“The more that you read, the more things you will know. The more that you learn, the more places you will go.”
What did your teachers make you do in grade school? READ. What did you in college that you paid entirely too much for? READ. What do you do when you’re driving down the road and don’t know which way to go? READ! Do you see the correlation between reading and knowledge? Reading is so powerful. Reading is fundamental to your success.
Your frugal friend wasn’t always great at money management. The only thing I knew about money was that you had to work to earn it and use it to pay bills. I got tired of being broke and naive, so I started reading books that taught me how not to be broke. I educated myself on the principles that were taught and applied it accordingly. Everything you read may not be helpful, so take what you need and leave the rest. Take what you learn and put it into practice. Knowledge is what can separate you from the pack. It can take you as high as you want to go if you put it into action.
Keep in mind that at the end of the day it’s YOUR money, so everything that happens is ultimately YOUR responsibility. There’s nothing wrong with having an accountant or financial manager, however, you should also have a basic understanding of how money works. I had little to no understanding of how to manage my finances until I visited the library and turned to page one. Below are some of my finance favorites that helped me become debt free:
- Your Money or Your Life by Vicki Robin
- The Money Book for the Young, Fabulous, & Broke by Suze Orman
- Dave Ramsey’s Complete Guide to Money by Dave Ramsey
- The Cold Hard Truth on Men, Women, and Money by Kevin O’Leary
- The Millionaire Next Door by Thomas J. Stanley
- The Courage to be Rich by Suze Orman
- Smart Women Finish Rich by David Bach
- Rich Dad, Poor Dad by Robert Kiyosaki
- Secrets of the Millionaire Mind by T. Harv Eker
The books are in no particular order, yet they are all helpful in their own way. Feel free to take bits and pieces from each book and apply them as you may. I attached the Amazon links to each book, but if you’re looking to save some money, there are used books available for a fraction of the price at abebooks.com. Your local library is also a free source for finance books. Happy reading!