7 Inspiring Financial Freedom Books (That Will Change Your Life) (2024)

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We spend most of our life earning money, but how much time do we actually spend learning about how to manage it?

Become financially savvy by reading these inspiring financial freedom books.

One of the most important things I did in the past 5 years was spend time reading books to help me escape from a life that I didn’t enjoy.

I would wake up early every day, spend 10-12 hours in a dark office, and go home tired, only to start again the next day.

Reaching financial freedom has truly changed my life.

Can you imagine having enough money to be able to live the life you want without having to go to work every day?

These books will set you on your own path to becoming financially free.

By investing in yourself and in your knowledge, you’ll finally stop worrying about money and actually use it as an instrument to build your wealth.

When I read the first of these books and then discovered the others, I didn’t know how much they would help me towards embracing happiness and follow my true dreams.

I hope you will find them as inspirational and life-changing as I did.

Also read, 13 Best Financial Literacy Books To Grow Your Wealth.

My favorite Financial Freedom Books

1. The 4-Hour Workweek

Tim Ferris is a great entrepreneur. He has sold millions of books and has aninspiring podcast.

I read the Kindle edition of The 4-Hour Workweek on a wonderful beach in Sicily. I hated my job, I was working more than 60 hours a week, and I just wanted a way out.

What I loved about this book is how Tim inspires you to work smarter and not harder. It also encourages you to just stop thinking and start doing. I also embraced his idea of taking mini-retirements during your life. Not all of us want to quit our jobs, but finding the right balance between work and life is essential to be happy!

This book helped me to understand that it is possible to escape the 9 to 5 and create streams of passive income to support your life without being chained at your desk every day!

My favorite quote:

“What would you do if there were no way you could fail?” By Tim Ferris

2. Rich Dad Poor Dad

In Rich Dad Poor Dad, Robert Kiyosaki talks about how he grew up and learned about money from two very different dads (one was the father of his childhood friend).

The very different ideas of his not-so-wealthy dad compared to his wealthy dad’s friend reveal very different ideas on life and wealth.

This book made me realize how important financial education is and how little we are taught about it when we are young.

The difference between assets and liabilities and the importance of having money working for you instead of you having to work for money is the biggest lesson I learned from Rich Dad, Poor Dad.

My favorite quote:

“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” By Robert Kiyosaki

3. The Magic of Thinking Big

The first edition of this book by David J Schwarz is quite old. It was first published in 1959, but there is a reason why over 6 million people have read it and loved it: its message is as relevant today as it was back then.

The book is all about self-confidence, removing negativity, and the importance of believing in yourself. Only by thinking big and surrounding yourself with positivity, you can achieve happiness!

Why limit yourself?

My favorite quote:

“Believe it can be done. When you believe something can be done, really believe, your mind will find the ways to do it. Believing a solution paves the way to the solution.” By David J Schwarz

4. The Millionaire Next Door

BY THOMAS STANLEY AND WILLIAM DANKO

A great insight into who the real millionaires are – people that live well below their means and achieve great wealth through hard work and savings.

Thomas Stanley interviews hundreds of millionaires, and they couldn’t be more different than what you think. They won’t often come from Hollywood, but they are often living next door.

Truly inspirational if you aim to be a millionaire yourself one day.

My favorite quote:

“Wealth is not the same as income.”By Thomas Stanley

5. The Simple Path to Wealth

I have always been terrified of investing in the stock market as I am the worst gambler in history.

Once I went to Vegas and couldn’t even bring myself to play at one of the tables. I have always seen investing in stocks as gambling and stayed well clear of it for ages.

Then I discovered Index Investing, Vanguard, and The Simple Path to Wealth.

I can’t say I am now a great investor, and I am still worried about the market being overvalued, but this book from Jim Collins gives you a great insight into Index Investing and the reasons why it has worked for so long.

If you want your money working for you, you are looking for a simple approach, and you don’t want to play with risky strategies, this book is for you.

