e all may visualize our life with large amounts of wealth at one time or another. Wealth may be defined differently with people. For some, having multiple cars, luxuries vacations, and owning a professional sports team is considered wealthy. But for most, its the time flexibility that they desire. Having enough wealth that they don’t need a 9-5 job, but work freely and practically on what ever they want. It’s the time to spend with family and beable to do the things
they want to do. However, there is a large amount of wisdom that is needed to become wealthy. As the good book tells us; to whom much is given, much is required. The list of best books on becoming wealthy will lead you and guide you on this wisdom of becoming wealthy.
Best Books on Becoming Wealthy: THE LIST
1 – Rich Dad Poor Dad | By Robert Kiyosaki
Author Robert T. Kiyosaki has been giving financial advice through his books, seminars, and educational training for several decades. In Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!, considered a classic and perhaps a book that changes many people’s perceptions about money. In this book, Kiyosaki discusses how he had two fathers, his real dad who was an educated poor man, and his friend’s father who was a self-made rich dad. Both dad’s taught Roberty Kiyosaki lessons of life that impacted his experience and characters. His poor dad was a loser (in the financial sense) who owned money and never made anything regarding cash flow. And his rich dad who was self-made, financially literate, and who was a cash flow machine. Both dad’s had two different philosophies of how to make money. Unfortunately, the poor dad is far too common in most people’s thinking. Most people in society have poor dad’s and become poor dads. Rich Dad Poor Dad will challenge the way you think about finance, money, and wealth. Definitely not a book to be overlooked, in fact, this book must be on your reading list.
Quotes from Rich Dad Poor Dad;
“In school, we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.”
“Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”
“You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something.”
“If you’re the kind of person who has no guts, you just give up every time life pushes you. If you’re that kind of person, you’ll live all your life playing it safe, doing the right things, saving yourself for something that never happens. Then, you die a boring old man.”
“The love of money is the root of all evil. The lack of money is the root of all evil.”
2 – The Total Money Makeover | By Dave Ramsey
It is not only your body and your mind that has to maintain balance, strength, and soundness but also your lifestyle and your mindset towards money. In this book, Ramsey takes on the full mantle as a finance coach, and shares game-changing advice on how to create an effective budget plan you can stick with, and how to commit to saving for stability and fulfillment fully.
Here, the author debunks the get–rich–quick schemes and urges people to put in the work required to live a balanced life and make good financial decisions. Straightforward and functional, the approach utilized in this book does not offer a shortcut, unlike all the other self–help budgeting books. This one is based on anecdotal evidence and study results to back up what truly works, and it strongly steers you to prioritize your financial freedom – which means you need to be out of debt to be able to plan your life properly.
After all, we won’t be young and healthy before you know it, and preparing for your retirement and looking out for possible emergencies might sound like the best idea to any modern Christian.
Quotes from Total Money Makeover;
“We buy things we don’t need with money we don’t have to impress people we don’t like.”
“It is human nature to want it and want it now; it is also a sign of immaturity. Being willing to delay pleasure for a greater result is a sign of maturity.”
“Aristotle once said, “To avoid criticism say nothing, do nothing, and be nothing.”
“The enemy of “the best” is not “the worst.” The enemy of “the best” is “just fine.”
“Winning at money is 80 percent behavior and 20 percent head knowledge. What to do isn’t the problem; doing it is. Most of us know what to do, but we just don’t do it. If I can control the guy in the mirror, I can be skinny and rich.”
“You must walk to the beat of a different drummer. The same beat that the wealthy hear. If the beat sounds normal, evacuate the dance floor immediately! The goal is to not be normal, because as my radio listeners know, normal is broke.”
“Years ago, in a motivational seminar by the master, Zig Ziglar, I heard a story about how mediocrity will sneak up on you. The story goes that if you drop a frog into boiling water, he will sense the pain and immediately jump out. However, if you put a frog in room-temperature water, he will swim around happily, and as you gradually turn the water up to boiling, the frog will not sense the change. The frog is lured to his death by gradual change. We can lose our health, our fitness, and our wealth gradually, one day at a time. It might be a cliché, but that’s because it is true: The enemy of “the best” is not “the worst.” The enemy of “the best” is “just fine.”
“Change is painful. Few people have the courage to seek out change. Most people won’t change until the pain of where they are exceeds the pain of change.”
“For your own good, for the good of your family and your future, grow a backbone. When something is wrong, stand up and say it is wrong, and don’t back down.”
3 – The Millionaire Next Door | By Thomas J. Stanley
In the book ‘The Millionaire Next Door’ the authors also have done a study. And what they found that there were people who lived in expensive houses with big mortgages in high-end communities, but didn’t have much net worth. On a side note, we constantly hear stories of professional athletes who at one time had it all but ended-up blowing it.
However, the authors also found out that there are many quiet millionaires who lived in middle-class neighborhoods and lived well below their means. In other words, they didn’t live lavishly and acted like they were rich. They were rich because of the exact opposite. The book clearly marks several characteristics that must be ingrained in the minds of not only ourselves but our children.
Quotes from The Millionaire Next Door;
“We buy things we don’t need with money we don’t have to impress people we don’t like.”
“Whatever your income, always live below your means.”
“Good health, longevity, happiness, a loving family, self-reliance, find friends…if you have five, you’re a rich man…”“I am not impressed with what people own. But I’m impressed with what they achieve. I’m proud to be a physician. Always strive to be the best in your field…Don’t chase money. If you are the best in your field, the money will find you.”
“Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.”
“Many people who live in expensive homes and drive luxury cars do not actually have much wealth. Then, we discovered something even odder: Many people who have a great deal of wealth do not even live in upscale neighborhoods.”
“It’s easier to accumulate wealth if you don’t live in a high-status neighborhood.”
“One of the reasons that millionaires are economically successful is that they think differently.”
“If you’re not yet wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household’s total annual realized income.”
“If your goal is to become financially secure, you’ll likely attain it…. But if your motive is to make money to spend money on the good life,… you’re never gonna make it.”“Money should never change one’s values…. Making money is only a report card. It’s a way to tell how you’re doing.”
“Great offense and poor defense translate into under accumulation of wealth.”
“Have you ever noticed those people whom you see jogging day after day? They are the ones who seem not to need to jog. But that’s why they are fit. Those who are wealthy work at staying financially fit. But those who are not financially fit do little to change their status.”
“His view of millionaires is shared by most people who are not wealthy. They think millionaires own expensive clothes, watches, and other status artifacts. We have found this is not the case.”
“Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.”
4 – Think and Grow Rich | By Napoleon Hill
This book was published in 1937. It would, later on, become Hill’s best selling book and his best-known work. His second wife contributed a substantial amount to the content and editing. As of today, it has been recognized as one of the best self-help books of all time.
Although it was published in the midst of ‘The Great Depression’, he and his second wife gained fortune out of it. Hill then, relived his luxurious lifestyle but soon would be divorced once again. Years later, Hill remarried and went again to become a lecturer.
The contents of the book were said to be inspired by Andrew Carnegie. His early work, ‘The Law of Success’ paved the way for the success of this book. Its contents condensed the sixteen lessons from his previous book into fourteen principles. It emphasizes that faith, desire, and persistence can drive one person to new heights if he/she focused on long-term goals and rejected negative thoughts.
Quotes from Think and Grow Rich;
“The starting point of all achievement is DESIRE. Keep this constantly in mind. Weak desire brings weak results, just as a small fire makes a small amount of heat.”
“Opinions are the cheapest commodities on earth. Everyone has a flock of opinions ready to be wished upon anyone who will accept them. If you are influenced by “opinions” when you reach DECISIONS, you will not succeed in any undertaking.”
