The 17 Books That Changed My Life.

Summary

In this insightful video, the speaker shares their journey through hundreds of books, distilling the knowledge into a curated list of 17 essential reads that can transform one's financial trajectory. The books are categorized into stages of wealth accumulation, starting from earning the first ten thousand dollars a month to scaling to a million and beyond. The speaker emphasizes the importance of mindset, strategic habits, understanding macroeconomics, and leveraging historical insights to predict and capitalize on market trends, ultimately guiding viewers on a path to financial success.

Takeaways

• 😀 The speaker suggests that 95% of the information from hundreds of books they've read on various topics was not useful for getting rich, implying that the 17 books recommended are more valuable.
• 📚 The 17 books are categorized into three stages of wealth accumulation: $0 to $10k/month, $10k to $100k/month, and $100k to $1M/month, with a bonus category for beyond $1M/month.
• 🧙‍♂️ 'The Alchemist' is highlighted as the foundational book for the journey to wealth, emphasizing the importance of following one's purpose despite the risks.
• 💡 'Think and Grow Rich' by Napoleon Hill is presented as a key book for instilling the belief that success is achievable and necessary.
• 🔄 'Atomic Habits' by James Clear is recommended for teaching how to change one's actions and habits to become a person worthy of success.
• 💰 'Money Master the Game' by Tony Robbins is noted for helping readers understand and set realistic financial expectations for success.
• 📈 'The 4-Hour Work Week' introduces the Pareto Principle, encouraging readers to work smarter by focusing on the most impactful activities.
• 🗣️ 'Influence: The Psychology of Persuasion' and 'Confessions of an Advertising Man' are paired as essential reads for mastering persuasion and marketing.
• 🤝 'Never Split the Difference' provides negotiation techniques like tactical empathy to build trust and rapport in business dealings.
• 🤔 'How to Win Friends and Influence People' and 'The 48 Laws of Power' are recommended for understanding human nature and relationships for success.
• 🏦 'The Personal MBA' is suggested as a condensed business education, covering a wide range of topics necessary for business success.
• 📊 'The Intelligent Investor' is highlighted for its teachings on value investing as a crucial habit for wealth accumulation beyond $100k/month.
• 🌐 'Reality Transurfing' presents a theory on managing reality to achieve goals, suggesting that some individuals can shape their reality to their will.
• 📈 'Misbehaving' introduces behavioral economics, important for understanding market behaviors and investor actions at higher wealth levels.
• 🏛️ 'The Creature from Jekyll Island' and 'The House of Morgan' are recommended for understanding the banking system and the history of wealth creation.
• 🔮 'Devil Take the Hindmost' teaches readers about historical boom and bust cycles, enabling them to identify and capitalize on emerging trends.

Q & A

What is the speaker's opinion about the majority of books on wealth creation?

The speaker believes that 95% of the books they read on topics like investing, corporate structure, and persuasion did not help them get rich, suggesting that much of the advice is useless when it comes to actual wealth accumulation.

How many categories did the speaker divide the 17 books into for wealth creation?

The speaker divided the books into three main categories based on income levels: zero to ten thousand dollars a month, ten thousand to a hundred thousand dollars a month, and a hundred thousand dollars to a million dollars a month. They also included a bonus category for growing wealth from a million to ten million dollars a month and beyond.

What is the first book the speaker recommends and why is it significant?

The first book recommended is 'The Alchemist'. It is significant because it is the only fictional work on the list and it addresses the prerequisite of making money, which is having the courage to follow one's purpose.

What is the main lesson from 'Think and Grow Rich' by Napoleon Hill according to the speaker?

The main lesson from 'Think and Grow Rich' is the idea that if you can conceive an idea and believe in it well enough, then you can achieve it. It emphasizes the necessity of adopting a mindset where success is not just a desire but a necessity.

How does 'Atomic Habits' by James Clear relate to the process of becoming wealthy?

'Atomic Habits' teaches how to change oneself by changing one's actions, which is crucial for becoming a person worthy of making money. It advocates for incremental steps in forming new habits and discarding old ones to build a solid foundation for success.

What is the Pareto Principle, and how does it apply to wealth creation according to the speaker?

