10 Must-Read Books That Can Help You Retire As A Millionaire

After working hard for many decades of our lives, we all look forward to having a peaceful and enjoyable retirement, right? Finally being able to get rid of the hustle and do whatever we want in the ¡®golden years¡¯ is something we look forward to. But for a financially comfortable retirement life, we need money, right? For instance, retiring as a millionaire is something that would be on the bucket list of many people.

However amidst the hustle and bustle of achieving other life goals such as children¡¯s higher education and marriage, owning a home and vehicle, etc., retirement corpus often takes a backseat.

That is exactly why you must read these 10 financial books that can help you retire as a millionaire and do better financial planning.

10 Books That Can Help You Retire As A Millionaire

shutterstock

1. "Retirement Reinvention": Make Your Next Act Your Best Act

In the book Retirement Reinvention, author Robin Ryan shatters the myths of retirement. Full of practical advice, this thought-provoking guide offers readers a path for reinventing their own retirements, including step-by-step instructions for: Leaving an old career behind, pinpointing interests and skills, exploring different places to live, defining new, satisfying opportunities, finding meaningful ways to give back to your community, and striking the right balance between work and leisure.

From starting a dream business to shifting to the non-profit sector to volunteering, Ryan navigates you to help create a plan and pivot toward a future as vital as it is truly rewarding.

2. "Boomer Reinvention": How to Create Your Dream Career Over 50

Career coach John Tarnoff is convinced that the future is promising for those hitting a golden jubilee if they are willing to engage with the "new" economy in a new way. In this book, targeted at the 'baby boomer' generation of America but relevant to everyone in the current age, Tarnoff lays out a proven methodology of 5 key steps and 23 actionable strategies to give boomers the resources and confidence they need to pivot to a sustainable second act, encore career - one that can be not only financially successful but personally fulfilling as well.

Tarnoff shares the secrets to turning his own setbacks into successes, and interviews seven other boomers who reinvented their own careers. For those who want to keep working beyond traditional retirement, as per the report, Tarnoff's practical strategies offer flexible DIY solutions that help you understand what to expect after retirement and how to get ahead of the curve.

businesstoday

Also Read: How To Calculate Your Retirement Corpus Amount?

3. "Learn To Earn" by Peter Lynch and John Rothchild

A comprehensive beginner's guide to investing. Lynch, one of the investment world's luminaries, and Rothchild simplify the maze of the stock market. The approach underlines the importance of thorough research, understanding businesses at a granular level, and maintaining a long-term perspective in investments.

4. "Rich Dad Poor Dad" by Robert T. Kiyosaki

Kiyosaki's seminal work is a game-changer in personal finance literature. Through contrasting tales of his "two dads", he highlights the mindset that distinguishes the wealthy from the rest. Central to his philosophy is the emphasis on financial literacy, the power of assets, and the potential of entrepreneurial ventures.

5. "The Psychology of Money" by Morgan Housel

amazon

One of the most popular books in the financial world is this. In this book, author Housel focuses on the emotional and psychological aspects of money, shedding light on how our perceptions shape our financial decisions.

By understanding and mastering our emotional triggers, we can make better-informed decisions that lead to wealth creation for goals such as retirement as per aYourstory report.

6. How Much Money Do I Need to Retire? by Todd Tresidder

Tresidder's book contains refreshingly straightforward, easy-to-understand, and concise advice on how to retire wealthy. This missing link to personal finance books will make you sleep easier. No retirement is secure without it.

The book teaches us why the best way to describe most retirement estimates is garbage-in/garbage-out, the five critical assumptions that can destroy your financial security, how to reduce the amount you need to retire, three strategies to maximize spending today while protecting for the future, how to calculate the amount of money you really need to retire on the first try without software, online calculators, or being a math genius

7. "Total Money Makeover" by Dave Ramsey

A financial reboot manual. Ramsey meticulously outlines a plan designed to clear debt, build a safety net, and initiate investments. His methodology, rooted in personal responsibility and stringent discipline, offers a clear roadmap to financial rejuvenation.

8. "The Rules of Wealth" by Richard Templar

A holistic guide to amassing wealth. Templar delineates a set of rules, covering a spectrum from foundational money beliefs to intricate investment strategies. He accentuates the pillars of consistency, unwavering discipline, and the quest for knowledge in one's wealth-building journey.

9. "The Millionaire Fastlane" by MJ DeMarco

amazon

Challenging mainstream notions of wealth-building, DeMarco proposes a radical approach in this book. He underscores that the quickest path to affluence isn't a traditional job but through entrepreneurial ventures that can scale. The book is a clarion call to value time and harness business systems for wealth and autonomy.

10. Repurpose Your Career: A Practical Guide for the 2nd Half of Life

When you're in the second half of life, everything looks different, and your career is no exception. Career design expert Marc Miller helps you repurpose your old career, using the experience you've gained so far to make practical pivots into a new career. He teaches you to identify what you, uniquely, need for a happy work life in the long term. He gives specific advice on knowing yourself, building a tribe, networking strategically, using social media and interviewing successfully.

Also Read: How The F.I.R.E. Method Can Help You Plan An Early Retirement

For the latest and interesting financial news, keep reading Indiatimes Worth. Click here.