According to Fidelity Investments, 86% of all millionaires were self made. Meaning they were not born with a silver spoon in their mouth. So how on earth did they do it?
What do the rich do that is so different than what the average 9-5’er does? They shifted their mind frame from that of an employee to one of a business owner or investor and kept on learning.
But how? You guest it, they read! The average American reads about 1 book per year, while the average self-made millionaire and billionaire read about 2 books per Month.
Thomas Corley author of, “Rich Habits: The Daily Success Habits of Wealthy Individuals” spent 5 years researching the habits of 233 rich people and poor people and found:
11% of rich people read for entertainment, compared to 79% of poor.
85% of rich people read two or more education, career-related, or self-improvement books per month, compared to 15% of poor.
94% of rich people read news publications including newspapers and blogs, compared to 11% of poor people.
So, what’s on their night stand? The books typically chosen are career related, how-to, history, biographies of successful people, self-help, health related, current events, memory improvement and learning, psychology, leadership, science books, and new age books.
Here are a 11 books to fire up on your kindle, or if you are old school like me and enjoy curling up with a good book then check these recommendations out.
- Rich Dad Poor Dad by Robert Kiyosaki
The E-Myth Revisited by Michael Gerber
Awaken the Giant Within by Anthony Robbins
Good to Great by Jim Collins
The 4-Hour Workweek by Timothy Ferris
The War of Art by Steven Pressfield
The Power of Now by Eckhart Tolle
Margin of Safety by Seth Klarman
How to Win Friends and Influence People by Dale Carnegie
Think and Grow Rich by Napoleon Hill
Outliers by Malcolm Gladwell
Most self-made millionaires read on average 30 minutes per day to deepen their knowledge and build skills. Do you find yourself enthralled in a good book are you running into traffic playing Pokemon Go? Are you reading for entertainment or self improvement? Let a sista know, I’m curious.