The world of online gambling is extremely dynamic: new gaming sites, providers, top games, and so on regularly appear in it. Nevertheless, fundamental knowledge, the features of the players’ psychology, and strategic approaches remain unchanged. This is where gambling books come into play.
They can give you a deep and holistic understanding of the world of gambling, where dry mathematical facts and subtleties of human psychology are intertwined. This review shows four top books by popular authors such as Jean Scott, Robert Kiyosaki, Timothy Ferriss, Vicki Robin, and Joe Dominguez.
At the same time, the hallmark of all these books is their main idea: maximizing income with a relatively small initial investment.
Rich Dad, Poor Dad,” by Robert Kiyosaki
This book was first published in 1997. Since then, it has firmly established itself as a guide for those who want to understand the intricacies of personal finance management. Unlike most works on this topic, Robert Kiyosaki invites readers to change their attitude toward wealth and success. As the title suggests, the book features 2 Kiyosaki “dads”:
Poor Dad – his biological father, who had an excellent education and was firmly on his way to success based on the concepts of good grades, a reliable job, and so on. Despite all this, he had tangible financial problems.
Rich Dad – in his role, was the father of one of Robert’s friends. This was a man with less formal education but who perfectly understood the principle of generating capital in a completely different way. This made him one of the most successful people in Hawaii.
Kiyosaki argues that only a real asset can put money in your pocket. For example, your private residence is not an asset if it does not generate income. But the income from its rent is another matter. The author also points out the importance of passive income, the development of entrepreneurial thinking, and continuous financial education.
The Frugal Gambler by Jean Scott
Another option to get an impressive income with a minimal investment is gambling with a small top-up. Many players worldwide prefer online casinos with no minimum deposit like the ones listed at MinDepositCasino due to a range of benefits. The book “The Frugal Gambler” portrays a scenario where a few dollars turned into a real fortune.
If you would like to achieve an income with a minimal commitment this book is what you need. As a rule, in the world of gambling, the main attention is focused on high rollers and big stakes. However, The Frugal Gambler by Jean Scott presents a completely different take on the gambling world, where smart play and a limited budget can lead to big wins.
At that time, this approach caused a real furor in the gambling community of Las Vegas, which gave the author the nickname “Gambling Grandma”. The book contains practical tips and strategies for budget gambling to maximize winnings. All author’s recommendations are supplemented with calculated risks and detailed observation.
Jean Scott shows a deep understanding of the principles of casino operation and how to use them, from casino comps to loyalty programs.
The 4-Hour Workweek by Timothy Ferriss
Since its publication in 2007, this book has caused a real revolution in the field of lifestyle design and the search for non-traditional sources of income. Instead of working from 9 to 5, the author proposes a different paradigm of life, work, leisure, and success.
Many books of Tim Ferris are about arguing that following the idea of retiring after years of hard work is no longer active. This postponed life tactic is an outdated model, which he proposes replacing with mini-retirements. This is an alternation of periods of work and rest throughout life.
The central idea of the book is Ferriss’ D.E.A.L. formula:
- D – Definition. Rethink the concept of wealth and value, not money but the freedom that comes with it.
- E – Elimination. Try to avoid unnecessary tasks and information.
- A – Automation. Use outsourcing to generate income with minimal intervention.
- L – Liberation. Achieve the freedom to work and live wherever you want.
The author prioritises the experience of endless work and actively promotes modern tools for developing a plan for a more fulfilling and balanced life.
Your Money or Your Life by Vicki Robin and Joe Dominguez
This is one of the books that drastically changes the game’s rules and goes beyond traditional money management tactics. Instead, the authors will insist on comprehensively reassessing your relationship with finances and work.
This approach is designed to change your financial behaviour and harmonise it with your personal values and priorities in life. The authors also suggest several steps to regain control of your finances. Here are several of them.
- Instead of considering things in terms of monetary value, do it regarding hours worked.
- Always track the movement of your finances.
- Estimate monthly expenses and analyse them.
- Highlight the costs that you can minimise.
- Learn to increase the income of investments, career changes, and part-time jobs.
- Try to reach a “crossover point” where monthly income exceeds expenses.
With the help of these rules, the authors offer you to move away from the concept of “work and spend”. Instead, they will guide you in turning your life around based on your true values and striving for financial independence.
The Final Word
All the books described in this review go a little beyond the standard understanding of wealth and the methods of achieving it. Each is a unique guide on using your opportunities here and now to start changing your life and making more money for the same or even less labour.
Based on success stories of casino gambling, parenting or lifestyle design all these books teach us valuable lessons. They will definitely become excellent sources of information that will help you expand your horizons and tools to achieve financial independence.