3 Books That Changed Our Lives
If you’ve taken our Rules of Wealth Masterclass, you would have seen that one of the 7 major commonalities of wealthy people is that wealthy people are avid readers. They are always willing to learn.
Warren Buffett estimates that he spends 80% of his day reading.
Bill Gates shared on his Reddit Q&A the reading is the key to all of his learning.
Elon Musk accredits books as the number 1 reason for his success, even more so than his parents.
Jeff Bezos loved books so much, he started Amazon as an online bookstore.
The list of billionaires that are avid readers can go on and on.
One commonality between all of these wealthy, successful people is that they read non-fiction books.
I was surprised to find out that the average Canadian reads 6 hours per day. But when I did a more deep dive, the average Canadian spent most of those 6 hours reading fiction, newspapers, online articles, and social media (I can’t believe social media counts!).
Sadly, it looks like most Canadians are using reading as an escape, rather than an opportunity to learn.
Reading has had a huge impact in our lives.
For us, books and monthly newsletters have been the most influential pieces in our Quest4cashflow.
So we thought we would share with you the 3 books that have changed our lives forever.
1. Rich Dad Poor Dad – Robert Kiyosaki
This is the one that started it all for us. Vince read it first, then shared it with me. And we’ve been on this crazy pursuit of financial freedom ever since. The main take away from this book is that:
“The poor work for money, the rich work for assets.”
This book does a great job in getting you to think like an entrepreneur, rather than an employee. If after reading this book, you don’t get even just a thought about quitting your job, true wealth probably is not for you.
2. Think & Grow Rich – Napoleon Hill
This is a must-read book for anyone looking to achieve success in both business and life in general. One of the greatest lines we live by from this book is:
“What the mind can believe conceive and believe, it can achieve”.
Almost any investment you make, or business you start, you will come across someone, whether it be a family member or a friend, that will tell you it won’t work. You will never get ahead if you let comments like those scare you. Think & Grow Rich teaches us that mindset is everything when it comes to financial success.
3. How to Win Friends and Influence People – Dale Carnegie
To be successful in pretty much anything, you need to have good people skills. Dale Carnegie does a great job in teaching techniques on how to handle people and their objections, win them over, and be a great leader. One of my favourite lines from this book is:
“If there is any one secret of success, it lies in the ability to get the other person’s point of view and see things from that person’s angle as well as from your own.”
Most arguments happen because you can’t see the other person’s point of view. Every wealthy and successful person has been in a situation where the needed to put their sales or negotiating hat on. If you keep this quote in the back of your mind when trying to sell or negotiate, you raise your chances of success dramatically. Nobody likes the know-it-all.
The list of our favourite books is huge. Pretty much every month we suggest a new book to our Canadian Cashflownaire Members. These include economics books like The Price of Tomorrow and The Bitcoin Standard, investing books like The Psychology of Money and The Intelligent Investor, entrepreneurship books like The 4 Hour Work Week and Shoe Dog, and on and on and on…
But as you can tell, while we love investing and economics books, it is the self-help books that really had the biggest impact on us.
And you need to be working on your mindset everyday.
As I am writing this, I am working through Rich Dad Poor Dad again for the 3rd time. It’s what inspired me to share all of this with you.
Aside from these 3 books mentioned above, if you are looking for some self-help, consider joining our Canadian Cashflownaire Membership.
Every month, we send a 14 page newsletter focusing on wealth, health, mindset, and the current economy.
As mentioned earlier, it was books and subscription newsletters, like our Canadian Cashflownaire Newsletter, that kept our minds sharp and our mindsets sharper.
Books like Rich Dad Poor Dad, Think & Grow Rich, and How to Win Friends and Influence People are timeless classics. Books like these, coupled with newsletters that offer current information, have always kept us focused on our end goals.
If you want to continue learning, and think our Canadian Cashflownaire Membership might be worth a shot, consider joining today.
Vince & Mike
P.S. I read somewhere that books are for old people. I like to think I’m not that old yet, and there’s a lot of people older than me that are wealthy, successful, and happy. I think I’ll stick to reading books for the time being.