It can be lonely living in a frugal world; maybe you’re surrounded by big spenders, or mocked for being a penny pincher. Or maybe you struggle to see the long-term goals in the midst of short-term needs. Peruse this list of books for your next read, and build a stronger, proactive, and positive money mindset.
(See also: 10 Beloved Books of Successful Millionaires)1. A Conflict of Visions by Thomas Sowell
Read A Conflict of Visions for a big picture, to understand why people think about and react to money issues the way they do. A dense read, this isn’t one you’ll grab for the beach. Instead, grab your highlighter and tackle a chapter at a time. You’ll learn a lot about money and why people have so many conflicts with it, which might, in the end, help you feel less conflicted.
2. The Power of Less by Leo Babauta
Successful blogger, author, and father of six, Leo Babauta knows a few things about handling money and a life of many responsibilities. His book, The Power of Less, will help you appreciate what less can bring you, in both business and in life. It’s liberating to realize that pursuing more, whether personally or financially, won’t necessarily lead to more life satisfaction or more success.
Babauta advises readers to take a quality over quantity approach, focusing on what’s most important and treating the rest as a distraction. It’s a lesson you can use in many areas of life (decluttering session, anyone?) but when applied to your money management, this approach can make it easier for you to focus on your best money moves and quit worrying about what everybody else is doing.
3. The Worldly Philosophers by Robert L. Heilbroner
In this classic, Heilbroner examines the history of economic thought by walking the reader through the “lives, times, and ideas of great economic thinkers.” You’ll learn not only about the economic philosophies developed by, say, John Stuart Mill or John Maynard Keynes, but also about the political upheavals and cultural issues that influenced and motivated them. If you’re looking for a big-picture look at money and the economic systems that have been built around it, make The Worldly Philosophers your next read.
4. Thinking, Fast and Slow by Daniel Kahneman
In Thinking, Fast and Slow, Kahneman explores the inner workings of the mind. Specifically, he introduces the reader to fast thinking, which is quick and instinctive, and slow thinking, which is deliberate and more logical. These two thinking systems, Kahneman explains, can and do serve us well; however, if…
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