Four Must Read Books on How To Become a Millionaire

BookSummaryClub Blog Four Must Read Books on How To Become a Millionaire
become a millionaire

You have big dreams and goals. You want to quit your job, start your own business, scale that business and build wealth. But you don’t know how to go about it.

Becoming a millionaire is a herculean goal, but it is not impossible.

The best piece of advice anyone can give you concerning the topic of becoming rich is to read books. Reading books about wealth can help you identify unhealthy patterns you might have and learn how to dismantle these patterns. You need to have a successful mindset and learn how to market the right product in the right marketplace to the right people. 

If you’re serious about becoming a millionaire, you also have to know the right ways to invest your money and make smart financial decisions. 

Because of this, I have compiled four of the very best business books to help you become a successful millionaire. As you read these books, put the tips in them into action by doing smart things like saving monthly and budgeting your living expenses. 

Let’s dive in.

The Millionaire Next Door by Thomas J. Stanley and William D. Danko

The Millionaire Next Door: The Surprising Secrets of America's Rich
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The Millionaire Next Door: The Surprising Secrets of America’s Rich
  • Audible Audiobook
  • Thomas J. Stanley Ph.D. (Author) – Cotter Smith (Narrator)
  • English (Publication Language)
  • 10/27/2000 (Publication Date) – Simon & Schuster Audio (Publisher)

Do you want to know what a millionaire’s world looks like? And do you, by any chance, want to become a millionaire yourself? If your answer to these two questions is yes, then this book is the right one for you. 

In this book, Stanley and Danko chronicle their research on the lives of America’s wealthiest families and tackle the myths and secrets about being rich. They also reveal the shocking characteristics shared by these massively wealthy people. 

It’s no secret that it is much better to learn something practically than theoretically. That’s why The Millionaire Next Door is the perfect read for anyone who wants to make wealth–not just money. 

Learn critical life lessons from the wealthy like living below your means, spending time and resources well, and valuing financial freedom above everything else. If you utilize these lessons, you can become a millionaire.

Memorable quote: “Many people who live in expensive homes and drive luxury cars do not actually have much wealth. Then, we discovered something even odder: Many people who have a great deal of wealth do not even live in upscale neighborhoods.”

Think and Grow Rich by Napoleon Hill

Think and Grow Rich
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Think and Grow Rich
  • Audible Audiobook
  • Napoleon Hill (Author) – Erik Synnestvedt (Narrator)
  • English (Publication Language)
  • 10/16/2007 (Publication Date) – Gildan Media, LLC (Publisher)

First published in 1937, this book is considered one of the best books to help someone become a millionaire. It draws inspiration and insights from business tycoons like King Gilette and Henry Ford to show the secrets to financial success. 

Hill explores how the human mind can influence wealth generation. He argues that mastering money has more to do with your mindset and overcoming psychological obstacles than anything. According to Hill, the way we think affects how much money is in our bank account. 

So if you want to make seven figures, it’s important to change your mindset and attitude. And there’s no better book to help you do this than Think and Grow Rich.

To learn more about this book, you can read our summary of it here. You can also use the book summary app, Blinkist, to read the summaries of many books. Read our review of Blinkist here.

Memorable quote: “Before success comes in any man’s life, he is sure to meet with much temporary defeat, and, perhaps, some failure. When defeat overtakes a man, the easiest and most logical thing to do is to quit. That is exactly what the majority of men do. More than five hundred of the most successful men this country has ever known told the author their greatest success came just one step beyond the point at which defeat had overtaken them.”

Secrets of the Millionaire Mind by T. Harv Eker

Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth
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Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth
  • Audible Audiobook
  • T. Harv Eker (Author) – Charles Constant (Narrator)
  • English (Publication Language)
  • 06/14/2016 (Publication Date) – HarperAudio (Publisher)

From a young age, we observe our parents’ attitude to money, and that shapes our thinking patterns and guides our behavior when it comes to money. You tend to imitate your parent’s money strategies, which can explain why many people stay in the same income brackets as their parents. If you want to take charge of your income, you have to identify these thought patterns and substitute them for the habits of millionaires.

In this book, Eker examines how your upbringing influences your relationship with money. He also makes the connection  between wanting to be rich and actually being rich. The book is divided into two parts, with one part focusing on identifying and adjusting your money blueprint. The second part gives you a peek into the mind and behaviors of rich people. 

Secrets of the Millionaire shows that if you change your money blueprint and start thinking the way rich people do, you can become rich too. 

Memorable quote: “If your motivation for acquiring money or success comes from a non supportive root such as fear, anger, or the need to “prove” yourself, your money will never bring you happiness.”

The Millionaire Fastlane by M. J. DeMarco

The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
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The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
  • Audible Audiobook
  • MJ DeMarco (Author) – MJ DeMarco (Narrator)
  • English (Publication Language)
  • 08/11/2015 (Publication Date) – Viperion Corporation (Publisher)

Many people don’t become wealthy because the conventional paths to wealth don’t work. The conventional road to wealth involves you working really hard while you’re young so that you can save enough money to spend when you’re old. That’s a long time to wait. If you feel like you’re wasting your time working a job you hate, dream of building your own empire but don’t know where to start, The Millionaire Fastlane is for you. 

In this book, DeMarco argues that one of the biggest problems of making wealth is failing to plan ahead. Even if you make a large income, if you constantly waste money on things like expensive vacations and luxury cars, you will go broke. 

DeMarco also shows the difference between life in the Slowlane (following the conventional path to wealth) and life in the Fastlane (the smarter path to extreme wealth). He also shows that the key to generating wealth is to identify a need and offer a solution. 

The Millionaire Fastlane helps you crack the code to wealth and become a millionaire with sacrificing half your life working a job that is unfulfilling. 

Memorable quote: “Instead of digging for gold, sell shovels. Instead of taking a class, offer a class. Instead of borrowing money, lend it. Instead of taking a job, hire for jobs. Instead of taking a mortgage, hold a mortgage. Break free from consumption, switch sides, and reorient to the world as a producer.”

Conclusion

It is not an easy thing to break away from the conventional models and mindset we have towards money, but it is very possible. While no book will automatically make you a millionaire, implementing the advice and insights written in these books will go a long way in helping you achieve financial success.

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