Read These Books To Get Rich
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TLDR
Codie Sanchez, having read 200 books on making money, shares a concise list of impactful titles that transformed her financial life. She recommends books that provide unbiased economic insights, highlight the importance of a growth mindset, and reveal a billionaire investor's playbook. Practical guides for starting businesses with minimal capital are also suggested, alongside her own book, "Main Street Millionaire," which advocates for buying already successful businesses. Finally, "The 48 Laws of Power" is included for its frank discussion of power dynamics crucial to accumulating wealth.
Summary
Codie Sanchez begins by sharing her extensive experience in financial literature, having read 200 books on making money. She reveals that a significant portion—50%—were deemed useless, and another 25% were even misleading or wrong. Out of this vast collection, only eight books genuinely altered her financial trajectory, and she proceeds to highlight a selection of these most impactful recommendations for anyone aspiring to build wealth.
Her top recommendations commence with "Economic Facts and Fallacies" by Thomas Sowell, which Sanchez praises as the ultimate source for understanding the economy without political bias. Next, she strongly advises reading "Mindset" by Carol Dweck, stressing the critical role of cultivating a growth mindset when hiring, marrying, or working with others. Ray Dalio's "Principles" is presented as a unique opportunity to access a billionaire investor's playbook, offering rare insights into financial strategies typically kept private. For those looking to launch a venture, "$100 Startup" is recommended as an essential guide for initiating a business without requiring substantial capital.
Sanchez then introduces her own contribution, "Main Street Millionaire," explaining that many individuals mistakenly pursue wealth in the wrong avenues. Her book outlines the authentic path wealthy people actually follow, advocating for acquiring existing, already successful businesses rather than risking everything on startups with low odds of success. The final book on her list is "The 48 Laws of Power" by Robert Greene, which she describes as revealing all the unspoken truths about power and, by extension, money that every individual should be privy to. She concludes with a direct encouragement for viewers to utilize these literary tools and go forth to make money.