Best 3 Personal Finance Books to Change Your Life

As modern life moves faster all the time and we seem to be getting busier by the minute, we are beginning to realize that our obsession with consumption and money is perilous. These excellent books will help you simplify your personal finances and your life as you re-evaluate what it means to be wealthy.

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy

By Thomas Stanley and William Danko

book about millionairesOver the last 20 years, doctors Stanley and Danko have been studying America’s wealthy. Their exclusive research produced some fascinating results. After interviewing countless high net-worth (+$1M) individuals, the authors discovered that nearly every millionaire stereotype we have is wrong. The average millionaire does not live in a mansion, they don’t drive a flashy sports car, nor buy expensive clothes and jewellery. In fact, they live well below their means. Unlike the debt-burdened majority who borrow constantly because their monthly expenses exceed their incomes, most millionaires spend a lot less than they earn. Sounds simple? It is. You too can join the rich, all it takes is discipline in managing your personal finances and hard work.

Over the last 20 years, doctors Stanley and Danko have been studying America’s wealthy. Their exclusive research produced some fascinating results. After interviewing countless high net-worth (+$1M) individuals, the authors discovered that nearly every millionaire stereotype we have is wrong. The average millionaire does not live in a mansion, they don’t drive a flashy sports car, nor buy expensive clothes and jewellery. In fact, they live well below their means. Unlike the debt-burdened majority who borrow constantly because their monthly expenses exceed their incomes, most millionaires spend a lot less than they earn. Sounds simple? It is. You too can join the rich, all it takes is discipline in managing your personal finances and hard work.

Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence


By Joe Dominguez and Vicki Robin

great book about money and lifeA landmark book that really forces us to rethink they way we manage money and its meaning in our lives. By relating money and “life energy” – the time and effort spent on its acquisition, the authors show clearly that there is a choice to be made between quality of life and our obsession for earning more money. Their solution is a 9-step program that helps us to eliminate debt, prioritize our spending and lead a lifestyle that is both Eco-friendly and personally fulfilling.

 

The Simple Living Guide: A Sourcebook for Less Stressful, More Joyful Living

By Janet Luhrs

book about simple livingSimple living is not about pinching pennies or living an austere life. As the author shows it is about philosophy. In her comprehensive book, Mrs. Luhrs shares her tips on how you can simplify every aspect of your life: from managing money, career, and family to taking care of your health. It is a complete guide to help you redesign your life in way that it is aligned with your values and ideals. This is the simple secret to being happy and financially independent.

 

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These books offer plenty of real life examples and practical advice on cutting down on debt and over-consumption while optimizing our lives and personal finances. However, what makes them really life-changing is that they dispel the myths about WHAT real wealth is and HOW to build it.