Books

“Formal Education will make you a living, Self education will make you a fortune.”

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The major diffirence between wealthy and “normal” people is that wealthy people rather spend their free time getting educated, while “normal” people rather get entertained. This day to day habit will leave a massive gab in their financial literacy and bank account on the long term.

Research finds that 85% of wealthy people read two or more education, career-related, or self-improvement books per month. 

If it works for them, why couldn’t it work for you?

You don’t just need money to build an empire, you need great knowledge, usually from  financial education books that will feed you with nuggets of wisdom needed to amass, maintain and increase your wealth.

Here is a collection of some of the best financial education books that have shaped the lives of some of the newest wealthy individuals across the globe and inspired them to take up challenges that have made them remarkably successful.


The Millionaire Next Door by Thomas J. Stanley and William D. Danko

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“‘The Millionaire Next Door’ is great for all those people who have just come into the game of personal financing, because this book talks about the fundamentals of personal finance with simple, consistent instructions .This book will help you in developing good practices from the very beginning.


The Investment Answer by Daniel Goldie and Gordon Murray

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In this book, Goldie and Murray pointed out a general guide to capitalizing by concentrating on five basic decisions every investor has to make. This brief, easy-to-read book is the most approachable investing book I’ve read.


Psych Yourself Rich by Farnoosh Torabi

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In this book, you’ll learn about the relationship between you and the money. Farnoosh has beautifully explained how our “emotions influence when managing personal finances.” Precisely, this book will bring back you to the concept of behavioral finance and how you can discover your weaknesses and get the most out of your strengths to make structure and maintaining money as stress free and as organized as possible!


The Millionaire Mind by Thomas J. Stanley

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The Millionaire Mind aims a millions of people who have stored considerable wealth and live in ways that flexibly exhibit their prosperity. The writer reveals the surprising answers to some difficult personal finance questions, presenting them to readers through solid examples


Think and Grow Rich by Napoleon Hill

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Penguin Group/Amazon

Napoleon Hill, a Great Depression-era author and former adviser to President Franklin D. Roosevelt, interviewed over 500 successful people to figure out the key to their good fortune. He shared his insights in “Think and Grow Rich,” one of the best-selling books of all time.

Hill’s six-step plan to building wealth is based on deciding exactly how much money you aim to earn and what you’re willing to do to get it. (It’s not as ominous as it sounds.)


Street Smarts by Jim Rodgers

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Jim Rodgers has helped people in realizing that you must be smart in class, in the market and on the street. The book “Street Smarts” gives readers the hard facts on the streets and markets that are intriguing and shrewd.

Through this book, you will learn how to predict the markets and tune your finances to take advantage of the next big thing.


 The Automatic Millionaire by David Bach

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This book highlights the influence of money by introducing the well-known Latte Factor. The author would make you understand the amount of your money goes to waste, realizing how better you can manage it by making the right selections in spending your money. This book will also help you in identifying where you unconsciously use your money and how those little expenses can be used to make you financially strong


The Intelligent Investor  by Benjamin Graham

 

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Billionaire investor Bill Ackman is one of countless Wall Street power players who cite “The Intelligent Investor” as a book that changed their life. Published by Warren Buffett’s mentor, Benjamin Graham, in 1949, it’s an in-depth introduction to value investing. Even if the industry you work in is far removed from finance, Graham’s advice will help you make the most of your money in the long term.


As a Man thinketh by James Allan

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As a man thinketh is a literary essay by James Allen, published in 1903. It was described by Allen as dealing with the power of thought, and particularly with the use and application of thought to happy and beautiful issues. Allen has tried to make the book simple, so that all can easily grasp and follow its teaching, and put into practice the methods which it advises. It shows how, in his own thought—world, each man holds the key to every condition, good or bad, that enters into his life, and that, by working patiently and intelligently upon his thoughts, he may remake his life, and transform his circumstances. It was also described by Allen as a book that will help you to help yourself, a pocket companion for thoughtful people and a book on the power and right application of thought.


