|How Do You Build Real Wealth?|
|Best Books on Wealth Building: The List|
|Final Thoughts on Best Books on Wealth Building|
How Do You Build Real Wealth?
Building wealth is not a piece of cake. Strong strategies with a powerful analyzing mind are the key to making real wealth. Some methods for this purpose are described as:
- Invest in your education.
- Have strong faith in your skills.
- Buy property.
- Start entrepreneurship.
- Start affiliate marketing.
- Create a worthy app or website.
Best Books on Wealth Building: 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 Richest Man in Babylon | By George Clason
The Richest Man in Babylon, based on “Babylonian parables”, has been hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. In simple language, these fascinating and informative stories set you on a sure path to prosperity and its accompanying joys. A celebrated bestseller, it offers an understanding and a solution to your personal financial problem. Revealed inside are the secrets to acquiring money, keeping money, and making money earn more money.
Quotes from The Richest Man in Babylon;
“Advice is one thing that is freely given away, but watches that you only take what is worth having.”
“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.”
“How can you call yourself a free man when your weakness has brought you to this? If a man has in himself the soul of a slave will he not become one no matter what his birth, even as water seeks its level? If a man has within him the soul of a free man, will he not become respected and honored in his own city in spite of his misfortune?”
“In those things toward which we exerted our best endeavors we succeeded.”
“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.”
“A part of all I earn is mine to keep.’ Say it in the morning when you first arise. Say it at noon. Say it at night. Say it each hour of every day. Say it to yourself until the words stand out like letters of fire across the sky.”
“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.”
“Our acts can be no wiser than our thoughts.”
3 – The Millionaire Next Door | By Thomas 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;
“Whatever your income, always live below your means.”
“Good health, longevity, happiness, a loving family, self-reliance, fine friends … if you [have] five, you’re a rich man….”
“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.”
“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.”
“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.”
“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.”
“One of the reasons that millionaires are economically successful is that they think differently.”
4 – Think and Grow Rich | By Napoleon Hill
Think and Grow Rich has been called the “Granddaddy of All Motivational Literature.” It was the first book to boldly ask, “What makes a winner?” The man who asked and listened for the answer, Napoleon Hill, is now counted in the top ranks of the world’s winners himself.
The most famous of all teachers of success spent “a fortune and the better part of a lifetime of effort” to produce the “Law of Success” philosophy that forms the basis of his books and that is so powerfully summarized in this one.
In the original Think and Grow Rich, published in 1937, Hill draws on stories of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation to illustrate his principles. In the updated version, Arthur R. Pell, Ph.D., a nationally known author, lecturer, and consultant in human resources management and an expert in applying Hill’s thought, deftly interweaves anecdotes of how contemporary millionaires and billionaires, such as Bill Gates, Mary Kay Ash, Dave Thomas, and Sir John Templeton, achieved their wealth. Outmoded or arcane terminology and examples are faithfully refreshed to preclude any stumbling blocks to a new generation of readers.
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.”
“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.”
“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.”
“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.”
“A quitter never wins-and-a a winner never quits.”
“Set your mind on a definite goal and observe how quickly the world stands aside to let you pass.”
“You are the master of your destiny. You can influence, direct, and control your own environment. You can make your life what you want it to be.”
5 – The Total Money Makeover | 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 The 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 exceed 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.”
6 – Secrets of the Millionaire Mind | By T. Harv 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!”
7 – Rich Dad’s Cash Flow Quadrant | By Robert Kiyosaki
Rich Dad’s CASHFLOW Quadrant is a guide to financial freedom. It’s the second book in the Rich Dad Series and reveals how some people work less, earn more, pay less in taxes, and learn to become financially free.
CASHFLOW Quadrant was written for those who are ready to move beyond job security and enter the world of financial freedom. It’s for those who want to make significant changes in their lives and take control of their financial future.
Robert believes that the reason most people struggle financially is that they’ve been spent years in school but were never been taught about money. Robert’s rich dad taught him that this lack of financial education is why so many people work so hard all their lives for money… instead of learning how to make money work for them.
This book will change the way you think about jobs, careers, and owning your own business and inspire you to learn the rules of money that the rich use to build and grow their wealth.
Quotes from Cashflow Quadrant;
“Success is a poor teacher”
“What do you think about me is not my business the important thing is what I think about myself …”
“Rich dad said that financial intelligence determined, not so much how much money you make, but how much money you keep, how hard that money works for you, and how many generations you can keep it.”
“Just as inside every problem lies an opportunity, inside every disappointment lies a priceless gem of wisdom.”
