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!

WANT TO LEARN HOW MONEY WORKS?

Free resources and money advice to make money work for you so that you can live your dream life! ♥

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)? ›

Attaining financial freedom is an objective for many. It involves building enough savings, investments, and cash on hand to live the life you desire and pursue your goals without being tied to a traditional job. Financial freedom means our money is working for us rather than the other way around.

What is the best book on financial freedom? ›

2024 Must-Read Books For Achieving Your Financial Goals
  • "The Family Bank: The Key to Generational Wealth" by John H. ...
  • "The 9 Steps to Financial Freedom" by Suze Orman. ...
  • "The Automatic Millionaire" by David Bach. ...
  • "The Total Money Makeover" by Dave Ramsey. ...
  • "Rich Woman: A Book on Investing for Women" by Kim Kiyosaki.
Jan 24, 2024

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 financial book of all time? ›

Here are some of the best financial books of all time.
  1. Rich Dad, Poor Dad. Author: Robert T. ...
  2. Your Money or Your Life. Author: Vicki Robin and Joe Dominguez. ...
  3. Money: Master The Game. Author: Tony Robbins. ...
  4. The Intelligent Investor. ...
  5. The Barefoot Investor. ...
  6. Broke Millennial. ...
  7. The One-Page Financial Plan. ...
  8. I Will Teach You To Be Rich.

How does financial freedom change your life? ›

Attaining financial freedom is an objective for many. It involves building enough savings, investments, and cash on hand to live the life you desire and pursue your goals without being tied to a traditional job. Financial freedom means our money is working for us rather than the other way around.

What is the 4 rule for financial freedom? ›

The 4% rule says people should withdraw 4% of their retirement funds in the first year after retiring and take that dollar amount, adjusted for inflation, every year after. The rule seeks to establish a steady and safe income stream that will meet a retiree's current and future financial needs.

What are the 5 pillars of financial freedom? ›

The five pillars of financial planning—investments, income planning, insurance, tax planning, and estate planning— are a simple but comprehensive approach to financial planning.

What is the 50 30 20 rule? ›

The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

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.

How much money do you need to retire? ›

By age 40, you should have accumulated three times your current income for retirement. By retirement age, it should be 10 to 12 times your income at that time to be reasonably confident that you'll have enough funds. Seamless transition — roughly 80% of your pre-retirement income.

What is the number one selling book of all time? ›

According to Guinness World Records as of 1995, the Bible is the best sold book of all time with an estimated 5 billion copies sold and distributed.

What is the most read book in the world of all time? ›

With over 5 billion copies sold and distributed, the Bible takes the top spot as the most read and widely distributed book in the world. It is considered the holy scripture of Christianity and is also revered by Judaism.

Which is the king of all books of accounts? ›

Ledger is the summary of a journal and it is called the king of books of accounts. A general ledger is also known as T Account. Ledger is considered a secondary record as it is derived from Journal. Ledger is a classified record.

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 financially free in 5 years? ›

In reality, the rule is extremely straightforward. 50-20-30 rules is an easy way to know how to achieve financial freedom in 5 years. Split the cash-in-hand into 3 equal parts as per the rule. 30% of income is spent on wants, 50% on needs, and 20% is set aside for savings and investments.

How much money do you need to be financially free? ›

The cost of living comfortably: On average, Americans feel they'd need to earn over $186,000 to feel financially secure or comfortable, a 20 percent drop from 2023 but still more than two times what the average full-time, year-round worker earned in 2022 (about $79,000), according to Census Bureau data.

What is the best way to financial freedom? ›

How To Achieve Financial Freedom
  1. Clearly Define Your Financial Goals. Start this process by clearly defining your financial goals. ...
  2. Track And Analyze Your Spending. ...
  3. Create A Budget. ...
  4. Pay Off Your Debt. ...
  5. Start Investing. ...
  6. Create Multiple Streams Of Income. ...
  7. Save For The Future.
Jan 20, 2024

What is the best book for financial literacy? ›

Let's dive in.
  • The Richest Man in Babylon. ...
  • Rich Dad Poor Dad. ...
  • In Dave Ramsey's The Total Money Makeover, readers are given a step-by-step plan to rectify their financial woes. ...
  • Your Money or Your Life. ...
  • The Millionaire Next Door. ...
  • The Simple Path to Wealth. ...
  • The Little Book of Common Sense Investing.
Aug 28, 2023

What is the best book to read about making money? ›

Happy Reading!
  1. Rich Dad Poor Dad. ...
  2. Think and Grow Rich. ...
  3. The Millionaire Next Door. ...
  4. The Total Money Makeover. ...
  5. Secret's of the Millionaire Mind. ...
  6. The Science of Getting Rich. ...
  7. I Will Teach You To Be Rich. ...
  8. Money Master The Game.

How much money do you need to make to have financial freedom? ›

The cost of living comfortably: On average, Americans feel they'd need to earn over $186,000 to feel financially secure or comfortable, a 20 percent drop from 2023 but still more than two times what the average full-time, year-round worker earned in 2022 (about $79,000), according to Census Bureau data.

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