The Pareto Principle, also known as the 80/20 rule, states that 80% of the output comes from 20% of the input. In the context of wealth creation, it means focusing on the most effective activities that generate the majority of revenue, thus working smarter.

Why are negotiation skills important in the journey from ten thousand to a hundred thousand dollars a month?

Negotiation skills are important because they can be used to build trust and rapport with clients, business partners, or potential investors, which can lead to more profitable outcomes and help in scaling the business to higher income levels.

What is the significance of 'Money Master the Game' by Tony Robbins in understanding financial expectations?

'Money Master the Game' helps readers understand how to think about money by quantifying what success looks like financially. It includes exercises that can help individuals realize that success might be closer and more achievable than they initially thought.

How does the speaker describe the transition from active income to passive income in wealth creation?

The speaker describes the transition as moving from actively earning money through business activities to earning money passively through investments. This shift is crucial for long-term wealth accumulation and financial freedom.

What role does 'The Intelligent Investor' play in the wealth creation process, especially at higher income levels?

'The Intelligent Investor' is important for teaching value investing principles, which is a tried and tested method for protecting and multiplying wealth with minimal risk, especially when moving from a hundred thousand to a million dollars a month.

Why is understanding history and human behavior crucial for those aiming to earn a million dollars a month or more?

Understanding history and human behavior is crucial because it provides insights into economic cycles and trends, allowing individuals to predict and capitalize on opportunities. It also helps in understanding the bigger picture of the economy and the world, which is essential for strategic decision-making at higher wealth levels.

Outlines

00:00

📚 The Path to Wealth Through Reading

The speaker emphasizes the importance of reading the right books for financial success, categorizing them into three stages of wealth accumulation: $0 to $10k per month, $10k to $100k per month, and $100k to $1M per month. They also mention a bonus category for wealth beyond $1M per month. The first book highlighted is 'The Alchemist,' which stresses the importance of having the courage to follow one's purpose. The speaker shares personal experiences and insights on mindset, the necessity of taking risks, and the transformative power of the right books at the right time in one's financial journey.

05:02

🛠 Building Habits for Success

The speaker discusses the significance of establishing solid habits as a foundation for success, referencing 'Atomic Habits' by James Clear. They explain how changing one's actions can lead to personal transformation and success. The speaker also addresses the importance of setting financial expectations and the role of 'Money Master the Game' by Tony Robbins in understanding money and designing one's dream lifestyle. The summary includes the speaker's personal anecdote about realizing their dream lifestyle was financially more attainable than initially thought.

10:03

🚀 Leveraging Systems and Skills for Wealth Expansion

The speaker transitions to the next phase of wealth building, focusing on working smarter and leveraging systems. They discuss 'The 4-Hour Workweek' and the Pareto Principle as tools for efficiency. The importance of persuasion and marketing is highlighted through 'Influence: The Psychology of Persuasion' and 'Confessions of an Advertising Man.' The speaker also emphasizes the need for continuous product evolution, negotiation skills, and understanding human nature through books like 'Never Split the Difference' and 'How to Win Friends and Influence People,' culminating in the necessity of a robust business understanding provided by 'The Personal MBA.'

15:04

🌐 Understanding Macro Economics and History for Mega Wealth

The speaker explores the shift in focus from personal skills to macroeconomic understanding as one progresses from earning $100k to $1M per month. They discuss the importance of investing and value investing principles from 'The Intelligent Investor.' The speaker also introduces the concept of reality transurfing from the book of the same name, suggesting that mastering one's reality can help achieve goals. The summary touches on behavioral economics in 'Misbehaving' and the significance of understanding historical economic cycles from books like 'The Creature from Jekyll Island' and 'The House of Morgan' to predict and capitalize on future trends.

20:05

🏆 The Importance of Timing in Wealth Building

In the final paragraph, the speaker reflects on the importance of reading the right books at the right time in one's wealth-building journey. They admit that while they can offer guidance on reaching $10M per month, they cannot assist beyond that point due to their own limitations. The speaker shares the transformative impact of rereading certain books during different phases of their life, attributing their insights and success to the application of knowledge from these books at appropriate times.

Keywords

💡Wealth Creation

Wealth creation refers to the process of generating and accumulating wealth, typically through investment, business, or other financial endeavors. In the context of the video, wealth creation is the overarching theme, with the speaker discussing various books that have influenced their financial success and providing insights on how viewers can apply similar strategies to grow their wealth from zero to millions of dollars a month.