Awaken the Giant Within by Tony Robins

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Wake up and take control of your life! From the bestselling author of Inner Strength, Unlimited Power, and MONEY Master the Game, Anthony Robbins, the nation’s leader in the science of peak performance, shows you his most effective strategies and techniques for mastering your emotions, your body, your relationships, your finances, and your life. The acknowledged expert in the psychology of change, Anthony Robbins provides a step-by-step program teaching the fundamental lessons of self-mastery that will enable you to discover your true purpose, take control of your life, and harness the forces that shape your destiny.


The Little Book of Common Sense Investing

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The Little Book of Common Sense Investing is one of the most favorite books for billionaires. In this book John Bogle teaches investors how to follow their investments to ensure that they yield returns. The author teaches wealth owners the significance of diversifying their portfolio and investing for the long term.


Rich Dad Poor Dad by Robert T. Kiyosaki

 

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Multimillionaire Robert Kiyosaki tells the story of two dads. His own, and the father of his best friend. In his personal finance classic Rich Dad Poor Dad. His definition of wealth places significantly more weight on the money you have saved for tomorrow. Whether for retirement, emergencies, or major events and purchases, than the money you have available to spend today.


The Richest Man in Babylon by George S. Clason

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This Book is read by millions, this precious book embraces the key to success-in the mysteries of the ancients. Constructed on the famous “Babylonian principles”, this bestseller book offers a thoughtful solution to personal finance problems; enlightening the mysteries to saving money, protecting money and earn more money.


Emotional Intelligence by Daniel Goleman

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Everyone knows that high IQ is no guarantee of success, happiness, or virtue, but until Emotional Intelligence, we could only guess why. Daniel Goleman’s brilliant report from the frontiers of psychology and neuroscience offers startling new insight into our two minds, the rational and the emotional and how they together shape our destiny. Through vivid examples, Goleman delineates the five crucial skills of emotional intelligence, and shows how they determine our success in relationships, work, and even our physical well-being. What emerges is an entirely new way to talk about being smart. The best news is that emotional literacy is not fixed early in life. Every parent, every teacher, every business leader, and everyone interested in a more civil society, has a stake in this compelling vision of human possibility.


The Power of Broke by Daymon John

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The instant New York Times bestseller from Shark Tank star and Fubu Founder Daymond John on why starting a business on a limited budget can be an entrepreneur’s greatest competitive advantage, showing how brands, companies, and start-ups can leverage the power of broke to achieve success, fame, and profit.


Thinking, Fast and Slow by Daniel Kahneman

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Managing personal finance is a series of decisions and this book “‘Thinking, Fast and Slow‘ drive support for the readers by understanding what pushes them to make the decision.


The Thin Green Line by Paul Sullivan

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Simon & Schuster/Amazon

In “The Thin Green Line: The Money Secrets of the Super-Wealthy,” author Paul Sullivan makes a distinction between being rich and being wealthy and explains why it’s more important to be “wealthy.”

Rich people, he says, have a lot of money. Wealthy people have the security that comes with knowing how to manage however much money they do have so that they’ll still have money tomorrow.

Through profiles of real families and rich individuals, he explains why this is so important.


The Behavior Gap by Carl Richards

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In this book, Richards centers the senseless mistakes people make again and again financially, buying expensive because of others, buying things that aren’t important — and explains how our natural characters lead us off the track even knowing what is correct.


The Law of Succes by Napoleon Hill

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The Law of Success was a precursor to Napoleon Hill’s Think and Grow Rich. Hill was well known for researching what made millionaires different from the common man. The sixteen lessons in this book perfectly crystallize everything you will need to know to succeed during these hard economic times. Many of today’s best known self help books take there core concepts form this book. The Secret, the Power of Positive Thinking, the Millionaire next door, and The Law of Attraction all take their basic premises from this landmark work. Now you can get it from the source. Once you’ve read this book you will understand what gives certain people an edge over everyone else. By following the advice laid out clearly herein you’ll be the one with an edge. It’s time to stop wondering what it’s like to be rich and start knowing. This book has changed countless lives and it can change yours!


The Psychology of Investing by John Nofsinger

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A professor of finance, Nofsinger investigates into the behaviors, psychology influence investors, providing a complete summary on making smart investing decisions for those, who are keen to start their own business.


