15 Best Books on Financial Freedom (2024)

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As the old saying goes, knowledge is power. And when it comes to financial freedom, having a wealth of information at your fingertips can be the key to achieving success. Reading the best books on financial freedom can help you stay up-to-date on the latest trends and strategies, learn from the mistakes of others, and gain the confidence and motivation you need to succeed.

A recent 2022 report from Salary Finance revealed that two-thirds of Americans are worse off now than they were one year ago. Meanwhile, the most recent survey from Ipsos revealed that amidst the cost of living crisis, 28% of respondents are drawing from their savings more than usual, while 41% are saving/investing less.

If there was ever a time to focus on your personal finance education, it’s now. Whether you are just starting out on your journey to financial freedom, looking for ways to grow and protect your wealth, or seeking inspiration from those who have already achieved their goals, there is no shortage of amazing books on financial freedom to choose from.

Read next: 30 Financial Hacks That Will Make You Rich

Why read books on financial freedom?

There are a number of reasons why someone might begin reading to advance your financial freedom journey. You might just be starting out by attempting to manage your finances better, or you might just be looking to continue educating yourself on entrepreneurial habits, investing, and more.

The following books are not only educational – they’re inspiring. Books on financial freedom are written by people who have already trodden down that path and found success and can be an amazing way to find new habits and tools not only for your finances but for other areas of your life, too.

Here are just a few of our top picks for the best books on financial freedom and wealth management:

1) Rich Dad Poor Dad by Robert Kiyosaki

Best for: All-round personal finance advice

This is one of the most popular personal finance books of all time, and for a good reason. Based on the experiences of two very different men – one who was born into a wealthy family and another who grew up in a poor family – this book explores the different attitudes toward money and how they shape our financial decisions.

Robert Kiyosaki shares his own story of growing up with two different fathers – one who was poor and uneducated but financially savvy, and the other who was rich but ignorant about money matters. It is a powerful tale that highlights the importance of financial education and investing in your future and is full of practical tips for managing money.

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Whether you’re an entrepreneur or looking to achieve financial independence, this book is a must-read for anyone who wants to build wealth.

Read next: 54 Ways to Make Money From Home Today

2) The Magic of Thinking Big by David Joseph Schwartz

Best for: Changing your outlook on money and your life

With motivational advice and strategies for success, this book is a must-read for anyone struggling to achieve their goals. Whether you want to start your own business, grow your wealth, or simply live a happier and more fulfilled life, this book will help you achieve your goals by teaching you to “think big” and truly believe in your potential.

This isn’t just one of the best books on financial freedom – it also extends to generating a more positive outlook for successful relationships, career moves, and more.

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3) The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J Stanley

Best for: Creating healthy new habits to build wealth

If you’re looking for inspiration from those who have achieved financial freedom, this book is a great place to start. While there are literally thousands (or even tens of thousands) of millionaires on the planet in 2022, and they all reached success in different ways, it’s still fair to assume that there must be some commonly shared traits amongst the most successful people in the world.

In The Millionaire Next Door, Thomas J Stanley draws on decades of research and interviews with over 1,000 millionaires to uncover the surprisingly simple strategies that they used to build their wealth. A must-read for anyone looking to achieve financial success.

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4) 4-Hour Work Week by Tim Ferris

Best for: Budding entrepreneurs

This is a classic book for those seeking financial freedom by pursuing passive income streams and working smarter, not harder. Tim Ferris is one of the founding fathers of pursuing a passive income and promoting the idea of hustling hard without working yourself into the grave – something I think the younger generation is even now aligning itself with.

With practical tips and advice on everything from automating your finances to outsourcing tasks and living a life of minimalism, this book is a must-read for anyone looking to become a successful entrepreneur.

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5) Your Money or Your Life by Vicki Robin

Best for: Easy steps to financial freedom

This book is a practical, no-nonsense guide to taking control of your finances and achieving true financial freedom. Vicki Robin is an extremely motivational speaker and writer, and her book, written in conjunction with Joe Dominguez, features their 9-step program to financial independence.

With advice on everything from reducing your expenses and increasing your income to tracking your net worth, this book is a great resource for anyone looking to take charge of their finances and achieve their financial goals.

