How to Become a Millionaire by 30: 5 Books to Help You Make It Happen

Unlocking financial independence and early millionaire status through the power of books
4 mins read
How to become a millionaire
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“Money, money, money 

Must be funny 

In the rich man’s world”

Ah, the American dream: work hard and become a millionaire. I know all about it. I am an immigrant! But what percentage of Americans actually achieve this goal?

Only about 8.8% of the country’s adult population, according to Charles Schwab’s 2022 Modern Wealth Survey.

20% of millionaires made their first million in their mid-to-late 30s, despite having middle-class incomes according to Tim Corley, a wealth expert and author who spent years interviewing hundreds of millionaires. So it is fair to say on average it takes over 20 years of saving and investing to become a millionaire. 

So, what’s the secret to becoming a millionaire? They say it’s never too late to start building your wealth, just start saving and investing early and often. Unfortunately, it’s not always that easy. But with the right knowledge and mindset, financial success can be achieved earlier than you might think.

In today’s digital world, there are plenty of tools and resources available to help you boost your wealth, no matter where you are in your journey. 

One powerful and cheap way to gain the insights, actionable steps, and inspiration you need is by reading books.

5 books that'll help you become a millionaire by age 30
Image // Canva

In this article, we’ll explore five books that can set you on the path to financial abundance and potentially make you a millionaire by the age of 30.

Let’s take a closer look into these 5 essential books and highlight some commonalities:

1. “Rich Dad Poor Dad” by Robert Kiyosaki

How to become a millionaire

“Rich Dad Poor Dad” by Robert Kiyosaki is a personal finance book that teaches readers how to achieve financial independence and wealth. The book is written in the form of a parable, and follows Kiyosaki as he learns about money from his two fathers: his biological father, who is a highly educated but financially struggling professor, and his best friend’s father, who is a successful entrepreneur.

“Rich Dad Poor Dad” is a great book for anyone who wants to learn more about money and how to achieve financial success. It is especially written in a simple and easy-to-understand way, making it accessible to readers of all ages and backgrounds.

2. “The Millionaire Fastlane” by MJ DeMarco

The 4 books that can help you become a millionaire by 25
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“The Millionaire Fastlane” by MJ DeMarco is a book that teaches you how to build wealth quickly by becoming a producer instead of just a consumer. It describes three states of wealth:

  • The Sidewalk: People on the Sidewalk will never be rich and will live from paycheck to paycheck. They work hard at their jobs, but they don’t own any assets that generate income.
  • The Slowlane: People on the Slowlane get rich at 65-70 years old by working hard at their jobs, saving money, and investing wisely. However, they have to sacrifice their time and energy to do this.
  • The Fastlane: People on the Fastlane build wealth in 7-10 years by creating assets that generate income. They become producers instead of consumers.

DeMarco teaches readers how to get on the Fastlane by understanding net profit and asset value,  creating assets that generate income even when you’re not working, and exploiting the Law of Affection.

3. “The Automatic Millionaire” by David Bach

Automatic Millionaire” by David Bach

“The Automatic Millionaire” by David Bach is a book that teaches you how to build wealth by automating your finances. Bach argues that the best way to save money is to set up automatic transfers from your checking account to your savings account each month. This way, you’ll save money without even having to think about it. The book also teaches you about the importance of investing your money. 

“The Automatic Millionaire” is a great book for anyone who wants to start saving and investing for the future. It is especially helpful for people who are new to personal finance or who don’t have a lot of time to manage their finances.

4. “The 4-Hour Workweek” by Timothy Ferriss

The 4-Hour WorkweekThe 4-Hour Workweek

“The 4-Hour Workweek” by Timothy Ferriss is a book that teaches you how to work less and earn more. Ferriss argues that the traditional 9-5 job is no longer the best way to achieve financial success. Instead, he recommends focusing on creating passive income streams that generate money for you even when you’re not working.

“The 4-Hour Workweek” is a great book for anyone who wants to achieve financial freedom and live a more fulfilling life. It is especially helpful for people who are entrepreneurial or who want to start their own business.

5. “Essentialism: The Disciplined Pursuit of Less” by Greg McKeown

The Disciplined Pursuit of Less" by Greg McKeown

“Essentialism: The Disciplined Pursuit of Less” by Greg McKeown is a book about how to achieve more by focusing on less. McKeown argues that we are all bombarded with too many choices and opportunities and that this is preventing us from achieving our true potential.

The book teaches you how to identify and focus on the things that are most important to you, and to eliminate the rest. McKeown calls this process “essentialism.”

Essentialism is a powerful tool that can help you boost your wealth in a number of ways:

  • It helps you to focus on your priorities. When you know what is most important to you, you can make better decisions about how to spend your time and resources. This can help you to achieve your financial goals faster.
  • It helps you to avoid distractions. There are many distractions that can prevent you from achieving your financial goals. Essentialism can help you to identify and avoid these distractions so that you can stay focused on what is most important.
  • It helps you to say no. One of the most important things you can learn to do is to say no to opportunities that are not aligned with your priorities. Essentialism can help you to develop the discipline to say no so that you can focus on the things that are most important to you.


If you’re serious about becoming a millionaire by 30, read these books. They can help you start achieving financial freedom sooner by teaching you how to develop the mindset and habits you need to reach your financial goals.

Now, you probably notice that the key themes in all of these books are time prioritization, automation of wealth-generating assets, frugality, and regular saving and investing. As I tell my clients, it is not an easy road, but it is possible, and it starts with you.

If you are serious about building wealth, these 5 books will help you make it happen. However, it is important to note that books are not a magic formula for getting rich quickly. It takes time and effort to implement the strategies that are recommended in these books. But if you are willing to put in the work, these 5 books can help you achieve financial freedom and live a more fulfilling life earlier in life.

Natalia Ivanova

Natalia Ivanova, Founder and CEO, Financial Planning Specialist at NewGen Wealth Creation, and former financial advisor at Morgan Stanley, has 8+ years of experience working with travel-loving professionals and entrepreneurs, from small business owners to CEOs of Fortune 500 companies. A dog mom, immigrant, and Puerto Rico-based world traveler, Natalia is proud to use her platform and experience to empower others to achieve their financial goals and build a fulfilling life.

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