“There is a difference between WISHING for a thing and being READY to receive it. No one is ready for a thing, until he believes he can acquire it. The state of mind must be BELIEF, not mere hope or wish. Open-mindedness is essential for belief.”
“Before success comes in any man’s life, he is sure to meet with much temporary defeat, and, perhaps, some failure. When defeat overtakes a man, the easiest and most logical thing to do is to quit. That is exactly what the majority of men do. More than five hundred of the most successful men this country has ever known told the author their greatest success came just one step beyond the point at which defeat had overtaken them.”
“To win the big stakes in this changed world, you must catch the spirit of the great pioneers of the past, whose dreams have given to civilization all that it has of value, the spirit that serves as the life-blood of our own country – your opportunity and mine, to develop and market our talents.”
“We refuse to believe that which we don’t understand.”
“The way of success is the way of continuous pursuit of knowledge.”
“An educated man is not, necessarily, one who has an abundance of general or specialized knowledge. An educated man is one who has so developed the faculties of his mind that he may acquire anything he wants, or its equivalent, without violating the rights of others.”
5 – I Will Teach You to Be Rich | By Ramit Sethi
Buy as many lattes as you want. Choose the right accounts and investments so your money grows for you—automatically. Best of all, spend guilt-free on the things you love.
Personal finance expert Ramit Sethi has been called a “wealth wizard” by Forbes and the “new guru on the block” by Fortune. Now he’s updated and expanded his modern money classic for a new age, delivering a simple, powerful, no-BS 6-week program that just works.
I Will Teach You to Be Rich will show you:
• How to crush your debt and student loans faster than you thought possible
• How to set up no-fee, high-interest bank accounts that won’t gouge you for every penny
• How Ramit automates his finances so his money goes exactly where he wants it to—and how you can do it too
• How to talk your way out of late fees (with word-for-word scripts)
• How to save hundreds or even thousands per month (and still buy what you love)
• A set-it-and-forget-it investment strategy that’s dead simple and beats financial advisors at their own game
• How to handle buying a car or a house, paying for a wedding, having kids, and other big expenses—stress-free
• The exact words to use to negotiate a big raise at work
Plus, this 10th-anniversary edition features over 80 new pages, including:
• New tools
• New insights on money and psychology
• Amazing stories of how previous readers used the book to create their rich lives
Master your money—and then get on with your life.
Quotes from I Will Teach You to Be Rich;
“The 85 Percent Solution: Getting started is more important than becoming an expert.”
“Spend extravagantly on the things you love, and cut costs mercilessly on the things you don’t.”
“young is about developing the right habits.”
“The single most important factor to getting rich is getting started, not being the smartest person in the room.”
“People love to argue minor points, partially because they feel it absolves them from actually having to do anything.”
“My friend Jim once called to tell me that he’d gotten a raise at work. On the same day, he moved into a smaller apartment. Why? Because he doesn’t care very much about where he lives, but he loves spending money on camping and biking. That’s called conscious spending.”
“It’s more important to get started than to spend an exhaustive amount of time researching”
6 – The Richest Man in Babylon | By George S. Clason
This book is one of the highest suggested books by Jim Rohn. It shares the ways of ancient Babylonian on how to amass wealth as they were the first people to unravel the laws of prosperity.
George Clason was able to successfully deliver his message by compiling tales about the ancient Babylonian tradesmen, merchants, and herdsmen. In these tales, he imparts inspirational lessons relating to personal wealth, financial planning, and thrift in a thought-provoking manner.
He then proceeded to provide concrete advice for starting, nourishing, and preserving personal wealth. Overall, this book has the answer to how you should manage your money.
Quotes from The Richest Man in Babylon;
“Advice is one thing that is freely given away, but watch that you only take what is worth having.”
“Our acts can be no wiser than our thoughts.”
“Proper preparation is the key to our success. Our acts can be no wiser than our thoughts. Our thinking can be no wiser than our understanding.”
“In those things toward which we exerted our best endeavors we succeeded.”
“As for time, all men have it in abundance.”
“The sun that shines today is the sun that shone when thy father was born, and
will still be shining when thy last grandchild shall pass into the darkness.”
“The hungrier one becomes, the clearer one’s mind works— also the more sensitive one becomes to the odors of food.”
“Learning was of two kinds: the one being the things we learned and knew, and the other being the training that taught us how to find out what we did not know?”
“If you desire to help thy friend, do so in a way that will not bring thy friend’s burdens upon thyself.”
7 – You’re So Money | By Farnoosh Torabi
Your Good Life Starts Now
Splurge when it makes sense.
Buy the designer jeans you can’t live without in your size, at full price. But you better walk away from last season’s must-have sweater, even if it is 75 percent off!
Make more money with your money.
Invest in stocks to make the big bucks and start saving for retirement now.
You want to be debt-free in your swinging sixties.
Have it all . . . just not all at once.
Want a Mercedes more than anything in the world? You can make it happen. ..but probably not while sharing a summer beach house with your friends.
Finally a savvy, realistic finance book for those of us who love our Starbucks mocha lattes and Razr cell phones but don’t want our Jimmy Choo shoes or Bose headphones buried under a pile of burgeoning debt. Twenty-something financial reporter Farnoosh Torabi tells you that you can satisfy your sophisticated tastes and achieve financial bliss.
The key: prioritizing your expenses according to what you want the most—splurging when you can and saving on other things. From sensible grocery shopping (yes, you can have your organic yogurt and eat it, too!) to cyberbanking, empower yourself to live a guilt-free, Gucci- and gadget-clad good life without sacrificing financial security.
8 – Your Money or Your Life | By Vicki Robin
For more than twenty-five years, Your Money or Your Life has been considered the go-to book for taking back your life by changing your relationship with money. Hundreds of thousands of people have followed this nine-step program, learning to live more deliberately and meaningfully with Vicki Robin’s guidance. This fully revised and updated edition with a foreword by “the Frugal Guru” (New Yorker) Mr. Money Mustache is the ultimate makeover of this bestselling classic, ensuring that its time-tested wisdom applies to people of all ages and covers modern topics like investing in index funds, managing revenue streams like side hustles and freelancing, tracking your finances online, and having difficult conversations about money.
Whether you’re just beginning your financial life or heading towards retirement, this book will show you how to:
• Get out of debt and develop savings
• Save money through mindfulness and good habits, rather than strict budgeting
• Declutter your life and live well for less
• Invest your savings and begin creating wealth
• Save the planet while saving money
• …and so much more!
Quotes from Your Money or Your Life;
“If you live for having it all, what you have is never enough.”
“Money is something we choose to trade our life energy for.”
“We shift from comparing ourselves to others to considering our real needs and desires. We shift from “more” to “enough” and ultimately get more of what money can’t buy. Priceless.”
“It is easier to tell our therapist about our sex life than it is to tell our accountant about our finances.”
“Money is something you trade your life energy for. You sell your time for money. It doesn’t matter that Ned over there sells his time for a hundred dollars and you sell yours for twenty dollars an hour. Ned’s money is irrelevant to you. The only real asset you have is your time. The hours of your life.”
“Waste lies not in the number of possessions but in the failure to enjoy them.”
“Americans used to be ‘citizens.’ Now we are ‘consumers.”
9 – The Little Book of Common Sense Investing | John Boggle
The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.
While the stock market has tumbled and then soared since the first edition of Little Book of Common Sense was published in April 2007, Bogle’s investment principles have endured and served investors well. This tenth-anniversary edition includes updated data and new information but maintains the same long-term perspective as its predecessor.
