Post By Jennifer Drean, Deliberate Directions Success Strategist
Many of our new clients will inevitably struggle with a lack or scarcity mindset, particularly around money. Allowing this mindset to go unchecked can be a huge block to our success. In order to grow personally, professionally, and our businesses, it’s crucial to create an abundance and wealth mindset. In fact, it’s so important, it is at the heart of our mission here at Deliberate Directions!
There are lots of books on the market about financial literacy and even money mindset. However, many of those books tend to be much more advanced than where most people start their journey towards creating a wealth mindset. So we’ve compiled a list of our coaches’ six favorite wealth mindset books geared specifically towards beginners.
Get Rich, Lucky Bitch!: Release Your Money Blocks and Live a First-Class Life by Denise Duffield-Thomas
This book is definitely written for women but don’t let that deter you, it has some amazing concepts that anyone can use. Denise focuses on how to use the Law of Attraction to create the wealth you desire, become financially independent, and live your best life. She provides a simple structure for creating an abundance mindset that can be used to attract anything into your life that you desire, not just money. Besides her entertaining writing style, this book is great for beginners because it doesn’t get over complicated with financial jargon. It’s an easy to read book which will help you get what you desire and be unapologetic for wanting it.
“You have to decide NOW that you are enough. You are smart enough, pretty enough, clever enough, ready enough. You can be richer starting today, if you’re brave enough to define exactly what you want.”
You Are A Badass At Making Money by Jen Sincero
Jen Sincero employs her humorous writing style to help you uncover your limiting beliefs surrounding money, wealth, and abundance. She helps you understand that the only thing holding you back from achieving financial success is the negative mindset and energy orbiting around you in regards to money. In this book she guides you through your current relationship with money, breaking free of your money making fears, creating great energy around money, and creating and focusing on your money goals instead of your money doubts.
“What you focus on you create more of, so if the plan is to get rich, you’re gonna want to focus on abundance as much as possible. Give as much as you can as often as you can, receive with gratitude and joy, think of money as your pal, raise your frequency and get in the flow, yo.”
Rich Dad, Poor Dad by Robert T. Kiyosaki
Based on Robert Kiyosaki’s personal financial learnings, this book discusses that becoming wealthy doesn’t require earning more money through work. Rather, people become wealthy by making their money work for them. He indicates that making more money doesn’t matter, keeping it is what makes us wealthy. This book dives deep into helping you understand the difference between assets and liabilities. Then takes it a step further by guiding us to accept that our mind is our greatest asset, and expanding our financial aptitude will assist us in leveraging our money most efficiently, resulting in financial success.
“The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.”
The Millionaire Next Door by Thomas J. Stanley & William D. Danko
A fantastic book for the average person wanting to be a millionaire. The authors of this book extensively researched those characteristics shared by millionaires. They learned that most people who appear affluent actually tend to underaccumulate wealth to spend it on luxurious lifestyles. The indicate that becoming a millionaire is actually quite simple and even your average next door neighbor could be a millionaire that you don’t know about. They claim that if you follow some foundational rules, become an millionaire is something anyone can achieve. These basic rules include: planning well, living below your means, saving from the moment you start earning, and avoiding common money mishaps.
“One of the reasons that millionaires are economically successful is that they think differently.”
The Richest Man in Babylon by George S. Clason
This a very short and easy read, great for anyone embarking on their journey to wealth. George S. Clason describes laws of money as the equivalent of laws of gravity and that if you understand and follow these laws, anyone can become wealthy. He uses a story telling format to discuss the seven simple rules of wealth, including: always pay yourself first by saving at least 10%, live below your means by following a budget, invest wisely, avoid get rich quick schemes, buy don’t rent your home, carry a life insurance policy, and expand your skillset and knowledge to increase your earning potential.
“The reason why we have never found measure of wealth. We never sought it.”
Think and Grow Rich by Napoleon Hill
This is an oldie but a goodie so don’t let the publication date prevent you from using this book to expand your wealth and success mindset. Napoleon Hill dives deep into using our thoughts to create our reality. So to create wealth, we must first think wealthy thoughts. His simple plan to success involves visualization, affirmations, leveraging the collective wisdom of a mastermind group, setting goals, making and working a plan to achieve the goals.
“There is a difference between WISHING for a thing and being READY to receive it. No one is ready for a thing, until he believes he can acquire it. The state of mind must be BELIEF, not mere hope or wish. Open-mindedness is essential for belief.”
This is by no means an exhaustive list of the many books on the subject of creating a wealth mindset. These are, however, our go to books for those just beginning to dive into this topic. It’s always great to read and gain knowledge, but don’t forget that the most important part is to take action.
I encourage you to not just read a book, but pick one concept from that book to implement right away. What will you do? Some ideas based on these books would be to start journaling about your limiting beliefs around money, start saving 10% of your income, or join a Board of Advisors.