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6) Money: Master The Game by Tony Robbins

Best for: All-round finance tips

Tony Robbin’s created his 7-step guide to financial freedom after interviewing 50 experts from the financial world. His simple, actionable advice has been used by millions of people all over the globe

Whether you’re looking to get out of debt or grow your investments, Tony Robbins provides practical tips and strategies that will help you take control of your finances and live the life you want.

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7) The Simple Path to Wealth by Jim Collins

Best for: Newbies to investing

If you’re looking for a simple and straightforward approach to managing your money, this is the book for you. In The Simple Path to Wealth, financial author Jim Collins shares his years of experience and expertise to guide you on your journey toward financial freedom.

If investing has always seemed like an intimidating venture to get started with, this is a fantastic book to give you a clearer understanding of how to approach Index Investing. Whether you are just starting out or are a seasoned investor, this book is a great resource for anyone looking to improve their financial situation.

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8) I Will Teach You To Be Rich by Ramit Sethi

Best for: Building wealth

As the title suggests, this book teaches readers how to achieve financial freedom by focusing on building wealth instead of cutting costs. With tips and advice on everything from saving money to automating your finances and investing for the future, this book is an essential read for anyone looking to take control of their financial situation.

Ramit Sethi is a household name within the personal finance space at for good reason. He’s an extremely motivational speaker and author, with some amazing insights into gaining a higher level of financial independence. One of our top books on financial freedom for sure.

Read next: 12 Finance Bloggers Share Their Best Personal Finance Secrets

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9) Secrets Of The Millionaire Mind by T. Harv Eker

Best for: Insights into successful entrepreneurs and business-owners

Filled with powerful insights and proven strategies, this book will help you achieve financial freedom by changing the way you think and approach money.

Whether you’re looking to boost your income, get out of debt, or manage your investments more effectively, this book will teach you the strategies that millionaires use to achieve their goals.

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10) Broke Millennial: Stop Scraping By and Get Your Financial Life Together by Erin Lowry

Best for: Complete beginners to personal finance management – aimed towards the younger generations specifically

Written from a millennial’s perspective, this book is excellent for anyone struggling to get their finances in order. Erin’s honest, frank story is one that many in their 20s can relate to.

With practical advice and strategies for managing your money, this book will help you cut costs, boost your income, and achieve financial security.

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11) The Intelligent Investor by Benjamin Graham

Best for: Investing your money and building wealth

Considered by many to be one of the best books on investing, this classic guide provides practical advice for building wealth and achieving financial freedom.

Whether you’re just starting out or are an experienced investor, this book will teach you how to make smart investments and grow your wealth over time.

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12) Think and Grow Rich by Napoleon Hill

Best for: Budding entrepreneurs

With advice from some of the most successful businessmen and entrepreneurs in history, this book is a must-read for anyone looking to achieve financial success.

Filled with strategies and techniques for building wealth and achieving financial freedom, this book will help you unlock the mindset of a millionaire and start making your dreams a reality.

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13) The Total Money Makeover by Dave Ramsey

Best for: Debt repayment

Many people struggle to get their finances in order, but with this book, you’ll learn how to achieve financial freedom once and for all. From getting out of debt to growing your savings, Dave Ramsey offers practical advice and strategies for managing your money and achieving financial security.

Whatever your goals may be, this book will help you take control of your finances and live the life you’ve always dreamed of.

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14) Rich Habits: The Daily Success Habits of Wealthy Individuals by Tom Corley

Best for: Building wealth through good habits

Drawing from his extensive research on the habits and behaviors of wealthy individuals, Tom Corley offers a roadmap for achieving financial freedom. With proven strategies and practical advice, this book will help you take control of your finances and live the life you’ve always wanted.

Corley lays out ten simple principles that he has found wealthy people tend to follow, including maintaining a healthy lifestyle, forming good relationships, and surrounding yourself with positive influences. Whether you’re just starting out or are looking to get ahead, this book is a must-read for anyone looking to achieve financial success.

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15) The Psychology of Money by Morgan Housel

Best for: Enhancing your outlook on personal finance

In addition to practical tips and strategies, this book also explores the psychological aspects of money. By understanding how our emotions and beliefs can impact our financial decisions, we can learn to make better financial choices and achieve our goals.

