Reading books can help you get rich, but there is so much information out there that it is tough to narrow it down what info is the best.
What is your money strategy? Do you have a financial plan?
It is okay if you don't. Unfortunately, most people don't have one until it is too late. That is why I wanted to help you jump start your financial plan with some great personal finance books.
Anyone who wants to accumulate wealth has to come up with some type of strategy. There are several ways to build wealth, and the more you educate yourself the better.
How much money do you have saved? How much money should you invest?
How much debt do you have? How do you spend your money?
If you haven't asked yourself these questions you need to start.
If you want to retire early, live comfortably, and enjoy your life to the fullest, then you need to get rich.
Let's take a look at the 3 best books to help you get rich.
Rich Dad Poor Dad
In my opinion, Rich Dad Poor Dad is the best starter book for individuals trying to learn about personal finance. This book is something that anyone and everyone should read and will definitely help you rethink the financial game.
In this book, the author, Robert Kiyosaki, tells stories about his upbringing with his "two fathers" (one is his friend's dad) and how they made different life choices which ultimately shaped his mind financially.
His real dad was his 'Poor Dad' and his friend's dad was the 'Rich Dad.' He talks about how his 'Poor Dad' accumulated liabilities while his 'Rich dad' accumulated assets, and explains the difference.
The book demonstrates how school isn't necessary to get rich, you don't have to make a lot of money to get rich, and most importantly how rich people make money work for them.
Reading this book it worth it and will help you reach your full financial potential.
“Most people fail to realize that in life, it’s not how much money you make, it’s how much money you keep.” - Robert Kiyosaki
Think and Grow Rich
While the title of this book hints that it is solely about money, it is about much more than that. This book is more about life and how to manifest the things you want out of it.
This book is for anyone looking for financial success and anyone who is trying to improve their life.
The author, Napoleon Hill, reveals and explains the principles and steps that are necessary in order to reach ultimate success.
Hill studied over 500 individuals over a span of 20 years and reveals the 13 most common habits used by these wealthy and successful people, but was mostly inspired to do so by Andrew Carnagie.
There is a great emphasis on setting SPECIFIC and EXACT goals and how the attention to detail will help you be successful.
This book will teach you how to shape your mind to become more confident, along with helping you reach your desires through the secrets of grit and determination.
Hill wrote this book in 1937 but his principles are still relevant today.
“The starting point of all achievement is DESIRE. Keep this constantly in mind. Weak desire brings weak results, just as a small fire makes a small amount of heat.” -Napoleon Hill
The Intelligent Investor
This book is one of the most important books on how to create wealth through long term investing.
A lot of people are afraid of the stock market and don't know whether or not they want to take that risk.
This book will help you learn the ins and outs of the stock market and show you how to earn long term gains while minimizing your risk.
The author, Benjamin Graham, is often referred to as the father of value investing. Graham attended Columbia University and eventually went on to the intimidating world of Wall Street where he eventually employed Warren Buffet.
Graham gives his blueprint on value investing which provides details on diversification, minimizing debt, and his buy and hold strategy.
Graham's 3 principles include:
- Analyze for the long term,
- Protect yourself from losses
- Don’t go for crazy profits
If you're ready to earn long-term wealth then you need to check out the Intelligent Investor
"Investing isn’t about beating others at their game. It’s about controlling yourself at your own game."- Benjamin Graham
Best Books To Get Rich
These three books will help you get rich.
You will learn about debt management, investing, and opening your mind to help you reach your full potential.
A lot of millionaires were self-taught, so don't get discouraged, you will be the next!
Read these books and develop your own master plan to get rich.