Millionaire Advice: The Most Recommended Books by Self Made Millionaires

I’ve interviewed over 50 millionaires for my Eventual Millionaire Podcast. I can tell you with certainty that most of the millionaires I’ve interviewed have an amazing mindset, and a thirst for knowledge.

So each interview I am curious to find out what books really changed their thinking or were pivotal in their growth. This list includes both personal books as well as business books.

Here is a list of the top personal development and business books:

By far the number one book recommended is Think and Grow Rich
by Napoleon Hill.
If you haven’t heard of it before it’s a classic. It was written in the 1930's and Napoleon Hill interviewed over 500 successful people of his time. He talks about how your thoughts really change the way you live your life, and discusses mastermind groups. A mastermind group is also highly recommended by millionaires, and a simple definition of one is just a group of people working towards their goals together.

You can download the 1930's version for free here.

Tony Hartl of Planet Tan said: “From a motivation/inspiration standpoint, Think and Grow Rich
really opened my eyes at a young age.”
Brig Hart, author of “Why Not Me, Why Not Now” said “Think and Grow Rich
is a classic that teaches people how to see themselves successful by showing how other people had overcome to become.”
The next most recommended book was Outliers by Malcolm Gladwell,. and specifically one chapter. I have heard this one chapter referred to so many times, not only in my interviews but talking with other business owners as well. If you haven’t heard of it yet, you are probably in the minority!

Gladwell defines an Outlier as “a scientific term to describe things or phenomena that lie outside normal experience.” Then he goes into great detail about how outliers happen.

Chapter 2, the most talked- about chapter, discusses the 10,000- hour rule, which is basically this to become a true expert and extremely successful in your field you need to have at least 10,000 hours of practice. He even gives examples of amazing people like the Beatles and then adds up how many hours they practiced.

Millionaire Jerry Mills, owner of B2BCFO, said:

“There is a really good book by Malcolm Gladwell called Outliers
. Chapter 2 of that book talks about the 10,000- hour rule and your listeners should read that chapter and understand that rule. If you become extremely good at what you do, better than anybody else, the business is going to come. So that’s what I did. I just became the best at what I did and everything else just sort of came after that. It wasn’t that hard.”
If you are a business owner and have not read this book, go get it now. The tag line of the book is, “Why Most Small Businesses Don’t Work and What to Do About It”.

It’s been recommended as a pivotal book by many millionaires. The book specifically talks about systems in your business, and walks through the start up and growth using examples.

St. Clair Newbern, owner of Live Energy, said:

“For all entrepreneurs I think one of the best books that you can read is E-Myth Revisted
by Michael Gerber.  That book really blew my mind probably six or seven years ago.  I realized that I was living the e-myth.  So if I had one book to recommend it would be Michael Gerber’s E-Myth.”
Other recommended books in no particular order are:

How To Win Friends and Influence People
by Dale Carnegie
The Magic of Thinking Big
by David J. Schwartz
How to Stop Worrying and Start Living
by Dale Carnegie

The War of Art
by Steven Pressfield
The Power of Now by Eckhart Tolle
The Richest Man in Babylon
by George Samuel Clason
Rich Dad, Poor Dad
by Robert Kiyosaki
An Uncommon Freedom
by Charles Paul Conn
One trait I see that is common to millionaires I interview is that they are all willing to invest time into their own personal growth. They know they can get better, so reading, asking questions, and learning from others seem to be a key piece to their success.

I highly recommend picking up one of these books (or download Think and Grow Rich
for free right now!).
Have you read any of these books? Are you adding any new ones to your list?

—-

Jaime Tardy is a business coach and speaker. You can listen in to over 60 millionaire interviews on EventualMillionaire.com and find out the Top 10 Tips to growing your business.

