What would you say if I said that there were books that could teach one not only how to make and manage wealth, but also how to be wealthy? In this article, we have collected these best books on wealth you can read and learn a lot from them.
Why you should read books on wealth?
The purpose of reading books on wealth is to learn about the various aspects of becoming wealthy and what you should do to increase your chances of acquiring wealth. One way to improve your chances is to read books on wealth.
These best books on wealth can help you acquire skills, knowledge, tools, strategies, and techniques that will make it easier for you to become wealthy. Reading books on wealth also helps you avoid pitfalls such as making financial mistakes and misunderstandings.
Here is our list of the best books on wealth that you can read in 2022:
The Millionaire Next Door By Dr. Thomas J. Stanley
The Millionaire Next Door analyzes the financial situation of typical American millionaires and discusses the factors that contribute to their wealth. The book asserts that most millionaires are not highly paid professionals or business owners, but instead have a high income from a job. Furthermore, the book states that many millionaires live in average neighborhoods and drive relatively modest vehicles while living a frugal lifestyle.
The premise of the book is that most millionaires do not fit the popular image of a wealthy person as an older, pre-retired person living in some kind of luxury. Instead, they tend to be younger and less formally educated than those who have not attained millionaire status. The book explores the various causes for this disparity, including frugality, work ethic, heredity, and luck.
Rich Dad Poor Dad By Robert Kiyosaki
The book Rich Dad Poor Dad by Robert Kiyosaki is an explanation about the difference in upbringing between his rich dad and his poor dad. His rich dad was a savvy businessman who advocated financial freedom, whereas his poor dad was a schoolteacher who only wanted the best for him. His poor dad’s plan was to have a solid government job and ensure that he would live comfortably.
In his book, Robert Kiyosaki advocates for the idea of getting rid of the traditional way of thinking about money and instead adopting a positive entrepreneurial mindset.
He talks about how important it is to have a good mindset going into entrepreneurship because it’s easy for people to give up when they’re facing a lot of challenges. A couple of themes throughout the book are that actual knowledge is more valuable than formal education and that work smarter not harder is very important.
You can read a more detailed summary of Rich Dad, Poor Dad here.
The Science of Getting Rich by by Wallace D. Wattles
The Science of Getting Rich is a book written by Wallace D. Wattles. The book was first published in 1910 and is based on a set of lectures that Wattles gave during the early 1900s.
The book focuses on the idea that one can become wealthy through transforming thought to action, and teaches people how to reprogram their mind for wealth. In the book, Wattles introduces believers to an idea he calls “The Law of Attraction” which says that “like attracts like.
The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness
In The Psychology of Money: award-winning author Morgan Housel offers 19 short stories that offer a glimpse of the secret processes human beings go through when it comes to spending money, and teaches you how to interpret your own attitudes toward money.
The Psychology of Money paints a compelling portrait of what people think of money, how they behave when they get it, and what they do with it. We all know that money has many psychological dimensions, but this book reveals just how deep the psychological dimension runs. Understanding these dimensions is essential for successfully managing your personal or organizational financial life.
This book provides an in-depth analysis of how money affects individuals psychologically.
I Will Teach You to Be Rich By Ramit Sethi
The I Will Teach You to Be Rich by Ramit Sethi is a self-help book on personal finance. Ramit has been featured on major media outlets such as NPR and Business Insider, and teaches people how to manage their finances in life. He offers simple, step-by-step solutions for those who want to become financially independent.
In the introduction, he admits that “you won’t find any secrets or get-rich-quick schemes”. Instead, he teaches his readers about various ways to make more money from their current sources of income and reduce their expenses. He also covers topics such as investing and buying stocks, which many people know little about.
You can read a full summary for free here: I Will Teach You to Be Rich Summary
The Millionaire Fastlane by MJ DeMarco
The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime! is a book that offers an alternative route to becoming wealthy. The book argues that most people are pursuing the wrong path in life because they are trying to get rich slowly.
The author instead suggests readers pursue what he calls “rags to riches” by focusing on making money for themselves through passive income while avoiding expenses.
Follow the steps outlined in this book to achieve financial freedom and prosperity, while also maintaining a healthy lifestyle.
MONEY Master the Game: 7 Simple Steps to Financial Freedom
The book MONEY Master the Game is a book written by Tony Robbins. This book helps readers become economically literate, with topics including insurance, investing, taxes, retirement, mortgages, credit cards, etc. Tony Robbins, utilizing interviews with many of the most legendary investors today, created a comprehensive blueprint to secure financial freedom.
The author uses his own experiences to provide readers with an outline for success in these areas. It presents a step-by-step process of changing your mindset in order to be successful in life. The author’s goal is to show you how to better manage your personal finance while also providing you with practical tools that will help you achieve your goals.
Think and Grow Rich By Napoleon Hill
Napoleon Hill’s Think and Grow Rich is a book in which he shares his essential theory is that an individual’s thought processes have a direct impact on their ability to not just survive, but thrive.
He explains that people have unlimited potential and the only thing stopping them from achieving their full potential is the thoughts they think. In order to become wealthy, individuals must change the way they think.
It also provides 12 principles for achieving this success, aiming to help the reader achieve his own wealth. The summary outlines the importance of applying creativity and persistence to accessing your subconscious power “within”. The book uses these keys to provide a framework for understanding the law of attraction and its application in one’s life.
You can read a more detailed summary of the book here: Summary of Think and Grow Rich
The Intelligent Investor – The Definitive Book on Value Investing
The Intelligent Investor is a well-known and respected book by Benjamin Graham, who was the mentor of Warren Buffet. The book provides in-depth information on the basics of investing and how to make wise decisions when making investments.
It discusses fundamental analysis and time-tested rules for sound investing, such as never paying too much for stocks or buying them too quickly.
You can read a more detailed summary of the book here: Summary of Intelligent Investor
The Richest Man in Babylon by George S. Clason
The Richest Man in Babylon is a financial self-help book written by George S. Clason and first published in 1926, and it details the narrator’s journey through Babylon as he recalls “The Richest Man” telling him three lessons on how to build wealth.
The book is divided into eight sections that detail these three lessons: 1) “Lesson One: Think! 2) Lesson Two: Gather! 3) Lesson Three: Keep!
The Richest Man in Babylon is a book on wealth that can be read in less than an hour. The story revolves around a fictional Babylonian who in a series of talks with a stranger in the famous city, learns about wealth and its traditional building blocks. These conversations revolve around key aspects of finance such as budgeting, saving, and so on.
Summary – Best Books on building wealth
I hope you liked our list of the best books on wealth.
Do you think we have missed one? Let us know in the comments below.