Recommended Books That Will Make You Rich In 2022

So, you want to join the millionaires club, but you don't know how to go about it. The best place to start is to feed your mind with knowledge and profound ideas so you can change your mindset. And how do you do that? Well, you simply pick up a book. As you know, all great things starts with how you think, and the only way to change this is by nourishing your mind.

They say one good book can change a poor man's future, and so, in today's articel, we'll share with you not one, but ten books that can make you rich. Make sure you read until the end if you want to take on the world. Now, let's begin shall we

1. Think and grow rich by Napoleon Hill

Napoleon Hill, a renowned journalist, interviewed over 500 successful millionaires and philanthropists, we are talking about the likes of Henry Ford, Andrew Carnegie, and Charles M. Schwab, just to mention a few. He undertook this task to discover their millionaire secrets.

His discoveries led to the release of this 1937 bestseller self-development book. Think and Grow Rich is timeless! It is my personal favourite classic financial book that makes you understand the relationship between money and mindset, which I find so important. A person's mindset is very grand and can prevent you from increasing your riches.

The book helps you learn to suppress the art of overpowering psychological obstacles and begin thinking your way to success. The book also narrows down wealth generation into 13 steps which you should read and find out in case you haven't already.

The power of your thoughts, followed by putting them to action, is where you should start. In his book, he says that greed is good as long as you are willing to share your wealth. "You have to want money and be so determined to have it so that you convince yourself that you will have it" such powerful words! don't you think.

2. The Little Book of Common Sense Investing

For those that appreciate index funds, take a closer look at this book. The Little Book of Common Sense Investing concentrates on effective and easy ways of accumulating your wealth through investing in low-cost index funds. John C. Bogle, the founder of Vanguard Group was the creator of the world's first index fund.

What I respect about him is that he created a financial product for the people. In his book he presents you with compelling reasons for why you should invest in the low-cost index fund, and dodge market bubbles. He also makes it known that these low-cost index funds are diversified and cost-efficient.

Investing in the low-cost index fund means that both you and the company win. Rather than purchasing individual stocks, John Bogle exemplifies that it's much more beneficial to acquire all the stocks in a particular index, group, industry, or country.

Indexing exceeds the majority of mutual funds, and this is why he is insisting on this. Additionally, the fees in index funds are also much lower as compared to others because they don't have expensive offices or managers. This is something to think about and try. So, check out the book and decide for yourself.

3. The Millionaire Next Door

The classic book, The Millionaire Next Door, was written by Thomas J. Stanley and William D. Danko and first published in 1996. The authors classified people in American households with a net worth of $ 1 million or more as Under Accumulators of Wealth, with a low net wealth compared to their earnings.

They then gave them directions to help them obtain a greater net worth as opposed to their income. This book dives deep into how millionaires in America became rich in seven requisite steps. What I took home from this book is the simple approach of spending less than what you are earning.

To me this implied avoiding impulse buying and also broadening my investments. The author of The Millionaire Next Door also found out that most millionaires live very humble lives. It's only 1% of their flashy millionaire peers lives, that make them look bad.

Most Millionaires are wise spenders that don't excessively spend. You'll find that the most common car that they own is a pickup truck, not a Ferrari. The book, The Next Millionaire Next Door is a recent followup of The Millionaire Next Door which is just as intriguing.

The newer version has updates and more recent research on ways of building wealth. The book is filled with case studies and conforming data that looks at lifestyle choices and careers, which are all different pathways of getting successful and rich.

4. The Automatic Millionaire

David Bach is a self-made millionaire and financial advisor that came up with the bestseller book The Automatic Millionaire. David Bach emphasizes on his idea of getting rich through a well laid out plan other than budgeting. According to him, you don't need a budget, or even to make a lot of money.

He uncovers a number of money misconceptions in this easy-to-read bestseller. The Automatic Millionaire gets you started on your journey to wealth creation within an hour, through offering you timeless principles including phone numbers, websites, and money-making elements. This is a Phenomenal book that you should give a try.

5. The Richest Man in Babylon

This book is one of my favorites It was published in 1926, and became the first popular personal finance book. It is one of the most inspirational works ever written on the subject of personal financial planning, personal wealth, and thrift.

George S. Clason unearthed systems and secrets that will lead you to individual wealth If you are looking for a book that tackles personal financial problems, The Richest Man in Babylon should be on your top read lists, as it discusses and comes up with practical solutions that will lead you to wealth.

What makes this book a celebrated bestseller is the secrets that it reveals. It emphasizes on saving as opposed to spending;- keeping your money, finding ways of adding value, and making more money through investing. The book also discusses the importance of charitable giving, which I find benign.

