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17 Books To Read If You Want To Become A Billionaire

17 Books To Read If You Want To Become A Billionaire

Success is magnetic. As a species, we’re constantly studying how it happens, why it happens, who has achieved it for themselves, and how we can obtain it.

One thing is for sure: money is an echo of value. Those who bring great products, services, businesses, and ideas into the world are rewarded (at least somewhere along the way) with financial gain. Some of these people even become billionaires. Now, it’s not to say money is everything (it’s not), but having financial freedom certainly makes life more flexible and filled with opportunity.

For all the hubbub surrounding success, most of the attention is often swallowed up with the aesthetics of materialism. Getting a nice house, car, plenty of money to go around, and buying anything you want are still considered goals by thousands in developed countries.

In spite of this, in order to break through the typical barriers that withhold people from achieving success, there’s a ton of hard work involved. Experience, skill, grit, and emotional intelligence all contribute to success; one can be sure of this. But what’s the piece most people overlook or underestimate? Having certain knowledge others neglect.

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Here, I’ve compiled a list of 17 books to read if you want to become a billionaire. Take these one at a time and enjoy!

1. How The Scots Invented The Modern World

Billionaires point to this book because, in many ways, essential understandings of economics, free markets, and product innovation can be gleaned from it. Written by Arthur Herman, it’s a vital book for anyone seeking to understand the core of how modern economics functions.

2. Guns, Germs, And Steel: The Fates Of Human Societies

Authored by Jared Diamond, this particular book is similar to Scots, but different in the sense that it covers more details regarding societies. Guns, Germs, and Steel breaks down why certain civilizations lasted longer than others and how this was accomplished. It’s a collection of keen insights into how and why some people outsmart their environments (whether they be war-ravaged or not).

3. Influence: The Psychology Of Persuasion

An absolute classic on the power of how to get things done your way, Robert Cialdini takes persuasion to a new level here. Breaking down the six pillars of how to get people to like you and legitimately want to help you, Influence is a must-have guidebook on how to uphold the best in people while achieving your own goals.

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4. Titan: The Life Of John D. Rockefeller, Sr.

At about 800 pages long, this book is certainly not a speed-read. However, there’s no book more ideal for learning about one of history’s richest men. If you want a detailed discourse on the rising of Rockefeller, look no further than Titan. At the very least, it will reinforce some helpful success principles, and perhaps help you avoid a few mistakes of your own.

5. The Warren Buffett Portfolio: Mastering The Power Of The Focus Investment Strategy

Recommended by billionaire Charlie Munger, there’s perhaps no better book on Warren Buffett’s own investment strategy. While you can’t expect to read this book and then have perfect investing knowledge overnight, it’s indisputably an advantage over other forms of traditional education. Why not learn from arguably the most successful investor of all time?

6. Getting To Yes: Negotiating Agreement Without Giving In

By Roger Fisher, William Ury, and Bruce Patton, this book has long been regarded as a superior business text in thousands of college classrooms and company boardrooms. Similar to How To Win Friends And Influence People by Dale Carnegie, Getting To Yes takes aim at extremely powerful negotiation techniques. Much of the book’s content includes how to talk about an issue rather than belittling a person, aiming for mutual benefit, and remaining politely persistent.

7. The Wealth And Poverty Of Nations: Why Some Are So Rich And Some So Poor

In short, this book is about why some economic pursuits succeed while others have not and will not. If you want to understand why people go after what they go after in regards to business, this is a vital read.

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8. Things Hidden Since The Foundation Of The World

In René Girard’s paradigm-shattering work, he deconstructs many of the traditionally held beliefs and systems many of us have worked through or on for centuries. Girard’s argument is that even though many individuals strive to be distinct in the world, this particular drive can have counterintuitive and occasionally undesired effects.

9. How Children Succeed: Grit, Curiosity, And The Hidden Power Of Character

In a wonderfully refreshing read, How Children Succeed takes the reader on a journey through varying cultural and economic backgrounds. Author Paul Tough accurately points out how one’s intellect is not always tied to academic achievement, as well as similar comparisons. A fascinating and insightful read for those interested in helping and developing upcoming generations.

10. Creativity, Inc.: Overcoming The Unseen Forces That Stand In The Way Of True Inspiration

Written by creative powerhouse Ed Catmull (co-founder of Pixar), this recent book breaks down how teams of artists and creative engineers can work fluidly and get their best work done. It’s an essential guidebook for anyone who’s interested in filmmaking, music, visual art, or other artistic/creative endeavors.

11. Inside The Tornado: Strategies For Developing, Leveraging, And Surviving Hypergrowth Markets

A book adored by Steve Jobs, Inside The Tornado is an unusually helpful read on how the success of tech companies can be applied to up-and-coming startups. Author Geoffrey Moore also goes to the length of providing techniques on how to remain prosperous in spite of rapidly changing markets and consumer demands.

