As discussed in the original article, a list of 10 books was never going to be enough to cover all the books aspiring millionaires must-read. For those who have read the books on the first list perhaps you will find god suggestions on this second list. As before the books span the areas of achievement, leadership, finances and habits to give you an all-round pool of knowledge. Most millionaires have read more than 20 books so don’t let these two lists be all you read.
Money master the game by Tony Robbins
Tony Robbins is known as one of the top motivational speakers in the world. Say what you will about motivational speakers but Money: Master the Game is a great book on finances. Written with the American audience it does focus on tools and products available to Americans but what this book does best is lay the foundation for understanding the gamer of accumulating wealth. The sooner you read this book the better.
Secrets of the millionaire mind by T Harv Eker
Secrets of the millionaire mind are not exactly full of secrets. But it is full of great ideas that seem to be treated as secrets given how well they are adopted by the wealthy versus others. The book has 16 millionaire principles that one should learn and cultivate to replicate the success of others before them. The approach from Eker is more clear cut than most books on the subject.
The intelligent Investor by Benjamin Graham
The intelligent investor is a book for those who want to invest in shares. Who wants to invest in shares? Anybody who wants to get wealthy. But here’s why this book makes the list. You see the lessons you learn in investment appraisal for shares are useful in just about any other type of investment and making good investments is one thing millionaires do and do very well.
Influence by Rober Cialdini
While the meaning of the word influence has been at best muddied by the age of the social media influencer I can assure you that the ability to influence is a million-dollar skill. And that’s probably underselling it. Consider this, if you have a product that nets you $1 per unit in profit and you want to sell 1 million of them you’re going to need to influence at most 1 million people to buy the product. Cialdini’s book is based on a scientific study which gives real-life examples of the ideas put forward.
The Power of Habit by Charles Duhigg
Our lives are the sum of our habits. Your current financial position is the sum of the habits you have cultivated in your life. The Power of Habit is an excellent book on habits and how much they play a part in our lives. The book is excellent as it gives both macro and micro examples of how a habit is embedded in our individual and group behaviours. Read this book multiple times and gain new insight with each reading.
The Millionaire Next Door by Thomas Stanley
The millionaire next door is an empirical study on the average of millionaires. The sample used was of American millionaires but think it stands to reason that millionaire behaviours are roughly the same regardless of the geography. It’s important to note that Stanley and others focused on specific areas and looked for the most frequent behaviour patterns in those areas.
The Compound Effect by Darren Hardy
You should know a little bit about compounding and how it leads to wealth. Here’s the thing about compounding, its not just a money thing. Compounding is of course a natural law that is visible but not guaranteed in living things and systems. This text puts compounding in a light which you can learn how to employ it in your every day life and efforts to make you more effective at what you do.
The Alchemist by Paolo Coelho
While there’s a whole list of fictional books that are recommended by and for the wealthy I wanted to keep to one on this list and so Paolo Coelho’s The Alchemist was the one. Many things make this book a classic and a favourite of many. It is told in a very simple narrative but lays bare some important for life. If you wanted to put it in scientific terms the book is about mastery of your mind which is something you definitely need to do if you want to master the game of wealth.
Thinking Fast and Slow by Daniel Kahneman
Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of fast and slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Thinking, Fast and Slow will transform the way you think about thinking
Atomic Habits by James Clear
Another book on the importance of habits and specific methodology on creating good habits while defeating bad ones is James Clear’s Atomic Habits. We already said that your life is the sum of your habits and if that is the case changing your habits is key to changing your life. The book is incredibly practical and written by a blogger whose writing conveys the less formal tone of the message. This a must-read for everyone, aspiring millionaire or not.
That completes our list of 20 books aspiring millionaires must-read. I’d love to know which books you feel can be added to this list as essential reading.