5 Great Books to Read on Building Wealth (2024)

Have you had the opportunity to read the book ‘Think & Grow Rich’?

If you are a regular visitor to Wealthy Gorilla, then it is likely that you have already delved into the pages of this impactful book!

Written by Napoleon Hill, Think & Grow Rich is renowned as one of the most influential self-development books in history.

This book imparts the 13 principles for transforming your desires into wealth and is filled with invaluable insights that can revolutionize your life…

The 30 Major Causes of Failure

Within one of the chapters of Think & Grow Rich, Napoleon Hill outlines the 30 major causes of failure. These are the factors contributing to the failure of 99% of individuals in their pursuits.

The purpose of highlighting and elaborating on these ‘major causes of failure’ in this piece is to shed light on why people fail and how you can steer clear of these pitfalls in your own journey.

Here are the 30 major causes of failure as elucidated by Napoleon Hill:

1. Unfavourable Hereditary Background

Leading the list is the challenge of overcoming an unfavorable hereditary background, which Hill identifies as one of the most daunting obstacles to surmount.

This obstacle pertains to individuals who may lack natural intelligence or certain cognitive abilities. Despite efforts to enhance their knowledge and intellect, they may still face inherent disadvantages.

2. Lack of a Well Defined Purpose in Life

Without a clear goal to strive towards, without a definitive purpose to fulfill, success becomes elusive. Absence of a target to aim for results in directionless endeavors.

3. Lack of Ambition to Aim Above Mediocrity

Many individuals lack the drive to surpass mediocrity for various reasons, such as laziness, complacency, entitlement, or disbelief in the concept of ‘success’.

Without the ambition to reach higher, one remains confined to average achievements. As a result, surpassing mediocrity remains unattainable.