The idea of becoming a billionaire seems like an out-of-reach dream to most people. Yet, billionaires exist in every corner of the world. Do you ever wonder how they got there? The vast majority of them started in their childhoods with one single business book that was life-changing and inspired them never to stop learning about finance and business. This collection of books will give you the tools you need to go from where you are now to be on the Forbes 400 list! Here are 10 must-read business and finance books to read if you want to become a billionaire.
What would you do if you were a billionaire? The number of possibilities in front of you would be endless, but there’s one thing I’m sure all billionaires agree on. They wouldn’t have gotten there without reading specific books that shaped them into the business-savvy individuals they are today. This list shares those very books which have the potential to transform your financial life. From Bill Gates to Warren Buffet, Elon Musk to Jeff Bezos, Mark Cuban to Ray Dalio, many billionaires credit specific business and finance books, impacting their lives immensely and helping them secure their place among the world’s wealthiest people.
1. Rich Dad, Poor Dad by Robert Kiyosaki
If you’re not familiar with Robert Kiyosaki, then you’ve probably heard of his most famous book Rich Dad, Poor Dad. This personal finance classic (sold over 26 million copies) details Kiyosaki’s childhood memories growing up with two dads. One his birth father, whom he describes as the poor dad, and one his best friend’s dad, whom he calls the rich dad. What distinguishes these two fathers is their outlook on money. Poor dad sees money as scarce while rich dad sees it as abundant. Their contrasting attitudes toward money can teach young Robert essential lessons about financial literacy that he later applies in adulthood when building his wealth.
The book tells you how your money works for you instead of working for your money. By simply investing time into learning about finances, you can make yourself financially secure. It is an easy-to-read yet very detailed explanation of money management by someone who has been there done that himself.
2. Think and Grow Rich by Napoleon Hill
I would consider Napoleon Hill’s classic Think and Grow Rich an essential reading. And by essential, I mean every person in business should have read it at least once during their career. It is filled with wisdom on goal setting, wealth creation strategies, money management, decision-making principles, leadership tactics, overcoming adversity and achieving success through persistence. Hill was considered an expert in understanding successful people and how they think.
This book contains proven principles that will help you get whatever you want in life. Napoleon Hill interviewed more than 500 millionaires, including Andrew Carnegie, Thomas Edison, Henry Ford, John D. Rockefeller, Marshall Field, and Charles M. Schwab. He reveals a blueprint for how anyone can achieve greatness through discovering their purpose, getting into action and having faith in your ability to succeed at all costs. This book will give you great insight into how to achieve success.
3. The Intelligent Investor by Benjamin Graham
Benjamin Graham’s “The Intelligent Investor” is considered by many as one of the best business and finance books ever written. It is also considered by Warren Buffett (one of history’s greatest investors) as the best book on investing ever written.
This classic book teaches people how to think about investment decisions like a professional investor would, aiming for long-term results without getting distracted by daily movements in stock prices.
Graham puts forth an investment philosophy that has stood up through the time that revolves around maintaining a margin of safety. While it may appear counterintuitive, he argues that making investments when things look their worst can be your most brilliant move. Also included in his wisdom are chapters on risk control and stock selection.
4. The Power of Habit by Charles Duhigg
Charles Duhigg is an award-winning journalist for The New York Times. Charles explores why some habits are hard to break while others are easy. He also goes over methods of changing those habits that aren’t beneficial while making new habits that will allow you to have increased productivity and more income.
If you want financial independence, then changing your spending habits is one of the ways to do it. Many people often find that they make more money than they can ever spend. So changing these spending habits is an excellent way to increase your net worth significantly over time.
This book will also help you better understand why we do what we do without even thinking about it! You’ll learn all about cues, routines, rewards and more. This book is excellent for anyone looking to change their lives or want an exciting look at how habits affect every aspect of our lives.
5. 7 Habits of Highly Effective People by Stephen Covey
Stephen Covey’s 7 Habits of Highly Effective People is one of those books that every smart person has in their collection. Covey’s book has been referenced by everyone, from celebrities like LeBron James and Kobe Bryant to politicians like Hillary Clinton and Barack Obama.
The seven habits described in Covey’s book make some people successful while others flounder in mediocrity. These are timeless principles designed to apply universally to any situation, so you’ll get plenty of use out of them. If you want your professional life to be on track, start here.
This book is not just for people who want to be CEOs or make tons of money, but it is designed to help anyone understand why we are how we are. So if you find yourself lacking ambition, self-discipline or commitment, reading Covey’s book could be just what you need!
