Reading a book will not make you rich immediately. However, it will help you understand how you should approach life to become rich. Who knows? Maybe getting rich is just around the corner for you.There are basically two types of books you need:
- Those that will teach you how to do things; books with general information and numbers.
- Those that will teach you how to think, i.e., how to adjust your views and ideas to make yourself open to success.
The Law of Divine Compensation by Marianne Williamson
This A book will help you overcome your issues and start thinking positively about life. Here is an excerpt:
“Despite what might seem to be the saddest and most intractable situation, we have the power to believe that something else is possible, that things can change, that a miracle can happen.
This simple shift in how we think can make all the difference in what happens next. How we think releases an infinite number of possibilities that could not have occurred had we not believed that they were possible. “
The Science of Getting Rich by Wallace Wattles
The book based on the Hindu way of thinking that ”One is All and that All is One”. Although it was published over a century ago, it is still considered one of the most influential books of the genre. As the USA Today explains it, the book is “divided into 17 short, straight-to-the-point chapters that explain how to overcome mental barriers, and how creation, not competition, is the hidden key to wealth attraction.”
The 50th Law by Robert Greene and Curtis James Jackson III (50 Cent)
The authors wrote this book when Robert Greene, an author famous for his takes on power and accrual, met 50 Cent, one of the most successful rappers of modern day. It teaches fearlessness and taking charge. It was compared by many (Including The New York Post, The Guardian and many others) to Sun Tzu’s The Art of War.
How to Get Out of Debt, Stay Out of Debt and Live Prosperously by Jerrold Mundis
Now this one doesn’t focus solely on the philosophy of it all. It was not born solely out of a mind of a rich person who never met hardship. The author, Jerrold Mundis, had actually found himself spiraling into debt before he snapped out of it and decided to fix his life. This book will teach you how to finally get out of debt without sacrificing your lifestyle. He himself got out of a serious debt in only three years.
Think and Grow Rich by Napoleon Hill
This book bears a significant difference. A poor journalist wrote it after the great depression, having taken 20 years to interview over five hundred successful businesspersons. This resulted in his own thirteen-step program on how to become rich. Since the book was written 80 years ago, it will not help you build your stock portfolio by telling you what to invest in. However, it has helped hundreds of thousands of people climb up the ladder. The quality and importance of this book are clearly shown in the fact that people pay up to $4,500 for original copies of this book even though it can be found for free.
The Intelligent Investor by Benjamin Graham and Jason Zweig
Benjamin Graham was a teacher at Columbia Business School. He based this book on value investing. This book will teach you how to play the Market to your advantage and how to approach investing. The great Warren Buffet says about this book:
“Chapters 8 and 20 have been the bedrock of my investing activities for more than 60 years. I suggest that all investors read those chapters and reread them every time the market has been especially strong or weak.”
The Automatic Millionaire by Trent Hamm
A book that will actually make you a millionaire before you retire. The main message of the book is paying yourself first and only then starting to spend your money. It is called “Automatic” because you will need to automatically take away money from your salary every time you get it. It shows how you can become wealthy by taking aside a very small amount each day. Say you take 10 dollars every day and invest it with a 10% earning a year. In 40 years you will already be nearing your second million. Even if you don’t make a lot of money, the book teaches you exactly how to take those 10 dollars aside.