Is financial freedom one of your goals? If so, you’re not alone. Most of us dream of having enough money to easily live the life we want. Creating financial plans and sticking to monthly budgets are some tools that can help you achieve those goals. But financial freedom ultimately starts with a mindset shift.
We’ve rounded up five of the best financial books to help you change the way you think about and approach money.
5 Great Books on Finances
Financial Intelligence: How to Be Smart with Your Money and Your Life by Kevin D. Peterson
Looking for a quick read with actionable advice? Peterson’s book is for you. It’s only 75 pages and packed with information to help you increase your financial literacy – ability to understand and apply money management skills. The book is based on the premise that good money management starts with a mindset shift. Peterson breaks down personal finance and gives strategies to help you change your mindset around money. In the end, you’ll have a solid understanding of finances and be ready to take on your money goals.
Spend Well, Live Rich: How to Get What You Want with the Money You Have by Michelle Singletary
Singletary is a syndicated financial columnist for The Washington Post. She and her siblings were raised by their grandmother who made just $13,000 a year. Despite this, Singletary explains, her grandmother owned her home, didn’t have debt, and they never went without. Singletary’s grandmother taught her what it takes to manage money well. In this book, she shares her practical financial advice and personal mantras to help your achieve your financial goals.
Money, A Love Story: Untangle Your Financial Woes and Create the Life You Really Want by Kate Northrup
This book is based on the belief that what you spend money and time on should reflect what you value. That’s why Northrup’s book begins with the “Money Love Quiz” to help you understand your current relationship with money. You use the results as a baseline as you read through Northrup’s practical money – and life – advice. It also includes step-by-step exercises so you can apply what you’re learning so you can shift how you thin about money. Northrup also teaches you how to create a budget, spend wisely, and get out of debt and love the life you live.
The Money Manual: A Practical Money Guide to Help You Succeed on Your Financial Journey by Tonya B. Rapley
Want to improve your financial situation in just 6 months? Think it’s impossible? Feel overwhelmed? Don’t worry. Rapley’s book provides the information and empowerment you need to reach your financial goals. She’s left out all of the fluff so you get the most bang for your buck. Her Money Manual covers everything from setting achievable goals to creating budgets to building credit and eliminating debt. Rapley even covers how to manage student loan debt. Starting your financial journey can feel overwhelming, but it’s easy once you get the hang of it. Rapley’s book serves as a how-to guide on your financial journey.
Lowry is a personal finance expert who specializes in helping 20- and 30- somethings how to manage money. Her book is different from most financial guides. She does more than just cover budgeting and getting out of debt. Lowry also helps you learn how to manage social situations when you’re working on your finances. This is extremely important because one night out could blow your budget. Despite the title, the advice in Lowry’s book is good for anyone who wants to reach financial independence and freedom.
Financial freedom may seem impossible, but it’s really quite simple. Change the way you think about money, develop a plan, and stick to it. Reaching financial goals takes time. It doesn’t happen overnight but it will be worth it in the end. Interested in learning more about PadSplit and how we can help you find an affordable room for rent in Atlanta? Apply today.