Lecture on Books to Achieve Wealth

Introduction

• Main Claim: 95% of books on wealth are impractical for actually getting rich.
• Focus: 17 books that genuinely aid in the journey to wealth.
• Structure: Books categorized by income goals: $0-$10k/month, $10k-$100k/month, and $100k-$1M/month, plus a bonus category for $1M-$10M/month and beyond.

From $0 to $10k/Month

1. The Alchemist

   • Theme: Following your purpose.
   • Challenge: Overcoming inertia and rewiring your brain.

2. Think and Grow Rich by Napoleon Hill

   • Concept: Believing in your ability to achieve wealth.
   • Pitfall: Avoiding the trap of waiting for the perfect moment.

3. Atomic Habits by James Clear

   • Focus: Incremental self-improvement through habits.
   • Application: Becoming a person worthy of success through habit formation.

4. Money Master the Game by Tony Robbins

   • Exercise: Designing your life financially.
   • Insight: Quantifying financial success through scenarios.

From $10k to $100k/Month

1. The 4-Hour Workweek by Tim Ferriss

   • Principle: 80/20 rule (Pareto Principle).
   • Focus: Working smarter, not harder.

2. Influence: The Psychology of Persuasion by Robert Cialdini

   • Skill: Persuasion and influence.

3. Confessions of an Advertising Man by David Ogilvy

   • Skill: Marketing fundamentals and copywriting.

4. The Lean Startup by Eric Ries

   • Concept: Importance of execution and feedback loops.

5. Never Split the Difference by Chris Voss

   • Skill: Negotiation techniques like tactical empathy.

6. How to Win Friends and Influence People by Dale Carnegie

   • Focus: Understanding human nature and relationships.

7. The 48 Laws of Power by Robert Greene

   • Insight: Understanding human behavior and power dynamics.

8. The Personal MBA by Josh Kaufman

   • Content: Comprehensive business knowledge without formal education.

From $100k to $1M/Month

1. The Intelligent Investor by Benjamin Graham

   • Focus: Value investing for wealth protection.

2. Reality Transurfing by Vadim Zeland

   • Concept: Bending reality and managing your own life.

3. Misbehaving by Richard Thaler

   • Theme: Behavioral economics and its impact on investing.

From $1M to $10M/Month and Beyond

1. The Creature from Jekyll Island by G. Edward Griffin

   • Insight: Understanding the Federal Reserve and money creation.

2. The House of Morgan by Ron Chernow

   • Content: Banking system and the history of the Morgan family.

3. Devil Take the Hindmost by Edward Chancellor

   • Focus: Understanding historical cycles of economic booms and busts.

Conclusion

• Summary: Reading the right book at the right time in your wealth journey can be profoundly impactful.
• Reflection: The importance of revisiting books as your financial situation evolves.
• Final Note: The compilation of this list is based on personal experience and extensive reading.