I Will Teach You To Be Rich by Ramit Sethi

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Entrepreneur and author Ramit Sethi lays out a practical, six-week personal finance program for people who want to master their money with the least amount of effort and then get on with their lives.

“I Will Teach You To Be Rich” centers around the four principles of personal finance — banking, saving, budgeting, and investing — and is particularly appealing to the younger generation with its easy-to-read, no-holds-barred language.


Secrets of the Millionaire Mind By T. Harv Eker

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Read Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker and it will change how you look at yourself and how you make money. This book is excellent as it takes you into the mind and the beliefs of wealthy people. It also includes excellent strategies and plans for you to change your money blueprint and reach financial success.

Remember, the change of attitude is just as important as financial education itself, and T. Harv Eker shows you how to switch it up.


The Worldly Philosophers by robert l heilbroner

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This book not only enables us to see more deeply into our history but helps us better understand our own times. In this seventh edition, Robert L. Heilbroner provides a new theme that connects thinkers as diverse as Adam Smith and Karl Marx. The theme is the common focus of their highly varied ideas—namely, the search to understand how a capitalist society works. It is a focus never more needed than in this age of confusing economic headlines.


The Wealth of Nations by Adam Smith

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This book influenced a number of authors and economists, as well as governments and organizations. For example, Alexander Hamilton was influenced in part by The Wealth of Nations to write his Report on Manufactures, in which he argued against many of Smith’s policies. Interestingly, Hamilton based much of this report on the ideas of Jean-Baptiste Colbert, and it was, in part, Colbert’s ideas that Smith responded to with The Wealth of Nations. Many other authors were influenced by the book and used it as a starting point in their own work, including Jean-Baptiste Say, David Ricardo, Thomas Malthus and, later, Ludwig von Mises. The Russian national poet Aleksandr Pushkin refers to The Wealth of Nations in his 1833 verse-novel Eugene Onegin.


The Sovereign Individual by James Dale Davidson

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Two renowned investment advisors and authors of the bestseller The Great Reckoning bring to light both currents of disaster and the potential for prosperity and renewal in the face of radical changes in human history as we move into the next century. The Sovereign Individual details strategies necessary for adapting financially to the next phase of Western civilization.
Few observers of the late twentieth century have their fingers so presciently on the pulse of the global political and economic realignment ushering in the new millennium as do James Dale Davidson and Lord William Rees-Mogg. Their bold prediction of disaster on Wall Street in Blood in the Streets was borne out by Black Tuesday. In their ensuing bestsellar, The Great Reckoning, published just weeks before the coup attempt against Gorbachev, they analyzed the pending collapse of the Soviet Union and foretold the civil war in Yugoslavia and other events that have proved to be among the most searing developments of the past few years.
In The Sovereign Individual, Davidson and Rees-Mogg explore the greatest economic and political transition in centuries — the shift from an industrial to an information-based society. This transition, which they have termed “the fourth stage of human society,” will liberate individuals as never before, irrevocably altering the power of government. This outstanding book will replace false hopes and fictions with new understanding and clarified values


At the Crest of the Tidal Wave By Robert R. Prechter Jr.

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Just like Elliot Wave Principle, its super-bullish predecessor from 1978, this updated and abridged paperback version of At the Crest of the Tidal Wave presents a scenario that appears too dramatic and specific to be more than unfounded conjecture. However, the author’s forecasting toll is again the only one that has proved its value in addressing future market probabilities. The result is social science at its best.

If even half of the author’s forecasts come to pass, the world of finance just a few years hence will be immeasurably different from what it is today. Using the same precise approach that he employed a month after the 1982 low at Dow 777 to forecast a great bull market that would carry the Dow Industrial Average to near 4000, Robert Prechter now calls for slow motion economic earthquake that will register 11 on the financial Richter scale. The Great Assert Mania of recent years is in its final euphoric months, he says, and the next event will be a collapse of historic proportion.

If you are already well versed in the Wave Principle and prepared for the change that is coming, then ignore this book. If you are not, then devour it cover from cover. Be prepared for a shift in the tectonic plates that make up your mind’s notions about financial causality. Above all, get ready for a violent shaking of your faith in conventional economic wisdom.