💡Mindset

Mindset, in the video, is defined as the mental attitude or inclination toward a particular state or action. It is crucial for wealth creation as it sets the foundation for success, influencing one's approach to challenges and opportunities. The speaker emphasizes that adopting a mindset where success is a necessity, not just a desire, is key to moving from zero to the first ten thousand dollars a month.

💡Habits

Habits are regular tendencies or practices that often dictate one's behavior. The video discusses the importance of forming good habits and eliminating bad ones to become a person 'worthy of success.' The book 'Atomic Habits' is highlighted as a guide to incrementally change actions and habits, which is essential for personal development and wealth accumulation.

💡Persuasion

Persuasion is the art of influencing people's actions or beliefs. In the video, it is identified as a high-leverage skill necessary for wealth creation, especially when scaling a business from ten thousand to a hundred thousand dollars a month. The speaker mentions 'Influence: The Psychology of Persuasion' and 'Confessions of an Advertising Man' as key resources for mastering this skill.

💡Systems

Systems refer to the set of interconnected elements or parts that form a complex whole, such as business systems that can be leveraged for efficiency and scalability. The video emphasizes the shift from working harder to working smarter, which involves developing and relying on systems that can multiply efforts and lead to greater wealth accumulation.

💡Negotiation

Negotiation is the process of discussion and compromise between parties to reach an agreement. The video mentions 'Never Split the Difference' as a book that teaches valuable negotiation skills, such as tactical empathy, which are essential for securing better deals and building profitable relationships.

💡Investing

Investing involves allocating resources, such as money, with the expectation of generating income or profit. In the video, investing is presented as a critical component of wealth accumulation, especially when moving from a hundred thousand to a million dollars a month. The book 'The Intelligent Investor' is recommended for learning about value investing.

💡Behavioral Economics

Behavioral economics is the study of psychology as it relates to economic decision-making. The video suggests that understanding behavioral economics, as introduced in 'Misbehaving,' is crucial for leveraging insights into investor behavior to one's advantage, particularly when aiming for higher wealth brackets.

💡Macro Economics

Macro economics is the study of the economy as a whole, including topics like inflation, unemployment, and economic growth. The video indicates that macroeconomic understanding becomes increasingly important at higher wealth levels, influencing decisions that can significantly impact wealth accumulation and preservation.

💡Trends

Trends refer to the general direction in which something is developing or changing. The video discusses the importance of identifying and understanding economic and market trends, as outlined in 'Devil Take the Hindmost,' to predict future opportunities and protect wealth from potential downturns.

💡History

History, in the context of the video, is the study of past events, particularly as they relate to understanding the cycles and patterns that influence the present and future. The speaker suggests that learning from historical economic events, as in 'The Creature from Jekyll Island' and 'The House of Morgan,' is essential for predicting and capitalizing on wealth-multiplying opportunities.

Highlights

95% of books on wealth creation are deemed useless for getting rich.

The speaker categorizes 17 books into three stages of wealth accumulation: $0 to $10k/month, $10k to $100k/month, and $100k to $1M/month, with a bonus for beyond $1M/month.

The Alchemist is the only fiction book on the list, emphasizing the importance of following one's purpose to achieve wealth.

Think and Grow Rich by Napoleon Hill is highlighted for its concept that success is a necessity, not just a desire.

Atomic Habits by James Clear is recommended for teaching incremental habit changes leading to success.

Money Master the Game by Tony Robbins helps in understanding financial expectations and the power of writing them down.

The speaker emphasizes the importance of active income and passive income from investments for wealth accumulation.

The 80/20 rule, or Pareto Principle, from The 4-Hour Work Week is crucial for working smarter, not harder.

Influence: The Psychology of Persuasion and Confessions of an Advertising Man are key for mastering persuasion and copywriting.

The Lean Startup advocates for fast execution and feedback loops for business evolution.

Never Split the Difference introduces tactical empathy for effective negotiation.

How to Win Friends and Influence People and The 48 Laws of Power are essential for understanding human nature and relationships.

The Personal MBA provides a condensed MBA education, covering all business fundamentals.

The Intelligent Investor is vital for understanding value investing and wealth protection.

