{"id":180138,"date":"2025-08-27T16:20:13","date_gmt":"2025-08-27T16:20:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/180138\/"},"modified":"2025-08-27T16:20:13","modified_gmt":"2025-08-27T16:20:13","slug":"5-money-lessons-from-some-of-bill-gates-favorite-books","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/180138\/","title":{"rendered":"5 Money Lessons From Some of Bill Gates\u2019 Favorite Books"},"content":{"rendered":"\n

An avid reader, Bill Gates reads around 50 books a year and often shares his reading recommendations on his website Gates Notes<\/a>.<\/p>\n

Currently the 16th-richest man in the world, per Forbes<\/a>, Gates also knows a thing or two about money<\/a>. So it only makes sense that some of the financial principles by which he lives may be hiding in plain sight: his favorite books.<\/p>\n<\/p>\n

Read More: The No. 1 Key To Wealth, According To Wahei Takeda, the \u2018Warren Buffett of Japan\u2019<\/a><\/strong><\/p>\n

Find Out: I’m a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money<\/a><\/strong><\/p>\n

Here are five money lessons from five books that Gates has featured on his website.<\/p>\n

Also see Gates\u2019 top five tips for getting richer<\/a>.<\/p>\n

\u201cTomorrow, and Tomorrow, and Tomorrow,\u201d written by Gabrielle Zevin, \u201ctells the story of two friends who grow up bonding over Super Mario Bros. and then, in college, start making their own games together,\u201d Gates wrote. The two main characters later achieve significant professional success after turning their hobby into a career.<\/p>\n

Gates said he enjoyed the book because it reminded him of his early work with Paul Allen at Microsoft. In terms of financial application, this book serves as a reminder that one shouldn\u2019t choose a career<\/a> simply because of the money \u2014 they should choose a career they are inherently passionate about, and the money will ultimately follow.<\/p>\n

Check Out: The No. 1 Way Americans Become Millionaires Is Pretty Boring \u2014 and Easy To Do<\/a><\/strong><\/p>\n

\u201cThe Inner Game of Tennis,\u201d written by Timothy Gallwey, argues that, in athletics, one\u2019s state of mind is just as important as physical fitness, according to Gates. It also offers advice on constructively moving on from mistakes without letting them affect future performance \u2014 something Gates admitted he has struggled with \u201con and off the court.\u201d<\/p>\n

Similarly, staying level-headed \u2014 particularly in the stock market \u2014 is notoriously some of the best investment advice<\/a> around. And making good, financial decisions often has more to do with the psychology of how you behave than how smart you are. For instance, it can be tempting to panic-sell during a market downturn, but those who keep their money invested over the long term will likely wind up richer.<\/p>\n

Additionally, individuals should be wary of letting past outcomes emotionally influence future decisions. Stay focused on your goals, not past mishaps.<\/p>\n

\u201cPersonal History,\u201d written by Katharine Graham, is an autobiography of the former publisher of The Washington Post. The book chronicles Graham\u2019s transition from a supportive wife to the head of a major, male-dominated newspaper. Facing potential financial and political consequences, Graham stood by her principles, choosing to publish The Pentagon Papers, and she played an integral role in unveiling the Watergate conspiracy.<\/p>\n

Story continues <\/p>\n

When faced with turning a profit or committing to journalistic integrity, \u201cshe chose integrity, and that made her into who she is today,\u201d said Melanie Musson, insurance and finance expert at Clearsurance.com<\/a>. \u201cIn the long run, integrity leads to success, even if it hurts the financial situation in the moment.\u201d<\/p>\n

Reputation is paramount when it comes to making money<\/a>. Be willing to turn down easy cash if it means cheating or acting illegally. Whether in banking or business, keeping your word and treating others with respect makes people want to work with you. This could enhance your bottom line in the long run.<\/p>\n

\u201cChasing Hope: A Reporter\u2019s Life,\u201d written by Nicholas Kristof, is Kristof\u2019s memoir about a life in journalism. The book \u201ctakes us behind the scenes as he risks his life to shine a light on the world\u2019s most pressing problems and blaze a trail to a better future,\u201d wrote author Adam Grant. Kristof travels to where suffering is taking place and makes people care about it. Gates admitted this book inspired him to decide what to focus his philanthropic giving on.<\/p>\n

Giving back is a principle often touted by many, including financial expert Dave Ramsey as part of his 7 Baby Steps<\/a> to financial freedom. According to Ramsey, nothing represents financial peace like being in a position to give back to those less fortunate and then doing it. After all, what good is all that money if you\u2019re just hoarding it? Giving back<\/a> positively impacts not only the recipient but also the giver.<\/p>\n

\u201cEvicted: Poverty and Profit in The American City,\u201d written by Matthew Desmond, demonstrates the difficulty of finding and keeping a home when you live in poverty, as well as how all issues pertaining to poverty are intertwined.<\/p>\n

\u201cWhen someone has to search for a new place to live, they miss work, which cuts back on their pay and makes them more likely to get fired,\u201d Gates wrote in an article<\/a> about the book. This could undoubtedly impact credit scores, borrowing power, availability of food and emotional stability.<\/p>\n

When it comes to wealth inequality<\/a>, it is often more costly to be poor than rich. This is why it is important to stay vigilant and shield your finances as much as possible with an emergency fund, key insurance policies and a good credit score.<\/p>\n

More From GOBankingRates<\/strong><\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: 5 Money Lessons From Some of Bill Gates\u2019 Favorite Books<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"An avid reader, Bill Gates reads around 50 books a year and often shares his reading recommendations on…\n","protected":false},"author":3,"featured_media":180139,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[243,1022,171,101785,101788,101786,101787,67,132,68],"class_list":{"0":"post-180138","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-books","8":"tag-bill-gates","9":"tag-books","10":"tag-entertainment","11":"tag-financial-principles","12":"tag-gabrielle-zevin","13":"tag-katharine-graham","14":"tag-money-lessons","15":"tag-united-states","16":"tag-unitedstates","17":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115101645268375884","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/180138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=180138"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/180138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/180139"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=180138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=180138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=180138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}