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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 January 13, 2020

Is It Time for a Career Change? (And How to Make the Change)

Is It Time for a Career Change? (And How to Make the Change)

Are you challenged at work? Do you regret career decisions? Are you happy? If the answer to the questions leads to a negative feeling, it is time to determine next steps.

Many people settle for a career that no longer brings satisfaction. Most will respond by stating, “I am surviving” if a colleague asks them “How’s work?”

Settling for a job to pay bills and maintain a lifestyle is stagnation. You can re-direct the journey of a career with confidence by taking control of future decisions. After all, you deserve to be live a happy life that will offer a work-life balance.

Let’s look at the reasons why you need a career change and how to choose a career for a more fulfilling life.

How to Know if You Need a Career Change?

The challenges of dissatisfaction in a career can have a negative impact on our mental health. As a result, our mental health can lead to the obvious appearance of stress, aging, weight gain and internal health issues.

You deserve a career that will fulfill the inner desire of true happiness. Here are common factors that it is time for you to change your career.

Physical Signs

Are you aging since you started your job? Do you have anxiety? What about work-related injuries?

It feels amazing to receive a pay cheque, but you deserve to work in an environment that brings out the best of you. If the work environment is hazardous, speak to your boss about alternative options.

In the case that colleagues or your boss take advantage of your kindness, feeling the anxiety of fear of losing your job because of a high-stress environment may not be right for you.

Mental Signs

One out of five Americans has mental health issues, according to Mental Health America.[1] In most cases, it is related to stress.

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I remember working at a job in a work environment where harassment was acceptable. I had to walk on eggshells to avoid crossing the line with colleagues. My friends started to notice the difference in that I seemed out of character. It was then that I knew that changing a career to freelancing was the right decision.

Here is a list of mental signs of workplace unhappiness:

  • The tension in your neck
  • Difficulties with sleeping
  • Unable to concentrate
  • High anxiety
  • Depression

If you start to feel your self-esteem is diminishing, it is time to consider if working in a high-stress industry is for you. The truth is, this negative energy will be transferred to people in your life like friends and family.

Are You Sure You’re Not Changing for the Wrong Reason?

Most people that feel they need a career are frustrated with their situation at work. Do you really understand your current situation at work?

The reason it is important to think about the work situation is some people decide to change career for factors that are insignificant. Factors that can potentially change if the person works in a different department or new organization.

Here is a list of unimportant factors to think about before you decide to make the transition:

Desire for an Increase of Salary

The desire for a higher income can persuade some to believe they are in the wrong career. The issue with this is more money requires more time in the office or taking on several positions at a time.

At times, pursuing a high-income role can be the complete opposite of what one is expected. It is what happens when a colleague leaves a company to a new one and returns several years later.

Overnight Decision

Let’s face it. We make overnight decisions when stressed out or disappointed with situations at work. The problem with a quick decision is the negative and positive points is overlooked.

Rejected for a Promotion

I have heard stories of managers that applied ten times for a position throughout a 5-year period. Yes, it sounds to be a lengthy process, but at times, a promotion requires time. Avoid changing a career if you do not see the results of a promotion currently.

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Bored at Work

Think deeply about this point. If you work a job that is repetitive, it is normal to feel bored. You can spice it up by changing the appearance of your desk, socializing with new employees in a different department, joining a leadership committee at work or coming to work with enthusiasm. Sometimes, all it takes is you to change jobs into a fun situation.

A career change can take time, networking, education and the job search process can be a journey. Here is a list of things to consider before making a final decision:

  • How long have you worked in your career?
  • What is the problem at work? Do you work well with the team?
  • Do you receive recognition?
  • Can you consider working in a new department?

If after reviewing your work situation and none of the above recommendations can help, then it’s time to make a career change.

How a Career Change Will Change Your Life

I have a friend that works in the medical industry. She was once a nurse working directly with patients in one of the top hospitals in her area. After five years, she started to internalize the issues with her patients to the point where she felt depressed after work hours. It impacted her relationship with her family and she almost lost herself.

One day, she decided to wake up and take control of her destiny. She started applying for new medical jobs in the office. It meant working on medical documentation of patients which is not an ideal career based on what society expects a medical professional to perform. But she started to feel happier.

It is a classic example of a person that was negatively impacted by issues at work, stayed in the same industry but changed careers.

A career change can fulfill a lifelong dream, increase one’s self-esteem or revive the excitement for one’s work.

