Wealth books are a crucial resource for anyone looking to improve their financial situation. Whether you’re trying to get out of debt, build your savings, or invest in your future, there are wealth books out there that can help you achieve your goals. These books are written by experts in the field, who have years of experience and knowledge to share with readers. When it comes to choosing wealth books, there are a few critical things to keep in mind.
First and foremost, you want to make sure that the book is written by a reputable author who has a proven track record of success. You also want to look for books that are tailored to your specific financial goals and needs. For example, if you’re just starting out on your financial journey, you might want to look for a book that focuses on the basics of personal finance. Another essential factor to consider when choosing wealth books is the author’s writing style.
Some authors are more technical and data-driven, while others take a more conversational approach. It’s essential to find an author whose writing style resonates with you, as this will make it easier to absorb and apply the information in the book. After researching and testing various wealth books, I’ve compiled a list of the top ten books that I believe can help readers achieve their financial goals. These books cover a wide range of topics, from budgeting and saving to investing and entrepreneurship. So, whether you’re just starting out or looking to take your finances to the next level, there are wealth books on this list that can help you get there.
Top 10 Wealth Books to Read This Year
If you’re looking to improve your financial literacy and build wealth, there’s no better way to start than by reading books written by experts in the field. As a financial blogger, I’ve read my fair share of wealth books, and I can confidently say that these are the best of the best. Whether you’re just starting out on your financial journey or you’re a seasoned investor, these books will provide you with valuable insights and actionable advice that you can use to achieve your financial goals. So without further ado, here are the top wealth books to read this year.
Wealth Books 1: Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors)
If you’re looking to build massive wealth and permanently lower your taxes, then Tax-Free Wealth by Tom Wheelwright is the book for you. This book is a must-read for anyone who wants to keep more of their hard-earned money and build a secure financial future.
Pros
- Tom Wheelwright is a tax expert who has worked with Robert Kiyosaki, the author of Rich Dad Poor Dad.
- The book is written in simple language that is easy to understand, even for those who are not tax experts.
- The strategies in the book are practical and actionable, so you can start implementing them right away.
Cons
- The book is focused on the US tax system, so some of the strategies may not be applicable in other countries.
- The book is quite long and may take some time to read and digest.
- The book is geared toward business owners and investors, so it may not be as relevant for those who are not in those categories.
In Tax-Free Wealth, Tom Wheelwright shares his wealth of knowledge and experience to help readers understand the tax system and take advantage of legal tax strategies to keep more of their money. The book covers a wide range of topics, including the difference between active and passive income, the benefits of owning a business, and the tax advantages of real estate investing.
One of the things that sets Tax-Free Wealth apart from other books on taxes is that it is not just a book about how to save money on taxes. Instead, it is a book about how to build wealth by permanently lowering your taxes. Wheelwright’s strategies are designed to help readers create a tax-free lifestyle, where they can keep more of their money and use it to build a secure financial future.
If you’re looking for a comprehensive guide to tax planning and wealth building, then Tax-Free Wealth is the book for you. It is packed with practical advice and actionable strategies that you can use to take control of your finances and build the life you’ve always wanted.
Wealth Books 2: The Simple Path to Wealth
If you’re looking for a straightforward guide to financial independence and a rich, free life, then The Simple Path to Wealth by JL Collins is definitely worth the investment.
Pros
- Provides a straightforward guide to index investing
- Offers a simple, low-cost approach to investing
- Provides specific guidance for building wealth over the long term
Cons
- Some sections only apply to U.S. investors
- Not suitable for those looking for a get-rich-quick scheme
- May be too basic for experienced investors
The Simple Path to Wealth is an excellent resource for beginners and intermediate investors alike. JL Collins provides a clear and concise guide to building wealth over the long term, using a simple, low-cost approach to investing.
The book is well-written and easy to understand, with plenty of examples and practical advice. While some sections may only apply to U.S. investors, the principles outlined in the book are applicable to investors in any country.
Overall, if you’re looking for a solid guide to building wealth over the long term, The Simple Path to Wealth is definitely worth checking out.
Wealth Books 3: The Psychology of Money
If you’re looking for a book that will help you understand how to build wealth, avoid common financial pitfalls, and find happiness, then The Psychology of Money by Morgan Housel is a great choice. This book offers timeless lessons on wealth, greed, and happiness that will help you make better financial decisions and live a more fulfilling life.
