These Books Will Make You Rich

In contemporary society, reaching one’s profession and financial goals often seem like a pipe dream. Yet it is hard to deny that one of the easiest ways to free the inner potential that is capable of generating wealth, is through the means of reading. Although one argues that reading books alone does not help, to refute this it’s necessary to state that the right books are never one’s waste of money. People can gain valuable understanding from books irrespective of where they are in their financial journey, whether at the beginning or strengthening their tactics.

However, considering the huge volume of published works, there are three that deserve the attention for their fresh focus on the subject of money: "The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness" by Morgan Housel, "Rich Dad Poor Dad: 20th Anniversary Edition: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!" by Robert T. Kiyosaki and "I Will Teach You to Be Rich: No Guilt. No Excuses. No B.S. Just a 6-Week Program That Works (Second Edition)" by Ramit Sethi. These books combine practical approaches for the readers with the deeper psychological and emotional components of wealth accumulation reprogramming the relationship of society to money.

This article will use the previous three famous books as one of the references that will assist us in achieving wealth and prosperity.

The Psychology of Money: Review of a Book on Wealth, Greed and Happiness.

Morgan Housel’s "The Psychology of Money" presents a different kind of view of money, regarding its social and psychological aspects instead of merely looking at its technical or mathematical perspective. He accomplishes this through several short chapters which are both entertaining and to the point in the way that they drive home the idea that our views, actions and feelings have a huge effect on the way our wallets will be eventually like.

That is not to say that inside the book the author tries to provide readers a structured investment instruction but rather considers what factors are responsible for their attitude towards money including sense of luck, risk and throwing in at the implied effect of compounding which is usually overlooked. In description, Housel says that financial literacy alone is not enough in making and preserving wealth as there is always a need to tame greed, fear and ego.

Another point that increases the value of this book is that it contains ageless lessons. Housel’s use of real life stories and historical examples urges readers to understand that wise financial behavior can be quite simple but requires lots of time and mental effort to be developed. "The Psychology of Money" is beneficial to all readers wether they are investors looking for investment opportunities or consumers looking for ways to curb their spending because it analyzes the role of psychology and behavioral aspects in effective money management.

Rich Dad Poor Dad: 20th Anniversary Edition: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! – Summary

"Rich Dad Poor Dad" won over the stealing spirit in every individual who picked up the book and added life to every story narrated in the book. It became a personal finance classic and a must read to any individual wanting some perspective on wealth creation based on the upbringing of Kiyosaki himself. The book compares and contrasts the financial mindsets of two of Kiyosaki's men; his own father “poor dad” who when he was a school boy was educated but was in poverty and his friend’s father “rich dad” who achieved success through business, financial investments, and financial literacy.

A commoner wouldn’t know such things that money works for them, these are things which Kiyosaki explains using some great explanations in the book. Some of its encouraging themes is ways understanding the differences between assets and liabilities in business is one of the greatest knowledge in life. This is demonstrated by The “Poor Dad” in Kiyosaki whose sole quest was to earn employment and accumulate money whilst the “Rich Dad” taught Kiyosaki to acquire purchasing assets that generate cash flow like businesses and real estate properties and abandon investments that are liabilities such as loans and consumer expenditure.

While his readers’ heads stand upright with imaginational cones tracing over the obscuring pole with money as the core, Kiyosaki promotes, on the contrary, educating, doing business and even – here it is, that’s it – taking care of the money.

I Will Teach You To Be Rich: No Guilt. No Excuses. No B.S. Just a 6-Week Program That Works (Second Edition) – Overview

Even though “I Will Teach You To Be Rich” is also a book, Ramit’s Sethi’s book is out there to serve the readers regardless of how individualistic each of them is. The device, however, does not stray from the straightforwardness and energy that characterizes the bestsellers because Sethi rewrote his original compilation in a more subtle manner with contemporary changes in the financial instruments and pointers in the second edition of the book.

The book contains everything from automated savings and investment, bank fee negotiations, managing credit cards and spending, all packaged into a six week program. The emphasis on the creation of an individual ‘rich life’ transcends the desire to amass willy-nilly material possessions; it redefines what and how society regards wealth. Instead of chronicling how very cheap or very complex everything should be, one goes on to explain the importance of developing quite simple, though effective systems, that work in the background and keep on accumulating financial resources without sweeping changes.

It also addresses the most common barrier to financial success – the fear, the procrastination, the guilt – that are psychological in nature.