Finance and Economics
Intelligent Investor, Millionaire Next Door, Common Stocks Uncommon Profits,
Charles Schwab Guide to Financial Independence, Automatic Millionaire, Zero to One, Rich Dad Poor Dad, Does your bag have holes?, Your money your life, Common Sense Investing, $100 Startup, The success principles, The five rules of successful stock investing, Total money makeover, Think and grow rich
Think and Grow Rich
The author suggests the following 4 steps:
Develop a definite purpose, backed by a burning desire for its fulfillment.
Build a definite plan, expressed in continuous action.
Keep out all negative and discouraging influences.
Stay accountable to people who will encourage you to follow through your plan and purpose.
Principle 1: Desire.
Principle 2: Faith.
Principle 3: Auto Suggestion.
Principle 4: Specialized Knowledge.
Principle 5: Imagination.
Principle 6: Organized Planning.
Principle 7: Decision.
Principle 8: Persistence.
Principle 9: The Power of the Mastermind
Principle 10: Transmutation
Principle 11: The Subconscious Mind
Principle 12: The Power of the Brain
Principle 13: The Sixth Sense
Set your mind on a definite goal and observe how quickly the world stands aside to let you pass.
You can be anything you want to be, if only you believe with sufficient conviction and act accordance with your faith; for whatever the mind can conceive and believe, the mind can achieve.
Book: Zero to One
The actual truth is that there are many more answers left to find, but they will yield only to relentless searchers. There is more to do in science, medicine, engineering, and in technology of all kinds. We are within reach not just marginal goals set at competitive edge of today’s conventional disciplines, but of ambitions so great that even the boldest minds of the Scientific Revolution hesitated to announce them directly. We could cure cancer, dementia, and all the diseases of age and metabolic decay. We can find new ways to generate energy that free the world from conflict of fossil fuels. We can invent faster ways to travel from place to place over the surface of the planet. We can even learn how to escape it entirely and settle new frontiers.
“Rich Dad, Poor Dad,” by Robert Kiyosaki
Key takeaway: Know the difference between an asset and a liability.
There’s a reason the rich get richer: They understand the vital yet often misunderstood difference between assets and liabilities. An asset puts money in your pocket. A liability takes money out of your pocket. In order to get rich, you must buy assets and leverage the income generated from them to buy luxuries and fund your lifestyle.
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