Top Books To Read When You’re Getting Out of Debt

January 6, 2016

Top Books To Read When You're Getting Out of Debt

If you’re trying to get out of debt, you might feel like you’re alone in the journey. Money is still a taboo topic in this country and most people don’t want to talk about their failures.

That’s why it’s important to find some inspiration in literature. There are so many resources out there for people getting out of debt. Here are our top picks.

The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey

One of the top personal finance experts in the world brings a book full of people living his advice. This book features tons of real-life examples to help illustrate Ramsey’s points and provide inspiration. No matter how much you owe, you’ll read this book feeling more hopeful about your situation.

Rich Dad Poor Dad: What The Rich Teach Their Kids About Money – That The Poor And Middle Class Do Not! by Robert T. Kiyosaki

No matter if you’re rich or poor, this book will show you the reasons that rich families become and stay rich. Focusing on investing and growing wealthy, read this book to get ideas on what you can do with your money once you’re debt-free.

The Behavior Gap by Carl Richards 

Richards is a Certified Financial Planner who found himself broke and desperate after the Great Recession. Even though he was a personal finance expert, he still succumbed to buying more than he could afford. His book details that even though most of think being good at money is about numbers, it’s not. He addresses the behavioral issues that lead most of us to make bad financial decisions.

The Richest Man in Babylon by George S. Clason

By far the oldest book on the list, this 1926 classic is still used to teach people the basics of money. Using old-fashioned parables, Clason teaches people about finance the way your parents taught you about morality.

All the Money in the World by Laura Vanderkam

Vanderkam is a noted productivity expert. So why is she on this list? Her book details how people can use what money they have to make the most impact in their life. For example, it’s better to spend money on experiences instead of new clothes. Her ideas include hiring a babysitter more often to have more time for yourself or use a laundry service and use that time on a date night with your husband.

All Your Worth: The Ultimate Money Plan by Elizabeth Warren and Amelia Warren Tyagi

If you find budgets too confusing and personal finance to be a bore, this book is for you. Warren and Tyagi simplify budgeting so that anyone can create and follow their system. They make it easy. Using their 50/30/20 plan is simple enough for even the most rookie of personal finance people.

I Will Teach You To Be Rich by Ramit Sethi

This book proves that the rich aren’t necessarily the best or smartest people. They’ve just done the right things to succeed financially. Follow Sethi’s tips and you’ll find yourself in their shoes as well.

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

Even though many of us imagine that most millionaires drive BMWs and wear designer clothing, this book shows that in fact, those of us who are truly wealthy are the most frugal. Take a page from their book and learn how to apply their habits.



Hopefully these books will help to keep you motivated while you pay off your debt, or help you slate a course to start hacking away like a debt reducing ninja!  You got this, happy reading!




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