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If you’re not occasionally reading already, you should be! Reading has shown to have so many beneficial effects such as reducing stress, improving memory, developing critical thinking skills, and more.
Reading teaches you things you’ve never even thought to learn and opens your eyes to so much more. If you’re someone who is always looking to reach higher heights and become a better version of yourself tomorrow than you were today, pick up some books.
In particular, if you’re interested in learning more about how to understand and manage your personal finances, here are 4 books that will make you see things differently. These 4 books are part of a list of 49 recommended books for entrepreneurs. Let’s get started!
Rich Dad Poor Dad by Robert Kiyosaki
Rich Dad Poor Dad by Robert Kiyosaki is a classic that will forever change your understanding of personal finance. Kiyosaki is a successful entrepreneur who grew up with two father figures. His “rich dad” was an entrepreneur managing several businesses and his “poor dad” was a professor constantly struggling to make ends meet. Kiyosaki himself has made most of his wealth in real estate.
Kiyosaki draws from his own experience as an entrepreneur and from the lessons his rich dad taught him. The biggest takeaway I had from the book was the mindset that you ultimately need to have in becoming and staying rich.
This book fundamentally changed how I see a 9-5 job and also how I should be thinking about managing my money. Kiyosaki actually inspired me to start my own blog where I’ve been able to build a passive income from it.
The 4-Hour Workweek by Tim Ferris
The 4-Hour Workweek is a great read for aspiring entrepreneurs when it comes to thinking about how to manage and use their money effectively.
For example, he talks about how you can build a business remotely and outsource your work to have your business run on autopilot. This will be particularly helpful to those who are stuck with the business they want to start or for those who are looking for ways to scale their business.
Tim Ferris is an entrepreneur, author, and podcaster of the Tim Ferris Show, the #1 business podcast.
The $100 Startup by Chris Guillebeau
The $100 Startup is another recommended read that gives you perspective in beginning a business from a monetary standpoint. Many people end up not starting a business because they give themselves a lot of excuses. Whether it’s being worried about the startup cost or trying to perfect an idea before launching, many end up not committing. Guillebeau talks about how you really don’t need much capital to pursue a personal passion and make money from it.
In preparation for writing the $100 Startup, Guillebeau found 1,500 entrepreneurs who built a substantial business in many cases with just under $100. The book focuses on 50 of those entrepreneurs and shares how they were able to see success, pursue their passions, what they did well, and also mistakes they made.
Chris Guillebeau is an entrepreneur himself who has never had a “real job” earning a regular paycheck, but has found much success in monetizing opportunities. He currently also hosts the Side Hustle School, a podcast that is downloaded more than 2 million times a month.
DotCom Secrets by Russell Brunson
DotCom Secrets by Russell Brunson is a book specifically for entrepreneurs. This one doesn’t talk specifically about personal finance and managing your money, but I’ve included it in the list because it ties nicely with the first 3 books that do. If you’ve decided that you’d like to start your own business to take control of your own finances, DotCom Secrets is the incredible next step to do this since everything inside is super actionable.
The book includes everything from how to create your own funnel, research your competitors, hack your traffic, build a connection with your audience, and more. There is also a follow-up book, called Expert Secrets.
Russell Brunson is the co-founder of Clickfunnels, a $360-million business that helps you build a landing page for your business. He started his entrepreneur journey in college where he sold everything from potato gun DVDs to shirts.
The four books, Rich Dad Poor Dad, The 4-Hour Workweek, The $100 Startup, and DotCom Secrets are all must-reads for those taking a step towards financial freedom and building their own business. Robert Kiyosaki teaches you what it means to be rich and stay rich, both physically and mentally. Tim Ferris teaches how you should be thinking about spending the money. Chris Guillebeau teaches you that if money is a concern to start a business, it shouldn’t be. And finally, Russell Brunson helps put everything together with actionable tips.
About the Author
David Lau is the creator of Smart Income Today where he helps aspiring entrepreneurs build an online business that gets them excited. Previously, he led growth at a company and managed a multi-million dollar marketing budget. He helped them see double-digit growth that helped secure $22M in fundraising.