3 Inspiring Financial Freedom Books that will change your life
"Are you ready to start living the life you’ve always dreamed of? In this article, we explore some of the best financial independence books that can guide you on your journey to achieving your goals.
Whether you're looking to save, invest, or build wealth, these insightful reads will provide the knowledge and inspiration you need to take charge of your financial future."
Here are three inspiring books that can lead you to financial freedom and your life:
Rich Dad Poor Dad
This classic book contrasts the financial philosophies of Kiyosaki's two father figures, providing valuable lessons on money management and investing.
Financial education is crucial, yet it's often in our early years. This realization highlights the need for greater awareness and understanding of money management from a young age. fostering financial literacy, we can empower future generations to make informed decisions and build a secure financial future.
You Are a Badass at Making Money
- With a motivational approach, Sincero encourages readers to break free from limiting beliefs about money and empowers them to create a wealthy mindset. Dive into these reads and take the first step towards transforming financial future!
My favorite quote's:
“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” By Robert Kiyosaki
"My rich Dad Often Said Investment is Risky. My Rich Dad said being financially uneducated is Risky." By Robert Kiyosaki
The Total Money Makeover
Dave Ramsey offers a straightforward plan for achieving financial stability, focusing on budgeting, debt elimination, and saving for the future.
He outlined the following seven baby steps for achieving financial stability and generating wealth.
7 Steps:
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Start by saving a $1,000 beginner emergency fund to cover unexpected expenses.
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tackle your debt using the debt-snowball method: list your debts from smallest to largest, make minimum payments on all but the smallest, and focus on paying that smallest debt first.
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Once you've cleared your debts (excluding your mortgage), build a proper emergency fund of 3-6 months of expenses,
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invest 15% of your household income for retirement,
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save for your children's college,
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pay off your home early, and ultimately,
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build wealth while being generous.