My Recommended Personal Finance Books | By Nate Meharg | Jul 2022

I did not achieve financial independence on my own, but with the help of many people, some from afar, through books. Here are some personal finance books that helped me.

Photo by Ed Robertson on Unsplash

I love this book because it’s straightforward and detailed how to start your journey. It can help you achieve your financial goals without a budget, but instead “consciously” spend your money on your goals. Ramit’s focus on automation and simplicity is a great book.

One downside of this book is that if you’re a planner, it’s hard to think around this philosophy. Another scam is having a problem with your credit card (which most people do). It tells you steps to make sure you never end up with a balance on your credit card.

This is the first finance book I’ve ever read and the first finance guru I’ve ever heard and studied. If you’re in debt and need a plan to get out of trouble, this book is for you. If you take his courses, he covers a ton of excellent financial topics. Most people have questions about Dave’s approach because of his stance on credit cards. I don’t and I’ll tell you why. More than half of people who use a credit card don’t pay it off by the end of the month. Most of us don’t need a credit card. The temptation to overspend is too great. If you overspend or don’t pay off your card each month, it takes away any benefits (pun intended) you’ll get.

I recently ranted about credit cards in this article.

One downside is Dave Ramsay’s approach to investing in actively managed funds. But everything else, good stuff.

This is the second book I’ve read and I love it. It made me see assets and liabilities, which is why I started investing in real estate; the book discusses the concept of balance sheets and income and expenses. Everyone should read it.

However, I don’t want to list one because I question Robert Kiyosaki’s integrity. Especially around the “educational” items they offer. They use high-pressure sales tactics that require you to put their expensive coaching and coaching on your credit card as “good debt.” I know because I’m in love with it. I’m not saying he shouldn’t charge for his courses, but they’re a bit over the top, putting people in debt just to pay for the courses I believe most people drop out of is like praying for the weak and looking for miracles.

Say you want to spend a lot of money on real estate courses. Why not buy a house with that money? You’ll get more education out of it, and you’ll end up with a fortune. Also, bigpockets.com has a lot of free resources.

Having said that, this book is great, and I don’t want to deprive you of the opportunity to expand your mind by not reading it. Robert Kiyosaki’s second book, The Cash Flow Quadrant, is also excellent.

“Simple Path to Wealth” by JL Collin is the big book I didn’t include. That’s because I haven’t read it. I know *gasp. I plan to read it in the future and it will most likely be on my list.

Freelance to Freedom by Vincent Pugliese is a great book. While it’s less about personal finance and more about being a freelancer, I think everyone should read it.

Some of these books will help you find the right path to financial independence. This article is not an exhaustive list of books. There are many more great ones.If you have a recommended book, please comment under the post or private message me Twitter!

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This article is for informational purposes only; it should not be considered health, financial or legal advice. Not all information is accurate.Consult a health, financial or legal professional before making any major decisions

Nate Mehag

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