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From Rags to Riches: Best Books About Making Money in 2023

From Rags to Riches: Best Books About Making Money in 2023

Reading is one of the best ways to learn something new, and finances are no exception. Books about making money can help you educate yourself and get ahead financially.

From planning and investing to great inspirational journeys of self-made millionaires, there’s so much fantastic reading material out there. So much, in fact, that it can become a problem figuring out which books are worth investing your time in.

We’re here to help! After sharing our favorites, we compiled a list of top seven books about making money. These are a must-read for anyone looking to become more financially savvy. Let’s go!

1. Money: Master the Game (Tony Robbins)

Tony Robbins, a well-known writer and inspirational speaker, can help you secure your financial freedom. He’ll motivate you to get serious about your finances and earn more. The book offers fantastic interviews with legendary investors and actionable steps to help you:

  • Make your money work for you through savings/investing plans
  • Take control of your financial decisions without overthinking
  • Develop a lifetime income plan and secure your retirement

Money: Master the Game is easy to understand. More importantly, it offers an abundance of financial information. We’re sure Tony’s inspirational writing style will make you want to start earning more right away!

Our favorite quote:

You can be rich by having more than you need, or by needing less than you have.

2. Automatic Millionaire (David Bach)

Who wouldn’t want to become a millionaire automatically? Sounds pretty good, doesn’t it? The advice from Automatic Millionaire probably won’t make you a millionaire overnight. However, it’s one of those books about making money that will get you on the right track.

Automatic Millionaire turns some of the most common financial concepts upside down. It will teach you how to increase your wealth even if you don’t have a budget, strong will power, or financial literacy.

One of the book’s greatest advantages is simple writing. It explains financial concepts in a way that any average Joe can understand, so it’s a great starting point!

Our favorite quote:

If you’re in a hole, stop digging.

3. Rich Dad Poor Dad (Robert T. Kiyosaki)

This one tells a story of a boy growing up with two fathers (one rich, one poor). It’s controversial, but it works! Rich Dad Poor Dad is based on the author’s life to an extent, outlining ways the two father figures thought and approached money.

There’s tons of priceless advice on ways to make money here. The book also provides lots of motivation to start working on expanding your net worth. It will challenge your beliefs on money and explain assets and liabilities in simple ways.

If you’re a parent, Rich Dad Poor Dad will also show you what to teach your children about money.

Our favorite quote:

One of the reasons the rich get richer, the poor get poorer, and the middle class struggles in debt is because the subject of money is taught at home, not in school.

4. I Will Teach You to be Rich (Ramit Sethi)

The member of our team who recommended this book was so passionate that we’re all reading it now. And so far it’s been incredible! I Will Teach You to be Rich is ideal for people intimidated by financial management and planning. It’s easy to read and provides a six-week program that will help you get your finances into shape.

Every chapter covers basic concepts and offers steps you need to complete after each lesson. Once you read a chapter, you’ll need to complete a workbook. The book will teach you to:

  • Automate your finances
  • Eliminate debt
  • Save money each month
  • Learn simple investment strategies (and more!)

Our favorite quote:

It’s more important to get started than to spend an exhaustive amount of time researching.

5. Everyday Millionaires (Chris Hogan and Dave Ramsey)

We all love reading about millionaires, especially if they have a “zero to hero” backstory. That’s why this one is one of our favorite books about making money! There’s something very relatable about these stories. More importantly, they’re inspiring and a great motivator!

But what’s the book about? The authors interviewed over 10,000 US millionaires to learn more about their financial backstories. Their findings are nothing short of shocking – building wealth doesn’t have much to do with your income. Here are a few mind-blowing facts:

  • Almost 80% of interviewees didn’t receive any inheritance
  • One in three interviewees never earned six figures in a year
  • Over 50% of them earned a public state college diploma

Everyday Millionaires is a great read with incredible stories of people who worked hard to get where they are. It also offers excellent advice to help you get serious about your finances.

Our favorite quote:

Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pays it.

6. The Other 8 Hours (Robert Pagliarini)

A side hustle is a great way to earn some extra cash. However, most people don’t believe it’s possible to start one if you’re already working. Where do you find the time? That’s where The Other 8 Hours comes in!

The book will teach you all you need to know about making the most of your time and creating wealth. You have extra eight hours each day that you don’t spend on work or sleep. Why not use it to start a side hustle? It sounds like a stretch, but the book is definitely worth your time! You’ll learn how to:

  • Earn more through unconventional (but effective) strategies
  • Rearrange your schedule to find free time you didn’t know you have
  • Make the most of your time without burning out

Our favorite quote:

Look around you. Everything you see was originally just an idea in someone’s head… It took vision, determination, and action to turn those ideas into what you see today.

7. Prince Charming Isn’t Coming (Barbara Stanny)

Our female team members loved this one! Although the title sounds harsh, it makes perfect sense. If you’re always waiting for that next big thing that will change your life and put everything in its place – this one’s for you. Prince (or princess) charming isn’t coming!

The book outlines all the reasons most women avoid managing their money. It goes a step further, though, covering the tools a woman needs to take control of her financial situation. The best part is that the whole thing is presented in a very relatable way.

Stanny will help you understand why you avoid making financial decisions. You’ll also learn how to be more confident and take control of your financial future. The book is split into three parts:

  • Understanding women’s reluctance to learn about finances
  • The process of taking control of your financial future
  • Steps to start learning about money

Our favorite quote:

It is the inner work of transforming our beliefs and attitudes combined with the outer work of absorbing hard-nosed facts that ensures our success. That is why, for many of us, reading an investment book isn’t enough.

Final Thoughts

We hope our favorite books on making money will provide you with enough advice and useful information to get your finances under control. There’s one thing they all agree on, though – every journey starts with the first step.

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