There are numerous websites and YouTube videos giving their recommendations about the best books to get rich quick or become a millionaire fast, but they don’t tell you about books that actually help you build wealth. The following list of books have been read by most millionaires and billionaires and they themselves have stated in previous interviews that these books actually have what it takes to change your mindset to start building real wealth.
I recommend starting with “Rich Dad Poor Dad” and “The Intelligent Investor,” as they are often considered two of the most influential personal finance books of all time. If debt is your main problem, start with “The Total Money Makeover” by Dave Ramsey.
Here’s a brief overview of the top 10 books recommended by millionaires:
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1. Rich Dad Poor Dad
In his personal finance book “Rich Dad Poor Dad,” Robert Kiyosaki analyzes his own experiences growing up with two father figures who had quite different perspectives on money. The book makes the case that conventional methods of education and employment, which place a strong emphasis on finding a decent job, working hard, and saving money, are ineffective.
2. The Millionaire Next Door
The personal finance book “The Millionaire Next Door” by Thomas J. Stanley and William D. Danko dispels myths about wealth in America. The authors demonstrate that many wealthy people live modestly and put an emphasis on saving and investing over ostentatious displays of wealth through extensive research and interviews with millionaires.
3. The Intelligent Investor
Benjamin Graham’s classic book on investing, “The Intelligent Investor,” highlights the significance of value investing and provides a framework for evaluating stocks and bonds. The book highlights the value of discipline and patience in investing and concentrates on long-term strategy.
4. Your Money or Your Life
Vicki Robin and Joe Dominguez’s personal finance book, “Your Money or Your Life,” challenges readers to reevaluate their relationship with money and work toward financial independence through frugal living, conscious spending, and investing. The book highlights the link between personal beliefs and financial goals and provides a nine-step approach for obtaining financial independence.
5. The Total Money Makeover
In his personal financial book “The Total Money Makeover,” Dave Ramsey lays out a step-by-step strategy for paying off debt, setting up an emergency fund, and making investments for the future. The book highlights the value of living within one’s means, and includes practical guidance on budgeting, saving, and investing.
6. The Richest Man in Babylon
A classic work on personal finance by George S. Clason, “The Richest Man in Babylon,” teaches financial management and wealth-building ideas through parables set in ancient Babylon. The book provides helpful tips for achieving financial success while highlighting the value of saving, investing, and avoiding debt.
7. Think and Grow Rich
Napoleon Hill’s self-help and personal development book “Think and Grow Rich” instructs readers on how to think positively, create goals, and persevere in order to succeed and prosper financially. The book gives helpful guidance for accomplishing personal and financial goals by drawing on conversations with accomplished people like Andrew Carnegie and Thomas Edison.
8. The 4-Hour Workweek
In his self-help book “The 4-Hour Workweek,” Timothy Ferriss promotes remote work, outsourcing, and automation as ways to increase work-life balance and free up more time. The book challenges readers to think creatively about how to design more happy lives while providing readers with useful tips on entrepreneurship, online marketing, and lifestyle design.
9. The Automatic Millionaire
A personal finance book by David Bach, “The Automatic Millionaire,” highlights the significance of automating one’s money in order to accumulate wealth over time. The book urges readers to take action in order to attain financial success by providing helpful tips on budgeting, saving, investing, and retirement planning.
10. The Simple Path to Wealth
JL Collins’ personal finance book, “The Simple Path to Wealth,” places a strong emphasis on the value of straightforward, affordable index fund investment for obtaining financial independence and creating lasting wealth. The book urges readers to concentrate on establishing a strong financial foundation via discipline and patience and includes helpful tips on investing, retirement planning, and wealth accumulation.
