7 books to read in 2017 if you want to be rich

January 1, 2017 15:34

Studies show that 88% of the world’s wealthy spend at least 30 minutes a day reading. If it works for them, it can work for you.

According to CNBC, below are some famous personal finance books that can help you get rich in the new year.

1. Business Adventures by John Brooks

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Rich people tend to believe that business is the fastest way to make money. This book will teach you how to do it, but not in the traditional way. It is also a favorite book of Bill Gates and Warren Buffett.

"Unlike many business writers today, Brooks doesn't offer how-to lessons or simplistic explanations for success," Gates said. "You won't find listicles in this book. Brooks writes long articles about a topic, delves into it, introduces compelling characters, and shows how what he writes applies to those situations."

Just because it was published in 1969 doesn’t mean it’s no longer relevant. Gates says that while the business environment has changed a lot, the foundations for a strong business remain the same.

2. The Little Book of Common Sense Investing by John C. Bogle

Investing is one of the most effective ways to build wealth, if you do it right. Bogle, founder of the Vanguard Group and creator of the world's first index fund, details the simplest and most effective investment strategy in this book: investing in low-cost index funds.

Legendary investor Warren Buffett once said this is a book that every investor, big or small, should have a copy of.

3. The Essays of Warren Buffett by Warren Buffett and Lawrence A. Cunningham

This is a 700+ page book that compiles the business, investment and life philosophies of the wise man of Omaha. It will help you understand everything about this investment legend.

4. Tools of Titans by Tim Ferris

What does it take to become a billionaire? Tim Ferriss's latest book takes you through the daily routines of celebrities, professional athletes, hedge fund managers, and more. To do this, Ferris interviewed more than 200 of the world's most accomplished people.

5. Be Obsessed or Be Average by Grant Cardone

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To get rich, you must learn from those who have done it. Millionaire salesman Grant Cardone understands this very well. He has built 5 companies and has a net worth of millions of dollars.

In his latest book, he emphasizes that if you want to be truly successful, you must be hungry, focused, and obsessed. Cardone has many unconventional views, such as not liking to buy a house or putting money into a retirement account. However, these strategies helped him go from broke at 25 to a millionaire by 30.

6. The Power of Broke by Daymond John

The famous investor on the startup TV show Shark Tank turned FUBU into a $6 billion brand, starting from an initial $40. Throughout the business, he was rejected and lost a lot.

But being broke has at least one great benefit. It stimulates creativity and divergent thinking. He explains this in his book. John advises not to throw away your chances of success and wealth just because you have too little money in your bank account. Consider it an advantage.

7. You Can Negotiate Anything by Herb Cohen

If you want to earn more in 2017, the simplest, yet most overlooked, way to do it is to negotiate a raise. If you’re too nervous about going to your boss to ask for it, read Cohen’s book. It will help you get what you want and deserve.

According to VNE

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7 books to read in 2017 if you want to be rich
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