or “Steps to Financial Freedom“
Summary:
“The Richest Man in Babylon” is one of the classics in its genre. This book from the early twentieth century tells us about financial investment and monetary success. The book will take you to one of the wealthiest ancient cities, Babylon. The author mainly emphasizes the phenomenon of why people back then were rich.
The main idea of the book is the importance of constant learning and seeking advice from financial experts.
Why You Should Read It:
This series of 8 parables are full of tips and tools of wealth principles and financial success. The main idea of the book is that anyone can make wealth by following the simplest rule to pay yourself first, invest them wisely, therefore making your money to work for yourself.
In the book, most of the parables centre around the richest man of Babylon, Arkad. What was the phenomenon of this man’s wealth? He had an endless amount of gold, and it kept growing and growing. To find out the answer to this question, you have to read the book, and the answer will be your first step towards financial independence.
Why You Should Read This Financial Independence Guide:
“Where the determination is, the way can be found.”
– George S. Clason, The Richest Man in Babylon
“The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime” by M.K. DeMarco
Summary:
This book rejects a well-known dogma: go to school, graduate, get a job, save savings from your paycheck and save money, invest to hopefully retire rich by your 60s. To avoid all of the above, first of all, learn about money-saving hacks that you haven’t tried yet. In the Millionaire Fastlane, the semi-retired author cracks the code of how to become wealthy and have the rich lifestyle of your dreams in no more than 10 years. In other words, call this book a financial plan of how to live rich for a lifetime.
Why You Should Read It:
What catches the reader in this book is that it argues the fact that it takes longer to make wealth and shows you how to find your money fastlane. The book is very catchy for the reader because of the short chapters. Find various examples of how to bring your business plans to life. Read and obtain a new idea of how you think about wealth.
Why You Should Read This Financial Independence Guide:
“If millions seek you, you will be paid millions.”
– M.J. DeMarco, The Millionaire Fastlane
“The Intelligent Investor” by Benjamin Graham or “Investing for Early Retirement”
Summary:
The Intelligent Investor will become your number one tool while gaining discipline over market timing. The book stresses risk management, diversification, and focusing on a company’s permanent value rather than fleeting price fluctuations. Read and build your risk-free path towards the financial market.
Why You Should Read This Financial Independence Guide:
An interesting fact, Warren Buffett (one of the most successful investors in the world) considers this book as one of the best investing books ever written. Yes, indeed, in this book you will not find the way to beat the market. However, you will learn to reduce risk, protect your capital from loss, and generate continuous, sustainable returns. Beforehand, you can also check out investment strategies for long-term growth. Read and obtain with an investor’s mindset.
Quote from The Book:
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
– Benjamin Graham, The Intelligent Investor
“Money Master the Game” by Anthony Robbins or “Your Financial Independence Planner“
Summary:
Are you curious about investments and want to learn about how to correctly spend money and earn even more money? Yes? Then this book is for you. The “Money Master the Game” is a trilogy of books that will help you to navigate into the vague marketing of financial investments and secure your retirement. Discover the steps to financial freedom. Read and learn how to build your steady nest egg, which will become your financial freedom. In his book, Anthony Robins provides numerous examples for each of the topics from investors or other stories he heard.
Why You Should Read This Financial Independence Guide:
We can call this book an extensive research. What is amazing about this book is that Anthony Robbins personally took face-to-face interviews with more than 50 of the most legendary financial specialists in the world. And based on the gained information, the author provided us with simple 7-step hints that even a person with average financial knowledge can use for financial freedom. Read and build your lifetime income plan without any complex financial concepts.
Quote from The Book:
“Remember: we’re drowning in information, but we’re starving for wisdom.”
– Anthony Robbins, Money Master the Game
“A Random Walk Down Wall Street” by Burton G. Malkiel or “Stages of Financial Independence”
Summary:
What this book stands for is that, unlike other financial literacy it tells about the history of financial markets and brings out examples based on historical facts. In this book, you will find various discussions about financial theories. Learn how to invest wisely, since the stock market can never be predicted. An interesting fact to mention is that this book has been sold over 1.5 million times, earning the author great respect in the financial world.
Why You Should Read This Financial Independence Guide:
In “A Random Walk Down Wall Street,” you will learn about the current bitcoin bubble, the “tax-loss harvesting” scheme, the crown jewel of tax management, and automated investment advisers. Learn how to invest and everything about the risk parities. Besides all of the information about correct investments, you will learn how to become confident in your route to today’s financial markets.
A Random Walk Down Wall Street is one of the best sellers as a personal banking guide that brings the reader to a financial journey and shows both past and present investment strategies.
Quote from The Book:
“Never buy anything from someone who is out of breath.”
– Burton G. Malkiel, A Random Walk Down Wall Street
To Conclude Your Future Steps to Financial Independence
Remember, money has the power to both create and destroy. And undeniably, financial education is the key to achieving your business goals without making vital losses. Understanding how money works is the foundation of your planned income and wise investments.
Hope you will find your guiding financial literacy among the listed above Top 10 Must-Read Books for Financial Independence.
