9 Best Books To Read In Your 20’s To Become A Wealthy Individual
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Have you ever wondered – what are the best books to read in your 20 ́s to become a wealthy individual like Elon Musk or Warren Buffet?
Of course you have, or else you wouldn’t be here reading this, right?
I definitely have too.
Many of the world’s most wealthy and successful people are constantly reading self-development books and even started reading them in their 20’s.
In fact, a study from Tom Corley book, who researched 233 self-made millionaires, showed that “on average, wealthy people read about 30 minutes everyday”.
While a recent study showed that “on average, Americans ages 20 to 34 spend a mere 0.11 hours reading daily, which amount to less than 7 minutes per day.”
Imagine if you were to start reading books that are being recommended by millionaires who have made it to the top.
I wonder how much knowledge you’d be able to acquire and actually make something out of it.
Let’s take a quick look at the reading habits of some of the wealthiest people on our planet:
- Elon musk reads about 12 hours a day
- Warren Buffet would read 600 to 1,000 pages per day
- Mark Cuban reads about 500 pages a day
- Bill Gates would read an average of 50 books a year
- Tony robbins read about 700 books within 7 years
If you read Tom Corley’s book called “Rich Habits: The Daily Success Habits Of Wealthy Individuals”, you’ll see that he researched the difference between successful and poor people. His research results indicate that rich people read more self-improvement books instead of entertainment books.
This is no coincidence as to why they are the most wealthiest people right now.
I want to share with you a list of the Top 9 Best Books To Read In Your 20s that have been recommended by the most successful and wealthiest entrepreneurs.
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1) How to Win Friends & Influence People by Dale Carnegie
Dale Carnegie is a best-selling author. I would highly recommend this book to anyone who is a manager, leader, business owner, public speaker, looking for a relationship or dating, and getting people to instantly like you.
This book teaches you tactics on how to interest people and win people over with your way of thinking.
It also teaches you tools for negotiations, leadership, mediating difficult situations, and dealing with people’s emotions.
One key take-away: Dale Carnegie talks about the importance of remembering people’s names.
When you remember to use someone’s name, you make them feel special and important, and they are bound to like you more.
This is how you build authenticity and get people to trust you.
“You make more friends in two months by becoming genuinely interested in other people than you can in two years by trying to get other people interested in you.”
Okay, read that quote again.
I found that quote super powerful and eye-opening because we tend to talk more than we listen.
Believe it or not, listening to others is the key to get them to like you more.
Quotes from the Book:
“Talk to someone about themselves and they’ll listen for hours.”
“We are interested in others when they are interested in us.”
“Success in dealing with people depends on a sympathetic grasp of the other person’s viewpoint.”
“The deepest urge in human nature is the desire to be important … always make the other person feel important.”
“You make more friends in two months by becoming genuinely interested in other people than you can in two years by trying to get other people interested in you.”
2) Think and Grow Rich by Napoleon Hill
Napoleon Hill is a self-help author and is primarily known for “Think and Grow Rich”.
This book was actually inspired by Andrew Carnegie (the richest, most successful entrepreneur of all time) because Napoleon admired his philosophical ideas.
This is by far the best book I have ever read so far.
I literally bought 4 copies of this book and gave them to my friends and family members who have been financially struggling because I know this book can influence their lifestyle.
So what makes this book entirely different from any other law of attraction book?
The simple fact that Napoleon provides readers with a hands-on approach by having them write down their goals and practicing reaffirmation.
Here are some examples of what I mean:
- “Fix in your mind the exact amount of money you desire. It is not sufficient merely to say, “I want plenty of money.” Be definite as to the amount.”
- “Determine exactly what you intend to give in return for the money you desire. (There is no such reality as ‘something for nothing’).”
- “Establish a definite date when you intend to possess the money you desire.”
- “Create a definite plan for carrying out your desire, and begin at once, whether you are ready or not, to put this plan into action.”
- “Write out a clear, concise statement of the amount of money you intend to acquire, name the time limit for its acquisition, state what you intend to give in return for the money, and describe clearly the plan through which you intend to accumulate it.”
- “Read your written statement aloud, twice daily, once just before retiring at night and once after arising in the morning. As you read, see and feel and believe yourself already in possession of the money.”
I literally have read this book 2 times already and I am planning on reading it again.
You learn about the mindsets of legendary individuals who have lived before us and he uses great examples of what we should be doing based on their actions.
