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Empowering Your Financial Journey

People Who Want To Become Millionaires

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The proper knowledge can be your most valuable asset in pursuing a seven-figure net worth.
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Studies show that 85% of self-made millionaires read at least two books per month, while the

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correlation between reading habits and wealth accumulation is no coincidence. These ten

books represent the collective wisdom of researchers, entrepreneurs, and financial experts
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who have studied or achieved significant wealth.

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Each offers unique insights into the mindset, habits, and strategies that separate the financially

successful from those who struggle. Let’s explore the essential lessons from each of these

wealth-building classics.

People who want to become self-made millionaires read these ten books:

1. “Rich Dad Poor Dad” By Robert Kiyosaki

This groundbreaking book has sold over 32 million copies worldwide since its publication in

1997. Kiyosaki’s central premise revolves around the difference between assets and liabilities.

While most people work for money, Kiyosaki teaches readers to have money work for them

through acquiring income-generating assets.

···
His Cash Flow Quadrant concept illustrates four ways people earn money: as an Employee (E),

Self-employed (S), Business owner (B), or Investor (I), with actual wealth creation happening

predominantly in the B and I quadrants. Kiyosaki defines wealth not by the size of your

paycheck but by “the number of days you can survive without working.” This perspective shift—

focusing on financial education and passive income—has transformed countless readers’

approaches to money management.

2. “Secrets Of The Millionaire Mind” By T. Harv Eker

Eker introduces the concept of your “money blueprint”—mental programming established in

childhood that determines your financial outcomes. The book identifies 17 ways rich people

think differently from the middle class. For instance, wealthy individuals focus on

opportunities, while others focus on obstacles.

reprogram your financial thinking, Eker provides practical exercises like “wealth declarations”

and the “jar system” for money management.

His research found that people with wealth-focused mindsets increased their incomes by an

average of 267% within two years. The book’s power lies in addressing the psychological

···
foundations of wealth rather than merely tactical advice.

3. “Rich Habits” By Thomas C. Corley

Based on Corley’s five-year study of wealthy individuals, this book identifies specific daily

habits that distinguish the rich from everyone else. His research found that 88% of wealthy

people read for self-improvement at least 30 minutes daily, compared to just 2% of the poor.

Additionally, 76% of wealthy individuals exercise aerobically four days a week. Corley

discovered that rich people spend significantly more time networking, pursuing goals, and

tracking expenses. According to his research, these habits typically take 2-3 years to

incorporate into one’s lifestyle fully. The book’s value comes from its focus on implementable

daily actions rather than abstract concepts.

4. “Think And Grow Rich” By Napoleon Hill

Published in 1937 after 20 years of research studying over 500 successful individuals,

including Andrew Carnegie and Thomas Edison, this book has sold over 100 million copies. Hill

identified 13 success principles, including the power of thought and desire and the

“mastermind principle”—the coordination of knowledge and effort between two or more people

for a specific purpose.

He introduces the concept of autosuggestion, using affirmations to influence your

subconscious mind toward success. Hill’s finding that success begins with a “definite chief

aim” written down and revisited daily remains one of the most influential concepts in personal

development literature. The book’s enduring impact stems from its empirical approach to

success principles.
5. “The Millionaire Next Door” By Thomas J. Stanley
And William D. Danko

Based on extensive research involving thousands of millionaires, this book shattered

conventional images of wealth. The authors found that most millionaires live well below their

means, with 80% being first-generation wealthy. They identified Prodigious Accumulators of

Wealth (PAWs) who prioritize financial independence over high consumption.

Their research revealed that the typical American millionaire drives a non-luxury car, lives in a

middle-class neighborhood, and spends less than $400,000 on a home. Stanley and Danko

found that 80% of millionaires are ordinary people who consistently follow the principle that

“financial independence is more important than displaying high social status.” This research-

backed approach to wealth accumulation through frugality and disciplined investing remains

highly influential.

6. “How Rich People Think” By Steve Siebold

From interviews with over 1,200 millionaires and billionaires conducted over three

decades, Siebold contrasts middle-class and wealthy thinking across 100 factors. The

rich see money as an opportunity seed, while the middle class views it as a scarce

resource.

Rich people pursue specific knowledge to solve problems and create value, while average

earners focus on entertainment and general information. Siebold found that wealthy

individuals are significantly more likely to choose their friends based on positive influence

rather than convenience or history.

His research shows that the wealthy deliberately seek discomfort for growth while others

prioritize comfort and security. The book’s strength lies in its direct access to the actual

thought patterns of successful individuals.

7. “The Millionaire Fastlane” By MJ DeMarco

DeMarco challenges conventional financial wisdom by identifying three financial “roadmaps”:

the Sidewalk (living paycheck to paycheck), the Slowlane (traditional save-and-wait approach),
and the Fastlane (entrepreneurial wealth creation). The five Fastlane commandments—Control,

Entry, Need, Time, and Scale (CENTS)—provide a framework for evaluating business

opportunities.

DeMarco emphasizes that true wealth encompasses Financial, Family, and Physical Freedom—

not just money. Implementing these principles led him to build and sell a multimillion-dollar

business before the age of 35. The book resonates particularly with entrepreneurs seeking to

accelerate wealth creation beyond traditional employment and investment models.

8. “The Automatic Millionaire” By David Bach

Bach’s book centers on “paying yourself first”—automatically directing at least 10% of income

to investments before other expenses. His “Latte Factor” demonstrates how small daily

expenditures compound significantly over time. With $5 daily savings invested at 8%, they grow

to over $150,000 in 30 years.

Bach’s research showed that automating finances increased the average person’s savings rate

by 300%. He advocates homeownership as a wealth-building strategy, with data showing

homeowners have an average of 40 times the net worth of renters. The book’s practicality

comes from its simple automation strategies that work regardless of income level or financial

sophistication.

9. “The Psychology Of Money” By Morgan Housel

Housel’s modern classic examines how human behavior affects financial outcomes more than

mathematical knowledge. He demonstrates how personal experiences, risk tolerance, and

studies.

Housel introduces the concept of “reasonable” versus “rational” decisions, showing why

technically suboptimal financial choices often lead to better outcomes due to behavioral

sustainability. He presents compelling evidence that saving habits depend more on controlling

spending than on income level.

His research indicates that long-term financial success correlates more strongly with avoiding

catastrophic mistakes than maximizing returns. This psychological approach to finance has

garnered widespread acclaim for addressing the human elements frequently overlooked in

financial education.

10. “The Education Of Millionaires” By Michael Ellsberg

Based on interviews with numerous self-made millionaires without college degrees, Ellsberg

identifies seven critical skills for success absent from traditional education. He found that

practical marketing ability, sales skills, and relationship-building contributed more to financial

success than academic knowledge.

His research showed that entrepreneurs earn 50% more on average than employees with

similar educational backgrounds. Ellsberg documents how most successful entrepreneurs

used mentors and real-world learning rather than formal education for their most valuable

skills. The book provides a compelling alternative educational roadmap for those seeking

financial success outside traditional pathways.

Conclusion

The journey to financial success requires more than just information—it demands a

transformation of mindset, habits, and daily practices. These ten books provide

complementary perspectives on wealth creation, from psychological foundations to practical

strategies.

The common threads include developing passive income streams, controlling expenses,

continuous self-education, and adopting the mental patterns of the already wealthy. Financial
 freedom comes not from a breakthrough but from consistently applying proven principles.

As Kiyosaki states, “It’s not how much money you make, but how much money you keep, how

hard it works for you, and how many generations you keep it for.” The question isn’t whether

you can afford these books—it’s whether you can afford not to read them.

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