Well not every book as a homerun some will certainly change your life forever
and in this video I will share with you seven books that will make you rich and
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life-changing content according to Jim Rohn the importance of reading cannot be
overemphasized as he quotes reading is essential for those who seek to rise
above the ordinary I believe this kind of life you seek is
to live beyond the ordinary hence you need to cultivate the habit of reading
books your ability to obtain financial independence will be given a massive
boost when you're an avid reader Warren Buffett was once asked what his
recommendation for success was and his response was epic he pointed to a stack
of books close to him and said anyone who reads 500 pages of such books every
day is building him or herself up toward success
Warren Buffett has Bill Gates Oprah Winfrey and Mark Zuckerberg and his
company of billionaires who are addicted to reading therefore you don't need to
look too far if you're looking for the secret to riches books contain the
wisdom and knowledge of successful people that can lead you on the right
path to success lucky for you boss you don't have to search too far for good
books that can help you achieve all of your wildest financial dreams as I will
now get into the 7 books that will make you rich book number one Think and Grow
Rich by Napoleon Hill this book is a product of 25 years of research on the
factors behind financial success with over 100 million copies sold
thinking Grow Rich is one of the most popular books on individual development
of all time this book has many fundamental ideas but can be categorised
easily into three main elements the power of belief the power of emotions
and the power of others when it comes to the power of belief Hill is adamant that
your belief in your ability to become rich is essential to your success he
says that you will only achieve what you greatly desire and then you must
convince yourself that your goals no matter how lofty are attainable before
you can reach them moreover he emphasizes the power of visualization
explaining how many people have used this technique to reach all of their
wildest dreams with the power of emotions comes a requirement to use your
enthusiasm and passion to drive yourself forward in your
we're harnessing this positive energy will keep you going even in the darkest
of times moreover hell stresses the importance of
overcoming any inclinations you have towards procrastination and instead
insists on becoming a proactive decision-maker
finally the powers of others emphasizes the need to be a subject matter expert
in your field and the way you can cultivate this knowledge is by
surrounding yourself with other intelligent people Hill recommends that
you surround yourself with people who have the same mindsets as yourself to
create a mastermind alliance requisite for success this mastermind group will
allow you to share ideas and gain support for your current and future
endeavors book number two Rich Dad Poor Dad by Robert Kiyosaki if you search on
google for the best personal finance books Rich Dad Poor Dad will definitely
be one of them this book was published in 2002 and more than 32 million copies
have been sold with the book having been published in 40 languages across 40
countries in Rich Dad Poor Dad Robert Kiyosaki discusses the financial lessons
he learned from his two dads in an allegorical story format the Poor Dad is
Kiyosaki's biological father a college professor who believes that the route to
success is by getting a job that will earn you a steady income the Rich Dad is
the father Kiyosaki's best friend a successful entrepreneur who teaches
Robert key financial principles which I will now dive into further the core
concepts from the book include not only technical finance skills but also how to
cultivate a money mindset the author explains that in order to become rich
you must buy assets and limit your non cash generating liabilities when you
have enough asset generating income to cover your monthly expenses then you can
start your financially independent life moreover the author stresses the
importance of learning he says that you must master the fields of investing
accounting and financial markets through experience and education in order to
acquire the financial literacy you will need to become rich
the final technical skill that Kiyosaki explains is that it is not enough to
know how to manufacture products and deliver excellent services you also have
to be adept at selling beyond these technical skills the author explains
that while your technical skills are important in your quest to becoming rich
your mindset will make or break your dreams of becoming financially
independent he says that when you are afraid or live
in doubt you will never be able to fulfill your potential of attaining
financial independence additionally you have to actively seek opportunities
around you that you can explore to make your life better book number three
secrets of the millionaire mind by T Harv Eker in this classic novel on
financial success Harv Eker explains to the reader that economic success begins
with successful thinking the crux of this book is that you need to change
your psychological approach to finance and happiness to experience the monetary
success you desire according dekker everyone has a financial blueprint which
is an internal script that determines their approach to money
he believes that your financial blueprint is created gradually via your
exposure to financial knowledge from the people around you
Harv Eker summarizes the core principles of this book when he says if you want to
change the fruits you will first have to change the roots if you want to change
visible you must first change the invisible Eckler highlight some
extremely important points in this book when it comes to your financial
blueprint with the first being your tendency to replicate the income
strategies of those who grew up around he says that most people will adopt the
income strategies of their parents or family members which may not be suited
for becoming rich moreover the author stresses the fact that you must realize
that you are responsible for whatever happens to you in life hence you need to
deliberately channel your life the way you want it
eka explains that you absolutely should not be envious or despise the rich
people because if you do then you will struggle to replicate their success
finally Ecker leaves us readers with the reality that if you just want to be
comfortable then it is unlikely that you'll be rich and that your future rich
lifestyle resides outside of your comfort zone book number four the
