The best books to read to get smarter about your money

by George S. Clason

Countless readers have been helped by the famous “Babylonian parables,” hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. Acclaimed as a modern-day classic, this celebrated bestseller offers an understanding of—and a solution to—your personal financial problems that will guide you through a lifetime.

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Best for Beginners: Broke Millennial

 

Courtesy of Amazon

Courtesy of Amazon

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If you can decipher #GYFLT, then this is the personal finance book for you. (Hint: #GYFLT stands for “get your financial life together” in social media speak.) Erin Lowry’s “Broke Millennial” explains in her signature conversational style how 20-somethings can get in control of their personal finances. From understanding your relationship with money to managing student loans to sharing the details of your finances with a partner, this book covers the biggest money challenges facing millennials today. 

Related: The Best Investing Books for Beginners

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13. Secrets Of The Millionaire Mind by T. Harv Eker

Favorite Quote

Favorite Quote

“If you want to change the fruits, you will first have to change the roots. If you want to change the visible, you must first change the invisible.” — T. Harv Eker

The Book in One Sentence

Secrets Of The Millionaire Mind suggests our financial success is not determined from birth and shows us what to do to break through mental barriers and acquire the habits and thinking of the rich.

Why should you read it?

After an absolute rollercoaster of building, selling, losing, and failing at over a dozen businesses, T. Harv Eker analyzed his own relationship with money. He found he’d just emulated his parents’ financial strategies, and so do most of us. This book will help you undo the damaging aspects of that wiring and replace it with solid financial thinking and habits.

Key Takeaways

  1. You naturally tend to replicate your parents’ income strategies.
  2. If you want to control your finances, you first have to realize you’re the one at the wheel.
  3. Don’t despise rich people or you’ll never become rich yourself.

If you want to learn more, you can read our free four-minute summary or get a copy for yourself.

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Best for Spenders: I Will Teach You to Be Rich

 

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Courtesy of Walmart

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Being rich isn’t about not spending money at all. In "I Will Teach You to Be Rich," a New York Times and Wall Street Journal bestseller, financial expert Ramit Sethi explains that you can spend your money, guilt-free, as long as you have it invested and allocated properly. This title talks about how to deal with all the common money pitfalls, from paying off student loans to how to save every month, and even how to talk your way out of late fees. This 10th-anniversary edition includes updated views on technology, money, and psychology, as well as some success stories of readers who have actually gotten rich from reading—you guessed it—Sethi’s book.

Get Free Books for Reading Books

You aren’t always paid in cash when reading books. What if you could earn free books simply for reading them?

A variety of organizations and book review sites will offer free books to encourage people to read their titles, and some apps even are designed to encourage reading with small payments.

4. Lola’s Blog Tours

Lola’s Blog Tours promotes books across various websites and blogs, but it also seeks independent reviews of its featured publications. Readers can watch for review opportunities and request a free review copy. The site looks for experienced reviewers, bloggers and bookstagrammers.

5. Bethany House

Operated by the Baker Publishing Group, Bethany House specializes in Christian titles. The organization seeks reviewers with a platform, such as a blog or social media platform, that can help its authors promote their works, and offers free copies to accepted applicants.

6. Bookshout

Bookshout offers an app that helps users set reading goals and track their progress. When readers meet their goals, they are paid in Bookshout bucks, which can be exchanged for free e-books.

Best for Financial Literacy: I Want More Pizza

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“I Want More Pizza” by Steve Burkholder approaches the subject of personal finance in a way that’s accessible to kids. Burkholder’s writing is entertaining and clear, offering the young reader plenty of relatable anecdotes, examples, and hypothetical questions to ponder. Rather than just telling, Burkholder shows the reader why and how managing money well is so important. 

The book includes an engaging introductory section followed by four larger sections, each referred to as “slices.” The first slice covers “You” and is focused on the reader’s relationship to money, behavior with money, and future goals. The second slice is titled “Saving” and does an excellent job covering the basics of tracking spending and saving money, even on a small income. The third slice, “Growing Your Savings,” is dedicated to investing and compound growth. The fourth and final slice is called “Debt,” which explains debt, credit cards, and paying for college. “I Want More Pizza” is an all-around great introduction to financial literacy for teens and pre-teens.