Bogle has also added two new chapters designed to provide further guidance to investors: one on asset allocation, the other on retirement investing.
A portfolio focused on index funds is the only investment that effectively guarantees your fair share of stock market returns. This strategy is favored by Warren Buffett, who said this about Bogle: “If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle. For decades, Jack has urged investors to invest in ultra-low-cost index funds. Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me.”
Bogle shows you how to make index investing work for you and help you achieve your financial goals, and finds support from some of the world’s best financial minds: not only Warren Buffett, but Benjamin Graham, Paul Samuelson, Burton Malkiel, Yale’s David Swensen, Cliff Asness of AQR, and many others.
This new edition of The Little Book of Common Sense Investing offers you the same solid strategy as its predecessor for building your financial future.
- Build a broadly diversified, low-cost portfolio without the risks of individual stocks, manager selection, or sector rotation.
- Forget the fads and marketing hype, and focus on what works in the real world.
- Understand that stock returns are generated by three sources (dividend yield, earnings growth, and change in market valuation) in order to establish rational expectations for stock returns over the coming decade.
- Recognize that in the long run, business reality trumps market expectations.
- Learn how to harness the magic of compounding returns while avoiding the tyranny of compounding costs.
While index investing allows you to sit back and let the market do the work for you, too many investors trade frantically, turning a winner’s game into a loser’s game. The Little Book of Common Sense Investing is a solid guidebook to your financial future.
Quotes from The Little Book of Common Sense Investing;
“Most investors, both institutional and individual, will find that the best way to own common stocks is through an index fund that charges minimal fees.” (Warren Buffett)
“Successful investing is all about common sense.”
“The intelligent investor will minimize to the bare bones the costs of financial intermediation.”
“Fund investors are confident that they can easily select superior fund managers. They are wrong.”
“Mutual funds charge 2% per year and then brokers switch people between funds, costing another three or four percentage points…the general public is getting a terrible product from the professionals.” (Charles T. Munger)
“The higher the level of their investment activity, the greater the cost of financial intermediation and taxes, the less the net return that the business owners as a group receive.”
10 – How to Get Rich | By Felix Dennis
Felix Dennis is an expert at proving people wrong. Starting as a college dropout with no family money, he created a publishing empire, founded Maxim magazine, made himself one of the richest people in the UK, and had a blast in the process.
How to Get Rich is different from any other book on the subject because Dennis isn’t selling snake oil, investment tips, or motivational claptrap. He merely wants to help people embrace entrepreneurship and to share lessons he learned the hard way. He reveals, for example, why a regular paycheck is like crack cocaine; why great ideas are vastly overrated; and why “ownership isn’t the important thing, it’s the only thing.”
Quotes from How to Be Rich;
“When you come across real talent, it is sometimes worth allowing them to create the structure in which they choose to labor. In nine cases out of ten, by inviting them to take responsibility and control for a new venture, you will motivate them to do great things.”
“Most of the worst errors I made in my life came from forgetting to act small.”
“To become rich you must be an owner. And you must try to own it all. You must strive with every fiber of your being, while recognizing the idiocy of your behavior, to own and retain control of as near to 100 percent of any company as you can. If that is not possible, in a public company, for example, then you must be prepared to make yourself hated by those around you who are also trying to be rich. That is the dirty, rotten little secret of it all, my friend.”
“Sometimes, to ensure that a talented individual will work for you, or will stay working with you, you need to be flexible. Money is not always a great motivator here. Talented people want a good salary, of course, but surprisingly often they are more attracted to new opportunities and challenges.”
“Once you believe that you are infallible, that success will automatically lead to more success, and that you have “got it made,” reality will be sure to give you a rude wake-up call. Believing your own bullshit is always a perilous activity, but never more fatal than for the owner of a start-up venture.”
“Having a great idea is simply not enough. The eventual goal is vastly more important than any idea. It is how ideas are implemented that counts in the long run”
11 – Multiple Streams of Income | By Robert G. Allen
In Multiple Streams of Income, bestselling author Robert Allen presents ten revolutionary new methods for generating over $100,000 a year— on a part-time basis, working from your home, using little or none of your own money. For this book, Allen researched hundreds of income-producing opportunities and narrowed them down to ten surefire moneymakers anyone can profit from. This revised edition includes a new chapter on a cutting-edge investing technique.
Quotes from Multiple Streams of Income;
“Everything you want is just outside your comfort zone.”
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.”
“There is no security in this life – only varying degrees of risk. Yet millions unquestioningly sacrifice their lives on the altar of security.”
“I count him braver who overcomes his desires, than him who conquers his enemies, for the hardest victory is the victory over self. ARISTOTLE”
“It’s a tough business if you don’t know what you’re doing. But it can be extremely lucrative and very rewarding when you learn the ropes.”
“Don’t let the opinions of the average man sway you. Dream, and he thinks you’re crazy. Succeed, and he thinks you’re lucky. Acquire wealth, and he thinks you’re greedy. Pay no attention. He simply doesn’t understand.”
12 – Andrew Carnegie | By David Nasaw
Celebrated historian David Nasaw, whom The New York Times Book Review has called “a meticulous researcher and a cool analyst,” brings new life to the story of one of America’s most famous and successful businessmen and philanthropists—in what will prove to be the biography of the season.
Born of modest origins in Scotland in 1835, Andrew Carnegie is best known as the founder of Carnegie Steel. His rags to riches story have never been told as dramatically and vividly as in Nasaw’s new biography. Carnegie, the son of an impoverished linen weaver, moved to Pittsburgh at the age of thirteen. The embodiment of the American dream, he pulled himself up from a bobbin boy in a cotton factory to become the richest man in the world. He spent the rest of his life-giving away the fortune he had accumulated and crusading for international peace. For all that he accomplished and came to represent to the American public—a wildly successful businessman and capitalist, a self-educated writer, peace activist, philanthropist, man of letters, lover of culture, and unabashed enthusiast for American democracy and capitalism—Carnegie has remained, to this day, an enigma.
Nasaw explains how Carnegie made his early fortune and what prompted him to give it all away, how he was drawn into the campaign first against American involvement in the Spanish-American War and then for international peace, and how he used his friendships with presidents and prime ministers to try to pull the world back from the brink of disaster. With a trove of new material—unpublished chapters of Carnegie’s Autobiography; personal letters between Carnegie and his future wife, Louise, and other family members; his prenuptial agreement; diaries of family and close friends; his applications for citizenship; his extensive correspondence with Henry Clay Frick; and dozens of private letters to and from presidents Grant, Cleveland, McKinley, Roosevelt, and British prime ministers Gladstone and Balfour, as well as friends Herbert Spencer, Matthew Arnold, and Mark Twain—Nasaw brilliantly plumbs the core of this fascinating and complex man, deftly placing his life in a cultural and political context as only a master storyteller can.
Quotes from Andrew Carnegie;
“The biographer is often asked at the conclusion of his project whether he has grown to like or dislike his subject. The answer of course is both. But the question is misplaced. This biographer’s greatest fear was not that he might come to admire or disapprove of his subject, but that he might end up enervated by years of research into another man’s life and times. That was, fortunately, never the case. The highest praise I can offer Andrew Carnegie is to profess that, after these many years of research and writing, I find him one of the most fascinating men I have encountered, a man who was many things in his long life, but never boring.”
“Carnegie survived and triumphed in an environment rife with cronyism and corruption. Much of the capital invested in his iron and steel companies was derived from business activities that might be today, but were not at the time, regarded as immoral”
13 – The Automatic Millionaire | By David Bach
What’s the secret to becoming a millionaire?
