Ready to grow your bank account & net worth.
These books will help you immensely on your way to being rich.
Hey guys, max here, there are so many good personal finance books. I've read over the years. I'm going to go over three that I really had a very strong impact on me. And I promise you, these books will help your finances mentally. So here we go. The first one is the richest man in Babylon. This is one of the first ones that ever read.
And it's nice because it's novel. Like it's not just. Numbers numbers, numbers, projections over and over again, because those are very boring. These it's a very novel like book. It goes through principles and it's based in prehistoric a long time ago, Babylon. And it has a very cool story to it. There are three principles that I got from this book.
The first one being start thy purse to fattening. Yes. It sounds funny town mindset, mindset. Before we do anything with finances is everything because the reality is. It doesn't matter how much money you make. It's about how much you keep. So if you start with an empty purse and you start adding more and more, it starts fattening, which is a good thing for you.
Second, Ritzville make thy gold multiply, figure out a business venture side hustle, something that you can send your soldiers out and they can bring back new prisoners. You send your soldiers out like money and they come back and bring more money. Cause the reality is if you just put money in a savings account to.
Feel good and feel secure with inflation. Your money is actually going backwards. So you're actually losing money. Even if they're paying you interest. That's why savings accounts are only for very, very short term liquid money. Other than that, you need to figure out how to make it grow. And the only way you can do that is by taking risks.
Nothing good in life comes from sitting on your rear end and doing nothing. Nothing. You must actually take risks, do research and get educated. Third principle increase the ability to earn which means you're doing a great thing by reading and simply increasing your skills, learning new skills, learning new things, because the reality is life is changing every single day, a little bit today to 2030, there's probably going to be big changes.
Not probably there is going to be big changes. And the changes that you want inside view are the positive ones that help you become even more well rounded. So if you're in very, very particular niche, do something different, learn a new language, earn, learn a new skill, or just simply learn more about how money works, because there is a very specific way money works and not many people know about it.
Overall. It's an easy read. I bet you, you could finish that in one weekend. It's very easy. Read. And when I say easy, I mean, it's fun. It's not just jargon, jargon, textbook type. It actually is really enjoyable. The next one is rich dad, poor dad. I rubber Kiyosaki. You will see so many negative reviews on this one online.
As I was doing research, I was looking at them and I thought to myself, what could possess someone to write a very, very bad online review for. This book. And I think it really comes down to that green. They envy, they envy Robert success with that book. It is the number one best selling personal finance book in history, 4 million plus copies.
That's a pretty big feat. And when you start thinking about it, 4 million people, that's insane. So whenever you see a ton of tech, terrible negative reviews on something that's been so damn successful, do a little more research and I would encourage you. Just buy the book and read it to see what it's all about because reading a 15 word snippet on someone's negative view because they never actually put the principles into practice is that's the fact that it worked because he didn't put the principles into practice.
This book teaches you the principles of the rich and then what they teach their kids. Seriously. The tagline, the subtitle is what the rich teach the poor, what the rich teach their kids that the poor doesn't know about because the reality is money is very specific. It works in a certain way. You can do a lot of different things to grow your money, but it works in a very particular way.
First principle, I love about this book is the rich have money work for them. His first principle is the workshop. The rich don't work for money. They make money work for them and you're thinking, Hmm, that's kind of odd. Don't I go to work and you know, they pay me money to work. Yes. And that's exactly what you want to grow out of because trading.
Time for dollars is how you get stuck in an employee track for the rest of your life. And I promise you when you're 55 years old, you don't want to keep on saying I'm an employee. There's some pride in me that makes me want, I want to say that. And then you as well, cause you want to keep on upgrading in life.
And the reality is when you take risks, you may succeed. It's not guaranteed by any means, but if you don't take risks, you'll never become an extraordinary person with money. Because you simply don't ever swing. You can swing the bat. And you might hit ball and you might miss it, but if you never ever go up to the plate with that in hand, you'll never succeed.
And I love when people say, Oh, I'm playing it safe. I'm keeping a lot of cash or whatever it may be. I just laugh because playing it safe, never had anyone to accomplish. Anything. Great. And I don't know about you, but I want to accomplish great things. Second principle. I love about this book, acquire assets, not liabilities, a super easy definition of an asset compared to liability.
And asset gives money to you on a periodic basis. A rental home that pays you a thousand dollars a month. Every single month in perpetuity. As long as you have rented out is an asset, a brand new car that costs $500 a month. For 60 months is a liability. My thing is if it's, if it's shiny, it's most likely a liability, they're going to find things that add money on a regular basis, self employment, income, rental properties.
