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 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.
  • Your Money or Your Life Joe Dominguez.

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 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.

How to become financially free in 5 years? ›

5-Step Plan to Achieve Financial Freedom:
  1. Invest in an Insurance Plan: ...
  2. Track Your Expenses: ...
  3. Clear Your Outstanding Debt: ...
  4. Invest In Equity: ...
  5. Build Passive Income:
Dec 12, 2023

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 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 4 rule for financial freedom? ›

Key Takeaways. 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.

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.

What company will pay you $200 to read a book? ›

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 best Dave Ramsey book to get out of debt? ›

  • The Total Money Makeover Book.
  • EntreLeadership Book.
  • From Paycheck to Purpose Book.
  • Breaking Free From Broke Book.
  • Building A Non-Anxious Life Book.
May 31, 2024

How much money is considered financial freedom? ›

Americans say they'd need to earn about $94,000 a year on average to feel financially independent. That's about $20,000 more than the median household income of $74,580.

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.

How to spend money meaningfully? ›

The key, it seems, is to spend money in ways that bring you closer to other people.
  1. Spend money on experiences. ...
  2. Better yet, spend money on experiences you share with others. ...
  3. Spend money on other people. ...
  4. Spend money on the right people. ...
  5. Express your identity through spending. ...
  6. Think less about spending.
Oct 4, 2016

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 salary is needed for financial freedom? ›

It doesn't take an exorbitant salary, either. Americans say they'd need to earn about $94,000 a year on average to feel financially independent. That's about $20,000 more than the median household income of $74,580.

What is the best age to start financial freedom? ›

Attaining financial security can be a daunting task, but it isn't unachievable. It requires a great deal of discipline, setting goals, and making sure you stick to them. If you start early enough—say, in your 20s—and follow the steps listed above, you may become financially secure by the time you reach your 30s.

What is the best financial magazine to read? ›

Here are our picks for the best financial magazines:
  • Wall Street Journal. The Wall Street Journal (WSJ) provides some of the most solid insights into financial and economic topics, mostly focused on the US markets. ...
  • Bloomberg. ...
  • The Financial Times. ...
  • The Economist. ...
  • MIT Sloan Management Review. ...
  • MorningStar.com. ...
  • MoneyWeek.
Jun 1, 2024

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