The last few weeks, I’ve been asked for some book recommendations about money, wealth, and investing, as well as which books I wish I’d read much earlier in my life; in my 20s or when I was starting out in my career.
I thought this was a great question, and one that should be talked about in this forum.
How to win friends and influence people – Dale Carnegie
In my mind, this book is almost like God’s word. A lot of times, I’ve read it. It’s important to read this book because, no matter what you do or what your background is, you’re going to need to work with people.
To be able to work with different personalities, to bring out the best in yourself and others, and to work with people’s strengths instead of their weaknesses is very important.
For myself, I tried to apply Carnegie’s principles in my daily life. At first, this was a conscious effort, but now it’s become more and more natural. Because it has come from the heart, it’s important that it’s come from someone who wants to change and see the world from a different angle.
The magic of thinking big – David J. Schwartz
Due to the way we were brought up or where we live, we often have small dreams. This book will help you grow as a person, so you can find new ways to do things in life. As a side note, I also learned about social situations in the last part of this book.
Since I was a child, I have always been an introvert and used to be very shy. In a party or group event, I would never be the first person to go up to someone and start talking. Instead, I would usually wait for someone to come up to me.
This book said that in these kinds of situations, the person who is most successful, important, or has the highest position in the room is usually the one who goes around and introduces himself or herself. This is because they are more likely to be confident. After I read this, I tried to make myself do the same thing. I quickly learned that it didn’t have to be so scary; everyone is just like me and wants to be talked to.
Think and grow rich – Napoleon Hill
There are a lot of great things in Napoleon Hill’s book about the power of the subconscious mind. It also has the success formula that Andrew Carnegie, the richest man in the world at the time, came up with. This is backed up by the author’s 20-odd years of studying the most successful people in America. These people include Henry Ford, Thomas Edison, J.P. Morgan, the President, and even movie stars of the time. They also made things like cars and electricity.
A lot of people don’t believe in themselves or have confidence in themselves, which stops them from achieving their goals or having the success they want to have. It’s something I often ask people: “Would it be more likely for you to do these 10 things if I could give you a government guarantee that if you did them, you would achieve your goal? If so, would you be more likely?”
Most people would say yes. If only life were that simple. There are no guarantees in life, so you tend to stay in the safe zone. You don’t believe in your own success.
Many successful people, including celebrities like Oprah Winfrey, say this book helped them start out on the right foot.
The richest man in Babylon – George Samuel Clason
This is a great book that teaches you how to manage your money and build wealth. People who want to be rich should read this book. It’s written in a way that’s easy to understand: as short “fables” or “parables.”
Rich dad, poor dad – Robert T. Kiyosaki
This is another great book about how to build wealth. It explains some important financial terms, like the difference between an asset and a liability. But at the end of the day, what it looks at and challenges is the idea that getting an education and then getting a good job is the only way to be financially successful. Instead, it looks at ways to be financially successful, like becoming more financially literate, investing, or becoming an entrepreneur.
When I first started working as a property investment strategist, I read this book. It helped me see how important it is to build wealth by investing in things, like property. I gave each of my customers a copy of this book back then as well.
21 irrefutable laws of leadership – John C Maxwell
I think this is by far the best book on how to be a good leader. When Jack Welch, who was the CEO of GE, said that before you become a leader, “success is all about growing your own self.” In order to be successful as a leader, you have to help other people grow. It helped me figure out which new skills I needed to learn as a leader and which parts of myself to work on. I read this book in my 40s.
The intelligent investor – Benjamin Graham
This is the first book I’ve read in a while. But I’ve been investing in real estate for more than 20 years, and I know that Warren Buffet learned a lot from this book. I thought I should read it, too.
This book gives people a good idea of how investing in stocks works, and in particular the concept of “value investing.” For example, you need to know about different types of investors, how the market changes, and how to figure out what a company or product is worth. You should never follow the crowd but buy the right company at the right price. Easy to understand and follow:
Success through a positive mental attitude – Napoleon Hill and W. Clement Stone
I was lucky to grow up in a positive environment, so I always looked at life in a positive way from the start. This book, on the other hand, made it clear to me that the only way to live life is to have a good attitude. A lot of people think that being “positive” means being “surface-level positive.” To be truly positive, you have to look for the root of a problem and come up with a way to fix it, not just complain about the problem itself. As they say, it doesn’t matter what happens, but how you react that makes all the difference!