Becoming a millionaire may seem like an impossible goal, but it's not necessarily unattainable. From 2018 to 2019, 675,000 new people became millionaires in the US, and this increase in the millionaire population is expected to continue for at least the next five years. Do you want to increase your earning potential and join the latest crop of future millionaires? We have compiled and organized by the highest ratings 25 books on becoming a millionaire to guide you on your path to financial success.
As you read through this list of books, you will put your millionaire mindset to work by making wise movements of money; B. Contribute to monthly savings and budget your living expenses.
1. "The Easy Road to Wealth" by J. L. Collins
Goodreads Rating: 4.47 / 5 | Audible rating: 4.8 stars
"The Simple Path to Wealth" tops our top rated list and provides a clear path to achieving financial independence. Collins claims that money is "the single most powerful tool" and shows you exactly how to use it to grow your wealth. Goodreads and Amazon reviewers alike praise the book as an accessible guide to investing and portfolio creation with clear insights into how to manage debt, investing, and your mindset.
2. "The Millionaire Fastlane" by M.J. DeMarco
Goodreads Rating: 4.36 / 5 | Audible rating: 4.5 stars
In second place on this list, the author M.J. DeMarco between living in the Slowlane (on the mainstream path to potential wealth for the elderly) and living in the Fastlane (the alternative path to extraordinary wealth). As a self-made millionaire, DeMarco advocates that the key to wealth creation is to identify a need and offer a solution. This is good read for problem solvers and business owners alike.
3. Taylor Larimore, Michael LeBoeuf and Mel Lindauer
Goodreads Rating: 4.30 / 5 | Audible rating: 4.5 stars
This prestigious, hands-on guide to investing advocates the philosophy of business tycoon and Vanguard founder John "Jack" Bogle. In the introduction, the authors state that it is their job to educate others about the best way to get long-term returns on their investments. Learn to be a boglehead by focusing on growing your wealth over time and achieving financial wellbeing.
4. "The Richest Man in Babylon" by George S. Clason
Goodreads Rating: 4.26 / 5 | Audible rating: 4.5 stars
Known as a classic work on financial planning and personal wealth, this book uses Babylonian parables to convey financial wisdom. It offers lessons in the basics like saving some of your income, living within your means, and making your money for you.
5. "The Intelligent Investor" by Benjamin Graham
Goodreads Rating: 4.23 / 5 | Audible rating: 4.5 stars
Learn the philosophy of "Value Investing" from renowned investment advisor Benjamin Graham. As a staple in the stock market, this book breaks down the facade of Wall Street and describes long-term strategies that can help you get the results you want from your investments. Originally published in 1949, this text is still relevant today and is even recommended by Warren Buffett.
6. How to Make Friends and Influence People, by Dale Carnegie
Goodreads Rating: 4.21 / 5 | Audible rating: 4.5 stars
Dale Carnegie's best-selling first book, while not so much a personal finance resource, offers advice for people hoping for success in life and in business. It describes different ways that you can get people to like you, get people to think about how you think, and how they can influence others without creating negative feelings.
7. "Conscious Business" by Fred Kofman
Goodreads Rating: 4.21 / 5 | Audible rating: 4.5 stars
Recommended by Sheryl Sandberg, COO of Facebook, in an interview with the New York Times, Conscious Business advocates that you pay more attention to all aspects of your work. It challenges you to spot barriers, identify your team's needs, and engage in good communication and decision-making. The book also has a spiritual element that examines who you are and what your purpose is in bringing that awareness to the surface.
8. "Secrets of the Millionaire Spirit" by T. Harv Eker
Goodreads Rating: 4.20 / 5 | Audible rating: 5 stars
"Secrets of the Millionaire Mind" establishes the connection between the pursuit of wealth and actual wealth. It's broken into two parts, with the first part focusing on identifying and resetting your money plan, while the second part provides insight into the thoughts and behaviors of the rich. The book advocates that some people aren't pre-wired for financial success, but if you change your monetary plan and start thinking like the rich do, you can rewire yourself to be rich too.
9. "The Millionaire Mind" by Thomas J. Stanley
Goodreads Rating: 4.20 / 5 | Audible rating: 4.5 stars
A distinctly different book than number eight, "The Millionaire Mind" by Thomas J. Stanley, surveys over 1,000 millionaires for more insight into the lives of the ultra-rich. Stanley identifies common success factors for millionaires such as living frugally and taking financial risks. In addition, millionaires find more success in both work and marriage. So if you apply their mindset to your life, you can be successful in all aspects.
10. "Think and Grow Rich" by Napoleon Hill
Goodreads Rating: 4.17 / 5 | Audible rating: 4.5 stars
Originally published in 1937, this motivational book takes inspiration from business tycoons like Henry Ford and King Gillette to reveal the secrets of financial success. Hill claims that these secrets created wealth over many years and can bring you happiness if you are ready and know what you want.
11. "Think, Fast and Slow" by Daniel Kahneman
Goodreads Rating: 4.16 / 5 | Audible rating: 4.5 stars
In this book, the Nobel Prize-winning cognitive psychologist Daniel Kahneman offers insights into the systems of logical and emotional thinking. It highlights the cognitive biases that affect how we play the stock market or perceive risks in our lives. When we understand both of our systems of thought, we can make better decisions about our personal and professional lives and prevent the negative effects of our prejudices.
12. "I will teach you to be rich" by Ramit Sethi
Goodreads Rating: 4.12 / 5 | Audible rating: 4.5 stars
If you need a step-by-step guide on how to get rich, Forbes proclaimed “wealth wizard” Ramit Sethi has you covered. His book describes a six-week program of saving more, paying off debts, and negotiating your finances while spending your hard-earned money.
