This is a guest post by Julie Ellis. Julie works as the writer for Premier Essay and finds her inspiration in the educational help to gifted students. Master’s degree in Journalism allows her to follow her passion and help students around the world. Julie’s Twitter..
10 Books to Get You Started on Your Road to Riches
In a normal program of studies for a bachelor’s degree, you probably took some 20–30 courses in the field of your major. That adds up to almost 5,000 hours of class time, not to mention the homework and the research papers.
What if you were to spend even half as much time educating yourself about money, money management, and getting wealthy? What sort of difference would that make in your financial life? Your career? Your levels of happiness nad freedom?
While you may not be in a position to spend 2,500 hours on coursework to become wealthy, you certainly can take the time to read some of the greatest wealth and finance books available and apply their lessons to your life.
Like Zig Ziglar said, “Money isn’t everything, but it’s right up there with oxygen.” If you don’t want to be a millionaire, that’s ok, but everyone should desire financial freedom. When money isn’t a concern, you are able to live life on your terms, doing what you love, with who you love, and that is priceless.
So without any more rambling, here are the 10 books to inspire you to get rich!
1. The Richest Man in Babylon by George Clason
Even though it was published in 1926, The Richest Man in Babylon is still one of the greatest guides to wealth ever created.
Written as a fable about 3 friends in ancient Babylon, it teaches 7 principles of wealth that are universal, undeniable, and are still as applicable today as they were 90 years ago.
Paying yourself first, living below your means and making your money work for you are just 3 of them! This is a short powerful read that everyone must put on their wish list.
2. Secrets of the Millionaire Mind by T. Harv Eker
This book focuses on the differences between just wanting wealth and actually achieving it. It also focuses heavily on the common misconceptions about wealth and earning money that the poor and middle class believe.
Eker identifies 17 ways the wealthy think differently, and how the financial “blueprint” you were raised with could be what is holding you back from the riches you desire.
3. Think and Grow Rich by Napoleon Hill
An absolute must read for any wealth or personal development enthusiast, this classic is all about creating the right mental conditions for wealth.
It teaches how you must begin with very specific financial goals, down to the exact dollar amount, work expenditure and deadline. This book must be at the front of your reading list as the mental conditioning it teaches will determine the success of all the efforts you make in the real world.
4. The Automatic Millionaire by David Bach
This book spawned the term, “the latte factor.” According to Bach, if you would just stop spending splurges and commit to investing that money instead, the rate of compounding returns would be result in, as the title suggests, becoming an automatic millionaire
The main principle behind this book is the idea that if you can set up systems where your money is invested automatically, and never put into your spending account in the first place, you will achieve wealth with little to no hassle.
5. How to Get Out of Debt, Stay Out of Debt and Live Prosperously by Jerrold Mundis
Borrowing a great deal from The Richest Man in Babylon, Mundis motivates the reader through his own story but also provides sound advice for getting rich, such as living frugally so that you can save and invest as much as possible.
While it may not be the most original or insightful book, it offers a different perspective and many good lessons that are worth repeating.
6. Get Rich Carefully by Jim Cramer
Most people know Jim Cramer from television. He is that ADHD investment guru who can’t slow down, quite frankly he exhausts me!
But this book is a solid road map to investing smartly, by learning how to get past the hype and analyze stocks with a keen eye, rather than just buying them and “hoping” they’ll do well.
7. Screw It, Let’s Do It! by Richard Branson
This internationally-known entrepreneur writes a motivational and autobiographical piece about the lessons he has learned on his road to wealth. The biggest takeaways are to believe in yourself, take calculated risks, and always think “yes.”
Branson is possibly the most prolific entrepreneur of our time with over 400 companies, a private island, a knighthood, and a multi billion dollar net worth, if anyone deserves your time and attention, it’s him.
8. The Millionaire Fast Lane by M.J. DeMarco
We are all in one of three places – the sidewalk (poor), the slow lane (middle class), or the fast lane (wealthy). Get rid of the traditional advice of education, good job, save, and get yourself out there building businesses.
M.J. DeMarco has created one of the greatest guides to screwing conventional wisdom and creating real wealth and freedom for yourself in record time!
9. The Millionaire Next Door by Thomas Stanley and William Danko
This book is a culmination of the surprising statistical data about thousands of millionaires all around the world.
What Stanley and Danko found is that the majority of them live below their means, drive cars that are more than 2 years old, spend a lot of time on their investments, and don’t buy “stuff.”And unsurprisingly, most are business owners.
This book is full of tactical and actionable advice from the secret underground of the millionaires next door.
10. Rich Dad, Poor Dad by Robert Koyosaki
While this book may not contain a plethora of practical investment and money management advice, it teaches on of the most important distinctions in the world of finance: Poor people work for money, rich people make their money work for them.
A classic from start to finish, this is an incredible introduction to the world of finance and wealth for beginners.
While none of these books will make you rich, they will provide you with a blueprint and a roadmap for getting rich. All you have to do is get off of your butt and make it happen!