For years people have asked David Bach, the national bestselling author of Smart Women Finish Rich, Smart Couples Finish Rich, and Start Late, Finish Rich what’s the real secret to getting rich? What’s the one thing I need to do?
Now, in the newly revised The Automatic Millionaire, expanded and updated, David Bach is sharing that secret.
The Automatic Millionaire starts with the powerful story of an average American couple–he’s a low-level manager, she’s a beautician–whose joint income never exceeds $55,000 a year, yet who somehow manage to own two homes debt-free, put two kids through college, and retire at 55 with more than $1 million in savings. Through their story, you’ll learn the surprising fact that you cannot get rich with a budget! You have to have a plan to pay yourself first that is totally automatic, a plan that will automatically secure your future and pay for your present.
What makes The Automatic Millionaire unique:
· You don’t need a budget
· You don’t need willpower
· You don’t need to make a lot of money
· You don’t need to be that interested in money
· You can set up the plan in an hour
David gives you a totally realistic system, based on timeless principles, with everything you need to know, including phone numbers, websites and apps, so you can put the secret to becoming an Automatic Millionaire in place from the comfort of your own home.
This powerful little book has the potential to secure your financial future. Do it once–the rest is automatic!
The Automatic Millionaire is one of the most popular financial books of our time. It was a runaway hit when it was first published in 2004, spending thirty-one weeks on the New York Times bestseller list and appearing at at number one simultaneously on the New York Times, USA Today, BusinessWeek, and Wall Street Journal business bestseller lists. It has sold over 1.5 million copies and been translated around the world in over a dozen languages. This is the first update since 2005 and includes updated information on taxes, investments, technologies, and apps to automate your financial life as well as David’s latest systems for making the entire process even easier.
Quotes from The Automatic Millionaire;
“Life is not easy. But that’s not the only truth that matters in this context. It also happens to be true that it takes just as much effort to have a “bad life,” in which you don’t get what you want, as it does to have a “good life,” where you do. So given the choice, why not go for the good life?”
“A latte spurned is a fortune earned.”
“Remember, inspiration unused is merely entertainment. To get new results, you need to take new actions.”
14 – The Rules of Money | By Richard Templar
Money: Some people just seem to know how to get it – and keep it! What’s their secret? What do they know that the rest of us don’t? They know the “rules of money”: The “golden behaviors” that create wealth and make it grow. Anyone can learn the rules of money. You could learn them by spending years watching rich people up close…or you can learn them all right now, with Richard Templar’s The Rules of Money: Expanded Edition.
Templar – author of The Rules of Life and many other best-sellers – has brought together 107 easy wealth-generation techniques you can start using instantly! Now updated and expanded with 9 brand new rules, Templar’s rules address everything you need to know about money: How to think wealthy, get wealthy, get even wealthier, stay wealthy, and share your wealth. You’ll find great up-to-the-minute advice on saving, spending, and investing, and enjoying your money, too. You’ll discover why your money beliefs might be holding you back; how to see wealth as a friend, not the enemy; how to make money without compromising your ethics; avoid envy; make a plan; get your current finances under control; master deal-making and negotiation; discover opportunities nobody else sees, and much more. Templar’s bite-size advice isn’t just fun to listen– it’s easy to use, too!
15 – Millionaire Teacher | By Andrew Hallam
Adopt the investment strategy that turned a school teacher into a millionaire
Millionaire Teacher shows you how to achieve financial independence through smart investing ― without being a financial wizard. Author Andrew Hallam was a high school English teacher. He became a debt-free millionaire by following a few simple rules. In this book, he teaches you the financial fundamentals you need to follow in his tracks. You can spend just an hour per year on your investments, never think about the stock market’s direction ― and still beat most professional investors. It’s not about get-rich-quick schemes or trendy investment products peddled by an ever-widening, self-serving industry; it’s about your money and your future. This new second edition features updated discussion on passive investing, studies on dollar cost averaging versus lump sum investing, and a detailed segment on RoboAdvisors for Americans, Canadians, Australians, Singaporeans and British investors.
Financial literacy is rarely taught in schools. Were you shortchanged by your education system? This book is your solution, teaching you the ABCs of finance to help you build wealth.
- Gain the financial literacy to make smart investment decisions
- Learn why you should invest in index funds
- Find out how to find the right kind of financial advisor
- Avoid scams and flash-in-the-pan trends
Millionaire Teacher shows how to build a strong financial future today.
Quotes from Millionaire Teacher;
“Many have jeopardized their own pursuit of wealth or financial independence for the allusion of looking wealthy instead of being wealthy.”
“Gold is for hoarders expecting to trade glittering bars for stale bread after a financial Armageddon.”
“remember to rebalance. If the international stock market goes on a tear, don’t chase it with fresh money. If your domestic stock index and the international stock index both shoot skyward, add fresh money to your bond index.”
“35% Vanguard U.S. Bond Index (Symbol VBMFX) 35% Vanguard Total U.S. Stock Market Index (Symbol VTSMX) 30% Vanguard Total International Stock Market Index (Symbol VGTSX)”
“I’ve found that being responsibly conservative is better than stretching over a ravine to pluck a pretty flower.”
“Interviewed in 1999 by Jason Zweig, Aronson said, “Small-caps don’t outperform over time . . . Sure, the long-run numbers show small stocks returning roughly 1.2 percentage points more than large stocks . . . [But] the extra trading costs easily eat up the entire extra return—and then some!”
“As Upton Sinclair said long ago, “It is difficult to get a man to understand something when his salary depends on his not understanding it.”
16 – The Gospel of Wealth (1889)| By Andrew Carnegie
This book had become a great influence on every reader’s perception of the poor, to the rich people, and how important philanthropy is. He discussed that every rich should at least dedicate themselves to any charitable deeds. He kept emphasizing that the affluent have this unique responsibility to help the poor, those who are in need while they are still alive.
Carnegie wrote in this book that the perfect way to impact the world as an affluent is by dedicating an amount of money to places and services that belong to the people. To be more specific, by developing recreation areas, public libraries, and so on. He emphasized that every poor person had to have the right to wealth information. Therefore, they will have full control of their future by educating themselves and fortitude so they will be given a chance to become successful individuals.
He legendarily ended the book with the saying, ‘The man who dies thus rich dies disgraced” which is, at present, very helpful.
Quotes from The Gospel of Wealth;
“Humanity is an organism, inherently rejecting all that is deleterious, that is, wrong, and absorbing after trial what is beneficial, that is, right. If so disposed, the Architect of the Universe, we must assume, might have made the world and man perfect, free from evil and from pain, as angels in heaven are thought to be; but although this was not done, man has been given the power of advancement rather than of retrogression. The Old and New Testaments remain, like other sacred writings of other lands, of value as records of the past and for such good lessons as they inculcate. Like the ancient writers of the Bible our thoughts should rest upon this life and our duties here. “To perform the duties of this world well, troubling not about another, is the prime wisdom,” says Confucius, great sage and teacher. The next world and its duties we shall consider when we are placed in it.”
“I have never known a concern to make a decided success that did not do good, honest work, and even in these days of the fiercest competition, when everything would seem to be a matter of price, there lies still at the root of great business success the very much more important factor of quality.”
“Among the conditions of life or the laws of Nature, some of which seem to us faulty, some apparently unjust and merciless, there are many that amaze us by their beauty and sweetness. Love of home, regardless of its character or location, certainly is one of these.”
“It is now thirteen years since I ceased to accumulate wealth and began to distribute it. I could never have succeeded in either had I stopped with having enough to retire upon, but nothing to retire to.”
