Do you know that you can read your way into wealth? What do you think stirred up most of the world’s wealthiest men into prosperity? Let’s find out.

One strong habit of a great majority of the richest and most successful people on earth is reading. Bill Gates, a billionaire, reads 50 non-fiction books a year, translating to about one book per week.

He is quoted as having said that, “Reading fuels a sense of curiosity about the world, which I think helped drive me forward in my career.” Gates attributes his ability to see things differently to the new things he reads in books. He loves reading to the extent of devoting a whole section of his personal blog to reviewing his favorite reads.

Warren Buffett, also a billionaire, says “I just sit in my office and read all day.” He is said to spend 80 percent of his day either reading or thinking.

The same attitude of taking reading very seriously also goes for Mark Zuckerberg, another billionaire. In 2015, Mark posted on his Facebook page that he challenged himself to read a book each week for the entire year.

Oprah Winfrey, also a billionaire, is another voracious reader. This is what she says. “I love being surrounded by books. For me, they're like art, little pieces of sculpture placed all over the house, reminding me, always, of the power of the written word.”  

She started Oprah Winfrey’s Book Club in 1996, in which she selects every book herself and invites millions of readers from all over the world to her interactive, multi-platform reading club to discuss inspiring stories.

Tom Corley, author of Rich Habits: The Daily Success Habits of Wealthy Individuals, in his research found out the following:

v  11% of wealthy people read for entertainment, contrasted with 79% of poor
v  85% of wealthy people read 2 or more books per month (on education, career-related, or self-improvement), contrasted with 15% of poor
v  94% of wealthy people read news publications including newspapers and blogs, contrasted with 11% of poor.

In addition to career-connected and personal development books, the rich also read biographies and auto-biographies of other successful people to draw inspiration.

Hints on How to Gain Insight into Wealth Secrets Through Reading

(1) Set a goal of what you want to accomplish or benefit from reading:  The goal could be to find out or discover the secrets, principles, formulas, or strategies individuals applied to get rich. Making financial literacy a part of the overall goal would be helpful.

You know what? “The major reason for setting a goal is for what it makes of you to accomplish it. What it makes of you will always be the far greater value than what you get.” So says Jim Rohn, and rightly so. Wealth and success are something you attract by the person you become.

 (2) Decide on the specific books to read: This is very important. It is not every kind of reading that can inspire you into wealth. Check the reading lists of millionaires and billionaires. Apart from career-related books and materials, self-improvement or personal development books and materials are very important. They’ll greatly assist you in building your attitudes or forming success habits.

Personally, I have read several dozens of these books. But a few that you can really find useful include: Think and Grow Rich, The Richest Man in Babylon, Towards Mental Exploits, The Unlimited Power of Faith, and Rich Dad Poor Dad series including, The Cashflow Quadrant, Retire Young Retire Rich, etc.

(3) Commit to reading every day: Make it a habit to read daily. Schedule a time to read and for how long. What physical food is to your body, reading is to your mind. If you can’t starve your body, it is far more dangerous and injurious to starve your mind.

(4) Read with a learning mindset: Almost 80 percent of the poor read for entertainment, not to learn. But 85 percent of the wealthy individuals read to learn, to know and to apply, to be able to add much more value. In the words of Max Lukominskyi, “The key secret to success is not excessive expertise, but the ability to use it. Knowledge is worthless unless it is applied.” 

Earl Shoaff also has these words of important advice, “If you wish to be successful, study success. If you wish to be happy, study happiness. If you want to make money, study the acquisition of wealth. Those who achieve these things don’t do it by accident. It’s a matter of studying first and practicing second.”

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