Financial independence is all that we seek as humans whose everything is dependent on their economy. How we know about the stock market and investments yet are too scared to invest in something due to lack of knowledge – or how we wish to build a good financial structure for our future yet fail to do that because our wants are greater than our needs. Here is a list of 5 books to make you financially independent.
5 Books to Make You Financially Independent:
Your Money or Your Life – Vicki Robin & Joseph R. Dominguez
In the present time, it is significant to comprehend the contrast between making a living and creating a life. This book is more relevant today than it was at the time it got published. It gives you a better understanding of the connection between the material world and you.
The Simple Path to Wealth – J. L. Collins
The book got created after a series of letters and to the writer’s daughter and the letters were mostly based upon investment and finance. The things Collins made her aware of are things she was not prepared to hark. Since the economy is the only basis that dominates and controls the world, it is always hard to comprehend it. Complex investment is there only for those who profit from the simple aspect of selling and creating. Through this book, the readers get to know a lot of things such as –
- How we should look at money and what should we do to keep building our economy?
- What is the stock market and how it functions?
- Why does the stock market increase and why does most population lose their invested money?
- Why the traditional investment procedure is wrong and how can we make it better?
- What is the 4% rule? How we should implement it to cautiously spend our wealth?
- Why we should be cautious before getting involved with an investment advisor? And do we need one?
- And much more financial advice…
The Millionaire Next Door – Thomas J. Stanley
This book is a nation’s best seller and for all the right reasons. It has changed the lives of a lot of people. In this book, you will get answers to a lot of questions that were and probably still are in your mind –
- Who are the rich people of this country?
- What is the occupation of all those rich people?
- Where do they go shopping?
- Which car or vehicle do they drive?
- How do these people invest?
- What was the starting point of their ancestors?
- How did they become owners of such wealth?
- Can you ever be one of the rich people of the country? And many such questions like these.
Meet the Frugalwoods – Elizabeth Willard Thames
In the year 2014, Nate and Elizabeth Thames were conventional 9 to 5 professional employees. But both of them are resolute to retire as early as possible so that they can live each day on their terms. They intended to hoard a massive sum of wealth, as much as they can – over 70% of their joint income. Dubbing themselves at Frugalwoods, Elizabeth commenced filing their unusual parsimony and the resulting wholesale existence alteration on their eponymous blog.
In the span of fewer than 3 years, Nate and Elizabeth succeeded with their plan. At present, both of them are monetarily self-regulating and living their dream on a homestead in the woods of rural Vermont on a sixty-six-acre ground with their young daughter. It is a frugality that brought them harmony and happiness. This family does not bother about getting others’ attention with the help of their material ownership or by owning the latest gadgets. Through this process, Elizabeth discovered her self-esteem. This book highly glorifies the fact that the mainstream path is not the only way of surviving.
Set for Life – Scott Trench
True wealth is about making adequate readily accessible wealth so that you can survive a year without a job – then for a few more years and life. Through this book, readers will learn how to save their 50% of income, even while enjoying the other half, how to triple your income in 3-5 years, and how to save real assets, and disregard the false ones cause that obliterates the wealth.