The Best Books On Building Wealth

By William D. Danko

The Books I Picked & Why

The Richest Man In Babylon

By George S. Clason

The Richest Man In Babylon

Why this book?

This book is a short parable that is called the most inspiring book on wealth ever written. Quite a claim, but it does show that the laws for wealth building applicable 6,000 years ago hold true today.


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Think and Grow Rich

By Napoleon Hill

Think and Grow Rich

Why this book?

The success of Andrew Carnegie inspired Napoleon Hill to write this book. Particularly useful is the section of 55 famous alibis by old man "IF". If I had more time, if I had money, if I lived in a big city, if I were not fat….. These ghosts of fear can be destroyed by studying Hill’s book. This book will also show you how to develop persistence, and how to surround yourself with wise people.


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A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing

By Burton G. Malkiel

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing

Why this book?

Princeton economics emeritus professor Burton G. Malkiel’s book is updated periodically. With thousands of sources for investment advice available to all of us, it is easy to get confused. The good professor lays out a plan for managing a diversified set of investments over a lifetime, paying particular attention to risk tolerance. This could be the only investment guide you need to grow and protect your wealth.


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Who Really Cares: The Surprising Truth about Compassionate Conservatism

By Arthur C. Brooks

Who Really Cares: The Surprising Truth about Compassionate Conservatism

Why this book?

It is personally rewarding to donate your time as a volunteer, no matter what your financial wealth is. But money certainly helps to fund causes in this material world. Brooks’ book shows that compassionate conservatism is an important driving force in America. He shows through extensive survey work that giving money to charity speaks louder than just talking about caring. He argues successfully, that those who are charitable improve life for all of us, and the selfish make us all worse off. Clearly, money can help you achieve true prosperity by helping others with it.


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Free to Choose: A Personal Statement

By Rose Friedman, Milton Friedman

Free to Choose: A Personal Statement

Why this book?

To build wealth, we need an environment that allows for unequal outcomes. The Friedmans argue that using societal or governmental force in the name of equality will destroy the environment where we are free to choose how wealth is grown. In their words: Freedom “preserves the opportunity for today's disadvantaged to become tomorrow's privileged and, in the process, enables almost everyone, from top to bottom, to enjoy a fuller and richer life.” Let the market determine the outcome. Bad ideas will wither away, and good ideas will thrive.


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