13. "How to Be a No Limit Person" by Wayne W. Dyer
Goodreads Rating: 4.11 / 5 | Audible rating: 4.8 stars
In this motivational resource, Dr. Wayne Dyer on how to control the way you deal with problems and people. As an advocate and self-help advisor, he instructs you to think about the origins of your feelings in order to deal with them in an action-oriented and positive manner. Sara Blakely, founder of SPANX and first self-made billionaire, credits the audio version of this book for her success.
14. "How To Get Rich" by J. Paul Getty
Goodreads Rating: 4.09 / 5 | Acoustic rating: N / A
When you're receiving advice on how to get rich, you'll want to hear from someone who has the credibility of proven financial success. J. Paul Getty was named the richest private person in the world in the “Guinness Book of Records” in 1966 and is definitely an authority in this field. In his book, he shares the blueprint for making his billions and his philosophy behind making riches.
15. "Your Money or Your Life" by Vicki Robin
Goodreads Rating: 4.05 / 5 | Audible rating: 4.5 stars
There is a difference between a living and a meaningful life. Author Vicki Robin offers a nine-step program that will help you change the way you manage your money and live more consciously. Robin advocates that money should be saved through good habits and mindfulness and that one can live for less well. Not only will this book change your relationship with money, but as Oprah Winfrey says, "It can really change your life."
16. "The Millionaire Next Door" by Thomas J. Stanley and William D. Danko
Goodreads Rating: 4.04 / 5 | Audible rating: 4.5 stars
Thomas J. Stanley and William D. Danko reveal the surprising qualities shared by the richest Americans in this book. Learn important lessons from the lives of the rich, how to spend time and resources efficiently, live below your means, and above all appreciate financial freedom and self-sufficiency. Using these lessons, you can become an "amazing accumulator of wealth" instead of a "sub-accumulator of wealth".
17. "Built to Last" by James C. Collins and Jerry I. Porras
Goodreads Rating: 4.02 / 5 | Audible rating: 4.5 stars
For those interested in accumulating wealth in business, find out what sets great companies like Disney and Hewlett-Packard apart. Collins and Porras reveal the qualities of “visionary companies” and create a framework for the design of successful organizations. Whether you're an entrepreneur or working your way up the corporate ladder, these concepts apply to any business.
18. "MONEY Master the Game" by Tony Robbins
Goodreads Rating: 3.97 / 5 | Audible rating: 4.5 stars
After researching and interviews with financial experts and legends (think Steve Forbes and Warren Buffett), Tony Robbins came up with a seven-step plan to help you and your family achieve financial freedom. Robbins is committed to serving readers of all income levels and providing actionable advice on managing money and making important financial decisions.
19. "How Rich People Think" by Steve Siebold
Goodreads Rating: 3.96 / 5 | Acoustic rating: N / A
Have you ever wondered how rich people think? Steve Siebold interviewed hundreds of millionaires to find out and shared his findings with ordinary people. He reveals the secrets behind the millionaire mindset and wants you to study them like a science. If you have studied it yourself, copy it and get rich!
20. "Lean In" by Sheryl Sandberg
Goodreads Rating: 3.95 / 5 | Audible rating: 4.5 stars
"Lean In" is Sheryl Sandberg's bestseller about women and leadership. Sandberg is committed to helping women be confident and make small changes that will allow them the promotion, elevation, and equal pay they deserve. This book is recommended by Mark Zuckerberg, a colleague on the Facebook C-suite, and Richard Branson, a business tycoon.
21. "The Automatic Millionaire" by David Bach
Goodreads Rating: 3.94 / 5 | Audible rating: 4.5 stars
David Bach uses the story of the average American couple to illustrate that you don't need a high income to get rich. Bach advocates that you should always pay yourself first, and that automating your finances will pay you in the future. He says it only takes an hour to set up the system and you only have to do it once (because) the rest is automatic!
22. "Start Small Finish Big" by Fred DeLuca
Goodreads Rating: 3.92 / 5 | Acoustic rating: N / A
Subway founder Fred DeLuca tells the story of how the small sandwich shop he started with a $ 1,000 loan turned into a $ 3 billion franchise with stores in 60 countries. DeLuca provides business advice to itself and other entrepreneurs for every step of the process, from starting with your idea to continuously improving your business. It's especially enlightening for those starting a business with limited capital.
23. "Everyday Millionaires" by Chris Hogan
Goodreads Rating: 3.86 / 5 | Audible rating: 4.5 stars
Chris Hogan shows how everyday people grew their wealth without much inheritance. By researching 10,000 American millionaires, Hogan shows that building wealth regardless of income or status is indeed achievable. He concludes that dedication and a lot of hard work can help you become a millionaire.
24. "Business Adventures" by John Brooks
Goodreads Rating: 3.82 / 5 | Audible rating: 4 stars
If Bill Gates thinks this is the best business book he has ever read, better read it and take notes. Brooks tells the failure and success stories of twelve Wall Street companies and provides access to the pros and cons of corporate finances. Read this book to learn valuable lessons about corporate volatility.
25. "Profiting from the American Dream" by Paul Terhorst
Goodreads Rating: 3.79 / 5 | Acoustic rating: N / A
There are many versions of the American dream, and being financially independent and retiring early is definitely one of them. Paul Terhorst shows you how to make that dream come true with a five year plan to retire with significant savings while overcoming psychological and financial hurdles. This is on the list of billionaire Mark Cuban's books that shaped him.
After hearing from financial professionals and millionaires alike on personal finance, business and lifestyle advice, you can start managing your money using the Mint app today. One day, you might be the next millionaire to inspire others to take control of their finances and build their wealth too.
Swell: Global Wealth Report 2020 | Forbes 1 | Entrepreneur 1 | Reading length 1 2 3 4 |
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