You know a career change can be the right decision to make if you experience one or all of these:

  • Working in a negative workplace: Don’t be discouraged. A negative workplace can be changed by working at a new organization.
  • Working with a difficult boss: The challenges of working with a difficult boss can be stressful. All it takes is communication. You can address the issue directly with a manager professionally and respectfully.
  • Feeling lost about what you do: Most people stay at their jobs and settle for mediocrity because of the fear of failure or the unknown. The rise to success often comes with working a tedious role or stepping outside of one’s comfort zone. If you fear the idea of being involved in activities that are new, remember that life is short. Mediocrity will only continue to make you feel as if life is passing you by.

How to Make a Career Change Successfully

The ultimate key to success is to go through a career transition step by step to avoid making the wrong decision.

1. Write a Career Plan

A career plan has a dead line for action steps that includes taking new courses, learning a new language, networking or improving issues at work.[2] A career plan should be kept in your wallet because it will motivate you to keep pursuing the role.

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You can learn how to set your career plan here.

2. Weigh Your Options

If you have a degree in Accounting, write down five positions in this industry of interest. The good news is diplomas and degrees can be used to a variety of roles to choose.

You don’t have to stick to what society holds a top job. In the end, choosing the right role that will make you happy is priceless.

3. Be Real About the Pros and Cons

It is time to be honest about strengths, weaknesses, opportunities and threats in the job market that are impacting the current situation.

A SWOT Analysis of a career can include:[3]

  • Economic factors
  • Direct competition: Is this role in high demand?
  • Location: Do you need to move? If the goal is to work in tech and living in Cincinnati is not realistic, consider moving to San Francisco.
  • Achievements: To stand out from the competition achievements like awards, committee involvement, freelance work or volunteering is a recipe for success.
  • Education: Do you need to go back to school? Education can be expensive. However, online courses, webinars or self-study is an option.

    A career blueprint is the first step to creating realistic goals. A person without goals will be disappointed without a clear direction of what to do next.

    4. Find a Mentor or Career Coach

    A mentor or a career coach that works in the desired position can share the pros and cons of working in the role. Here is a list of questions to ask a mentor:

    • What is required to be successful in the role?
    • What certification or educational development is needed?
    • What are the challenges of the role?
    • Is there potential for career advancement?

    A chat at a coffee shop with a mentor can change your mind about the desire for a career change.

    Find out how to pick a good mentor for yourself in this article: How to Find a Mentor That Will Help You Succeed

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    5. Research Salary

    Some people decide to change careers for a role that pays less or perks like benefits to make up for the difference in previous to potential salary.

    It can reveal the cities throughout the country that offer a higher salary for those that have an interest in relocating for work.

    6. Be Realistic

    If your goal is to move up into an executive position, it is time to be honest about where you are in your career.

    For example, if boardroom meetings, high-level discussions about financials or attending weekly networking events are boring, an executive role may not be right for you. If you are an introvert and working with people every day is nerve wrecking, you need to reconsider a job in sales.

    Ask yourself if you can work in this role for the next five years of your life. If other benefits that come with the role are enticing, other roles are fit that will make you happy.

    7. Volunteer First

    A person that wants to become a manager should take on volunteer opportunities to experience the reality of the position.

    Becoming a committee member to pursue a presidential opportunity can provide a perspective on leadership, maintaining a budget and public speaking.

    Volunteer in a role until you are certain that it is the right opportunity.

    8. Prepare Your Career Tools

    I recommend asking a boss, colleague or mentor for career tools. If you prefer professional assistance, you can seek out resume writing assistance. Here is a list of things to consider when preparing career tools:

    • Online search: Search your name online to see what shows up. I recommend searching images that are on Facebook, Twitter, Snapchat or other sites on a personal account. The last thing you want to realize is the job search is unsuccessful because there is unprofessional content you posted online.
    • Be LinkedIn ready: Recruiters conduct a LinkedIn search to see if the work experience is the same on a resume. Remember to change the wording on LinkedIn from the resume, or it will appear there was no effort put into creating the profile.
    • Portfolio: A portfolio of work is recommended for people that work in the arts, writing, graphic design and other fields. I recommend a portfolio online and one that is available in hand when attending job interviews or networking meetups.
    • Cover letter: A good cover writer will always impress your potential employers. Here’s how to write a killer cover letter that stands out from others.

    Bottom Line

    It takes time to move towards a new career. Pay attention to the physical and mental signs to maintain your health. You deserve to work in happiness and come home stress-free. If you avoid the common mistakes people make, you will find a job and discover the role in a career field that is the best fit with your skillsets.

    Master these action steps and changing career paths will be on your terms to make the best decision for your future.

    More About Career Change

    Featured photo credit: Pexels via pexels.com

    Reference

    [1] Mental Health America: The State of Mental Health in America
    [2] MIT Global Education & Career Development: Make a Career Plan
    [3] Creately: Personal SWOT Analysis to Assess and Improve Yourself

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