Reality Transurfing introduces the theory of managing reality to achieve goals.

Misbehaving explains behavioral economics, important for understanding market behaviors at higher wealth levels.

The Creature from Jekyll Island and The House of Morgan provide insights into the Federal Reserve and banking systems, crucial for large-scale wealth.

Devil Take the Hindmost teaches identifying historical boom and bust cycles to predict and capitalize on future trends.

Transcripts

I have read hundreds of books on

everything from investing to corporate

structure to the psychology of

persuasion and here's the truth 95 of

what they tell you is completely useless

when it comes to actually getting rich

so let me go ahead and save you the

thousands of hours I have spent reading

that never actually benefited me when it

comes to making money now listen do not

get me wrong the books I read were

wonderful in their own right they were

fascinating but they didn't help me get

rich and honestly you have no time to

waste so these are the 17 books that

will actually make you rich the first

thing that you really need to understand

is that the type of books you're gonna

read to go from zero to ten thousand

dollars a month will be very different

to those that you're going to read in

order to hit a hundred thousand dollar

months or even make a million dollars a

month so therefore I actually divided

these 17 books into three categories

going from zero to ten thousand dollars

a month ten thousand to a hundred

thousand dollars a month and a hundred

thousand dollars to a million dollars a

month then I actually threw in a bonus

category which is the books that will

help you grow from a million dollars a

month to ten million dollars a month and

Beyond and honestly I would say that

that is probably the most interesting

one and that's because at that level

macro economics actually become the most

important thing that's really when you

start to study how the world actually

works you get into books like the house

of Morgan which explains the truth

behind the banking system but we're

gonna get to that a little later in the

video now the first book on this list

almost sets the foundation for

everything to come and by the way it's

also the only fictional work on this

list and I'm talking about The Alchemist

now this book tackles the very

prerequisite of making money and getting

rich and that's having the guts to

actually follow your purpose because

make no stake about it is far easier to

never take that leap of faith or to

never start that business so before you

can even think about making money you

need to have a very honest conversation

with yourself and you need to decide if

you're willing to take that bet on

yourself and decide if you are willing

to overcome the obstacles that come with

following your purpose because when

you're starting from zero and you want

to get to ten thousand dollars per month

that is probably the hardest income

threshold to reach and the reason behind

that is because everything is working

against you you see when you're first

starting out you actually need to rewire

your entire brain you don't need to

Simply make money but you need to become

the person that's worthy of making money

so when I say that everything is working

against you what I mean by that is that

the person you once were is at odds with

the person that you're becoming and just

like Newton's first law of motion you're

fighting inertia and in some sense zero

to ten thousand dollars a month boils

down to one thing mindset you need to

adopt that mindset that success is not

just a desire

it's a necessity and that is exactly the

lesson of the next book on the list

Think and Grow Rich by Napoleon Hill and

much like the title of the book suggests

it boils down to the idea that if you're

able to conceive it and leave it well

then

you can achieve it and I'd say that's

really the first step towards becoming

rich actually believing that you can and

realizing that it's the only path

forward you see the book also talks

about another Pitfall I see far too

often in people just getting started you

see often when you're getting started

you'll get stuck waiting waiting for the

perfect moment waiting for the perfect

business model just waiting for

everything in order to not get started

and the truth is as obvious as it seems

is that there's no perfect time there

never was and there never will be in the

beginning of any Journey let alone the

Journey of getting rich is going to be

messy and my friend that's simply the

name of the game and honestly being able

to navigate through that mess is what

will make you successful and here's

where we get to the next book Atomic

habits you see the next book Atomic

Habits by James Clear teaches you how to

do exactly that you see we already

established that you need to become a

person worthy of success so how do you

do that well you are the sum of all of

your actions so to change yourself you

need to change your actions and

obviously you can't just reinvent

yourself overnight so you need to do it

in incremental steps by implementing new

habits killing old ones and keeping the

worthy ones and that's exactly what

Atomic habits teaches you to do I

remember when I read it for the first

time it completely changed how I

approached my work and allowed me to

stack all of my good habits day by day I

kept solidifying my habits until they

eventually became second nature now real

quick before I get to the next book I

know a lot of you guys are watching this

and going this is amazing but none of

these books are going to show me what

online business do I start this year

that will actually get me Rich because

as I said these are 17 of my favorite

