I fell down the personal finance rabbit hole after we bought our house and I looked at how long 30 years was! I panicked and found myself googling “how to get out of debt faster,” which brought me to the world of Dave Ramsey.
If you are new to trying to take control of your finances or looking for some new motivation, here are my 5 favorites!
1. The Total Money Makeover by Dave Ramsey (www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/1595555277/ref=sr_1_1?ie=UTF8&qid=1533906756&sr=8-1&keywords=total+money+makeover)
This book started us on our journey and I loved it. We are not super religious, so we glossed over those references, but it really does have common sense suggestions. If you feel overwhelmed, read this and follow it. It is a great game plan to get started and feel the power of making progress. Commit to follow it for six months and see how much your life can change!
2. Retire Inspired by Chris Hogan (www.amazon.com/Retire-Inspired-Its-Financial-Number/dp/1937077810/ref=sr_1_1?s=books&ie=UTF8&qid=1533907192&sr=1-1&keywords=retire+inspired+chris+hogan)
Mr. Hogan is under the Dave Ramsey umbrella, so a good part of this book echoes the words of Dave Ramsey, but takes it to the why and what of retirement. I loved the sentiment that retirement is not related to age, but instead your financial position and this steered me towards looking not only at our current budget, but what our budget will look like in 10, 15, 20 years.
3. The Simple Path to Weath by JL Collins (www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926/ref=sr_1_1?s=books&ie=UTF8&qid=1533907254&sr=1-1&keywords=the+simple+path+to+wealth+by+j.l.+Collins)
After falling down the Dave Ramsey rabbit hole for a few years, I started to branch out and become interested in other ideas. This book was the KEY to creating a plan for our investing finances beyond “put 15% in your 401k.” I wanted more, I wanted to optimize and I wanted the security of financial independence and this book laid it out for me.
4. Mr. Money Moustache’s blog (www.mrmoneymustache.com/)
Not a book, but a blog with more information than I knew what to do with. I think if I hadn’t started with Dave Ramsey, I would have been overwhelmed and turned off by the extreme ideas there, but following the Dave Ramsey plan was a little extreme and I saw the success from that so taking it a step further seemed reasonable at this point. This blog truly helped me understand the 4% rule and get a handle on what our real “FI” number is.
5. The Frugalwoods blog (www.frugalwoods.com/)
Again, not a book, but a blog, but she also has a book which I also loved (Meet the Frugalwoods). Her story is inspiring and being the same age as me and the fact that she moved about 30 minutes from where I grew up, really is relatable for me. The message of frugality putting them in the position to choose what brings them joy in life and chase that, rather than materialistic goods is fantastic. It has helped me reframe my thoughts on when and how I spend money and what items I need in my house/life.