“We learn the most about ourselves when we fail, so don’t be afraid of failing. Failing is part of the process of success. You can’t have success without failure.”
“Finding your path means finding out what you were put here on this earth to do. What is your life’s purpose? Why were you given this gift called life? And what is the gift you give back to life?”
“Many people will not head down the street until all the lights are green. That is why they don’t go anywhere.”
“Remember that anything important can’t really be learned in the classroom. It must be learned by taking action, making mistakes, and then correcting them. That’s when wisdom sets in.”
“If you want to be a leader of people, then you need to be a master of words.”
“You will never know true freedom until you achieve financial freedom.”
“Thinking is the hardest work there is. That is why so few people engage in it.”
8 – Wealth Building Secrets from the Bible | By Jonathan Geraci
Are you stuck in the vicious cycle of paying bills? Are you drowning in debt? Not being able to get ahead? As a believer, have you been wondering how to build wealth? Are you searching for God’s way to achieve financial independence? As a pastor for both small and large churches, Jonathan Geraci has discovered that many believers’ struggles come down to how they relate to money. In this book, you will discover a Biblical holistic view on wealth that may surprise you. You will learn how modern financial advisors and the ancient words of scripture agree. These simple and engaging strategies will teach you Biblical habits for building wealth. In this book, you will discover
- • how to apply the fruits of the Spirit into your financial life.
- • learn the emotional and spiritual consequences of debt and how to escape!
- • 5 money myths that many Christians fall into.
- • 4 secrets from the Bible for building wealth.
- • discover how to practice “outrageous” generosity.
You can turn around your financial life by learning financial habits that are found in scripture. What’s stopping you from applying the Bible to every aspect of your life — including your finances?
Quotes from Wealth Building Secrets from the Bible;
“How we deal with our personal finances is a window to what is in our hearts.”
“God gives us wealth so that we can be a blessing to other people, and that brings us joy.”
9 – 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
10 – 12 Months to $1 Million | By Ryan Moran
This is the road map to a seven-figure business . . . in one year or less
The word “entrepreneur” is today’s favorite buzzword, and any aspiring business owner has likely encountered an overwhelming number of so-called “easy paths to success.”
The truth is that building a real, profitable, sustainable business requires thousands of hours of commitment, grit, and hard work. It’s no wonder why more than half of new businesses close within six years of opening, and fewer than 5 percent will ever earn more than $1 million annually. 12 Months to $1 Million condenses the startup phase into one fast-paced year that has helped hundreds of new entrepreneurs hit the million-dollar level by using an exclusive and foolproof formula.
By cutting out the noise and providing a clear and proven plan, this roadmap helps even brand-new entrepreneurs make decisions quickly, get their product up for sale, and launch it to a crowd that is ready and waiting to buy.
This one-year plan will guide you through the three stages to your first $1 million:
- The Grind (Months 0-4): This step-by-step plan will help you identify a winning product idea, target customers that are guaranteed to buy, secure funding, and take your first sale within your first four months.
- The Growth (Months 5 – 8): Once you’re in business, you will discover how to use cheap and effective advertising strategies to get your product to at least 25 sales per day, so you can prove you have a profitable business.
- The Gold (Months 9-12): It’s time to establish series of products available for sale, until you are averaging at least 100 sales per day, getting you closer to the million-dollar mark every single day.
Through his training sessions at Capitalism.com, Ryan Daniel Moran has helped new and experienced entrepreneurs launch scalable and sustainable online businesses. He’s seen more than 100 entrepreneurs cross the seven-figure barrier, many of whom go on to sell their businesses.
If your goal is to be a full-time entrepreneur, get ready for one chaotic, stressful, and rewarding year. If you have the guts to complete it, you will be the proud owner of a million-dollar business and be in a position to call your own shots for life.
11 – Tax-Free Wealth | By Tom Wheelwright
After 31 years… Major Tax Reform ― and what it means to you True overhaul of the tax law only happens about once every 30 years. In the past 75 years, the U.S. tax law has only seen three major revisions; one in 1954, the next in 1986, and most recently at the end of 2017. I have been fortunate as a tax professional to be heavily involved in the last two reforms. In 1986, I was a manager in the National Tax Department (NTD) of Ernst & Whinney (now Ernst Young). My primary responsibility during my three years there was to create, teach, and administer tax courses to the Firm’s U.S. tax professionals. Just as I arrived in the summer of 1985, I discovered that much of NTD’s resources were being devoted to following the tax reform bill that had been introduced that year. This gave me, as a young tax professional, some amazing insight into the legislative process as well as the horse-trading for tax reform. President Reagan wanted two things; simplicity (the 1985 act was called the Tax Simplification Act of 1985) and he wanted it to be revenue-neutral (no net increase to the deficit). It took another year before the bill was finally passed as the Tax Reform Act of 1986. (Simplicity took a back seat to other goals of the reform.) In 1986 the big winners from tax reform were individuals, with significantly lower tax rates, insurance companies (who got by relatively unscathed), and businesses.
