20 best finance books that the richest people read
If you want to become one of the richest people, is the answer to just read what they read. Maybe. But theres more. Theres getting the information the wealthy are getting, and then thinking like they do about money and prosperity.
1. The financial information in black and white, tried and true. Follow it and youre bound to succeed. 2.
Your own inside ideas and beliefs about money may need to be shifted. Without doing this, no black and white money plans will ever work for the long term or even at all. There are books that deal with both below. Read both types of books and you may be well on your way to be a rich.
1) The Law of Divine Compensation, On Work, Money and Miracles Amazon Link: According to Marianne Williamson, our thoughts create our financial reality. In our ability to think about something differently lies the power to make it different. This is a book of work, money and miracles. Amazon Link: This book from 1910 provided the intellectual framework for many personal wealth-building seminars.
Wallace Wattle believed that how you think about your ability to accumulate wealth is how you create wealth. If you believe that money is evil, you wont be wealthy. 3) The 50th Law Amazon Link: Robert Greene is an American author and speaker known for his books on strategy, power and seduction. He has written four international bestsellers: The 48 Laws of Power, The Art of Seduction, The 33 Strategies of War, The 50th Law with 50 Cent.
This book is recommended by top entrepreneurs, with the central theme of this being fearlessness, something much needed in re-framing your thoughts about wealth, being rich, and that anyone can make it financially. By T. Harv Eker Amazon Link: This is my personal favorite. It is written by T.
Harv Eker, a man that made it to the top a few times and delves into the mind and beliefs of wealthy people. It has strategies that are simple to follow and he offers a free, live event to learn the tools in this book. He says the change of attitude is just as important as financial education and he shows you just how to do this. 5) How to Get Out of Debt, Stay Out of Debt Live Prosperously Amazon Link: This may be the book you want to pick first.
Many wealthy individuals live frugally at first and understand the importance of eradicating your debt. Then you can go ahead and create your wealth. Dont skip this one. Amazon Link: This book was written after the 1929 great depression and took two decades of research that the author Napoleon Hill conducted.
He was a poor journalist and interviewed over five hundred people that were successful. John D. Rockefeller, George Eastman, W. Wrigley Jr.
, and Charles Schwab, and more. This book is his research in the form of steps that are still relevant today. Amazon Link: This book is a great start. Its a common sense approach that is step by step.
Amazon Link: Written in 1949, Warren Buffet has turned to this book often. Chapters 8 and 20 have been the bedrock of my investing activities for more than 60 years, he says. I suggest that all investors read those chapters and reread them every time the market has been especially strong or weak. By Daniel C.
Goldie, CFA, CFP and Gordon S. Murray Amazon Link: Gordon Murray teamed up with his financial adviser, Daniel Goldie after he was diagnosed with brain cancer. This is a simple guide to investing. I dont think you can get a better unbiased approach.
The guy has nothing to gain other than to give his last and best advice, says Steve Lockshin, founder and chairman of Convergent Wealth Advisors. By James J. Cramer Amazon Link: Jim Cramers new book if full of research and logic. 11) My Maid Invests in the Stock Marketand Why You Should, Too.
By Amazon Link: If you have no idea about the stock market this book is the perfect place to start. Its easy to understand and entertaining. Amazon Link: The Author, Peter Lynch gives you information on how he invests and uses a sensible approach. He includes how to view important factors when making an investment choice such as how to analyze a company.
13) Screw It, Lets Do It: Lessons In Life Amazon Link: In Screw It, Lets Do It Ill be looking forwards to the future. A lot has changed since I founded Virgin in 1968, and Ill explain how I intend to take my business and my ideas to the next level and the new and exciting areas such as launching Virgin Fuels into which Virgin is currently moving. But I have also brought together all the important lessons, good advice and inspirational adages that have helped me along the road to success. By George S.
Clason Amazon Link: George S. Clasons parables about acquiring wealth have inspired investors since the 1920s. He emphasizes charitable giving, and saving over spending. Amazon Link: One of his strategies: to use the volatility of the financial markets to get rich quickly and enjoy it now.
Show me a 22-year-old who got rich investing in mutual funds. Show me the man who earned millions in three years by maximizing his 401k. Show me the young twenty-something who got rich clipping coupons. Where are these people.
They dont exist. Amazon Link: By an Amazon reviewer: Every now and then very, very special book comes along with a aha and this is such a book. Many people are spending their way through high incomeskeeping up with the JONESES high profile lifestyles encumbered with high debt and zero savings. I worked for a millionaire one time who said Money buys clothes, clothes dont buy anything.
He advised us to buy our toys clothes, cars, vacations etc. off profits of profits and never spend principal. That is the basic premise of this book build profits, then enjoy them but dont spend principal. By Robert T.
Kiyosaki Amazon Link: This book makes it to most lists on financial freedom and wealth. He says that the key to great wealth is a persons ability to convert earned income, such as a paycheck into passive income. Amazon Link: This book is based on her personal experience as one of the most sought after success coaches in the world, and a self-made multi-millionaire. Inside, youll discover the spiritual keys that unlock the door to true wealth.
Youll also uncover the habits that lead to poverty and the lies about money. By John C. Bogle The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns is a 2007 book on index investing, by John C. Bogle, the founder and former CEO of the Vanguard Group.
By Jack D. Schwager Amazon Link: Market Wizards is a book written by Jack D. Schwager and published in 1988 in which he interviews a wide range of traders with excellent track records of profitability. You are now armed with 20 books on how to think like the rich and how to invest like they do.
Read one book a week for the next 20 weeks and in less than a half a year you could be well on your way to a future of wealth, profit and freedom to live the life you desire. If you dream of starting your own business, there is a way to go around enrolling to business school. Featured photo credit: via Love this article.