wealth mindset Book Summaries

"The Psychology of Money" by Morgan Housel is about how our money and financial decisions are often determined by psychological factors such as ego, emotions, and biases. He argues that making good financial decisions and building wealth is less about gaining financial expertise, and more about cultivating qualities like patience, humility, and long-term thinking.

"The Richest Man in Babylon" by George S. Clason offers timeless financial wisdom through parables from ancient Babylon, focusing on principles such as saving 10% of your income, living within your means, and avoiding get-rich-quick schemes. The book champions the concept of "paying yourself first" by setting aside at least 10% of your income before paying any expenses.

The Power of Your Subconscious Mind explains how to change our thinking through "scientific prayer," so we can change the outer conditions of our life to enjoy more prosperity, health, and happiness. Joseph Murphy's techniques include affirmations, visualization, gratitude, faith, and surrender.

"Rich Dad Poor Dad" by Robert Kiyosaki is about learning how to make money by investing and starting businesses, instead of just working for a paycheck. It compares advice from his real dad, who had a regular job and struggled with money, with advice from his friend's dad, who was rich because he understood how to make money work for him.

Think and Grow Rich is about more than money—it's about getting what we want in life. Napoleon Hill interviewed 500+ successful people (like Henry Ford and Thomas Edison), identifying a 13-step formula for achievement, which includes 1) a burning desire, 2) a definite plan, and 3) persistence past failure.