The modern successful person is known to cherish reading. Information is a pedestal that can propel people who seek and acquire it to success. Having heard so much about the millionaires and billionaires of our time, it’s natural to wonder how they managed to break through the daunting obstacles standing between each and every one of us and, financial independence.
Don’t wonder. Instead, venture out and seek the information that you need to succeed. Read, perhaps, a book per month for starters—especially books on wealth management. And maybe—just maybe—you will discover your own ladder to financial independence in the texts.
To get you started, here are six powerful books on building wealth:
- Rich Dad, Poor Dad
Witten by Robert Kiyosaki and largely based on his education and upbringing, this book discusses two men’s varying attitudes towards work, money, and life, and how these attitudes led to important decisions in Kiyosaki’s life. According to Kiyosaki, an eighth-grade dropout who knows how to keep his spending below his earnings, is shrewder than a professor that can’t manage his income properly. “Rich Dad, Poor Dad” also sheds some light on the importance of investment in both property and business.
- The Science of Getting Rich
What is science if not the study of a particular subject through observation and experiment. In this 1910 book by Wallace Wattle, the observation and experiment have been done for you. All you need to do is read and apply. Of course, it’s not as easy as it seems. But then you need to remain positive if you are going to follow Wattle’s belief that anyone’s ability to accumulate wealth depends on how they think about it. You need to believe that you possess the ability to muster wealth. Here is a review of the powerful book by Wattle.
- Your Money or Your Life
Based on 30 years of experience from Joe Dominquez and 20 years from Vicki Robin, the book will teach you the mindfulness and good habits that will compel you to save. It will also help you to declutter your life, get out of debt, and even save the planet while doing so. Los Angeles Times called the book “The seminal guide to the new morality of personal money management”. Read more about Your Money or Your life here.
- Total Money Makeover
Who doesn’t need a total money makeover? Author Dave Ramsey is a man of common sense. This reflects heavily in this book, where he pragmatically encouraged readers to avoid buying on credit, to extricate themselves from debt, to pay cash whenever they can, and to grow emergency funds. Ramsey delivers hard truths and doesn’t care to sugar-coat anything. If you are tired of reading financial fairy tales, if you truly want a total financial makeover, then “Total Money Makeover” is a book worth reading.
- Secrets of the Millionaire Mind
You have heard of Bill Gates, Mark Zuckerberg, and Elon Musk but can’t help to wonder what their secrets are? While this book by T. Harv Eker didn’t directly discuss the successes of these big names, it will definitely help you to rewire your mind to think like them.
According to Eker, who is also a multi-millionaire, people are poor because they think like poor people, while rich people are rich because they think like rich people. This is to say that poor people are more likely to come from poor parents because they were basically programed with worldviews that limit wealth accumulation. Read more about “Secrets of the Millionaire Mind”.
- Think and Grow Rich
Written by Napoleon Hill after interviewing a series of philanthropists and millionaires, this book about personal development and self-improvement, in a way (perhaps without the author even knowing), promotes greed and philanthropism as stepping stones to success. It also promotes terms and traits like desire, faith, specialised knowledge, imagination, and persistence as means of attaining greater heights. Read more about “Think and Grow Rich”.
When you are done reading the above-listed books, don’t stop there. Seek more books on wealth building. We all never stop learning as long as we are alive. You should always remember that.