Recommended Reading: A Curated List From Our Advisors
As financial advisors, the team at Next Level Wealth Planning is not only committed to helping you manage your wealth, but also to providing you with the tools and knowledge you need to make informed decisions about your financial future. One of the most effective ways to gain insight into the world of personal finance and investing is through reading.
We’re sharing a selection of books that have had a profound impact on our team of advisors. Each of these books offers valuable lessons on everything from mindset and behavior to wealth-building strategies. Whether you’re new to financial planning or an experienced investor, these recommendations are sure to provide great insight and advice.
Great Reads for All Investors:
- The Psychology of Money by Morgan Housel
This book explores the emotional and psychological factors that shape our financial decisions. Success in finance isn’t just about knowing the numbers; it’s about understanding how our behaviors, biases and personal experiences influence how we manage money. The Psychology of Money is a great read for those looking to improve their mindset to make more informed decisions about their wealth. - The One-Page Financial Plan by Carl Richards
This book simplifies the process of creating a financial plan by focusing on key goals and values that matter most. Whether you are just starting out or reevaluating your current situation, this book will help you prioritize what’s important and align your finances with what matters most to you. - The Behavior Gap by Carl Richards
Another book by Richards, this focuses on the emotional barriers that often prevent people from making smart financial decisions. The Behavior Gap is perfect for anyone who has struggled with impulse spending, poor investment decisions or emotional financial decisions. - The Thin Green Line by Paul Sullivan
This book shows how you can make better financial decisions—and come to terms with what money means to you. - Simple Wealth, Inevitable Wealth by Nick Murray
The message of this book is that creating wealth isn’t about finding the next big investment opportunity, but rather focusing on time, patience and consistency. If you’re looking for a practical guide to building wealth over time, this is the book for you.
Great Reads for Retirees:
- Values Over Valuables by Harmon Kong
This book is a thought-provoking and deeply practical guide to rethinking the role of wealth in our lives - Die with Zero by Bill Perkins
Perkins challenges the conventional notion of saving every penny for retirement. Die with Zero advocates for balancing spending with saving and that the true goal of wealth should be to maximize life experience rather than accumulate wealth for the sake of accumulating it.
Great Reads for Young Investors:
- I Will Teach You to Be Rich by Ramit Sethi
Sethi provides actionable advice on everything from managing credit cards and savings to investing in stocks and real estate. His approach is designed to make managing money fun, accessible and easy to understand. - Rich Dad Poor Dad by Robert Kiyosaki
In this book, Kiyosaki contrasts the financial philosophies of two dads- his biological father (Poor Dad) and his best friend’s father (Rich Dad). He teaches the importance of financial literacy and is ideal for those who want to challenge their preconceived notions about money and learn to think like an investor. - Cash Flow Quadrant by Robert Kiyosaki
This expands on the concepts introduced in Rich Dad Poor Dad, focusing on the four types of people who makes up the “Cash Flow Quadrant”: Employees, Self Employed, Business Owners and Investors. Kiyosaki explains the different mindsets and behaviors that accompany each quadrant and shows how shifting from one quadrant to another can lead to greater financial freedom.
At Next Level Wealth Planning, we believe that financial education is a lifelong journey. The right mindset and knowledge are critical to making informed, successful financial decisions. Whether you’re working on building wealth, planning for retirement, or simply trying to understand your finances better, the books listed above are invaluable resources. Happy reading!