Sparking the FIRE | 3 Books to Inspire Financial Freedom
Hey Candice,
Lately we've been talking about FIRE, and how awesome it is. I wanted to take a moment to share some books that really fueled the fire for me (not sorry).
{disclaimer: we use affiliate links. Thank you for supporting this blog☺}
1. Start With Why by Simon Sinek
Start With Why is an easy decision maker on where to start. Simon Sinek is so great, and I'd love to interview him one day. Sinek's why is to inspire others to do what inspires them. Amazing, right? So good. This is a great book to start with to set a foundation of thinking about what truly motivates you, and what really gets you out of bed in the morning. If you can figure that out, then working hard towards something like a career and financial independence becomes a lot easier. Everyone will be much more impactful if they can bring value to others that goes deeper than the 'what'. This book expands on the ideas in his famous TedTalk, which you can watch below if you haven't seen it. Buy the book | Start With Why
2. Cashflow Quadrant by Robert Kiyosaki
After Start With Why, I recommend Cashflow Quadrant. This book explores the various ways people can make money lumped into four categories, and the advantages of each. Spoiler alert, the quadrants are Employee, Self Employed (Small Business), Business Owner (500+ employees) and Investor. The quadrant where you are is based on how you make the most of your money. The book lays out the advantages and disadvantages of each, and gives a guide on how to move from one quadrant to another. Mainly for tax purposes, moving into the B and I quadrants will make it much easier to achieve financial independence. If you don't know what capital gains are yet, this book if for you. Buy the book | Cashflow Quadrant
3. Financial Freedom by Grant Sabatier
By the time I read the first two books, I really wanted to find a path where not only I could retire one day, but early. Low and behold there is a whole community out there that is also trying to achieve this, aka the FIRE movement (Financial Independence Retire Early). Financial Freedom is a great introduction to FIRE. First figuring out where you are now, and setting a roadmap on how to start investing as much money as you can. His main strategy is investing in the overall stock market with ETFs. Save more, start now, keep at it. The book also comes with great calculators to help figure out the numbers. Buy the book | Financial Freedom
I hope these books can inspire someone else to get started early. It's all about having options, and I don't want anyone to run out of time.
Cheers,
Brian
{shameless plugs:
1. Robinhood. I use Robbinhood to invest in ETFs and individual stocks. It's fee and noob friendly. Best part: if you use this link to sign up we both get a free stock. Woo free money☺
2. Audible. I love Audible because I'm actually not a big reader, but I love listening to books while a walk my dog. I feel double productive.}