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  • Skribentens bildMolly's Money

From +20 years reading personal finance books: My top 4 recommendations

Uppdaterat: 19 mars 2020

Photo by My Life Journal on Unsplash
Just a pretty book picture, they are not the books from the blog post. Photo by My Life Journal on Unsplash

I have been interested in personal finances ever since I was a teenager. I knew I wanted to have financial independence and stability so the best way to have that was to educate myself about money.

These are my top 4 book recommendations if you want to change your money situation around or if you want to take it to the next level. They can all be read without any previous knowledge of personal finances.

1. Rich dad, poor dad by Robert T. Kiyosaki

This book is mainly about the mindset of money and some very smart, strategic ideas. I don't fully agree with everything he says but the overall message, yes.

The way he shows how cash flows between different parts of a person's financial picture is just brilliant. A real eye-opener. I had so many AHA moments from reading and re-reading this book I can't recommend it enough.

2. Millionaire next door By Thomas J. Stanley and William D. Danko

This book is the bible for anyone using frugality and good money management (Molly's Money!) to build wealth. It paints a picture of everyday millionaires in the US and it is not at all what society and the media has made us believe.

3. Worth it by Amanda Steinberg

This book is not a classic in the same way as the others but it's still a very good read. The way she explains about personal finance and how you can think of parts of it as roots, wings etc. is very good. For anyone starting out, it's a great way to learn the basics.

4. The simple path to wealth by J.L Collins

To be honest, I have only read parts of this book but I still want to recommend it here. It is an amazingly simple way to learn about investing and overall personal finances. It also talks about financial independence in the sense of having your investments pay for your running costs to make it optional for you to work.

Thanks for reading!

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