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10 Brilliant Business Books You Can Read To Find Your Shortcut To Success

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10 Brilliant Business Books You Can Read To Find Your Shortcut To Success

It’s a known fact that successful people read. Time and time again, successful entrepreneurs and business leaders cite frequent reading as one of their most important habits. If you’re looking for success in business and in life, these 10 brilliant business books can help you find your shortcut to success.

1. The 7 Habits of Highly Effective People by Stephen R. Covey

7 Habits of Highly Effective People

    Get inspired and empowered with Covey’s classic book on achieving your goals. Each chapter explores a different habit aimed at helping you be the best, most effective person you can be for success in business and life. Read this if you’re ready to make powerful changes in your life to move you toward success.

    2. Zero to One by Peter Thiel

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    Zero to One

      Billionaire investor and entrepreneur Thiel offers deep and thought provoking insights on entrepreneurship and building value in the world in this modern classic. Read this to learn how great businesses are built and managed in today’s world.

      3. The 4-Hour Workweek by Tim Ferriss

      4 Hour Work Week

        With over a million copies sold worldwide, you’ve probably heard of ‘The 4-Hour Workweek’ before. In this powerful book Ferriss teaches you how to escape the 9-5, live anywhere, and join the new rich. This highly practical and informative read will have you looking at the world and the opportunities available to you in a whole new way. Read this if you’re ready to learn a new way of seeing the opportunities all around you.

        4. ‘Think and Grow Rich’ by Napoleon Hill

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        Think and Grow Rich

          Hill’s best seller has been one of the top-selling books of all time since it was first published in 1937. Read this if you’re ready to learn the secrets to success and wealth creation. Full of practical steps you can introduce in your life today. You won’t want to put this down till you’re done reading.

          5. ‘Who Moved My Cheese?’ by Spencer Johnson

          Who Moved My Cheese?

            For timeless lessons on how to let go of fear and embrace change, you can’t go past Johnson’s best selling classic ‘Who Moved My Cheese?’. Inside you’ll find powerful strategies for successfully dealing with changing times, all wrapped up in a deceptively simple story about two mice and two little humans stuck in a maze of moving cheese. Read this if you want to approach the changes in your life in a highly effective way.

            6. ‘The One Minute Manager’ by Kenneth Blanchard and Spencer Johnson

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            The One Minute Manager

              When it comes to learning the art of effective communication as a manager, you can’t go past ‘The One Minute Manager’. It’s full of expert advice on effective communication between managers and their employees. Read this if you’re a new manager, or a veteran who’s ready to uplevel the way you approach your employees,

              7. ‘The Richest Man in Babylon’ by George S. Clason

              The Richest Man in Babylon

                The ultimate guide to personal finance as told through a seemingly simple collection of parables set in the historical city of Babylon. Read this to learn the simple yet powerful principles of financial success like who to pay first in your business and investing in yourself above all else.

                8. ‘The Power of Habit’ by Charles Duhigg

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                The Power of Habit

                  Habits are powerful things, and nobody knows this better than Duhigg who shares the science of habit change in this remarkable book that will set you up for a lifetime of happiness and success. The big message here is that success begins with small changes in behaviour that you can start implementing right now.

                  9. ‘How to Win Friends & Influence People’ by Dale Carnegie

                  How to Win Friends and Influence People

                    In this classic best seller Carnegie takes you inside the psychology behind our daily interactions to show you how to become a leader and influencer in your field. Read this if you’re ready to step up to build purposeful and meaningful relationships to pave your way to success.

                    10. ‘Rich Habits: The Daily Success Habits of Wealthy Individuals’ by Thomas Corley

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                    Rich Habits

                      Corley spent five years studying the lives of both rich and poor people to share the essential habits of both groups in this insightful book. This is a must read if you’re ready to learn the simple habits that could drastically impact your financial future.

                      Featured photo credit: Filling the frame, filling my life by Donnell King via flickr.com

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                      Last Updated on July 20, 2021

                      Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

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                      Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

                      Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

                      Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

                      Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

                      In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

                      Break Free of Your Finances

                      Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

                      When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

                      Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

                      Though it seems hard to believe, it is really very simple to get financial freedom.

                      To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

                      While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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                      Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

                      1. Stop Unnecessary Spending

                      We often spend money inwardly, instead of objectively.

                      For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

                      To stop this habitual spending, log down all your spending over the course of a month.

                      Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

                      This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

                      2. Plan a Monthly Budget

                      This is a great opportunity to get serious.

                      Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

                      Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

                      3. Cut-up Credit Cards

                      Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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                      If not, you may want to consider ridding your life of the burden that credit cards bring.

                      Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

                      Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

                      4. Increase Savings

                      There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

                      It’s good practice to save up to 15% of your income.

                      Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

                      Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

                      5. Invest Wisely

                      Consider investing in funds.

                      Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

                      To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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                      Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

                      6. Invest in Gold

                      There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

                      You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

                      Another way to invest in gold is through ETFs (Exchange Traded Funds).

                      These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

                      With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

                      7. Stash Emergency Funds

                      Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

                      If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

                      Make it hard to get your cash.

                      Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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                      8. Find Fabulous Mentors

                      Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

                      If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

                      There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

                      9. Be Extra Patient

                      Patience is the key of financial success.

                      Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

                      So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

                      Financial Freedom for All

                      Anyone can achieve financial freedom, regardless of their financial circumstance.

                      Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

                      Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

                      Featured photo credit: rawpixel via unsplash.com

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                      Reference

                      [1] Hartford Gold Group: IRA Retirement Accounts

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