There are many, many dividends on stocks. I'm going to stock person. Maybe, maybe you are. You got to find something that's going to pay you on a regular basis because getting out of the rat race, the rat race is your nine to five. The 95 is great when you're young, but eventually you come to the point.
It's like as much as I love have loved working for my employers, there's something bigger out there for me. And I think that's out there for you too. And that's having residual income coming in every single month. And then it probably has most straightforward principle is. It's not about how much money you earn.
It's about how much money you keep, keep the money. So you can invest in these assets as opposed to continuing the addiction of buying things. Yes. I see your Amazon cart full of crap. Stop buying things. Once you can transcend that addiction of buying things, whether it be clothing, whether it be knick-knacks, uh, uh, sunglasses, uh, knickknacks for your house.
Whatever it may be. Once you can overcome that addiction, which recovering trumping out of care clothing specifically, once you can overcome that, you realize that Hmm, my money can actually go towards things I want in the future. The expedient, which is the here and now is very enticing. Very, very, very sweet, but it's just sweet.
And the tongue. And then eventually it becomes very sour. So do not sacrifice the expedient for what you want longterm. You must continue thinking about what's going to happen in five years from now. How am I preparing myself right now in this day to prepare for the person five years from now? And if that means going to Starbucks every day, I've added no judgment here, your money.
How about it? That's just not me because first off I don't like caffeine. I already have enough energy as it is second off that doesn't coincide with my longterm goals and being totally and utterly financially free. There's a reason. That's the number one best selling personal finance book ever, ever, ever.
The best selling book in the world is the Bible. For special like personal finance book, which is kind of a personal finance Bible is thinking grow rich. So I love the book I recommend to everybody. I've had my brothers read it. I've had many people look into it because the reality is the faster you can get out of the nine to five rat race and into the residual income on assets.
The faster, I believe you can finally unclutter your mind of all the stupid paperwork and nitty gritty things you have to do on the day to day. Because I hate yes. Hate. I didn't get hit very often. I hate doing nitty-gritty things that take very menial energy for me. I want to spend my energy thinking about visions on the future and what I'm going to meet, not my calendar appointments, another one Napoleon Hill think and grow rich.
This one is probably the most spiritual out of all of them. I mean, when it comes to really mindset and. Becoming a different person in the best way possible going forward. You've got to look inward and look more spiritual. This one is the most spiritual one because it really, really knocks on the door of faith and mindset is what this focuses on immensely and the magnetizing, the law of attraction.
As you become the financially abundant person, you begin attracting abundant things into your life. Whether it be business partners. Uh, a significant other who supports you in this, as opposed to, if you're a petty envious person, you're going to track those things. So this book is all about attracting the things that you are becoming the first big principle.
This one is the imagination. I don't know about you, but. I had pretty much my whole entire imagination destroyed and stamped out by the time I was adult, because I was always told to play it safe, go to college, do the normal stuff that everyone else is doing. But then I started realizing about halfway through college, that everyone who was an accountant, which is about how I was going to be going to be a CPA.
I looked forward and solid about five years out. And I conversation with them and realized they work 55, 60 hours a week for an employer who doesn't appreciate them. And they can be like go at any time. And that's kind of the, the crux of being an employee. The leverage is so much on the employer because there is a huge pool of qualified applicants.
Everyone is replaceable. I joke, well, this one, but it, because it's true, Joe Montana, all those super bowl rings. Undefeated was replaceable. Everybody on this earth is replaceable. So don't every think you're that special. I mean, you are very special, but you can be replaced. And so can everybody else. Let your imagination again, grow and overtake you.
At times I spend in the morning visualizing what's going to happen for the day and what's going to happen down the road. When this hair is a lot thinner and a lot greater that visualization and imagination has led me to create a vision board. A vision board is just. A very easy. Elmers four foot by three foot.
I believe board of all the things I want to accomplish B and having life. It has my sport card, my sports car, my Porsche GT three. And it's all the shoes I want. Yes. I like shoes and the house I want to has candy. Cause I love candy. It just shows me what I'm working towards every single day, because reality is life is an utter, utter, utter chaos and utter.
Pain seriously, it's pain all the time. You didn't have to choose what pain to go through. And I choose the pain of becoming a better person, the pain of changing, because there's pain of staying the same or pain of changing. You can choose which one you want. The pain of changing is worthwhile in the future.
So make this vision board seriously, the board costs like five bucks at. At target and you can print out the pictures and it keeps us, it keeps me focused on there's a reason I'm waking up at 4:54 AM every single day. Not because I'm perfect. Not because I'm awesome or anything special, but because I'm working towards becoming that person and that vision board and that person.
Goodness, he's pretty awesome. Next principle is the agency. You have the decision making power who is in charge of your destiny. Somebody else, the government, your employer, or you, the answer is you, it doesn't matter where you work. What part of life you're in. You have the agency to create the future that you want.
