Becoming financially successful typically cannot be done overnight. It takes a lot of time, practice and decision making to reach the ultimate peak. However, you don’t have to wait until your retirement to live financially free. One of the best things an individual can do to practice financial success is to read. Although it doesn’t sound like much, reading can help expand the mind of individuals and fill your brain with the confidence and power for strong decision making, problem solving, and analytical thinking. Here are 5 books you should read before turning 30, to get on the road to a financially free life.
Thinking Fast and Slow by Daniel Kahneman
As previously mentioned, decision making is a very important aspect of finance. Kahneman talks in detail about the two different types of thinking that drag our minds into making decisions, allowing us to understand the reasons behind why and how we make important, life decisions. This book will allow open your mind up in the way that we think and allow you to make choices in a way you never have before.
Debt-Free By 30 by Jason Anthony and Karl Kluck
As many people are burdened with debt, they also tend to think that there is no way out. However, Debt-Free by 30 offers resources, tools, and advice by two young men who have reached their peak debt point. The authors were living for and under control of their debt, when they decided it was time to get their lives back. Anyone who’s ever felt like they will never get their life back should consider reading this book and becoming prepared for the challenges that life can take us by. There is a way out.
The Money Book for the Young, Fabulous & Broke by Suze Orman
As many young people graduate high school and college and look for the next step in their lives, it is no surprise that millennials don’t know where to begin their financial journey. This book is a step by step guide in understanding your finances straight out of school. It even includes financial vocabulary to help reader gain a thorough understanding of finances in life. Schools typically don’t teach finances in today’s world, so whether you’re looking to buy a house, get out of debt, or come up with a financial plan, this book is a must read.
The Millionaire Next Door by, Thomas J. Stanley and William D. Danko
Many people believe in order to become a millionaire, one must be born into money. However, this book will help you understand why this concept is a myth and what it really takes to become a millionaire. Through hard work, dedication, and financial planning, you can be on your road to financial success.
The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money by Carl Richards
We live in a society where buying things for satisfaction controls our financial decisions and spending habits. Richards explains in detail the theory of “the behavior gap” for consumers to understand their reality and have the ability to change their train of financial thought.