I know what you are thinking! Money and books, what's the relation, right? Well, you will be surprised to learn that most millionaires are passionate about reading. In many interviews, billionaires claim to get inspired from so and so books or authors. These books could be anything from finance to management to career.
Books have the capability to make a profound impact on our minds. They allow us to think, evaluate the experiences of others and make an informed decision. In a true sense, books are keepers of strategies, and reading them gives us perspectives. People who wish to develop a money mindset can get a lot of motivation from books. Reading the books mentioned below will provide you with an insight into how to invest, save and manage your money in better ways.
Books For a Better Money Mindset
Rich Dad Poor Dad By Robert T Kiyosaki
It is a brilliant book where the author pens down advice from his best friend's father(rich dad) and his own father(poor dad) on money management. The book encourages one to be financially literate to understand the difference between needs and wants. While one must pursue financial goals for success, one should not get blind with needless illusions. The book clearly states the difference in the thoughts of rich and poor people saying how knowledge, skills, and risks can shape an individual. You must catch a copy to get some financial aptitude.
Famous Quote – "Most people fail to realize that in life, it's not how much money you make, it's how much money you keep."
The Money Book For The Young, Fabulous & Broke by Suze Orman
It is a book much needed for the millennials to cope up with the whims and fancies of their generation. Young people often get stuck fulfilling their parents' wishes, chasing things and materials that look gorgeous but may have limited purpose. Amid all this struggle stands the debts, incompetencies, and other challenges. The author gives honest suggestions on how to stop depending on your salary, focus on investing and track your worth by making yourself irreplaceable. Suze also suggests financial success by providing value to the crucial tool of the youth – Time.
Famous Quote – "Saving is for a short-term goal that you hope to reach within five years or so. Investing is for the long term."
The Millionaire Next Door by Thomas J. Stanley
It is a classic book that entertains its readers with excellent saving tips, planning, and living a responsible life with financial freedom. The author studied the lives of many millionaires and formulated his observations in suggestions for the less wealthy people to read. He stresses the need to save early and spend consciously.
The book advocates how millionaires don't show off social status; instead, they focus on personal wealth management using time and available resources. It also mentions how you must not let your children become slaves of your high incomes. You must bring them up to understand the importance of financial independence. The book is an excellent pick for those who are on the lookout for value-based life along with financial freedom.
Famous Quote – "It's easier to accumulate wealth if you don't live in a high-status neighborhood."
Mindset by Carol Dweck
This book brings you years of research and the author's perspective in developing a better money mindset. She spills the secret to navigating life through two important mindsets- fixed and growth. While the fixed mindset tries to prove its worth, the growth mindset motivates from within and teaches bridging economic opportunities from mistakes. She speaks of how you can convert your failure through consciousness, acceptance, and improvisation. As you take charge of your life and look ahead to success, put in sheer hard work with plans and strategies. When you do that, you build your way into all sorts of accomplishments-financial and otherwise.
Famous Quote- "The view you adopt for yourself profoundly affects the way you lead your life."
Mind Over Money by Brad Klontz
This book gives you a psychological insight into the reasons you deal with money issues. It could stem from your subconscious thoughts or belief patterns from childhood. If you persist in looking into your past and recognize the patterns, you can enhance them to build better thoughts. These positive thoughts (or vibes, as some may call them) will assist you in making better money decisions in life. The book shares the need to have open communication with your spouse and kids about finances. Also, prepare for rainy days with savings from early on. If you seek a way to establish a peaceful relationship with people in your surroundings alongside financial freedom, this book is for you.
Famous Quote – "Financial advice is not enough to change destructive financial behaviors."
Think and Grow Rich by Napolean Hill
The book, though written in the 1900s, still proves quite relevant in today's competitiveness. It inspires you to focus on your thoughts, control them to achieve what you really want. Your destiny is in your hands, and wealthy people believe in moving on than crying over failures. The author studied about five hundred self-made millionaires before attempting to write the book. To achieve financial success, a goal is not enough; it needs a burning desire to make things happen supported by a staunch belief in it. By converting your mental impulses into spiritual equivalents, you can visualize getting through your goals. Read this book for some crazy motivation to get started.
Famous Quote – "Whatever the mind can conceive and believe, it can achieve."
Make It A Habit
If you have read any of the above books, you would realize every author speaks of breaking the barrier of your mind to control your destiny. Reading is the process of developing your cognitive ability and powering your subconscious mind through experienced inputs. You read better to know better, and as you know better, you dream better. That dream drives you to get what you wish to accomplish, of course, with a dollop of hard work and intellect to chase opportunities. So, catch one of these books or seek more for a money mindset and create the life of your dreams.
We at OpenGrowth, are committed to keeping you updated with the best content on the latest trendy topics from any major field. Also, both your feedback and suggestions are valuable to us. So, do share them in the comment section below.