Books that will change the way you think about money

There are a lot of myths about money out there. There are certain books that will change the way you think about money. What’s holding you back from becoming rich could just be your perception and belief about money. David Bach says you’re probably already making enough money to be rich.

Here are some of the books that will change the way you think about money

1. Rich Dad Poor Dad by Robert T. Kiyosaki

Rich Dad Poor Dad is Robert’s story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.

Quotes from the book

It’s not how much money you make it’s how much you keep

“Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”

When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house.

“You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something.”

“There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.”

RELATED: 8 Millionaire habits you should adopt

2. Think and Grow Rich by Napoleon Hill

Think and Grow Rich reveals the secrets that can bring you a fortune. By suppressing negative thoughts and keeping your focus on the long term, you can find true and lasting success. Napoleon Hill details his philosophy through the following 13 principles:

  • Desire
  • Faith
  • Autosuggestion
  • Specialized Knowledge
  • Imagination
  • Organized Planning
  • Decision
  • Persistence
  • Power of the Master Mind
  • The Mystery of Sex Transmutation
  • The Subconscious Mind
  • The Brain
  • The Sixth Sense

3. Broke Millenial by Erin Lowry

If you’re a cash-strapped 20- or 30-something, it’s easy to get freaked out by finances. But you’re not doomed to spend your life drowning in debt or mystified by money. It’s time to stop scraping by and take control of your money and your life with this savvy and smart guide.

Broke Millennial shows step-by-step how to go from flat-broke to financial badass. Unlike most personal finance books out there, it doesn’t just cover boring stuff like credit card debt, investing, and dealing with the dreaded “B” word (budgeting). Financial expert Erin Lowry goes beyond the basics to tackle tricky money matters and situations most of us face #IRL, including:
 
– Understanding your relationship with moolah: do you treat it like a Tinder date or marriage material?
– Managing student loans without having a full-on panic attack
– What to do when you’re out with your crew and can’t afford to split the bill evenly
– How to get “financially naked” with your partner and find out his or her “number” (debt number, of course)  . . . and much more.

4. Happy Money: The Japanese Art of Making Peace with Your Money

Become Zen with your money and alleviate your anxieties about finances and earning potential. Ken Honda – Japan’s number-one best-selling personal-development guru – will help you heal your relationship with money and discover the lifestyle that will truly make you happy.

Ken Honda knows that getting rich quick is no way to achieve happiness. Too often, money is a source of fear, stress, and anger, often breaking apart relationships and even ruining lives. Now, with practical and accessible language, the Zen Millionaire (as he is known in Japan) clearly explains how to achieve peace of mind when it comes to money and how to decide which path you should take toward happiness. 

Learn how to change your relationship with money by treating it as a welcome guest – allowing it to come and go with respect without questioning its motives or resenting its fluctuations. Understand and improve your Money EQ, look behind the myth of scarcity, and embrace the process of giving money along with receiving it. 

5. The Psychology of Money

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.

Money – investing, personal finance, and business decisions – is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.  

In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

Books that will change the way you think about money.