It’s been one of the best, easy-to-read financial freedom books I’ve read to help me in my investment journey.

My favorite quote:

“There are many things money can buy, but the most valuable of all is freedom. Freedom to do what you want and to work for whom you respect.”By Jim Collins

6. The Bogleheads’ Guide to Investing

Another straightforward guide to investing that will advise you on how to lay the foundations to create long-term wealth.

This book focuses on passive investing strategies based on investing in low-cost index funds.

It’s a great guide if you have managed to save money but aren’t sure about how to invest it meanwhile wanting a solution that won’t let you lose any sleep over it.

My favorite quote:

“A 25-year-old who invests $5,000 in a Roth IRA once a year for 40 years reaches age 65 with a tax-free fortune of $1,625,149.”By Tailor Larimore

7. Financial Freedom

I was fortunate enough to read one of the final drafts of this book before it was published. Grant is an amazing blogger who managed to go from $2.26 to over $1 million in only 5 years.

Financial Freedom gives you everything you need to start living a better life!

I love when Grant says:

“Making a lot of money isn’t the point. Time is!”

You cannot buy time back, and by learning how to manage your money in the best possible way, you can buy your freedom!

This book will teach you everything you need about side hustles, hacking your 9 to 5, investing, saving, and more.

My favorite quote:

“Making a lot of money isn’t the point. Time is!”By Grant Sabatier

Ready to kickstart your road to financial freedom?

I hope these financial freedom books will inspire you as much as they have inspired me! Start learning today about how you can improve your wealth.

Money isn’t the most important thing in life, but knowing how to manage it will really set you free!

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Free resources and money advice to make money work for you so that you can live your dream life! ♥

7 Inspiring Financial Freedom Books (That Will Change Your Life) (2)

Read More About Financial Freedom

  • 31 Best Passive Income Ideas to Quit Your Day Job

  • How To Reach Financial Freedom in 7 Easy Steps

  • 13 Best Financial Literacy Books To Grow Your Wealth

  • 11 Best Financial Independence Books

7 Inspiring Financial Freedom Books (That Will Change Your Life) (2024)

FAQs

7 Inspiring Financial Freedom Books (That Will Change Your Life)? ›

Independent Income or Abundant Assets

Financial freedom means you have enough financial resources to pay for your living expenses and allow you to afford many of your life goals without having to work or otherwise commit any of your time or efforts to generating money.

What are the 7 levels of financial freedom? ›

The Seven levels of Retiring Early with FIRE
  • Level 1: Clarity. It's important to know where to start. ...
  • Level 2: Self-Sufficiency. Stand on your own two feet financially. ...
  • Level 3: Breathing Room. ...
  • Level 4: Stability. ...
  • Level 5: Flexibility. ...
  • Level 6: Financial Independence. ...
  • Level 7: Abundant Wealth.

How does financial freedom change your life? ›

Independent Income or Abundant Assets

Financial freedom means you have enough financial resources to pay for your living expenses and allow you to afford many of your life goals without having to work or otherwise commit any of your time or efforts to generating money.

What are the 5 steps to financial freedom? ›

In order to achieve financial freedom, it is best to break down the tasks into smaller steps:
  • 1) Define your personal financial freedom goal. ...
  • 2) Create an emergency savings fund. ...
  • 3) Pay down credit card and other debt. ...
  • 4) Pay yourself first. ...
  • 5) Create and maintain a workable budget.

What is the 4 rule for financial freedom? ›

Key Takeaways. The 4% rule says people should withdraw 4% of their retirement funds in the first year after retiring and take that dollar amount, adjusted for inflation, every year after.

What are the 5 pillars of financial freedom? ›

The five pillars of financial planning—investments, income planning, insurance, tax planning, and estate planning— are a simple but comprehensive approach to financial planning.

