5 reads to make you wealthy
Financial literacy may sound like a boring topic, but who doesn’t want to be wealthy? And when you think about it, why don’t we learn more about finances in elementary and secondary school? If you’re like me and hundreds of thousands more who were taught nothing about money in school and had to figure it out on your own — you’re in luck! There are a ton of actually entertaining books on the topic, several of which I recently read trying to educate myself.
Note: As an Amazon Associate I earn from qualifying purchases.
It’s not necessary to read The Wealthy Barber to understand the concepts in this sequel. Focusing on the importance of saving and how to get started, it's a good primer if you’re totally new to the topic of personal finance. It's also surprisingly funny!
Wealthing Like Rabbits is just as funny and readable as The Wealthy Barber Returns, and it goes into more detail about certain topics, like purchasing cars and buying a house. It's mostly aimed at 20-somethings, but there is still a lot of sound advice for people of any age.
Of all the books on this list, Millionaire Teacher goes into the most detail about the math and machinations behind the stock market. If you already have some understanding of finances, this might be what you need to get to the next level.
This is a great guide for Canadians interested in index mutual funds and exchange-traded funds. The book makes a solid case for index investing, and lays out a step-by-step guide to making a plan and following through. After reading the book, I opened my own account with a discount brokerage.
If bite-sized bits of information are more your style, I highly recommend the Mr. Money Mustache blog. Peter Adeney writes about his experience retiring at 30 through astute saving and thrift. His writing is humorous and engaging, and he has many quick tips for living more cheaply -- which may actually be the fastest ticket to wealth you have at your disposal.