One of the best ways to improve your finances is to educate yourself about personal finances, business, entrepreneurship, and behavioral economics. When I was at my highest point in debt and completely depressed and discouraged about my financial future, I went to the library in search for some answers and guidance.
That one visit to the library changed my life. I found easy-to-understand books that not only informed me, but also motivated and inspired me to make significant shifts in how I viewed money and how I viewed my financial legacy.
In the two years that I spent “studying” personal finance, I read dozens of books. Here are but a few of the titles.
Believe me, after reading any of the following books, you will be inspired to stage your financial comeback– shift your money mindset, understand and internalize the habits of pentamilionaires and decamillionaires, and release doubt and financial paranoia.
1. Thomas J. Stanley’s and William D. Danko’s The Millionaire Next Door
If we left it up to reality TV, you would think that all millionaires spend lavishly, make their money over night, and make their fortune in the fields of sports, music, fashion, and entertainment. Definitely, not true! This book opened my eyes to the many preconceptions I held about the habits of the rich. Among the many things that this book taught me, I left clearly understanding that the decision to live frugally, marry a partner more frugal than I am, and sell not-so-sexy goods such as spoons and straws will get you closer to being a millionaire than you think.
2. Kimberly Seals Allers’ The Mocha Manual to Turning Your Profit Into Passion: How to Find and Grow Your Side Hustle in Any Economy
Read this book if you are a black woman that wants to make that transition from being employed to being self-employed. Ms. Seals Allers inspires black women to think big and strategically through sharing her personal story of leaving a prestigious, comfy corporate job at Essence to starting The Mocha Manual empire. What is also great is that each chapter opens highlighting the story of a “little black woman that could and DID.” I believe this book is partly responsible for me deciding to start my blog, conduct financial literacy workshops, and work as a personal finance coach.
Shayla says
Yes, I agree. The Total Money Makeover is a must. Dave Ramsey breaks it down to small tasks so you can focus on getting out of debt and communicating with a spouse, if you have one.
What in the world says
Will look into some if not all of these reads. Thnx
karen thomas says
Oxen-by joe sangl (also I was broke;now I’m not financial course) iwbnin.com
the richest man that ever lived – by Steven k. Scott