10 Life-Changing Money Mindset Books To Help You Build Wealth!

Last Updated October 10, 2024 by Davina Kelly

If you’re on a journey to improve your finances these money mindset books are a great tool. 

Developing a strong money mindset is crucial for achieving financial success and stability.

Your money mindset involves the attitudes, beliefs and practices that influence how you manage your money. 

The great thing about your mindset is that you can change it if it doesn’t serve you.

You can read books to learn valuable insights to elevate your mindset and transform your finances. 

Reading books can have a huge impact on your life. Whenever I want to learn something whether it’s about personal development or money I turn to books.

It has given me a different outlook, improved my mindset and led to me making positive changes in my life. 

In this post, you’re going to learn the best money mindset books along with life-changing books about money. 

After reading this post, you’ll know the most popular finance books to help you build wealth and live your rich life.

I’ve personally read each of these books, so I’ll be sharing my own thoughts and honest reviews.

This post is all about money mindset books.

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10 Best Money Mindset Books:

1. Rich Dad Poor Dad by Robert T. Kiyosaki

Rich Dad Poor Dad is one of the most popular finance books, whether you’ve read it or not I’m sure you’ve heard of it. 

This book examines the financial philosophies of Robert’s Rich Dad and Poor Dad to highlight the differences in their approach to money. You’ll learn the difference between assets and liabilities and the importance of acquiring assets that generate income. 

If you want to learn how the rich approach money, the basics of financial independence and wealth creation this book is a great option. 

I read this book back in 2022 and it completely shifted my money mindset and approach to money. Before I read this book I was focused on building my career and buying a home. Now, I am working on purchasing an investment property and creating passive income streams. 

I understand this book isn’t for everyone. Everybody doesn’t want to be an entrepreneur and that’s fine. Whether you’re an employee or an entrepreneur the lessons in this book will inspire you to take control of your financial future. 

Key Takeaway: Accumulating liabilities will drain your finances. Think like the rich and focus on acquiring income-generating assets. 

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2. The Psychology of Money by Morgan Housel

The Psychology of Money is a great money mindset book that focuses on the psychological aspect of financial decisions. 

Rather than just giving advice Morgan shares a collection of short stories exploring how emotions, biases and behaviour influence financial outcomes. 

One of the best examples of this is Bernie Madoff’s infamous Ponzi scheme. Despite being wealthy his greed drove him to defraud his investors which led to disastrous consequences.

I recommend watching the documentary on Netflix if you don’t know the story. 

In today’s world, it’s easier now more than ever to fall into the trap of trying to keep up with the Joneses and making high-risk investments for quick gains. But those behaviours are unlikely to help you achieve your financial goals. 

This book encourages you to reflect on your financial habits and decisions. By understanding your own behaviour you can make more informed and rational choices.

Key Takeaway: Patience and long-term thinking are the keys to financial success. 

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3. The Millionaire Next Door by Thomas J. Stanley and William D. Danko

The Millionaire Next Door examines the habits, characteristics and lifestyles of millionaires and reveals some interesting insights. 

You’ll learn that most millionaires are regular people who live below their means and prioritise financial independence over status. I love this concept because I believe that you don’t have to wear or show your wealth. 

You can be a millionaire and look like everyone else around you. Sure you may want to upgrade your environment, but the focus should be on financial independence rather than outward appearances. 

This is one of the best money mindset books. It shows you how you can build wealth through frugality and disciplined spending, saving and investing habits. 

These are habits anyone can implement in their lives. It may not make you a millionaire overnight, but it will help you start building wealth. 

Key Takeaway: Live below your means and prioritise long-term goals over short-term gratification. 

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4. Think and Grow Rich by Napoleon Hill

Despite being written over 80 years ago, Think and Grow Rich still remains relevant today. 

This timeless classic book takes an interesting look at the power of thoughts and their impact on success. It shows how far you can go with a positive and determined mindset. 

Napoleon emphasises the effects of positive thinking, goal setting and persistence in achieving personal and financial goals. By changing your thoughts, adopting a wealthy mindset and applying the principles in this book you can significantly change your future.  

The book’s focus on mindset as a critical factor in success makes it one of the best money mindset books ever written. 

Key Takeaway: Your mind is powerful so focus on positive thoughts. 

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5. The Total Money Makeover by Dave Ramsey

The Total Money Makeover is a comprehensive guide to personal finance. It’s a practical step-by-step guide on how to manage your money, get out of debt and build wealth. 

Ramsy’s teachings are super popular and have helped many people pay off their debt and improve their finances. 

If you’re a beginner who wants to take control of your finances this is the book for you. It covers all the finance basics and focuses on the importance of financial discipline. 

One of my favourite Dave Ramsey quotes is “Live like no one else, so later you can live like no one else”.  This quote emphasises the importance of delayed gratification in achieving your long-term financial goals. 

His straightforward approach and emphasis on living below your means will change your money mindset and help you achieve your financial goals. 