This book uses parables, and it's the only parable that I've read that makes the intended message so powerful. Diving deep into the book, you find out that rich people stay rich because they are good at saving their money, they avoid debts, and they know how to properly spend their money.

George S. Clason recommends having an important mindset of saving at minimum 10% of your income as a way of paying yourself first. The earlier you read The Richest Man in Babylon, the better. This book will make you discover a lot about yourself and your financial wellbeing.

6. How Rich People Think

"Everyone has the same opportunity to acquire wealth," says Steve Siebold the author of this informative book. So how come some are so rich as compared to others? The divide of the richest and the poor grows every day.

Siebold conducted over 1000 interviews with millionaires and billionaires to see what makes them different from those with less In the book, Siebold penetrated the thoughts and habits of the rich and came up with concrete steps that one can follow to build their wealth. If you are an ambitious person, you will find this book interesting and you will be guided on how to think differently and change your attitude to acquire more wealth.

7. The Millionaire FastLane

When I was reading the Millionaire FastLane, what struck out was the disparity between what you can and what you can't do. There are two lanes described here, the Slowlane Road and the Fast Lane Road that suggest disregarding conventional advice and settling for the unorthodox path to achieving wealth and financial soundness.

I then realized that some people don't obtain millionaires status because traditional roads do not work. The Millionaire Fastlane is a good read if you are the kind of person that feels stuck at a job you despise, or you feel like you are wasting so much time doing something that you shouldn't.

It is the right book for you, if you are determined to be a millionaire and have no idea where or how to start. Maybe you want to start your business enterprise and you feel stuck, this is the book for you. The conventional path to wealth is determined by working hard while young to have enough set aside for when you get old.

But if you manage to set up a business enterprise that is self-sustaining even at your old age, you will be generating income without actually working. The choice is purely yours and how ambitious and determined you are and what you aspire to achieve and be. When you make an impressive income, and you keep carelessly splurging it on luxury items, you will go broke pretty fast. It will; teach you to find the conventional way that works for you.

8. Your Money or Your Life

How would you define your relationship with money? What I appreciate about this book is how it informed me on how to transform my relationship with money.Your Money or Your Life is a life changing book.

The authors Robin and Dominguez explicitly explain how your life (time) and money intertwine. You work hard to make money and in this you spend time working. Do you then need to spend more of your time or work hard to have more money at the expense of your well being?

A healthy and wealthy life is desirable and if you want this kind of lifestyle, you have to detach yourself from money. Other than striving to make more, be better at managing the money you have. Save it, don't waste it. Your money and your life should be working strategically. Vicki Robin comes up with many examples of living frugally to increase the quality of life. Your Money or Your life is worth a read.

9. The Intelligent Investor

When I wanted to start my journey in stock investing, my dad recommended this book to me, and to this day, I can clearly say I have learned a lot. The Intelligent Investor is like the Holy Book of Investing.

It provides a firm comprehension of contemporary financial conjectures that enables you to invest wisely without the prospect of losing it all. Benjamin Graham, the author of this book outlined his approach to long term, risk-averse investment in the stock market in 1949, and the concepts are still valid in today's investment world.

The book thoroughly analyses the inherent value of a corporation and its capacity for growth. It also focuses on securing steady returns rather than focusing on short term gains. If you follow these guidelines, you will drop the rollercoaster surge and gain a long term plan.

The Intelligent Investor will also make you realize if investing in individual stocks is for you or not because people have different investment strategies. In case you have a deep passion for financing, I highly recommend it.

10. Rich dad, Poor Dad

This book had to be featured on this listmas it was the first financial book I readmthat made me explore all the other books mentioned above. It is a must-read if you want to start taking the next steps to attaining wealth no matter what age you are.

Rich dad, Poor dad describes an eighth-grade dropout that spends less than he makes and who's more intelligent than a college professor but can't make ends meet. The author Robert T. Kiyosaki outlines that working and receiving a steady paycheck is what can get you started, but it shouldn't be where you want to finish at.

You should invest your money and your time buying property or starting a business to achieve financial freedom. Having a passive source of income or a diverse investment portfolio is a start to growing your wealth and becoming a millionaire.

I personally believe that these are the ten books that can be a great start to a rich future. It's important to learn from what others have done, master the art of diversifying your investment, be in the right mindset, and health to acquire and enjoy your wealth even when you are old.

There is no better time to start than now. One day you might be signing copies of your own best seller book as a millionaire, advising people on how you made it and that they can make it too. If you would like more books, check out, Purple cow by Seth Godin, why you act the way you do by Tim Lahaye, and Unleashing the idea virus by Seth Godin.

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