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12. The Intelligent Investor

One of the most highly acclaimed investing books of all time, this work by Benjamin Graham can’t be missed for those serious about profiting from investments. Read by Warren Buffett at age 19, the investing maven himself has consistently referred to it as one of his best self-education choices.

13. Good To Great

This classic business book was written in 2001 by Jim Collins, the famed company and entrepreneurship growth expert. His work examines the leadership traits necessary to take any company from just average to true greatness, reaping larger financial profit, massive employee fulfillment, and deeper cultural impacts in the process.

14. The Power Of Now

In Eckhart Tolle’s insanely popular work, the spiritual writer enables entrepreneurs even further by describing how to prevent yourself from defeating yourself. The crux of the book deals with learning how to make the absolute most of any situation you find yourself in.

15. Outliers: The Story Of Success

In what many regard as Malcolm Gladwell’s most successful work, the illustrious thinker examines the how, what, and why of various successful achievements across multiple fields. This book is an oft-returned-to discourse on the precise mechanics of how success is accomplished.

16. How To Win Friends And Influence People

There’s perhaps no more famous book on evergreen sales techniques and general principles for getting your way in life. Dale Carnegie’s time-tested, monolithic work of non-slimy persuasion hacks is filled with anecdotes and practical tips on how to master any conversation and achieve leverage within business aims.

17. Think And Grow Rich

Napoleon Hill first wrote this classic in 1937, and ever since, hundreds of thousands of entrepreneurs have pointed to it as the most important read on personal success principles. Hill’s book breaks down the psychological barriers everyone faces on the road to success, and how changing your thought patterns can directly affect your life’s trajectory.

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Brad Johnson

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Last Updated on July 23, 2019

How to Make a Career Change at 40 and Stop Feeling Stagnant at Work

How to Make a Career Change at 40 and Stop Feeling Stagnant at Work

There are plenty of people who successfully made a career change at the age of 40 or above:

The Duncan Hines cake products you see in the grocery store are a good example. Hines did not write his first food guide until age 55 and he did not license his name for cake mixes until age 73.

Samuel L. Jackson made a career change and starred alongside John Travolta in Pulp Fiction at the age of 46.

Ray Kroc was age 59 when he bought his first McDonald’s.

And Sam Walton opened his first Wal-Mart at the age of 44.

I could keep going, but I think you get the point. If you have a sound mind and oxygen in your lungs, you have the ability to successfully make a career change.

In this article, I’ll look into why making a career change at 40 seems so difficult for you, and how to make the change and get unstuck from your stagnant job.

What’s Holding You Back from Making a Career Change?

There are a flood of amazing reasons to make a career change at 40. Heck, you could argue the benefits of making a career change at any age. However, there is something a little different about making a career change at 40.

When you are 40, you probably have lots of “responsibilities” that come into the decision-making process. What do I mean by responsibilities, you ask?

Responsibilities tend to be our fears and self-doubt wrapped in a bow of logic and reason. You may say to yourself:

  • I have bills to pay and a family to support. Can I afford the risk associated with a career change?
  • What about the friends I have made over the years? I cannot just abandon them.
  • What if I do not like my career change as much as I thought I would? I could end up miserable and stuck in a worse situation.
  • My new career is so different than what I have been doing, I need additional training and certifications. Can I afford this additional expense and do I have the time recoup my investment?
  • The economy is not the best and there is so much uncertainty surrounding a new career. Maybe it would be better to wait until I retire from this company in 15 years, and then I can start something new.

If you have experienced any of these thoughts, they will only pacify you for a short period of time. Whether that time is a few weeks, a few months, or even a few years.

Since you know that you prefer to do something else for a living, you start to feel stagnant in your current position.

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Your reasons for inaction that used to work are no longer doing the trick. What used to be a small fissure in your dissatisfaction in your current position is now a chasm.

Ideally, you never stay in a situation until that point, but if you did, there is still hope.

4 Tips To Change Your Career at 40

You do not have to feel stagnant in your current role any longer. You can take steps to conquer your fears and self-doubt so you can accomplish your goal of changing your career.

The challenge of changing your career is not knowing where to begin. That feeling of overwhelm and the fear of uncertainty is what keeps most people from moving forward.

To help you successfully change your career at the age of 40, follow these four tips.

1. Value Your Time Above Money

There is nothing more valuable than your time. You are likely receiving a pay-check or two every month that is replenishing your income. Money is something you can always receive more of.

When it comes to your time, when it is gone, it is gone. That is why waiting for the perfect situation to make a career change is the wrong mindset to have.

Realistically, you will never find the perfect situation. There will always be something that could be better or a project you want to finish before you leave.

By placing your time above money, you will maximize your opportunity to succeed and avoid stagnation.