Key Takeaway: Financial discipline and short-term sacrifices are key to achieving your long-term financial goals.  

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6. I Will Teach You To Be Rich by Ramit Sethi

I Will Teach You To Be Rich is a modern and practical approach to personal finance and is one of the most popular finance books for millennials. 

If you want to improve your finances but don’t know where to start this step-by-step guide is perfect for you.

Ramit will teach you how to build wealth easily with simple actionable tips like finance automation and conscious spending. His approach is both practical and realistic allowing you the freedom to spend money on things you enjoy without feeling restricted or deprived.

You’ll learn everything from negotiating salaries and managing credit cards to buying a house and planning for retirement. This comprehensive guide covers all the essentials to help you live your rich life. 

Side note: If you haven’t already, I highly recommend watching his show How to Get Rich on Netflix. 

Key Takeaway: You can spend money on things you love while building wealth. 

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7. The 4-Hour Work Week by Tim Ferriss

The 4-Hour Work Week challenges the traditional notions of work and gives a new take on financial independence. It has encouraged many people to rethink their approach to work and lifestyle.

Tim emphasises lifestyle design to create a life of freedom and fulfilment by optimising productivity and outsourcing tasks. 

The days of working tirelessly until retirement are outdated. Tim shows you how to create a lifestyle where work funds your passions and experiences in the present. 

This book focuses on joining the new rich by working smart, taking control of your time and prioritising experiences over material possessions.  

Whether you’re an entrepreneur, a full-time employee, or someone with a side hustle this book offers valuable insights on how to design a life you truly love. 

Before I read this book I used to work contract jobs and leave to travel. Now, thanks to this book I have figured out a way to have the best of both worlds.

Key Takeaway: You can design a lifestyle you love and join the new rich by outsourcing and optimising productivity. 

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8. The Intelligent Investor by Benjamin Graham

The Intelligent Investor is a great book that provides timeless advice on investing wisely and avoiding common pitfalls. This is the book that Warren Buffet learned from and he’s the most successful investor so that says a lot about the teachings in this book.

If you’re new to investing and want to get started in the right way this book is perfect for you. It will teach you the fundamentals of investing and help you protect yourself against risk.

Mindset is key when it comes to the stock market. Things change all the time so it’s super important to be disciplined and manage your emotions. 

This book was written back in 1949 but Graham’s principles of market psychology and margins of safety are as relevant today as they were back then. 

With 640 pages this book is a long read, but the knowledge is priceless so it is worth the time investment.

Key Takeaway: If you keep a cool head and invest rationally you can build wealth and protect yourself from risks. 

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9. Get Rich Lucky B*tch by Denise Duffield-Thomas

Get Rich Lucky B*tch is a well-written book combining personal development with financial success. It focuses on breaking through mental blocks and limiting beliefs about money to attract wealth and abundance. 

You’ll learn the importance of a positive money mindset along with strategies to overcome negative beliefs about money. 

If you struggle with guilt, shame or embarrassment about money I recommend reading this book. It will encourage you to take control of your financial destiny by changing your mindset.

Key Takeaway: Your limiting beliefs will hold you back from reaching wealth. 

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10. Atomic Habits by James Clear

Atomic Habits breaks down the science of forming habits and how small changes can lead to significant improvements over time. 

Your habits play a crucial role in your finances. The things you do will either help you build wealth or get in your way. This book will teach you how to build good habits and break bad habits that aren’t serving you. 

Not only will this book help you form healthy money habits, but it will help you improve other areas of your life. 

Whether you want to save $10k in a year or run a marathon once you learn how to form habits you can achieve anything you want in life. 

Key Takeaway: Small consistent changes that compound over time will lead to great results. 

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Frequently Asked Questions About Money Mindset Books 

Below are answers to some of the most commonly asked questions about money mindset books.

How Can I Change My Mindset To Money?

Changing your mindset towards money involves shifting your attitude and beliefs about money. Start by educating yourself and reading books on personal finance like the ones I have listed in this post. 

The information in these books will help you understand the fundamental principles of financial success and the psychological barriers that may be holding you back. Once you have the knowledge you can set clear financial goals and develop a plan to achieve them. 

Focus on developing good money habits such as budgeting, saving and investing. This will help you transform your money mindset and lead to financial success. 

What Is The Best Book To Read About Making Money?

Here are some of the best books to read about making money.

• Rich Dad Poor Dad
• Think and Grow Rich
• The Millionaire Next Door
• The 4-Hour Work Week
• The Intelligent Investor

Final Thoughts 

Developing a strong money mindset is essential for achieving success and independence. In this post, I have shared books to teach you practical strategies to transform your finances. 

From understanding the psychological aspects of money to learning the principles of investing, these money mindset books provide comprehensive guidance for anyone seeking to improve their financial situation. 

By reading and applying these lessons you can take control of your finances and live your rich life. 

I hope you have found this post helpful and now have many options for money mindset books. Which book will you try? Let me know in the comments below. 

This post was all about money mindset books.

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