books out of hundreds that I've read but

these books aren't going to tell you hey

this year this model is working this

model is not working maybe you should

try this based on your personal

personality type so that's why I'm going

to leave the link to my most popular

YouTube video down below this video has

helped millions of people decide what

business model is the right one for them

and which ones they should start today

because it is working the best so once

you finish that video I will leave a

link in the description go ahead check

out that YouTube video pick the right

business model for you and let's get

back to the video now once you've built

a solid base of habits and perhaps

you've already chosen your business

model and you're starting to make some

cash you need to start setting

expectations and what I mean by this is

you need to really begin to understand

how to think about money and that is

exactly what you're going to learn in

money Master the game by Tony Robbins

you know it's funny I distinctly

remember being 17 years old reading this

book and doing one of the exercises

where you have to design your life in

three ways in the first scenario you're

just scraping by and you write down how

much money you need in order to make

that happen from your passive

investments in the second scenario

you're living comfortable but not

extravagantly and once again you need to

calculate how much of a nest egg you

need in order for that to happen and in

the final scenario you calculate how

much money you need to go all out and

what you'll come to realize is that if

you're being honest with yourself

success is a lot closer than you may

think and it's funny I even went through

this exercise as a 17 year old and I'm

sure we all think we're like oh I need

to make a 10 million dollars a year to

live my dream lifestyle and I looked at

it and after I had written everything

down my dream lifestyle was like seventy

thousand dollars a month and the funny

thing is the next year when I was 18

years old I was making that amount of

money every single month so I guess it's

just crazy how writing things down

physically works and it's funny I still

have those journals in my house to this

day but anyways back to my point I think

for me it was very powerful because in

my mind as I said I thought like from my

dream lifestyle I have to make millions

and millions of dollars a year and

listen seventy thousand dollars a month

I understand it's still a good chunk of

of money it was still substantially less

than what I thought I did so when I

wrote everything down I was like oh wow

for me to live my dream lifestyle it's a

lot closer than I thought now listen of

course your expectations will always

change and as you become more successful

you might want more from life but it's

just a very powerful exercise to get you

to quantify what success actually looks

like financially because how can you

start working towards success if you

don't even know what it means when it

comes to cents or dollars so once you've

set your expectations you need to start

executing and executing by the way means

how do I make that money actively you

know in the same way that a year later I

was actively earning what was my dream

lifestyle you know my future dream

lifestyle I had written 18 months before

or you know a year before and what's

even more powerful is that if your

passive income gets to a point where

where it pays for that lifestyle for the

rest of your life and what I mean by

passive I mean the income from your

Investments not some business that is

passive because these things can always

shrink and you know and businesses get

stale and I'm talking about your safe

Investments to grow your one year and

what was crazy for me was that three

years later after I had done that from

an active perspective I'd built up a big

enough Nest Egg where I made that every

single year just from my investments so

that's really all to say that this stuff

is powerful and the stuff works now the

next set of books I want to talk about

is going from ten to a hundred thousand

dollars a month because once you've

nailed down your mindset and your work

machine you really enter the next phase

of getting rich now instead of working

harder you need to learn how to work

smarter or preferably still do both but

that really means that you need to focus

on systems that you can leverage and as

a result the type of books that will get

you from ten to a hundred thousand

dollars a month are very very different

in the four hour work week illustrates

this point perfectly in describing the

Pareto Principle you see the Pareto

Principle also known as the 80 20 rule

states that 80 percent of Any Given

output derives from 20 of the input so

in other words twenty percent of your

clients will make up eighty percent of

your revenue and the craziest part is

that this rule extends far beyond just

business it's pretty much a law of

nature for example 20 of food causes 80

of weight gain so regardless of how you

frame it the 80 20 rule allows you to

figure out how to work smarter not

harder the next book we need to talk

about is influence and the psychology of

persuasion now this is one of the

highest leveraged skills you can have is

the ability to persuade masses of people

and that's really where influence the

psychology of persuasion this book truly

shines and I feel like this book is very

powerful when you read it right before

reading the next one which is

confessions of an advertising man you

see this book paired with David ogilvy's

confessions of an advertising man are

pretty much the only marketing books

that you will ever need to get rich

because they're going to teach you the

