Many of us aren’t strangers to books on financial advice. While no book can completely change your life, you might find the right one that can provide you with the information and motivation you need to significantly shift the course of your life for the better. So, what are you waiting for? Take a look at these three recommendations for books regarding personal finance!
The Automatic Millionaire
Straightforward without unnecessary details, the beauty of David Bach’s The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich is that it delivers exactly what it promises: a one-step plan. At first, the book almost reads like fiction with a success story, telling the story of a couple, who earn a modest income –yet owns two mortgage-free homes with significant retirement savings, too. From there, Bach explains a simple, one-step process that will put you in this couple’s shoes — and it doesn’t involve budgeting, gritting your teeth, or earning six figures a year, either.
The Total Money Makeover
When Dave Ramsey talks about money and finances, people sit up and listen—and with good cause. The Total Money Makeover Classic Edition: A Proven Plan for Financial Fitness provides a solid foundation for saving enough money so that the next life emergency won't derail your finances and you can retire comfortably. Ramsey’s cred has always involved paying off your debt so you can get there, and he tells you how. The book also includes new “Dave Rants” that tackle budget-busters like marital difficulties and how to foot the bill when your kids head to college.
The Millionaire Next Door
To truly understand how to accumulate wealth, business professors, William D. Danko and Thomas J. Stanley explores the seven common traits found among millionaires in The Millionaire Next Door: The Surprising Secrets of America's Wealthy. After years of research, the authors found that most of them don't live in Beverly Hills or drive fancy cars. Instead, these people acquired most of their wealth by working hard, living frugally, and saving most of their money. Contrary to the media's flashy depiction of millionaires, the book emphasizes how to get rich without needing a high-profile job or degree.
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