Pros
- Offers practical advice on how to build wealth and avoid common financial pitfalls
- Written in an engaging and accessible style that is easy to understand
- Provides insights into the psychology of money and how our emotions and behaviors can impact our financial decisions
Cons
- Some of the concepts may be familiar to those who have read other personal finance books
- The book is relatively short and may not provide as much depth as some readers would like
- Some readers may find the book’s focus on psychology and behavior to be less practical than they would prefer
The Psychology of Money is a great choice for anyone who wants to learn more about how to build wealth, avoid financial pitfalls, and find happiness. The book offers practical advice and insights into the psychology of money that can help readers make better financial decisions and live a more fulfilling life. Whether you’re just starting out on your financial journey or you’re a seasoned investor, this book is sure to provide valuable insights and advice that you can use to improve your financial situation.
One of the things that I appreciated most about this book was its focus on the psychology of money. As someone who has studied psychology and behavioral economics, I found the insights and advice in this book to be particularly valuable. Housel does an excellent job of explaining how our emotions and behaviors can impact our financial decisions, and he provides practical advice on how to avoid common pitfalls and build wealth over the long term.
Overall, I highly recommend The Psychology of Money to anyone who wants to learn more about personal finance and wealth building. Whether you’re new to the world of personal finance or you’re a seasoned investor, this book is sure to provide valuable insights and advice that you can use to improve your financial situation and live a more fulfilling life.
Wealth Books 4: Money. Wealth. Life Insurance.: How the Wealthy Use Life Insurance as a Tax-Free Personal Bank to Supercharge Their Savings
If you’re looking to build wealth and supercharge your savings, then Money. Wealth. Life Insurance. is a must-read. This book provides a unique perspective on how the wealthy use life insurance as a tax-free personal bank, and how you can do the same.
Pros
- Provides a unique perspective on how to build wealth using life insurance
- Easy to understand concepts and examples
- Short and to the point, making it a quick read
Cons
- May not be suitable for those who are not interested in life insurance
- Some readers may want more in-depth information
- Not suitable for those looking for a get-rich-quick scheme
As a financial blogger, I was pleasantly surprised by the insights that Money. Wealth. Life Insurance. offers. The book is written in a clear and concise manner, making it easy to understand even for those who are not well-versed in financial jargon. The author provides real-world examples and case studies, which help to illustrate the concepts and make them more relatable. You can read more about how to use life insurance to build wealth here!
The book covers a range of topics, including how to use life insurance to build wealth, how to avoid common financial traps, and how to reduce your taxes. I particularly liked the section on how to use life insurance to create a tax-free income stream in retirement.
Overall, I highly recommend Money. Wealth. Life Insurance. to anyone who is looking to build wealth and supercharge their savings. The book offers a unique perspective on how to use life insurance to achieve financial freedom, and the concepts are presented in a clear and easy-to-understand manner. If you’re serious about building wealth, then this book is a must-read.
Wealth Books 5: 10 COMMANDMENTS OF BLACK ECONOMIC POWER
If you’re looking for a concise and practical guide to building wealth in the Black community, then 10 COMMANDMENTS OF BLACK ECONOMIC POWER is a must-read. Dr. Boyce’s book provides actionable steps that anyone can take to improve their financial situation and create a lasting legacy for future generations.
Pros
- Provides practical and actionable steps to build wealth
- Offers a fresh perspective on building wealth in the Black community
- Easy to read and understand
Cons
- Some of the advice may not be applicable to everyone’s situation
- May be too basic for readers who are already well-versed in personal finance
- Relatively short compared to other personal finance books
Dr. Boyce’s book is divided into ten chapters, each of which focuses on one of the ten commandments of black economic power. He covers topics such as investing, entrepreneurship, and financial literacy, all from a unique perspective that emphasizes the importance of building wealth within the Black community.
One of the strengths of this book is its practicality. Dr. Boyce provides specific steps that readers can take to improve their financial situation, such as creating a budget, investing in stocks, and starting a business. He also offers advice on how to avoid common financial pitfalls and how to stay motivated on the path to financial freedom.
Another strength of this book is its fresh perspective on building wealth in the Black community. Dr. Boyce challenges much of the conventional wisdom and offers a new way of thinking about wealth creation that is both empowering and inspiring.
Overall, 10 COMMANDMENTS OF BLACK ECONOMIC POWER is an excellent resource for anyone who is looking to build wealth and create a lasting legacy for future generations. While some of the advice may not be applicable to everyone’s situation, the practical steps and unique perspective make this book a valuable addition to any personal finance library.
Wealth Books 6: Rental Property Investing by Brandon Turner
If you’re looking to create passive income and build wealth through real estate investing, this book is a must-read. Brandon Turner breaks down the process step-by-step and provides valuable insights for both novice and experienced investors.
