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5 must-read personal financial books to make you a multi-millionaire


Imagine, you can read only 5 whole books for the rest of your life, but these books have to make you a multi-millionaire. The question would be: which 5 books should you read?

Think and grow rich

First Published in 1937 by Napoleon Hill, this book has sold over 70 million copies worldwide. “Clarity is power”. When your brain knows a real number, your conscious mind will find a way to take you there”.

Hill spent the majority of his life studying successful people and their habits and urges us to think riches in our thoughts in order to see riches in our bank account.

Let's look at the 2 main lessons from this books

Lesson: 1 Use auto-suggestion to build your belief

The key trait of all successful people is this incredible belief they have about themselves and their goals. By telling yourself over and over and over again, that it is possible for you to achieve your goals, making your dream a reality is when you start to form these beliefs in your subconscious mind.

This builds not only confidence but also lets your goals seep into the subconscious part of your brain until you automatically align all of your actions that lead you towards your goals.

Lesson: 2 Always stick to your decisions

When Henry Ford decided the Model T would be his masterpiece, he knew this would be the one. In spite of people telling him to give up. change the model, come up with a new model, again and again, he stood with his decision. And then what happened?

The first model was produced in August 1908 and sold over 15 million units worldwide till 1927 – 19 years later.

Opinions are cheap. Everyone has one, and it's your decision to keep them or throw them away.

You can buy the book by clicking here.

Rich Dad Poor Dad

First Published in 1997 by Robert T Kiyosaki, this book has sold over 32 million copies worldwide, 40 languages across 40 countries. This is one of the best personal finance books you can read.

The book starts off as Robert growing up with their own Dad whom he calls poor Dad and with his friend's dad whom he calls Rich Dad.

He compares the two on financial terms and tries to learn good advice from both.

Poor Dad is focused majorly on liabilities, loans, debts while Rich Dad focuses on assets to build up his empire. He clearly defines the difference between assets and liabilities with brilliant examples. An asset puts money in your pocket. A liability takes money out of your pocket. My poor dad said, ”I can’t afford it”. My rich dad asked, “How can I afford it”. The book showcases 4 cashflow quadrants. Our lives are so much controlled by fear and greed, people say, ‘Oh, I’m not interested in money.’ Yet they’ll work at a job for eight hours a day.” And Kiyosaki made an acronym for the job: ‘Just Over Broke.’

“There is a difference between being poor and being broke. The broke is temporary. Poor is eternal.” “A person can be highly educated, professionally successful, and financially illiterate.”

The rich buy assets. The poor have expenses. The middle class buys liabilities they think are assets, take, for example, a new car loses nearly 25 percent of the price you pay the moment you drive it off the lot.

“Keep expenses low, reduce liabilities, and diligently build a base of solid assets.” “For most people, the reason they don’t win financially is that the pain of losing money is far greater than the joy of being rich.”

You can buy the book by clicking here.

The compound effect

First published in 2010 by Darren Hardy, this is the New York Times and Wall Street Journal bestseller

The book mainly focuses on how making small choices alone can impact your life explaining the wonder of compounding.

Would you prefer to receive a one-time payment of 10 Lakh rupees or a magical 1 paisa coin that doubles in value for the next 31 days?

For the people who choose 1 paisa, at the end of 31 days, you will be sitting with 1 Cr rupees. This teaches us the power of compounding and the need to start investing early in life. The earlier you start, the greater the time you stay invested, more the compound effect works in your favor.

As I write this, Warren Buffet’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday.

Another great idea is the “garbage in garbage out” which tells about the negative things we take in and how our life turns to be negatively out. Don't waste your time watching TV, eating junk, reading useless stuff, consuming negative stories, and more.

There is a difference between learning and studying. Learning leads to knowledge. Studying a topic means you are invested in it and try it out. The world already has tons of knowledge. You don't need to learn more. What you need is to study, practice, and take action on the knowledge you have.