If you want to improve your relationship with money and start building wealth, this book is a must-read.

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Final Thoughts

Whether you’re just starting out or have been trying to achieve financial freedom for years, there are plenty of great books out there that can help you manage your finances and achieve your goals.

From practical tips and strategies to psychological insights into money, these books offer invaluable advice for anyone looking to build wealth and achieve financial freedom. So if you’re ready to take control of your finances, pick up one of these books today and start making your dreams a reality!

15 Best Books on Financial Freedom (2024)

FAQs

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.

Who is the best selling personal finance guru? ›

Suze Orman is a #1 New York Times Bestselling author on Personal Finance, with over 25 million books in circulation, available in 12 languages worldwide.

What are the 5 steps to financial freedom? ›

5 Simple Steps to Financial Freedom
  • Spend less than you earn. This step is an essential building block for financial independence. ...
  • Pay off your debt. ...
  • Invest as much as possible. ...
  • Make the most of tax-efficient accounts. ...
  • Stay consistent.
Apr 12, 2024

How much money do you need to make to have 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 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? ›

Dave Ramsey's bestselling book The Total Money Makeover has been updated and expanded in this special 20th anniversary edition. It features the simplest, most straightforward game plan for completely changing your finances. And, best of all, these principles are based on results, not pie-in-the-sky fantasies.

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 are the five F's of finance? ›

To be truly wealthy, you've got to find a way to convert those figures into experiences and memories. A smart way of doing this is to split your life into five categories: Family, freedom, fitness, fun and fortune. These are known as the Five Fs.

What are the 7 levels of financial freedom? ›

The Seven levels of Retiring Early with FIRE
  • Level 1: Clarity. It's important to know where to start. ...
  • Level 2: Self-Sufficiency. Stand on your own two feet financially. ...
  • Level 3: Breathing Room. ...
  • Level 4: Stability. ...
  • Level 5: Flexibility. ...
  • Level 6: Financial Independence. ...
  • Level 7: Abundant Wealth.

Can I retire at 40 with 500k? ›

The short answer is yes, $500,000 is enough for many retirees. The question is how that will work out for you. With an income source like Social Security, modes spending, and a bit of good luck, this is feasible. And when two people in your household get Social Security or pension income, it's even easier.

What is the fastest way to become financially free? ›

How to Achieve Financial Freedom
  1. Learn How to Budget.
  2. Get Debt Out of Your Life—For Good.
  3. Set Financial Goals.
  4. Be Smart About Your Career Choice.
  5. Save Money for Emergencies.
  6. Plan for Big Purchases.
  7. Invest for Your Retirement Future.
  8. Look for Ways to Save Money.
Feb 2, 2024

What percentage of Americans are financially free? ›

22, 2023 /PRNewswire/ -- Despite most Americans having modest expectations of what it means to attain financial freedom, just 1-in-10 (11%) report they are living their definition of financial freedom, according to a new survey by Achieve, the leader in digital personal finance.

What is the best book to read about making money? ›

Happy Reading!
  1. Rich Dad Poor Dad. ...
  2. Think and Grow Rich. ...
  3. The Millionaire Next Door. ...
  4. The Total Money Makeover. ...
  5. Secret's of the Millionaire Mind. ...
  6. The Science of Getting Rich. ...
  7. I Will Teach You To Be Rich. ...
  8. Money Master The Game.

Which source of finance is the best? ›

Best Common Sources of Financing Your Business or Startup are:
  • Personal Investment or Personal Savings.
  • Venture Capital.
  • Business Angels.
  • Assistant of Government.
  • Commercial Bank Loans and Overdraft.
  • Financial Bootstrapping.
  • Buyouts.

Which is the best financial platform? ›

Best Online Brokerage Accounts and Trading Platforms of 2024
  • Best Overall: Fidelity.
  • Best for Low Costs: Fidelity.
  • Best for Beginners: Charles Schwab.
  • Best for Advanced Traders: Interactive Brokers.
  • Best for ETFs: Fidelity.
  • Best for Options Trading: tastytrade.
  • Best for International Trading: Interactive Brokers.

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