What if you’re a dedicated individual with a strong desire to succeed but have no idea where to begin? If you’re serious about making money, I recommend that you spend some time reading some of the top books on the subject. People who have gone through the same experience as you can be a great source of inspiration.
However, no matter how good a book is, it will never be able to teach you everything you need to know. As of today, I’ve chosen to compile a list of books you should read immediately to begin the ball moving.
Best Books on Making Money
You’ll find a wide range of topics covered here, such as how-to guides for starting a business, how-to guides for making money online, and more. To get the most out of your financial education, it’s best to study a wide selection of books!
How to Win Friends and Influence People – Dale Carnegie
Is this a good thing? We’re here to make money, not make friends, right? This timeless classic shows that you can do both at the same time. Dale Carnegie discovered a way to make this financial book into a series of life teachings rather than simply another boring financial book.
He drew on various historical figures to demonstrate how being nice can go a long way, so inspiring all of his readers to adopt a new way of thinking that emphasizes giving rather than getting. Make the effort to read this book, because it may provide you a new perspective that you hadn’t previously considered.
Despite the fact that being nice has no negative connotations, I feel that this book takes an overly simplistic approach to resolving issues in one’s personal and professional life. In the end, the harsh truth of the world will swoop in and bring you down if you adopt all of the ideas in this magazine. It’s a great book for young people who are trying to figure out who they are, and it’s also a good read for those of us who are getting a little rusty.
The 7 Habits of Highly Effective People – Stephen Covey
After reading some of the reviews, I decided to give this book a chance and was surprised by how much I enjoyed it. It’s a classic for a reason, I believe, after reading it. Aspiration and a plan to achieve it are encouraged, but they must be practical. Having a clear vision of where you want to go will guide your activities, and by always trying to find a solution that benefits both parties, you will develop the ability to learn from the challenges you face along the way.
The bad: Despite my best efforts to view this title objectively, I couldn’t help but find something to criticize about it. Every other page is full with clichés, and the seven behaviors listed here are nothing special when seen from the perspective of a critical thinker. However, despite its limitations, I truly like the book, as it contained a number of useful business techniques that I still use today.
Rich Dad Poor Dad – Robert Kiyosaki
The good news is that you don’t have to worry about how much money you have or how many expensive boats and automobiles you own. To become affluent, the first thing you’ll need to do is amass a sizable fortune.
That’s what Robert Kiyosaki talked about in this book a few years ago, and the situation hasn’t really improved much since then. If you’re a young entrepreneur, you’ll benefit greatly from this book’s financial advice, even if it’s considered “basic information.” I can tell you that it’s going to excite every motivated person who wants to make money.
The drawback is that you shouldn’t just blindly follow whatever you read. How do you explain it? There are some helpful recommendations here, however the author was declared bankrupt in 2012, thus there is a significant amount of dubious advice as well. Is this really going to help his cause?
The Richest Man In Babylon – George S. Clason
The good: This book wonderfully highlights the concept that you don’t have to be greedy to be successful in business. Furthermore, establishing a solid financial foundation does not necessitate a large initial investment.
However, you must begin somewhere, and this publication serves as a good starting point. You can reach the peak of the mountain if you’re wise with your investments and know how to conserve money without spending it all. Getting back to the basics is the best way to learn.
The bad: Despite the fact that this book has a lot of fantastic lessons, concepts, and experiences, I had the impression that it didn’t end on a particularly high note. To be honest, I really liked this book. However, the conclusion left me feeling a little unsatisfied.
A Random Walk Down Wall Street – Burton G. Malkiel
The good: This book has a lot going for it besides a great title. Inexperienced or younger people can use it to learn about the stock market’s tiniest details and gain an understanding of how things work in practice. When it comes to investing, the richest guy in Babylon is intended mostly for the average person, who is taught that they should not be distracted by what the big players are doing.
Bonds and other investment methods from the past can reveal what works and what doesn’t, allowing investors to make better decisions. The drawback is that, despite being aimed at beginners, it may be frustratingly difficult to understand at times. There are some chapters that are difficult for the average Joe to comprehend, but I’m not saying you need to be an expert to understand it. It’d make a great second or third book, but not necessarily the first one you’d want to read.
The 4-hour Workweek – Timothy Ferriss
What if you want to build riches, but you’re a total novice? The only way to succeed is to put in twice as much effort as anyone else you know. Does that sound a little rough? GET OVER IT. There are four sections to this article, and I’ll quickly go over each one to give you an understanding of what I mean. The letter D is an abbreviation for “definition.” Helping people find their purpose and recognize that they must stand up for themselves is the primary focus of this section. Nobody else is going to.
