A Reading List For Riches — Part Two
Otherwise, let’s straight dive into part two …
In his breakout book Rich Dad Poor Dad, Robert shares his story of growing up with two dads — his biological dad, his poor dad and his best friend’s dad, his rich dad.
Kiyosaki shares his story of growing up with his highly educated yet financially poor father alongside his best friend’s dad who was financially abundant yet had very little traditional schooling. Through comparison of each father’s lifestyles, education, finances and mindsets Kiyosaki shows the difference between how the rich and the poor view both the world and money.
Kiyosaki teaches you the lessons of what to do and what not to do when it comes to money and provides much-needed advice on how money really works.
In his follow up book, Cash Flow Quadrant, Kiyosaki defines the four basic quadrants of wealth accumulation — on the left side of the quadrant you will find an employee or a self-employed professional, these are people who trade time for money, on the right you will find business owners or investors, these are people who accumulate wealth by making time and money work for them.
Throughout the book Kiyosaki shares his own story of transitioning from the left side to the right side of the Cash Flow Quadrant, detailing the mindset and lifestyle changes required to make this transition. He shows you how your mindset dictates which quadrant suits your personality and lifestyle best, how to maximise this and how to shift your mindset and life so you can transfer over to a new quadrant.
For anyone who is looking to understand how money works and the mindsets required for true wealth building these books are a must-read.
If you find the idea of investing to be daunting or confusing then Laughing At Wall Street will shift your perception. Throughout the book author, Chris Camillo explains how he turned $20,000.00 into $2,000,000.00 over three years by doing everyday activities such as reading the tabloids, connecting on social media and shopping at the mall.
The philosophy behind Laughing At Wallstreet is to encourage you to make use of the everyday information that you already have access to, as a way to gain information arbitrage over traditional Wall Street investors. Simply put, take advantage of Wall Street being largely populated by white middle-aged/mature men that aren’t up to date with the latest trends, particularly when it comes to trends involving women and children.
Camillo provides a variety of examples where big Wall Street analysts were late to pick up on what small investors did and as a result, allowed small investors to reap large financial returns. Laughing At Wall Street encourages you to look for trends close to home whether that be with fashion, toys, products or movies. Ones that you can find in everyday activities and conversations this is the information arbitrage that Camillion refers to. Camillo shows how you too can reap returns from this information by simply keeping your investment mind open to everyday opportunities.
Warren Buffett, also known as the Oracle of Omaha is arguably the world's greatest investor and one of the world's richest men. From a young age, Buffett employed the power of compound interest and a long-term mindset to grow his personal wealth to multiple billions of dollars.
To understand the mindset and background of Warren Buffett this book is a must-read. It takes you behind the scenes into Buffett’s day-to-day life to outline his quirkiness and ways of thinking that have allowed him to build a multi-billion dollar empire that is Berkshire Hathaway.
Throughout The Snowball, you will also uncover Warren and his right-hand man Charlie Munger’s mindsets when it comes to both business and life in general — mindsets such as the importance of one’s inner scorecard, first base hits, tall walls, deep moats and long-term thinking. Schroder has written the only approved biography of Buffett, a must-read to understand the life and mind of the world's richest man.
Now, as you might have guessed these books are in a chronological order of sorts from general ways of living, to mindsets of success finishing up with specific mindsets and ways of living of the world's richest people. This isn’t to say you must read these books in this specific order, this is simply the order I suggest.
These books have helped millions of people around the world achieve not only financial success but a life that is abundant in wealth. There is something within each of these books that has spoken to me deeply, which I trust will also do the same for you. I hope this list serves as a starting guide to show you that it is within your power to accumulate an abundance of riches. That it is within your power to create a life you love living and experiencing.
Now, I’d love to hear from you .. Do you have any books to add to this list? If you’ve read any of these before, what did you think of them? Let me know in the comments below or message me directly.
Love, Tahlia X
P.s. Darlings, I must let you know that Wiyn Wellbeing is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program. This means if you choose to purchase an item through the links above, I receive a small commission. Please know that I will only ever recommend things that I love, that have provided a massive benefit to my life.