How To Become A Millionaire Book
The word millionaire has many definitions. In general, a million dollars is the minimum amount of money required to be considered a millionaire. Some people use the term to refer to anyone who has at least $1 million in assets, while others define it as an individual who earns that much in annual income.
The term “millionaire” was coined in 1827 by John Jacob Astor, who made his fortune in real estate and fur trading. At the time of his death in 1848, Astor was worth about $85 million (in today’s terms).
What is a Millionaire?
While there are no official tests to determine whether or not you’re a millionaire, one way to determine if someone qualifies for this status is by looking at their net worth. The net worth of an individual is calculated by subtracting all liabilities from all assets (cash and other liquid assets; stocks and bonds; real estate held for investment purposes; personal property such as art or jewelry). If your net worth is positive after these calculations are complete, then congratulations—you’re probably not a millionaire!
How To Become Millionaire Book
Many people want to become rich. But, even though they are working with blood, sweat, and tears every day, it still seems like something is missing. Something that holds them back from what they desire.
This list of the best books on becoming a millionaire will reveal all rich people’s secrets and habits. After reading these titles, you will finally learn how to achieve what you’ve dreamed of.
Are you ready to gain some wisdom and witness a six-figure number in your bank account? Let’s go!
1. The Education of Millionaires: Everything You Won’t Learn in College About How to Be Successful by Michael Ellsberg
It is evident that nobody becomes a millionaire in a day. And just like for others, education matters. However, it would be an understatement that a proper education comes only from universities, colleges, and other facilities. Thus, the list of the best millionaire mindset books would be incomplete without The Education of Millionaires.
In his book, Michael Ellsberg reveals all the secrets about what kind of knowledge one should master to become successful and, what’s also essential, wealthy. From The Education of Millionaires, you will find out why lifelong learning is crucial for your achievements, who are the knowledge workers and why they are so great. Mastering these insights will lead to gaining the success you’ve always wanted.
The Education of Millionaires
by Michael Ellsberg
16 min
18 insights
2. The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas J. Stanley, Sarah Stanley Fallaw
Our lives are full of decisions we make. No wonder that some of them lead us to the tops of the highest mountains, while others, well, to the dumps. Of course, we also can’t neglect the impact of our behavior and personality traits on the success we aim to achieve.
The Next Millionaire Next Door will teach anyone how to find the right path to making a fortune, focusing specifically on careers and lifestyles associated with each way and what it takes to succeed. No one can doubt that this title is worth including in the most influential books on the habits of millionaires. It’s a proper guide for anyone eager to have a high income and a fairytale-like life.
The Next Millionaire Next Door
by Thomas J. Stanley, Sarah Stanley Fallaw
19 min
29 insights
3. Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker
So close, and yet so far. How many times have you been feeling like this in life? It often feels like something is missing. Maybe some hidden last step towards achieving the ultimate success? Well, here you go! The mystery is finally solved with this member of the best books for a rich mindset.
T. Harv Eker, the author of Secrets of the Millionaire Mind, reveals the splendid missing link between wanting success and achieving it. You will find out how your attitude and everything going on affect your current money blueprint significantly. It’s time to uncover the truth about success once and for all.
Secrets of the Millionaire Mind
by T. Harv Eker
19 min
30 insights
4. The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco
Sometimes we get stuck on the idea of how we can end up rich. And it’s not about winning a lottery, no. It’s about saving, saving on everything you should actually enjoy for the sake of retiring wealthy one day. No wonder this approach is corrupted and doesn’t bring that much happiness after all. So what’s the right one?
MJ DeMarco’s book, The Millionaire Fastlane, can unapologetically answer this question. It will teach you how to crack the code to wealth and get on the millionaire fast lane without giving up on the things you like. Sounds like a game-changing plan from the best millionaire mindset books, doesn’t it?
The Millionaire Fastlane
by MJ DeMarco
17 min
18 insights
5. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley, Dr. William D. Danko
Would you like to take a glimpse of what the millionaires’ world looks like? Or maybe more — to find out how you can become a part of their league? If your answer is yes, then this book is right for you.
The Millionaire Next Door contains research on the lives of America’s wealthiest households with all the myths and secrets of a rich life. It’s not a secret that learning something from examples is more productive than from theory. Consequently, it is the perfect read for anyone who strives to make a fortune.
The Millionaire Next Door
by Thomas J. Stanley, Dr. William D. Danko
13 min
10 insights
6. Everyday Millionaires: How Ordinary People Built Extraordinary Wealth — and How You Can Too by Chris Hogan
Millionaires are often seen as people who are far from ordinary. The truth is that most of them come from a humble background where there was no place for extravagant riches. So how did they achieve their brand-new shiny lifestyle?
You will find all the answers and secrets in one of the best books on becoming a millionaire. Yes, we are talking about Everyday Millionaires by Chris Hogan. This best-selling author and personal finance expert knows everything about making a fortune even if your income is not satisfying at the moment. Why? Because nothing else matters but your hard work and dedication.