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- 1. How To Grow A Multi-Million Dollar Property Portfolio – In your Spare Time – Michael Yardney
- 2. Rich Dad Poor Dad: What The Rich Teach Their Kids About Money – That The Poor And Middle Class Do Not! by Robert T. Kiyosaki
- 3. Rich Habits, Poor Habits – Tom Corley and Michael Yardney
- 4. Michael Yardney’s Rules of Property
- 5. Negotiate Influence Persuade
- 6 . Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth – T Harv Eker
- 7. Michael Yardney’s Guide to Getting Rich
- 8. The Richest Man in Babylon by George Clason
- How many of these books do you have in your success library?
There are a lot of books out there full of investment advice.
The problem is some books are good, some are of outdated, many give advice that doesn’t work for property investment in Australia, and some give downright bad advice.
So today I’d like to share 7 books that have helped me in my journey, starting out as a novice investor to become one of the directors of Metropole – Australia’s most trusted firm of property strategists.
I have been lucky to have been mentored by Michael Yardney, Australia’s leading expert in wealth creation through property so don’t be surprised if his books feature highly in this list.
And yes, I’m now his business partner, and some may say I’m biased, but as I compiled this list of “must-read” books of real estate investing there was no way his books couldn’t make it on this list.
So whether you a beginner or an already experienced property investor, these books are a great way to learn.
Let’s get to it…
1. How To Grow A Multi-Million Dollar Property Portfolio – In your Spare Time – Michael Yardney
There is now a new fully updated 14th Anniversary edition of this book which has become a property investment classic and is on the bookshelf of almost every successful Australian property investor.
It has been written for both beginning and experienced investors and the results have been proven by tens of thousands of Australians who have used the strategies laid out in earlier editions to grow their own Multi-Million-Dollar Property Portfolios.
Since its first publication in March 2006 How to Grow A Multi-Million Dollar Property Portfolio- in your spare time has become an Australian investment classic and #1 bestseller.
But times have changed, and strategic property investors will adapt, so this 14th anniversary has been fully updated taking into account the current economic and financial climate, and is a must-read for all Australians keen to develop financial independence through property investment.
Sadly, despite there being just over two million property investors in Australia, 92% never get past their second property since they don’t use a proven system. This book lays out the time-proven system used by strategic investors who’ve succeeded.
It is a plain English guide from an “Insider” with powerful new updated strategies that could make you seriously rich.
Put simply…you’ll be shown How to Grow a Multi-Million Dollar Property Portfolio – in your spare time.
Now boasting a number of new chapters, many updated sections, and up-to-date statistics mean that the latest edition of this property investment classic book will be a valuable resource for both beginner and experienced property investors for the foreseeable future.
2. Rich Dad Poor Dad: What The Rich Teach Their Kids About Money – That The Poor And Middle Class Do Not! by Robert T. Kiyosaki
While this is not really a property book, and although it first published more than 20 years ago, its insights stand the test of time.
Kiyosaki also offers personal finance advice and breaks down money misconceptions across a broad spectrum.
Robert’s story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing.
The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
However, be careful – some of Kiyosaki’s property strategies don’t translate well to Australia where the rules are different to the USA, because in Australia investing for capital growth is the way to go.
3. Rich Habits, Poor Habits – Tom Corley and Michael Yardney
Rich people think a certain way and poor people think a completely different way, and those ways of thinking determine their actions and therefore determine their results.
Then all you have to do is copy how rich people think.
Just study the Rich and copy their Rich Habits is the advice of the two authors Tom Corley and Michael Yardney
They explain that we are where we are because of the things we do day in, day out.
Our old ways of thinking, our old habits brought us exactly to where we are and if we want something to be different in our lives, we need to do something different.
This book debunks the myths and “common wisdom” about how to get rich.
Read it to unlock the secrets to success and failure, based on Tom Corley’s five years’ study of the daily activities of 233 rich people and 128 poor people as the authors expose the immense difference between the habits of the rich and the poor.
Since the release of Rich Habits Poor Habits in 2016, Michael Yardney and Tom Corley have gone on to share the mindset secrets of the rich and successful to new and bigger audiences and this book has become an international bestseller and is being translated into 5 foreign languages.
Fortunes will be made as Australia’s property markets move into the next cycle and the divide between the rich and the average Australian is only going to widen.
Yet Australia is the land of opportunity and becoming wealthy does not have to be a dream.
So how do the wealthy get rich?
It’s not luck and it’s not that they had a better education or rich parents.
According to the author, Michael Yardney, for many, it’s because they know The Rules of Property.
And that’s what he lays out in this book.
This book is much more than a book about how to negotiate real estate deals, even though there are a number of chapters correctly discussing this.
While plenty of books teach sales and negotiation techniques, this one explains the fundamentals and the psychology behind why these techniques work and how to use them most effectively. It’s more than just a book about negotiation.
It’s about persuasion and influence, and more importantly, how to wield those two important traits to meet your goals.
It will change how readers will do business, how they will interact with their family and friends, and hopefully give them a greater understanding of why people behave and are motivated to act, the way they do.
Read this book and learn how to get other people to want to do what you want them to do because of your ability to interact, communicate, negotiate, influence, and persuade.
In every transaction there is a buyer and a seller: they either buy what you’re saying, or you buy what they’re saying.
But this book is not just for salespeople, it’s also for you as a consumer because we all negotiate every day of our lives.
Not just in business but in day-to-day life with your spouse, your children, your work colleagues, your customers, or your clients.
6 . Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth – T Harv Eker
In this book, T. Harv Eker, the author, teaches us that if your subconscious “financial blueprint” is not set for success, nothing you learn, nothing you know, and nothing you do will make much of a difference.
Eker explains: “Eventually, I became aware of how my own thoughts were holding me back from wealth.”
He learned that it is not about the tools alone, it is mainly about the toolbox.
The tools are all the knowledge and information you’ve got, and the toolbox is your mind, your way of thinking.
He found out that when he combined the inner game (the toolbox) with the outer game (the tools), everybody can succeed at the game of money.
His lesson is simple: If you want to move to a higher level of life, you have to be willing to let go of some of your old ways of thinking and adopt new ones.
Have you ever wondered:
- Why the rich keep getting richer and how you could join the ranks of the rich
- Why the gap between the rich and the average person keeps getting wider
- Why some people work less and earn more, while others seem to be on a treadmill
- What the rich think, know and do that makes them rich
- How to maximize your success with money, your finances, and your future.
In this book, author Michael Yardney explains exactly how the wealthy get rich.
He explains it’s not luck and it’s not that they had a better formal education or rich parents.
For many, it’s because they had a special “money education” and have learned the right way of thinking and they display “Rich Habits” every day.
I really recommend you read this top-selling book but ….It is a book written for people who…
WARNING! There are no get-rich schemes discussed in this book — only proven strategies to fast-track your financial success.
However, this could be your plan for how to get from where you are to where you want to be.
8. The Richest Man in Babylon by George Clason
This timeless classic gives common-sense financial advice which you can apply today, told through tales and parables from the times of ancient Babylon.
Originally published in 1926, the advice in this book is still as sound as it was almost a century ago.
The Babylonians discovered many of the basic principles behind wealth, such as saving a small part of your income each month, investing it wisely, learning how to lend money instead of borrowing it and how to protect your wealth.
How many of these books do you have in your success library?
Which other books would you recommend I add to this list?
Please leave your comments below.
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