17 – Seven Years to Seven Figures | By Michael Masterson
In Seven Years to Seven Figures, self-made millionaire and renowned wealth coach Michael Masterson reveals the steps you can take to accumulate seven-figure wealth within seven years—or less. Seven Years to Seven Figures will give you the tools to increase your income, get the highest possible returns on investments, save wisely—and secure your financial future faster than you may have ever dreamed.
18 – The Intelligent Investor | By Benjamin Graham
A book that must be on every investor’s bookshelf, The Intelligent Investor: The Classic Text on Value Investing is the principles that are laid out by author Benjamin Graham. These precepts and guides are so great that the best investors like Warren Buffett and John Bogle use them for their success. Graham’s book was first published in 1949, which shows signs of age in its discussions, such as interest rates, savings bonds, and other time-sensitive topics. Nevertheless, the fundamentals and counsel of Graham’s concepts and principles are timeless to all investors.
Some of the key concepts you’ll learn in this book are; that investors fall into two categories, the defensive and the enterprising; you’ll learn that speculation is not investing; to become successful, an enterprise investor must treat their investment like any other business they are in; there is no evidence that supports that market timing and market forecasting even work; diversification and the concept of margin of safety can protect portfolio investing.
Quotes from The Intelligent Investor;
“It is amazing to see how many capable businessmen try to operate in Wall Street with complete disregard of all the sound principles through which they have gained success in their own undertakings.”
“Some of these issues may prove excellent buys – a few years later when nobody wants them and they can be had at a small fraction of their true worth.”
“Nothing in finance is more fatuous and harmful…than the firmly established attitude of common stock investors and their Wall Street advisers regarding questions of corporate management.”
“Good managements produce a good average market price, and bad managements produce bad market prices.”
“The intelligent investor (needs) an ability to resist the blandishments of salesmen offering new common-stock issues during bull markets.”
“Investment is most intelligent when it is most businesslike.”
“The genuine investor in common stocks does not need a great equipment of brains and knowledge, but he does need some unusual qualities of character.”
19 – How Rich People Think | By Steve Siebold
This book will teach you how rich people think. It compares the thoughts, habits and philosophies of the middle class to the world class when it comes to wealth. The differences are as extreme as they are numerous. The strategy is simple: learn how rich people think, copy them, take action and get rich. This book hits hard and never lets up. It’s based on a quarter century of interviews with millionaires. It’s written in unfiltered, politically incorrect language that makes the point crystal clear and easy to follow. The hundreds of millionaires interviewed for this book had nothing to gain by sharing their secrets, nor any interest in sugar-coating their advice. These people gave me unprecedented access to their lifestyle and playgrounds; from Palm Beach to Aspen. I was searching for the raw, uncensored truth about how rich people think, and they agreed to share it with me on the promise that their names never be published and their remarks never made public. I’ve mixed their wisdom with my words, and the result is a book so brutally honest it will shock some and inspire others. If you’ve ever dreamed of living a life most people only see in movies, study this book like a scientist. Freedom from financial worries and a millionaire’s lifestyle is closer than you think.
Quotes from How Rich People Think;
“The rich understand money flows from ideas, and since ideas are limitless, money is limitless.”
“Middle class dreams of having enough money to retire… World class dreams of having enough money to impact the world”
“Nobody succeeds beyond his or her wildest expectations unless he or she begins with some wild expectations.” — Ralph Charell”
“The truth is you have to have great ideas that solve problems to make money. If you do, you will attract money like a magnet.”
“Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter.” — Ayn Rand”
“Don’t let the opinions of the average man sway you. Dream and he thinks you’re crazy. Succeed, and he thinks you’re lucky. Acquire wealth, and he thinks you’re greedy. Pay no attention. He simply doesn’t understand.” — Robert Allen”
20 – Rich Habits | By Thomas C. Corley
The ”Rich Habits” are ten principles created through years of researching the daily success habits of his wealthiest clients. These ten simple principles miraculously transform every individual who comes into contact with them. By applying these principles, you are literally walking in the footsteps of the wealthy.
In Rich Habits, Tom Corley provides a step by step financial success program that is concise, easy to understand and even easier to apply, regardless of your age, education or income level. In these tough economic times, individuals are struggling financially and desperately looking for help in achieving financial success. Every person seeks prosperity for themselves and their families, and with Rich Habits the secret to financial success possessed by only the wealthiest individuals, will be revealed. Join the Rich Habits financial success revolution.
Quotes from Rich Habits;
“Passion makes work fun. Passion gives you the energy, persistence, and focus needed to overcome failures, mistakes, and rejection.”
“Reading every day to learn is one of the most powerful happiness activities we can engage in.”
“Unsuccessful people are not students of their industry, profession or trade.”
“Good Daily Habits Work Week Checklist (Sample Items) I read industry-related material a half-hour today. I ran 30 minutes today. I completed 80% of my to-do list today. I called at least one prospect today. I did not waste time on the Internet today. I said “DO IT NOW” when I did not want to do something today. I stopped myself from saying something sarcastic today. I stopped myself from saying something inappropriate today. I stopped myself from talking today when I realized I was talking too much. I ate no more than 2,000 calories today. I limited myself to two beers today. I left the office after 6 p.m. today. I called one person today, just to say hello. I called someone today to wish him or her a happy birthday.”
“When we invest our time in anything, it’s lost forever.”
21 – Unshakeable | By Tony Robbins
Tony Robbins’ Unshakeable: Your Financial Freedom Playbook is a practical manual on the rules and principles of the psychology of investing in today’s economy. Robbins obtains insights from over 50 of the greatest “money masters.” Robbin offers a how-to-guide on obtaining financial freedom. Robbins’ book is a humored, warm guide to business students or financial advisors and anyone who wants to take control of their finances. Robbin discusses topics including; index funds, retirement plans, mutual funds, intuitive principles, and others.
In Robbins’ book, he discusses that no one can consistently predict the stock market and these predictions are not necessary for making strong investments; further he teaches that to win at the “financial game,” you need to “control what you can control.” Robbins’ describes the secret to obtaining great wealth is investments that compound over time. He further advises that you need to protect yourself from downturns in the market by diversifying globally in your portfolio. Robbins discusses that most people are not aware of the fees of the financial services they pay for their portfolio to be managed and that most people often distrust their financial advisors. He also explores the concept of making sure your investments outweigh the risks and in volatile times, your brain will want to be afraid and that you must not listen to that fear.
Quotes from Unshakeable;
“To my horror, I discovered that our [company’s] name-brand 401(k) plan…was loaded with expensive mutual funds, excessive ‘administrative expenses,’ and fat commissions.”
“You’re never going to earn your way to financial freedom. The real route to riches is to set aside a portion of your money and invest it so that it compounds over many years.”
“Neuroscientists have found that the parts of the brain that process financial losses are the same parts that respond to mortal threats.”
“If you don’t understand the incentives of your adviser, you’re liable to discover that you’ve done wonders for his financial future while potentially wrecking your own.”
“Asset allocation is simply a matter of establishing the right mix of different types of investments, [and] diversifying among them in such a way that you reduce your risks and maximize your rewards.”
22 – The Science of Getting Rich | By Wallace D. Wattles
According to barnesandnoble.com, “ With this seminal book, Wallace Wattles popularized the Law of Attraction, the powerful concept that inspired The Secret. The Science of Getting Rich explains how to attract wealth, overcome emotional barriers, and apply foolproof methods to bring financial success into your life. The Science of Getting Rich was credited by Rhonda Byrne as one of the inspirations for her popular 2006 film and 2007 book The Secret. As Byrne explained it on the web site of Oprah Winfrey, “Something inside of me had me turn the pages one by one, and I can still remember my tears hitting the pages as I was reading it. […] It gave me a glimpse of The Secret. It was like a flame inside of my heart. And with every day since, it’s just become a raging fire of wanting to share all of this with the world.”
