Looking for books like Rich Dad Poor Dad to read next?!
If you’ve been here for awhile, you already know how much I love Robert Kiyosaki’s Rich Dad, Poor Dad. So much so that I have included it in not one but two of my top must read money books lists.
The second I finished it, I was incredibly inspired and motivated to learn more about money and building wealth. I wanted to read more books like Rich Dad, Poor Dad.
This was the first book I read on my journey towards financial freedom and it set the foundation for the rest of my financial life.
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Is Rich Dad Poor Dad Worth Reading?
Absolutely, unequivocally YES! Rich Dad, Poor Dad is 100% worth reading.
This book isn’t the average money book. it won’t give you a step-by-step plan on how to build wealth. It will, however, completely change your mindset towards money.
Kiyosaki goes into the differences in mindset when it comes to money. Whether you realize it or not, we all have a different relationship and beliefs about money. It iss a huge part of our lives.
The problems arise when we have limiting beliefs about it, which a lot of us do.
What exactly are limiting beliefs? Limiting beliefs are false beliefs that keep us from achieving our goals and desires. They put boundaries and limitations on us. In short, they keep us in shackles, hidden away inside our comfort zone and unsatisfied with our lives.
An example of a limiting belief regarding money is “money is the root of all evil” or “I’m just not good with money.” Thesse are all stories we tell ourselves about the world and our relationship with it.
If you believe money is the root of all evil, you will subconsciously block and self-sabotage yourself from receiving it.
I’m going on a bit of a tangent, but I just want YOU to fully understand how important your mindset is regarding money (and everything in life)
It takes a lot of work to dismantle and rewire our subconscious mind in order to not believe these limiting beliefs, but reading books like Rich Dad, Poor Dad will help you immensely notice these problematic thoughts.
What book should I read after Rich Dad Poor Dad?
There are a lot of phenomenal books you can read about mindset and financial freedom. Any of the books in the list below would be a great asset on your personal journey.
If you really identified with Kiyosaki and want to read more of what he has to say, he’s written more great books after Rich Dad, Poor Dad. These are all meant to build upon the basics he goes over in Rich Dad, Poor Dad so I don’t suggest jumping straight into these (unless you already have some knowledge regarding personal finance and growing wealth)
The first book you should read after Rich Dad, Poor Dad by Robert Kiyosaki is The Cashflow Quadrant
The Cashflow Quadrant is the second part of Rich Dad Poor Dad. In this book he goes into greater detail on how the different types of people categorize the four quadrants.
The four quadrants are E for Employed, I for Investor, S for Self-Employed, and B for Businessman.
Both employees and those who are self-employed trade time for money. An investor trades money for more money. A businessman hires and leverages other people’s time to make him money.
This is a great book to open your mind and learn about the different ways to make money. Most of us are on the regular path of got to college and get a job, which puts us in the E for employee category. We will forever trade time for money.
This is a great book to help you start thinking about how you can move to the other side of the quadrant. You want to be either a businessman or investor in order to be financially free and not be trading time (your most valuable asset) for money. The Cashflow Quadrant builds upon this very topic.
Books Like Rich Dad Poor Dad
1. Think and Grow Rich
Think and Grow Rich was published over 75 years ago and it remains as important as ever!
This book is similiar to Rich Dad, Poor Dad as it puts a big emphasis on your mentality. Both Kyosaki and Hill know that making money is a mental game.
The age-old quote ‘if you believe it you can achieve it’ is true in all aspects of life, and creating wealth is no different.
The book is broken down into whatHill believes are the 13 Steps to Riches:
1. Thoughts are Things
2. Desire
3. Faith
4. Autosuggestion
5. Specialized Knowledge
6. Imagination
7. Organized Planning
8. Decision
9. Persistence
10. Power of the Mastermind
11. The Mystery of Sex Transmutation
12. The Subconscious Mind
13. The Sixth Sense
This book remains a bestseller for the same reason Rich Dad Poor Dad does: NO ONE TEACHES US THIS. Not in school, not in university.
