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- Most Millionaires Are Made, Not Born. Some folks figure that if they didn't summer in Martha's Vineyard or attend boarding school as a child, they have no chance of becoming a millionaire.
- You Don't Need a High-Powered Graduate Degree. With condolences to those with grad school debt, an advanced degree does improve your chances of higher lifetime income, but it doesn't necessarily improve your chances of joining the millionaires' club.
- Behold the Magic of Compounding. Which savings strategy will get you to $1 million in the bank by age 65, assuming 8% annualized returns: Save $200 a month starting at age 20 or $800 a month starting at 40?
- You Don't Need to Be a Stock Market Wizard. When it comes to investing, most millionaires still have a lot to learn. You don't have to study finance or memorize stock tables to make a million.
From this book, many readers realized that the dream of amassing over $1 million was not as out of reach as they had thought. Stanley and Danko’s 1996 bestseller can still teach us a lot about personal finance today, but it also falls short in a few key ways. Read on for a full summary and critique of The Millionaire Next Door.
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What is the Millionaire Mind?
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What is the most interesting Millionaire Mindset book?
What are the best millionaire books?
The Millionaire Mind is a non-fiction book that provides a detailed analysis of the traits and characteristics of millionaires in the United States. From the outside looking in or from what we are taught you understand that wealth was passed down and most rich people came from money or are extremely smart.
- “The Simple Path to Wealth” by J.L. Collins. Goodreads Rating: 4.44/5 | Audible Rating: 4.8 stars. Topping our list with the highest ratings, “The Simple Path to Wealth” offers a road map to achieve financial independence.
- “The Millionaire Fastlane” by M.J. DeMarco. Goodreads Rating: 4.32/5 | Audible Rating: 4.7 stars. In the No. 2 spot on this list, author M.J. DeMarco distinguishes between life in The Slowlane (following the mainstream path to potential elderly wealth) and life in The Fastlane (the alternative path to extraordinary wealth).
- “The Bogleheads’ Guide to Investing” by Taylor Larimore, Michael LeBoeuf and Mel Lindauer. Goodreads Rating: 4.29/5 | Audible Rating: 4.7 stars. This practical guide to investing champions the philosophy of business magnate and Vanguard founder John “Jack” Bogle.
- “The Richest Man in Babylon” by George S. Clason. Goodreads Rating: 4.25/5 | Audible Rating: 4.5 stars. A classic work on financial planning and personal wealth, this book uses Babylonian parables to teach financial wisdom.
- Principles, by Ray Dalio
- Money: Master The Game, by Tony Robbins
- Thinking, Fast and Slow, by Daniel Kahneman
- Secrets of The Millionaire Mind, by T. Harv Eker
- The Intelligent Investor, by Benjamin Graham
- Blue Ocean Shift, by Chan Kim and Renee Mauborgne
- The Millionaire Fastlane, by M.J. Demarco
- The 48 Laws of Power, by Robert Greene
- The Little Book of Common Sense Investing, by John C. Bogle
- 10X Rule, by Grant Cardone
Principlesexplains how setting your life up around a set of solid core principles can simplify your decision-making process and keep you from second-guessing yourself. It will give you the tools to be analytical and successful, and allow you to live your best life. You'll need to determine what's important to you in setting up and creating your bus...
This is a must-read for anyone who wants to make their money work for them and achieve true financial freedom. Money walks you through the necessary steps to turn a small nest egg into a mountain of wealth so you can live your life how you want to. One of the lessons Robbinsdetails is setting up a "freedom fund," which is your investment fund that ...
Nobel Prize–winner Daniel Kahneman's book Thinking, Fast and Slowshows how easy it is for humans to veer away from the rational. The truth is, we are subject to many biases, and this is especially important for entrepreneurs to be aware of, as we tend to only see things from our own perspective. Kahneman's years of work detail how our behavior is d...
Is your subconscious "financial blueprint" set for success, or are your thought patterns likely to lead you into a constant struggle with money? Secrets of the Millionaire Mindlooks at how your relationship with money is determined by patterns that have been ingrained in you through your upbringing. Your parents are your first role models when it c...
The Intelligent Investorwill give you a solid understanding of contemporary financial theories, so you can invest wisely without the risk of losing it all. Warren Buffett has said this book shaped his professional life. Graham first outlined this approach to long-term, risk-averse investment in the stock market in 1949, but the concepts are still v...
This is a step-by-step guide on how to move beyond the rat race in an overcrowded marketplace. It's time for entrepreneurs to leave behind the overcrowded "red ocean" of fierce competition and open up new worlds of opportunity: the "blue ocean" that is free from competition. Blue Ocean Shiftgives the reader tools to navigate the wide-open markets t...
Most people never achieve millionaire status because conventional roads to wealth don't work. If you feel like you're wasting time at a job you hate, dream of founding your own enterprise or want to become a millionaire but don't know where to start, The Millionaire Fastlaneis for you. One of the biggest problems of creating wealth is failing to pl...
Showing off your brilliance won't win you any favors, but cleverly using the work of others to your advantage will. The 48 Laws of Powertakes an irreverent look at the fundamental characteristics of power. It helps you understand how power works, how to use it to your advantage and how to defend yourself when others wield power against you. If you ...
The Little Book of Common Sense Investingfocuses on efficient and simple ways to grow your wealth by investing in low-cost index funds. Bogle is the founder of the Vanguard Group and creator of the world's first index fund. He explains why you should always choose the fund with the lowest fees (hint: actively managed funds are expensive and usually...
If you want to be a millionaire, you're going to need a clear plan to climb the ladder of success. The 10X Ruleexplains how anybody can apply one simple rule to set themselves up for achievement and lasting success. The guiding principle behind this rule is that you need to invest 10 times more and reach 10 times further than anyone else to achieve...
Apr 1, 2023 · Looking for inspiration to fuel your journey towards becoming a millionaire? Check out our top 15 must-read millionaire mindset books that will give you the tools and strategies needed to achieve your financial goals in 2023 and beyond!
Jan 11, 2022 · Learn how to bust through the barriers preventing them from becoming a millionaire; Hear true stories from ordinary people who dug themselves out of debt and built wealth; Discover how anyone can become a millionaire, especially you; Baby Steps Millionaires isn’t a book that tells the secrets of the rich. It doesn't teach complicated ...
- Dave Ramsey