fundamentals of persuasion both in

marketing and more broadly as well as

the skill of copywriting so once you

know how to Market and persuade buyers

you need to make sure that your product

is constantly evolving and that is the

focal point of the next book I'm going

to recommend which is the Lean Startup

now the book talks about the importance

of execution plus having a proper

feedback loop because when you're able

to execute fast and have proper feedback

you're going to be able to quickly pivot

off the back of that and tap into the

heart of the demand in any given market

now the next high leverage skill you

need in Your Arsenal as you build your

way up from ten to a hundred thousand

dollars per month is negotiation and

we've all heard the saying that

everything is a negotiation and that's

precisely why it's so important to be

good at it now the difference between

knowing nothing and just reading a few

books on the topic are massive and

that's why I never split the difference

is going to give you the Baseline you

need in your path to a hundred thousand

dollars a month it teaches you a method

called tactical empathy which you can

use to build trust and Rapport and the

result of this the other person will

mimic the same level of empathy for you

whether you're negotiating with clients

business partners or potential investors

the techniques in this book will help

you make more money and it doesn't have

to be Complicated by the way simple

things like mirroring what the person is

doing in front of you will have a

profound subconscious effect on them

that could mean just repeating someone's

last few words at the beginning of your

sentence that can form the familiarity

that you need to win negotiations but

the key to success here is understanding

people and that's where the next book

comes in now listen no matter where you

make your money you're gonna have to

deal with people it doesn't matter if

it's your employees or the police you

need to know how to deal with people

because the difference between knowing

how to navigate the social landscape and

not is truly the difference between

failure and success you need to learn

how to inspire others to fulfill your

vision and also how to not piss off the

wrong people because let me tell you

something friends are far more useful

than enemies and that's why how to Win

Friends and Influence People is perhaps

the best book I've read when it comes to

understanding human nature that book

when the 48 Laws of Power are your

complete guide to Human Relationships

the 48 Laws of Power teaches you laws of

human nature it's actually rooted in

history now I also want to give you a

disclaimer and say that the 48 Laws of

Power can also be used for evil so make

sure you use it wisely now once you've

nailed down your marketing your product

and your relationships there's one

Central Point that remains you need to

be able to build a bulletproof business

and that means you need to understand

the ins and outs of business so when

you're trying to get from ten thousand

dollars per month you can be a bit rough

around the edges but that does not fly

when you want to play in the big leagues

now sure you could go out and spend a

quarter million dollars on an MBA or you

could just read the personal MBA because

this book distills everything you need

to know about business and really 99 of

the things you'd learn from doing an MBA

in the first place this book talks about

everything from operations management

and finance to leadership and accounting

and I can promise you that if you read

just this book you'll know more than

most business owners now next let's talk

about going from a hundred thousand

dollars a month to a million dollars a

month now something interesting happens

when you go from 100K to a million

dollars a month you see up until 100K

per month you focus on building skills

you want to learn the nitty-gritty that

allows you to excel essentially there's

a one-to-one relationship between your

skills and your income but that changes

drastically when you want to get 10

million dollars per month now the

knowledge you begin to seek is far more

esoteric instead of looking to improve

your sales you're trying to understand

the bigger picture that you operate in

in simply where you start to look beyond

your business and that's when things get

really exciting and at a hundred

thousand dollars a month is also when

investing becomes crucial in your wealth

accumulation now of course you should

have good investing habits from day one

but at a hundred thousand dollars a

month and above is where things get

serious and that is precisely why you

need to read books like the intelligent

investor to really move the needle when

it comes to making you more money and

this is not just some get rich quick

scheme this is a tried and tested method

since 1949. the book outlines everything

you need to know about value investing

which is really the only way you should

be investing to protect and multiply

your wealth with minimal risk now later

in the video we're going to talk a

little bit about JP Morgan but there's

one quote in particular that stands out

from him you see JP Morgan famously once

said that whilst millionaires don't use

astrology billionaires do in the next

book reality Tran surfing is less about

astrology but it is about using the

world to your advantage reality Tran

surfing posts a theory that you can

manage your reality with Tran surfing

you can make your goal rules happen now

of course take this with a grain of salt

but there is no doubt that there is much

more to reality than meets the eye and

equally it is clear that some people

just seem to be able to bend reality to

their will and all I'm gonna say to that

