Wealthy and successful people think and operate much differently form the rest of the population in a number of ways. First, they filter who they listen to and take advice from. You would never see them take advice or commentary from an anonymous blogger or pundit with little to no transparency or proven track record of success. The wealthy also possess a long term investors mind set and never a traders short term mentality. They simply buy quality assets like Real Estate and dividend paying equities, and hold them for long periods of time, regardless of current (short term) market sentiment. It’s a very simple and effective method but one that so many people try and complicate with a get rich quick, market timing, traders mentality. It’s the reason so few people achieve any kind of net worth in their lives.
I often get young people ask me about what kind of books they should read to learn more about attaining financial success. As a start, this would be my core reading list:
Think and Grow Rich - Napoleon Hill
The Snowball - Warren Buffet
Millionaire Next Door - Thomas J Stanley
One Up On Wall St - Peter Lynch
A Random Walk Down Wall St - Burton Malkiel
The Strangest Secret - Earl Nightingale
What They Don’t Teach You at Harvard Business School - Mark McCormack
The Power of a Dream - Peter Legge
The Little Book of Common Sense Investing. - Jack Bogle
The Power of Now - Eckhart Tolle
