Regardless of your economic background and source of income, it’s reasonable to set FIRE (financial independence, retire early) as one of your long-term goals. After all, there are lots of tools and frameworks that you can utilize for more informed budgetary decisions and efficient money management. A previous post entitled ‘How to Achieve FIRE and Financial Independence’ highlights some of these, such as a formula based on your hourly pay rate and a FIRE calculator to determine your base number for monthly budgeting.
In addition to these tools, you can enhance your knowledge of financial planning and management strategies by listening to audiobooks, which serve as valuable and accessible learning resources due to digital libraries continuously innovating to meet consumer needs. For example, the audiobook publishing house Hachette Audio, which has earned over 200 Audie Award nominations and 47 wins, optimizes its productions with multiple recording voices, sound effects, music, and other aspects that engage listeners and enhance their learning experience.
Meanwhile, Everand’s audiobooks provide great value for your money through its affordable subscription plans that give you unlimited access to a wide range of titles. These include not only works that inspire and entertain but also the best-selling audiobooks on personal finance, such as Die With Zero by Bill Perkins. Additionally, you can maximize your financial learning journey by downloading audiobooks offline, setting your preferred playback speed, and using a sleep timer.
In light of these benefits of listening to audiobooks, below are titles worth adding to your library to manage your personal finances and get closer to achieving financial freedom.
The Simple Path to Wealth by JL Collins
In The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life, author JL Collins provides a simple approach to investing and making a profit. The six-hour audiobook, narrated by Peter Adeney and Collins himself, is filled with insights on managing and avoiding debt, understanding the stock market for investments, and allocating assets effectively for savings and retirement. It also includes case studies on wealth building and preservation to paint a vivid picture of what financial independence looks like.
The Algebra of Wealth by Scott Galloway
Meanwhile, Scott Galloway’s approach to financial freedom and security challenges you to think bigger and broader beyond the minutiae of credit card rewards and banking fees. Written and narrated by the best-selling author and NYU professor himself, The Algebra of Wealth: A Simple Formula for Financial Security introduces four key components of your financial future. These include learning stoicism to control your spending and capital, focusing on your talent when making career decisions, timing your investments based on market dynamics, and prioritizing diversification in your investment strategy.
The Psychology of Money by Morgan Housel
Lastly, Morgan Housel’s The Psychology of Money: Timeless lessons on wealth, greed, and happiness is a classic work that teaches you not just what you need to know about dealing with money but, more importantly, how you behave when it comes to investing, personal finance, and business decisions. In listening to the audiobook version narrated by Chris Hill, you will hear 19 short stories explaining how people think about and behave around money—ultimately guiding you through avoiding reckless spending and making wise money decisions without letting personal experiences and emotions get in the way.
On top of listening to these audiobooks and incorporating them into your daily routine, continue reading the rest of the posts here at One Frugal Girl for more insights and resources on achieving FIRE.