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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 March 30, 2020

How to Mind Map to Visualize Your Thoughts (With Mind Map Examples)

How to Mind Map to Visualize Your Thoughts (With Mind Map Examples)

Traditionally, when you have a lot of ideas in your mind, you would create a text document, or take a sheet of paper and start writing in a linear fashion like this:

  • Intro to Visual Facilitation
    • Problem, Consequences, Solution, Benefits, Examples, Call to action
  • Structure
    • Why, What, How to, What If
  • Do It Myself?
    • Audio, Images, time-consuming, less expensive
  • Specialize Offering?
    • Built to Sell (Standard Product Offering), Options (Solving problems, Online calls, Dev projects)

This type of document quickly becomes overwhelming. It obviously lacks in clarity. It also makes it hard for you to get a full picture at a glance and see what is missing.

You always have too much information to look at, and most often you only get a partial view of the information. It’s hard to zoom out, figuratively, and to see the whole hierarchy and how everything is connected.

To see a fuller picture, create a mind map.

What Is a Mind Map?

A mind map is a simple hierarchical radial diagram. In other words, you organize your thoughts around a central idea. This technique is especially useful whenever you need to “dump your brain”, or develop an idea, a project (for example, a new product or service), a problem, a solution, etc. By capturing what you have in your head, you make space for other thoughts.

In this article, we are focusing on the basics: mind mapping using pen and paper.

The objective of a mind map is to clearly visualize all your thoughts and ideas before your eyes. Don’t complicate a mind map with too many colors or distractions. Use different colors only when they serve a purpose. Always keep a mind map simple and easy to follow.

    Image Credit: English Central

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    By following the three next steps below, you will be able to create such mind maps easily and quickly.

    3 Simple Steps to Create a Mind Map

    The three steps are:

    1. Set a central topic
    2. Add branches of related ideas
    3. Add sub-branches for more relevant ideas

    Let’s take a look at an example Verbal To Visual illustrates on the benefits of mind mapping.[1]

    Step 1 : Set a Central Topic

    Take a blank sheet of paper, write down the topic you’ve been thinking about: a problem, a decision to make, an idea to develop, or a project to clarify.

    Word it in a clear and concise manner.

      What is the first idea that comes to mind when you think of the subject for your mind map? Draw a line (straight or curved) from the central topic, and write down that idea.

        Step 3 : Add Sub-Branches for More Relevant Ideas

        Then, what does that idea make you think of? What is related to it? List it out next to it in the same way, using your pen.

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          You can always add more to it later, but that’s good for now.

          In our example, we could detail the sub-branch “Benefits” by listing those benefits in sub-branches of the branch “Benefits”. Unfortunately, we already reached the side of the sheet, so we’re out of space to do so. You could always draw a line to a white space on the page and list them there, but it’s awkward.

          Since we created this mind map on a regular letter-format sheet of paper, the quantity of information that fits in there is very limited. That is one of the main reasons why I recommend that you use software rather than pen and paper for most of the mind mapping that you do.

          Repeat Step 2 and Step 3

          Repeat steps 2 and 3 as many times as you need to flush out all of your ideas around the topic that you chose.

            I added first-level (main) branches around the central topic mostly in a clockwise fashion, from top-right to top-left. That is how, by convention, a mind map is read.

            In the next section, we are covering the three strategies to building your maps.  

            Mind Map Examples to Illustrate Mind Mapping

            You can go about creating a mind map in various ways:

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            • Branch by Branch: Adding whole branches (with all of their sub-branches), one by one.
            • Level by Level: Adding elements to the map, one level at a time. That means that firstly, you add elements around the central topic (main branches). Then, you add sub-branches to those main branches. And so on.
            • Free-Flow: Adding elements to your mind map as they come to you, in no particular order.

            Branch by Branch

            Start with the central topic, add a first branch. Focus on that branch and detail it as much as you can by adding all the sub-branches that you can think of.

              Then develop ideas branch by branch.

                A branch after another, and the mind map is complete.

                  Level by Level

                  In this “Level by Level” strategy, you first add all the elements that you can think of around the central topic, one level deep only. So here you add elements on level 1:

                    Then, go over each branch and add the immediate sub-branches (one level only). This is level 2:

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                      Idem for the next level. This is level 3. You can have as many levels as you want in a mind map. In our example, we only have 3 levels. Now the map is complete:

                        Free-Flow

                        Basically, a free flow strategy of mind mapping is to add main branches and sub-topics freely. No rules to restrict how ideas should flow in the mind map. The only thing to pay attention to is that you need to be careful about the level of the ideas you’re adding to the mind map — is it a main topic, or is it a subtopic?

                          I recommend using a combination of the “Branch by Branch” and the “Free-Flow” strategies.

                          What I normally do is I add one branch at a time, and later on review the mind map and add elements in various places to finish it. I also sometimes build level 1 (the main branches) first, then use a “Branch by Branch” approach, and later finish the map in a “Free-Flow” manner.

                          Try each strategy and combinations of strategies, and see what works best for you.

                          The Bottom Line

                          When you’re feeling stuck or when you’re just starting to think about a particular idea or project, take out a paper and start to brain dump your ideas and create a mind map. Mind mapping has the magic to clear your head and have your thoughts organized.

                          If you can’t always have access to a paper and pen, don’t worry! Creating a mind map with software is very effective and you get none of the drawbacks of pen and paper. You can also apply the above steps and strategies just the same when using a mind mapping tool on the phone and computer.

                          More Tools to Help You Organize Thoughts

                          Featured photo credit: Alvaro Reyes via unsplash.com

                          Reference

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