1. Rich Dad Poor Dad by Robert Kiyosaki
No list would be complete without Rich Dad Pood Dad as it serves as the cornerstone for changing the way you think about making money and creating financial independence. Kiyosaki shares lessons he learned from his two father figures, one being his biological father (the poor dad) and the other his best friend's father (the rich dad). The book emphasizes the importance of financial literacy, making smart investment choices, and developing a mindset focused on assets and passive income. By shifting your thinking, this book can help you develop the mindset necessary for financial freedom.
"The moment you make passive income and portfolio income a part of your life, your life will change."
2. Think Like a Monk by Jay Shetty
While not a book that has a direct influence on money, we really liked Think Like a Monk as it teaches one of the most important guiding principles for creating wealth and living the life you want to live. Similar to the concept of Ikigai, Jay implores the reader to find your purpose by looking within to extract:
What you are good at or skills that you've developed
What you have a passion for or brings you joy
What the world needs or how you can serve others by solving their problems
Jay draws upon his experiences as a former monk and combines ancient wisdom with modern practicality. The book offers insights and practical advice on how to cultivate a monk mindset in the midst of a busy and chaotic world. He also explores various aspects of life, including purpose, relationships, time management, and self-discipline, providing tools and techniques to help readers navigate these areas with clarity and intention. By blending timeless wisdom with relatable anecdotes, "Think Like a Monk" encourages readers to develop a deeper understanding of themselves, find purpose, and live a more meaningful and fulfilling life.
3. The Millionaire Real Estate Investor by Gary Keller
The Millionaire Real Estate Investor is a book written by Gary Keller, Jay Papasan, and Dave Jenks. It serves as a comprehensive guide for individuals interested in building wealth through real estate investment. This book literally shaved years off of our real estate investment journey.
The book emphasizes the importance of adopting the mindset of a millionaire real estate investor and provides a step-by-step framework for achieving success in this field. It covers various aspects of real estate investing, including understanding market cycles, developing a financial model, identifying investment opportunities, financing strategies, property management, and building a team of professionals, such as real estate agents, contractors, and property managers, who can help investors navigate the intricacies of the industry. The significance of leveraging other people's time, money, and expertise is essential to maximize returns.
4. Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear
Atomic Habits by James Clear is a book that explores the power of small, incremental changes and how they can lead to remarkable results over time. He introduces the pychology of how habits are formed based on triggers, and the four laws of behavior change making habits obvious, attractive, easy, and satisfying. He explains how to apply these laws to create positive habits and eliminate negative ones that do not serve your goals.
Clear also delves into some tactical tips and tricks such as habit stacking, habit tracking, and the role of environment in shaping behaviors. He provides practical strategies for creating an environment that supports desired habits and eliminating cues that trigger undesirable behaviors.
By implementing the strategies and principles outlined in the book, readers can cultivate effective habits, break destructive patterns, and ultimately achieve long-term personal and professional growth.
5. The Subtle Art of Not Giving a F*ck by Mark Manson
Another book that is not directly related to money and investing, but rather the psychology of happiness and success. In The Subtle Art of Not Giving a F*ck, Manson argues that the key to a fulfilling life is not about avoiding problems or seeking constant positivity but rather about choosing what is truly important and meaningful to us.
Once you have prioritized what truly matters, it is then and only then, you can invest your time and energy accordingly instead of simply being on autopilot. He encourages readers to let go of unimportant things, to be honest with themselves, and to take responsibility for their choices and actions. Below is one of our favorite mind-bending quotes:
"The desire for more positive experiences is itself a negative experience. And, paradoxically, the acceptance of one's negative experience is itself a positive experience."
The book challenges the notion that we should always strive to be happy and instead emphasizes the importance of embracing discomfort, uncertainty, and the inevitable struggles of life. Manson suggests that by accepting our limitations and acknowledging our flaws, we can focus on what truly matters to us and live a more authentic and meaningful life.
Summary
Building financial freedom and achieving success is a lifelong journey that requires knowledge, discipline, and the right mindset. The books mentioned above offer a wealth of information, insights, and practical advice to help you accelerate your progress towards financial independence. By absorbing the wisdom shared within these pages and implementing the strategies outlined, you can gain the knowledge and tools necessary to achieve your financial goals and create the life of freedom and abundance you desire.
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