5 Best Books for Financial Independence To Leave the Rat Race Behind

Most of us have a financial plan for our entire lives. However, few have a plan for financial independence.

As the saying goes, “the rich get richer and the poor get poorer.” You can be part of the latter or you can start changing your lifestyle now to be part of the former group.

In this article, I am going to share five handpicked books that will help you find your way to financial security and true freedom.

Financial independence is a goal that many people work towards.

It means being able to have enough money in your savings account to take care of all your needs for the rest of your life, without having to work.

Most people think that achieving this goal would be impossible, but as long as you have a plan and some determination, you can reach financial independence.

Here, I’ve put together this list of the best finance books, with brief summaries and takeaways, so you can get started to help you along your journey into financial freedom.

5 Books for Financial Independence That Will Change The Way You Look At Money Forever

Books For Financial Freedom And Success
Books for Financial Freedom and Success

To live a life of financial independence, you must first change your mindset. This can be difficult to do on your own, and if you’re looking for inspiration or guidance on starting your journey into financial independence, then this is it.

There are plenty of helpful ideas for those ready to put themselves in the driver’s seat. The following books for financial freedom provide a step-by-step guide towards a more fulfilling and successful financial future.

In my earlier article, I wrote about the best books to help you start New Year on a positive note, I have talked about the book “The Psychology Of Money” which is not on this list but is worth recommending.

Let’s start our exploration together with one of the most famous books for financial success, the Rich Dad Poor Dad, written by Robert Kiyosaki.

1. Rich Dad Poor Dad – by Robert Kiyosaki

Rich Dad Poor Dad is #1 on this list for a reason. It became a must-read for people interested in investing, money, and the global economy after it was published in 1997.

An important distinction is that rich people buy luxuries last, while the poor and middle
class tend to buy luxuries first.

~ Robert Kiyosaki

Robert Kiyosaki’s book, Rich Dad Poor Dad, explores how both the father of his best friend (rich dad) and his real father (poor dad) influenced his thoughts about money and investing. This book will show you how to build wealth without earning a high income.

Poor Dad was Kiyosaki’s biological father. He was a scholar and a brilliant person who believed in studying hard, getting good grades, and eventually finding a well-paying job. He didn’t do well financially, despite these apparently admirable attributes.

Kiyosaki’s best friend’s dad was Rich Dad. He had a slightly different ethic to Kiyosaki’s real dad. Rich Dad believed in financial education, learning how money works, and understanding how to make money work for you. Rich Dad was an 8th-grade dropout who became a millionaire by putting the power of money to work for him.

Lessons from Rich Dad Poor Dad 

  • The rich are those who make money work for them. It’s not how much money you make — it’s how much you keep. 
  • The difference between the rich and the poor is not that the rich have more money, but  the poor have more debt.
  •  Your greatest is not money but financial education.
  • You should use the profits created by your assets to invest in other assets
  • If you need help managing your money, you can benefit from having a financial advisor. However, you also need to have control over your own money. 

Rich Dad Poor Dad will offer you six lessons from Rich Dad, the five biggest obstacles, and ten steps to develop your financial genius.

Buy “Rich Dad Poor Dad” by Robert Kiyosaki from the button below.

2. Your Money or Your Life – by Vicki Robin

Do you feel you need to deprive yourself to build your wealth?

Your Money Or Your Life by Vicki Robin and Joseph R. Dominguez has a different perspective. It is a book about choice, freedom, and fulfillment — not deprivation and discipline. It talks about making a life, not just a living.  

It will teach you how to use your money wisely so you can achieve your dreams without falling prey to consumerism and debt.

We shift from comparing ourselves to others to considering our real needs and desires. We shift from “more” to “enough” and ultimately get more of what money can’t buy. Priceless.

~ Vicki Robin, Your Money or Your Life

The more you understand money, the more effective you can be in managing your finances.

Your relationship with money encloses more than just your earnings, spending, debts, and savings; it also includes the time these functions take in your life.

The sense of satisfaction that you can get from your connection to your family, community, and the planet reflects your relationship with money.

Lessons from Your Money or Your Life

  • We must change our inner beliefs about money before we can change our outer financial situation.
  • Don’t buy products you don’t really need or enjoy having/doing.In the words of the authors -“Waste lies not in the number of possessions but in the failure to enjoy them.” 
  • Calculate what we really earn per hour. When we realize we are not making as much as we think, we could examine whether what we do for work is worth what we’re getting. 
  • Preventing unnecessary expenses is the key to saving money.
  • Make sure you value your time and account for the time you spend at work.

Want to learn more, Buy “Your Money or Your Life” by Vicki Robin using the link below.

3. Think and Grow Rich – by Napoleon Hill

Would you like to know the secrets of the most powerful people in the world?