What is the secret to financial freedom? ›

Key Takeaways

Make a budget to cover all your financial needs and stick to it. Pay off credit cards in full, carry as little debt as possible, and keep an eye on your credit score. Create automatic savings by setting up an emergency fund and contributing to your employer's retirement plan.

How do I set myself up for financial freedom? ›

How To Achieve Financial Freedom
  1. Clearly Define Your Financial Goals. Start this process by clearly defining your financial goals. ...
  2. Track And Analyze Your Spending. ...
  3. Create A Budget. ...
  4. Pay Off Your Debt. ...
  5. Start Investing. ...
  6. Create Multiple Streams Of Income. ...
  7. Save For The Future.
Jan 20, 2024

What is the best age to start financial freedom? ›

Being financially secure before you reach 30 may seem out of reach for many people in their 20s, but it's possible. Working toward financial security need not be an exercise in self-deprivation, though many people assume it to be.

How to become financially free in 5 years? ›

In reality, the rule is extremely straightforward. 50-20-30 rules is an easy way to know how to achieve financial freedom in 5 years. Split the cash-in-hand into 3 equal parts as per the rule. 30% of income is spent on wants, 50% on needs, and 20% is set aside for savings and investments.

How much money is considered financial freedom? ›

Americans say they'd need to earn about $94,000 a year on average to feel financially independent. That's about $20,000 more than the median household income of $74,580.

What are signs of financial freedom? ›

Here are 5 other signs of financial independence, and tips on how to attain it:
  • Owning a home. After clothes and food, shelter is the most important necessity for all human beings. ...
  • Planning your children's education. ...
  • Able to pay bills and instalments on time. ...
  • Starting to invest. ...
  • Starting a business.

What is the most important first step toward achieving financial freedom? ›

The most important step toward achieving financial freedom is to take time to establish what your ideal financial life looks like. Having clarity on why you work so hard and what you are working towards means you can make conscious decisions that will align with your unique financial journey.

What are the 6 steps to control your finances? ›

Here are six small steps you can take now (that you'll thank us for later).
  • Make your money grow with you. ...
  • Pay down debt. ...
  • Keep tabs on your credit report. ...
  • Create a monthly budget and keep it up to date. ...
  • Start your emergency fund. ...
  • Expand your financial knowledge.

What are Dave Ramsey's steps to financial freedom? ›

Dave Ramsey's 7 Budgeting Baby Steps
  • Step 1: Start an Emergency Fund. ...
  • Step 2: Focus on Debts. ...
  • Step 3: Complete Your Emergency Fund. ...
  • Step 4: Save for Retirement. ...
  • Step 5: Save for College Funds. ...
  • Step 6: Pay Off Your House. ...
  • Step 7: Build Wealth.
Jun 3, 2024

What is level 1 financial freedom? ›

Level 1: Clarity

The first step is taking stock of your financial situation — how much money you have, how much you owe, and what your goals are. You can't get to where you want to go without knowing where you're starting from.

What is life stage #7 according to the financial stages of life? ›

Level 7: Abundant Wealth

While those in Level 6 need to monitor swings in their portfolio to make sure their retirement is still going according to plan, those in Level 7 have no such worries.

What are 10 steps to financial freedom? ›

10 Steps to Financial Independence
  • Step 1: Understand Your Financial Goals. ...
  • Step 2: Create a Budget. ...
  • Step 3: Build an Emergency Fund. ...
  • Step 4: Make A Plan to Pay Off Your Debt. ...
  • Step 5: Invest Wisely. ...
  • Step 6: Take Opportunities to Increase Your Income. ...
  • Step 7: Automate Your Savings. ...
  • Step 8: Stay Disciplined.
Oct 25, 2023

What are the 4 levels of freedom? ›

To that end, he described four essential human freedoms upon which he believed the post-war world should be founded. He stated these freedoms to be the freedom of speech and expression, the freedom of worship, the freedom from want, and the freedom from fear.

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