Our Favorite Money Books
May 23, 2023
by Shannon Simmons

We are focused on lifelong learning at Fit For Profit. We see the value in constantly honing our skills and finding ways to grow as individuals and professionals. In fact, we offer our team the opportunity to earn a bonus if they read (and share about!) a nonfiction book each quarter.

The money system we teach our clients is based on Profit First, which Mike Michalowicz wrote about in his book of the same title. But we recognize that there are plenty of other books around money that are valuable. So we thought we’d compile a list for you!

Below you’ll find our favorite money books to date. What would you add to the list?

Profit First by Mike Michalowicz
Of course we have to include this one. Mike shares why traditional accounting systems don’t actually work and what we should do instead. (Take our profit first.) He goes on to walk you through what this looks like in practice. It’s an entertaining and informative read, though we’re guessing if you’re reading this article you’ve probably already read this book.

Richest Man in Babylon by George S. Clason
This book was originally published in 1926 but the principles are still relevant today. The financial lessons are written in story form so it’s easy to digest. It’s good for business owners and a great gift to pass down to younger generations. It’s truly a classic.

The Gap and the Gain by Dan Sullivan
Most business owners are highly ambitious and that makes this a great read for you. It illustrates how to measure your success in a new way. Dan shows how to shift your mindset so that happiness no longer eludes you but rather puts you on a path to greater fulfillment. This book is good for you no matter where you are on your entrepreneurial path.

Broke Millennial Takes on Investing by Erin Lowry
You do not have to be a millennial to get a lot out of this book! If you’re new to investing or are just looking for a different way to build your portfolio, you’ll learn simple steps to invest. It’s written in layman’s terms so it’s perfect for even the investing newbie.

I Will Teach You to Be Rich by Ramit Sethi
This is the financial education that you didn’t get in school and it’s one we want to share with all the teens and young adults in our lives too. It’s not your typical financial advice book; it’s a practical read that will help you make better decisions about money, investing, debt, and more. It makes a great holiday or graduation gift too!

It’s Not About the Money by Scarlett Cochran
You learned about money in childhood and there’s a good chance that you still hold onto some difficult stories around it. This book can help you heal from your financial trauma and rules so you can master your finances and create the life you want. Even if you grew up in a house that seemed to have an abundance of money, this book can help you to think about it in a more positive light.

We hope these books can put you on a different financial path, one where you can heal from the past and build toward a better future for you and your family.