Toolkit

Here’s a list of tools I highly recommend that you need to have yourselves equiped with towards financial success.

 

Personal Finance Forums

It gives you a peace of mind when you know there are people backing you up on your journey to financial success. Here are 2 of the best communities online:

• Saving Advice Forums
• Our Debt Free Family Facebook Community

Downloadable Software

Software packages that are less known yet very helpful. These are free!

• Flexible Retirement Planner
• Gnucash
• Portfolio Visualizer
• Homebank, Free Easy Personal Finance Software for Everyone

Credit Score Check

Credit score check on the go that are absolutely free.

• Annual Credit Report
• Credit Karma

Investment and Budgeting Tools

Keeping a bird’s eye view over your finances has never been this easy. You may want to try out one of these platforms:

• USAA Bank
• Net worth and budget spreadsheets from Thousandaire
• Mint.com
• Vertex 42s debt reduction calculator
• Investment tools by Personal Capital

Web Based Calculators

Life is easier when you have a plan.

• The Crowdsourced FIRE Simulator (cFIREsim)
• FIRECalc
• Saving Advice Calculators

 

The Personal Finance Cannon

Rich Habits – In this book, Tom Corley provides a concise financial success program based on his years of research of the daily success habits of his wealthiest clients. Through this research he was able to create ten principles. His emphasis is that you will get closer to your financial goals by applying these principles. A must read for those who are financially struggling and in need of help in achieving financial success. Click here to get a copy.

 

The Millionaire Next Door – We normally spend more than we earn making it nearly impossible to obtain wealth. But do we know how to build wealth in the first place? Here’s a picture of how “real” millionaires live: they are frugal, they think about how their finances would look like in the future, and they teach financial responsibility to their children. If it’s a shock to you then you should start reading this book by clicking here.

 

The Richest Man in Babylon – Saving a tenth of what you earn, buying insurance, focusing on self-improvement, and owning a home are just a few lessons you will encounter in this book that sold millions since it was first published. Although the narratives are set in ancient Babylon, one can only appreciate the simplicity of the lessons that make perfect sense. Grab a copy here.

 

The Total Money Makeover – One of Dave Ramsey’s masterpieces that teaches you the simplest and most straightforward way in eliminating your debt. One of the core ideas you will find in this book is the “debt snowball” method where you pay the lowest terms and interest rates first. Click here to give your finances the makeover it needs.

 

The Automatic Millionaire – Everybody wants to be rich. However in this era we tend to get very busy with our lives due to the advent of technology. David Bach will not only show you how to get rich but also teach you how to stay rich through automation. Click here for more info.

 

 

 

The 4-hour Work Week – Author Tim Ferriss bares how he was able to cut down 40 hours worth of work into a mere 4 hours by focusing on high impact activities and delegating as much as possible. Despite the controversial nature of the topics this book managed to stay as a New York Times best seller for 4 years. Find out why.

 

 

 

Think and Grow Rich – Hill takes us to a psychologically inclined masterpiece. This book’s data  is backed up with an interview of 500 most successul people. An excellent read for those who want to build wealth but are not able to have the right mindset toward their goals. Click here to know more.

 

 

 

Freakonomics – Although this book is not finance related, the concepts you will find would still help you think in economic terms that would greatly help any aspiring millionaires. The topics you will find are controversial but there is always more to what is being illustrated. Click here to get a copy.

 

 

 

Rich Dad Poor Dad – This book is a huge bestseller that deserves a place in your library. Robert Kiyosaki emphasizes that we don’t need to work our whole lives and invest in mutual funds to retire wealthy. Click here to know what book is all about.

 

The Intelligent Investor – For value investors, this book is considered to be the stock market bible. One of the main points this book has is that investors should focus on the real life performance of their stocks and not to trust on speculating for future value. Click here if you want to be rich through stocks.