Photo credit: ‘Millionaire‘ by Big Stock

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Simple Living and High Thinking – Lessons from Mahatma Gandhi’s Life

Mahatma Gandhi, a man of true words, a great leader, a true fighter who set an example of simple living and high thinking for us.  Non-violence, truth, inspiration and great leadership qualities are what come to our mind when we hear his name.
His determinations were strong and ideas firm enough to reach his ultimate goal. He left his successful career of a lawyer to participate in the long chase for Independence along with other freedom fighters. I can find nearly every attributes of a successful leader in this great man.
His lessons have always inspired me and I truly believe that there are a lot of things you can learn from the values of Gandhism.
Innovation:  Non-violence probably was one of the greatest innovations of Mahatma Gandhi. I don’t think history has any track records of any freedom fighter or any country winning the battle of independence using the weapon of non-violence. But Gandhi was the only leader to make use of non-violence successfully to win a battle. His Dandi March was a successful effort where he used his weapon of non-violence.
Simplicity: I do not think history can ever produce a simple man like Mahatma Gandhi. Being such a great leader his way of living, teaching, books and even his quotes were very simple. His simplicity reflects in his ideas and way of living. Simplicity is probably his greatest virtue.
Truth: Gandhi believed in true living and his experiments with truth were countless. He always believed that being true to life can make your life easier. You may face quite a lot of hardships initially for being truthful but at the end you will emerge as a true winner.
Continuous learning:  Gandhi being a great learner always believed in the art of continuous learning. His capability as a learner gave him the real authority over people. His lessons were highly popular as they motivated the common people.
Sacrifice: This is the quality that I truly admire about this man. Not only did he sacrifice a lot in order to achieve freedom but also sacrificed quite a lot after India had gained independence. He had even denied the position of higher authorities in Government for which he was the prime choice.
His way of leading life was a message: Inspite of being a powerful speaker and prolific writer, Gandhi spoke very slowly in personal life and when it was required. His writings were very concise yet punchy. He always wanted his way of leading life spread the message. It was his simple living that helped him in committing his life for the well being of the people and his country.
Energetic: Gandhi was one leader who was known for his fasts.  But this did not lower his confidence at all. He was an energetic leader and always encouraged his people to fight for the country.
I still remember it was in my 5th standard when I was first introduced to this great leader in my history class. The chapter was ‘Mahatma Gandhi- Father of Nation’ (I was raised in India). Since then whatever he said and wrote has inspired me throughout. What I admire in this man is his great display of strength.
He never used force to bend someone against their will and rather achieved the goals through his weapon of non-violence. History has given us great leaders and kings who have fought and shed bloods to gain freedom. But this one man was against all such, and yet, it was his firm belief in non-violence that ultimately bought freedom for India. The mighty British lions could not stand against his determination.
Later on Gandhi became the source of inspiration in other countries to stand up against British rule. Martin Luther King Jr. Nelson Mandela were inspired by this man.
His stress-free life was the key to his strength. He meditated regularly and prayed for long hours. Though he was an ideal to many but that did not change him as a person. He continued leading the simple life with less distractions and commitments.
According to Mahatma Gandhi “
“If one has wealth, it does not mean that it should be thrown away and wife and children should be turned out of doors. It simply means that one must give up attachment of these things!” With this belief he lead many protests for the country, went for rigorous fasts and still did not step back or lose his determination.
Gandhi’s way of living simple life has inspired me as a person to a great extent. Life may not have all the luxurious things but you can keep yourself away from worries. You can always live up to your expectations as you will expect less from life.
Lead a simple life like the great leader and feel the difference yourself!Perhaps he was world first intentional minimalist. Wearing single piece of cloth which he himself used to weave from raw cotton, eating the food he harvested on his own. Yet, he was history’s most powerful man without a weapon. Strength comes from wisdom, which we never realized before him.
Let us be all strong and determined, let’s be a better person and let’s make this place a better place to live.
SB is a personal Finance blogger  at One Cent at a Time,
who writes personal finance topics like saving money, becoming rich and earning extra money. If you have interest in personal finance, you can subscribe to his posts via eMail or RSS

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