Becoming a millionaire may seem like an impossible goal, but it’s not necessarily out of reach. From 2018 to 2019, 675,000 new people became millionaires in the United States, and this increase in the millionaire population is expected to continue for at least the next five years. Are you eager to increase your earning potential and join the new generation of future millionaires? We’ve rounded up 25 books on how to become a millionaire and arranged them by highest ratings to get you started on your path to financial success.
As you read this list of books, put your millionaire mindset to work by making smart money moves, like contributing to monthly savings and budgeting for your living expenses.
You are reading: Books on how to become a millionaire
1. “The Simple Path to Wealth” by J.L. Collins
assessment of good readings: 4.47/5 | audible rating: 4.8 stars
Topping our highly rated list, “The Simple Path to Wealth” provides a clear path to financial independence. Collins argues that money is the “most powerful tool” and shows you exactly how to use it to grow your wealth. Goodreads and Amazon reviewers praise the book as an accessible guide to investing and portfolio building with clear takeaways on how to approach debt, investing, and your mindset.
2. “The Millionaire Fast Track” by M.J. frame
assessment of good readings: 4.36/5 | audible rating: 4.5 stars
Coming in at number two on this list, author m.j. DeMarco distinguishes between life in the slow lane (following the main path to potential wealth for the elderly) and life in the fast lane (the alternate path to extraordinary wealth). As a self-made millionaire, DeMarco believes that the key to building wealth is identifying a need and offering a solution. this is a good read for problem solvers and entrepreneurs alike.
3. “The Bogleheads Guide to Investing” by Taylor Larimore, Michael Leboeuf, and Mel Lindauer
valuation of good readings: 4.30/5 | audible rating: 4.5 stars
This respected practical guide to investing upholds the philosophy of business magnate and pioneering founder, John “Jack” Bogle. In the introduction, the authors state that his mission is to educate others on how best to receive long-term returns on their investments. Learn to be a fool by focusing on increasing your wealth over time and achieving financial well-being.
4. “The Richest Man in Babylon” by George S. class
valuation of good readings: 4.26/5 | audible rating: 4.5 stars
Known as a classic work on financial planning and personal wealth, this book uses Babylonian parables to teach financial wisdom. offers lessons on the basics like saving a portion of your income, living within your means, and making your money work for you.
5. “The Intelligent Investor” by Benjamin Graham
valuation of good readings: 4.23/5 | audible rating: 4.5 stars
Learn the “value investing” philosophy of renowned investment advisor, benjamin graham. As a stock market staple, this book breaks down the Wall Street façade and outlines long-term strategies to help him achieve the results he wants from his investments. Originally published in 1949, this text is still relevant today and even recommended by Warren Buffett.
6. “how to win friends and influence people” by dale carnegie
assessment of good readings: 4.21/5 | audible rating: 4.5 stars
Although not so much a resource on personal finance, Dale Carnegie’s first best-selling book offers advice for people hoping to achieve success in life and in business. describes various ways to please people, ways to persuade people to think as you think, and how to influence others without inspiring negative feelings.
7. “conscious business” by fred kofman
assessment of good readings: 4.21/5 | audible rating: 4.5 stars
Recommended by Sheryl Sandberg, Facebook COO, in an interview with the New York Times, “Conscious Business” advocates applying more awareness to all aspects of your work. It encourages you to recognize obstacles, identify your team’s needs, and engage in good communication and decision-making. the book also has a spiritual element that investigates who you are and what your purpose is to bring that awareness to the surface.
8. “secrets of the millionaire mind” by t. harvester
valuation of good readings: 4.20/5 | audible rating: 5 stars
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“Secrets of the Millionaire Mind” makes the connection between aspiring to be rich and actually being rich. It is divided into two parts, the first part focuses on identifying and resetting your money blueprint, while the second part provides insights into the thoughts and behaviors of the wealthy. The book argues that some people aren’t set up for financial success, but if you change your money model and start thinking like the rich, you too can reconfigure yourself to be rich.
9. “The Millionaire Mind” by Thomas J. stanley
valuation of good readings: 4.20/5 | audible rating: 4.5 stars
a distinctly different book from number eight, “the millionaire mind” by thomas j. Stanley surveys more than 1,000 millionaires to learn more about the lives of the ultra-rich. Stanley identifies common success factors among millionaires, such as living frugally and taking financial risks. Plus, millionaires find more success both at work and in marriage, so applying their mindset to your life can help you be successful in all aspects.
10. “think and grow rich” by napoleon hill
good read rating: 4.17/5 | audible rating: 4.5 stars
Originally published in 1937, this inspirational book draws inspiration from business tycoons like Henry Ford and King Gillette to demonstrate the secrets of financial success. Hill claims that these secrets have created wealth for many over the years and can bring you fortune if you’re ready and know what you want.
11. “thinking, fast and slow” by daniel kahneman
valuation of good readings: 4.16/5 | audible rating: 4.5 stars
Nobel Prize-winning cognitive psychologist Daniel Kahneman offers insight into logical and emotional systems of thought in this book. she highlights the cognitive biases that affect how we play the stock market or perceive risks in our lives. By understanding our two systems of thought, we can make better decisions for our personal and professional lives and prevent the negative effects of our biases.
12. “i will teach you to be rich” by ramit sethi
good reading rating: 4.12/5 | audible rating: 4.5 stars
If you want a step-by-step guide on how to be rich, Forbes heralded “Wealth Wizard” Ramit Sethi has you covered. His book details a six-week program on how to save more, pay off debt, and negotiate your finances while also spending your hard-earned money.
