When it comes to books on business, marketing and management, entrepreneurs are overrun with choices. But when it comes to books on money, entrepreneurs are underserved. It’s not that money books don’t exist, it’s that they rarely look at money through the eyes of an entrepreneur. So here are 5 money books I believe every entrepreneur will benefit from reading:
Robert Kiyosaki talks money books for entrepreneurs with Garrett Gunderson
#5 The Richest Man In Babylon by George S. Clason
The Richest Man in Babylon is a series of parables set in ancient Babylon — each with its own lesson about building wealth. One of the most enduring wealth lessons from this book is to “pay yourself first.” If you’ve ever been told to immediately divert part of your paycheck into a savings account before you have a chance to spend it elsewhere, even on bills, then you have this book to thank.
I’ve made it a point to pay myself first no matter the circumstances. For example, in hard times when every extra penny went to sustaining my business, I still found a way to stick 15% of my income into our personal savings account every single month. Even when that meant scrounging around the house for old complimentary hotel soaps and shampoos.
Read the stories of millennial entrepreneurs who ditched the typical career path for more fulfilling, impassioned work.
#4 Keys To The Vault by Keith J. Cunningham
Some business ideas are so big that you have to raise outside money to even get started. That’s why Keith J. Cunningham wrote Keys to the Vault: Lessons From the Pros on Raising Money and Igniting Your Business. Whether you want to raise money from friends, family, angel investors or venture capitalists, Keith teaches you how to create a business plan, assemble an all-star team and choose the legal and financial structures that will excite investors. If you’ve ever had a business idea that required raising money, Keith J. Cunningham’s book is for you.