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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:

 Think and Grow Rich by Napoleon Hill

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.”

 Outliers by Malcolm Gladwell

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.”

E-Myth Revisited by Michael Gerber

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

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

 

  • http://alidavies.com/ Ali Davies

    I have read most of these books and agree they are very powerful. Will certainly check out the ones mentioned that I haven’t yet read.  I would add to the list ‘The 7 habits of highly effective people’ by Stephen Covey. Such a powerful book packed with practical advice to develop ourselves and get better results. Highly recommed it.

    • eventualmillionaire

       Yes! I was surprised that the 7 Habits wasn’t mentioned. It is an amazing book. :)  What is your favorite book you’ve ever read?

      • http://alidavies.com/ Ali Davies

        One of my favourite books ever and one of the most powerful books I have ever read is ‘The Four Agreements’ by Don Miguel Ruiz. I found it transformational. Have read it countless times.

        Would also include ‘The Anatomy of Peace’ by the Arbinger Institute. Great insights into relationship dynamics, how we contribute to them and how we can improve them. Really thought provoking stuff.

        • eventualmillionaire

           I loved the Four Agreements – thanks for the other recommendation though- I’ve never read the Anatomy of Peace :)

        • http://www.facebook.com/profile.php?id=219704232 Steven Severson

          I’ve added The Four Agreements to my list of books to read. Thanks for the suggestion!

          • http://alidavies.com/ Ali Davies

             Hope you enjoy it Steven. I found it a real game changer.

  • http://pulse.yahoo.com/_IFE6Q4RYA2AUTUDWJG7C6N4WF4 Monkee Do

    The book The Millionaire Fastlane by MJ DeMarco
    It should required reading.
     

    • eventualmillionaire

      I interviewed MJ and when I asked my audience what their favorite book was, MJ’s book was the hands down winner. It’s a game changer!

    • Brad

      Loved that book! Very inspirational for entrepreneurs!

  • http://www.myrkothum.com/ Myrko Thum

    Very good choices in the top #3. I personally liked most:

    1. The Power of New by Eckhart Tolle
    2. 7 Habits of Highly Effective People by Stephen Covey

    • eventualmillionaire

       I noticed that each person has strong feelings about what books have been most powerful for them. I think it tells a lot about the person to see what their favorite books are :)

      • http://www.myrkothum.com/ Myrko Thum

        Yes it certainly seems so. As in my own case, those two books are describing perfectly my own main areas: Personal Development and Spirituality.

        Everything fits together.

        • eventualmillionaire

          Oh wow, I’m not sure! I love MJ Demarco’s book, the Millionaire Fastlane. I also like T Harv Eckers Secrets of the Millionaire Mind. I love Malcolm Gladwell too.
          Is it wrong that I can’t pick three? ;)

          • http://www.myrkothum.com/ Myrko Thum

            No :)

  • Derp

    I”m not a millionaire, but some of these pop-psychology books do little more than open eyes to abstractions. To learn to see the world for what it is and realize how to find leverage in systems to influence growth, decline, and/or sustainability, I would recommend these books:

    For start-ups:
    1) Thinking in Systems : A Primer – D. Meadows
    2) Corporate Creativity – Robinson & Stern

    For growing businesses:
    3) Ultimate Rewards – Stephen Kerr
    4) Brain Rules – J. Medina
    5) Limits to Growth – Meadows, et al.
    6) Genetic & Cultural Evolution of Cooperation – Dahlem Workshop

    • eventualmillionaire

       Awesome! I love it when someone recommends a book that I hadn’t heard of. I was also surprised at how common the books they recommended where. There are a few that aren’t which aren’t on this list because they were only mentioned once :)
      It makes sense that the ones that are most popular in general are also most popular by millionaires :)

      • Derp


        It makes sense that the ones that are most popular in general are also most popular by millionaires…” 

        I would credit that to cybernetics and overvaluing need for money. Each of us is roughly connected to everyone in the US by about 6 degrees. Our actions can affect others as far as three degrees away from us. Since millionaires have larger networks, with exception for spontaneous wealth generators (e.g. lottery winners, law suit winners, etc…), it makes sense that their taste of books reaches a larger audience.

        If you want to get rich, figure out how to centralize a population’s spending and take a margin from the revenue (contract staffing firms). Personally, I’d rather the purpose of business be to increase the quality of employee life and promote environmental sustainability. 

