The five books below are in my opinion the best free financial literacy books online today. But they are also five of the best financial literacy books ever written.
You can read them all online for free, plus they all make my top 10 money books everyone should read. Between the five of them you will learn the money fallacies we learn growing up, you will learn how to mold your mind to attract success, and you will learn how to build wealth over time.
1. Rich Dad Poor Dad
Many investors cite Rich Dad Poor Dad as the book that changed their outlook on money and started them on their path to wealth.
The author’s rich dad explains how the poor stay poor by working for their money, and the rich stay rich by having their money work for them. You will also learn about the power of cash flowing assets.
2. Think And Grow Rich
Think And Grow Rich is the result of one man (Napoleon Hill) interviewing the most successful people of the 1920’s and 1930’s.
Hill’s research resulted in the one of the first formulas for success ever created. He walks you through the steps to transforming yourself and your mind in a way that will attract success.
Most of today’s most prominent success gurus model their systems after the one laid out in this book.
3. The Total Money Makeover
The Total Money Makeover debunks many of the average American’s financial myths and teaches a financial system based on getting out of debt and staying out of debt. It’s a great book for anyone trapped in debt or living paycheck to paycheck.
In my opinion, this is the most practical and clear book to slap you out of your money ignorance.
4. The Richest Man In Babylon
The Richest Man In Babylon teaches the principles of wealth creation through a number of parables. For anyone who learns better through stories, this is your book.
Arkad is a poor scribe who becomes the richest man in Babylon, and he shares his money advice in the form of the “Seven Cures” and the “Five Laws of Gold.”
5. The Millionaire Next Door
The Millionaire Next Door is the result of research done on real millionaires. It’s a great look into what a real life wealthy person actually looks like. The authors take a more statistical approach and shed light on the behaviors and traits of an average millionaire.
The book shows how creating wealth correlates more with your spending habits than how much money you earn. They also look at the investing habits, career choices and risk tolerances of these millionaires.
You can absolutely get all the financial education you need online for free. I believe the five books on my list are enough to give anyone the knowledge they need to be successful with their finances.