One of the foremost things rich people target when they’re ready to make the shift to an elite lifestyle is a money mindset.
Psychology highlights your attitude and behavior to important aspects of your life and how it impacts your actions and the results.
That’s what the money mindset is all about, and the goal is improving your relationship with money to secure a financially successful future.
If you’re ready to take the plunge and get rich, the first step is converting your mindset to fit into your monetary goals. However, knowing where to start is tough, and without proper guidance, you can easily get lost in the maze.
So, to tackle this problem, a great idea is to read books on money mindset.
This way, you’ll acquire the information you probably didn’t know before, identify issues, and resolve them. In other words, you’ll be getting the hang of your money mindset and financial challenges.
Want to learn more about which books can give you the starting point you need? I’ve compiled a list that’ll assist you in this task!
How Can These Books Help You?
If you’ve been thinking about money the same way since you were a kid, you’re not alone.
Your money mindset is developed early on in life. Unless you spend time exploring it and implementing changes, it’s unlikely to change either.
Reading books on money mindset is a stepping stone to getting to know what happens behind the scenes of millionaires who built themselves from scratch.
Granted, there’s a lot of academia on financial attitudes and behaviors, but nothing is quite as effective as gaining that information through an interactive book.
Furthermore, books can lay down the basics of financial terminologies and management methods in simple words.
13 Best Books to Develop a Strong Money Mindset
Can’t decide amongst the thousands of books on money mindset to begin this journey? Here’s a list of some of the most acclaimed ones in this genre to start understanding and developing your money mindset.
Think and Grow Rich
Imagine a book originally published back in 1937 still counts as one of the best on money mindset.
Thing and Grow Rich by Napoleon Hill is a bestseller, with attributes like making it on the top-rated money mindset and business books lists.
This book doesn’t just focus on making money, but on the mindset that gets you there.
You’ll be sliding into Hill’s genius with bold questions and practical tips that stand the test of time. Also, the author puts the millionaires of his time in the spotlight to back up his theories.
While a book with immense popularity is never short on criticisms, you’ll get an in-depth view of the secrets to financial success and how they work together.
Besides learning what Hill has to say about what to do to get there, you’ll get to read his insights on what to avoid as well.
Rich Dad Poor Dad
Rich Dad Poor Dad isn’t a stranger to bestselling lists from big names like New York Times, Businessweek, and Wall Street Journal. Having sold more than 40 million copies, Kiyosaki’s self-published book is still listed as one of the best writings on financial success.
The book doesn’t flow like the typical do this, not that. Instead, Kiyosaki follows the “show, don’t tell” philosophy for his theories.
As the story takes you through two contradicting personalities in Kiyosaki’s life – his real father and his best friend’s rich father, you’ll get to explore an insightful approach to finances and burst relevant myths side by side.
Gain a new perspective on how income doesn’t guarantee financial success, liabilities we wrongfully consider as assets, methods for preparing yourself to become rich, and much more.
Overall, this book is likely to help change your thought process on finances and break through your money struggles.
The Richest Man in Babylon
The Richest Man in Babylon, an original 1926 classic, has held a strong foothold in the finance genre.
Although it was written almost a century ago, George Clason has masterfully combined financial lessons that are applicable even today.
In all its essence, the book is a collection of ancient parables through the advice of our protagonist, Arkad, a Babylonian man who carries the wisdom of growing and retaining wealth.
You get to delve into the timeless secrets of attaining financial success in the book’s two-part sections named “Seven Cures” and “Five Laws of Gold”.
This book should be on everyone’s TBR list for several reasons.
For one, while the concepts might feel like common sense statements, the simplistic storytelling of Babylon’s people and how they grew rich will engage and influence you.
This collection is an eye-opener for anyone who wants to grow and retain wealth, manage debt and savings, or invest intelligently.
The 4-Hour Workweek
The New York Times bestselling author, with more than 2 million copies sold, takes you through his journey from an exhausted workaholic to a relaxed affluent living life to the fullest with practical tips that made it possible.
