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What do Elon Musk, Bill Gates, and Warren Buffett all have in common? Well, besides being in the 10-figure club, they’re all avid readers.
Do any quick Google search, and you’ll find no lack of ultra-successful people attributing their success to this one thing – reading. (Mom was right again! Reading really is key to success.)
Over the last few years, I’ve increased my appetite for books, and I can personally attest to its benefits. I’ve never once felt like I wasted my time after finishing a book.
I want to challenge all of you: cut down on your Netflix time, and start reading or listening to audiobooks!
I guarantee you won’t regret it.
Books I Love & Highly Recommend
These are some of my favorite books I’ve read in recent months. This list is subject to change/be added to, so check back again later!
Zero to One – This book was amazing, to say the least. It’s chock full of not only wisdom but also well-thought out contrarian viewpoints. The main thesis is that successful businesses don’t iterate to incremental gains, but they go from 0 to 1 and create something new and anti-competitive. Peter Thiel is a super smart dude.
Rich Dad Poor Dad – This book gave me my ‘aha’ moment and was probably the most influential read I’ve had in the past few years. From what I’ve seen in the personal finance community, RDPR is either “love it or hate it”. I’m firmly in the ‘love it’ camp. Maybe it’s because I grew up in a similar Asian American household, so I can relate to the poor-dad mentality – but the book strongly resonated with me, and opened my eyes to the power of real estate investing.
The One Thing – The One Thing is a fun, easy, and motivational read. Gary Keller founded Keller Williams Realty, the largest broker in the U.S. The book is challenging for those of us who have shiny object syndrome, and try to tackle too many projects at once.
How To Win Friends & Influence People – According to Financial Times, billionaire Warren Buffett only displays one certificate in his office – and it’s not any of his degrees. It’s a certificate of completion from one of Dale Carnegie’s courses. This book should be required reading for every person – but especially if you’re in a people facing role for work!
ABCs of Real Estate Investing – Rich Dad Poor Dad is more concept than it is a practical how-to. Kiyosaki’s follow-up books are what really fill in the gaps. Written by Ken McElroy, a highly successful RE investor, this book goes over a ton of technical real estate terms, and how you can identify ‘good deals’, and get started investing in real estate.
Tax Free Wealth – Another book from the RDPD series, this book opened my eyes to the power of tax-advantaged businesses/investments. W-2 income gets taxed to the nines. In contrast, Warren Buffett is quoted as saying he gets taxed at the same rate as his secretary. Learning how to harness and reduce your taxes can really save you an arm & a leg.
Algorithms To Live By – This one was just a fun read. I found some of the chapters way more interesting than others. In particular; I really enjoyed learning more about the Bayesian Theorem, Power Law distributions, and statistics. It’s no doubt shaped the way I view investing, and more importantly, the world.
Planning On Reading A Lot?
I try to read at least 2 books and listen to 1 audiobook every month. If you’re planning on doing the same or more, I highly recommend signing up for one or more of these services. If you read anything more than 1 book a month, you’ll find it saves you a ton of money.
Most of the books listed above are also available in ebook or audiobook form on these services!
Scribd – 30 day free trial. $8.99 a month after that. You get 3 books and 1 audiobook every month, which rolls over to the next if you don’t use your credits. They have a huge library to choose from, as well as magazines documents, etc. (My personal favorite)
Kindle Unlimited – 30 day free trial. $9.99 a month after that. Owned by Amazon, the library is huge. One drawback however is that many best sellers are not available on the platform. Check to make sure the books you want are available during your free trial before you commit!
Audible – 2 free audiobooks with trial. $14.95 a month after that. Once again, since it’s owned by Amazon the library is huge. I find Audible to have just about every audiobook I could ever want or imagine. The drawback here is the price. It’s pretty expensive, but if you do a lot of driving + listening, you could def. get your money’s worth.