🌻5 Books I’m Reading To Become Rich In 2023

Fast-track your journey to extraordinary wealth

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Warren Buffett has a great strategy for learning about personal finance. “Read 500 pages every day,” he says. “That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.”

I spend a lot of time in bookstores. Like Warren Buffett, I’ve reached a point in my life where I enjoy nothing more than sitting down and reading personal finance books. So, in this article, I’ll share several books that will fast-track your journey to extraordinary wealth.

Read also: How to Keep it simple in life

Let’s dive right in!

The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey

The Total Money Makeover is one of my all-time favorite books.

Dave Ramsey explains how to achieve financial independence in a 7-step formula. He also discusses strategies to get out of debt, pay off the mortgage, and build a rock-solid emergency fund.

I love The Total Money Makeover because I grew up in a working-class family. Nobody taught me anything about personal finance, and money was often treated as a taboo subject. However, Dave’s wisdom improved my life and helped me to think about money in a completely different way.

If you want to build wealth in 2023, The Total Money Makeover needs to be on your reading list!

Goodreads
Here are some of my favorite quotes from the book:

“We buy things we don’t need with money we don’t have to impress people we don’t like.”
“A typical millionaire lives in a middle-class home, drives a two-year-old or older paid-for car, and buys blue jeans at Wal-Mart.”
“It is human nature to want it and want it now; it is also a sign of immaturity. Being willing to delay pleasure for a greater result is a sign of maturity.”
“Change is painful. Few people have the courage to seek out change. Most people won’t change until the pain of where they are exceeds the pain of change.”
“If you keep doing the same things, you will keep getting the same results. You are where you are now financially as a sum total of the decisions you’ve made to this point.”
The Almanack of Naval Ravikant by Eric Jorgenson

Naval Ravikant is a world-renowned entrepreneur. And in this book, he shares hundreds of strategies that will help you become 10x wealthier.

My favorite chapter is about Naval’s journey to becoming a prolific reader. He recalls sitting on the floor in his grandparents’ house in India. He’d often pick up comic books, storybooks, and whatever he could get his hands on.

Now, Naval reads everything that can accelerate his personal growth. He says, for example, that he’s no longer scared of big books in the library. Whether it’s a book on physics, mathematics, or economics, Naval tries to read everything on the bookshelf. To do otherwise would be a disservice to the endless pursuit of knowledge.

So, if you want to fast-track your journey to extraordinary wealth, you need to read The Almanack of Naval Ravikant as soon as possible!

Goodreads
Here are some of my favorite quotes from the book:

“If you’re not willing to do a wholesale, 24/7, 100 percent swap with who that person is, then there is no point in being jealous.”
“If you have nothing in your life, but you have at least one person that loves you unconditionally, it’ll do wonders for your self-esteem.”
“A happy person isn’t someone who’s happy all the time. It’s someone who effortlessly interprets events in such a way that they don’t lose their innate peace.”
“Specific knowledge is found much more by pursuing your innate talents, your genuine curiosity, and your passion. It’s not by going to school for whatever is the hottest job; it’s not by going into whatever field investors say is the hottest.”
“Realize that in modern society, the downside risk is not that large. Even personal bankruptcy can wipe the debts clean in good ecosystems. I’m most familiar with Silicon Valley, but generally, people will forgive failures as long as you were honest and made a high-integrity effort. There’s not really that much to fear in terms of failure, and so people should take on a lot more accountability than they do.”
The Intelligent Investor by Benjamin Graham

Unless you’ve been living under a rock, you’ll be familiar with The Intelligent Investor. Warren Buffett called it “the best book on investing ever written.” The book has also been recommended by Jamie Dimon, Bill Ackman, and countless others.

The Intelligent Investor is a phenomenal book that everyone should read (at least once). It contains fascinating insights and strategies to make money in the stock market. So, if you want to become rich in 2023, you should grab this book from your local bookstore (or library) ASAP.

Goodreads
Here are some of my favorite quotes from the book:

“Those who do not remember the past are condemned to repeat it.”
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
“Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.”
“A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.”
“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.”
The Psychology Of Money by Morgan Housel

The Psychology Of Money is the perfect book if you’re just getting started with personal finance. It contains useful strategies for increasing your income, reducing your expenses, and investing in the stock market.

I read The Psychology Of Money for the first time a few months ago. It taught me the importance of psychology when it comes to personal finance. After all, your bank account can be improved (or destroyed) by the way you think about money.

It’s a fascinating book!

Goodreads
Here are some of my favorite quotes from the book:

“Money’s greatest intrinsic value — and this can’t be overstated — is its ability to give you control over your time.”
“Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.”
“Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance.”
“Be nicer and less flashy. No one is impressed with your possessions as much as you are. You might think you want a fancy car or a nice watch. But what you probably want is respect and admiration. And you’re more likely to gain those things through kindness and humility than horsepower and chrome.”
“Some people are born into families that encourage education; others are against it. Some are born into flourishing economies encouraging entrepreneurship; others are born into war and destitution. I want you to be successful, and I want you to earn it. But realize that not all success is due to hard work, and not all poverty is due to laziness.Keep this in mind when judging people, including yourself.”
Principles by Ray Dalio

Principles is (by far) one of the best business books of the 21st century. It’s written by Ray Dalio — a hedge fund manager with an impressive net worth of over $19 billion.

Ray’s advice shattered my worldview and made me rethink everything I knew about entrepreneurship. He also shifted my mindset and provided lots of advice that improved my career, work ethic, and confidence.

Read Principles as soon as possible!

Read also: The simple secret of the life everyone wants

Goodreads
Here are some of my favorite quotes from the book:

“The happiest people discover their own nature and match their life to it.”
“If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.”
“I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want. Maturity is the ability to reject good alternatives in order to pursue even better ones.”
“Every time you confront something painful, you are at a potentially important juncture in your life — you have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion.”
“Look for people who have lots of great questions. Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers. Great questions are a much better indicator of future success than great answers.”

🟢Contributed by James White

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