How to Compete with the Smartest Millionaires

Disclaimer: The statements made in this post are the opinion of the author. They should not be viewed as financial advice. Please consult with a financial specialist before making any financial decisions.
This post may contain affiliate links, meaning I’ll receive commission at no extra cost to you for your purchase.*

It sounds impossible that a low income earner could compete with the smartest millionaires. After all, they have all of the money and can buy the very best. That may be true, but you don’t need to buy anything to compete with the smartest millionaires.

All you need to be successful is knowledge.

Knowledge Brings Success

Most people don’t realize this, but the most important thing that millionaires buy with their money is not a nice car or a big house or a vacation to exotic places, it is knowledge.

Knowledge can take many different forms.

You can buy knowledge by attending conferences, paying a mentor or coach, attending private schools, and buying online courses. All of these can be very effective.

But the number one thing that successful people use to get knowledge is books.

Books store knowledge in them, so the more you read the more knowledge you have. The more knowledge you have the more options you have to respond when tough choices come. The more options you have the more likely you are to make the best choice. And consistently making the best choices brings success.

But I have no money, I hear you say, how could I get all of these books?

The Secret Weapon for Gaining Knowledge

Even if you have no money, the vast majority of countries in the world have a free way for you to get knowledge from the smartest people. The public library.

I know it isn’t an exciting answer, but it is true. I live in a town of less than 10,000 people and we still have an amazing library system. So no matter where you live you can find books on any topic that you want to know about–including how to be as successful as millionaires.

The sad thing is that people don’t use libraries the way they should. Many people don’t have a library card, even though it is absolutely free. This is a mistake. If you do not have a library card, get one! If you don’t use it, start! Then make a goal to read a personal development book once a week, month, or quarter (whatever works best for you). As you increase your knowledge, you will be able to compete with the smartest millionaire because you’ll be doing exactly what they do.

What Success Looks Like

I do not guarantee that reading books will make you a millionaire. That depends a lot on you. But it will make you successful.

My father is a very intelligent man. And yet, he does not have a PHD. He doesn’t have a Master’s Degree. In fact, he never graduated college. His secret, he reads books. He doesn’t even read books with secrets of wealth or the mindset of a millionaire. He just reads what makes him happy. (Mostly Louis L’Amour). Just the act of reading has sharpened his mind and built his intellect.

He owns a very successful custom home business and has such a loyal customer base that he does no marketing at all. That is success for him.

Whatever success looks like for you, you can get it by reading. And you don’t have to pay a dime for it (assuming you can return books on time). Just use your new secret weapon–your local library.

If you need suggestions of where to start check out this list. Some of my personal favorites are How to Win Friends and Influence People (affiliate). The Richest Man in Babylon (affiliate). And for a really easy read, Who Moved My Cheese? (affiliate). Check them out today!

What are some of your favorite books? What are other ways that you have grown your knowledge to be successful? Tell me about it in the comments below.

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