How Business Books Can Boost Your Income

June 5, 2024
Man reading amidst swirling books and dynamic lighting.
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Are you ready to unlock the incredible power of reading to catapult your skills to new heights? Embarking on a journey of reading for improvement is not just enlightening; it’s transformative. Imagine absorbing the distilled wisdom of experts, learning cutting-edge strategies, and discovering insights that can revolutionize the way you work, think, and achieve. This isn’t just about expanding your knowledge base; it’s about reshaping your capabilities and redefining what’s possible in your personal and professional life. Whether you’re looking to sharpen your technical skills, enhance your problem-solving abilities, or boost your productivity, the right reading material can be your gateway to a world of untapped potential and unexplored opportunities.

The quantifiable benefits of reading

Sales & Marketing Executives International indicates that individuals who read at least seven business books per year earn 2.3 times more than those who read only one book per year. Tom Corley’s research found that 85% of wealthy individuals read two or more educational, career-related, or self-improvement books per month, with 88% dedicating 30 minutes or more daily to self-improvement reading. High-profile business figures like Warren Buffet, Bill Gates, Mark Cuban, and Elon Musk attribute significant portions of their day to reading​​.

Breaking down the research

That is 130% more money, so if you are making $50,000 a year that would upscale you to $115,000. Obviously it goes without saying that this is not a guarantee and life like business is messy and nuanced. That being said, I don’t think reading more books would have a negative effect. In Fact, there have been a lot of studies on the cognitive benefits of reading. People who read have around 30% less memory decline compared to other forms of mental activity.

Quick start guide

1

Set Goals

Clearly define what you want to achieve with your reading. If you aim for professional development, focus on books related to your career, like “The Lean Startup” for entrepreneurs or “Clean Code” for software developers.

2

Find Books

Select subjects that align with your interests and goals. If you’re interested in personal growth, consider books like “Atomic Habits” by James Clear or “The Power of Habit” by Charles Duhigg.

3

Find Books

Use various resources to access books. Utilize libraries for free access, browse local bookstores for the latest releases, use online platforms like Amazon for a wide selection, or subscribe to audiobook services like Audible for listening on the go.

4

Schedule Reading

Establish a daily reading routine. Allocate 20 minutes every morning to read before starting your day, or dedicate some time during lunch breaks or before bed.

5

Join Communities

Engage with others to stay motivated. Join a local book club or participate in online forums such as Goodreads to discuss and share insights about books you’re reading.

6

Use Tools

Leverage technology to enhance your reading experience. Use apps like Kindle or iBooks for e-reading and apps like Pocket or Instapaper to save articles and read them later.

7

Reflect and Apply

Implement the knowledge gained from reading. After reading a book on productivity, like “Getting Things Done” by David Allen, apply its principles to organize your tasks and improve your workflow.

8

Evolve Reading List

Continuously update your reading list based on your evolving interests. If your interest shifts from personal finance to history, add books like “Sapiens” by Yuval Noah Harari or “Guns, Germs, and Steel” by Jared Diamond to your list.

Man arranging books on a library shelf.

Recommended Reading to Increase Your Net Worth

We have compiled the best business, finance, productivity, and strategy books. These will help expand your mind, grow your skills, and improve your level. Success, like war, is based on your knowledge and strategy.

Wrap up

By following these strategies, you can create a robust reading habit that supports both personal and professional growth. In summary, the link between reading and professional achievement is evident. Regular reading, especially of materials that foster educational and self-improvement, is a common trait among those who have reached notable heights in their careers. It serves as a powerful tool for gaining knowledge, inspiring innovation, and staying ahead in the ever-evolving landscape of business and technology.

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Thank you for reading! Did you know the average person who takes our free course can save over $200 every month. Grab your spot, start learning, and keep more of your hard-earned cash today!