10 Books Every Aspiring Millionaire Must Read

1. Rich Dad and Poor Dad Book by Robert Kiyosaki

Theme:

What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

Summary:

Rich Dad Poor Dad is Robert’s story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.

This book is taken the first in ’10 Books Every Aspiring Millionaire Must Read’ list.

April of 2022 marks a 25-year milestone for the personal finance classic Rich Dad Poor Dad that still ranks as the #1 Personal Finance book of all time. And although 25 years have passed since Rich Dad Poor Dad was first published, readers will find that very little in the book itself has changed ― and for good reason. While so much in our world is changing a high speed, the lessons about money and the principles of Rich Dad Poor Dad haven’t changed. Today, as money continues to play a key role in our daily lives, the messages in Robert Kiyosaki’s international bestseller are more timely and more important than ever.

Milestones:

While there is a milestone to commemorate ― and a new section in the book on Why Milestones Are Important― preserving the integrity of the original content is testimony to the fact that this book has truly stood the test of time. The sidebars throughout the book (that were updated for the 20-year anniversary edition) have been updated again, but the core principles that parents and grandparents ― those who embraced Robert’s story and messages 25 years ago ― are sharing them with new generations who have found that its timeless wisdom and no-nonsense lessons can be applied to anyone’s life and their vision for a future that includes taking control of their finances.

People of all cultures and countries celebrate milestones. We use them to measure time, mark progress, reflect on the lessons we’ve learned, and celebrate accomplishments… and they give meaning to our life’s journey. They are a way that we integrate past, present, and future… looking back at where we started, where we are today… and the promise of all that the future can hold.

In the quarter century that has passed since Rich Dad Poor Dad was first published ― 25 years since April 8, 1997 ― so many things in our world have changed. But the one thing that has not changed is the pressing need for and the power of financial education. Money is still a mainstay of our lives, like it or not, and technology has brought both speed and innovations to the world of money. In an ever-changing world, we can all still get smarter when it comes to money… and learn as much as we can to secure our future.

2. Principles Book by Ray Dalio

Theme

Ray Dalio lays down the rules and frameworks he uses to navigate his life in the Book ‘Principles‘.

Summary

Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals.In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City.

Forty years later, Brid gewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Brid gewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.”

It is these principles and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success.In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics and investing can all be systemized into rules and understood like machines.

The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses and employing computerized decision-making systems to make believability-weighted decisions.

While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve. Here, from a man who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe” (CIO magazine), is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.

3. Think and Grow Rich Book by Napoleon Hill

Theme

A Bible for people seeking riches and prosperity.

Summary

Since its first publication in 1937, Think and Grow Rich has been considered the best self-help book in the world. A Bible for people seeking riches and prosperity, this book draws on the life stories of the wealthiest and most successful people of all time.

Through this book Napoleon Hill will teach you what to do, and how to do it, to achieve lasting and unprecedented success. In this updated edition, the editors Bill and Ann Hartley have provided commentaries on many passages of the original text and examples of many more successful people, some of whom were inventors, senators, leaders of business and strategy, and even presidents of countries.

Change your life as you learn to be? the master of your fate and the Captain of your soul? through this powerful book.

The power of thought, the power of the imagination, and the power of perseverance are just a few of the 13 elements Hill feels are essential for success.

The book is regarded as a classic in the personal development field and has had a significant impact on how people view wealth and success.

The basic message of the book is that by adhering to a particular set of rules, anyone can succeed and become wealthy. Hill refers to these ideas as the “13 Steps to Riches,” which include having a positive outlook, establishing specific goals, making a strategy to reach those goals, acting, and holding a firm belief in one’s own skills.

According to Napoleon Hill’s “Think and Grow Rich,” there are 13 steps to financial success.

1. Desire: Begin with a powerful desire or burning ambition to realize a particular conclusion or objective.
2. Faith: Have unflinching faith in your capacity to accomplish your goal and in yourself.
3. Autosuggestion: To strengthen your beliefs and aspirations, use encouraging self-talk and affirmations.
4. Specialized expertise: Develop the skills and information required to accomplish your aim.
5. Imagination: Use your imagination to picture yourself attaining your goal.
6. Well-organized planning: Create a thorough plan of action to reach your objective.
7. Decision: Make a definite choice to carry out your goal and never give up.

