If you want to make more money and become financially independent, you need to have a wealth of knowledge at your disposal.
Whether it’s how to invest in real-estate, start an online business, or develop sound investment practices, it’d be silly not to learn all you can.
I didn’t read books like these until I graduated college. As a student, I thought I had enough work to do already.
I was wrong.
I didn’t have the awareness to realize I was passing up incredible opportunities to learn about money.
So what changed my mind?
I was $170k in debt when I learned about the first book on this list. I had to read it once I knew the concept, and after that I was hooked.
One after another, I wanted to learn all I could about how to use money to my benefit. If you want to build wealth, I suggest you do the same.
Here are the 8 of the best wealth building books out there.
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Rich Dad Poor Dad by Robert Kiyosaki
This book is a mind-blowing masterpiece which details how and why the rich get rich and the poor stay poor.
Simply put, most people are conditioned to fail and “the system” won’t help you.
It’s a matter of intellectual and financial inequality, and these are the same dynamics that are driving the student loan crisis!
This book will broaden your financial perspective of how money works. It also discusses the important difference between working for money and having money work for you.
Many people believe what they’ve always been told. Unfortunately, people are commonly given bad (but well-intentioned) advice.
Read Rich Dad Poor Dad and change how you think about money. You won’t regret it.
It’s one of the best wealth building books around!
The Intelligent Investor by Benjamin Graham
Investing your money isn’t simple.
Using easy-to-understand language, Graham employs an undying commitment to the long-term. If you’re interested in speculation, there’s no reason to open the book.
One of the key tenants of his method is to stay disciplined and not let the market dictate your investing behavior. Instead of falling victim to the ups and downs, a value investor takes advantage of others’ irrationality and emotion by staying true to form.
This book will certainly keep you busy (over 600 pages), but the lessons hold true since the book’s original publication in 1949.
Some of Graham’s pupils have become some of the most successful investors of all time, including Warren Buffet.
One Up on Wall Street by Peter Lynch
If you think picking stocks is only for the pros, you need to read this book.
Impressed with a product or service that you used lately? Look into the company! Peter Lynch does an excellent job of conveying how being proactive can give you the advantage over Wall Street.
This book is a quick, engaging read that is sure to change your mindset about investing. I highly recommend it!
The Richest Man in Babylon by George Clason
Another great book which is sure to change the way you look at money, George Clason goes back in time to dispense some timeless financial wisdom.
Sometimes the best advice is simple advice. This book stands the test of time and is a must-read for anyone who wants to find the cure for a “lean purse”.
Before you can build wealth you need to get your mind right! The Richest Man in Babylon is a truly enjoyable book that you’ll want to read more than once.
Building Wealth One House At a Time by John Schaub
There are many ways to invest in real estate. In Build Wealth One House at a Time, John Schaub gives great insight for how to do just that with single family properties.
If you’re interested in real estate investing, you need to check out Schaub’s nine-step program. You’ll be itching to buy your first property when you finish this book!
Even if you’re not interested in real estate now, Building Wealth One House at a Time might just change your mind. Check it out!
The Complete Guide to Investing in Rental Properties by Steve Berges
In this book, Steve Berges specifically lays out the truly important aspects of building wealth with single-family rental properties. From finding tenants to financial analysis and lease agreements, The Complete Guide to Investing in Rental Properties is a favorite of mine because of its practical approach and comprehensive advice.
Berges’ Five Golden Rules of Success helped him become a wildly successful real estate investor, and he’s giving you the magic formula at a very reasonable cost!
I’ve read this book once and I’m absolutely going to read it again.
Crushing It in Apartments and Commercial Real Estate by Brian Murray
Think multi-family or commercial real estate is more your thing? Look no further – Brian Murray comes in hot with a classic!
Murray does a great job of breaking down the basics of commercial real estate in a way that everybody can understand. While this isn’t a comprehensive “how-to” guide, you’ll be 200% more comfortable with the subject after reading this.
This book is filled with incredible advice for increasing profits, keeping costs low, growing your portfolio, and competing with corporate investors. Murray uses personal stories and detailed examples to highlight the secrets to his success, all while giving you the tools and knowledge to begin your journey to commercial real estate success.
Give it a read – I promise you won’t regret it.
The 4-Hour Work Week by Timothy Ferriss
I mean, the title alone was enough to make me read this book.
This book is all about working smarter, and time management is the key.
If you’re looking to escape the rat race, this is a must read.
He also questions our idea of retirement. Instead of postponing retirement until the end of your life, why not enjoy more mini-retirements along the way? Sounds fun, doesn’t it?
Reading this book was an eye-opening experience that gave me a glimpse of a world I didn’t know existed.
Would you like to live life on your own terms?
Pick up The 4-Hour Work Week today!
If you want to build wealth, these books will put you on the right track. Have you read any of these books? What else would you add to the list? Let me know in the comments below!
All opinions expressed on this blog are solely those of Home at 30 and are in no way affiliated with any other organization or institution. The purpose of this blog is to give general education and information about investing, wealth, careers, and college; It is not intended to be professional advice.
Author: Josh Ramos
Josh has paid off $130k in student loan debt in 4 years. By founding Home at 30, he wants to help end the student debt crisis by helping students and young professionals make decisions that will reward them for a lifetime.