The journey to get rich requires certain tools. Although many seem to ignore this, books can help you build your mind, zeal and knowledge to become successful and rich. Therefore I have taken the effort to look through some amazing books that can do a lot to get your financial journey oriented in the right direction.
1. The Millionaire Next Door
This classic which was first published in 1996 and written by Thomas J. Stanley and William D. Danko offers in-depth knowledge from the findings of the authors of how America’s millionaires became rich in seven key steps. One of the high points discussed was the simple and strategic method of spending less than you earn. By doing this, you could avoid impulse buying and diversify your investments.
2. Rich Dad, Poor Dad
Robert T. Kiyosaki’s book remains a stunner any day and anytime. It is a must read if you want to start crafting a path to wealth while you are young. In this book, Kiyosaki was able to bring the distinguishing factor or habits of his father, who was a highly educated man yet poor, and his other father who was a dropout but became a self-made multimillionaire. The focus follows what are termed the different “quadrants” of the different classes of people in society and how you can elevate yourself to the Investor quadrant which will make you super rich.
3. How Rich People Think
Steve Siebold author of “How Rich People Think” has spent 30 years interviewing 1, 000 millionaires and billionaires to figure out what distinguished them from the average person. In the book, Siebold offers concrete action steps to follow as an ambitious person to building your own wealth.
4. Think and Grow Rich
Written in an era of Great Depression, author and former adviser to President Franklin Roosevelt interviewed over 500 successful people to discover the keys to good fortune. A classic and bestselling book, it discusses how you should start planning by setting your aim and desire of how much you really want to earn. It all starts from the power of your thoughts and then action.
5. ‘You’re So Money: Live Rich, Even When You’re Not’
Directed towards the middle class earners who are making entry level pay, author Farnoosh Torabi talks about how you can save money in certain areas of your life. The book is a great read and offers wonderful advice to young people. It has a witty, funny and concise approach to explaining to people how they can handle their finances appropriately on the road to becoming rich.
6. The Richest Man in Babylon
Written by George S. Clason, this book unearths principles and secrets that will lead you to personal wealth. As one of the most inspirational works on the subject of thrift, financial planning and personal wealth, “The Richest Man in Babylon” identifies the solution to financial problems that will guide you to wealth. Such secrets such as keeping your money, making more by investing and always finding a way to add value makes this book a celebrated bestseller.
7. The Science of Getting Rich (A Thrifty Book)
Wallace Wattle provides the intellectual framework of building personal wealth through positive thinking. The book talks about how you can create wealth through equipping your thoughts to attract wealth. For example, if you believe that money is evil, then you won’t be wealthy.
8. The Automatic Millionaire
The Automatic Millionaire written by David Bach explains that you do not need to get rich through a budget but with a well laid out plan. The Automatic Millionaire offers timeless principles including phone numbers, websites and every element that will get you started on your road to wealth within an hour.
9. Screw It, Let’s Do It: Lessons in Life
Written by seasoned entrepreneur and billionaire, Richard Branson offers practical steps of how he became successful and how you can too. His book is based on his personal experiences and important lessons which have influenced him and will certainly influence you too if you want to become rich.
10. The Millionaire Fast Lane
The Millionaire Fast Lane helps you see the difference between what you cannot do and what you can. There is the Slowlane Road and the Fast Lane road, which involves ignoring popular advice and settling for the unconventional path to attaining wealth and financial security.
So there you have it, ten books that can define your path to being rich.