Money is a sensitive topic for everyone. Everyone wants money, but no one wants to talk about it. In most cultures, talking about money is considered taboo. It’s highly inappropriate to tap into the topic of money in front of your family, friends, or peers. ‘We don’t talk money’ is a common phrase we have heard throughout our lives. There can be many reasons behind this cultural norm, including people’s scarcity mindset, fear of getting the evil eye, or just plain embarrassment.
Best Books To Read For Making Money!
It’s hard to learn about money when people around you talk about it in hushed tones. One would wonder where to get the proper guidance regarding making more money. Well, the answer is simple – Books! It’s okay if the people around you aren’t comfortable talking about money. You can tap into the knowledge and wisdom of some of the most extraordinary personalities through their books. In this article, you will find a list of the best books to read to make more money.
1. The Richest Man in Babylon by George S. Clason
The Richest Man in Babylon by George S. Clason is a celebrated bestseller. This book has helped countless readers learn lessons of financial wisdom. Inside this book, you will find a set of ancient parables that explain personal finance fundamentals. You will also learn the five lessons of gold that will help you attract good luck and build a wealthy life. The lessons in this book are relevant and can be incorporated into our lives even today. The writing style is poetic and biblical, which makes it an engaging read. You must add this book to your list to build a life of financial stability. You can get the book here! 📖
2. Money Master the Game: 7 Simple Steps to Financial Freedom by Tony Robbins
The best way to learn about a topic is from someone who has mastered it. And Tony Robbins is one such personality who has coached more than fifty million people across hundred different countries to live a life inspired by the abundance mindset. Tony Robbins believes that you must either become a money master or money will master you. This book results from extensive research and several one-on-one interviews with some of the greatest investors, such as Warren Buffet, Ray Dalio, John Bogle, etc.
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Based on the research and interviews, Tony Robbins created seven steps that would help you achieve financial freedom. In this book, Tony Robbins will help you bust many myths keeping you from reaching your true potential. He will give you practical advice to take control of your financial decisions and help you prepare a lifetime income plan with thorough knowledge about setting up a savings and investment plan. This book is a must-read book for anyone who wants to take control of their finance. You can get the book here! 📖
3. The Intelligent Investor by Benjamin Graham
Benjamin Graham’s book The Intelligent Investor is considered one of the most important books in finance and investment. Adding this book to your cart should be a no-brainer if you believe in value investing. This book breaks down value investing into simple terms so a layperson can easily understand it. Graham also talks about his investing approach that will provide you with a margin of safety, so there is room for human error. You will also learn the Benjamin Graham formula, which will help you figure out the math. Legendary investor Warren Buffet who Benjamin Graham also mentored, considers The Intelligent Investor the best book on investing. Adding this book to your reading list will help you grow financially. You can get the book here! 📖
4. The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco
In this book, MJ DeMarco discusses the slowlane survival finance and the millionaire fastlane. The slowlane is focused on surviving, while the fastlane is about thriving. The Millionaire Fastlane questions the so-called finance gurus and their slowlane finance strategy. The author wants you to ditch your mediocre financial plan, which is about canceling movie channels, buying a used car, and saving ten percent of your paycheck. If you want financial freedom, saying no to a Starbucks coffee won’t make you achieve it. This book will inspire you to open your mind to start your own business and apply the fastlane strategies. The writing style is very lucid and quickly grasps the reader’s attention. There is no point in this book when it gets boring. It’s an exciting book that deserves a place on your bookshelf. You can get the book here! 📖
5. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki
Growing up, we rarely get any financial education. Because of this, financial literacy among people is a rare concept. Rich Dad, Poor Dad by Robert Kiyosaki is an excellent book for becoming financially literate. The book contains a set of parables where Robert Kiyosaki calls his friend’s father ‘Rich Dad’ since he accumulated a lot of wealth through his entrepreneurial and investment approach, and his own father ‘Poor dad’ because even after working extremely hard, he could never attain financial security. The right money mindset is significant, from minor things to big financial decisions. The book has sold over thirty-two million copies, making it one of the most important books on personal finance. You can get the book here! 📖
6. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley and William D
The authors Thomas J. Stanley and William D extensively researched the life and journey of American Millionaires. They then compiled their research work into this book that shares the surprising secrets of the Millionaires of America. The book introduces two new names the authors coined – Under Accumulator of Wealth (UAW) and Prodigious Accumulator of Wealth (PAW). While doing their research, the authors found surprising results. They found that the clusters of millionaires were mostly in middle-class and blue-collar communities and not in the white-collar neighborhoods that are more affluent and well-to-do.
This showed that blue-collar professionals are keener on savings and investments, whereas white-collar professionals spend more on luxury and vanity. This book will show the difference between being ‘Balance Sheet Affluent’ (high net worth) and ‘Income Affluent’ (low net worth). You will find many practical lessons in this book that you can start adopting and imbibing instantly. I recommend adding this book to your reading list to reach your financial breakthrough. You can get the book here! 📖
7. The Psychology of Money: Timeless Lessons on Wealth, Greed and Happiness by Morgan Housel
Your behavior with money matters the most in determining your financial success. And one of the most challenging things to learn is how to behave in a specific fashion. The Psychology of Money by Morgan Housel is a must-read book to learn how to behave around money. This book has condensed lessons on how to manage your money, how to invest it, how much to save, and how much to spend. The best part about this book is the size of the chapters. The chapters are bite-sized and to the point. So, to make intelligent decisions to live a wealthy life, you must read this book. You can get the book here! 📖
8. The Greatest Salesman In The World by Og Mandino
The Greatest Salesman in the World is an old book. It was first published in the year 1968 and again reissued in 1983. However, Og Mandino’s book is different from your ordinary finance book. Calling it just a finance book would be careless. This book tells the story of Hafid, a poor camel boy who achieves abundance. You will find the philosophy of salesmanship and success inside this book. Many people need clarification because of the name of the book.