The starting point of all achievement is DESIRE. Keep this constantly in mind. Weak desire brings weak results, just as a small fire makes a small amount of heat.

~ Napoleon Hill, Think and Grow Rich

This book by Napoleon Hill was published in 1937. The journey of this book started while young Napoleon Hill interviewed an affluent American industrialist, Andrew Carnegie.

This book talks about achieving financial, emotional, and physical richness in 13 profound steps. The author researched the lives of over 500 self-made millionaires to find out the lesser-known law of the human mind. This book would help you in launching your journey of not just personal finance but overall personal growth.

This book would help ignite desire, build on faith, a way to influence the subconscious mind, overcome procrastination and indecisiveness, persistence, and explain the workings of the mind and sixth sense.   

This is a great book for those with big dreams and ambitions bigger than the sky. If you believe that the first step to your dreams will be financial freedom. If you are ready to take the first step towards financial freedom, you will find out the best you will ever find in this book. 

Lessons from Think and Grow Rich

  • When you have a burning desire, you see results. Know your goals, pursue them with relentless desire and stay undefeated by any obstacles in your path.
  • It’s all about will and persistence. You will face many defeats, but keep working on your plans and you will reach the top.
  • Imagine the world you want to live in and then make it a reality by working on it. Take inspired action and never stop imagining all the wonderful things we can create in our minds first and give to the world later.
  • Trust your instincts and learn to recognize when you feel the need to take action. Learn to trust your gut feelings and you’ll be able to develop a good sixth sense. 
  • If you don’t believe in yourself, you won’t achieve your vision. You shouldn’t let your fears or doubts overrule your faith in your vision.
  • Overcome procrastination by setting goals, planning your actions, and sticking to your decisions 

Purchase the “Think and Grow Rich” by Napoleon Hill today from Amazon.

4. Richest Man in Babylon – by George Samuel Clason

If you are looking for a book for financial success that teaches you the financial fundamentals you need to know to take charge of your financial life, then this book is for you.

The author shares lessons learned from the point of view of a very rich man named Arkad. Babylon was the wealthiest city in the ancient world and Arkad was the richest man living in that city.

Arkad is a millionaire who shares his financial secrets. His major lessons like ‘Seven Cures for a Lean Purse’ & ‘The Five Laws of Gold’ are worth taking notes from and applying immediately.

The reason why we have never found a measure of wealth. We never sought it.

~ George Clason, The Richest Man in Babylon

Lessons from Richest Man in Babylon

  • Those who understand the simple laws of making money will find that money is plentiful.
  • If we never truly seek a colossal amount of wealth, we won’t get it. We need to focus on it and commit to it. 
  • Seek advice from experts and not from amateurs on financial matters if you want to know what’s going on in the financial world.
  • Create a future income. Make sure you have a source of income that will continue even after you stop working. 
  • You cannot reach the highest level of success until you conquer your procrastination.

Get your copy of “Richest Man in Babylon” by George Samuel Clason today using the button below.

5. The Science of Getting Rich – by Wallace D. Wattles

Wallace explains that there is an abundance of money and wealth around and it’s on us to earn it.

But this book reveals that money is a medium of value, so the more value you provide to others, the more value you’ll get back in the form of money. 

Wattles teaches you how to maximize the value that you offer other people.

Poverty can be done away with, not by increasing the number of well-to-do people who think about poverty, but by increasing the number of poor people who purpose with faith to get rich.

~ Wallace D. Wattles, The Science of Getting Rich

Lessons from The Science of Getting Rich

  • When you choose to hold a certain thought or intention in mind, you’ll be able to bring it to life in your daily life.
  • You don’t have to compete with others to get what you want. You can create what you want by thinking about what you want and then taking action. There is no need to take those things from someone else. You can also not cheat or take advantage of anyone.
  • The more grateful you are for what you have, the more positive energy you have available to manifest what you want. The law of physics states that every action has an equal and opposite reaction.
  • If you don’t succeed, you’re not failing, you’re just not successful yet. And that’s perfectly fine. You’ll know you’ve failed when you give up trying to achieve your goal.
  • When you are in a hurry or when you are afraid, you are acting in a way that causes you to make mistakes. It is important to remember that everything that you desire will come to you if you are patient and grateful.

Buy the book “The Science of Getting Rich” by Wallace D. Wattles from Amazon today.

A good financial plan will help you achieve your financial goals, and a good book on personal finance can help you develop the skills necessary to create a solid financial plan.

If you want to get ahead in life and achieve financial freedom, you have to start thinking about your finances now 

These books are some of the best books for financial independence that I’ve read.

Are there any other finance books that we missed? Please share your thoughts in the comments section below.

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Editorial Team at TerraTale is a group of individuals and experts, who write about their experiences and learnings on a variety of subjects that anyone can connect with and reflect upon.

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