7 Inspiring Financial Freedom Books (That Will Change Your Life) (2024)

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We spend most of our life earning money, but how much time do we actually spend learning about how to manage it?

Become financially savvy by reading these inspiring financial freedom books.

One of the most important things I did in the past 5 years was spend time reading books to help me escape from a life that I didn’t enjoy.

I would wake up early every day, spend 10-12 hours in a dark office, and go home tired, only to start again the next day.

Reaching financial freedom has truly changed my life.

Can you imagine having enough money to be able to live the life you want without having to go to work every day?

These books will set you on your own path to becoming financially free.

By investing in yourself and in your knowledge, you’ll finally stop worrying about money and actually use it as an instrument to build your wealth.

When I read the first of these books and then discovered the others, I didn’t know how much they would help me towards embracing happiness and follow my true dreams.

I hope you will find them as inspirational and life-changing as I did.

Also read, 13 Best Financial Literacy Books To Grow Your Wealth.

My favorite Financial Freedom Books

1. The 4-Hour Workweek

Tim Ferris is a great entrepreneur. He has sold millions of books and has aninspiring podcast.

I read the Kindle edition of The 4-Hour Workweek on a wonderful beach in Sicily. I hated my job, I was working more than 60 hours a week, and I just wanted a way out.

What I loved about this book is how Tim inspires you to work smarter and not harder. It also encourages you to just stop thinking and start doing. I also embraced his idea of taking mini-retirements during your life. Not all of us want to quit our jobs, but finding the right balance between work and life is essential to be happy!

This book helped me to understand that it is possible to escape the 9 to 5 and create streams of passive income to support your life without being chained at your desk every day!

My favorite quote:

“What would you do if there were no way you could fail?” By Tim Ferris

2. Rich Dad Poor Dad

In Rich Dad Poor Dad, Robert Kiyosaki talks about how he grew up and learned about money from two very different dads (one was the father of his childhood friend).

The very different ideas of his not-so-wealthy dad compared to his wealthy dad’s friend reveal very different ideas on life and wealth.

This book made me realize how important financial education is and how little we are taught about it when we are young.

The difference between assets and liabilities and the importance of having money working for you instead of you having to work for money is the biggest lesson I learned from Rich Dad, Poor Dad.

My favorite quote:

“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” By Robert Kiyosaki

3. The Magic of Thinking Big

The first edition of this book by David J Schwarz is quite old. It was first published in 1959, but there is a reason why over 6 million people have read it and loved it: its message is as relevant today as it was back then.

The book is all about self-confidence, removing negativity, and the importance of believing in yourself. Only by thinking big and surrounding yourself with positivity, you can achieve happiness!

Why limit yourself?

My favorite quote:

“Believe it can be done. When you believe something can be done, really believe, your mind will find the ways to do it. Believing a solution paves the way to the solution.” By David J Schwarz

4. The Millionaire Next Door

BY THOMAS STANLEY AND WILLIAM DANKO

A great insight into who the real millionaires are – people that live well below their means and achieve great wealth through hard work and savings.

Thomas Stanley interviews hundreds of millionaires, and they couldn’t be more different than what you think. They won’t often come from Hollywood, but they are often living next door.

Truly inspirational if you aim to be a millionaire yourself one day.

My favorite quote:

“Wealth is not the same as income.”By Thomas Stanley

5. The Simple Path to Wealth

I have always been terrified of investing in the stock market as I am the worst gambler in history.

Once I went to Vegas and couldn’t even bring myself to play at one of the tables. I have always seen investing in stocks as gambling and stayed well clear of it for ages.

Then I discovered Index Investing, Vanguard, and The Simple Path to Wealth.

I can’t say I am now a great investor, and I am still worried about the market being overvalued, but this book from Jim Collins gives you a great insight into Index Investing and the reasons why it has worked for so long.

If you want your money working for you, you are looking for a simple approach, and you don’t want to play with risky strategies, this book is for you.

It’s been one of the best, easy-to-read financial freedom books I’ve read to help me in my investment journey.

My favorite quote:

“There are many things money can buy, but the most valuable of all is freedom. Freedom to do what you want and to work for whom you respect.”By Jim Collins

6. The Bogleheads’ Guide to Investing

Another straightforward guide to investing that will advise you on how to lay the foundations to create long-term wealth.

This book focuses on passive investing strategies based on investing in low-cost index funds.

It’s a great guide if you have managed to save money but aren’t sure about how to invest it meanwhile wanting a solution that won’t let you lose any sleep over it.

My favorite quote:

“A 25-year-old who invests $5,000 in a Roth IRA once a year for 40 years reaches age 65 with a tax-free fortune of $1,625,149.”By Tailor Larimore

7. Financial Freedom

I was fortunate enough to read one of the final drafts of this book before it was published. Grant is an amazing blogger who managed to go from $2.26 to over $1 million in only 5 years.

Financial Freedom gives you everything you need to start living a better life!

I love when Grant says:

“Making a lot of money isn’t the point. Time is!”

You cannot buy time back, and by learning how to manage your money in the best possible way, you can buy your freedom!

This book will teach you everything you need about side hustles, hacking your 9 to 5, investing, saving, and more.

My favorite quote:

“Making a lot of money isn’t the point. Time is!”By Grant Sabatier

Ready to kickstart your road to financial freedom?

I hope these financial freedom books will inspire you as much as they have inspired me! Start learning today about how you can improve your wealth.

Money isn’t the most important thing in life, but knowing how to manage it will really set you free!