8. Persistence: Continue working toward your objective in the face of challenges or setbacks.
9. The power of the master mind: Surround yourself with positive, supportive people who share your values.
10. The Mysteries of Sex Transmutation: Use your sexual energy to ignite your passion and determination.
11. The Subconscious Mind: Use the strength of your subconscious mind to support your goal-achieving.
12. The Brain: Make judgements and take action by using your brain to plan, evaluate, and make decisions.
13. The Sixth Sense: Rely on your gut instinct and inner guidance to guide you in making the best choices and realising your objectives.

4. The Success system that never fails Book by W. Clement Stone

Theme

The Science of Success Principles.

An inspirational classic, in which a self-made billionaire reveals his secrets to success in business and life.

Summary

W. Clement Stone was one of the most successful entrepreneurs in America. And like so many people who achieve great success, he did it the hard way. He start his career selling newspapers in Chicago. Using the secrets he’d learned as a newsboy, Stone got his business off the ground. Then he learned other secrets that helped him expand his business.

He learned even more secrets when he acquired other insurance agencies. And he kept on learning more and better secrets, until he had built his hundred-dollar company into the multibillion-dollar Aon Corporation.

In The Success System That Never Fails, Stone took all of the secrets and lessons he had learned throughout his amazing career, broke them down, analyzed them, and from the results developed his theory that success can be reduced to a formula—a formula that you can learn and apply too.

Wealth, health, prestige, happiness, love—all of these riches and more can be yours by learning and applying W. Clement Stone’s revolutionary system that, when properly learned and faithfully applied, will never fail to bring you success.

5. Unlock It Book by Dan Lok

Theme

The Master Key to Wealth, Success, and Significance.

Summary

After ten years since his last best-selling book, Dan Lok, founder of Closers.com is finally unveiling his new book!
In Unlock It, you’ll find the strategies and methods Dan used personally to go from being a poor immigrant boy with $150,000 debt to becoming a global social phenomenon and the leader of the largest virtual closing organization in the world.

If you are struggling financially, you’ll learn how to develop skills not taught in schools that will increase your income and Financial Confidence.

If you are building or leading an organization, you’ll get an inside look at how Dan Lok strategically scaled his organization through a combination of digital media and Social Capital, High-Ticket Closers and an unbeatable team culture.

Wherever you are, Unlock It will show you how to find your own way to achieving wealth, success and significance.

6. Poor Charlie’s Almanack Book by Charlie Munger

Theme

A Bible for people seeking riches and prosperity.

Summary

Poor Charlie’s Almanack: The Wit And Wisdom Of Charles T. Munger is a biography written by Charles T. Munger. It also includes a foreword by Warren E Buffett and is edited by Peter D Kaufman.

This book is a biography that chronicles Charlie’s growth from his humble Omaha childhood to his phenomenal financial success. His Midwest values prepared him well for his long illustrious journey. The book also summarises his approach to life, decision-making, learning, and investing.

It talks about his unconventional method of thinking and his astonishing work ethic, that is, the twin fonts of his remarkable success. There is a special Mungerisms: Charlie Unscripted section that holds a collection of scathing remarks he had made at previous Wesco Financial and Berkshire Hathaway annual meetings.

This book also includes the talks and speeches that he had given in a specific twenty-year period. It has a Ten Talks section that covers a wide range of his interests that ranges from how one attains worldly insight to how his Multiple Mental Models could be used for business.

The tenth talk in this section is a unique version of “The Psychology of Human Misjudgment” that the author wrote just for this book.

Poor Charlie’s Almanack: The Wit And Wisdom Of Charles T. Munger was published by Walsworth Publishing Company in 2005. This book is the expanded third edition and is available in hardcover.

Key Features:

• Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger has photographs and graphics.
• It also has sidebars that provide additional information and explains certain concepts.

7. The Richest Man in Babylon Book by George Samuel Clason

Theme

A collection of speeches and talks by Charlie Munger, compiled by Peter D. Kaufman.

Summary

If you have a lean purse and are looking for financial wisdom, you have picked the perfect book!?

A Part of All You Earn Is Yours to Keep? From the importance of savings to the essentials on how to become wealthy, this collection of famous Babylonian parables imparts timeless financial wisdom. It offers insights on how to become wealthy and how to attract good luck and discusses the five laws of gold.

