Are you looking to get your finances in order and change your money mindset?
These inspiring money mindset books will have you rethinking everything you know about personal finance and your relationship with money.
These are the types of books that inspired me and gave me great financial tips to improve my financial situation.
These money mindset books are incredibly helpful and I think anyone should grab one or two and give them a read!
About Me: My name is Miguel and I’m a simple living and budget spreadsheet advocate! I’ve been decluttering my life since 2018 and love everything simple living related. I aim to help you learn how to live a simple life, become intentional with your spending, and manage your money right!
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Why Read Money Mindset Books?
Reading money mindset books can help you not only learn more about personal finance but also learn about how to think about money.
Having money is one thing, but knowing how to manage it is another!
Once you get educated and become financially literate, you’ll have all of the tools and knowledge to:
- Save More
- Pay off all of your debt
- Invest wisely
- Build wealth
- Attain financial freedom
8 Money Mindset Books to Improve Your Personal Finances:
Here are the 8 Best Money Mindset Books to Improve Your Personal Finances:
- Psychology of Money by Morgan Housel
- The Millionaire Next Door by Thomas J. Stanley
- The Richest Man in Babylon by George S. Clason
- Choosing to Prosper by Bola Sokunbi
- The 4-Hour Work Week by Tim Ferris
- Rich Dad Poor Dad by Robert Kiyosaki
- Quit Like A Millionaire by Kristy Shen
- Get Good With Money by Tiffany Aliche
1. Psychology of Money by Morgan Housel
The Psychology of Money is one of the best finance books about money mindset!
In the book, the author Morgan Housel explains 19 stories diving into different financial situations and lessons we can learn from each.
One of my favorite things that the book shares is the fact that making money is different than keeping it.
It seems like such a simple concept but very profound…
Here’s the full phrase:
“Getting money requires taking risks, being optimistic, and putting yourself out there. But keeping money requires the opposite of taking risks. It requires humility, and fear that what you’ve made can be taken away from you just as fast.”
Thus the skill of making money and keeping it are two completely different skill sets with different mentalities!
2. The Millionaire Next Door by Thomas J. Stanley
The Millionaire Next Door is an awesome finance book that delves into the concept of who are the rich and what they do.
What do they do with their money and how do they invest?
One of the most telling parts of the book was the fact that many of the millionaires documented drove normal cars, had no debt, and worked regular jobs.
While their income may have been higher than average, their spending habits and smart money decisions of saving and investing led to their wealth.
It’s an interesting read and sheds light on some major millionaire misconceptions.
3. The Richest Man in Babylon by George S. Clason
The Richest Man in Babylon is a classic money mindset book that explores the secrets to personal wealth!
It’s a classic because of its inspirational stories that cover personal wealth, financial planning, and money habits!
4. Choosing to Prosper by Bola Sokunbi
Choosing to Prosper is one of the best books for a money mindset!
The author, Bola Sokunbi creator of Clever Girl Finance, gives great advice from life experience.
Bola is a Certified Financial Education Instructor and provides great insight into success, career advice, business advice, and practical tips to achieve your goals and dreams!
Bola helps you to develop your personal finance literacy and helps you achieve your life goals!
5. The 4-Hour Work Week by Tim Ferris
The 4-Hour Work Week is a classic money mindset book for those looking for a different way of life!
This book is the poster child for those looking to become a digital nomad and travel the world after quitting their 9-5 job.
This book is packed with tips on how you can live a great life on your own terms and gives practical tips to make it happen!
6. Rich Dad Poor Dad by Robert Kiyosaki
Rich Dad Poor Dad is another common finance book for a money mindset that you’ll come across if you’re looking to understand money in a new way.
This book helps you to define “assets” and “liabilities” as well as destroys the myth of going down the traditional path of earning a high income to be rich.
The book also delves into the difference between “working for money and having money work for you”.
7. Quit Like A Millionaire by Kristy Shen
Quit Like a Millionaire is a great finance book for FIRE movement fans!
If you’re unfamiliar with the FIRE community, FIRE stands for Financial Independence, Retire Early.
Basically, this movement is against the traditional path of working for most of your life and then retiring in your “golden years”.
The Author Kristy Shen teaches you how to reduce your spending and find a practical way to retire early!
She retired at the age of 31with a million dollars and taught various methods and tips to quit the rat race forever:
- How to decrease your spending without reducing your quality of life
- Build a million-dollar portfolio
- Make smart investments to survive bear markets
- Use the 4-percent rule
8. Get Good With Money by Tiffany Aliche
Get Good With Money is great for helping you increase your financial literacy!
The Author Tiffany Aliche outlines a 10-step plan to attain financial peace of mind. Tiffany gives practical financial advice to give you a holistic financial education to be completely financially secure and build a wealthier future!
Tiffany uses these tips from her own experience getting into a financial hole and paying off large amounts of debt while building a strong financial foundation.
Her awesome money mindset book is a New York Times, Wall Street Journal, And USA Today Bestseller!
What is The Best Mindset For Money?
While there may not be one particular mindset when it comes to money because everyone’s situation is different, there are some typical money mindset tips that you should follow.
Here are some of the best money mindset tips:
- Spend less than you make
- Track your income and expenses
- Create a budget
- Create an emergency or rainy-day fund
- Create financial goals
- Pay off your debt/stay out of debt
- Avoid bad car payments
How Do I Improve My Money Mindset?
Here are ways to improve your money mindset:
Learn from the best!:
Invest in your financial education and consume content related to personal finance:
- Finance YouTube Channels
- Finance Books
- Finance Podcasts
8 Money Mindset Books to Improve Your Personal Finances
About Me: My name is Miguel and I’m a simple living and budget spreadsheet advocate! I’ve been decluttering my life since 2018 and love everything simple living related. I aim to help you learn how to live a simple life, become intentional with your spending, and manage your money right!