You will learn about Marconi, Thomas Edison, and John D. Rockefeller.
If you have not heard of them, you need to read this book to understand how these individuals came to be the most wealthy people of all time.
This book has changed the way I meditate in the mornings, afternoons, and at night before I go to bed.
Think and Grow Rich is a great book to read in your early 20’s.
3) The 7 Habits of Highly Effective People by Stephen Covey
Honestly, this book was kind of boring at the beginning, but then it started to get really good.
The 7 Habits of Highly Effective People is an amazing book for entrepreneurs and just about anyone who wishes to change their lifestyle into a wealthy life by adopting effective habits.
Stephen Covey says the best way for someone to change a situation is by simply changing themselves.
In the first habit, Covey explains that our situations and the outcome of our lives solely depend on us, and we should be responsible for our actions.
Covey explains that we need to be proactive instead of reactive.
Reactive people are those who say things like “There’s nothing I can do about it anyways” or “Well, that’s just how life is”.
While proactive people recognize that their situation and outcomes are their very own responsibility to change.
So if you want to learn about developing positive and productive habits, then I would recommend this book for you.
4) The 10X Rule by Grant Cardone
Actually, this book is so good, it’s definitely tied with the previous book I mentioned, Think and Grow Rich!
Grant Cardone is a multi-millionaire with dozens of real estate properties, bestselling author, number #1 sales trainer, and amazing motivational speaker.
Did I mention he’s a real estate king?
Grant Cardone is the real deal.
If you ask him for advice about how to become successful, he is going to tell you that you need to work 10X harder and think 10X more than others.
Simple as that.
The majority of us who establish goals for ourselves are not setting them high enough.
Grant Cardone emphasizes that you need to take massive action if you truly want to reach your fullest potential.
In other words, you need to set your goals 10X higher than what you previously established for yourself.
Reading this book will definitely inspire you and reshape your mindset to become a more proactive person.
Here are some of my favorite passages from the book:
“You will either work to accomplish your goals and dreams or you’ll be used to accomplish someone else’s goals and dreams.”
“You have to be obsessed. Nobody has ever accomplished something incredible without obsession.”
“Success by others is an indication that something is possible. It should inspire you.”
“People will say, ‘success isn’t everything’. No shit. Of course success isn’t everything. But it is important. And diminishing that importance with saying ‘success isn’t everything’ gives you an excuse to limit your vision of success for yourself and the actions you take.”
“Those who use blame as a reason for not achieving success will never be successful. Victim-thinking doesn’t benefit you.”
5) Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money by Robert Kiyosaki
Reading Rich Dad, Poor Dad definitely changed the way I look at money now.
It really makes you wonder why no one informs us about how money and taxes TRULY work.
It also gives you an understanding of why major companies like Disneyland, Amazon, and Netflix barely pay anything in federal taxes.
Rich Dad, Poor Dad teaches you that to truly be rich, you need to stop working for others and make money work for you.
We are so fixated on buying luxurious items, cars, houses and automatically want to go out and spend money the moment our direct deposit hits our bank account.
The key takeaway from this book is that those who are not good with their money will still have less if they continue to work for money.
Those who are smart with their money end up making more money from their investments because they learn how to make money work for them.
Here are some quotes from the book that really resonated with me:
“The fear of being different prevents most people from seeking new ways to solve problems.”
“An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first”
“The rich focus on their asset columns while everyone else focuses on their income statements.”
“Financial struggle is often the result of people working all their lives for someone else.”
“Great opportunities are not seen with your eyes. They are seen with your mind.”
“A person can be highly educated, professionally successful, and financially illiterate.”
“For most people, the reason they don’t win financially is because the pain of losing money is far greater than the joy of being rich.”
6) The Secret: The Law of Attraction by Rhonda Byrne
This book illustrates how every aspect of your life (such as your relationships, financial status, health conditions, and career aspirations) are all impacted by universal laws that help you manifest your desires.
By meditating and focusing on exactly what you want, your thoughts and desires will become your reality.
If you can deliberately control your thoughts and actions towards your deepest desires, then at some point they will manifest into reality.
This is a good book for anyone looking to learn how to control their thoughts, start manifesting them into reality, and start eliminating negative thoughts from their mindset.
Out of all the books, I would start with this one.
This book is the root of all the greatest books out there because truly believing and seeing it in your mind is a crucial component to success.
