It's nice to set a goal from time to time. If you find yourself struggling with money often, you may make objectives based on managing finances. However, how do you know what goals to set? What's reasonable when you're first beginning to change your ways? Luckily, several knowledgeable finance pros have published books on budgeting, money management, salary raises and more. If you're looking to get inspired, you've come to the right place. Read these five financially motivating books to help get you on the right track.
1. 'The Self-Made Billionaire Effect: How Extreme Producers Create Massive Value' by John Sviokla and Mitch Cohen
Who doesn't want to be a billionaire? If you have money troubles, you may often find yourself envious of those who are very financially sound, including billionaires.1 What did these people do to achieve such success? This book mentions a few notable billionaires and what all of them have in common. If you're looking to find the magic formula and get inspired, pick up this good read.
2. 'Rich Habits: The Daily Success Habits Of Wealthy Individuals' by Thomas Corley
Finding success in finance can be difficult, especially when you're young and just beginning to truly figure out the value of money.2 This book is essentially a how-to guide for young people on what makes some rich and others poor. Want to know how the guy knows his stuff? He actually spent five years studying both rich and poor people to determine what characteristics each group held, and he found a few distinguishable traits. If you'd like to change your ways and fall into the wealthier group, don't overlook this one.
3. 'If You Can: How Millennials Can Get Rich Slowly' by William Bernstein
This book was written by a guy who founded the investment management firm Efficient Frontier Advisors and wanted to pass on his advice to his grandchildren. The book walks millennials through ways to end up with $1 million in the bank, but advises them that it may take a while. He also touches on the fear that some millennials may have that Social Security won't be around by the time they retire, which isn't necessarily true.
4. 'I Will Teach You To Be Rich' by Ramit Sethi
Most people don't want to have to put in a lot of effort to become rich and successful. This is one of the top financially motivating books that helps people balance finances and gain money in a mere six weeks. The program is designed for people between the ages of 20 and 35, so if you're in that age bracket you might want to pick up this book. It's also perfect for someone who doesn't want to spend too much time worrying about money.
5. 'The Investment Answer' by Daniel Goldie and Gordon Murray
Have you ever wondered how you should be investing your money? This book reviews what the right investment moves are for a young professional and what decisions may have the best effects down the road.