We all have that perfect life mapped out where we’re not letting work consume us and having to count pennies. Imagine having more time and money to really live.
If you’ve daydreamed about it but don’t know how to get there, Tim Ferriss’s The 4-Hour Workweek has the headstart tips you need.
The author focuses on stepping away from the usual mindset of a 9-5 job, a stable retirement plan, working harder for money, and throwing away travel plans for post-retirement life.
The counterintuitive ideas in this book will show you that being a rule-breaker for an enjoyable, easier and wealthier life is possible. Leave it to the author to tell you the hows behind it.
Secrets of the Millionaire Mind
If you’re looking for a money mindset book that gets down to the basics, this is it. T. Harv Eker’s book has made it to several bestselling lists, including New York Times and Wall Street Journal.
Within 2.5 years, Eker went from your average hustler to a millionaire. And that’s how you know he applied what he preaches, and it works!
Cutting to the chase, the book reveals that the secret to becoming rich lies in how your brain thinks about money, your money blueprint, in other words. You’ll explore how your money mindset builds from childhood and blocks your financial progress.
In the second section, the book tells you what you can do to rewire the blueprint by taking small yet definite steps toward a powerful money mindset that boosts your chances of getting rich.
On top of that, you’ll be reading through the thought process of millionaires and their variance from the poor and middle class.
MONEY Master the Game: 7 Simple Steps to Financial Freedom
When Forbes and the New York Times call out a book as a winner in personal finance, you know it should be at the top of your list.
50 million people have transformed their lives with the help of Tony Robbins, and if you’re looking for a practical approach to getting rich, you should get in the lane.
Robbins uses excerpts from detailed interviews with 50 money-making financial experts, including Steve Forbes, Warren Buffet, Ray Dalio, and others, in his book. The result? A strategic mapping on how to go from zero to a millionaire with 7 steps to back you up.
7 Simple Steps to Financial Freedom cover, source: Freedomeer
You’ll get to uncover the blueprint behind mastering a money mindset that takes you onwards and upwards in your success journey. Not just that, but you’ll learn the most complex financial concepts through illustrations and examples.
While you won’t get a lot of details, specifically in terms of the interviews, MONEY is the handbook everyone needs to get a grip on their financial freedom.
The Power of Broke
From the stage of the Shark Tank show to a big-shot business entrepreneur and now a bestselling author, Daymond John puts his talent to work in his book The Power of Broke.
John’s life story is nothing less than an ideal journey to becoming a millionaire. His story is an inspiration for many, but the book highlights a diverse range of entrepreneurs who had little to nothing when they set out to build a legacy alongside his own.
You’ll get to draw inspiration from the struggles of DJs, bakers, fashion designers, and many more individuals with one thing in common: they’re all broke.
A unique perspective on how being broke, whether it’s in terms of money or resources, can bring your innovativeness and creativity to the forefront.
John uncovers the foundations behind what it takes to climb your way to the top. These stories will inspire you to take the necessary steps to pursue your dreams, no matter the circumstances.
The Automatic Millionaire
If there was a competition for “the most practical book on personal finance, The Automatic Millionaire would be bringing the trophy home.
With more than 1.5 million copies sold and making it on multiple bestselling book lists, David Bach brings an ultimate guide to automating your financial life.
Drawing on the author’s personal story, Bach and his wife retired in their 50s with $1 million saved in their bank account. Other than the inspirational background, the crux of the book is based on how to set up a financial plan within no time.
Reading this will help you forget spending years stuck in the loophole of investments, savings, and expenses.
At this point, you’d be thinking easier said than done. Bach thought of that, too, which is why you’ll be accessing an automated financial system that guides you through planning and the tools to get you through it.
This book gives you everything you need to get your financial house in order once and for all and never have to worry about it again.
