These 3 Books Can Make You Very Rich

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Many books are available on financial freedom, but only a few are written so meticulously that can lead you to become rich.

3 Best Book to Become Rich: You may wonder how the rich are becoming richer day by day. What are the reasons behind their wealth? If you are also inquisitive to know the secrets then in this article we are going to know about the top 3 best books on finance that can make you rich.

Title

3 Best Books to Beocme Rich

Category

Money & Finance

Warren Buffett 

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You must know that financial success often begins with viable and futuristic knowledge. Books play a crucial role in attaining phenomenal wisdom about finance. 

These 3 Books can Make You Rich | The Money Codex
Three Books Can Make You Millionaire

So, if you want to generate wealth, improve your financial knowledge, and develop a money generating mindset then start reading books from today. But, for this purpose choosing the right books on money can help you exponentially.

You are going to know about the 3 best books on money that are the experiences of successful people. Apply the concepts mentioned in the books and see the improvements in yourself that can lead to financial freedom. 

1. Rich Dad Poor Dad by Robert Kiyosaki

Attribute

Details

Author

Robert Kiyosaki

Pages

336 pages

Genre

Personal Finance, Self-Help

Key Lessons

1. The rich don’t work for money; they make money work for them.

2. Assets vs. Liabilities – Focus on acquiring assets.

3. Importance of financial education.

4. Mindset shift from being an employee to an investor/business owner.

First Published

1997

Best For

Beginners looking to understand financial independence and wealth mindset.

Buy Link

Amazon - Rich Dad Poor Dad

Robert Kiyosaki, who authored Rich Dad Poor Dad, is one of the best selling books on personal finance. In his book, Kiyosaki described the financial philosophies of two fathers in his life. He compared the financial philosophies of two fathers, the biological father (Poor Dad) and his best friend’s father (Risc Dad).

"The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth." – Robert Kiyosaki

Rich Dad Poor Dad Key Lessons

  • Assets vs. Liabilities: Kiyosaki says the rich people acquire assets and reinvest those assets while on the other hand the poor and middle class people accumulate liabilities that they consider as assets. 
  • Financial Education is Indispensable: Schools don't teach financial literacy, so, it totally depends on you to educate yourself regarding the secrets of financial success. 
  • Work For Yourself. Mind your own business, instead of your employer’s. So, just prefer to learn and improve your skills simultaneously with your job. Learn how you can Make the money work for you. 

Difference Between Rich Dad and Poor Dad

Feature

Rich Dad's Advice

Poor Dad's Advice 

Job vs. Investment

Focus on building assets

Work for a steady paycheck

Financial Education

Learn how money works

Get good grades and a stable job

Risk-Taking

Embrace smart risks

Avoid risks completely

Wealth Mindset

Create multiple income streams

Depend on a single income

So, if you want to become rich, achieve financial freedom through understanding the money, smart investments, and focusing on gaining assets as compared to liabilities. 

2. The Millionaire Next Door by Thomas J. Stanley and William D. Danko

Attribute

Details

Authors

Thomas J. Stanley & William D. Danko

Pages

272 pages

Genre

Personal Finance, Wealth Building

Key Lessons

1. Most millionaires are frugal and live below their means.

2. Income alone does not create wealth—smart saving and investing do.

3. Financial independence is more important than social status.

4. Avoid lifestyle inflation to build long-term wealth.

First Published

1996

Best For

Those who want to learn real habits of self-made millionaires.

Buy Link

Amazon - The Millionaire Next Door

The Millionaire next door book is outrightly based on research into the habits of the millionaires across the world. This book also breaks the obsolete myth that most wealthy people inherit their wealth or live lavishly. 

Instead, The Millionaire Next Door reveals that the genuine millionaires and rich people are often frugal and disciplined regarding their money or wealth. 

"Whatever your income, always live below your means." – Thomas J. Stanley

The Millionaire Next Door: Key Lessons

  • Frugality Leads to Generate Wealth: Most of the millionaires live their life below their means and always avoid extravagant expenses. 
  • Invest in Financial Knowledge: Instead of spending on lavish life, the rich make sure to invest in value appreciating assets like stocks, bonds, businesses, and real estate.
  • Financial Freedom: Millionaires or rich people prioritize financial freedom contrary to showcasing their social status in the society. 

Habits of the Millionaire Next Door Vs. Average People 

Habit

Millionaire Next Door

Average People 

Spending

Lives below means

Spends beyond means

Investing

Focuses on assets

Focuses on liabilities

Job Stability

Owns businesses/invests

Works for a paycheck

Financial Planning

Long-term planning

Short-term satisfaction

So, from the above we can easily assume that wealth is not just about how much you earn but how you manage, invest, and meticulously save money over time. 

3. The Psychology of Money by Morgan Housel

Attribute

Details

Author

Morgan Housel

Pages

256 pages

Genre

Personal Finance, Behavioral Economics

Key Lessons

1. Wealth is built by behavior, not just knowledge.

2. Compounding is the most powerful force in investing.

3. Money management is more about psychology than numbers.

4. Avoid greed and fear in financial decision-making.

First Published

2020

Best For

Those interested in understanding the behavioral side of money and investing.

Buy Link

Amazon - The Psychology of Money

"Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn’t, pays it." — Albert Einstein

The power of compounding is described in The Psychology of Money Book very well. Morgan Housel explores the physiological and emotional aspects of money. He emphasizes how financial success is more about behaviour than financial knowledge. 

The Psychology Of Money: Key Lessons

  • The Power of Compounding: If you invest small money consistently then over time it can result in a humongous amount.
  • Keep Away From Emotional Decision-Making: Decisions based on fear and greed are very dangerous.
  • Be Patience While Investing: The successful investors think long term. So be patient rather than chasing them quickly to gain profits.

"Doing well with money has little to do with how smart you are and a lot to do with how you behave." – Morgan Housel

The Psychology of Money: Good vs. Bad Money Mindset

Factor

Good Money Mindset

Bad Money Mindset

Investing Approach

Long-term compounding

Short-term speculation

Emotional Control

Stays calm during downturns

Reacts emotionally to losses

Spending Habits

Saves and invests wisely

Spends impulsively

Top 3 Books to Achieve Financial Freedom

Generating wealth is not about intelligence but how meticulously you maintain patience, discipline, and smart financial habits. 

3 Best Books to get financial Freedom: Conclusion

From the above three mentioned books, applying the lessons and strategies in practical life can lead you to achieve financial freedom. The knowledge that you will get from reading these books is futuristic and will transform your financial future. 

Robert Kiyosaki’s Rich Dad Poor Dad teaches you the importance of assets in your life. 

The Millionaire Next Door explains about frugality and investing prudently.

Morgan Housel's The Psychology of Money explains the important role of habits in wealth building. 

By assimilating the principles described in these 3 books can help you a lot to achieve financial freedom. So, work hard and apply the concepts gingerly. 

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The Money Codex: These 3 Books Can Make You Very Rich
These 3 Books Can Make You Very Rich
Many books are available on financial freedom, but only a few are written so meticulously that can lead you to become rich.
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https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgyTDcayDY6HztrSEoJye9LSp2FynGYXMnepdAM9lITozP5ldwM8OwfQADaEi0hD8I6G4fzn8G9R8V6CzU8aGhFOlwiace21z6yfhVF_SQsOHqoYDfw4cyLqC5u4YN9_bFjkBRLOS_U67DSewp1reHMG_omsPwCWgKVdto02Y9PWD9GmzbPfKeJVoYI1oR/s72-w640-c-h360/1000049019.webp
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