Research shows that 88% of wealthy people spend at least 30 minutes a day reading. If it works for them, it could work for you. For most people, books are a part of their everyday life. A book is like a best friend that will never leave your side. You start with those 15 or 20 minutes of reading every day and suddenly you’ll be reading for an hour a day because you’ll be so excited about all the information you’re learning. Below, we’ve rounded up the 12 best books to read every day.
These are the best books on finance and money of all time to help you get out of the debt rat race and achieve the wealth you truly deserve. They teach you that mastering your money has more to do with mindset and overcoming psychological barriers than anything else, and they teach you how to start thinking your way to success. A person is limited in what they can accomplish without good reading and comprehension skills. Anyone who wants to learn the art of making money and being successful should read these books.
The 12 Best Personal Finance Books of All Time to Get Rich and Become a Millionaire
Being rich or poor depends on your habits. Reading lots of good books is what self-made millionaires do to increase their wealth and overall outlook on everything. These 12 books are said to be the best. The best finance books of all times.
These finance books It will help you become rich or at least give you some knowledge on how you can become a self-made millionaire or succeed in your ideas.
They will strengthen your intellectual taste and broaden your perspective to achieve financial success. These books have changed the lives of millionaires and are also the best financial books for beginners.
Here is the list of the 12 best financial books of all time that I recommend and that will help you transform your financial life and grow your wealth. Here’s to a prosperous and wealthy 2024!
1. “Think and Grow Rich” by Napoleon Hill
Journalist Napoleon Hill researched more than 500 self-made millionaires, including Andrew Carnegie, Henry Ford, and Charles M. Schwab, before publishing this 1937 bestseller.
Hill’s timeless personal finance classic will help you understand that getting rich is more a matter of mindset than anything else. He barely mentions the words “money,” “wealth,” or “finances.” Instead, he explains the psychological barriers that prevent many people from amassing fortunes and teaches you how to start thinking your way to financial success.
2. “Business adventures” by John Brooks
Rich people tend to believe that starting a business is the quickest way to make money. This read, recommended by billionaires Bill Gates and Warren Buffett, will teach you how to do it… but not in the way a conventional business book does.
“Unlike many business writers today, Brooks didn’t boil down his work to practical lessons or simplistic explanations of success (How many times have you read that some company is taking off because it gives its employees free lunch?),” Gates explains. “You won’t find any listicles in his work. Brooks wrote long pieces that frame a topic, explore it in depth, introduce some compelling characters, and show how they fared.”
Don’t let the 1969 publication date put you off. While much has changed in the business world since the 1960s, the fundamentals of building a strong company haven’t, Gates writes, adding: “Brooks’s most profound insights into business are as relevant today as they were back then.”
3. “The Little Book of Common Sense Investing” by John C. Bogle
One of the most effective ways to build wealth is to invest. At least, if you do it right.
Bogle, founder of the Vanguard Group and creator of the world’s first index fund, details the simplest and most efficient investment strategy: investing in low-cost index funds.
Legendary investor Warren Buffett also says that every investor, big or small, should buy a copy.
4. “Warren Buffett’s Essays” by Warren Buffett
If a Buffett review doesn’t tickle your fancy, get right inside the billionaire’s head with this collection of letters and notes written by the “Oracle of Omaha.”
The 700-plus-page book provides a clearer picture of Buffett’s philosophies on business, investing and life.
5. “Tools of Titans” by Tim Ferriss
What does it take to be a billionaire? Bestselling author Tim Ferriss’ latest book explores the daily routines and habits of celebrities, professional athletes, hedge fund managers and more.
Ferriss went straight to the sources and interviewed more than 200 world-class artists.
For a sneak peek, take a look at a peculiar habit shared by the richest and most successful people.
6. “The richest man in Babylon” by George S. Clason
Nearly a century ago, Clason revealed the “secret” to getting rich in his 1926 personal finance classic.
It turns out the “secret” isn’t that simple. All it takes to get rich is to master a few simple concepts, like paying yourself first and living within your means, something Clason preaches through a collection of amusing parables.
7. “Rich Dad Poor Dad” by Robert Kiyosaki
In this best-seller, Kiyosaki shatters the myth that you need to make a lot of money to become rich. By telling the story of two fathers (his own and his best friend’s father), he explains how to generate wealth even with a small salary.
Additionally, Kiyosaki challenges the popular belief that your home is an asset, details the differences between how wealthy people and average people choose to receive their pay, and emphasizes the critical difference between an asset and a liability.
8. “The Automatic Millionaire” by David Bach
Self-made millionaire and financial advisor David Bach exposes some common misconceptions about money in his easy-to-read bestseller.
You don’t need a budget, you don’t need to make a lot of money, and you don’t even need willpower to accumulate a fortune, she writes.
Research shows that 88% of wealthy people spend at least 30 minutes a day reading. If it works for them, it might work for you too.
9. “How the rich think” by Steve Siebold
When Steve Siebold began interviewing hundreds of millionaires and billionaires, he was “completely broke and searching for answers about success that I couldn’t find in the classroom,” he writes.
“What I discovered was that in order to get rich, I had to learn to think like a rich person… Once I changed my mindset, the money started flowing.”
Anyone has the opportunity to build wealth, he emphasizes in “How the Rich Think,” and it all starts with a change in mindset. To get a glimpse, check out the top way the rich view the world differently than the average person.
10. “Being obsessed or being average” by Grant Cardone
As Siebold says, to get rich you have to learn from those who have already done it. Grant Cardone, a self-made millionaire, knows a thing or two about managing money: the entrepreneur has built five companies and a multi-million dollar fortune.
In the best-selling author’s latest book, he emphasizes that if you want to achieve real success, you have to be hungry, hyper-focused, and even obsessed.
While Cardone offers some mixed advice (he doesn’t recommend investing in a 401(k) or buying a home), his wealth-building strategies helped him go from broke at age 25 to making his first million by age 30.
11. “The power of bankruptcy” by Daymond John
Daymond John, investor and entrepreneur on “Shark Tank,” turned $40 worth of fabric into a $6 billion brand, FUBU. Along the way, he received a lot of rejection and lost a lot.
However, being broke offers at least one big advantage: it stimulates creativity and innovative solutions, he explains in “The Power of Being Broke.”
Don’t dismiss your chances for wealth and success if your bank account is empty, he suggests, use it to your advantage.
12. “You can negotiate anything” by Herb Cohen
If you want to earn more in 2024, a simple but often overlooked strategy is to negotiate your salary.
If you’re afraid to approach your boss and ask for a raise, try Cohen’s best-selling book. It will help you get what you want and what you deserve.
