7 Books I Think All Financial Advisors Should Read

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Dec 23, 2024

Discover the timeless wisdom found in classic business books that can guide financial advisors away from costly mistakes. The discussion highlights the importance of reading, even recommending the Bible for its valuable lessons. Learn why rapid client growth can be detrimental and unveil the secrets behind the investor mindset of successful CEOs. Dive into the influential texts that shaped the host's career, focusing on long-term thinking, the 80-20 rule, and personal growth strategies essential for thriving in the financial industry.

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ADVICE

Year-End Reading Challenge

Read one book by the end of the year, even if it's not from this list.
Aim for 30 pages per day, which is achievable with just 30 minutes of reading.

ADVICE

Read the Bible

Read the Bible cover-to-cover at least once in your lifetime.
Understand its influence on Western civilization and the spread of literacy.

ADVICE

Think and Grow Rich

Read "Think and Grow Rich" for wealth acquisition principles.
The principles hold true regardless of controversies surrounding Napoleon Hill.

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The Bible

Various Authors

The Bible is a comprehensive collection of texts that form the central religious text of Christianity and Judaism. It is divided into the Old Testament, which includes books such as Genesis, Exodus, Leviticus, and others that narrate the creation of the world, the history of the Israelites, and the prophetic messages. The New Testament focuses on the life, teachings, death, and resurrection of Jesus Christ, along with the early Christian church and its spread. The Bible contains a wide range of genres, including historical narratives, poetry, wisdom literature, prophetic writings, and epistles[2][3][5].

The outsider

Colin Wilson

In 'The Outsider,' Colin Wilson examines the psyche of the Outsider through the lives and works of various literary and cultural figures such as Albert Camus, Jean-Paul Sartre, Ernest Hemingway, Hermann Hesse, and Fyodor Dostoyevsky. The book delves into the Outsider's experience of dislocation and his struggle to find meaning and purpose in a world that seems devoid of it. Wilson argues that the Outsider is a metaphysical man who seeks a transcending meaning and purpose for human existence, often feeling isolated and disconnected from society. The book is both a study of the Outsider's predicament and an impassioned call for a new form of existentialism that could provide a satisfying and objective religious understanding of life.

Think and Grow Rich

Napoleon Hill

Published in 1937, 'Think and Grow Rich' is a seminal work in the self-help genre. The book is the result of over twenty years of research by Napoleon Hill, who studied the habits and achievements of more than 500 successful individuals, including Andrew Carnegie, Thomas Edison, and Henry Ford. Hill distills their wisdom into thirteen principles that, when practiced with persistence and faith, can transform dreams into reality. These principles include the power of desire, faith, specialized knowledge, organized planning, and the role of the subconscious mind. The book emphasizes the importance of maintaining a positive mental attitude, setting clear and specific goals, and taking consistent action to achieve success. It also explores the concept of the 'Master Mind' alliance and the need to overcome fears and doubts to achieve one's objectives.

The Ultimate Jim Rohn Library

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Jim Rohn

While not a single book, "The Ultimate Jim Rohn Library" is a collection of Jim Rohn's teachings, offering a comprehensive exploration of his philosophies on personal development and success. Rohn's work emphasizes the importance of self-improvement, goal setting, and personal responsibility. He stresses the power of continuous learning and the development of strong character traits. His teachings are known for their practicality and timeless wisdom. The library provides a valuable resource for those seeking guidance on achieving their full potential.

The H Factor of Personality

null

Michael Ashton

80-20 Sales and Marketing

Perry Marshall

How I Found Freedom in an Unfree World

A Handbook for Personal Liberty

Harry Browne

The book, written by Harry Browne, focuses on helping readers achieve personal freedom by recognizing and escaping the mental and societal traps that prevent them from living freely. It is divided into three parts: the first identifies the traps that people fall into, the second provides techniques for obtaining greater freedom, and the third shows how to implement these changes for a freer life. Browne emphasizes the importance of taking personal responsibility and finding direct alternatives to overcome constraints, rather than trying to change others or conform to societal expectations[1][3][4].

Most of the bestselling books you see littered across airports are not only trending fads at best, but there is downright dangerous business advice spread as gospel in them too.

Turns out, the best business books weren’t written in the last year, the last ten years, or even the last twenty years.

They’re different.

They’re timeless.

And their wisdom will grow your business faster—with no chance of duping you into costly mistakes like airport books can.

Listen now to hear the 7 books I think all financial advisors should read.

Show highlights include:

How to read a book by the end of the year (without depriving yourself of champagne, gifts, and Christmas festivities) (0:52)
Why even atheist financial advisors should read the Bible (1:44)
This mystical book recommendation from a “con man” always gets pushback… but it works (3:04)
My favorite Warren Buffet book (even though he didn’t write it and it’s barely about him) (4:55)
How airport books can actually set your financial advice business back decades (5:35)
The “Investor Mindset” secret shared by 8 of the world’s most successful CEOs (6:10)
Why rapid client growth is the worst way to grow your business (6:39)
The “few simple disciplines” secret from the world’s greatest motivational speaker (11:25)
3 traps that will ransack your business and freedom if you fall into them (18:47)

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