3 Books That Will Change The Way You Look At Money

#1 Atlas Shrugged By Ayn Rand

Not many people can read this book without getting influenced. Will everyone agree with the author? No, but that’s the beauty of it. Some people hate it and rebel against the ideas while some people love them.

All my life, I’ve felt that if you accomplish something—you have to excuse yourself. Perhaps that’s because I’m born in a country where the culture is The Law of Jante. Here is the law:

The law of jante

Now, how did Atlas Shrugged change my way of looking at money? Well, it clarified the fact that you shouldn’t be ashamed for making money. Money will not turn you into a bad person—it will just make you more of what you already are. If you’re generous, more money will allow you to contribute more.

A word of caution: the book is boring for the first 300 pages or so. Therefore, if you decide to read it—be patient! I promise you that it will be worth it. Here is a powerful piece on page 381 that handles the question: “Is money the root of all evil?”

Book

=>Click here if you want to check out the book Atlas Shrugged on Amazon<=

The part in the picture above is several pages. It’s a speech by a fictitious man named Francisco d’ Anconia.

Rich Dad Poor Dad By Robert Kiyosaki

The first time I read Rich Dad Poor Dad, I was 16 years old. Back then, I couldn’t fully understand it. The truth is that the book scared me. Here’s how I thought: I don’t want to go into debt. A previous prime minister told us that the one who is in debt is not free (Göran Persson— Swedish Socialist). The book must be bad for me because all I want is to be free.

But several years later, I decided to give the book another chance. After studying the world economy, I had references to the message in the book. Not only that, I began to see proof of how debt had made other people rich.

Now, debt alone will not make you rich. There’s a difference between good debt and bad debt. Good debt is debt that allows you to leverage other people’s money to create positive cash flow. Real estate investing is a good example of this.

I also learned the difference between assets and liabilities. An asset it something that’s making you passive income while a liability is something that is costing you money every month. Mr. Kiyosaki is the one that stated the controversial phrase “your house is not an asset.”

But just because your home is not an asset, doesn’t mean you shouldn’t own one. The book Richest Man In Babylon states that every person should own their home. What Mr. Kiyosaki is pointing to is the fact that your home is not giving you positive cash flow which is his criteria for an asset. Therefore, your home, car, mobile phone, etc. should be seen as a liability.

But the biggest insight that you’ll get from the book is that rich people don’t work for money. They let money work for them. Think of some of the richest people that you know. Are they doctors or lawyers? You might believe that the majority of doctors and lawyers are rich simply because of the way they dress or the car they drive.  If so, I recommend that you read The Millionaire Next Door.

The typical millionaire is a small business owner. This person is someone that you might never think of as rich. If I were to add a fourth book to this list, it would be The Millionaire Next Door. I’ll do a separate blog post about that book.

Let’s go back to Rich Dad Poor Dad. Mr. Kiyoasaki states that there are four ways to make money:

  1. As an employee.
  2. Being self-employed (a one man show, for example, a freelancer.)
  3. As a business owner.
  4. Be an investor.

According to the book, your goal should be to get the majority of your income as a business owner or as an investor. Does it happen overnight? No, but you can start investing or building a business on your free time.

=>Click here to check out Rich Dad Poor Dad on Amazon<=

4 Hour Work Week By Tim Ferriss

I’ve read many influential books, but I’m trying to create a list of three books that have impacted me in different ways. How did the 4 hour work week change my way of looking at money? Well, it taught me the value of my currency.

$3 in Sweden might get you a coffee but in the Philippines, it could be enough for a day’s food. Tim Ferriss introduced me to the fact that you’re very wealthy if you earn in dollars and spend in pesos.  Does this mean that you have to move to the Philippines to benefit from this? No, but it surely wouldn’t hurt your finances.

We chose to stay in Sweden and utilize the currency effect by outsourcing work. Now, according to Tim, you should outsource parts of your personal life as well. Look for ways to save time and resources like money and join what Tim calls the new rich.

=>Click here if you want to buy the 4 hour work week on Amazon<=

I recommend that you read my review of the 4 hour work week if you want more information regarding the book.

Until next time, stay strong, keep making progress and I’ll see you in the next blog post!

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