Five Money Books Every Business Owner Should Read

Your relationship with money does not improve by accident.

It improves when you start understanding how money actually works, both in business and in your personal life. Most financial stress does not come from a lack of income. It comes from a lack of clarity.

If you want to strengthen your money mindset, improve decision making, and build a smarter long term strategy, reading the right books can make a huge difference.

Here are five money books we regularly recommend to business owners and why each one is worth your time.

Profit First by Mike Michalowicz

This is one of the most practical cashflow books a business owner can read.

Profit First challenges the traditional idea that profit comes last. Instead, it flips the formula and forces you to prioritise profit from day one.

It is especially powerful if your business is busy, revenue looks healthy, but you still feel broke at the end of every month. The system is simple, actionable, and easy to apply without complex spreadsheets or financial jargon.

For many business owners, this book is the first step toward taking control of cashflow rather than constantly reacting to it.

The Psychology of Money by Morgan Housel

This book is not technical and that is exactly why it works.

The Psychology of Money focuses on how emotions, habits, and past experiences shape the financial decisions we make. It explains why people often behave irrationally with money and how to avoid repeating the same mistakes.

For business owners, this is invaluable. Understanding your own behaviour around risk, spending, saving, and growth helps you make calmer, more rational decisions over the long term.

Rich Dad Poor Dad by Robert Kiyosaki

This book is often a turning point for how people think about money.

It introduces the concepts of assets and liabilities in a way that is easy to understand and encourages readers to think beyond income alone. For business owners, it can spark important conversations about using businesses to build long term wealth rather than just short term income.

It is best read with common sense applied, but the mindset shift it encourages can be incredibly useful.

Atomic Habits by James Clear

This might not look like a money book at first, but it is one of the best books for building financial habits that actually stick.

Good money management is rarely about big one off decisions. It is about small, consistent actions repeated over time. Atomic Habits explains how habits are formed and how to design systems that support better behaviour.

For business owners, this applies directly to things like regular bookkeeping, saving for tax, reviewing numbers monthly, and staying consistent with financial planning.

The Millionaire Next Door by Thomas J. Stanley

This book is a reality check.

It shows that real wealth often looks very different from what people expect. High income does not always equal financial security, and many truly wealthy individuals live well within their means.

For business owners, this book helps shift focus away from appearances and toward sustainable wealth building. It reinforces the importance of discipline, long term thinking, and sound financial habits.

Why Reading About Money Matters

Money confidence comes from clarity. Clarity comes from learning.

The more you understand how money works, the better decisions you make. That applies to pricing, spending, saving, investing, and planning for the future.

Books like these do more than provide information. They change how you think, and that mindset shift pays off far longer than any quick win.

If you want to build a healthier relationship with money, start with learning. It is one of the best investments you can make.

Meet Lewis

Lewis is a professional accountant and founder of Rhombus Accounting. He regularly shares his knowledge and best advice here on his blog and on other channels such as LinkedIn.

Book a call today to learn more about what Lewis and Rhombus Accounting can do for you.