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They mistake the book for an instructional one that will teach you the semantics of sales. On the contrary, The Greatest Salesman In The World takes a more spiritual path toward achieving success and abundance. Famous actor Matthew McConaughy found this book life-changing. So, if you also want to become the master of your personal finance, you must add this book to your reading list to make your learning wholesome. You can get the book here! 📖
9. Think and Grow Rich by Napoleon Hill
Think and Grow Rich is one of the most essential, life-changing books ever. It’s the crown of the motivational literature genre. It was also one of my first non-fiction reads, and I will be eternally grateful for this book. Napoleon Hill interviewed more than forty millionaires to understand the science behind success. This book will teach you the law of success, which has transformed the lives of many people across the globe.
In essence, Think and Grow Rich talks about the significance of desires. One must plant a wish for whatever one wants to achieve and believe in the chance of the desire becoming a reality. Our minds are powerful tools, with the help of which we can materialize our goals. I recommend getting a copy of this book because it will help you reach financial abundance and also help in other areas of your life, such as relationships, etc. You can get the book here! 📖
10. The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach
The Automatic Millionaire is an inspiring book for everyone, especially those with several responsibilities who need to know how they will achieve financial success. In this book, author David Bach tells the story of an average American couple. The man is a manager at the lower management level, and the woman is a beautician. Their joint annual income is at most $55,000.
However, they still pay college fees for their two kids, own two homes without any loans, and retire at fifty-five with a million dollars in savings. Astonishing. This book will teach you that you don’t become a millionaire with a budget. However, you need a plan that will automate paying you first! The best part about this book is that the learnings shared by the author are realistic. This book has the potential to secure your future. You can get the book here! 📖
11. 12 Months to $1 Million: How to Pick a Winning Product, Build a Real Business, and Become a Seven-Figure Entrepreneur by Ryan Daniel Moran
The name of this book is precisely what you will learn from this book. This book will show you the blueprint for building a seven-figure business within a year. Entrepreneurship has taken the world by storm. Everyone wants to become an entrepreneur and change the course of their lives. However, becoming an entrepreneur is more complex than some get-rich-quick schemes make it sound. To become a successful entrepreneur, one must be willing to put in the hours and work hard consistently.
This is why author Ryan Daniel Moran has broken down 12 months into three parts – The Grind, The Growth, and The Gold. With this one-year plan, you can scale your business to $1 Million within a year! This book demands you to be gritty and put in your hundred percent. If you are willing to dedicate the next twelve months of your life to the learnings of this book, then this is your sign to add this book to your reading list. You can get the book here! 📖
12. Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz
Mike Michalowicz is a serial entrepreneur who has helped close to two lakh companies get guaranteed profit from their businesses. The basic principle of Profit First is that profit isn’t an event but a habit. And this book will teach you how to imbibe the habit of profit. This book is a roadmap for any entrepreneur struggling to meet ends. Also, the humorous writing style helps you stay connected with the book. Several case studies and practical step-by-step processes for adopting the Profit First Model make this book a must-read for entrepreneurs. You can get the book here! 📖
13. You Are a Badass at Making Money: Master the Mindset of Wealth by Jen Sincero
You Are a Badass at Making Money by Jen Sincero is one of the most outstanding books I’ve ever read. It left an intense impression on my mind and transformed my life completely. Calling this book impactful will be a massive understatement. This book should be a part of every growing individual’s life because it teaches you the right money mindset. Many people work hard, build businesses and devote their lives to a dream. However, no matter what they do, they lose their money and end up in darkness.
We must ask why some people find it easy to make money, whereas others fail no matter how much work they put into their endeavors. In her book, Jen Sincero shares how she transformed her life. From living in a converted garage to traveling the whole world, she has managed to build a life of financial freedom. This book will help you work on your money mindset and approach money from a more positive place. You will learn how our vocabulary and what we hear about money affect our financial status and success. If there is one book you pick from this list, let this be the one! You can get the book here! 📖
14. The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey
The Total Money Makeover by Dave Ramsey is a book that should be a part of everyone’s bookshelf. This book helps you learn how to bring financial stability to your life. If you believe in making budgets but need to know how to make an effective one, this book is for you. The book contains seven ‘baby steps’ that, if you follow, will help you become financially secure. You will learn to make emergency funds, break bad money habits, bust money myths, be able to plan for future events, such as your retirement, and build a wholesome life. You can get the book here! 📖
15. I Will Teach You to Be Rich by Ramit Sethi
Ramit Sethi’s book I Will Teach You To Be Rich is based on the four pillars of personal finance – Banking, Saving, Investing, and Budgeting. This book primarily targets people between the age bracket of twenty to thirty-five. However, anyone can benefit from this book. Ramit Sethi shares a bunch of wealth-building ideas for young entrepreneurs. The writing style is intelligent and engaging. He does not beat around the bush and gets to the point. His practical and refreshing ideas make this book a must-read personal finance book. You can get the book here! 📖
Books are the most excellent teachers. No matter where you are or your circumstances, if you can get your hands on the right books, you can transform your life into becoming the greatest version of yourself. These fifteen books are the best in the personal finance genre and have the potential to help you rebuild your reality.
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