Law Of Attraction to Make More Money
Never heard of the law of attraction? You should get on this train if you don’t want to fall behind, especially on your finances.
But with all the hype around LOA for manifesting more money, many of us still don’t have it figured out. Through her most popular book, Elena G. Rivers breaks down the A to Z of getting richer by tuning into your money mindset.
This quick read will direct you to explore your mindset and identify the obstacles in your path to becoming rich. Once you have that sorted, Rivers addresses the trick to digging deeper and changing your attitude towards money step-by-step.
A more practical approach to a modern-day concept, you’ll get tips on applying LOA to your life, whether you’re a struggling employee, entrepreneur, or just someone who wants to get their vision boards sorted.
The Millionaire Next Door
Do you imagine a millionaire looking like someone who drives the latest Mercedes, wears expensive suits, has a million-square-foot mansion, and so forth?
If that’s the case, Dr. Thomas J. Stanley throws these misconceptions out of the park in his book.
Based on years of research, Stanley points out seven common traits of American millionaires.
You’d even be surprised to read about a few of them, such as how they value investments instead of spending to maintain societal class. The numbers on how many millionaires have second-hand cars will definitely get you thinking!
This book isn’t a how-to guide on personal finance if that’s what you’re looking for. However, it does encourage the reader to reform their financial habits taking from what millionaires do.
In summary, it’s a real eye-opener and can help you make wise financial decisions, including spending wisely, living below means, and investing in your future.
Quit Like a Millionaire
Kristy Shen believes in formulas for financial independence. In her bestseller Quit Like a Millionaire, she unlocks the keys to making enough money that you can retire as early as your 30s with a million bucks in your savings.
Based on her personal experiences, Shen has a rock-solid system that can enable you to get out of the decades of a 9-5 work life. And no, that doesn’t include living on pennies or becoming the next visionary like Steve Jobs.
With a seamless combination of a memoir and a how-to process, you’ll learn the art of finance management and investment basics. If you’re tired of the hustle, you’ll get to dive into insights that guide you toward financial independence and hop on a laid-back life.
The book primarily focuses on investments, such as retirement accounts and the stock market. Whatever stage of life you’re at, you’ll also get tips like insurance and taxes. Overall, this is a great primer for anyone new to financial planning.
You Are a Badass at Making Money
Jen Sincero is a maestro at financial advice that has worked for at least most, if not all, of her followers.
Her New York Times bestselling book You Are a Badass at Making Money unveils the strategies she implemented to go from a struggling freelance writer to a millionaire.
Another book on money mindset, but one that expertly mixes personal experiences and factual concepts. Sincero explores the technicalities of the money mindset and how to alter it in your favor.
An added bonus that makes this top money mindset book lists is that the strategy isn’t just on paper but methods that get real results.
By the end of this book, you should be able to tap into your money mindset and channel a positive outlook, helping you take action to increase your wealth in parallel.
The Psychology of Money
Bestselling author Morgan Housel took the opportunity to put down 19 stories that will make you revisit your attitude and behavior toward money.
The Psychology of Money shows the mundane reality of our money mindset through real-life examples.
With all that said, as a reader, you’ll learn more about how our financial decision-making and its results are tied to our relationship with money.
Aside from technical terms and mathematical formulas, Housel explores the most common reasons for our finance-based actions.
A series of important questions later, you should be able to set clear financial goals, start building your money mindset, and form solid habits that are invaluable to your savings and investment plans.
This isn’t a “get rich within days” guide, but one that helps you increase and preserve money for the long term through a life-changing process. You’ll be motivated to shape your thought process and make better financial decisions.
Conclusion
You’ve made it to the end! Now, add these books to your TBR list and get your hands on them whenever you can.
Whether you’ve been struggling with finances or someone who wants more insights on it, these books are loaded with informative content. By the end of it, you’ll surely be applying a strategy or two that can pave the way to your financial success. So, don’t wait to revolutionize your money mindset with these starters.
