Earlier this year, I set a goal of having a net worth of $1,000,000 by the time I turn 40. What seemed like a lofty goal at one point in my life now seems decently feasible. I owe a lot of that success to the investment I've made in my education. And no, I'm not talking about college degrees (Go Green!). I'm talking about the small investments I've made in purchasing some of the most inspirational, eye-opening and motivating books out there on business, personal finance and professional growth.
I've had major epiphanies about the direction of my life while driving in my car listening to a new audiobook or laying on the hammock flipping through the pages of a new book. It is amazing all of the life-changing information you can find out there.
I want to share some of the books that I've read or listened to that have helped me to grow my net worth over the last 5 years. I'm hopeful they will help you in your financial journey as well.
Here are 5 books that have inspired me to action and helped me grow my net worth:
The Millionaire Next Door by Thomas J. Stanley
What's it about? A best-selling book that dispels misconceptions about the wealthy and reveals the common traits they share.
Why I enjoyed it? It was an eye-opening book that helped me get a better vision on my journey toward financial freedom. My understanding of what it really means to be “rich” changed completely after I finished reading it.
Total Money Makeover by Dave Ramsey
What's it about? Dave Ramsey provides 7 easy to follow “baby steps” that lead people to financial prosperity.
Why I enjoyed it? This book helped me to become debt free and create a plan to pay off my mortgage by the end of this year.
MONEY Master the Game by Tony Robbins
What's it about? Through his interviews with dozens of millionaires, billionaires and successful entrepreneurs, personal development guru Tony Robbins shares the secrets to reaching financial freedom in 7 simple steps.
Why I enjoyed it? The complexities of building wealth and growing your retirement nest egg became a lot less complex after reading this book. It also introduced me to the simplicity and efficiency of index funds.
Rich Dad, Poor Dad by Robert Kiyosaki
What's it about? Robert grew up being influenced by two men in his life – the father of his best friend (Rich Dad) and Robert's real father (Poor Dad). He chronicles the money lessons that he learned from both of these men as well as his personal successes with the goal of helping others escape the rat race of life.
Why I enjoyed it? At a young age, this book helped me to learn the difference between active income and passive income. Since reading it, I've continued to seek out ways to increase my passive income so I can live the good life like Robert.
Your Money or Your Life by Vicki Robin
What's it about? This New York Times bestseller has helped people from all walks of life change their relationship with money and reach financial independence.
Why I enjoyed it? Your Money or Your Life challenged me to take a hard look at my annual expenses. My inspiration to reduce our grocery budget by $300 per month came from the strategies shared in this book. More money for me and less for Kroger!