Learning is the beginning of wealth. Learning is the beginning of health. Learning is the beginning of spirituality. Searching and learning is where the miracle process all begins- Jim Rohn
To build wealth, you need to learn wealth-building skills.
The best way to learn a skill is first to study the skill and then practice it until you become masterful at it.
Best-selling author and master copywriter Bob Bly says the best way to become competent at a skill is to… spend 50% studying…and 50% practicing the skill.
The first part of learning about wealth is reading what successful wealth-builders have written about wealth.
On the other hand, you can also read bestselling books on the topic.
The reason I recommend you read bestsellers on wealth-building topics is that the ideas in these books resonate with readers that are interested in building wealth…getting out of debt, and achieving financial independence.
Here are my top 10 wealth building books that I recommend you read:
1. Think and Grow Rich by Napoleon Hill
Considered an all-time classic in self-development, this book is a study in success.
After 20 years of interviews and studies of the most successful individuals, the author wrote the book.
Andrew Carnegie, one of the wealthiest men in the world instructed Hill to write Think and Grow Rich
2. The Richest Man in Babylon by George Clason
This book dispenses financial advice through a collection of parables from ancient Babylon.
You’ll learn lessons in financial wisdom from reading The Richest Man in Babylon.
3. Science of Getting Rich by Wallace D Wattle
This book guides you on getting wealthy by the law of attraction.
The main idea of this book is that getting rich results from doing things in a certain way.
In other words, the Science of Getting Rich
4. Rich Dad Poor Dad by Robert Kiyosaki
The author explores the relationship between my philosophy and money.
The main lesson from this book is how you think has a massive impact on your future wealth.
Kiyosaki does a beautiful job of relating how our thinking affects our future wealth with the stories of two dads.
That is why he called the book Rich Dad Poor Dad
5. Cash Flow Quadrant by Robert Kiyosaki
This is the sequel to the Rich dad poor dad book.
In this book, the author explains in detail the importance of your role in the world of business.
He talks about the concept of the cash flow quadrant. This means four types of people make up the business world.
The first two types of people ( employees and self-employed) are less likely to build wealth.
The second type of individuals ( business owners and investors) are most likely to build wealth because they have more assets than liabilities.
Rich Dad’s Cashflow Quadrant
6. Secrets of the Millionaire Mind: Mastering the Inner Game Of Wealth by T Harv Eker
This book is a classic because it explores why some individuals get wealthy effortlessly.
And another individual struggle financially.
Harv Eker points out that the key to building wealth is to change your money blueprint.
The author believes that your childhood and environment greatly influence your attitude towards money.
To create wealth and maintain it you need to learn to Master the Inner Game of Wealth.
7. Ready, Fire, Aim Zero to $100 Million in No Time Fast by Michael Masterson
This book helps you to understand the fundamental concept of starting a business.
The author shares his knowledge of starting and expanding over 12 businesses in the last 30 years.
I like this book because the author is a businessman who practices what he preaches.
One big lesson I learned from this book: learn to take action even when all the conditions are not perfect for starting a venture. In other words, Ready, Fire, Aim.
8. Automatic Wealth: The Six Steps to Financial Independence by Michael Masterson
This is one of the few books on financial independence that gives you a common sense approach to creating wealth.
The author gives a down-to-earth explanation of how to develop wealth building skills.
He uses real-life stories to relate how to make wise investing decisions. I found some of the chapters on direct marketing confusing.
I will recommend you pace yourself when you are reading this book so you can understand The Steps to Financial Independence.
9. Seven Years to Seven Figure: The Fast-Track Plan to Becoming a Millionaire by Michael Masterson
This is a very good read if you want to build wealth quickly. The author draws on his personal experience and those of his proteges.
Michael Masterson reveals the steps you can pursue to accumulate a seven-figure wealth in seven years.
The book is packed with tons of tools you can use to increase your income, save wisely and secure your future wealth.
I have read this book many times because it is… the fast-track plan to becoming a millionaire.
10. The One Minute Millionaire by Robert Allen and Jack Canfield
This book is an inspirational book written as well as a practical lesson in creating wealth from the bestselling co-author of Chicken Soup for the Soul Jack Canfield and wealth coach Robert Allen
The book has two sides to it which makes it an exciting read. The book offers inspiring, practical advice on building true wealth.
You will find The One Minute Millionaire
The ideas in these books are the fundamentals you need for wealth building.
The main themes covered include:
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- Developing a millionaire mind
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- Developing a wealthy mindset
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- Delayed gratification
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- Savings and investing
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- Goal setting
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- Taking action
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- Business and entrepreneurship
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- Real estate investing
Most of the books are easy to read …but the older books: Think and grow rich by Napoleon. …And the science of getting rich by Wallace D wattles is harder to read.
However, when you read them slowly or get the abridged versions…you can quickly grasp the ideas in them.
The ideas in my top ten wealth building books have helped me develop wealth building skills.
You may not relate to all the ideas in these books… however, you may still find one or two valuable ideas that may help you on your path to financial independence.
Overall I will score these top ten classic wealth-building books 4 out of 5.