richest man in Babylon by George s claisen in the Bible of financial
freedom as a book is often called George claisen shares his key financial
principles through simple storytelling the richest man in Babylon contains
crucial information for people who aim to obtain financial freedom the approach
of this book shows that the secrets and principles of financial success are the
same in history claisen did not try to impress anyone with mind-boggling ideas
in this book but presented the fundamental principles of financial
success in a simple way some of the key concepts from this book include the fact
that you must pay yourself first claisen harps the importance of paying
yourself first by setting aside at least 10% of your income for savings even when
you are paying off debt next he stresses the importance of living within your
means as spending more than you were and will hinder your ability to put money
aside for your future financial life claisen also shares the importance of
having multiple sources of income while having a main source of income from your
job is good he says that you should always be on the lookout for investment
opportunities where you can make your money work for you
finally the author explains that finding financial opportunities is a learnable
skill by educating yourself in mastering your technical skills you will start to
see new opportunities all around you which when taken advantage of will lead
you towards your future rich life book number five 10x rule by Grant Cardone in
this book Grant Cardone explains the importance of setting powerful goals the
10x rule implies that you should multiply your original goal by 10 and
follow it up by multiplying your effort by 10 as well I know it may sound like a
classic high sounding nonsense initially but the 10x rule is actually quite
practical besides any book teaching you to have high ambitions with commensurate
determination and hardware cannot be dismissed as wishful thinking Cardone
supports his position on creating massive goals by explaining in the book
that the satisfaction you get from achieving small goals is short-lived you
are much better off shooting for the stars as when you achieve them the
satisfaction will be much longer lived and definitely much more worthwhile
grant says that you should never be afraid of the challenges that come with
high targets well some of your largest goals may seem impossible or lofty at
best he stresses that you must stretch your thinking and increase your
commitment to achieving your goals no matter how daunting they may seem you
must be willing to put in the effort that is beat on what you think is needed
to achieve your goals the higher you set your goals the more
you have to rise to the occasion which of course you will if the goal means
enough to you in the 10x rule the author shares with us the sober truth that the
reason you're out whatever stage you are in your life is a result of two things
your mindset and your actions if you want to achieve more and grow your
wealth to new levels you must change how you see money and elevate the actions
you take on a day-to-day basis to hit your massive money goals book number six
the intelligent investor i Benjamin Graham we're about to
describe this book as one of the best financial books of all time but he may
be biased given that Graham was not only his professor but his personal mentor as
well in the book the Intelligent Investor the author shares evergreen
principles relating to financial success which has made the book a go-to resource
for teaching students about finance in this book the father of value investing
today great job selling the investing strategy of playing the long game to
generate steady returns he advocates that financial freedom is attainable
when you invest by neglecting the current market and investing in
companies with high intrinsic value a company with high intrinsic value is a
company that offers you a reasonable profit with a low accompanying risk
level some of the core principles that Graham shares in the book relate to the
risk reward trade-off when investing he says that you have to protect yourself
from losses as much as possible whenever you invest don't invest in deals where
you can only earn a short-term profit because it will cloud your thoughts and
increase your investment risk to unsustainable levels Graham stresses the
importance of being level-headed when investing he recommends that you don't
get sucked into offers that promise crazy profits because they are often
accompanied by high risk which makes them potential pitfalls that can ruin
your finances moreover he says that you need to be an independent investor and
ignore the actions of others many people invest due to their own fears and
anxiety which causes massive swings in the market but your sole indicator for
investing should be the intrinsic value of the stock with these investing
fundamentals mastered Graham ensures that you will have more investing
success than the majority of money market participants book number 7 the
4-hour workweek by Tim Ferriss the last but not the least important in a series
of books that will make you rich is Tim Ferriss is the 4-hour workweek first
learn from his own experience that there has to be a balance between work and
play there are benefits from working and there are also benefits you will enjoy
from playing and there are definitely ways to avoid having to make work take
up the majority of the 24 hours you have in the day Tim explains how you can
achieve a much reduced work week through the use of the deal formula first you
must define your goal in this life and estimate its costs in this stage you
will envision the fundamentals of your entirely new lifestyle then you will
start to eliminate in the elimination phase you decide what aspects of your
career if you want to maintain in which you can
do without this will allow you to not only craft what your new lifestyle will
look like but will give you an idea of how much your new lifestyle will cost
then you must automate for this part of the formula the author teaches you how
to generate cash flow to cover your living expenses and put your income on
autopilot by having your expenses covered on a monthly basis you will have
tons of free time which you can use to be with your family or as Tim recommends
travel the final element of the deal formula is the liberation once you have
your money situation handled the author recommends you start thinking about more
important things such as the purpose you have in life and the value you can bring
to others thanks for watching if you want to go from the life you have to the
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