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I’ve always been a bookworm. There’s no wonder how these books have helped shape my entrepreneurial mind. If you want to become an entrepreneur, these are the 7 business books you must read.
However, do keep this in mind. Reading them alone does not make you an entrepreneur. You have to apply the concepts, explore and experiement and see what works for you. Good luck!
My comments: This book pushed me while I was at the turning point of my life. It provided me a step-by-step map on how to achieve financial independence and in designing the life that I want to live.
Working in Hong Kong, I’ve always wanted was to escape the 9 – 5, and earn while I travel. I treat it as my bible!
The New York Times bestselling author of The 4-Hour Body shows readers how to live more and work less, now with more than 100 pages of new, cutting-edge content.
Forget the old concept of retirement and the rest of the deferred-life plan–there is no need to wait and every reason not to, especially in unpredictable economic times. Whether your dream is escaping the rat race, experiencing high-end world travel, or earning a monthly five-figure income with zero management, The 4-Hour Workweek is the blueprint.
This step-by-step guide to luxury lifestyle design teaches:
• How Tim went from $40,000 per year and 80 hours per week to $40,000 per month and 4 hours per week
• How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want
• How blue-chip escape artists travel the world without quitting their jobs
• How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist
• How to trade a long-haul career for short work bursts and frequent “mini-retirements”
The new expanded edition of Tim Ferriss’ The 4-Hour Workweek includes:
• More than 50 practical tips and case studies from readers (including families) who have doubled income, overcome common sticking points, and reinvented themselves using the original book as a starting point
• Real-world templates you can copy for eliminating e-mail, negotiating with bosses and clients, or getting a private chef for less than $8 a meal
• How Lifestyle Design principles can be suited to unpredictable economic times
• The latest tools and tricks, as well as high-tech shortcuts, for living like a diplomat or millionaire without being either
2. The Art of the Good Life: 52 Surprising Shortcuts to Happiness, Wealth, and Success by Rolf Dobelli
My comments: Looking for life hacks? This book is worth reading twice or maybe more. I keep this with me beside my bed and if I need anything to remind me to be smart next time I need to take action.
I love how it’s easy to read, straightforward, and makes a lot of sense!
Since antiquity, people have been asking themselves what it means to live a good life. How should I live? What constitutes a good life? What’s the role of fate? What’s the role of money? Is leading a good life a question of mindset, or is it more about reaching your goals? Is it better to actively seek happiness or to avoid unhappiness?
Each generation poses these questions anew, and somehow the answers are always fundamentally disappointing. Why? Because we’re constantly searching for a single principle, a single tenet, a single rule. Yet this holy grail–a single, simple path to happiness–doesn’t exist. Rolf Dobelli — successful businessman, founder of the TED-style ideas conference Zurich Minds, bestselling author, and all-around seeker of big ideas–has made finding a shortcut to happiness his life’s mission. He’s synthesized the leading thinkers and the latest science in happiness to find the best shortcuts to satisfaction in The Art of the Good Life, his follow up to the international bestseller The Art of Thinking Clearly (which has sold more than 2.5 million copies in 40 languages all around the globe).
The Art of the Good Life is a toolkit designed for practical living. Here you’ll find fifty-two happiness hacks — from guilt-free shunning of technology to gleefully paying your parking tickets — that are certain to optimize your happiness. These tips may not guarantee you a good life, but they’ll give you a better chance (and that’s all any of us can ask for).
3. Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki
My comments: Everybody has probably heard about this book. It’s an eye-opener to a seventeen-year-old, accounting student like me. It taught me that I should purchase real estate and rent it out. I followed this principle when I turned twenty. If you want to go in-depth on learning about assets and liabilities, and want to escape the rat race, then this book is for you!
April 2017 marks 20 years since Robert Kiyosaki’s Rich Dad Poor Dad first made waves in the Personal Finance arena.
It has since become the #1 Personal Finance book of all time… translated into dozens of languages and sold around the world.
Rich Dad Poor Dad is Robert’s story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
20 Years… 20/20 Hindsight
In the 20th Anniversary Edition of this classic, Robert offers an update on what we’ve seen over the past 20 years related to money, investing, and the global economy. Sidebars throughout the book will take readers “fast forward” — from 1997 to today — as Robert assesses how the principles taught by his rich dad have stood the test of time.
In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago.
As always, readers can expect that Robert will be candid, insightful… and continue to rock more than a few boats in his retrospective.
Will there be a few surprises? Count on it.
Rich Dad Poor Dad…
• Explodes the myth tat you need to earn a high income to become rich
• Challenges the belief that your house is an asset
• Shows parents why they can’t rely on the school system to teach their kids about money
• Defines once and for all an asset and a liability
• Teaches you what to teach your kids about money for their future financial success
My comments: On the road of becoming financially independent, it is essential to have the right state of mind. One can’t get rich if they don’t believe that they would get rich. Your mind is you rmost powerful tool because it can affect your words, your actions and your reality.