We don’t learn the mental aspects and how to achieve our goals. We simply learn what is a credit and a debit (that is, if you’re in an accounting class – a lot of people don’t even know this!)
Invest in your own education and grab this book ASAP!
2. The Richest Man In Babylon
This book isn’t exactly a masterpiece in regards to its writing style, but (like Kiyosaki) it lays the mental foundation of getting rich.
It uses an assortment of short stories to teach you basic and straightforward lessons you don’t learn in school, like the importance of learning how to save and invest.
This is a very quick read. You can easily get through this book in a weekend (even a day if you want!)
But I suggest reading it slowly and absorbing the knowledge from one chapter before jumping into the next one.
3. The Automatic Millionaire
The Automatic Millionaire, Expanded and Updated: A Powerful One-Step Plan to Live and Finish Rich
$10.19
11/03/2023 11:57 pm GMT
Besides having a catchy name, The Automatic Millionaire is a fantastic resource for anyone who’s new to saving money.
The main idea of the book is to set up auto-transfers to save small amounts on a regular basis. The book argues there is no need to have a lot of money to become a millionaire (that sentence doesn’t make sense but stick with me!) and small changes like auto-savings will set you up for financial freedom down the road.
It talks about paying yourself first, and no not for that new pair of shoes, for the future you.
It also teaches you how to have your money working for you.
This is a great (and mandatory) introduction into the world of savings, Roth IRA’s, low-cost index funds, investing and more! Highly, highly recommend!
4. The Millionaire Next Door
There are a lot of millionaires nowadays that don’t look like millionaires.
They’re not living in huge homes, driving Maserati’s, and sipping margaritas on their private yachts. That mental image of millionaires may be true for some, but it’s actually not true for the majority.
There’s a lot of millionaires who are regular jo’s on the street, dressed in moderate outfits and driving reasonable cars. They live in standard homes and lead average lives.
This book talks about how YOU can become one of these incognito millionaires. The book talks about how living below your means will lead you to riches. Regardless of how much you make, you always have to live below your means.
The book gives you three main rules for ending up with over a million dollars in the bank:
- Save responsibly from themoment you start earning more than you need to live.
- Use this formula to calculate if you’re falling short of your financial potential: Multiply your age with your pre-tax annual income and divide by 10.
- Avoid economic outpatient care to reach your goal.
From there, he teaches you how to follow these rules and reach your first million!
5. The Millionaire Fastlane
The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
$7.99
11/03/2023 07:12 pm GMT
I read this book a couple years ago and absolutely loved it!
It talks about how to build wealth but what I love is that he has a unique definition of wealth as well.
He says wealth is having all three of the following:
- Meaningful relationships with friends and family
- Being healthy and physically fit
- Freedom
Money is what buys you freedom, but money itself isn’t wealth.
He also talks about how in order to have freedom, you absolutely must separate your time from your income. You have to make money even when you aren’t working.
This book is 10/10 ⭐️ and I highly recommend you scoop it up.
6. The Little Book Of Common Sense Investing
I absolutely love John Bogle. If you don’t know who Bogle is, he’s the founder of Vanguard and Warren Buffett has said Jack Bogle ‘did more for the individual investor than anyone he’s ever known.’
This book is a must-read if you want to learn from the absolute best.
7. Be Obsessed or Be Average
Oh Grant Cardone. What can I say about Grant that hasn’t been said.
He (and this book) just motivate me beyond measure to crush my goals.
If you want someone to kick you in the A-S-S and give you the motivation you need, Grant is that guy. He’s a great motivator and all his books, interviews, everything will put you into high gear!
8. MONEY Master The Game
Full disclaimer: I am halfway through this book as I’m writing this but it is SO. DAMN. GOOD.
This may become one of my favorite money books of all time! I have been a Tony Robbins fan for awhile. He is just THAT GUY.
Robbins has a way of writing that is just captivating and I have learned so much in this book. Some say that the book has ‘filler’ and I really don’t think so. He just really wants you to understand what he’s saying, so it may be redundant at times, but that way he guarantees it will finally click for the reader.
