Books to Help You Become Wealthy

"Even a millionaire will ease his toils, lengthen his life, and add a hundred per cent, to his daily pleasures if he becomes a bibliophile ; while to the man of business with a taste for books, who through the day has struggled in the battle of life, with all its irritating rebuffs and anxieties, what a blessed season of pleasurable repose opens upon him as he enters his sanctum, where every article wafts to him a welcome, and everybook is a personal friend." - William Blades

Book Recommendations

Read the book The Millionaire Next Door. It is based on years of research by two professors who study the affluent for a living. You don't have to reinvent the wheel to get rich. Just study people who are already rich and try to do what they do.

Be sceptical of the advice in the book Rich Dad Poor Dad. It is based on only one person's experience, and to my knowledge it has never been independently verified that the person who wrote it was ever actually a millionaire before he wrote the book. The only thing I think the author is good at is having catchy book titles and being effective at marketing to gullible people. The author of Rich Dad, Poor Dad has many traits associated with the "big hat, no cattle" types (people who give the appearance of wealth but have low net worth) listed in the Millionaire Next Door. There are many logic flaws and inconsistencies in this book that people who want to get rich quick seem either unwilling or unable to pick out, perhaps because they want to believe so bad that the get rich quick advice, including the advice that I-don't-need-no steenking-education in the book is true. Study after study shows that for most people higher education lead to higher income levels.

If you are in debt now or struggling with how to manage your money, read the book "All Your Worth" and follow the advice.

Become an expert in your field. Contrary to conventional wisdom, recent research shows that most experts are made, not born. For tips on how to become an expert, read the book, Cambridge Handbook of Expertise and Expert Performance. For the short version, read this article from Fast Company, The Expert on Experts.

My Recommended Book List

The Millionaire Next Door
The Millionaire Mind
The Millionaire Women Next Door
Asset Allocation by Richard Ferri
The Cambridge Handbook of Expertise and Expert Performance
The Two Income Trap
All Your Worth
Asset Protection by Jay Adkisson and Chris Riser