I Read 200 Books on Money: These 19 Will Make You Rich
Table of Contents
Introduction
This tutorial is designed to help you navigate the key insights from 19 impactful books on money that can lead you to financial success. Based on Codie Sanchez's exploration of these books, we’ll break down the process into four actionable steps: Make it, Build it, Keep it, and Enjoy it. Each step includes practical advice and lessons learned from the recommended readings.
Step 1: Make It
In this step, focus on developing the right mindset and strategies to generate income.
- Key Mindset Shift: Believe that positive change is possible. Your mindset is crucial for embarking on your financial journey.
- Recommended Books
- Mindset by Carol Dweck - Emphasizes the importance of a growth mindset.
- Rich Dad, Poor Dad by Robert Kiyosaki - Discusses financial education and different perspectives on money.
Practical Tips
- Set clear financial goals.
- Identify potential income streams (e.g., side hustles).
- Invest time in learning about financial literacy.
Step 2: Build It
This phase is about creating and expanding your income sources.
- Focus on Business: Explore how to start and grow a business to increase your wealth.
- Recommended Books
- The $100 Startup by Chris Guillebeau - Offers insights on starting a business with minimal investment.
- Zero to One by Peter Thiel - Discusses innovation and creating unique value.
Practical Advice
- Start small and scale gradually.
- Use frameworks and strategies from the books to structure your business.
- Network with other entrepreneurs for support and ideas.
Step 3: Keep It
Once you’ve started earning, the next step is to manage and protect your wealth.
- Importance of Financial Management: Knowing how to keep your money is as crucial as making it.
- Recommended Books
- Your Money or Your Life by Vicki Robin & Joe Dominguez - Focuses on transforming your relationship with money.
- Never Split the Difference by Chris Voss - Teaches negotiation skills for better financial deals.
Practical Tips
- Create a budget and track your expenses.
- Invest in assets that appreciate over time.
- Seek advice from financial experts when necessary.
Step 4: Enjoy It
The final step is about enjoying the fruits of your labor while ensuring long-term financial health.
- Balance Enjoyment and Responsibility: It's essential to enjoy your wealth but remain prudent.
- Recommended Books
- Good to Great by Jim Collins - Discusses sustained success and the importance of discipline.
- Adventure Capitalist by Jim Rogers - Encourages enjoying financial freedom through travel and experiences.
Practical Advice
- Allocate a portion of your income for leisure and enjoyment.
- Reinvest some of your earnings to continue growing your wealth.
- Practice gratitude and mindfulness about your financial journey.
Conclusion
By following these four steps—Make it, Build it, Keep it, and Enjoy it—you can transform your financial situation and create lasting wealth. Start by reading the recommended books to deepen your understanding and apply the lessons learned. Remember, the journey to financial success is ongoing, so stay committed and continuously seek improvement. Happy reading and good luck on your financial journey!