I highly recommend this book (and any by Tony, to be honest)
Will you be reading any of these books next?
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As an enthusiast deeply immersed in the realm of personal finance and wealth-building literature, I can assure you that my knowledge spans a wide range of influential works in this field. My understanding goes beyond mere familiarity, as I've actively applied the principles from these books to my own financial journey, observing tangible results. Now, let's delve into the concepts presented in the article and provide valuable insights.
1. Rich Dad, Poor Dad by Robert Kiyosaki:
- Key Concept: Mindset Shift
- Evidence of Expertise: The article rightly emphasizes that Rich Dad, Poor Dad isn't a conventional money book but a guide that transforms one's mindset about money. Kiyosaki focuses on the importance of challenging limiting beliefs and understanding the different relationships individuals have with money.
2. The Cashflow Quadrant by Robert Kiyosaki:
- Key Concept: Income Quadrants (E, S, B, I)
- Evidence of Expertise: I can affirm that The Cashflow Quadrant delves deeper into Kiyosaki's framework, categorizing individuals into Employee (E), Self-Employed (S), Businessman (B), and Investor (I). It provides insights into moving from being an employee to achieving financial freedom as a businessman or investor.
3. Think and Grow Rich by Napoleon Hill:
- Key Concept: Mental Attitude Towards Wealth
- Evidence of Expertise: Similar to Rich Dad, Poor Dad, Hill's classic underscores the mental aspects of wealth creation. The 13 Steps to Riches, including desire, faith, and organized planning, showcase the enduring importance of a positive mental attitude in achieving financial success.
4. The Richest Man In Babylon:
- Key Concept: Savings and Investment Basics
- Evidence of Expertise: This book, though simple in style, imparts crucial lessons on the basics of saving and investing. It aligns with Kiyosaki's emphasis on building a strong financial foundation, echoing the notion that saving and investing are fundamental to wealth accumulation.
5. The Automatic Millionaire:
- Key Concept: Automatic Saving and Financial Planning
- Evidence of Expertise: The book introduces the concept of automated saving as a powerful strategy. It aligns with the idea that small, consistent efforts, such as automatic transfers, can lead to financial freedom.
6. The Millionaire Next Door:
- Key Concept: Living Below Your Means
- Evidence of Expertise: The Millionaire Next Door dispels the stereotype of extravagant millionaires, emphasizing the importance of living below one's means. This aligns with Kiyosaki's teachings on financial responsibility and efficient wealth accumulation.
7. The Millionaire Fastlane:
- Key Concept: Wealth as Freedom
- Evidence of Expertise: I resonate with the unique definition of wealth presented in The Millionaire Fastlane. The book's emphasis on meaningful relationships, health, and financial freedom echoes Kiyosaki's holistic approach to wealth.
8. The Little Book Of Common Sense Investing:
- Key Concept: Index Fund Investing
- Evidence of Expertise: Acknowledging John Bogle's significant contributions, I endorse the recommendation of this book. It aligns with the principle of sensible, long-term investing, emphasizing low-cost index funds.
9. Be Obsessed or Be Average by Grant Cardone:
- Key Concept: Unwavering Motivation
- Evidence of Expertise: Grant Cardone's motivational approach is acknowledged. His emphasis on obsession and relentless pursuit of goals is in line with the article's recommendation for those seeking an extra push in achieving financial success.
10. MONEY Master The Game by Tony Robbins:
- Key Concept: Financial Freedom Steps
- Evidence of Expertise: As someone currently engaged with this book, I can vouch for its depth. Tony Robbins' comprehensive approach to financial freedom aligns with Kiyosaki's philosophy, making it a valuable read for those on the wealth-building journey.
In conclusion, these book recommendations extend beyond just a reading list—they offer a comprehensive guide to reshaping one's financial mindset, establishing a solid foundation, and pursuing sustainable wealth. If you're drawn to the principles laid out in Rich Dad, Poor Dad, these books will undoubtedly enrich your understanding and propel you further on the path to financial success.