Quotes from The Science of Getting Rich;
“There are three motives for which we live; we live for the body, we live for the mind, we live for the soul. No one of these is better or holier than the other; all are alike desirable, and no one of the three—body, mind, or soul—can live fully if either of the others is cut short of full life and expression.”
“The more gratefully we fix our minds on the Supreme when good things come to us, the more good things we will receive, and the more rapidly they will come; and the reason simply is that the mental attitude of gratitude draws the mind into closer touch with the source from which the blessings come.”
“Go on in the certain way, and if you do not receive that thing, you will receive something so much better that you will see that the seeming failure was really a great success.”
“Do all the work you can do, every day, and do each piece of work in a perfectly successful manner; put the power of success, and the purpose to get rich, into everything that you do.”
“There is abundance of opportunity for the man who will go with the tide, instead of trying to swim against it.”
“There is never any hurry on the creative plane; and there is no lack of opportunity.”
“If you want to help the poor, demonstrate to them that they can become rich; prove it by getting rich yourself.”
23 – Screw It, Let’s Do It | By Sir Richard Branson
Global entrepreneur Sir Richard Branson has built a business empire and made billions, yet is renowned for his approachability, ability to challenge and succeed against the odds. Screw It, Let’s Do It reveals the lessons from life that have helped him through his business and personal life such as, believe it can be done and that, if others disagree with you, try and try again until you achieve your goal; or that you must love what you do. These and other lessons, with examples of how he learned them and how hes used them, are included in this stirring and candid look at his lessons from an exceptional life, which will inspire you to make a difference in your own life.
Quotes from Screw It, Let’s Do It;
“Respect is how to treat everyone, not just those you want to impress.”
“If you opt for a safe life, you will never know what it’s like to win.”
“Respect is about how to treat everyone, not just those you want to impress.”
“The best lesson I learned was to just do it. It doesn’t matter what it is, or how hard it might seem, as the ancient Greek, Plato, said, ‘The beginning is the most important part of any work.”
“As soon as something stops being fun, I think it’s time to move on. Life is too short to be unhappy. Waking up stressed and miserable is not a good way to live.”
“Whatever your goal is you will never succeed unless you let go of your fears and fly.”
24 – The Millionaire Fastlane | By MJ DeMarco
Graduate from college, get a good job, save 10% of your paycheck, buy a used car, cancel the movie channels, quit drinking expensive Starbucks mocha lattes, save and penny-pinch your life away, trust your life-savings to Wall Street, and one day, when you are oh, say, 65 years old, you can retire rich.
Since you were old enough to hold a job, you’ve been hoodwinked to believe that wealth can be created by blindly trusting in the uncontrollable and unpredictable markets: the housing market, the stock market, and the job market. This soul-sucking, dream-stealing dogma is “The Slowlane” – an impotent FINANCIAL GAMBLE that dubiously promises wealth in a wheelchair.
Accept the Slowlane as your financial roadmap and your financial future will blow carelessly asunder on a sailboat of HOPE: HOPE you can get a job and keep it, HOPE the stock market doesn’t tank, HOPE for a robust economy, HOPE, HOPE, and HOPE. Is HOPE really the centerpiece of your family’s financial plan?
Drive the Slowlane and you will find your life deteriorate into a miserable exhibition about what you cannot do, versus what you can. For those who don’t want a lifetime subscription to mediocrity, there is an alternative; an expressway to extraordinary wealth capable of burning a trail to financial freedom faster than any road out there. And shockingly, this road has nothing to do with jobs, 401(k), mutual funds, or a lifestyle of miserly living and 190 square foot tiny houses. Just some of what you will learn:
- Why jobs, 401(k)s, mutual funds, and 40-years of mindless frugality will never make you rich young.
- Why most entrepreneurs fail and how to immediately put the odds in your favor.
- The real law of wealth: Leverage this and wealth has no choice but to be magnetized to you.
- The leading cause of poorness: Change this and you change everything.
- How the rich really get rich – and no, it has nothing to do with a paycheck or a 401K match.
- The mathematics of wealth and how any “Joe Schmo” can tap into real wealth real fast.
- Why the guru’s sacred deities – compound interest and indexed funds – are impotent wealth accelerators.
- Why popular guru platitudes like “do what you love” and “follow your passion” will most likely keep you poor, not rich.
- And 250+ more poverty busting distinctions…
Demand more. Change lanes and find your explosive wealth accelerator. Hit the Fastlane, crack the code to wealth, and find out how to live rich for a lifetime.
Quotes from Millionaire Fastlane;
“Somebody should tell us, right at the start of our lives, that we are dying. Then we might live life to the limit, every minute of every day. Do it! I say. Whatever you want to do, do it now. There are only so many tomorrows. ~ Michael Landon”
“There’s a profound difference between interest and commitment. Interest reads a book; commitment applies the book 50 times.”
“I’m a great believer in luck, and I find the harder I work, the more I have of it. ~ Thomas Jefferson”
“All events of wealth are precluded by process, a backstory of trial, risk, hard work, and sacrifice. If you try to skip process, you’ll never experience events.”
“Instead of digging for gold, sell shovels. Instead of taking a class, offer a class. Instead of borrowing money, lend it. Instead of taking a job, hire for jobs. Instead of taking a mortgage, hold a mortgage. Break free from consumption, switch sides, and reorient to the world as producer.”
“Time isn’t a commodity, something you pass around like a cake. Time is the substance of life. When anyone asks you to give your time, they’re really asking for a chunk of your life. ~ Antoinette Bosco”
25 – The Simple Path to Wealth | By JL Collins
This book grew out of a series of letters to my daughter concerning various things—mostly about money and investing—she was not yet quite ready to hear.
Since money is the single most powerful tool we have for navigating this complex world we’ve created, understanding it is critical.
“But Dad,” she once said, “I know money is important. I just don’t want to spend my life thinking about it.” This was eye-opening. I love this stuff. But most people have better things to do with their precious time. Bridges to build, diseases to cure, treaties to negotiate, mountains to climb, technologies to create, children to teach, businesses to run.
Unfortunately, benign neglect of things financial leaves you open to the charlatans of the financial world. The people who make investing endlessly complex, because if it can be made complex it becomes more profitable for them, more expensive for us, and we are forced into their waiting arms.
Here’s an important truth: Complex investments exist only to profit those who create and sell them. Not only are they more costly to the investor, but they are also less effective.
The simple approach I created for her and present now to you is not only easy to understand and implement, but it is also more powerful than any other.
Quotes from The Simple Path to Wealth;
“A parable: The Monk and the Minister Two close boyhood friends grow up and go their separate ways. One becomes a humble monk, the other a rich and powerful minister to the king. Years later they meet. As they catch up, the portly minister (in his fine robes) takes pity on the thin and shabby monk. Seeking to help, he says: “You know, if you could learn to cater to the king, you wouldn’t have to live on rice and beans.” To which the monk replies: “If you could learn to live on rice and beans, you wouldn’t have to cater to the king.” Most of us fall somewhere between the two. As for me, it is better to be closer to the monk.”
“Here’s the simple formula: Spend less than you earn—invest the surplus—avoid debt”
“Stop thinking about what your money can buy. Start thinking about what your money can earn.”
“It’s a big beautiful world out there. Money is a small part of it. But F-You Money buys you the freedom, resources, and time to explore it on your own terms. Retired or not. Enjoy your journey.”