Secrets of the Millionaire Mind reveals the missing link between wanting success and achieving it!
Have you ever wondered why some people seem to get rich easily, while others are destined for a life of financial struggle? Is the difference found in their education, intelligence, skills, timing, work habits, contacts, luck, or their choice of jobs, businesses, or investments?
The shocking answer is: None of the above!
In his groundbreaking Secrets of the Millionaire Mind, T. Harv Eker states: “Give me five minutes, and I can predict your financial future for the rest of your life!” Eker does this by identifying your “money and success blueprint.” We all have a personal money blueprint ingrained in our subconscious minds, and it is this blueprint, more than anything, that will determine our financial lives. You can know everything about marketing, sales, negotiations, stocks, real estate, and the world of finance, but if your money blueprint is not set for a high level of success, you will never have a lot of money—and if somehow you do, you will most likely lose it! The good news is that now you can actually reset your money blueprint to create natural and automatic success.
Secrets of the Millionaire Mind is two books in one. Part I explains how your money blueprint works. Through Eker’s rare combination of street smarts, humor, and heart, you will learn how your childhood influences have shaped your financial destiny. You will also learn how to identify your own money blueprint and “revise” it to not only create success but, more important, to keep and continually grow it.
In Part II you will be introduced to seventeen “Wealth Files,” which describe exactly how rich people think and act differently than most poor and middle-class people. Each Wealth File includes action steps for you to practice in the real world in order to dramatically increase your income and accumulate wealth.
If you are not doing as well financially as you would like, you will have to change your money blueprint. Unfortunately your current money blueprint will tend to stay with you for the rest of your life, unless you identify and revise it, and that’s exactly what you will do with the help of this extraordinary book. According to T. Harv Eker, it’s simple. If you think like rich people think and do what rich people do, chances are you’ll get rich too!
5. The Financial Diet: A Total Beginner’s Guide to Getting Good with Money by Chelsea Fagan
My comments: Before you become an entrepreneur and start a business, you must first come in good terms with money. You may have the money but you cannot squander them in useless things. Becoming an entrepreneur requires you to be smart, following your head over emotions when it comes to spending it.
The Financial Diet is the personal finance book for people who don’t care about personal finance. Whether you’re in need of an overspending detox, buried under student debt, or just trying to figure out how to live on an entry-level salary, The Financial Diet gives you tools to make a budget, understand investments, and deal with your credit. Chelsea Fagan has tapped a range of experts to help you make the best choices for you, but she also knows that being smarter with money isn’t just about what you put in the bank. It’s about everything―from the clothes you put in your closet, to your financial relationship habits, to the food you put in your kitchen (instead of ordering in again). So The Financial Diet gives you the tools to negotiate a raise and the perfect cocktail recipe to celebrate your new salary.
The Financial Diet will teach you:
• how to get good with money in a year.
• the ingredients everyone needs to have a budget-friendly kitchen.
• how to talk about awkward money stuff with your friends.
• the best way to make (and stick to!) a budget.
• how to take care of your house like a grown-up.
• what the hell it means to invest (and how you can do it).
6. Side Hustle: Build a Side Business and Make Extra Money – Without Quitting Your Day Job by Chris Guillebeau
My comments: This is the book I read during my trips to the bookstore at lunch break. At that time, I was not ready to quit my day job but wanted to explore the possibilities.
From the New York Times bestselling author of $100 Startup comes this accessible guide to building a side business from scratch – without having to give up your day job.
Side Hustle is about much more than just making some extra cash; it’s about freedom and job security in today’s unstable business environment. That’s because when you receive income from multiple different sources, you are no longer dependent on the whims of a single employer. It affords you choices and options.
In the style of $100 Startup, full of practical exercises and peppered with inspiring stories, Chris Guillebeau’s Side Hustle shows readers how to brainstorm, choose, implement, launch and refine their side business in just 27 days – with little to no budget and without having to quit their current job.
My comments: This is a good introduction to successful businessmen of all time, from Henry Ford to Thomas Edison. You can learn not only from their success but also from their failures.
Think and Grow Rich was written by Napolean Hill promoted as a Personal development and self-improvement book. He writes that he was inspired by a suggestion from Business magnate and later-philanthropist Andrew Carnegie.
In the original Think and Grow Rich, Hill draws on stories of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation to illustrate his principles. For more than a decade, the author interviewed some of the wealthiest and most successful people in the world. It was based on what author learnt in the process from all these people, when asked about how they achieved not just great riches but also personal wellbeing.
The author formulated hundreds and thousands of answers, into concise principles which when acted upon, many claim, can help one achieve unprecedented success. The author has in many places narrated short stories and examples that help explain the concept at hand in an engaging manner. Think and Grow Rich teaches not just concepts but also methods. Till date, it remains the number one self-help book in the world, as far as sales are concerned!
What do you think of these books? Have you read them before? Do you have any other books you’d like to recommend to become an entrepreneur?