This article presents the top books on making money that every budding entrepreneur ought to read before venturing into any money-making venture, even if it is just a simple online business
Many people desire the financial freedom that comes with making money. However, there are specific skills that anyone who wishes to learn how to earn money must-have.
In addition, there are proven best-sellers who have penned their thoughts and written books that offer guidance regarding how to make money. These books are popular, widely acclaimed, and easy to read.
Ideally, anyone with basic literacy should go through their content and learn simple but effective ways of turning your random business decisions into strategic ones that automatically propel you to new heights in your search for wealth.
As Ramit Seth puts it in his book I Will Teach You to Be Rich, which is also featured in this list, “There’s a limit to how much you can cut, but no limit to how much you can earn.” Read on to get a glimpse into what information these books will provide to you as an aspiring wealthy man.
I will Teach you to be Rich by Ramit Sethi
Ramit Sethi has given us a good book on the shelf for those seeking to learn how to make money. The best part about I will teach you to be rich is how it simplifies and breaks down a simple plan to become rich in six weeks. It is a guide that promises results within a short period.
The step-by-step guide to making better financial decisions is very actionable. It is one of those books that can deliver results within a short period if followed and applied correctly. The lessons are very applicable and relatable, and the book is helpful for people from all income brackets.
The book seeks to teach the reader how to reduce and ultimately deal with debt by practicing good credit card habits, with quotes such as “Spend extravagantly on the things you cherish, and cut costs mercilessly on those that you don’t.”
It also introduces the value of opening high yield bank accounts for savings with little or no spending required. In addition, it encourages the use of investment accounts.
The writer seeks to teach proper spending habits that ensure frugality while at the same time recognizing the need to live pretty comfortably.
A person who reads the book appreciates the need to use schedules as a way to spend responsibly. In addition, the book teaches complex ideas like the idea of having an index fund.
The Richest Man in Babylon by George Samuel Clason
One of the older ones in the list, The Richest Man in Babylon, teaches principles of financial discipline through a collection of ancient stories. The setting is ancient Babylon, and the short stories teach the seven principles of sound wealth creation and management.
The main lessons you can take from this book are:
- The importance of saving 10% of your wealth as a habit for your long-term good.
- The discipline to only spend necessarily. Our needs always increase, as does our wealth, so we must be cautious not to prioritize unnecessary things.
- Investment is a way of growing wealth, making it easier to let your “treasure” do the work.
- By avoiding the get-rich-quick schemes that can make you lose out on your hard-earned investment.
- The need to own a home as opposed to renting one. The fictional scribe advises that an owned home becomes an asset.
- By having some form of retirement benefit plan, which can be a pension.
- Self-development is a way of increasing human capital and placing one in a position to earn more money.
The Money Book for the Young, Fabulous & Broke by Suze Orman
The title and language of the books’ design are to appeal to a specific audience.
For example, people who are in their twenties and thirties can learn a lot from The Money Book for the Young, Fabulous, and Broke, which takes a very different approach than most books in this list.
The writer emphasizes the need to understand the credit score system. She makes a strong case for why this is the best way to improve it. The understanding of the system makes it easier to improve the score.
She makes a strong case for why a job you love might be a more rewarding venture than one that makes you the most money. In the long run, she adds, you’ll find the benefits of following your true passion. In the initial stages, she argues taking credit to sustain yourself until it is viable.
Her saving ideas are straightforward because contrary to completely denying yourself some luxuries, she advises clever tips to find cheaper alternatives. You do not have to choose between money or your life.
The book teaches the readers the investment options that max out the 401k. There are also lessons on the stock market.
She makes actual points that most young people today will have it hard in retirement years without a proper retirement plan. This wake-up call incentivizes wealth creation and investment like nothing else can.
Everyday Millionaires by Chris Hogan
The writer of Everyday Millionaires seeks to show how ordinary people broke the ceiling to become millionaires. It is a motivation for those who may feel disadvantaged, showing them that it does not take much to become a millionaire.
The book shows what happens in the mind and life of your typical Millionaire. The difference is their financial habits and commitment to making critical decisions. It debunks myths about how the rich get rich, including their risks and the supposed advantages.
It shows that anyone with a plan and proper decision-making can easily attain millionaire status. However, ordinary people without the supposed head start in life can be very intentional about their desire to create wealth and be out of debt.
Think and Grow Rich by Napoleon Hill
Another older book on the list, Think and Grow Rich, is a timeless classic that one must read if you desire to make money. Not only does it teach practical tips, but it also gets into the minds of rich people, showing by example the thought process necessary for anyone who also wants to make money.
The excellent book has culmination research of 25 years, with the author gathering the necessary data to bring it to life. It is tried and tested and has sold millions of copies worldwide with great success rates.
This book enumerates the place of thought and desire and how those two are crucial for any ultimate success. It requires its readers to develop faith in their goals and believe that one can achieve these goals. Thus, it successfully replaces self-doubt and pessimistic thoughts.
Finally, it shows the place of specialized knowledge as a means to success. The writer documents how most rich people became among the best in their respective fields. This, indeed, was the only way they were able to make a difference.
Prince Charming isn’t Coming by Barbara Stanny
The final among the books on the list is something different that is addressed to the ladies primarily. As the title suggests, Prince Charming isn’t Coming is a clarion call on women to become financially literate and independent.
The book does not necessarily suggest that prince charming is a man. It instead shows how many people, especially ladies, wait for the next big break before they can seek true financial freedom.
The writer addresses the need to not only have knowledge but also to use it accordingly. This is in helping the individuals to get their hands dirty and learn by experience, financial discipline.
This book has information that will revolutionize ladies who have either been resistant to learning about financial freedom or thought it was too difficult to venture. There is something to learn for everyone.
The Automatic Millionaire by David Bach
The fundamental idea behind this book is quite straightforward, “If you work 8 hours a day, you must invest in your personal development.”
It’s difficult to disagree with reasoning like that, especially in a world where people find themselves entrenched in work duties and forget their personal growth, which is the primary driver of success.
With quotes such as “You may alter the rules of the battlefield in your favor by flipping the game on its head,” this The automatic Millionaire presents an intriguing concept for prioritizing your expenditures.
Another significant aspect of this book is that financial ideas are made simple, even for those who are just getting started. As a result, automatic Millionaire is a good way to start learning about money if you’re a beginner.
Achieving financial independence requires you to find better ways of making more money.
To obtain your financial objectives as quickly as possible, surround yourself with the finest resources and books on how to make money.
Many well-curated books can shape your mind to know the priorities and focus on the objective that drives you towards ultimate financial success.