4 Books That Will Transform the Way You Think About Money

If you are looking for a way to change your financial habits, change the way you think about money and achieve financial freedom, you may consider improving your finances by reading one of these financial books. 

These four books challenge the traditional view of money and start you on a path to achieving true financial independence. They can help you determine the financial goals you need to set. They can also help you recognize the ways you may be sabotaging your finances and ways to change that.

Regardless of whether you need to change just one or things that are holding you back or you may need to make several small changes to your financial habits, these books can help you get there. 

01
The Millionaire Next Door

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This book by Thomas Stanley challenges the assumptions that most Americans have about being rich. It not only looks at the habits of the average millionaire but also the common mistakes that most Americans make while trying to build wealth or when they want to act as though they are wealthy. 

This is a must-read if you want to understand the difference between the truly wealthy and well, everyone else. 

02
The Total Money Makeover

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Dave Ramsey's infamous book challenges the way that you look at your money. It provides an excellent plan that will help you to get out of debt so that you can truly begin to build wealth.

In this title, Ramsey lays out his seven-step plan that will lead to your financial independence. While the plan is hard to follow, it is an effective means of getting out of debt and getting your finances on track. 

03
Rich Dad, Poor Dad

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Written by Robert Kiyosaki and Sharon Lechter, the author explains how he learned from his best friend's dad about how to look at money in a different way. 

He talks a lot about earning income from more than one source, and he talks about using real estate to build wealth. He also talks about evaluating things to see how much they are costing you. For example, he points out that a house may not be an asset if it is costing you money each month.

This is a great pick if you are looking to build wealth and become financially independent. 

04
Your Money or Your Life: Transforming Your Relationship with Money

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Written by Joseph R. Dominguez, Monique Tilford, and Vicki Robin, this book will challenge the way that you value your money, your things and your time.

It uses exercises that help you determine if your life goals are being met through your current job and financial situation. The book also contains a plan that can help you to have your financial goals match your life goals.

Even if you do not fully embrace the principles in this book, the basic philosophy and investing strategies can help you to do better financially.

Updated by Rachel Morgan Cautero.