The beginning of making, keeping and growing money starts with your own financial literacy.
One of the most neglected subjects in the American education system is money. Of all the subjects we study in school, it is very rare, if not at all, that we are taught foundational principles of budgeting, saving, earning, investing, and growing financial prosperity.
Most men want to be a provider.
Most men want to make more money.
Most men want financial freedom.
But the reality is, most men have a troubled relationship with money.
Unfortunately, way too many men operate from a scarcity mindset, often leading to “avoidance behavior.” This often results in continually living paycheck to paycheck, with psychological tension, relational drifts, and in some cases, depression.
If you are a man looking to change your financial situation, you have to first invest in YOUR Financial Intelligence.
Personally, this is one of my favorite books. Originally published in 1968, it quickly became a best seller and is considered by many as a modern classic. You DO NOT need to work in sales to benefit from this book. It is a very short read and its principles apply to all aspects of life. It is a journey through the life of the fictional character Hafid, who wants to marry the woman of his dreams, but because he has no money her father will not permit the marriage. Hafid’s journey to win his bride reveals fundamental principles on how to become a man of wealth, influence and impact.
Originally published in 1926, the advice in this book is still as sound as it was nearly a century ago. This book is a great starting point for anyone looking to develop a strategic mindset regarding money. Based in ancient Babylon, the attention-grabbing parables and metaphors make this book an easy and enjoyable read. Not only will you unpack basic principles for how to acquire, keep and grow your money, you will also enjoy your journey through the various short stories the book takes you on.
I had the privilege of meeting Garrett Gunderson at a conference a few years ago. His approach to creating cash flow and financial efficiency radically changed my thinking. Killing Sacred Cows is a New York Times best seller for a reason. Garret helps you overcome some of the key financial myths that destroy financial prosperity. He works from two main principles that thread into every strategy he recommends for increasing wealth, operating from your SOUL PURPOSE and increasing your HUMAN LIFE VALUE. This book will radically change the way you think about how you plan for the future while also living out your purpose-filled life now.
Rich Dad Poor Dad by Robert Kiyosaki
I hate to admit it, but this book sat on my bookshelf for nearly ten years before I first read it. Robert Kiyosoki has become one of the top financial gurus of our time and is considered by many as the “millionaire school teacher.” This book is based on the mindsets and financial practices of two men in his life, one he calls his rich dad and the other he calls his poor dad. This book is educational, practical, and action oriented. It is a must read for anyone stuck in the belief that you need to earn a high income to become wealthy.
This book is the most recent of all the books recommended in this list. Released in March of 2018, Garret Gunderson and Nik Halik have written an invaluable resource manual for anyone serious about changing their financial situation. It is broken up into seven different sections, it comes with an extensive supply of online resources, and it is written with a clear plan to help people get unstuck from their financial squeeze.
Written during the Great Depression, Think and Grow Rich is a result of Napoleon Hill’s investigation and personal interaction with over 500 of America’s richest men. Hill is one of the grandfathers of the self-help movement and the patriarch of what is commonly practiced today by hundreds of entrepreneurs as “master mind groups.” This book will give you insights and principles of wealth creation, business practices, and personal success tips by some of the richest men who have ever lived.
Dave Ramsey is very well known in the church world for his Financial Peace University courses, where snowball debt reduction and managing your budget through a disciplined practice of envelope cash allocation is practiced. Dave’s books and programs have helped thousands of people get out of debt and improve their financial fitness. Total Money Makeover provides testimonies, specific tactics and templates for anyone serious about reducing debt and increasing their monthly cash flow.
Makes sure to check out our 3 Part Podcast Series on Men and their Finances.
Part 2 of 3: How to Identify and Overcome Financial Enemies.
Part 3 of 3: 6 Key Strategies to Acquiring Financial Abundance.