Our Top 5 Financial Freedom Books you Must Read in your 20s

By 
Eve Halimi

If you are passionate about achieving financial freedom, you already know that reading financial freedom books is an integral part of financial success. This is because financial freedom books give you a peek into the thought process of those who have achieved financial freedom—effectively guiding you on how to walk you own path.

By reading financial freedom books, you can be able to get a blueprint of how to generate wealth. This blueprint will include everything from the habits you must develop, the type of people you should interact with, and the financial strategies you should use to get to a point where you can be considered financially free.

So which are some of the books you should read to get to where you want to be financially?

Below are our top 5 financial freedom books you must read in your 20s to attain financial freedom:

a)    Think and Grow Rich by Napoleon Hill

When it comes to attaining financial freedom, few books have been as impactful as Think and Grow Rich. Written in 1937, Think and Grow Rich is the culmination of an intensive study of the most successful individuals in the world including John D. Rockefeller and Andrew Carnegie.

Having interviewed over 500 financially prosperous people, Napoleon Hill presents a detailed account of their mindset and habits—effectively distilling all this information into 13 principles which are hinged on the benefits of harnessing the brain to achieve financial freedom.

So if you are interesting in achieving financial freedom, Think and Grow Rich is definitely among the top 5 financial freedom books you must read in your 20s.

b)    The Richest Man in Babylon by George Samuel Clason

The Richest Man in Babylon is without a doubt among the top 5 financial freedom books you must read in your 20s. Written in 1926, the book uniquely presents a set of effective financial principles one can apply to achieve financial freedom using a collection of ancient Babylonian parables from over 3,000 years ago.

Using the story of Arkad— an unsuccessful scribe who later becomes rich— The Richest inBabylon summarizes financial freedom as a goal that can be achieved by applying “Seven cures” which include saving, planned expenditure, wise investment, long-term financial planning, and financial literacy. As Alinea, we definitely recommend this insightful financial freedom book.

c)     The Simple Path to Wealth

The Simple Path to Wealth definitely has to be in Alinea’s top 5 financial freedom books you must read in your 20s. This is not only because the book offers a comprehensive guide to achieving financial freedom but because it also explains what the stock market is and how it can help you achieve financial freedom so you can retire when you want.

In the book, JL Collins explains the importance of having “F-you money.” He argues that “F-you money” is simply having enough money to free you of the endless struggles and demands that come with financial troubles. Therefore, if you are looking to achieve financial freedom, The Simple Path to Wealth ranks among the top 5 financial freedom books you must read in your 20s.

d)    The Psychology of Money

One recurring theme in all financial books is how powerful the mind is and the important role it plays in accumulating wealth. That is why Morgan Housel aptly named his 2020 financial freedom guide book Psychology of Money.

Describing the book as one that contains “Timeless lessons on wealth, greed, and happiness,” Morgan explores how our human desires and behaviors conflict with our financial freedom goals and how to best behave in order to achieve financial freedom.

Therefore, as an investment platform that aims to help you achieve your financial freedom goals, we recommend The Psychology of Money as one of our top 5 financial freedom books you must read in your 20s.

e)    The 4-Hour Workweek

As its title suggests, The 4-Hour Workweek is a financial freedom book that offers a very disruptive approach to how you can attain financial freedom in today’s modern world. In this book, Tim Ferris places a premium on lifestyle design as a key factor in financial freedom.

Ferris proposes the Pareto Principle as a strategy to optimize productivity and free up time to live a life that you enjoy by automating your investments. It is this unique approach—that places The4-Hour Workweek among our top5 financial freedom books you must read in your 20s.

Take Charge of Your Financial Freedom Journey!

While the books listed above are among our top 5 financial freedom books you must read in your 20s, there are several others that can also offer you quality and actionable insights into how you can achieve financial freedom. One worthy addition to this list, for instance, is Robert Kiyosaki’s Rich Dad, Poor Dad.

Using a simple but captivating story of two children and how their fathers impact their understanding of financial freedom, Kiyosaki communicates the basic tenets of financial success in a very comprehensive way. Therefore, whichever book(s) you choose to read from this list, ensure you deduce the most useful principles written in it to help you achieve financial freedom.

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