Your financial IQ is not static. Sure, some people come into life a little more hardwired for number crunching than others. Then, there’s the rest of us—people who are curious about how to handle money better. I’ve been exploring the faith and finances arena for over a decade now, and a few books have been good, practical, and down-to-earth guides that helped me grow. Here they are, in no particular order:
Mind Your Own Mortgage by Robert Bernabe. This book shifted my thinking on why the total cost of a mortgage, not the monthly payment, is the single most important factor in your mortgage. It’s saved me dozens of thousands of dollars and shaved 15 years off my mortgage.
Rich Dad Poor Dad by Robert Kiyosaki. Perhaps one of the most accessible books on how your mindset shapes your financial future, this book will encourage you that your financial future can be different.
Total Money Makeover by Dave Ramsey. Dave is uber-practical, and easy to understand. His teachings helped my family beat debt in a short time. You'll discover that reaching your financial goals is not a far-fetched dream, but that it takes focused intensity, over time.
Retire Inspired by Chris Hogan. I’ll confess that Chris is a friend of mine and I’m biased, but he’s a man of character who offers practical, real-world advice and inspiration that helps you understand your Retirement IQ and provides guidance on how to retire inspired.
The Seven Money Types by…Me. You'll have to forgive the self-promotion, but I truly believe this book can help you better understand the ways you think and feel about money, which relieves financial tension, while helping you understand others better at the same time. Much relational tension is related to money. I couldn’t find a book that addressed this issue, and I kept seeing unresolved financial tensions that no other book addressed in this way, from a Christian worldview. So, I wrote the book.
Perhaps you’ll pick up a copy of one of these books and set a goal to read even one or two per year. Your financial vocabulary can really impact your financial future, and I hope these books help you and your family.