Try Audible & Get Up to 2 Free Audiobooks
Try Audible & Get Up to 2 Free Audiobooks
What book should I read after Rich Dad Poor Dad? I think this question come to everyone’s mind who read the Rich Dad Poor Dad by Robert Kiyosaki.
It’s obvious because it’s a very popular book on personal finance. For so many people, it’s their first book on money and finance. It teaches how to think about money, how rich people and poor people think and make decisions about money differently.
I assume you’ve completed reading rich dad poor dad and looking to explore more books similar to rich dad poor dad on personal finance and money. So here’s my list of the 10 best books like rich dad poor dad.
These books will not only broaden your views and perspectives about money but also make you financially more disciplined and help you achieve financial goals. So let’s start looking into one by one.
The Cashflow Quadrant is another popular book on personal finance by Robert Kiyosaki. If you liked reading Rich Dad Poor Dad, this book could be a good read.
The Cashflow Quadrant is a way to categorize the people based on how people earn money. Author categorizes them as E- employee, S- Self-employed, B- Business owner, I- Investor.
Since we have limited time on this earth, the last two quadrants i.e being business owner or investor are the safest side to be at! In this book author Robert Kiyosakit will explain to you how to move from the E or S quadrant to B or I quadrant to achieve financial freedom.
The Psychology of Money by Morgan Housel is a bit different from other books in this list. This book will not teach you any tricks or tips on money, rather it will show you how to manage your behavior with your money. Why Behavior? because people make decisions about money based on their emotions and not logic. (that’s why you see selling in the bear market even with huge losses!)
Here’s my favorite quote from the book- “Doing well with money has a little to do with how smart you are and a lot to do with how you behave.”
The book is divided into small chapters. It doesn’t carry any jargon. As it’s written straight to the point and it’s easy to understand, I’ve added this book in my list of “best non fiction books for beginners.” Also, I liked this book so much that I created a psychology of money chapters summary. I would highly recommend reading it.
The Richest Man in Babylon is one of the best books like Rich Dad Poor Dad. It tells a story set in Babylon City, which was the wealthiest city during ancient times. It’s a parable (a story with lessons in it- like who moved my cheese & chop wood carry water).
A young man asks a rich person to mentor him. This wealthy man slowly teaches him the rules to wealth, which are timeless and anyone can apply them. He scolds the young man when he makes mistakes, but eventually the boy gets rich.
Through this book you will learn the basic principles to create wealth such as saving first, spending within limit, investing, etc. If you want to quickly explore this book, here’s the summary of Richest Man in Babylon.
Your Money or Your Life by Vicki Robin could be a good book for people who don’t know the basic principles of financial freedom or they are new to reading finance books.
This book will encourage you to assess your core values and understand what’s truly important to you. Author suggests to track everything you purchase & treat your money as a trade off for your life energy.
Although I don’t agree with the few investment advice given in this book, it’s still a good one time read.
The Millionaire Fastlane by M. J. DeMarco is a book that gave me a new perspective on creating a huge wealth at a fast pace. We’ve heard the advice of getting an expensive education, finding a corporate job, working hard for forty years and retiring. Author calls this path to wealth is defective.
In this book, the author shows you a better, faster way to become wealthy and escape lifelong burden.
The Automatic Millionaire by David Bech is a very simple & easy to read book. It teaches you how to use the automatic payments to make saving your habit, paying yourself first, not buying a credit card, etc.
But, it’s only for beginners because many of you already know how automating money or doing systematic investments can benefit your savings or retirement fund.
So The Automatic Millionaire book can be a good start for you if you haven’t started saving yet and need a bit of motivation to do it.
The Millionaire Next Door book is written by Thomas J. Stanley and William D. Danko in 1996 after doing a survey of millionaires in america. Author observed that to become wealthy, you don’t need to be highly intelligent or need some magic formula. You just need to live below your means.
Throughout the book, the author tells the importance of saving money, living frugally & spending money, time and energy on accumulating wealth over maintaining social status.
So this is one of the highly recommended books similar to Rich Dad Poor Dad.
I will teach you to be rich by Ramit Sethi is one more book like rich dad poor dad. The book Rich Dad Poor Dad teaches you about the mindset of an investor & this book will teach you steps to do the investments and saving.
In this book, Ramit Sethi talks about a 6 weeks program to regain control over your finances by paying the debt, saving money by automating your bank accounts & starting as soon as possible to invest and become wealthy.
If you are a person who spends a lot & struggles to manage his finances, I will Teach You to Be Rich is a must read book.
The book You Are a Badass at Making Money by Jen Sincero is more of a money mindset book than an investing & finance book. Jen Sincero talks about how you should think about money & breaks some old sayings like “Money is the root of all evil”.
She teaches you to accept your desire for money and start working towards it by changing your thoughts, mindset about money.
This book is easy to read. Especially, I liked her humorous language throughout the book. So, You are badass at making money is the best book like Rich Dad Poor Dad.
The 4 Hour Workweek is more self help and lifestyle book than a personal finance book. Then why am I including it in the list of books like Rich Dad Poor Dad? Because in this book, author Time Ferris has shown the strategies to make your work effective and build systems which will help you to achieve financial freedom.
These are my top 10 books on personal finance similar to rich dad poor dad. Hope this list will help you. Let me know in the comments if I missed any book like rich dad poor dad and which book you will be reading from this list.