Want to Become a Self-Made Millionaire? Read This Kind of Book

Adopt this habit yourself and get a major leg up on others in your industry.

Successful people do a lot of things differently: They almost exclusively wake up before 6 a.m. (one of the morning habits successful people share), they always do these 5 productive things at work, and, it turns out, they have similar taste in books.

So what are the Bill Gates and Oprah Winfreys of the world reading when they get home after a long day? Biographies, says Thomas Corely, whose Rich Habits study identified the habits, thinking, and traits of 361 people, both rich and poor.

“Sixty-eight percent of the 177 self-made millionaires in my study read biographies of other successful people, while 91 percent of ‘poor’ people—those with less than $35,000 in annual gross income and less than $5,000 in liquid assets—did not read biographies of other successful people,” Corely writes on Business Insider.

Corely even has a few theories on why that is. “When you read biographies of other successful people, you become a student of their mistakes,” he writes. “You are able to anticipate mistakes in advance of making them. Avoiding mistakes is critical to success. Too many mistakes, and you can run out of money, resulting in failure. Individuals who make the fewest mistakes, therefore, save time and money, which keeps them in the game.”

If that thinking is true, it might be best to start with biographies of top figures in your industry. But before you do that, make sure you’ve covered the 12 best biographies you should have read by now.

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