Quotes from Tax-Free Wealth;
“TAX TIP: Put your family to work. Make your business a family business. Then when you travel for business, your family’s travel is deductible. And you can shift income from your higher tax bracket to their lower tax bracket. This creates permanent tax savings.”
“The hardest thing in the world to understand is income taxes. – Albert Einstein”
12 – The Simple Path to Wealth | By J.L. 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, it is 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.”
13 – Building Wealth One House at a Time | By John Schaub
Make your first million and earn a steady income with this updated, essential guide to real estate investing
The collapse in real estate prices from 2007 through 2012 was the most significant event in the real estate industry since the Great Depression. But today, with the real estate market rebounding, a new generation of investors is entering the field, eager to make their fortune.
Building Wealth One House at a Time, 2nd Edition provides you with a practical way to create wealth through an ethical approach to buying, financing, and managing the property. Renowned real estate expert John W. Schaub takes you through his 9-step program and explains how to accumulate one million dollars’ worth of houses debt free in any market while earning a steady cash flow.
This invaluable guide presents fresh strategies for buying and financing property, reflected in six new chapters on topics such as real estate cycles, financing real estate purchases, negotiation techniques, and retirement investing.
You’ll learn how to:
- Finance real estate purchases without going to a bank
- Recognize and capitalize on real estate cycles
- Improve your negotiation skills in any situation
- Avoid common and costly mistakes
- Create a cash flow that lasts forever, and much more
Building Wealth One House at a Time, 2nd Edition reveals how virtually anyone can accumulate houses debt free and earn an income for life.
14 – How to Be 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”
15 – The Wealth Barber | By David Chilton
Even if you consider yourself a financial “basket case,” Chilton explains how you can easily put an effective financial plan into action.
In this third edition of one of the biggest-selling financial-planning books ever, David Chilton simplifies the complex puzzles of personal finance and helps you achieve financial independence. With the help of his fictional barber, Roy, and a large dose of humor, Chilton shows you how to take control of your financial future–slowly, steadily, and with sure success. Chilton’s plan (detailed in an entertaining story) is no get-rich-quick scheme, but it does make financial independence possible on nothing more than an average salary.
Quotes from The Wealth Barber;
“I think people should spend more on experiences and less on stuff, but then again, within the context of affordability.”
16 – Your Money or Your Life | 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.”
“The key is remembering that anything you buy and don’t use, anything you throw away, anything you consume and don’t enjoy is money down the drain, wasting your life energy and wasting the finite resources of the planet. Any waste of your life energy means more hours lost to the rat race, making a dying. Frugality is the user-friendly and earth-friendly lifestyle.”
“Americans used to be ‘citizens.’ Now we are ‘consumers.”
“Along with racism and sexism, our society has a form of caste system based on what you do for money. We call that jobs, and it pervades our interactions with one another on the job, in social settings, and even at home. Why else would we consider housewives second-class citizens? Or teachers lower status than doctors even though their desk-side manner with struggling students is far better than many doctors’ bedside manner with the ill and dying?”
“It is easier to tell our therapist about our sex life than it is to tell our accountant about our finances.”
“Frugality is enjoying the virtue of getting good value for every minute of your life energy and from everything you have the use of.”
“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.”
17 – The Slight Edge | By Jeff Olson
The Slight Edge is a way of thinking, a way of processing information that enables you to make the daily choices that will lead you to the success and happiness you desire. Learn why some people make dream after dream come true, while others just continue dreaming and spend their lives building dreams for someone else. It’s not just another self-help motivation tool of methods you must learn in order to travel the path to success. It shows you how to create powerful results from the simple daily activities of your life, by using tools that are already within you.
In this 8th anniversary edition you’ll read not only the life-changing concepts of the original book but also learn what author Jeff Olson discovered as he continued along the slight edge path: the Secret to Happiness and the Ripple Effect.
This edition of The Slight Edge isn’t just the story, but also how the story continues to create life-altering dynamics–how a way of thinking, a way of processing information, can impact daily choices that will lead you to the success and happiness you desire. The Slight Edge is “the key” that will make all the other how-to books and self-help information that you read, watch and hear actually work.
