Budgeting and managing money may seem easy, but if it were, most millennials wouldn’t be drowning in debt. Here I will list the top 8 must-read personal finance books for a better 2017. Millennials – these books will help you get your personal finances in tip-top shape:
1. Think and Grow Rich by Napoleon Hill
2. The Millionaire Fastlane by MJ DeMarco
MJ Demarco takes a unique approach in teaching you how to acquire wealth. He raves, there are three options when it comes to wealth, the fastlane, the slowlane, and the sidewalk. If you want to acquire real wealth read this and discover how to shift from the sidewalk to the fastlane.
3. Secrets Of The Millionaire Mind by T. Harv Eker
As the title suggests Eker breaks down the mind of millionaire and compares it to that of a poor man. In doing this the reader is able to find a clear distinction between the poor man and the rich man. Thus showing wealth starts with a mindset and can be achieved no other way.
4. The Millionaire Mind by Thomas J. Stanley
The basis of The Millionaire Mind is to provide an overview of the average millionaire, notthe fortune 500 millionaires, but the ones that made their money through a very attainable means. The author takes the approach of supplying the reader with statistics about the average millionaire, which makes the reader feel like becoming a millionaire is no longer a wild dream but an attainable goal.
5. The Secret by Rhonda Byrne
The Secret is a book based on the law of attraction. A universal law that when learned how to harness, anyone is able to attract the amount of money they desire. Byrne gives multiple testimonials of people applying the law of attraction and getting exactly what they imagined many years prior.
6. The Total Money Makeover by Dave Ramsey
One of the greatest books in it’s category. If financial literacy is what you seek then look no further. Ramsey takes a very educated approach to teaching his readers how to properly handle their money. He does this by using factual evidence and saying things like, “A new 28,000 car will lose about 17,000 of value in the first four years you own it. To get the same result, you could toss a 100 bill out the window once a week during your commute.” The author provides practical, baby steps that if taken, will help you learn how to properly handle money.
7. The Millionaire Next Door by Thomas J. Stanley
Yet another book that teaches people the proper steps and attitude to attain wealth. One of the main points made by Stanley is that it’s not how much you make that makes you wealthy it’s what you spend. He gives practical steps for the reader to follow in order to help you out of a debt creating lifestyle.
8. The Richest Man In Babylon by George S. Clason
One of the most commonly known books for money management. Jim Rohn, a very successful motivational speaker, attributes a great amount of his success to this book alone. This book provides multiple money management principles to live by through the telling of a parable. These principles include save, invest, do work you love and become excellent, watch out for self serving brokers, andeducation never stops. Through these principles you can set the foundation for a wildly successful life.