7) Millionaire Success Habits: The Gateway to Wealth & Prosperity by Dean Graziosi
Dean Grazios is a business owner, entrepreneur, real estate expert, author and motivational speaker all around the world. I’m sure you have seen him on YouTube ads talking about this book.
In his book, he claims that to truly become wealthy, you need to start by changing your habits and shifting your mindset.
All successful people work hard everyday.
Instead of thinking about what obstacles are in your way, you should focus on the outcome that you desire.
Figure out exactly where you are in life right now, where you want to go, and what is your ‘why’.
Asking yourself tough questions and actually writing them down will lead you to success.
The following are examples from what he calls the 7 Levels Deep exercise to reveal more about yourself.
Where do you want to live?
What do you love to do?
What are some things that are holding you back?
What is your why?
Why do you want to make $1,000,000 dollars a year?
Your state of mind will play a crucial role in your success. It’s not always the most intelligent ones that reach this level but the ones who are the most confident.
If you are having trouble discovering who you are and why you want to be wealthy, then this book will help you do just that.
8) The 10 Pillars of Wealth by Alex Becker
You probably don’t recognize him by name, but you’ve definitely seen Alex Becker on many YouTube ads talking about how you can make thousands of dollars from Shopify.
He’s usually sitting on a Ferrari or Lamborghini.
I’ve never tried any of his products or services, but I’ve read some great reviews about his book The 10 Pillars of Wealth.
It’s actually highly recommended by many entrepreneurs. It’s definitely a book I plan on reading after I’m done with Millionaire Success Habits: The Gateway to Wealth & Prosperity.
Alex Becker describes the idea that so many of us have been told – to attend college and earn a job that will have us earning $100,000 a year. After a couple years of working your way through the corporate ladder, you’ll “eventually get there”.
Below are the Pillars of Wealth he mentions in his book.
The First Pillar: Rejecting “Getting Rich Slow”
The Second Pillar: Separating Time from Money
The Third Pillar: Accepting That You Must Be Better Than Everyone Else
The Fourth Pillar: Everything Is Your Fault
The Fifth Pillar: Adopting an Abundance Mindset
The Sixth Pillar: Forgetting “What if” and Focusing on “What is”
The Seventh Pillar: Mapping Out The Actions You Need To Achieve Your Goals
The Eighth Pillar: Focusing Solely on What Gets You Paid
The Ninth Pillar: People Give Money To People Who Understand People
The Tenth Pillar: Finding Competitive Friends and Suitable Mentors
If you want to learn more about what each of these pillars means, then I would read this book.
9) Mindset: The New Psychology of Success by Carol Dweck
Carol Dweck is one of top leading researchers in the study of motivation, mindsets, and how you can foster success.
When I was at Cal Poly, one of my internships focused on her theory (which is an important piece of this book): Growth Mindset versus the Fixed Mindset.
According to Dr. Dweck, there are two different mindsets people tend to have: “a fixed mindset about intelligence (the belief that your traits, or characteristics are inherited) versus a growth mindset about intelligence (the belief that intelligence can be developed through personal effort).”
Dr. Dweck’s research shows that having a growth mindset can contribute to greater achievement, resiliency, and increase your work ethic.
On the other hand, those with a fixed mindset are less likely to ever change their efforts, intelligence, talents, and as a result, live a life controlled by others.
Below are some famous quotes from Dr. Carol Dweck’s book, Mindset: The New Psychology of Success.
“Think about your hero. Do you think of this person as someone with extraordinary abilities who achieved with little effort? Now go find out the truth. Find out the tremendous effort that went into their accomplishment – and admire them more.”
“For twenty years, my research has shown that the view you adopt for yourself profoundly affects the way you lead your life.”
“Test scores and measures of achievement tell you where a student is, but they don’t tell you where a student could end up.”
“Character, heart, the mind of a champion. It’s what makes great athletes, and it’s what comes from the growth mindset with its focus on self-development, self-motivation, and responsibility.”
This is definitely recommended for you if who want to change your mindset into believing that your effort will dictate the outcome of life.
If you truly wish to change your lifestyle, health, wealth, or relationship status, you need to start by investing in yourself.
All the books I mentioned above are some of the best books to read during your early 20´s.
Developing a money and growth mindset starts with informing and absorbing as much knowledge and information as you possibly can from these great authors who have studied millionaires and using that knowledge for a specific purpose.
As always, I hope you enjoyed reading my blog.
What book interested you the most in this blog?
Are there any other books that you would recommend people in their 20´s to read?
Let me know in the comments below.
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