Weekend Reading: 6 Books That Will Make You Richer | Refresh Financial

Weekend Reading: 6 Books That Will Make You Richer

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When it comes to wealth and money management, there is so much information out there to consume, it’s hard to know where to start. The fact that you’re reading this means you’ve already started navigating the overcrowded waters of finance education. But where do you go from here?

Aside from taking an expensive course at your local community college, the next best thing is books. There are a ton of people out there with ample knowledge, experience and the talent to teach, who have written beloved books on the topic of financial wellbeing. It comes right down to this: Who better to learn from, then the people who have created their own wealth? Someone who has been there, done that, is going to impart the best tricks of the trade so that maybe one day, you can be as financially secure as they are.

There are six staple books for thinking about your own wealth that you should start with. They are:

total-money-makeover-2

Total Money Makeover by Dave Ramsay - We’ve mentioned Dave Ramsay before in our look at Shaycarl, the YouTuber who dug himself out of over $100k in debt. Ramsay was the inspiration behind Shaycarl’s transformation, sort of like a financial sherpa leading Shay to wealth and freedom. Ramsay is a celebrated icon, with podcasts, radio shows, books, workshops and more that have freed countless people from the shackles of overwhelming debt. The man knows his stuff. Curling up on the couch with a cuppa and tackling this book will leave you with more knowledge than you need on how to turn your finances around.

The Millionaire Next Door by Thomas J. Stanley and William D. Danko - This bestseller is an absolute must-read as it covers the characteristics most of the world’s wealthy seem to have. The book is the result of a study done on the habits and attitudes of people who have a net worth well into the millions. A very scientific approach to wealth, this book is extremely revealing and contains a few surprises.

Debt-Free by 30 by Jason Anthony and Karl Cluck - We talk a lot about debt and credit here on the Refresh Financial blog. Refresh Financial is committed to helping Canadians get out from under their heavy debts and rebuild their credit, so it’s only natural this book made the list. From the Amazon synopsis:

Are you limping towards the big three-oh one minimum payment at a time?

Are you "on your own" but still asking your parents for cash each birthday?

Do you crumple up your ATM receipts to avoid looking at the balance?

Are friends in the same income bracket beginning to pull ahead of you?

If you're young, smart, and drowning in debt, Debt-Free by 30 offers a practical, step-by-step plan to help rescue you from the financial abyss. Written by two twentysomethings who found their way back from the horrors of overwhelming debt, this authoritative guide reveals the secrets of debt-free living.

The Richest Man in Babylon by George S. Clason - This book is a little different. Some people feel weird reading it, as it’s written in a moral-of-the-story style, based on Babylonian parables. It is in a way, storytelling for adults. Many people credit the principles illustrated in this book for their wealth and financial stability and it has never stopped being a must-read for those who want to be wealthy, since its first publication in 1926.

Rich Dad Poor Dad by Robert T. Kiyosaki - A timeless classic. You’ve likely heard of this book before. While some don’t appreciate his style, Kiyosaki imparts some priceless knowledge about investing and personal finance that can change your world. He pokes holes in some of our most traditionally cherished money wisdom and leaves you with the knowledge and road maps to building personal wealth.

I Will Teach You To Be Rich by Ramit Sethi - Sethi lays out a six-week program to changing your habits when it comes to money. It’s simple because it’s geared towards those who want to make a change without it consuming all of their time. His style makes it easy to read, and before you know it, you’ll have absorbed more knowledge about personal finance than you’ve learned in your entire life before this book. This is an absolute must read.

While most of these books are geared towards Americans, and some of them are geared toward an audience in another era, each contains money management principles that will change your life. I know you want to dive into the latest Stephen King book, but maybe put that on hold and choose one of these this weekend. Take that first step towards financial wellbeing.

What are your favourite books about money? Let us know in the comments!

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