“E” denotes the removal of something. Many time management ideas that can be quite beneficial. If the truth be known, there are a number of publications devoted solely to this topic.
A – Is an acronym for automation. It emphasizes the value of relying on others and the benefits that can accrue as a result.
In this case, the letter L stands for liberty. The author advises you to focus on the fundamentals, rather than cramming as much knowledge into your head as possible. This will keep you focused and avoid overloading you with needless information. The bad: I wasn’t a fan of the author’s manner of writing. It’s also a little dated at times, in my opinion. It turns out that this book, like most “universally applicable” ones, isn’t as universal as stated.
Your Money or Your Life – Vicki Robin
The good: This is a great book if you like to learn from other people’s mistakes. The author not only provides a wealth of information, but she also backs up her arguments with numerous instances.
As a bonus, here you’ll find the best strategy for keeping tabs on your expenditures. Although saving money is obviously an important part of this guide, the author also emphasized the importance of investing in a brighter future as well as how to avoid feeling like you have to scrape pennies at every turn.
The bad: On various occasions, you can tell that the author is on a “my way or the highway” frame of thought. As a general rule, I dislike messages like this because there are usually other approaches to achieving the same end result. However, I do not believe that investing in bonds is the best strategy for every situation. That was my point.
The Automatic Millionaire – David Bach
This publication’s foundation is simple, which is why it works so well. If you work 8 hours a day, you should make time for personal development. It’s hard to disagree with that reasoning. This book contains everything a new investor needs to get started on the path to financial freedom. Paying yourself first makes sense since every guy is the center of his own universe.
In order to win, you must flip the game. Overall, this book presents a useful concept on how to prioritize your expenditures, and it does so in plain English so that anyone can comprehend it. Because this is one of my personal favorites and I have read it a few times, it’s difficult for me to find anything negative to say about this book. As far as I can tell, the information presented here is geared more toward novices than people who have some experience with automation. In my opinion, this is a must-read for each prospective entrepreneur, and not just the first time!
12 Months to $1 Million – Ryan Moran
In terms of content, this is an excellent resource for anyone interested in learning how to generate money on the Internet. You can develop a 7-figure online business in as little as a year with the help of this get-rich book. Creating a profitable FBA brand on Amazon is the primary emphasis of 12 Months to $1 Million. Learn how to market your business, how to choose things to offer, and how to grow it over time.
Unrealistic expectations of making $1 million in your first year of running a web-based business are common in self-help publications. That being said, the book does spend a lot of time stressing how difficult it is to achieve six-figure success as an entrepreneur. Practical counsel is interspersed with more “fluffy” personal stories.
The Greatest Salesman in the World – Og Mandino
You don’t even have to be a salesperson to understand this book’s message, which is universally applicable. This does not have to be a work-related activity at all. I’m fairly positive that some of your personal relationships will improve as a result of reading The Greatest Salesman in the World. A little boy named Hafid sets out to become the world’s greatest salesman in this engaging novel, which is beautifully written.
It’s impossible to have all the scrolls at once, but by persisting in your endeavors, you’ll eventually amass an impressive amount of knowledge, just as you would in life. If you live your life according to the instructions found in this book, you’ll undoubtedly develop good habits that will serve you well in the future.
The bad: While some have criticized this book for being too religious, the lesson it conveys is much broader than that. It’s better to avoid it, however, if you’re sensitive to novels that seem religious in nature.
The Millionaire Fastlane – MJ DeMarco
The good: This book does an excellent job of debunking some long-held beliefs about business practices instead than trying to establish the perfect formula for success. More than anything, it draws attention to your lapses in judgment and alters your entire frame of reference. It’s blunt and to the point, with no sugarcoating or pleasant introductions.
Do not, however, mistakenly believe that it is merely criticism, with no attempt to suggest a remedy. The author will lay out a strategy for you to follow, along with an explanation of the difficulties you will face along the way. Warning: the answer will shock you!
Still, if you’re not afraid of the dark, this book is a must-read for you. However, despite the fact that it critiques every existing method, it expects its ideal scenario to operate in every single circumstance. Now, I’m not saying this to dismiss it since there are some gems hidden inside, but it’s not nearly as effective at generating a specific plan of action as it is at finding holes in your current one.