Pros
- Easy-to-follow guidance for buying and holding rental properties
- Real-life examples and case studies to illustrate concepts
- Includes tips for managing and scaling your rental property portfolio
Cons
- Some readers may find the author’s promotion of his website and podcast to be excessive
- Focuses primarily on residential real estate investing, with limited information on commercial properties
- May not be suitable for readers looking for a get-rich-quick scheme
In “Rental Property Investing,” Brandon Turner draws on his own experience as a successful real estate investor to provide practical advice for building wealth through rental properties. The book covers everything from finding and financing properties to managing tenants and maximizing profits. Turner also includes valuable tips for scaling your portfolio and avoiding common pitfalls.
One of the book’s strengths is its emphasis on the long-term benefits of buy-and-hold investing. Turner makes a compelling case for the advantages of building a portfolio of rental properties over time, rather than trying to make a quick profit. He also provides detailed guidance on how to analyze potential properties and calculate returns.
While the book is primarily geared towards residential real estate investing, Turner also touches on commercial properties and other types of real estate. The author’s writing style is engaging and approachable, making complex concepts easy to understand.
Overall, “Rental Property Investing” is an excellent resource for anyone looking to build wealth through real estate investing. Whether you’re a beginner or an experienced investor, you’re sure to find valuable insights and practical tips in this book.
Wealth Books 7: Invisible Wealth: 5 Principles for Redefining Personal Wealth in the New Paradigm
If you’re looking to redefine your wealth and take control of your financial future, Invisible Wealth is the book for you. This insightful guide offers a fresh perspective on personal finance and provides actionable steps to help you achieve financial freedom.
Pros
- Offers a unique perspective on wealth and personal finance
- Provides actionable steps to achieve financial freedom
- Written by an experienced financial expert
Cons
- May not be suitable for those looking for traditional financial advice
- Some concepts may be difficult to understand for beginners
- Not a quick-fix solution for financial problems
Invisible Wealth offers a refreshing take on personal finance that challenges traditional notions of wealth. The author’s expertise and unique perspective make this book a valuable resource for anyone looking to take control of their financial future.
The five principles outlined in this book provide a solid foundation for building wealth and achieving financial freedom. The author’s emphasis on mindset and perspective is a welcome departure from traditional financial advice that focuses solely on numbers and investments.
While some of the concepts may be difficult to understand for beginners, the author’s clear and concise writing style makes the information accessible to readers of all levels. However, this book is not a quick-fix solution for financial problems. And requires a commitment to implementing the principles outlined within.
Wealth Books 8: Live WELLthy: Own Your Worth, Grow Your Wealth
If you’re looking to take control of your finances and build wealth, Live WELLthy: Own Your Worth, Grow Your Wealth is a must-read. Written by financial advisor Dawn, this book combines her expertise with mindset shifting to help you achieve financial freedom.
Pros
- Offers practical and actionable advice for building wealth
- Combines financial expertise with mindset shifting
- Easy to read and understand
Cons
- Some of the information may be basic for those already familiar with personal finance
- Not as in-depth as some other personal finance books on the market
- Some readers may find the focus on mindset shifting to be repetitive
Live WELLthy: Own Your Worth, Grow Your Wealth is a great resource for anyone looking to take control of their finances and start building wealth. Dawn’s expertise as a financial advisor shines through in the practical advice she offers, and her focus on mindset shifting sets this book apart from others in the personal finance genre.
One of the things I appreciated about this book was how easy it was to read and understand. Dawn breaks down complex financial concepts into simple terms, making it accessible for readers of all levels of financial literacy. Additionally, the focus on mindset shifting was a refreshing change from other personal finance books that only focus on the numbers.
That being said, some readers may find the information in this book to be basic if they are already familiar with personal finance. Additionally, while the focus on mindset shifting is valuable, some readers may find it to be repetitive or not as in-depth as they would like.
Overall, I highly recommend Live WELLthy: Own Your Worth, Grow Your Wealth to anyone looking to take control of their finances and start building wealth. With practical advice and a focus on mindset shifting, this book is a valuable resource for anyone looking to achieve financial freedom.
Wealth Books 9: So…This Is Why I’m Broke: Money Lessons on Financial Literacy, Passive Income, and Generational Wealth
If you’re looking for a comprehensive guide to financial literacy, passive income, and generational wealth, then So…This Is Why I’m Broke is the book for you. Written by a financial expert with years of experience. This book is packed with practical advice and actionable tips. I 100% guarantee it will help you take control of your finances and build lasting wealth.
