Top Money Personal Finance Book Recommendations From Successful People – Business Insider

  • Insider has spoken with dozens of highly successful individuals and rounded up their top books.
  • “Rich Dad Poor Dad” is a favorite among real estate investors and early retirees.
  • Super savers drew inspiration from “Set for Life” and “I Will Teach You to Be Rich.”

Books can be a helpful tool if you’re looking to build more wealth, save more money, or simply need a bit of inspiration. 

Insider has spoken to dozens of successful people, from CEOs of large companies to individuals who paid off large amounts of debt before achieving financial independence, and asked them to share the books that have helped get them to where they are today. 

Here are 12 of their favorites.

1. “The Simple Path to Wealth” by J.L. Collins

Ali and Josh Lupo, who paid off six-figures in debt and are on track to retire before 40, say that the principles laid out in “The Simple Path to Wealth” helped shape their investing mindset. 

Collins’ book taught them that investing “doesn’t need to be nearly as complicated as people often think it is,” Ali told Insider. She and Josh use a Roth IRA and a taxable brokerage account to invest their money in index funds and exchange-traded funds. 

The author also dives into how to avoid debt and what to do if you already have it, how to invest in a raging bull or bear market, and how to safely spend your wealth. 

2. “I Will Teach You to Be Rich” by Ramit Sethi

Another game-changer for the Lupos was “I Will Teach You to Be Rich,” which helped them become more intentional about how they spend their money.

“A few years ago, we thought we had a good idea of what we were making and spending, but when we started actually tracking it, we realized our numbers were completely off,” said Josh. “This book does a great job of identifying the importance of spending money on your values.”

The book emphasizes that saving money doesn’t have to mean living a life of deprivation, he added: “It’s about being clear on what you value, spending comfortably on the things that bring you joy or fulfillment, and then cutting out everything else. For the author, it comes down to intentionality and that was a big turning point for us.”

3. “Set for Life” by Scott Trench

Both the Lupos and super saver Avery Heilbron, who achieved financial freedom before 30, recommend “Set for Life.” 

It teaches readers how to save the majority of their income while also increasing their earnings in order to become financially free. A key strategy …….

Source: https://www.businessinsider.com/top-money-personal-finance-book-recommendations-from-successful-wealthy-people-2022-8

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