Quotes from The Slight Edge;
“The truth is, what you do matters. What you do today matters. What you do every day matters. Successful people just do the things that seem to make no difference in the act of doing them and they do them over and over and over until the compound effect kicks in.”
“Successful people do whatever it takes to get the job done, whether or not they feel like it.”
“And some more shocking news: your ship’s not coming—it’s already here. Docked and waiting. You already have the money. You already have the time. You already have the skill, the confidence. You already have everything you need to achieve everything you want.”
“Trying to get rid of an unwanted habit is a bit like trying not to think about an elephant (the more you try not to think about it, the more you think about it). That’s because what you focus on, grows. This is why people who put a lot of energy into focusing on what they don’t want, by talking about it, thinking about it, complaining about it, or fretting about it, usually get precisely that unwanted thing. It’s tough to get rid of the habit you don’t want by facing it head-on. The way to accomplish it is to replace the unwanted habit with another habit that you do want. And creating new and better habits, ones that empower and serve you, is something you know how to do. You do it the same way you built any habit you have: one step at a time. Baby steps. The slight edge.”
“Any time you see what looks like a breakthrough, it is always the end result of a long series of little things, done consistently over time.”
“People on the success curve live a life of responsibility. They take full responsibility for who they are, where they are, and everything that happens to them.”
“Instead of writing down what you’re going to do (chances are you’ve been doing that your whole adult life anyway, and it doesn’t make you any better at doing them), write down at the end of the day what you did do that day.”
“Sometimes you need to slow down to go fast.”
18 – The Science of Getting Rich | By Wallace Wattles
The way to prosperity is no longer a mystery. This is Wallace D. Wattle’s brilliant, yet simple guide to wealth and success. He dedicated his life to analyzing and refining the principles of achievement that were put forth by the greatest minds in history.
Now you too can prosper from Wattle’s “exact science” as you learn:
- Why creativity matters more than the competition
- How to Change your life by changing your thoughts
- How to manage stress and self-defeating impulses that hold you back
- Why passion leads to achievement
- How to combine mental powers with practical abilities
- To appreciate the opportunities that await you
- How to attract the prosperity you deserve Make the contribution to the world that only you can make, and enjoy the abundance you’ll receive in return. It will be a remarkable journey of rejuvenation and self-discovery. Wallace Wattles was an American author and a pioneer success writer. His most famous work is The Science of Getting Rich.
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.”
“If you want to help the poor, demonstrate to them that they can become rich; prove it by getting rich yourself.”
“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 an abundance of opportunity for the man who will go with the tide, instead of trying to swim against it.”
“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.”
“There is never any hurry on the creative plane; there is no lack of opportunity.”
19 – The Compound Effect | By Darren Hardy
As the central curator of the successful media industry for over 25 years, author Darren Hardy has heard it all, seen it all, and tried most of it. This book reveals the core principles that drive success. The Compound Effect contains the essence of what every superachiever needs to know, practice, and master to obtain extraordinary success. Inside you will find strategies on:
- How to win–every time! The No. 1 strategy to achieve any goal and triumph over any competitor, even if they’re smarter, more talented, or more experienced.
- Eradicating your bad habits (some you might be unaware of!) that are derailing your progress.
- Painlessly installing the few key disciplines required for major breakthroughs.
- The real, lasting keys to motivation–how to get yourself to do things you don’t feel like doing.
- Capturing the elusive, awesome force of momentum. Catch this, and you’ll be unstoppable.
- The acceleration secrets of superachievers. Do they have an unfair advantage? Yes, they do, and now you can too!
If you’re serious about living an extraordinary life, use the power of The Compound Effect to create the success you desire. Begin your journey today!
Quotes from The Compound Effect;
“You alone are responsible for what you do, don’t do, or how you respond to what’s done to you.”
“You will never change your life until you change something you do daily. The secret of your success is found in your daily routine.”
“Your biggest challenge isn’t that you’ve intentionally been making bad choices. Heck, that would be easy to fix. Your biggest challenge is that you’ve been sleepwalking through your choices.”
“The first step toward change is awareness. If you want to get from where you are to where you want to be, you have to start by becoming aware of the choices that lead you away from your desired destination.”
“It’s not the big things that add up in the end; it’s the hundreds, thousands, or millions of little things that separate the ordinary from the extraordinary.”
“Forget about willpower. It’s time for why-power. Your choices are only meaningful when you connect them to your desires and dreams. The wisest and most motivating choices are the ones aligned with that which you identify as your purpose, your core self, and your highest values. You’ve got to want something, and know why you want it, or you’ll end up giving up too easily.”
Final Thoughts on the Best Books on Wealth Building
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