7. The Millionaire Fastlane by MJ DeMarco

Favorite Quote

“Many people want to change their life, but they are not willing to change their choices, and ultimately this changes nothing.” — MJ DeMarco

The Book in One Sentence

The Millionaire Fastlane points out what’s wrong with the old “get a degree, get a job, work hard, retire rich” model, defines wealth in a new way, and shows you the path to retiring young.

Why should you read it?

This book must have the world’s most misleading title. It’s not a get-rich-quick-scheme at all. Instead, it’s a story of persistence, boldness, risk-taking, and unconventional thinking. After seeing a man in a Lamborghini when he was a teenager, MJ DeMarco knew he wanted to be rich, but he didn’t want to slave away for 40 years to get there. After launching, selling, and re-buying his own company, he retired at age 33 as a multi-millionaire. An inspiring read!

Key Takeaways

  1. Wealth stands for 3 things — and money isn’t one of them: health, relationships, and freedom are what truly matters.
  2. At some point, you must make your income independent of your time.
  3. Think like a producer, not like a consumer.

If you want to learn more, you can read our free four-minute summary or get a copy for yourself.

Read on Four Minute Books

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Best for Older Teens: What You Should Have Learned About Money, But Never Did

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Best suited for older teens, “What You Should Have Learned About Money, But Never Did” offers readers an introduction to personal finance basics like establishing financial goals, paying down debt, starting an emergency fund, and saving for retirement. The author’s conversational writing style and focus on setting up good habits early on make this a great book for teens who are entering the workforce for the first time. 

Written by Sophia Bera, a Certified Financial Planner (CFP) and selected as one of the Investopedia 100 Top Financial Advisors, this approachable read covers teen-friendly subjects like how to start a side hustle and why it’s important to work towards multiple financial goals at the same time, as well as topics more applicable to adults, like student loan repayment and calculating net worth.

Where to begin with money mindset books

If you constantly want to read money books but feel overwhelmed by where to start, here are a couple of suggestions. First, take on one subject at a time.

Start with one topic, preferably a simple one, and read books about that subject or chapters of books until you truly understand it. Examples of topics are budgeting, IRAs, mutual funds, or retiring early.

Next, understand that you can re-read. That’s the great thing about books. You can go back to parts that didn’t make sense and read them repeatedly until you feel like you totally get the concept. Or you can read a book once fast and then again at a slower pace. Whatever helps you learn best.

$500 Quarterly Book Scholarship

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Make Money Translating Books

If you’re a book lover who speaks more than one language, you can make money translating books.

See Also: 13 Best Ways to Prepare for Publishing Your First Book

As the world continues to globalize, translation services grow in importance, and there’s no reason every reader can’t enjoy books from around the planet. Therefore, authors and publishing companies are always looking for readers who can translate their works from one language to another.

9. Babelcube

Babelcube connects self-published authors and those in the book publishing business with freelance translators to create books in languages beyond their original tongue. Translators then earn a share of the royalties from the book’s sales.

Currently translating books into 15 languages, Babelcube also promises translators to see their names printed with credit in the translated book copies.

10

Organizations in need of freelance translators turn to Translate.com to fill their job opportunities. The website features a constantly updated collection of available translation gigs, and freelancers can log in, pass a test and start translating.

Translation jobs include translating text in blog posts, social media posts and even support tickets. Jobs are worked on a first-come-first-serve basis, so translators, who are paid per word, don’t have to worry about bidding on competitive jobs and proving their credentials.

11. Translator’s Base

One of the leading sources of freelance job opportunities for translators is Translator’s Base, where freelance translators can apply for gigs and promote their services.

The website features a frequently updated collection of translation opportunities, including a large number of book translation needs in a variety of languages. Of course, translation gigs aren’t limited to book translations, and Translator’s Base features freelance jobs translating all sorts of texts.

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