If you feel disconnected when you are at work, understand that you are not alone. According to a Gallup Poll, only 32% of U.S. employees said they were actively engaged at work.[1]

Whether you think your talents are not being properly utilized, the politics of promotion stress you out, or you feel called to do something else with your life; the time to act is now.

Do not wait until you retire in another 10 to 20 years to make a career change. Put a plan in place to make a career change now. You will thank yourself later.

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2. Build a Network

Making a career change is not going to be easy, but that does not mean it is impossible.

One benefit to being further along in your career is the people you associate with are further along in their career as well.

Even if most of the people in your immediate network are not in your target industry, you never know the needs of the people with whom they associate.

A friend of mine recently made a career change and entered the real estate industry. The first thing he did was tell everyone he knew that he was a licensed real estate agent.

It was not as though he thought everyone he knew was getting ready to sell their home. He wanted to make sure he was in the front of our mind if we spoke to anyone purchasing or selling their home.

You may have had a similar experience with a financial adviser canvasing the neighborhood. They wanted to let you know they were a local and licensed financial adviser. Whether you or someone you knew was shopping for an adviser, they wanted to make sure you thought of them first.

The power of your network being further along in their career is they may be the hiring manager or decision-maker.

You want to let people know you are considering a career move early in the process, so they are thinking of you when the need arises.

Let me put it to you in the form of a question: When is the best time to let people know you have a snow shoveling business?

In the summer when there is not a drop of snow on the ground.

Let them know about your business in the summer. Then ask them if it is okay to keep in touch with them until the need arises. Then you want to spend the entire fall season cultivating and nurturing the relationship. As a result, when the winter comes around, they already know who is going to shovel their snow.

If you want to set yourself apart from your competition, start throwing out those feelers before the need arises. Then you will be ahead of your competition who waited until the snow fell to start canvasing the neighborhood.

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Learn about networking here: How to Network So You’ll Get Way Ahead in Your Professional Life

3. Believe It Is Possible

One of the greatest mistakes people make when they want to try something new, is they never talk to people living the life they want.

If you only talk to friends who have not changed their career in 30 years, what kind of advice do you think they will give you? They are going to give you the advice that they live by. If they have spent 30 years in the same career, they most likely feel stability of career is essential to their life.

In life, your actions often mirror your beliefs. Someone who wants to start a business should not ask for advice from someone who never started one.

A person who never took the risk of starting a business is most likely risk adverse. Consequently, they are going to speak on the fact that most businesses fail within the first five years.

Instead, if you talk to someone who is running a business, they will advice you on the difficulties of starting a business. However, they will also share with you how they overcame those difficulties, as well as the benefits of being a business owner.

If you want to overcome your fears and self-doubt associated with changing your career at 40, you are going to need to talk to people who have successfully managed a career change.

They are going to provide you a realistic perspective on the difficulties surrounding the endeavor, but they are also going to help you believe it is possible.

Studies show the sources of your beliefs include,[2]

“environment, events, knowledge, past experiences, visualization etc. One of the biggest misconceptions people often harbor is that belief is a static, intellectual concept. Nothing can be farther from truth! Beliefs are a choice. We have the power to choose our beliefs.”

By choosing to absorb the successes of others, you are choosing to believe you can change your career at 40. On the other hand, if you absorb the fears and doubts of others, you have chosen to succumb to your own fears and self-doubt.

4. Put Yourself Out There

You are most likely going to have to leave your comfort zone to make a career change at 40.

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Reason-being, your comfort zone is built on the experiences you have lived thus far. So that means your current career is in your comfort zone.

Even though you may be feeling stagnant and unproductive in your career, it is still your comfort zone. This helps explain why so many people are unwilling to pursue a career change.

If you want to improve your prospects of launching your new career, you are going to need to attend industry events.

Whether these events are local or a large conference that everyone attends, you want to make it a priority to go. Ideally you want to start with local events because they may be a more intimate setting.

Many of these events have a professional development component where you can see what skill-sets, certification, and education people are looking for. Here you can find 17 best careers worth going back to school for at 40.

You can almost survey the group and build your plan of action according to the responses you receive.

The bonus of exposure to your new industry is you may find yourself getting lucky (when opportunity meets preparation) and creating a valuable relationship or landing an interview.

Final Thoughts

Whatever the reason, if you want to change your career, you owe it to yourself to do so. You have valuable in-sight from your current career that can help you position yourself above others.

Start sharing your story and desire to change your career today. Attend industry events and build a mindset of belief. You have everything you need to accomplish your goal, you only need to take action.

More Resources About Career Change

Featured photo credit: https://unsplash.com/photos/HY-Nr7GQs3k via unsplash.com

Reference

[1] News Gallup: Employee Engagement In US, Stagnant In 2015
[2] Indian J Psychiatry: The Biochemistry Of Belief

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