If you have some free time this summer and want to boost your financial IQ، reading money books from the experts can help. Depending on the book and its author، you may find yourself diving deep into the world of investing، brushing up on the main tenets of personal finance، or learning to cut financial waste from your life. Heck، you may also learn how to build positive habits that last — or how to ditch the negative habits that are holding you back، forbes reported.
You may learn you have a lot of work to do to retire early or retire at all، but it’s also possible you’ll find out you’re richer than you think! But it all starts with getting your hands on books that have the potential to change the way you think.
7 Money Books to Add to Your Summer Reading List While summer is all about fun and sun، make sure you take some time to learn something you didn’t know about your money or your life. Here are some of the absolute best money books you’ll want to order right away.
#1: The Latte Factor: Why You Don’t Have to Be Rich to Live Rich — by David Bach
Over the last decade or more، David Bach has brought us famous favorites like The Automatic Millionaire and Smart Couples Finish Rich. Bach’s latest creation — The Latte Factor: Why You Don’t Have to Be Rich to Live Rich — promises to explain even more about how you can tweak your finances to live your best life. Not only does he share his three secrets to financial freedom، but the stories he shares illustrate how we all may be richer than we think.
#2: Broke Millennial Takes On Investing: A Beginner’s Guide to Leveling Up Your Money — by Erin Lowry
Millennials want to start investing just like everyone else but، like all new investors، they are finding that information for newbies is few and far between. In Broke Millennial Takes On Investing: A Beginner’s Guide to Leveling Up Your Money، Lowry explains the main tenets of investing، common investing terms and how they’re used، and how to invest in a socially responsible way.
By the time you’re done reading، you’ll know exactly how to buy and sell and stock، why investing earlier rather than later is a good idea، and how to get started on the road to wealth. If you’re insecure about investing and need some beginner help، this book may be exactly what you need.
#3: Work Optional: Retire Early the Non-Penny-Pinching Way — by Tanja Hester
If there’s a matriarch of the FIRE (financial independence، retire early) movement، it must be Tanja Hester. Fortunately for us، the early retiree outlines her best strategies to escape the rat race in her new book، Work Optional: Retire Early the Non-Penny-Pinching Way. Once you dive in and start reading، you’ll learn to think differently about your work and your life.
Learn how to create a customized plan for freedom without debt and with much less hassle and stress — and do it all without extreme frugality or incessant penny pinching. Most importantly though، read this book to find out how you can retire early no matter your income.
#4: The Book on Estimating Rehab Costs: The Investor's Guide to Defining Your Renovation Plan، Building Your Budget، and Knowing Exactly How Much It All Costs — by J. Scott
If you’re planning on renovating a home this year، you’ll need to understand how to plan for renovation costs as well as which pitfalls to avoid. Expert rehabber J. Scott goes over the ins and outs of budgeting for a rehab in this new book، The Book on Estimating Rehab Costs: The Investor's Guide to Defining Your Renovation Plan، Building Your Budget، and Knowing Exactly How Much It All Costs.
Once you’re done reading، you’ll know how to walk through a property and estimate construction costs، identify the biggest problems most flippers encounter، and how to find the right contractor for the job.
#5: Free to Focus: A Total Productivity System to Achieve More by Doing Less — by Michael Hyatt
Everyone gets the same 168 hours in a week، but not everyone knows how to maximize those hours to build the life they want. In Free to Focus: A Total Productivity System to Achieve More by Doing Less، New York Times bestselling author Michael Hyatt shares his strategies for making time for life’s most important activities with some free time to spare.
If you’re struggling to find the time to enjoy your family and hobbies without neglecting your work or your health، you’ll want to check it out.
#6: The Alter Ego Effect: The Power of Secret Identities to Transform Your Life — by Todd Herman
Award-winning performance expert Todd Herman says there’s one main factor standing between you and your dreams — you. To make up for your own shortcomings، he suggests creating a powerful alter ego that can handle life’s ups and downs and always give 100% to any performance — even under pressure or when the stakes are high. If you struggle to perform or have some hang-ups that stop you from reaching your potential، read The Alter Ego Effect: The Power of Secret Identities to Transform Your Life and follow its principles.
Through Herman’s expert storytelling، you’ll find out how to use an alter ego to overcome self-doubt and become your best self.
#7: Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad ones — by James Clear
Why are bad habits so easy to fall into? And why is it so incredibly difficult to build positive habits that last? New York Times bestselling author James Clear answers these questions and others in Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad ones. Once you’re ready to change your ways for the better — and for the long haul — read this book to learn how to master tiny behaviors that lead to real results، make time for better habits، overcome a lack of motivation or willpower، and design an environment that ensures success.
Clear’s strategies work whether you want to lose weight، create time and space for a regular exercise routine، or perform better at work، so make sure to buy this book on Amazon today.