A perfect guide to understanding finances and a powerhouse of time-tested principles to gain and retain personal wealth, The Richest Man in Babylon has been inspiring readers for generations. It continues to remain a classic bestseller.

8. The Little Book of Common Sense Investing Book by John C. Bogle

Theme

The Only Way to Guarantee Your Fair Share of Stock Market Returns.

Summary

The best-selling investing “bible” offers new information, new insights, and new perspectives.

The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund  pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.

While the stock market has tumbled and then soared since the first edition of Little Book of Common Sense was published in April 2007, Bogle’s investment principles have endured and served investors well.  This tenth anniversary edition includes updated data and new information but maintains the same long-term perspective as in its predecessor. 

Bogle has also added two new chapters designed to provide further guidance to investors:  one on asset allocation, the other on retirement investing.

A portfolio focused on index funds is the only investment that effectively guarantees your fair share of stock market returns. This strategy is favored by Warren Buffett, who said this about Bogle: “If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle. For decades, Jack has urged investors to invest in ultra-low-cost index funds. . . . Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me.”

Bogle shows you how to make index investing work for you and help you achieve your financial goals, and finds support from some of the world’s best financial minds: not only Warren Buffett, but Benjamin Graham, Paul Samuelson, Burton Malkiel, Yale’s David Swensen, Cliff Asness of AQR, and many others.

This new edition of The Little Book of Common Sense Investing offers you the same solid strategy as its predecessor for building your financial future.

• Build a broadly diversified, low-cost portfolio without the risks of individual stocks, manager selection, or sector rotation.
• Forget the fads and marketing hype, and focus on what works in the real world.
• Understand that stock returns are generated by three sources (dividend yield, earnings growth, and change in market valuation) in order to establish rational expectations for stock returns over the coming decade.
• Recognize that in the long run, business reality  trumps market expectations.
• Learn how to harness the magic of compounding returns while avoiding the tyranny of compounding costs.

While index investing allows you to sit back and let the market do the work for you, too many investors trade frantically, turning a winner’s game into a loser’s game. The Little Book of Common Sense Investing is a solid guidebook to your financial future.

9. How to be Rich Book by J. Paul Getty

Theme

If you wish to be truly free, both financially and intellectually, this book ‘How to be Rich‘ is one of the best, easy-to-follow, guides one can wish for. 

Summary

Learn J. Paul Getty’s secrets on making money and getting rich in this “excellent How To book from a $$$ and sense man” (Kirkus Reviews).

There are plenty of books on making money by men who haven’t made much. But if J. Paul Getty, who Fortune magazine called “the richest man in the world,” doesn’t know how, who does?

Here the billionaire businessman discloses the secrets of his success—and provides a blueprint for those who want to follow in his footsteps.

And he goes beyond the matter of making money to the question of what to do with it.  

“Getty says it: ‘You can be rich.’”—New York Herald Tribune   “Aimed at the rising young business executive.”—Albany Times-Union

10. The Latte Factor Book By David Bach and John David Mann

Theme:

Why You Don’t Have to Be Rich to Live Rich

Summary:

The Latte Factor book tells the story of Zoey, a twenty-something woman living and working in New York City. Like many young professionals, Zoey is struggling to make ends meet under a growing burden of credit card and student loan debt, working crazy hours at her dream job but still not earning enough to provide a comfortable financial cushion. At her boss’s suggestion, she makes friends with Henry, the elderly barista at her favourite Brooklyn coffee shop.

Henry soon reveals his “Three Secrets to Financial Freedom,” ideas Zoey dismisses at first but whose true power she ultimately comes to appreciate. Over the course of a single week, Zoey discovers that she already earns enough to secure her financial future and realise her truest dreams—all she has to do is make a few easy shifts in her everyday routine.

The Latte Factor demystifies the secrets to achieving financial freedom, inspiring you to realise that it’s never too late to reach for your dreams. By following the simple, proven path that Henry shows Zoey, anyone can make small changes today that will have big impact for a lifetime, proving once again that “David Bach is the financial expert to listen to when you’re intimidated by your finances” (Tony Robbins, #1 New York Times bestselling author of Money: Master the Game).

Conclusion

Read these 10 books which will define the path to be rich.

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