All these people who have been monetary monetarily successful, that you may look up to in a sense, did not start that way. Most millionaires, a huge percentage of millionaires did not receive a trust fund. They worked their tail off and in the industry for usually many, many years. And finally, after years have that 15 seconds of success, you know, it takes 15 years to have your 10 seconds of success.
No, it doesn't. It takes a long, long, long time to become successful. Success is not handed out like a participation trophy. You will not have anybody giving out a million dollars for simply showing up. You've got to show up, be conscientious, work very hard and produce. Cause you can work hard to not produce, but you can't sit at home and expect to produce.
You have to actually get in there, put your clothes on shave every morning. Exercise. And do it every single day. I seriously, at the beginning of this, I had so many underlying fears, underlying beliefs, limiting beliefs about myself, that, you know, I was only supposed to make this much amount of money and, you know, I can't, you know, overshadow my parents and all this, but it's just complete junk jumbled in this brain.
It's like a desk that has a billing things on it. You're looking for one thing with it, a billion things everywhere. You can't find it. I had the clutter declutter my whole entire mind and realize that. I will be rich. Yes, me in this life before I move on to the next one, whatever that is, I am going to be rich.
And by rich, I mean, oodles and oodles and oodles of richness. Yes. Oodles many, many, many, many hundred dollar bills. Not because I'm greedy, I'm not greedy. I'm really not. And it's not to be virtuous going at all. I want to pursue that to the end so I can employ many people. So I can have my passion project, my water project to continue giving water to people who literally don't have the most important thing in the world, which is crazy to me.
However, that decision onto that you, that I say to myself, I am rich. I have abundance. I am becoming better and better each and every day. If you do those three mantras in the morning, bloody hell your life will be turned upside down or right side up. In the best way possible and not very much time. And when I say not very much time, many, many months, many, many years, because the reality is a couple of years of your life is actually really small in comparison to the whole entire trajectory of a lot of your life.
But you must choose. Yes, I am going to be rich. I am rich and talking to the present. Not that I'm going, I am rich. I am abundant. I am attracting all these opportunities in my life and I will execute. Keep those mantras positive and looking forward. And I promise you, you will not hurt it up, probably talking about this, but the subconscious mind be positive early in the day, the stresses of the day, you're going to pull it.
You starting from the minute you wake up, unless you wake up before the sun goes up. I've realized when I wake up before the sun rises before almost anyone else's awake, I'm able to conquer a lot of things in the morning, and that is being positive, exercising and setting my day up by writing out what I'm gonna do today.
If you can start early and being positive and the I am statements and not that I am stupid. You don't want to say that cause we will attract stupidity all around you. Let me tell you, you don't want you to it around you. There's already enough, enough stupidity in the world. You don't want more around you, but I am powerful.
I am abundant. I am rich. Start with those and I promise you, I am having a great day today. I will have a marvelous day today. Delightful day. Seriously. I'm excited about this just because I've been on the other side of the negativity. And I see how addicting that negativity is. And I don't want that for anybody.
I want you to have positivity. I mean, not positivity. I want everyone to be positive. Realistically, if everyone was a little bit more positive, I think that would cure many of the symptoms of what's going on in their life. Because again, positivity is magnetic. The more you're positive, the more likely you're going to encounter someone who maybe is having a negative day, but they're going to meet you in the positivity.
And that is what it's all about. If you can, again, help someone help yourself in the morning, like me, I help myself in the morning and then help others get out of that gutter and come to a little more neutral or positive light. That's what it is, man. That is exactly where I want to be every single day.
But anyway, it was written, gosh, I think a hundred years ago or so it's really old. One has some old language kind of like the richest man in Babylon, but it's super relevant and I promise you the more you become. This person that you are wanting to become the more of these opportunities, people it's, it's crazy.
It's crazy how it all starts coming together and walking up like a puzzle piece. And there are too many coincidences and this life to. To say it's a coincidence. Things are very intertwined, intimately connected, and the faster you can figure that out the faster you're going to track things that you really want in your life.
That was fun, man. I love talking about these books. These books have given me a college level education in a very short time. And when I say college, I don't mean the stupid college. I mean, a very robust education on finances that they will not teach you in college. I even majored in finance and I didn't take a single personal finance class.
Throughout my whole entire four years, which is crazy to me. But anyway, these are given me so much joy and I think I'm gonna make another video, but three more books, because these three, these three books are really important, but if you're selling a bookshelf, you'd say, Hmm, only three. Huh? There's a lot more.
But what three books do you guys want me to talk about? What three books have impacted you come and below and I want to hear about it and I will see you guys on the next book review.