Financial Books

Young Woman Reading

Valuable Financial Books

Written by: Annette Harris, May 9, 2021

There are times in your life when managing your finances may not be the easiest thing to do without help. There are many resources available on the market, and the options of where to turn can be overwhelming. I've read many financial books, but there are two that have benefited me the most. The books are "Rich Bitch” by Nicole Lapin and "Rich Dad Poor Dad" by Robert Kiyosaki. These books have allowed me to determine that we all make mistakes when it comes to managing our money and that by communicating with others, you can accomplish your financial goals.

‘Rich Bitch’ by Nicole Lapin

"Rich Bitch” by Nicole Lapin details her journey through life and the challenges and opportunities she faced. It includes a 12-step plan on how to get your finances in order. However, you do not have to follow the plan in order. Everyone's financial situation and journey are different, so you can pick a step in the plan and tailor it to your specific needs. As I mentioned in Bob Haegele’s article 10 Financial Books That Will Change Your Life (and Finances) on Yahoo Finance, “Rich Bitch” details real-life situations that can help you change your life.

‘Rich Dad Poor Dad’ by Robert Kiyosaki

"Rich Dad Poor Dad" by Robert Kiyosaki details pivotal advice that he received from a rich and poor dad's perspective. Gaining financial advice as a child can help your child build a solid foundation for the decisions they will make throughout their life. It will also allow them to align themselves with like-minded individuals that can aid them in achieving their goals. In this book, one of the critical items that stuck with me was Robert's advice to evaluate who you align yourself with. If your friend's lives or actions don't align with your future goals, then you should reevaluate your friends. Then, you can influence your friend's lives and educate and influence them to make sound financial decisions, or you can change your friends entirely by moving on in life. Ultimately, if you can't change your friends, you should change your friends.

See: Where Americans Get Financial Advice

Understanding the basics of financial literacy is an essential aspect of getting your finances in order. These two books can guide you in achieving your financial goals and can be used as a resource to stop making the same financial mistakes. Once you understand the basics of personal finance, you can use the tips offered to increase your wealth and accomplish your financial goals. Bridging the gap between where you are and where you want to be is the desired outcome.

Video: Tips for increasing your family’s wealth and financial wellness.