Doing This Will Make You A Net Worth Millionaire

In The Simple Path to Wealth, blogger and financial expert JL Collins offers a simple road map to achieving financial independence and a secure retirement: Spend less than you make, avoid debt, save “F-You Money,” and invest in stock index funds. He demystifies stocks and bonds, as well as a plethora of investment plan options. In addition to explaining basic concepts such as asset allocation, Collins answers key questions such as how to live on your investments and how to avoid major tax hits.

Whether you’re in the wealth accumulation stage of life where you’re growing your investments, or in the wealth preservation stage where you’re living on them, Collins tells you how to use your money to achieve freedom and a more fulfilling life.

Your Money or Your Life guides you through 9 steps to reach financial independence—not having to work for money. Unlike other personal finance books, this book is about more than budgeting. Rather, it’s about changing your entire relationship with money and, consequently, living a more meaningful life. You’ll learn to think of money as “life energy”—the time and energy you dedicate to paid work—and use this new mindset to align your spending habits with your values, purpose, and dreams.

You don’t have to choose between saving money and enjoying your life. Transforming how you think about money is the key to having both the life you want and the money to achieve and maintain it. In the 9-step program, you’ll learn to pay down your debt, generate passive income, simplify your life, and retire early.

Many people feel helpless when it comes to managing their money. They’re consumed by debt or worry that they'll never be financially secure.

In The Barefoot Investor, Scott Pape offers guidance and a 10-step plan for how to manage your money so that you eliminate debt and build wealth. Though the plan is written for an Australian audience, the basic principles are universally applicable. Starting with establishing regular date nights with your significant other to discuss finances, then covering reducing debt and buying a home, the steps in this book will help you make informed money decisions.

Does thinking about your personal finances make your palms start to sweat? If so, you’re not alone. The sheer amount of information out there about managing your finances is overwhelming, especially for people in their 20s or 30s who are just starting their financial journeys. Ramit Sethi is a self-taught expert in personal finance whose goal is to help you cut through the noise of conflicting and overly technical financial advice, get past your own hang-ups around money, and take small steps toward a “rich life”—whatever that looks like for you.

In this summary, you’ll learn how to use credit cards wisely, choose the right bank accounts and investment accounts, plan out your spending, and ultimately create a financial system that grows your money automatically.

Too many young adults have been convinced that their twenties are a “free period” of life, during which none of their choices matter and there are no consequences. The truth is, though, that your twenties are a crucial time in establishing a fulfilling adult life down the road, and throwing them away because of a cultural myth of extended childhood only makes it harder for you to find eventual happiness. Psychologist Meg Jay discusses the ways in which today’s youth have been misled into wasting these important years, and explores how we can make the best of this decade to find success in both work and love.