Not being able to go to business school is a lame excuse for not starting a business. Many successful CEO’s never actually went to college and yet are extremely knowledgeable about business.
But have you noticed that they DO read a lot of books? Why do you think it is that almost all the millionaires have giant libraries in their homes?
Leaders are always readers. Book are the wisdom, knowledge, and experience of other people in a physical form.
Self-education through reading is often even more powerful than sitting in a classroom learning the same thing. Most people today almost never read books, so by reading books on personal finance and how to increase your wealth, you’ll already be ahead of the game.
Here’s a collection of the most powerful and life changing books on money.
The Law of Success in 16 Lessons
by Napoleon Hill
In the early 20th century, Andrew Carnegie (then the richest man on earth), wanted to share the principles which made him successful with everyone else in the world and to future generations.
He gave a man named Napoleon Hill the assignment of organizing this Philosophy of Personal Achievement and for 20+ years Napoleon Hill shadowed Andrew Carnegie, observing and learning from him what it was that made him such as success.
Carnegie also introduced him to many of the other most powerful millionaires of the day such as Henry Ford, Thomas Edison, John D. Rockefeller, Alexander Graham Bell, and about 500 other incredibly wealthy visionaries.
After two decades of interviews and mentoring, Napoleon Hill revealed the priceless wisdom he learned in the form of the 16 laws outlined in this book.
This book not only shows you how to increase your wealth, but how to be better in just about every other area of life. Every other book on this list bases it’s premise on one of these laws in some form.
If you only get one book on this list - THIS IS THE ONE.
Think And Grow Rich
by Napoleon Hill
Even though this is the sort of watered-down version of The Laws of Success, it is still known as the "Granddaddy of All Motivational Literature."
In this book Hill uses some of the principles from “The Laws of Success in 16 Lessons” and applies it more directly to money and how to attract more of it into your life by thinking the right thoughts and maintaining the right attitude towards money.
Rich Dad Poor Dad
by Robert T. Kiyosaki
Rich Dad Poor Dad, the #1 Personal Finance book of all time, tells the story of Robert Kiyosaki and his two dads—his real father and the father of his best friend, his rich dad—and the ways in which both men shaped his thoughts about money and investing.
The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
The Richest Man In Babylon
by George S. Clason
In language as simple as that found in the Bible, these fascinating and informative stories set you on a sure path to prosperity and its accompanying joys.
Acclaimed as a modern-day classic, this celebrated bestseller offers an understanding of—and a solution to—your personal financial problems that will guide you through a lifetime.
This is the book that holds the secrets to keeping your money—and making more.
The Millionaire Next Door
by Thomas J. Stanley Ph.D.
Most of the truly wealthy in the United States don’t live in Beverly Hills or on Park Avenue. They live next door.
America’s wealthy seldom get that way through an inheritance or an advanced degree. They bargain-shop for used cars, raise children who don’t realize how rich their families are, and reject a lifestyle of flashy exhibitionism and competitive spending.
In fact, the glamorous people many of us think of as “rich” are actually a tiny minority of America’s truly wealthy citizens—and behave quite differently than the majority.
At the time of its first publication in 1996, The Millionaire Next Door was a groundbreaking examination of America’s rich—exposing for the first time the seven common qualities that appear over and over among this exclusive demographic.
Aside from these priceless books, there are plenty of personal finance websites out there that keep you constantly updated with tips and tools to help manage and increase your wealth.
Check these out:
This community of bloggers inform and advise readers on a variety of finance topics. Check out their how-to library to learn how to manage your debt, protect your identity, select a credit card and more. Their motto: “Living large on a small budget”.
The Consumerist empowers you (the consumer) by informing you about the top consumer issues of the day. This site highlights the persistent, shameless gaffes of modern consumerism - the latest scams, rip-offs, hot deals, and freebies.
Recently named the most inspiring money blog by Money magazine, you won’t find any get-rich-quick schemes or multi-level marketing fads here.
What you will find is honest advice about debt elimination, saving money, and practical investing.
If you want to know exactly what debt means or want to learn what in the world a P/E ratio means for stocks or how to buy a bond, this is the first place to go.
Yahoo! Finance Education is an encyclopedia of personal finance topics, presented almost entirely in an unbiased manner (it’s hard to write about everything in personal finance without some bias, but they do a very good job).
When it comes to managing your budget, Mint.com is probably the most highly-regarded and popular online tool.
With over 10 million users and endorsements from Money Magazine and CNN Money, Mint is targeted toward people who are just starting to get a grip on their finances.
This site lets you register all your bank accounts, credit cards, and investment accounts in one place so you can securely monitor all of your transactions.
It automatically organizes your transactions into different categories, shows your spending in easy-to-understand charts and even offers you professional advice.
This is pretty much your personal online financial advisor. If you have some cash you want to put to work, Wealthfront helps you invest it in the most effective way possible.
Based on your finances, investment goals, and risk tolerance, Wealthfront determines how to allocate your money across stocks, bonds and commodities around the globe.
Finding the personal finance tool that works best for you may take some trial and error, but in the end you’ll look back at the amount of time and money you saved and wonder why you didn’t use one earlier.
Take advantage of all the amazing technology available to us today so you’ll be working smarter, not harder.