As Americans strive to become first-generation millionaires, financial literacy books have become increasingly popular.
With thousands of financial guides available in paperback and on e-reader, finding the right financial book to help you reach your economic goals can be a hassle.
Here’s a list of five financial books for your home library.
Maximize Your Investment & Enjoy Your New Home – Alayna Schroeder
First time homeowners can surely benefit from this home financial manual, as they attempt to budget and balance the many financial obligations that accompany a home purchase.
Through this 320-page offering, author Alayna Schroeder answers numerous questions for new homeowners about:
- Property Taxes
The Essential Guide for First-Time Homeowners is not only a must-read, it may become a primary resource in your home library for all of your home-related inquiries.
Rich Dad Poor Dad – Robert Kiyosaki
Rich Dad Poor Dad is a guide to financial independence that aims to increase financial intelligence by promoting the practices of real estate, investing and owning your own business.
While the book was initially self-published by author Robert Kiyosaki, it was later picked up commercially and sold 26 million copies on its way to becoming a New York Times best seller.
While critics argued continually about Kiyosaki’s claims that an individual’s home is not an asset, the discussions (moreover) lead to further book sales.
In my opinion, Rich Dad Poor Dad is a great book that illustrates, compares and contrasts the financial decisions of the affluent and the average, so you can gain knowledge without living through the at times painful consequences.
What to Do After You Move in – Margaret Crane
While The New Homeowner’s Handbook offers similar information to the first book on this list, author Margaret Crane does an excellent job of illustrating how to create a detailed budget, including many unexpected bills that may otherwise come as a surprise to a new homeowner.
If you add The New Homeowner’s Handbook to your home library, it may become an awesome resource to assist you in meeting your newly acquired home-related payment obligations.
The Complete Tightwad Gazette – Amy Dacyczyn
The Complete Tightwad Gazette is a collection of published newsletters from the early 1990s. Aside from detailing how to save money on your mortgage, Author Amy Dacyczyn list thousands of money-saving tips to help new homeowners stretch their hard-earned money further.
This amazing financial resource will enlighten readers on numerous alternative ways to cut money off your monthly budget.
The Millionaire Next Door – Thomas J. Stanley and William Danko
The authors of The Millionaire Next Door surveyed a pool of millionaires in an attempt to uncover and connect the similarities between American homeowners that have a seven-digit net worth.
Authors Stanley and Danko discovered that 80% of America’s millionaires are first-generation rich. The Millionaire Next Door unveils several financial practices of the top 3.5% percent of American earners such as:
- Living below their means
- Favor financial independence over displaying high social status
- Their adult children are financially self-sufficient
A home library with valuable financial resources can help you elevate your finances to reach higher economic goals.
By reading some of the selected financial books listed above, you may gain the proper insight to redirect your monetary situation.