5 Money Books for Couples Looking to Become Financially Independent
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Want to retire early? Here are the 5 best money and marriage books on financial independence!
Some of the best investments you can make with your marriage and money are books.
5 Books for Financial Independence
Out of the different topics about finances, one of the more popular ones is this idea of financial independence.
Maybe it's retiring early maybe it's just having those options and they say OK we're ready to go ahead and knock this out. But we don't know where to start.
I have five books that I think are absolutely crucial to you two started. Four are already out and one will be released in a few weeks.
You can see my brief review here or check out my take right below!
Your Money or Your Life
The first book I have is Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence.
It is a fantastic book by Vicki Robin and Joe Dominguez. It's a classic and for good reason.
I've read this years ago and it was one of those first books that set me on the path of deciding to do something different with my money. I was saving some and investing a little but I had no real plan.
I thought Your Money or Your Life was fantastic because it takes you to where you are now and helps you establish what are your real priorities and what you truly value.
It then goes into how can you get started with your finances to move it in that direction.
How Much Do I Need to Retire?
The second one I have is How Much Money Do I Need to Retire? from Todd Tressider. I had him on the podcast and enjoyed our conversation very much.
Retirement is a popular topic for questions (‘how much do we need to retire' is in my top 10 for search queries and articles on this site!).
The real answer is that it depends. Not what most people want to hear, but Todd takes you through what you need to consider when planning out retirement and figuring out your number.
I thought this was incredibly useful. It's one of his 60-minute solution books. It goes deep but it's very quick.
Jumpstart Your Marriage and Your Money
I'm not putting here to just plug it but one of the reasons I wrote Jumpstart Your Marriage and Your Money was to give a guide for couples to have better conversations about using finances in a more meaningful way.
I've interviewed couples who have done some amazing things together and while each couple had their own particular journey there were certain themes that kept coming up.
There were keyhabits and systems that they use. So I created a four-week guide for you two to use to create a financial system that fits your dreams and your money styles.
It starts off with how to talk together and define what financial independence looks for the two of you. It then gets into how to create a system and a budget that follows through on the plan, and then how to automate that.
A lot of the couples I've interviewed they weren't looking at the pennies, they were looking for the big wins.
The truth of the matter is still you have to take care of the essentials the bills and everything. This shows you how to get the tedious parts out of the way how to create that system to work towards financial independence if that's your goal.
The Simple Path to Wealth
The next book is The Simple Path to Wealth from JL Collins. It's a guide to financial independence.
What I really like about this is even if you have no experience with investing, JL explanation will make you feel more comfortable preparing your portfolio.
He takes you through the essential concepts and then also gives you a plan that you can create or you can modify based on your situation so I thought that was fantastic.
Meet the Frugalwoods
I don't have a physical copy of this last one; though I read a digital review copy. It's coming out in a couple weeks and it's called Meet the Frugalwoods: Achieving Financial Independence Through Simple Living.
It's by Liz who you might know as Mrs. Frugalwoods. I love this because it takes you through the process of what they did to retire in their early 30s to a homestead and achieve their dreams.
It also talks about the sacrifices and the conversations they had as a couple that helped them hone in on what they truly needed and wanted out of life.
Your Picks for Best Money Books on Financial Independence
So there you have it five books that can help you guys get on the path to financial independence. So check them out.
I'd love to hear from you. What are some of your favorite books about financial independence?