Knowledge is the key to success in almost every profession, and real estate investing is no exception. Even though many real estate investors prefer to learn how to invest from their older colleagues, there are lots of books that are more than useful for a real estate investor who wants to develop and expand his business. Of course, it’s important to be aware of the current market situation and trends, but a solid foundation of knowledge and theory is crucial for making important decisions. In real estate investing, it’s crucial to realize what you want to achieve. This is done much more easily with a decent bulk of information. Here’s a list of several interesting books that provide fascinating and valuable information for real estate investors.
Hill’s Think and Grow Rich is a must for everyone who wants to become a winner. This motivational and personal development classic explains the philosophy that helps people to succeed in all spheres of their lives. Think and Grow Rich was first published in 1937 during the Great Depression, and after more than 70 years, it remains one of the top ten bestsellers. Think and Grow Rich explains the principles of his theory of success on the careers of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation. It’s based on Hill’s earlier book, The Law of Success, which is the result of more than twenty years long research based on lives of many successful people who achieved great fortune during their careers. Hill established 16 laws of success that can be applied to anybody who wants to become a winner. Think and Grow Rich explains and summarizes the philosophy behind the fundamental principles of success.
There’s quite a lot of books that people say will change your life; however, this time-proven masterpiece is one of few that will probably do so. It’s important to understand that the way you think determines what you’ll become, and Think and Grow Rich teaches you how successful people think.
Kiyosaki’s Rich Dad, Poor Dad is one of the most controversial financial advice books ever. It promotes the concept of financial independence through investing, real estate, owning businesses, and the use of finance protection tactics. It’s based on Kiyosaki’s life and written from his own perspective, describing two people who influenced Kiyosaki in his childhood: his own father, the symbolic “poor dad” who worked at a steady job to earn his living, and the father of his friend, the “rich dad” who ran a multitude of businesses.
Kiyosaki stresses the importance and value of financial intelligence and redefines the term “asset.” Most people consider an asset to be something that has value, but Kiyosaki says that an asset is something that generates income, while a liability is anything that has costs. This means that assets are forms of passive income that you control, such as a rental property or intellectual property. He suggests that wealth is measured as the number of days the income from your assets will sustain you, and that you are financially independent when your monthly income from assets exceeds your monthly expenses.
The basic idea of Rich Dad, Poor Dad is that you should try hard to save money and draw together as many assets as possible that can eventually replace the income you earn from your job. Kiyosaki points out that to be wealthy, you should try to own the means of production rather than work for another person. Overall, Rich Dad, Poor Dad is a well written guideline for people seeking financial success.
Gary Keller, author of The Millionaire Real Estate Investor, is an experienced real estate investor who has been in the business for more than 25 years. His bestseller is a result of thorough research that consists of the interviews, insights, and opinions of more than 120 millionaire real estate investors. His book is not just another get-rich quick program that promises you money without any real effort. The Millionaire Real Estate Investor analyzes and explains a lifelong approach to investing in real estate. This book creates a cohesive and detailed picture of real estate investing strategies. Keller examines important features of becoming wealthy, such as budgeting personal expenses, living within your means, and tracking your net worth. Furthermore, The Millionaire Real Estate Investor studies the stories of 21 successful real estate investors and focuses on the common features of their achievements.
This collection of knowledge, experience, and opinions of successful real estate investors is written in a very easy-to-read style that immediately captures the reader’s attention. Keller’s book is the perfect motivator for those who are just beginning to work in real estate investing. It leads the reader to seek answers to basic question such as what the importance of real estate is or why it’s necessary to seek financial freedom. Eventually, the reader develops the ability to critically asses individual aspects of real estate investing and his or her own career. The book contains a lot of practical information as well as many theoretical problems. Keller’s The Millionaire Real Estate Investor is a very good read that provides a lot of practical information that should every starting real estate investor be aware of.
Wattles’ The Science of Getting Rich is the result of many years of analyzing and examining the principles of success based on the works of the world’s great philosophers. This book describes how to achieve a life of prosperity. As Wattles writes, “There is a thinking stuff from which all things are made– A thought, in this substance, produces the thing that is imaged by the thought.” In 17 short chapters, Wattles explains how to deal with mental barriers and how creation, not competition, is the key to wealth attraction. After more than 100 years, Wattles’ book remains one of the best-selling and most influential motivational books. It was Rhonda Byrne’s main inspiration for her popular 2006 film The Secret.
This book is a very handy guide for those who want to become economically successful. The Science of Getting Rich reveals the exact science of getting rich, which doesn’t include competition or cheating but promotes and encourages cooperation. It has been included in personal development scholar Tom Butler-Bowdon’s list of “50 Success Classics” in his 2004 book of the same name.
Frank Gallinelli does a great job explaining how the application of financial calculations increases the possibility of making a favourable property buying decision. The author describes the basic concepts of particular mathematical operations and their relation to the assessment of cash flow and other measurements crucial to success in real estate investment. Gallinelli provides many handy tips for supplementary resources that will teach you how to work more efficiently.
One of the main ideas of What Every Real Estate Investor Needs to Know About Cash Flow is that favourable real estate investments provide four important benefits to property owners: cash flow, appreciation, loan amortization, and tax shelter. This book provides a deep analysis of cash flow and a number of other crucial real estate concepts for the property investor. It’s interesting that a book filled with numbers and formulas can be written in such an exciting way. It’s a useful kit for both beginners and real estate investment veterans.
Awaken the Giant Within is a motivational classic written by Anthony Robbins, who is considered to be one of the top 50 business intellectuals in the world. This book examines the most effective strategies and techniques for controlling your emotions, your body, your relationships, your finances, and your life. It deals with a wide range of issues, from goal-setting to neuro-linguistic programming, personal finance, and relationships. Awaken the Giant Within is a step-by-step guide that demonstrates the basic principles of self-mastery that will enable you to understand your life and purpose and shape your destiny.
Robbins writes in a very exciting and interesting way, and Awaken the Giant Within is not an exception. This simple yet very powerful book will have you thinking about your life from a different perspective. According to Robbins, we should maximize the pleasure and minimize the pain in our life, and this book is a good way to start.
Malcolm Gladwell, a successful journalist, analyzes the elements that contribute to achieving success. He takes us on an exciting journey through the world of the most successful. On this journey, he analyzes the reasons why the majority of Canadian hockey players are born in the first months of the year, how Bill Gates achieved his extreme fortune, how The Beatles became one of the most popular bands in human history, how cultural differences play an important role in perceived intelligence and rational decision making, and much more. Gladwell explains that we focus too much on what successful people are like and pay too little attention to their culture, family, generation, and idiosyncratic experiences of their upbringing.
In this brilliant book, Gladwell reveals the secrets behind successful carriers of many well known people. Gladwell is a very talented writer who has the great gift of making a complex problem seem simple and finding common sense in the seemingly convoluted details of the issue.