I have been reading a lot of books over the last year. I have my audibles subscription. I don't purchase physical books and read, and I cannot even read a book. But I listen to a lot of audiobooks. Many books have nice information, and I mostly pick books based on their ratings. I buy books with the credits I get every month. Sometimes, the books that I choose can get very boring, and I end up reaching an urge to complete them.
I mostly listen to books that talk more about money and finance. I used to wonder why it is very difficult to read books. But the good thing is that I can listen to some good books even though I don't have the habit or patience to sit and read books. Books talk a lot about personal finance. It has a lot of information on the same. But it is also true that not everyone can follow whatever is being said about money and become rich.
Money-related books
There are a few books that are very popular, and directly starting to read those books is also good but at the same time, reading some simple books to understand more about money and savings, and then moving to other money-related books is a good thing. I have to say that some books are very boring, and picking the right book makes it easier to listen to books. Sometimes we might learn many things from books like these.
I remember Rich dad and Poor Dad being my first eye-opener for reading books. I did learn a lot from that book, and my perspective about money changed completely. But I think just one time listening may not be sufficient to learn all the concepts in building wealth. Also, there are so many such books out there can can also be read.
Successful people read more books
I have heard this from many people. Rich people or people who have the flair to get rich usually spend most of their time on valuable things. They don't spend time on unwanted activities and mostly the primary focus will be on finding avenues to make money. There is one good strategy. If we want to become rich or be successful, we have to be with people who have already done that.
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You have to put what you learn into action.
One book I enjoyed as much as Rich Dad, Poor Dad was The Richest Man in Babylon by George Clason. The book has some very simple lessons about wealth.
One of the more difficult lessons is "a part of what you earn is yours to keep", which works with another lesson of "set thy purse to fattening". The idea is that you should save some of your income no matter the circumstances. He is credited as coming up with the saying that you should "pay yourself first".
This lesson makes sense. Money will always be short. If you pay out 100% of your income, you'll still need more money. If you pay out 90% of your income and save 10%, you could eventually have enough savings to invest in something that generates wealth. Yes, your creditors will howl and gnash their teeth that they need to be paid, and they will from the 90%. The other 10% is yours. You're not working for them, you're working for you.
It is a simple lesson. Yet it is so difficult to put into practice. I've done this several times. At some point, I lose my way and end up spending my savings, leading me back to financial struggles.
There is a more recent book popular book titled Profit First by Mike Michalowicz, which pretty much tells you the same thing, except he uses dedicated bank accounts to allocate money. One account for all your income that you use to distribute to other accounts for taxes, business expenses, owner's pay, and profit. You can set up other accounts, depending on your needs. The profit account is the one that collects the money that is yours to keep. It's forced budgeting, which is difficult to maintain when you are inclined to pay everybody else first.
My point in all this is that we need to put what we learn into practice.
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i like more novel or history books, they will never make me rich i guess 😅
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I actually want to inculcate the habit of reading more books
I have noticed that successful people in life rent to read more books but the kind of books that they read is what I want to make findings about
This can never happen. We have to work physically or online. And when we are motivated and work continuously, we will still be successful.
Readers are leaders as they always say 😁 but I'm lazy in reading, trying to work on it several times. I will keep trying though because there are so many hidden treasures in books
Thanks for sharing your journey with audiobooks! It's inspiring how you leverage listening to expand your knowledge, especially about personal finance.
I don’t have the patience to sit and read physical books, too, unless it is an academic book, particularly for my students, but audiobooks have been a game-changer. I also agree that just listening once isn’t enough; sometimes, we need to go back and absorb it again. And you're right.
To me, I believe that putting into action what we learn from the book is what really matters. Reading a book alone can't make anyone rich unless the principle in such a book is put into good use.
not everyone can follow whatever is being said about money and become rich, that is where it always hangs. The big steps after reading equals success
For me personally, I don't really believe that we should follow every principle in the book we read sometimes
Comic Books? 🤣
Lol