6 life-changing personal finance books you MUST READ in 2023 #Finance

in this CashNews.co I’m going to share with you six of my all-time favorite personal Finance books that have had the biggest impact to my life over the last few

years and have completely changed my mindset when it comes to money and time I’ll share a key takeaway from each of these so you have a little preview of what you’re getting yourself into number one I will teach you the whole premise of this book is that it’s not about the money

you make it’s about the money you keep and what you do with that money that will really make a difference you could be earning 70 80 grand a year but if you don’t know how to manage your money you will just be living paycheck to paycheck one of the things I find most frustrating when I

hear people from Finance backgrounds speak to people from non-none;">Finance backgrounds is their inability to use simple words when explaining something Sethi gets this bang on he uses the terms that are very understandable to the everyday Layman from all walks of life the device is pretty unconventional he says buy all the lattes you want use

Credit cards to your advantage and don’t think about the pennies but Focus instead on the big ticket items the chapters have very clear actions on things you could do like where you can open up your bank accounts how to get out of Debt as well as things like

how to bucket your money between fixed costs between Savings between investing and guilt-free spending if you’re looking for a very practical and actionable book he’s your man next up we have the four hour work week this book has been very pivotal to my life if you have

an interest in entrepreneurship or in business in the slightest sense you really have to read this book ever since I’ve got this book I’ve kind of formed a very clear picture on exactly what I’m aiming for and also how I’m going to get there and it’s the kind of book I

do wish I read like 10 years ago I would have done many things differently this book has inspired me to think out the box and question everything I know about productivity about time and about money most of us follow the same routine where we go to school we graduate we get a great job we work

super hard and make loads of money and then eventually retire but this book questions that whole system why should we be working until we’re 65 70 when we can’t even enjoy that money will have the ability to enjoy that money as much but instead take those 20 30 years after retirement

and spread them throughout our life instead he calls us mini retirements he also alludes to this concept of the new Rich which is when you have total control of when you work and where you work from and he explains how the new Rich generally have Auto automated streams of passive

Income that allow them to work as much as they want or as little as they want from anywhere they want to work from and in this book he includes a lot of practical steps for creating passive Income streams that allow you to live the new Rich lifestyle he also gives

tips to office employees on how they can live the new Rich lifestyle while still keeping their corporate job I received a few comments on the back of another CashNews.co that I made as to how I balance the side hustles whilst working a full-time job in banking and a big reason why is down to the

learnings of this book it has so many tips and tricks on being efficient things like Outsourcing to remote workers automated things batching different tasks so you could churn out things churn out more stuff and the reason why I’ve been able to play around with so many ideas without burning

out is because I’ve taken on so many of the ideas that Tim Ferriss talks about in this book next up we have Rich Dad Poor Dad I know you’ve probably heard of this one time and time again but it is the number one top selling personal

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance Book for a reason and I’ve put this one in because it really was a Tipping Point for me from having an employee mindset and thinking about purely Income to having a business mindset and

thinking about generating and Building Wealth and the storyline is that there are two dads Robert has a rich dad and a Poor Dad and they have very different mindsets in the book Robert explores the mindset that these two dads had when it came to money the dad who had impeccable grades

qualifications on qualifications a high-paying job but was living paycheck to paycheck was a poor dad and the rich dad who came from a completely different background and had a completely different mindset when it came to money the way he spoke about it the way he treated it the way he used it and

the way he made more money from it and in this book you take on the Journey of these two individuals and their mindset when it comes to Finances and Wealth

Building and by the end of the book it’s so clear as to what makes one of them rich and the other one poor school doesn’t teach us the things that I read in this book while you shouldn’t just stop at your day job the tax implications of an entrepreneur versus an employee

financial literacy as a whole and the most important takeaway from this book is the way he describes asset and Liabilities the wealthy the buy Assets whereas the poor and the middle class by Liabilities Liabilities cost money to

buy and they cost money to maintain whereas on the other hand every dollar you invest into an asset becomes an employee that is working for you when you’re not working the goal is to get your Income as high above your expenses as possible so that you can invest the disposable