13. “How to Be a Person Without Limits” by Wayne W. dry cleaner
good read rating: 4.11/5 | audible rating: 4.8 stars
In this motivational resource, dr. wayne dyer teaches you how to take control of the way you approach problems and people. As a counselor and self-help advocate, he instructs you to reflect on the sources of your feelings in order to deal with them in a positive, action-oriented way. Sara Blakely, founder of Spanx and the first self-made billionaire, attributes her success to the audio version of this book.
14. “how to be rich” by j. paul getty
good read rating: 4.09/5 | audible rating: n/a
When getting tips on how to get rich, you’d like to hear from someone who has the credibility of proven financial success. Named the world’s richest private citizen in the 1966 “Guinness Book of Records”, J. Paul Getty definitely qualifies as an authority in this space. In his book, he shares the blueprint for earning his billions and his philosophy behind being rich.
15. “Your Money or Your Life” by Vicki Robin
assessment of good readings: 4.05/5 | audible rating: 4.5 stars
There is a difference between simply making a living and having a meaningful life. Author Vicki Robin provides a nine-step program that seeks to change the way she manages her money and helps you live more purposefully. robin advocates that you should save money through good habits and mindfulness and that you can live well for less. Not only will this book change your relationship with money, but as Oprah Winfrey says, “it really can change your life.”
16. “The Millionaire Next Door” by Thomas J. Stanley and William D. danko
good read rating: 4.04/5 | audible rating: 4.5 stars
thomas j. Stanley and William D. Danko reveals the surprising traits shared by America’s wealthiest in this book. Learn important life lessons from the rich, like spending time and resources efficiently, living below your means, and valuing financial freedom and self-sufficiency above all else. By using these lessons, you can become a “Prodigious Accumulator of Wealth” instead of an “Insufficient Accumulator of Wealth.”
17. “Built to Last” by James C. Collins and Jerry I. Porras
good reading rating: 4.02/5 | audible rating: 4.5 stars
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For those interested in amassing wealth in business, find out what sets extraordinary companies like Disney and Hewlett-Packard apart from the rest. collins and porras reveal the qualities of “visionary companies” and create a framework for designing successful organizations. Whether you’re an entrepreneur or climbing the corporate ladder, these concepts apply to any business.
18. “money rules the game” by tony robbins
good read rating: 3.97/5 | audible rating: 4.5 stars
After researching and conducting interviews with financial experts and legends (think Steve Forbes and Warren Buffett), Tony Robbins devised a seven-step plan to help you and your family achieve financial freedom. robbins advocates for readers of all income levels and offers practical advice on managing money and making important financial decisions.
19. “how the rich think” by steve siebold
good read rating: 3.96/5 | audible rating: n/a
Have you ever wondered how rich people think? Steve Siebold interviewed hundreds of millionaires to find out and shared his findings with ordinary people. he reveals the secrets behind the mindset of a millionaire and wants you to study it like a science. once you’ve studied it for yourself, copy them down and start getting rich!
20. “Lean In” by Sheryl Sandberg
valuation of good readings: 3.95/5 | audible rating: 4.5 stars
“lean in” is sheryl sandberg’s best-selling book on women and leadership. sandberg advocates for women to be confident and make small changes that will get them the promotion, raise and equal pay they deserve. This book comes recommended by her fellow Facebook executive Mark Zuckerberg and business tycoon Richard Branson.
21. “The Automatic Millionaire” by David Bach
valuation of good readings: 3.94/5 | audible rating: 4.5 stars
David Bach uses the story of an average American couple to illustrate how you don’t have to have a high income to be rich. Bach advocates that you always pay yourself first and that automating your finances will pay you later. he says setting up the system takes only an hour and you’ll only have to “do it once [because] the rest is automatic.”
22. “start small finish big” by fred deluca
valuation of good readings: 3.92/5 | audible rating: n/a
subway founder fred deluca tells the story of how the small sandwich shop he started with a $1,000 loan grew into a $3 billion franchise with stores in 60 countries. deluca offers business advice from itself and other entrepreneurs for every step of the process, from getting started with your idea to constantly improving your business. it’s especially eye-opening for those starting businesses with limited capital.
23. “everyday millionaires” by chris hogan
good read rating: 3.86/5 | audible rating: 4.5 stars
chris hogan shows how ordinary people increased their wealth without a large inheritance. By studying 10,000 American millionaires, Hogan proves that wealth creation is indeed achievable regardless of income or status. she concludes that commitment and a lot of hard work can help you become a millionaire.
24. “business adventures” by john brooks
assessment of good readings: 3.82/5 | audible rating: 4 stars
if bill gates thinks this is the best business book he’s ever read, you’d better read it and take notes. Brooks tells the failure and success stories of twelve Wall Street companies and provides access to the ins and outs of corporate finance. Read this book to learn valuable lessons about business volatility.
25. “harnessing the american dream” by paul terhorst
good read rating: 3.79/5 | audible rating: n/a
There are many versions of the American dream and being financially independent and retiring early is definitely one of them. Paul Terhorst shows you how to capitalize on this dream with a five-year plan to retire with significant savings and overcome psychological and financial obstacles along the way. this is on the list of books that made it by the billionaire mark cuban.
After learning personal finance, business, and lifestyle advice from financial experts and millionaires alike, start managing your money with the Mint app today. one day you could be the next millionaire by inspiring others to take control of their finances and build their wealth too.
Sources: Global Wealth Report 2020 | Forbes 1 | Entrepreneur 1 | Reading Length 1 2 3 4|
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