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Best Financial Freedom BooksFinancial freedom is the idea of changing into a financial freelance and being able to pay cash for things one enjoys. The idea stems from retiring early and reaching some extent wherever a person has no monetary obligations. They can live a free and prosperous life doing work they relish instead of work needed to support a way of life.
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The book list can help readers from different walks of life. Everyone can use these as guides to becoming wealthy. These deal with investing correctly and earning money from these investments.
You can review the list of the top 10 financial freedom books below.
Let us discuss each financial freedom book in detail, reviewing them and their key points:
Book #1: The Almanack of Naval Ravi KantAuthor: Eric Jorgenson
Get this book here.
Book ReviewAccording to the author, people must care for themselves to be happy with money, health, meditation, and life goals. The book is divided into two sections: wealth and happiness, and thus it discusses earning money, working the right way, becoming wealthy, and remaining wealthy.
Key Points
Money, according to the book, is a tool for becoming wealthy.
People must work hard the right way to become wealthy. Otherwise, contentment will always be lacking.
The author encourages individuals to use interest with cash, temperament, and character.
Book #2: The Psychology of MoneyAuthor: Morgan Housel
Get this book here.
Book ReviewThe author demonstrates that wealthy people make the most irrational financial decisions, and the goalpost moves as we earn more. As a result, knowing when to spend enough and still be satisfied is critical.
Key Points
The author uses the author’s relationship and perspective on money to explain why people fear investing and reinvesting.
The book uses the example of businessman Warren Buffet to demonstrate the power of compounding.
Book #3: Richest Man in BabylonAuthor: George S Clason
Book ReviewAlong with seven money rules, the book teaches three lessons to begin building wealth: living below your means, learning to be lucky by working hard, and never going into debt. According to the author, anyone who follows these three lessons is already ahead of most people.
Key Points
The book lays out seven money rules.
It provides a solid idea for money and is a must-read for newcomers.
The book recommends investing 10% of your income in the appropriate assets.
Book #4: Rich Dad’s Cashflow QuadrantAuthor: Robert T Kiyosaki
Get this book here.
Book ReviewThe book discusses how some people work less and earn more, encouraging readers to do the same. The book is significant because it describes how few people make much money while others struggle financially. Robert Kiyosaki created four quadrants: employee, business owner, self-employed, and investor.
Key Points
The author created a quadrant in the book to explain where and how people fall and what they should do.
It explains the issue of poor mindset and people’s struggles to overcome it.
The author condemns poor mentality and claims that for people to become wealthy, they must change their perspective.
Book #5: Rich Dad Poor DadAuthor: Robert T. Kiyosaki
Get this book here.
Book ReviewThis book is divisive, but it gets you to do something. It is based partly on Kiyosaki’s life, in which he learned two approaches to money from his father and best friend.
Key Points
The book tells you to use your money to buy assets rather than liabilities.
It says that instead of avoiding risks, manage them.
One should work to learn rather than to earn.
Book #6: The Magic of Thinking BigAuthor: David J Schwartz
Get this book here.
Book ReviewAccording to The Magic of Thinking Big, creative thinking is the driving force behind success. It is an idea you can find in several books recently. One will appreciate how this book combines many other now-popular ideas into a single purpose.
Key Points
You are 100% capable of accomplishing whatever you set out to do.
Your brain will spark the creativity required to achieve your goal.
Book #7: The Millionaire Next DoorAuthor: Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D.
Get this book here.
Book ReviewThe co-authors, Stanley, and William Danko, studied people with high net worth but average income for years. The book will help you to avoid becoming someone under-accumulating wealth.
Key Points
It asks you to use a simple formula for net worth to determine if you are falling short of your financial potential.
It also talks about avoiding economic healthcare to achieve your goal.
Book #8: The Simple Path to WealthAuthor: Money Mustache and J. L. Collins
Get this book here.
Book ReviewIt is the book to read to get your finances in order. Collins shares fundamental knowledge you need to make money work for you instead of against you in a straightforward, engaging manner.
Key Points
The book tells you to avoid making complex investments.
It explains why you must spend less than you earn and invest the excess in avoiding debt.
It shows how money can buy many things, but nothing beats freedom.
Book #9: Financial FreedomAuthor: Grant Sabatier
Get this book here.
Book ReviewGrant Sabatier guarantees people can rewrite their retirement plans by following these simple steps. He also claims that financial freedom comes from being true to your work and the goal of acquiring your amount.
Key Points
According to the author, the impulse is the enemy of freedom.
The author lays out seven steps to financial independence.
The book explains why money is synonymous with freedom.
Book #10: The 4-Hour WorkweekAuthor: Timothy Ferriss
Get this book here.
Book ReviewThe 4-Hour Workweek focuses on one central idea: teaching readers how to break free from the 9-to-5 workday. You can increase your income and escape the rat race with the right mindset.
Key Points
The book guides you to increase your investments.
It also demonstrates increased output offsite.
The book also teaches you to create a quantifiable business benefit.
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