There are people that are excellent at managing their finances. On the other hand, there are a number of people who struggle with keeping their personal finances afloat.

Oftentimes, it has less to do with how much they earn or how much they spend. There is an important role that financial education plays, and we all must continually seek to be better at handling our finances.

Having said that, it's quite important to note that reading books on personal finance plays a huge role in improving financial management and here are 5 books you may find very helpful in the quest for financial freedom:

1. Why Didn’t They Teach Me This in School by Cary Siegel

‌‌This is one of the best overall finance books that has stood the test of time. Author Cary Siegel considers the inadequacy of the knowledge imparted on students in schools, especially on matters relating to financial management.

‌‌The book implores young people to speed up and master the principles of wealth creation from a very early age in life. He divided these principles into 99 broad categories.

‌‌2. Rich Dad Poor Dad by Robert Kiyosaki

‌‌Kiyosaki explained what the rich teach their kids about making money and retaining it that the middle class do not take so seriously.

‌‌The book retains its spot as one of the bestselling personal finance books ever. The book sheds light on money management and shares helpful tips on getting out of debt.

‌‌3. The Total Money Makeover by Dave Ramsey

‌‌Dave Ramsey is a renowned speaker on debt crisis management and whenever he shows up to give insights on money and finances, people sit up and listen because he has achieved a lot to learn from.

‌‌The book examines a solid base for saving enough money for life emergencies and to ensure that your financial standing is sustained even after retirement.

‌‌4. The Automatic Millionaire by David Bach

‌‌This is one of the best books on wealth creation. It is a book that prioritizes basic details, rather than unnecessarily bulky points. It considers “A Powerful One-Step Plan to Live and Finish Rich”.

‌‌He made use of an analogy revolving around the life of a couple that earned an average income but were able to pull through running two mortgage-free homes and a valuable retirement savings plan.

‌‌5. Your Money or Your Life by Vicki Robin & Joe Dominguez

‌‌The authors targeted the concept of budgeting and achieving financial independence. Explaining the fact that frugal money management actually brings more happiness than lavish and unplanned spending.

They also clarified on the idea that earning money should not mean misery, with emphasis on the fact that financial independence truly means living within your budget by making a few life changes in how you acquire wealth and spend.

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