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20 Best Personal Finance Books You Should Read Now To Be Super Rich!

#11 How Rich People Think

How Rich People Think summary - Steve Siebold

Know the author:

Steve Siebold is well-known writer and sales team trainer who provides training to multiply sales, improve performance and manage change.

What the book promises:

As a resultant of interviewing 1,200 wealthy people to discover what really they are doing to make it big and right, the author lends a myriad of concrete actionable tips to multiply wealth.

3 Outstanding tips from the book:

  1. Selfishness is a virtue: While rich people go out there and take care of themselves, so he could help others, the financially unstable treat selfishness as a vice, going out of way to spend when he doesn’t have much left with himself.
  2. Take steadfast actions: The rich take actions quickly, waiting for none, not for God, boss or family.
  3. Dream of the future: The good days are never behind you. Dream of a future that is as good as the past or even better. Your ideas, dreams and goals will help push past the past.

Look who says you should read this book:

His conclusion: to become rich, he had to think like a rich person. While you may not aspire to be "rich", but you should want to be better at managing your money. This book provides insight into the mental shifts that can help you achieve this - The Balance

Stellar quotes from the book

  • The rich understand money flows from ideas, and since ideas are limitless, money is limitless
  • Money is power, and you ought to be reasonably ambitious to have it
  • The truth is you have to have great ideas that solve problems to make money. If you do, you will attract money like a magnet

#12 Your Money or Your Life

Your Money Or Your Life summary - Vicki Robin

Know the author:

Vicki Robin is a proactive writer, speaker and innovator. In addition to this, she has also championed sustainable living movement from the frontline.

What the books promises:

This book teaches how to gain control over money and make a life rather than simply making a living. She doesn’t endorse strict budgeting, but mindfulness and good habits. In here, you will even find ways to pull out of debts and boost your savings.

3 Outstanding tips:

  1. Make peace with your past: Tally up all the money you have earned so far, calculate your current net worth. Then, calculate all that you have managed to save up. You are probably in for an unpleasant shock. However, rather than wrestling with reality, make peace with it, accept it.
  2. Create monthly reviews and reports of yourself: Tabulate in categories your income, monetary expenditures and hours of life energy spent (number of hours you do something, for example: 20 hours of shopping).
  3. Learn to value your energy life by minimizing expenditures: Spend on things from which you derive true fulfillment. This is the first step to financial independence.

Look who says you should read this book:

This is a wonderful book, it really can change your life - Oprah

Stellar Quotes:

  • If you live for having it all, what you have is never enough
  • Americans used to be 'citizens.' Now we are 'consumers
  • He who knows he has enough is rich

#13 The Essays of Warren Buffet

The Essays of Warren Buffet summary - Lawrence A. Cunningham

Know the author:

Warren Buffet is an American business mogul who has been serving as the CEO of Berkshire Hathaway Inc. since 1970. This 87-year-old investor, as of 2017, is the second wealthiest person on earth with a whooping net worth of $81.1 billion.

What the books promises:

As 2015 marks the 50th anniversary of Berkshire Hathaway under Buffet’s leadership and also the 20th anniversary of the Essays of Warren Buffett: Lessons for Corporate America(1997), this book is a revision and re-compilation of the original. Here, you’ll find financial advice from Buffet centered on investing.

Outstanding tips:

  1. Buffets says for efficient running of the company there must exist a full and fair reporting by the entire management.
  2. For profitable investing, it is necessary to buy shares in businesses when the market prices are at a large discount from business values.
  3. Regardless of the accounting method opted, the main challenge to counter is to report data such that the readers know answers to the following questions: What is the real value of the company? How prepped is it to meet the future obligations? How efficiently is it run by the managers?

Look who says you should read this book:

''A very important book.'' --Bill Ackman, CEO of Pershing Square Capital Management.

Stellar Quotes:

  • Price is what you pay. Value is what you get
  • Be Fearful When Others Are Greedy and Be Greedy When Others Are Fearful
  • Risk comes from not knowing what you're doing

#14 Be Obsessed or Be Average

Be Obsessed or Be Average summary - Grant Cardone

Know the author:

The author, Grant Cardone, is known in the corporate circuit for his work as a sales trainer, improving sales processes of titanic companies like Google, Ford and Wells Fargo. He has also written 2 bestselling books which raised him to the limelight as a skillful writer.

What the books promises:

Obsession is more often than not used in various contexts with a negative connotation. Cardone thinks otherwise. He, with his infectious energy and tone, gives out tips to utilize obsession in the best possible way, especially financially.

3 Outstanding tips:

  1. Embrace fear: What you fear is not an indication of what you shouldn’t do, on the contrary, what you must do. All books, including this, shows that possibility for growth is outside your threshold of comfort zone. Wrestle with what you fear, win over it and move on to the next.
  2. Avoid people who persuade you to give up what you’re trying to achieve: These people are either influenced by why they gave up what you’re doing or weren’t willing to go the distance.
  3. Write your goals twice every day: Manually writing your goals down rather than reading them distantly will allow you to review progress and adjust them accordingly.

Look who says you should read this book

Read this book. It will change your life.

- David Lee Jensen, the Bestselling Author of The Naked Interview: Hiring Without Regret

Stellar Quotes

  • You don’t need to like what you do to love what you do
  • Criticism is easily avoided by saying nothing, doing nothing, and being nothing
  • Never fear the haters - fear the weak who listen to them

#15 You Can Negotiate Anything

Know the author:

If there is one person whom you would need in a crisis situation which requires a powerful negotiation, you’ll need who Playboy Magazine has conferred with the title “The World's Best Negotiator" – Herb Cohen. As a way of passing on his legacy to the world, he has written one bestseller, countless articles, and delivered resourceful speeches.

What the books promises:

The world is nothing but a large negotiating table, wherein negotiation takes place at every corner. Cohen believes negotiation is an important practical skill that can be learnt, understood, developed and improved on. The book is a holy grail for all who want to handle situations that involve negotiation.

3 Outstanding tips:

  1. Identify whom you are going to negotiate with: Choose a person who is in a powerful and authoritative position to talk to. The higher the power, the higher is the possibility to accomplish what you have set out for.
  2. Ask yourself these questions before negotiating: i) Is the negotiation worth the effort? ii) Will I be comfortable and successful in negotiating with the person? iii) Will the negotiation fulfill my needs?
  3. Don’t get sentimentally or emotionally involved in it. But, make the opposite party feel so: It’s easy and quick to make things personally important during a negotiation. But you can evade this situation by assuming that you are negotiating for somebody else’s cause. This will detach you from the situation.

Look who says you should read this book:

 

Stellar Quotes:

  • We've been raised to believe that logic will prevail. Logic, in and of itself, will rarely influence people. Most often logic doesn't work
  • No' is a reaction, not a position. The people who react negatively to your proposal simply need time to evaluate it and adjust their thinking. With the passage of sufficient time and repeated efforts on your part, almost every 'no' can be transformed into a 'maybe' and eventually a 'yes'
  • If life is a game, negotiation is a way of life

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