point is that I know a lot of people

look at me

with that same thought they look at me

and they go how have you done all of

this how have you accomplished all this

how have you been able to bend reality

to exactly what you wanted and all I'm

going to say to that is I read reality

Tran surfing when I was 14 years old for

the first time since then I must have

reread it over a dozen times I'm not

going to say anything more make of that

who you will now as important as it is

to master your own reality you also need

to understand everyone else's because

how people act ultimately shapes the

economy and that's what the book

misbehaving is all about it's an

introduction to behavioral economics

behavioral economics is one of those

areas that simply doesn't matter when

you just want to get to ten thousand

dollars a month but it matters a whole

lot when you want to get to a hundred

thousand dollars and especially a

million dollars a month or more the book

explains how investors can use

behavioral economics to their advantage

and this is yet another great example of

how one simple book can make you now

let's go from a million dollars a month

to 10 million dollars a month and

further and this is where things get

very very interesting here's where

things begin to really shift to get to a

million dollars a month and above you

need to analyze the world around you and

you need to understand how things work

but in order to get to 10 million

dollars a month onwards you need to

start analyzing history in order to

understand the future and it's at this

level you need to get into the most

esoteric books books that I've been

talking about for years on my YouTube

books like the creature of Jekyll Island

this book unveils The Secrets of the

money magicians of the Federal Reserve

because it's only once you begin to

understand how money actually works that

you can start to really get wealthy and

I know that when I read this book it

completely opened my eyes to the real

world a world which most people are

blind to but once you understand the

Federal Reserve you also need to

understand how the banking system works

and once you understand the fed and the

banking system you can truly begin to

realize your ultimate potential and

that's why these books are so important

in making you rich and that's why the

next book I want to talk about which is

the house of Morgan it's actually a

biography of the entire Morgan family

and how they created the modern day

banking system I have said this time and

time again but history is doomed to

repeat itself and the only way to truly

be able to understand the future is by

studying the past and once you have a

firm grasp on the past you can even

begin to start predicting the future you

see history repeats itself and you can

actually use that to your advantage go

ahead and think about all the different

bubbles in history everything from the

gold rush in the 1850s to the rise of

Bitcoin I mean what if you'd bought

Bitcoin in 2010 well if these cycles of

boom and bust have happened all

throughout history well then they're

bound to happen again the key is that

you need to be able to spot the trend

before everyone else and that is exactly

what devil take the hindmost teaches you

this book will walk you through the

major cycles of boom and bust in recent

history and that means that after

reading this you're going to be able to

identify these Trends and that my friend

is how you can multiply your wealth

tenfold equally it's also how you can

protect your wealth so that's why it's

so important to understand the past in

order to understand or even predict the

future you see in some sense getting

rich is all about doing the right thing

in the right order at the right time I

mean just think about it you could have

had the best idea for a tech startup

after the.com bubble but you would have

never gotten funding and vice versa so

that's why it's important to be able to

spot the trends as they emerge so ladies

and gentlemen those are the 17 books

that will help you make your first ten

thousand dollar a month all the way up

to your first 10 million dollar a month

those are the best books I I have used

in that time period if you want to make

more than 10 million dollars a month I

can't help you with that because I've

never done that but these books read at

the right time in that order have helped

me the most and I can tell you the books

that I read to start making more than a

million dollars a month I still read

some of those books when I was dead

broke it was interesting but I don't

feel like it helped me at the right time

and that's why I think it's so important

that you read these books I mean you can

read them for entertainment even if they

don't apply to your current situation

but just understand when you read these

books at the right time when you're

facing the problems that these books

will teach you about that's when it's

the most powerful a lot of these books I

reread when I applied more to me and my

life situation at that period of time

and it was always so mind-blowing

because I would read the book and I'm

like but I've read this before but why

is it that this time I find it so

incredible like why has this been so

powerful this time and of course it was

because it directly reflected what I was

going through at that point in my wealth

creation phase so ladies and gentlemen I

really hope enjoyed this video I stayed

at a very very late compiling all these

books and just going through all of my

physical books all of my Kindle books

everything to really bring you this

specific list so I hope it was a value

to you and as always I'll be watching

you from afar and I'm rooting for you