  • http://www.2knowmyself.com/ Farouk

    thanks a lot for the list
    each month i get new books from amazon and those are new good ones to add to the list
    thank you : )

    • eventualmillionaire

       Great! Glad I could help :)

  • http://www.facebook.com/profile.php?id=219704232 Steven Severson

    No millionaire here, but one book that changed my perspective about money is Your Money or Your Life.

    • eventualmillionaire

       I liked that one too- I read it when I was paying off $70k in debt! It helps you realize how much clearing up your money issues helps everything :) (which is what I needed to hear at the time!)

  • http://www.discoveryourpeace.com/ Eri

    I’ve read a few of the books listed in the post and comments.  Hands down, the most influential book for me
    was Dale Carnegie’s How To Win Friends and Influence People, perhaps
    because I also took the course that taught the application of its principles. 

    The common denominator in most of these books
    is that we must fundamentally change our perspectives in order to create a fulfilled
    reality (definition of this tends to be highly individual).  The particulars of implementing such reality
    follow a shift in perception.

    • Sal

      What did you think of the course. I wanted to try it out. I love Everything Dale Carnegie!

      • http://www.discoveryourpeace.com/ Eri

        Highly recommend it … you’ll gain significant growth in your leadership skills, self confidence, how you communicate and relate to people, and how you handle stress.

    • Brad

      Absolutely the most influential book of my life — I’m in the process of rereading it because it has been a number of years, and am remembering how amazing Dale Carnegie’s insight was into people!

  • http://twitter.com/Berin_Kinsman Berin Kinsman

    Thanks for the link to the 1930s Napoleon Hill. I look forward to reading it and trying to spot the differences. 

  • Ovadan

    I’ve read “Rich Dad, Poor Dad by Robert Kiyosaki” and I loved it thanks

    • eventualmillionaire

       That was a great one, I’ve also heard Cashflow Quadrant was a game changer (for a millionaire I’m about to interview in two weeks!)

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  • http://www.themoonlightersguide.com/ Connie Brentford

    Thanks for the list, Jamie. E-Myth Revisited is the one on the list that I haven’t read so I will check that out. Still working on my 10,000 hours but getting there!

    • eventualmillionaire

       One hour at a time right Connie? :)

      E-Myth Revisited is a book I recommend to SO many people. Great read!

  • http://www.rpsmiles.com/ Del Mar Dentist

    Where can I can the hard copy of these Napoleon Hill book ? Sounds amazing. I do agree that it’s all in the mind whether you want to succeed in life.

  • Jen5862

    I’m not a business owner or entrepreneur. Will these books help me with anything?

  • http://www.facebook.com/khaled.mutar Khaled Matar

    Good evening,I am reading and listening Think and Grow Rich by Napoleon Hill since 1 year now.This is a Treasure!We should find this book in all school.
    Outliers by Malcolm Gladwell is even a great book.
    I am sincerely surprised that The 4 Hours Work Week by Timothy Ferriss is not in this list.This is an extraordinary book which I have been reading since 1 year.I will strongly recommend this book to all of you.

  • http://www.facebook.com/khaled.mutar Khaled Matar

    Good evening,I am reading and listening Think and Grow Rich by Napoleon
    Hill since 1 year now.This is a Treasure!We should find this book in all
    school.
    Outliers by Malcolm Gladwell is even a great book.
    I am
    sincerely surprised that The 4 Hours Work Week by Timothy Ferriss is not
    in this list.This is an extraordinary book which I have been reading
    since 1 year.I will strongly recommend this book to all of you.

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  • Dawn Marie A50

    Love the article. You should now creAte a list of books from the comments section and indicate who ‘s recommendation it is. Perhaps u could put the list after your article after “Other Recommended Books”.

  • Spavlis

    Ok one more is the garden of Epicurus by Irving yialum

  • Nathan simuchimba

    I have read jack canfield Principles of Success,Paul Yonngi Cho Fourth Dimention,Brian Tracy 100 Laws of business success,Millionaire Habits plz read them.

    Nathan Simuchimba

    Zambia

  • jim

    did think and grow rich actually make a lot of millionaires or simply inspired people?
    im really skeptical coz napoleon hill himself didnt have a business, got divorced twice, got broke a few times, was rejected by his family, and got rich only by writing and selling his books.
    here’s the link of his biography
    presidentspilotsentrepreneurs.com/2012/10/napoleon-hill-lifetime-of-tragedy.html

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