Pros
- Easy to read and understand
- Covers a wide range of topics
- Provides practical advice and actionable tips
Cons
- Some of the information may be basic for experienced investors
- Could benefit from more in-depth analysis and case studies
- The book is relatively short at only 256 pages
I found So…This Is Why I’m Broke to be an incredibly helpful resource for anyone looking to improve their financial literacy. And obviously, build lasting wealth. The author does an excellent job of breaking down complex financial concepts into easy-to-understand language, and the book is packed with practical advice and actionable tips that you can start using right away.
One of the things I appreciated most about this book is its broad scope. The author covers a wide range of topics, from budgeting and money management to passive income and generational wealth. Whether you’re just starting out on your financial journey or you’re a seasoned investor looking to take your wealth-building to the next level, there’s something in this book for you.
That being said, some of the information in this book may be basic for experienced investors. If you’re already well-versed in financial literacy and investing. You may find that some of the concepts covered in this book are already familiar to you. Additionally, the author does provide some case studies and analysis. I would have liked to see more in-depth examples and real-world applications of the concepts presented.
Overall, I would highly recommend So…This Is Why I’m Broke to anyone looking to improve their financial literacy and build lasting wealth. With its practical advice, easy-to-understand language, and broad scope, this book is an excellent resource for anyone looking to take control of their finances and build a brighter financial future.
Wealth Books 10: Wealth without Cash: Supercharge Your Real Estate Investing with Subject-to, Seller Financing, and Other Creative Deals
If you’re looking to take your real estate investing to the next level, Wealth without Cash is a must-read. This book is packed with valuable insights and strategies for making deals without needing a lot of cash upfront.
Pros
- Provides creative deal-making strategies that can help you acquire real estate properties without a lot of cash upfront
- Offers real-world examples and case studies to help illustrate key concepts
- Written by experienced real estate investors who have successfully used these strategies themselves
Cons
- May not be suitable for beginners who are just starting out in real estate investing
- Focuses primarily on creative deal-making strategies, so it may not cover other important aspects of real estate investing
- Some of the strategies outlined in the book may be more complex and require more experience to implement successfully
One of the things I appreciated most about this book was how practical and actionable the advice was. The authors don’t just talk about theory. They give you specific strategies and techniques that you can start using right away to build your real estate portfolio. Whether you’re a seasoned investor or just starting out, Wealth without Cash is a valuable resource that can help you take your investing to the next level.
The book covers a wide range of topics related to creative deal-making, including subject-to-financing, seller financing, lease options, and more. Each chapter is well-organized and easy to follow. With plenty of real-world examples and case studies to help illustrate key concepts.
Overall, I highly recommend Wealth without Cash to anyone who is serious about building wealth through real estate investing. Whether you’re looking to acquire your first property or you’re a seasoned investor looking to expand your portfolio, this book is packed with valuable insights and strategies that can help you achieve your goals.
Wealth Books Buying Guide
When it comes to choosing the best wealth books, there are a few things to consider. As a financial blogger, I’ve read my fair share of wealth books on personal finance and investing. I’ve learned that not all wealth books are created equal. Here are some key features to look for when choosing wealth books:
1. Author’s Credentials
Firstly, it’s important to consider the author’s credentials when choosing a wealth book. Secondly, look for authors who have experience in finance or investing, or who have a proven track record of success. A book written by a financial expert is more likely to provide valuable insights. Compare this to advice than one written by someone with no experience in the field.
2. Clarity of Concepts
The best wealth books are those that are easy to understand and follow. Firstly, look for books that break down complex financial concepts into simple, easy-to-understand language. However, you should avoid books that use jargon or technical terms that may be difficult for beginners to understand.
3. Relevance to Your Goals
Consider your own financial goals when choosing a wealth book. Firstly, look for books that address the specific areas of personal finance or investing that you’re interested in. For example, if you’re looking to invest in stocks, look for books that focus on that topic specifically.
4. Reviews and Ratings
Before making a purchase, be sure to read reviews and ratings from other readers. Firstly, look for books that have high ratings and positive reviews, and avoid those with low ratings or negative reviews.
5. Format and Style
Consider the format and style of the book when choosing a wealth book. Do you prefer a traditional book format, or would you rather read an e-book? Do you prefer a conversational writing style or a more technical approach? Choose a book that matches your personal preferences and style.
By considering these key features, you can choose the best wealth book to help you achieve your financial goals. Whether you’re a beginner or an experienced investor. There’s a wealth book out there that can help you take your finances to the next level.
Before You Go
I recommend you read the: How to Build Wealth post! This will show you how you can actually grow your wealth from nothing. However, there are levels for that. Click here if you are in your 20s. Here if you are in your 30s. Or here if you are in your 40s or more. See you there!
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