“It’s not hard. Stop thinking about what your money can buy. Start thinking about what your money can earn. And then think about what the money it earns can earn.”
“Look again at those people around you. For most, debt is simply a part of life. But it doesn’t have to be for you. You weren’t born to be a slave.”
“I may not have owned a Mercedes, but I owned my freedom. Freedom to choose when to leave a job and freedom from worry when the choice wasn’t mine.”
26 – How to Stop Worrying and Start Living | By Dale Carnegie
With Dale Carnegie’s timeless advice in hand, more than six million people have learned how to eliminate debilitating fear and worry from their lives and to embrace a worry-free future. In this classic work, How to Stop Worrying and Start Living, Carnegie offers a set of practical formulas that you can put to work today. It is a book packed with lessons that will last a lifetime and make that lifetime happier!
Discover how to:
-Eliminate fifty percent of business worries immediately
-Reduce financial worries
-Avoid fatigue—and keep looking young
-Add one hour a day to your waking life
-Find yourself and be yourself—remember there is no one else on earth like you!
Fascinating to read and easy to apply, How to Stop Worrying and Start Living deals with fundamental emotions and life-changing ideas. There’s no need to live with worry and anxiety that keep you from enjoying a full, active life!
Quotes from How to Stop Worrying and Start Living;
“When we hate our enemies, we are giving them power over us: power over our sleep, our appetites, our blood pressure, our health, and our happiness.”
“Our thoughts make us what we are.”
“No matter what happens, always be yourself.”
“Nothing can bring you peace but yourself.”
“Two men looked out from prison bars,
One saw the mud, the other saw stars.”
“Let’s not allow ourselves to be upset by small things we should despise and forget. Remember “Life is too short to be little”.”
“…the best possible way to prepare for tomorrow is to concentrate with all your intelligence, all your enthusiasm, on doing today’s work superbly today. That is the only possible way you can prepare for the future.”
27 – The Money Book for the Young, Fabulous & Broke | By Suze Orman
The Money Book for the Young, Fabulous & Broke is financial expert Suze Orman’s answer to a generation’s cry for help. They’re called “Generation Debt” and “Generation Broke” by the media — people in their twenties and thirties who graduate college with a mountain of student loan debt and are stuck with one of the weakest job markets in recent history. The goals of their parents’ generation — buy a house, support a family, send kids to college, retire in style — seem absurdly, depressingly out of reach. They live off their credit cards, may or may not have health insurance, and come up so far short at the end of the month that the idea of saving money is a joke. This generation has it tough, without a doubt, but they’re also painfully aware of the urgent need to take matters into their own hands.
The Money Book was written to address the specific financial reality that faces young people today and offers a set of real, not impossible solutions to the problems at hand and the problems ahead. Concisely, pragmatically, and without a whiff of condescension, Suze Orman tells her young, fabulous & broke readers precisely what actions to take and why. Throughout these pages, there are icons that direct readers to a special YF&B domain on Suze’s website that offers more specialized information, forms, and interactive tools that further customize the information in the book. Her advice at times bucks conventional wisdom (did she just say use your credit card?) and may even seem counter-intuitive (pay into a retirement fund even though your credit card debt is killing you?), but it’s her honesty, understanding, and uncanny ability to anticipate the needs of her readers that has made her the most trusted financial expert of her day.
Over the course of ten chapters that can be consulted methodically, step-by-step or on a strictly need-to-know basis, Suze takes the reader past broke to a secure place where they’ll never have to worry about revisiting broke again. And she begins the journey with a bit of overwhelmingly good news (yes, there really is good news): Young people have the greatest asset of all on their side — time.
Quotes from The Money Book for the Young, Fabulous & Broke;
“Believing you are worthy of love means that you believe I deserve to be treated well – with respect and dignity. I deserve to be cherished and adored by someone. I am worthy of an intimate and fulfilling relationship. I won’t settle for less than I deserve. I will do whatever it takes to create that for myself.”
“You need face time, not computer time. When you’re in a tough job market, it’s the personal touch that gets you the job.”
“Saving is for a short-term goal that you hope to reach within five years or so. Investing is for the long term.”
“You want your diversified stock portfolio to include stocks from different industries, large companies, small companies, companies here in the United States, foreign companies, new companies, and old companies.”
“Lasting net worth comes only when you have a healthy and strong sense of self-worth.”
“I have always said that if you undervalue what you do, the world undervalues who you are. And when you undervalue who you are, the world undervalues what you do. My experience is that women are, unfortunately, masters at both.”
28 – Secrets of the Millionaire Mind | By T. Harve Eker
Secrets of the Millionaire Mind reveals the missing link between wanting success and achieving it!
Have you ever wondered why some people seem to get rich easily, while others are destined for a life of financial struggle? Is the difference found in their education, intelligence, skills, timing, work habits, contacts, luck, or their choice of jobs, businesses, or investments?
The shocking answer is None of the above!
In his groundbreaking Secrets of the Millionaire Mind, T. Harv Eker states: “Give me five minutes, and I can predict your financial future for the rest of your life!” Eker does this by identifying your “money and success blueprint.” We all have a personal money blueprint ingrained in our subconscious minds, and it is this blueprint, more than anything, that will determine our financial lives. You can know everything about marketing, sales, negotiations, stocks, real estate, and the world of finance, but if your money blueprint is not set for a high level of success, you will never have a lot of money—and if somehow you do, you will most likely lose it! The good news is that now you can actually reset your money blueprint to create natural and automatic success.
Secrets of the Millionaire Mind is two books in one. Part I explains how your money blueprint works. Through Eker’s rare combination of street smarts, humor, and heart, you will learn how your childhood influences have shaped your financial destiny. You will also learn how to identify your own money blueprint and “revise” it to not only create success but, more important, to keep and continually grow it.
In Part II you will be introduced to seventeen “Wealth Files,” which describe exactly how rich people think and act differently than most poor and middle-class people. Each Wealth File includes action steps for you to practice in the real world in order to dramatically increase your income and accumulate wealth.
If you are not doing as well financially as you would like, you will have to change your money blueprint. Unfortunately, your current money blueprint will tend to stay with you for the rest of your life, unless you identify and revise it, and that’s exactly what you will do with the help of this extraordinary book. According to T. Harv Eker, it’s simple. If you think like rich people think and do what rich people do, chances are you’ll get rich too!
Quotes from Secrets of the Millionaire Mind;
“If you want to change the fruits, you will first have to change the roots. If you want to change the visible, you must first change the invisible.”
“The number one reason most people don’t get what they want is that they don’t know what they want.”
“The purpose of our lives is to add value to the people of this generation and those that follow.”
“It’s not enough to be in the right place at the right time. You have to be the right person in the right place at the right time.”
“If your motivation for acquiring money or success comes from a nonsupportive root such as fear, anger, or the need to “prove” yourself, your money will never bring you happiness.”
“If you shoot for the stars, you’ll at least hit the moon”
“Nothing has meaning except for the meaning you give it.”
“Money will only make you more of what you already are.”
“If you want to make a permanent change, stop focusing on the size of your problems and start focusing on the size of you!”
29 – A Random Walk Down Wall Street | By Burton G. Malkiel
According to getAbstract, “The first edition of Burton Malkiel’s A Random Walk Down Wall Street appeared in 1973, a few years after the twentieth century’s first big computer technology bubble, the go-go era, popped. This, the newest and eighth edition, appears after the popping of the dot.com bubble, the last of the twentieth century’s great computer technology bubbles. Investors burned in the first bubble could have been excused; after all, they didn’t have Malkiel’s book. But it’s astounding how avidly Internet speculators threw aside all that Malkiel and others had taught them. This book belongs on every investor’s bookshelf, and ought to be consulted or at least touched to the forehead, before any investment decision. Most investment books aren’t trustworthy, because their authors are salespeople who are really making a pitch instead of trying to inform you. Malkiel is disinterested. He is a teacher with the intellectual discipline of a true financial economist, and yet he writes as vividly as a good journalist.”
