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These 5 Books Can Grow Your Pocketbook

There's a real difference between working for your money and making your money work for you.

Books can unwrap a world of information. When it comes to business, financial literacy and personal development, there is no shortage of books or lessons to be learned. One thing most successful people have in common is their love of books and a love of knowledge.

Many millionaires have disclosed the best reads that have helped shape them personally and professionally. Becoming mentally and financially fit is important in generating sizeable revenue. Here, we list five books that can help set you on the path to securing your first million.

1. The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William N. Thorndike

Recommended by well-known billionaire investor Warren Buffet, who is featured in the book, The Outsiders showcases what the featured chief execs have in common, as well as what they’re doing differently to outperform other CEOs powering businesses within their respective industries. You’ll learn from featured CEOs such as Katharine Graham of The Washington Post Co., Dick Smith of General Cinema and Tom Murphy of Capital Cities. “They were very different from the standard conventional CEO personality, they were not charismatic visionary types, they were pragmatic, flexible and opportunistic, frugal and patient,” said The Outsiders author William N. Thorndike to Forbes. What many view as unconventional can lead to great success.

2. Common Stocks and Uncommon Profits by Philip A. Fisher

Investing the right way can make you millions. Written by one of the most influential investors of all time, Philip A. Fisher provides the blueprint for success in investing. In this book, Fisher provides 15 points a successful investor should look for in his/her stock investments, which includes a worthwhile profit margin, depth to a company’s management and a company’s cost analysis and accounting controls, to name a few things. Also included in the book, the don’ts for investing –– don’t buy into promotional companies, don’t ignore a good stock because it’s traded “over the counter,” and don’t buy it just because the annual report peaks your interest. Fisher provides the dos and don’ts to investing the smart way.

3. Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker

Part introspection, part helpful tips, Secrets of the Millionaire Mind is a favorite among many because it provides a clear path to wealth. It highlights the power of thoughts and intentions, noting that your mind is the key to your millionaire status. The author’s 17 ways that rich people act differently than poor, working class people allows viewers to check in with themselves and shift their focus to thinking like the millionaires they want to be.

4. Think & Grow Rich by Napoleon Hill

One of the best-selling books of all time, this 200-pager provides readers with lessons on growing your fortune from hundreds of interviews with the most successful U.S. businessmen of the 1930s. (Not to worry, each and every lesson is still very valuable today.) Think & Grow Rich is another testament that your mindset is what will bring you riches. To obtain the “financial equivalent” to the desire, Hill outlines six easy-to-follow steps to acquiring riches.  

5. Rich Dad, Poor Dad: What The Rich Teach Their Kids About Money That the Poor And Middle Class Do Not! by Robert Kiyosaki

Rich Dad, Poor Dad is a classic. The book tackles fear and desire, paralleling the habits and lives of two fathers –– one rich, the other poor –– to showcase that how one approaches money and wealth is what matters. The author provides readers with six main lessons of the wealthy. The lessons throughout the book include financial literacy, investing money outside of one’s comfort zone and management skills, among other tried and true lessons.

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