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7 Inspiring Financial Freedom Books (That Will Change Your Life) (2)

Read More About Financial Freedom

  • 31 Best Passive Income Ideas to Quit Your Day Job

  • How To Reach Financial Freedom in 7 Easy Steps

  • 13 Best Financial Literacy Books To Grow Your Wealth

  • 11 Best Financial Independence Books

7 Inspiring Financial Freedom Books (That Will Change Your Life) (2024)

FAQs

7 Inspiring Financial Freedom Books (That Will Change Your Life)? ›

You can choose the job you want. You can buy the things you want. It also gives you the freedom to make choices based on long-term outlooks. Financial freedom gives you a fresh perspective on life, so you can make decisions based on your values, lifestyle, and life goals rather than purely on money.

What are the 7 steps to financial freedom? ›

You can too!
  • Save $1,000 for Your Starter Emergency Fund.
  • Pay Off All Debt (Except the House) Using the Debt Snowball.
  • Save 3–6 Months of Expenses in a Fully Funded Emergency Fund.
  • Invest 15% of Your Household Income in Retirement.
  • Save for Your Children's College Fund.
  • Pay Off Your Home Early.
  • Build Wealth and Give.

What is the best book on financial freedom? ›

  • The Total Money Makeover: A Proven Plan for Financial Fitness Dave Ramsey.
  • Unshakeable: Your Financial Freedom Playbook Anthony Robbins.
  • MONEY Master the Game: 7 Simple Steps to Financial Freedom Tony Robbins.

What is the best financial book out there? ›

  • Best on Personal Finance: Rich Dad Poor Dad. Buy on Amazon. ...
  • Best for Investing: A Random Walk Down Wall Street. Buy on Amazon. ...
  • Best Global Perspective: The Silk Roads: A New History of the World. Buy on Amazon. ...
  • Best Biography: The Snowball: Warren Buffett and the Business of Life. Buy on Amazon.

How does financial freedom change your life? ›

You can choose the job you want. You can buy the things you want. It also gives you the freedom to make choices based on long-term outlooks. Financial freedom gives you a fresh perspective on life, so you can make decisions based on your values, lifestyle, and life goals rather than purely on money.

What are the Dave Ramsey 7 steps? ›

Dave Ramsey's post
  • Put $1,000 in a beginner emergency fund.
  • Pay off all debt using the debt snowball.
  • Put 3–6 months of expenses into savings as a full. emergency fund.
  • Invest 15% of your household income for retirement.
  • Begin college funding for your kids.
  • Pay off your home early.
  • Build wealth and give generously.
Mar 19, 2024

What are the 7 levels of wealth? ›

The 7 Levels of Wealth: Level 1: Living paycheck to paycheck Level 2: Budgeting money Level 3: Paying down debt Level 4: Saving an emergency fund Level 5: Investing Level 6: Multiple income streams Level 7: Financial freedom Money is a tool.

What does the Bible say about financial freedom? ›

Psalm 37:21 says "the wicked borroweth, and payeth not again." The minute a person goes into debt, he loses a portion of his freedom. As Proverbs 22:7 says, "The rich ruleth over the poor, and the borrower is servant to the lender."

What are the greatest enemy to financial freedom? ›

Debt can be the biggest obstacle between you and financial freedom.

What is the fastest path to financial freedom? ›

If you have several ways of earning money, you can save more and are less likely to go into debt, even if one of your income sources is compromised. Aside from your primary income source, you can apply for a part-time job, take up a side hustle, or start a small business from home to earn more money.

What company will pay you $200 for every book you read? ›

Really! In good news for—likely every reader on this website, a company called WordsRated is looking for “Bibliofile-at-large” (i.e. contractors) to… read books for them. For every book you read, they'll pay you $200.

What is the most sold financial book in the world? ›

Rich Dad, Poor Dad by Robert T. Kiyosaki is the best-selling finance book in the world. It has been translated into several languages and sold in many countries.

What are the best self-help books? ›

The Greatest Self-Help Books Of All Time
  1. Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear (2018)
  2. The Artist's Way by Julia Cameron (1992) ...
  3. Dare to Lead: Brave Work. ...
  4. The Things You Can See Only When You Slow Down: How to Be Calm in a Busy World by Haemin Sunim (2017) ...
Mar 24, 2024

What is the secret to financial freedom? ›

Make a budget to cover all your financial needs and stick to it. Pay off credit cards in full, carry as little debt as possible, and keep an eye on your credit score. Create automatic savings by setting up an emergency fund and contributing to your employer's retirement plan.

How to become wealthy? ›

How To Get Rich
  1. Start saving early.
  2. Avoid unnecessary spending and debt.
  3. Save 15% or more of every paycheck.
  4. Increase the money that you earn.
  5. Resist the desire to spend more as you make more money.
  6. Work with a financial professional with the expertise and experience to keep you on track.
Apr 11, 2024

What are the 7 steps of financial planning? ›

Financial Planning Process
  • 1) Identify your Financial Situation. ...
  • 2) Determine Financial Goals. ...
  • 3) Identify Alternatives for Investment. ...
  • 4) Evaluate Alternatives. ...
  • 5) Put Together a Financial Plan and Implement. ...
  • 6) Review, Re-evaluate and Monitor The Plan.

What is the 4 rule for financial freedom? ›

The 4% rule suggests that retirees can safely withdraw 4% of their portfolio in the first year of retirement and then adjust that amount annually for inflation over the course of at least 30 years without having to worry about ever running out of money.

What is the 50 20 30 budget rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings.

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

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