Quotes from A Random Walk Down Wall Street;
“A biblical proverb states that ’in the multitude of counselors there is safety.’ The same can be said of the investment.”
“Of course, earnings and dividends influence market prices, and so does the temper of the crowd.”
“It is clear that if there are exceptional financial managers, they are very rare, and there is no way of telling in advance who they will be.”
“Can you continue to expect a free lunch from international diversification? Many analysts think not. They feel that the globalization of the world economies has blunted the benefits of international diversification.”
“The ’cycles’ in the stock charts are no more true cycles than the runs of luck or misfortune of the ordinary gambler.”
“Although stock prices do plummet, as they did so disastrously during October 1987 and again during the early 2000s, the overall return during the entire twentieth century was about 9% per year, including both dividends and capital gains.”
“It should be obvious by now that any truly repetitive and exploitable pattern that can be discovered in the stock market and can be arbitraged away will self-destruct.”
30 – The 4-Hour Workweek | By Timothy Ferriss
Forget the old concept of retirement and the rest of the deferred-life plan–there is no need to wait and every reason not to, especially in unpredictable economic times. Whether your dream is escaping the rat race, experiencing high-end world travel, or earning a monthly five-figure income with zero management, The 4-Hour Workweek is the blueprint.
This step-by-step guide to luxury lifestyle design teaches:
• How Tim went from $40,000 per year and 80 hours per week to $40,000 per month and 4 hours per week
• How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want
• How blue-chip escape artists travel the world without quitting their jobs
• How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist
• How to trade a long-haul career for short work bursts and frequent “mini-retirements”
The new expanded edition of Tim Ferriss’ The 4-Hour Workweek includes:
• More than 50 practical tips and case studies from readers (including families) who have doubled income, overcome common sticking points, and reinvented themselves using the original book as a starting point
• Real-world templates you can copy for eliminating e-mail, negotiating with bosses and clients, or getting a private chef for less than $8 a meal
• How Lifestyle Design principles can be suited to unpredictable economic times
• The latest tools and tricks, as well as high-tech shortcuts, for living like a diplomat or millionaire without being either
Quotes from The 4-Hour Workweek;
“For all of the most important things, the timing always sucks. Waiting for a good time to quit your job? The stars will never align and the traffic lights of life will never all be green at the same time. The universe doesn’t conspire against you, but it doesn’t go out of its way to line up the pins either. Conditions are never perfect. “Someday” is a disease that will take your dreams to the grave with you. Pro and con lists are just as bad. If it’s important to you and you want to do it “eventually,” just do it and correct course along the way.”
“What we fear doing most is usually what we most need to do.”
“But you are the average of the five people you associate with most, so do not underestimate the effects of your pessimistic, unambitious, or disorganized friends. If someone isn’t making you stronger, they’re making you weaker.”
“People will choose unhappiness over uncertainty.”
“If you are insecure, guess what? The rest of the world is, too. Do not overestimate the competition and underestimate yourself. You are better than you think.”
“A person’s success in life can usually be measured by the number of uncomfortable conversations he or she is willing to have.”
31 – Principles | By Ray Dalio
In Ray Dalio’s Principles: Life and Work, Dalio offers a philosophical approach to living, life, and work. You may find yourself disagreeing in places, however, Dalio offers lessons of life and values for exploration. Dalio urges you to dive deep into the ideas of what is it you really want to determine your principles of finding behaviors and truths that will guide your life and career.
Here a few of his principles; radical truth and transparency, tell the truth always and always tell the truth; meaningful work and relationships, show that you truly care; learn to make mistakes and learn from them; remember that the “who” is more important than the “what.”
Quotes from Principles;
“Look for people who have lots of great questions. Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers. Great questions are a much better indicator of future success than great answers.”
“Every time you confront something painful, you are at a potentially important juncture in your life—you have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion.”
“Imagine that in order to have a great life you have to cross a dangerous jungle. You can stay safe where you are and have an ordinary life, or you can risk crossing the jungle to have a terrific life. How would you approach that choice? Take a moment to think about it because it is the sort of choice that, in one form or another, we all have to make.”
“The greatest gift you can give someone is the power to be successful. Giving people the opportunity to struggle rather than giving them the things they are struggling for will make them stronger.”
32 – Financial Freedom | By Grant Sabatier
Money is unlimited. Time is not. Become financially independent as fast as possible.
In 2010, 24-year old Grant Sabatier woke up to find he had $2.26 in his bank account. Five years later, he had a net worth of over $1.25 million, and CNBC began calling him “the Millennial Millionaire.” By age 30, he had reached financial independence. Along the way he uncovered that most of the accepted wisdom about money, work, and retirement is either incorrect, incomplete, or so old-school it’s obsolete.
Financial Freedom is a step-by-step path to make more money in less time, so you have more time for the things you love. It challenges the accepted narrative of spending decades working a traditional 9 to 5 job, pinching pennies, and finally earning the right to retirement at age 65, and instead offers readers an alternative: forget everything you’ve ever learned about money so that you can actually live the life you want.
Sabatier offers surprising, counter-intuitive advice on topics such as how to:
* Create profitable side hustles that you can turn into passive income streams or full-time businesses
* Save money without giving up what makes you happy
* Negotiate more out of your employer than you thought possible
* Travel the world for less
* Live for free–or better yet, make money on your living situation
* Create a simple, money-making portfolio that only needs minor adjustments
* Think creatively–there are so many ways to make money, but we don’t see them.
But most importantly, Sabatier highlights that, while one’s ability to make money is limitless, one’s time is not. There’s also a limit to how much you can save, but not to how much money you can make. No one should spend precious years working at a job they dislike or worrying about how to make ends meet. Perhaps the biggest surprise: You need less money to “retire” at age 30 than you do at age 65.
Financial Freedom is not merely a laundry list of advice to follow to get rich quickly–it’s a practical roadmap to living life on one’s own terms, as soon as possible.
Quotes from Financial Freedom;
“One of the most profound lessons I’ve learned along the way is that most of the ‘accepted wisdom’ about money, work and retirement is either incorrect, incomplete or so old-school it’s obsolete.”
“Given that you have only a limited amount of time, the most lucrative side hustles are ones that generate passive income – that is to say, money you can earn without actively having to do anything.”
“A quick tip that will pay huge dividends in your career and life: Reach out to one new person a week and ask them out to lunch, even if their job has nothing to do with yours.”
“The next time you go to buy something, ask yourself, ‘How much of my life am I trading for it? How many hours do I have to work to afford that three-dollar cup of coffee?’”
“If you want to reach financial independence as quickly as possible, you need to go all out. You need to find ways to make as much money, save as much money, and invest as much money as possible.”
“You aren’t the same person you were five years ago, and you won’t be the same person five, 10 or 20 years from now. This is why your number will, and should, change as you change.”
Final Thoughts on the Best Books on Becoming Wealthy
There are golden opporunities practically everywhere. It’s really in you to take advantage of those opportunities and evolve those opportunities into successful golden rewards. Obviously, there’s no easy way to become wealthy. Nevertheless, when you get out of your comfort zone and develop, implement, and take on the success strategies that will sepearte you from the average Joe. We are confident that you will be ahead of the game on becoming wealthy.
Do you see a book that you think should be on the list? Let us know your feedback here.