6. Zero to One by Peter Thiel
Peter Thiel is famously known as one of PayPal’s founders, an entrepreneur, venture capitalist, philanthropist, political activist and most importantly, angel investor. He built his startup (PayPal) into a multi-billion dollar company and has supported startups like Facebook.
This book would give you in-depth knowledge about starting your own business from scratch. It includes essential concepts like how we create new things or why so many companies copy bad ideas? which is crucial for any entrepreneur who wants to grow their business idea into something bigger. In addition, it introduces you to Silicon Valley’s history of startups with real-life examples.
This book gives practical advice on how today’s entrepreneurs can identify tomorrow’s ample opportunities and explains why copying success is almost always easier than creating it. A fantastic guide for young people who want success in their life!
7. Outliers by Malcolm Gladwell
Malcolm Gladwell is known for his unconventional thinking. It is an eye-opening book that looks at what it takes to be successful. For example, the author claims that most people are wrong when they think talent and hard work are essential for success. Instead, he says being in the right place at just the right time might matter even more.
This book gets you thinking about factors outside of your control that played into your current level of success—and how lucky you might have been along the way. According to Malcolm, it takes roughly 10,000 hours of practice (that works out to about twenty hours per week for ten years) to become an expert at something—or just so good that people perceive you as being really good at something.
8. The Alchemist by Paulo Coelho
Every entrepreneur needs an Alchemist. Paulo Coelho’s masterpiece is a spiritual journey of self-discovery that has inspired millions of readers worldwide. The novel centres on Santiago, an Andalusian shepherd boy who left his homeland in Spain to travel for the Egyptian desert in search of treasure buried near the Pyramids. Along his journey, Santiago meets an alchemist who teaches him about Personal Legend, or what he was born to do.
Whether you’re looking for your fortune or just trying to find yourself (again), it’s an experience every entrepreneur should undertake. But, ultimately, success isn’t about getting rich quick—it’s about realizing why you get up in the morning and how your product or service can make other people’s lives better.
9. Quiet by Susan Cain
If you’re an introvert, Susan Cain’s book Quiet will be your Bible. Not only does it offer solutions for better communication in professional settings, but it also illustrates how we misunderstand introverts (and extroverts) daily.
The book goes beyond self-help. Susan Cain brings together groundbreaking research on introverted strengths with anecdotes of real people in business. It is an essential guide for managers seeking productive employees or individuals wishing to thrive in an extrovert’s world.
Cain highlights how successful companies like Google have embraced introversion as much as they have extroversion. She brings together insights from top researchers and highly successful people known for their quiet personalities. So if you want to be successful at work, you need to understand that not every person acts in ways that fit into your preconceived notions of an ideal worker.
10. Tools of Titans by Tim Ferriss
In Tools of Titans, Tim has interviewed over 200 titans or highly successful people from all walks of life. Most of them are millionaires, billionaires or influencers worth millions (or in some cases billions) of dollars. This book is Tim Ferriss’ follow-up to his bestselling book, The 4-Hour Workweek.
You’ll be able to glean quite a bit from reading Tools of Titans, such as habits, mindset and routines that helped these titans reach their heights. Another exciting part about it is that he holds nothing back and gives you their full stories unedited – no holding back!
This book is the ultimate grab-bag toolkit for suffering manly men who want more out of life. It’s like Jack Handy’s Deep Thoughts, but for real life. So if you don’t have time to digest all 400 pages right now, just flip through, find something exciting and implement it. You can thank me later.
11. Bonus: The ONE Thing by Gary W. Keller
If you are searching for a personal development guide, look no further than The ONE Thing by Gary W. Keller. It will equip you with all the important knowledge you need to build an empire from scratch.
This book describes how to focus on one thing to be successful. You will learn how to avoid distractions, focus on what really matters, prioritize tasks efficiently and how building trust can help you earn respect.
The truth is that billionaires know where they need to go—and they have a plan for getting there. Without clarity of purpose, you might struggle to stay focused on one thing long enough to complete it. That’s why reading The ONE Thing is such an essential step in becoming a billionaire.
To conclude, the best way to learn about business is by reading about it. Since you’re reading, it probably means you’re interested in making money. I hope you take advantage of your free time and read some business books. The ten listed here are good places to start. Happy reading!
Whether you’re managing your own business or just starting on your career path, learning as much as you can about business and finance is essential. In his book “Business @ The Speed of Thought,” Bill Gates advises that the speed at which new information is created makes all traditional measures of experience obsolete. So don’t wait. Read up on business today! And don’t forget to let us tell us what you think in the comments below!