Income you can invest the difference into Assets which create more Income and then there’s this beautiful cycle of increasing Cash Flow increasing Assets increasing Cash Flow increasing

Assets next up we have the Cash Flow quadrant this is kind of like a sequel to Rich Dad report ad but it’s a bit more sophisticated and in this book Robert goes through the key steps that him and his wife took to go from being homeless to Building Wealth and

retiring young in this book Robert draws into the four sections or the quadrants of different ways we can earn money and he categorizes that into four ways employees self-employed business and investors most of us are conditioned to become employees or self-employed and that’s the way the

system has been created we don’t have lessons on business us or in Finance not at school at least I didn’t and no one learns how to become an entrepreneur or how

to invest their money but Robert says that true wealth come from BB and the eye segment because of the freedom it gives you and it’s all about building passive Income so since I’ve graduated I’ve always had a foot in the e-contrant I’m trying more and more

to explore the other quadrants and if I look at the people around me and those that have kind of made it in terms of freedom and passive Income are those in the B and the I Cash Flow quadrants so this book is about being intentional with which quadrant you want to

be in and just because you’re in one now it doesn’t mean that you can’t make that shift and also doesn’t mean that you can’t make that shift overnight it just means using your time and money wisely so you can cross over to another quadrant if that’s what you want

to do and this book gives you all the skills and the mindset shifts that you need to make to make that switch next up we have Think and Grow Rich there’s a lot of controversy around this book and that’s a bit kind of fluffy a bit Airy fairy and kind of like the secret The Law of

Attraction but I personally am a huge believer in what the mind can believe if the mind can’t achieve with the right actions of course to back that and I feel like the first step in getting anywhere is to have this kind of outrageous level of self-belief that you can do anything and over the

course of 20 years the author Napoleon Hill interviewed a bunch of people that had built huge fortunes from scratch and he found common things amongst all of them and he basically outlines in this book the blueprint for how anyone can become rich this book makes you realize that it doesn’t

take money to make money necessarily it does take the right mindset and he says that getting rich requires three key things number one desire number two a plan and number three an unwavering focus and these three things will unleash the opportunities you need to make money people think that

it’s all the latest things the latest gadgets the most revolutionary ideas you have to do but it really comes down to these three Timeless principles that stand the test of time it might be a bit fluffy for some people but money and wealth really is about the mindset and less in my opinion

about knowing the complicated Financial things and the financial actions that you need to do this book rewire is your brain and makes you think completely differently about none;">Finances in a way that makes the whole making money and managing your money is so interesting next up we have lean in by Cheryl Sandberg the books I’ve mentioned so far are about managing your money making money grow for you in a way where you can secure Independence and

secure Financial abundance managing your money is one part of it but to really Propel and speed up that process you’ve got to manage your money manage your expenses but also increase your Income increase your Revenue and for a lot of people watching this I

imagine our day job is a huge source of that Income it’s the foundation that’s why the next book I want to recommend is Lena by Cheryl Sandberg a lot of what we see and hear about today is about owning a business about being an entrepreneur or whatever but the reality

is a lot of us do work in day jobs and so we need to know how to make the most out of our situation and make sure we are getting the pay we deserve and the money we deserve for the work that we’re putting in this book provides a lot of advice on how to climb up that corporate ladder and

encourages women to take more risks be more ambitious in the professional goals gain confidence demand more and generally gun for those leadership positions but this book is both for women and for men the men that want to support their Partners in achieving their goals and understanding what they

have to do I want to do more book reviews on non-personal Finance books as well there’s quite a few that have completely changed the way I think and if you’re

interested in that then let me know I’ll make more of those CashNews.cos I am also going to record a q a next week if you have any questions that you want to ask pop them in the comments below or DM them over on my Instagram and I’ll get them answered thank you so much for watching

don’t forget to subscribe if you haven’t already otherwise I hope to see you in my next CashNews.co