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

 


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ERIN FALCONER!

Erin shows overscheduled, overwhelmed women how to do less so that they can achieve more. Traditional productivity books—written by men—barely touch the tangle of cultural pressures that women feel when facing down a to-do list. How to Get Sh*t Done will teach you how to zero in on the three areas of your life where you want to excel, and then it will show you how to off-load, outsource, or just stop giving a damn about the rest.

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