Check out the following titles with Amazon Audible.
Personal Finance for Dummies by Eric Tyson
This book breaks down the terms used in Personal Finance into easily understandable definitions. It provides real-world examples of budgeting, savings, debt reduction, investments, and insurance. While the detail of these items is lacking, it gives an excellent high-level view of Personal Finance.
For me personally, this was an excellent starting point in my journey to being Financially Grounded.
The Wealthy Barber by David Chilton
This book teaches the different aspects of Personal Finance through a story. Roy, the barber, has worked in the profession for several years. Even on the modest income of a barber, Roy has managed to become one of the wealthiest residents of Sarnia, Ontario. Let’s listen while Roy shares his experience and wisdom of all he’s learned, all the while giving haircuts to the three young adults that have come seeking his advice.
Since this information is delivered through a story format, it makes for an enjoyable read and not-so-dry content. I love to read about financial areas, but for a lot of folks, I understand that it can be dry content.
Investing for Dummies by Eric Tyson
Like Personal Finance for Dummies (see above), this book presents the concepts and descriptions of the various types of investments in an easily understandable format. This book dives even further into the topic of investing than Personal Finance for Dummies did.
For me, this was an excellent supplemental to Personal Finance for Dummies that took me further into the rabbit hole and led me to being Financially Grounded.
Rich Dad Poor Dad by Robert Kiyosaki
Rich Dad Pood Dad is a story about Robert, growing up with two dads. One was his biological father and the other was the father of his best friend. One of them was wealthy and one of them was not. This book explores wealth myths, as well as explaining the difference between working for your money or having your money work for you.
Again, since this delivers the information to the reader in the story format, it is an enjoyable read, thus easier to digest.
The Millionaire Next Door by Thomas J. Stanley and William D. Danko
This book is the result of a study performed by the authors where they interviewed millionaires to find out how they came to be that wealthy and how they treat their money once they achieve millionaire status (the term millionaire means U.S. households with net-worths of one million dollars or greater).
The book goes into detail on the two types of people studied, Under Accumulators of Wealth (UAW) and the Prodigious Accumulators of Wealth (PAW). The insights provided are very surprising and thought-provoking. This book shatters many of the “norms” believed by our society about wealth and the wealthy.
This book put me in the mindset to act more like millionaires actually do rather than what media shows/tells us they do. I believe that this book has had more influence on my family’s accumulation of wealth than any other book I’ve read. I highly recommend this book.
The Millionaire Mind by Thomas J. Stanley
This book is a follow-up to Thomas J. Stanley’s previous work, The Millionaire Next Door. In this book, his research is centered on deca-millionaires (those with a net worth of $10 million or more).
In this book, the author analyzes the environmental and lifestyle factors to preceded and resulted in the accumulation of that level of wealth. It goes into these details with many specific questions such as factors that made them wealthy in one generation; what part did schooling play; were they doing their ideal vocations; what are their spouse like; how did they run their household; and many more.
This book dives even deeper into the characteristics of the wealthy and how they go there. If you enjoyed the Millionaire Next Door, then I highly recommend this read as well.
The Total Money Makeover by Dave Ramsey
Dave Ramsey is a nationwide radio host with the Dave Ramsey Show and provides classes on getting out of debt and building wealth through his Financial Peace University.
The Total Money Makeover was his first book and it lays the foundational groundwork for his teachings. Here we learn about getting out of debt and living on a budget. We learn the 7 Baby Steps for achieving financial stability.
My wife and I have both attended Financial Peace University. I’ve also read this and many of his other books as well. His no-nonsense approach to this topic is a proven and commonsense method of becoming Financially Grounded. I recommend this book highly.
Hey, you used to write fantastic, but the last several posts have been kinda boringK I miss your great writings. Past few posts are just a little out of track! come on!