Hi everyone! I see you're here because you want to develop your interest in personal finance and entrepreneurship. I'm TraderBart with A1 Trading, and I'll be talking about three books, which helped me build my millionaire mindset.
I wouldn't say this book deserves the Top 3 list; however, I believe this book should be the first you read before getting into others. It introduces financial literacy, assets vs liabilities, and building wealth from personal finance. This book was the book that changed my life forever that taught me the principles of money and wealth, and it was the first book I was able to read since leaving high school three years ago now.
The book itself is about Kiyosaki's childhood, where he had a rich dad and a poor dad. The poor dad was his actual father, and his rich dad was his best friends dad. Overall it is a fantastic book; it's enjoyable and very educational. This isn't the best entrepreneurial book out there, but I can vouch that this book turns on that "switch" in your head. It makes you think twice about the real importance of money.
#3 - Self Made : The Definitive Guide to Business Start-Up Success
Self Made is a great comprehensive book for anyone wanting to gain success from running their own business. The book covers every tier of the business development process, from start-up to exit, offering practical, implementable and global advice on the start up process. Additionally, it features interviews with well known entrepreneurs, entertainers and industry experts.
The book provides straightforward advice on turning a standard business into a comercially viable proposition. It advises the common mistakes to avoid and helps you create a sustainable entreprise that will flourish in success.
#2 - The 4-Hour Work Week : Escape the 9-5, Live Anywhere and Join the New Rich
In this book, Ferriss discusses the years he has spent testing various entrepreneurial ventures and working regular jobs. He has worked extremely hard over the years to be able to earn $40,000 a month. He gets to say he works ‘four hours a week’ because he did the hard work for years, then learned how to delegate and prioritise tasks better.
Ferriss’ epiphany was that happiness primarily comes from time and freedom, which he calls the ‘new rich’ currency, and I could not agree more! Overall this book is fantastic, and I definitely recommend it.
#1 - Millionaire Next Door : The Surprising Secrets of America's Wealthy
The main idea of this book is building wealth, and how simple saving and spending habits will help you build a wealthy lifestyle over time, as we get a constant reminder that becoming wealthy does not happen overnight!
It explains why always watching money as it flows in and out of your bank account is very important, and for someone who is very frugal with money, this speaks volumes to me! I have been taught from a young age that a focus on cash flow is a critical block for financial success.
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