Rich dad, Poor dad
Robert Kiyosaki
Summary
A personal finance bestseller that teaches you the difference between working for money vs. money working for you
Rating: 4/5
Notes
Learn the rules of the 5% that keep you rich
Lessons:
- Rich don’t work for money
- Financial literacy
- Mind your own business
- History of taxes
- Rich invent money
- Work to learn, not for money
Most people talk about being rich but you have to do something
Life pushes us all around but you have to be willing to push back
It’s easier to change yourself than everyone else. Stop blaming people
Poor and middle class work for money and the rich make money work for them
Fear is what keeps people from pursuing their dreams
Face the fear of earning money and don’t let greed control your emotions
Emotions stands for energy in motion and use it for yourself
Don’t fall into the trap of fear & desire: use them to work for you
Learn to use your emotions to think, not think with your emotions
Know the difference b/w an asset and liability
An asset puts money in my pocket, a liability takes it out
Continuously re-invest the money you make from assets
Buy real assets that make you money, not liabilities
Real assets:
- Businesses that other people run
- Stocks
- Bonds
- Mutual funds
- Income generating real estate
- Notes
- Royalties from IP like music, scripts, patents
Create a personal corporation because you will pay less taxes
With a corporation, you can pay for expenses before taxes
You want to know a little about a lot
Seek to learn more than you earn
Become a good learner, teacher, seller and marketer
If you hate risk and worry, start investing early
The greatest secret of winners is that failure inspires winning
Always pay yourself first before anyone else and it will give you motivation to find additional streams of income
Need a reason greater than reality: the power of spirit and belief
Choose daily and remember the power of choice
Invest first in education and learning
Choose friends carefully: the power of association
Master a formula and then learn a new one: learn quickly
Pay yourself first: the power of self-discipline
When you come up short, let pressure build up and don’t dip into your savings/investment
Pay your brokers well: the power of good advice
Be an ‘Indian giver’: giving something for nothing
Assets buy luxuries, the power of focus
Find heros who make life look easy
Teach and you shall receive: the power of giving
Find people who are doing what you want and learn from them
Make offers for everything
Look for people who want to buy first, then look for someone who wants to sell
Start early, buy a book, keep reading
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Buy the book here
Free E-book download here
Make Something Wonderful
Steve Jobs
Summary
The life of Steve Jobs in his own words
Rating: 5/5
Notes
Make something wonderful and put it out there
‘You appear, have a chance to blaze in the sky, then you disappear’
When you’re a stranger in a place, you notice thing you don’t otherwise (Jobs after India trip)
Whenever you start with nothing, always shoot for the moon. You have nothing to lose.
You never achieve what you want without falling on your face a few times
Never be afraid to fail. You never achieve what you want without falling flat on your face a few times
We are never taught to listen to our intuitions, to develop and nurture them. But if you do pay attention to these subtle insights, you can make them come true
Creativity equals connecting previously unrelated experiences and insights others don’t see
Believe that some of what you follow with your heart will come back and make your life richer. And it will. And you will gain even firmer trust on your instincts and intuitions
Make your avocation your vocation. Make what you love your work.
The journey is the reward. The reward isn’t in the pot of gold at the end of the rainbow, it’s in crossing the rainbow
To find A+ talent, if experienced, look at their track record and results
The world we know is a human creation and we can push it forward
The people who are crazy enough to think they can change the world are the ones who do (read whole ad ‘here’s to the crazy ones)
We are what we repeatedly do. Excellence then is not an act but a habit - Aristotle
Hire people better than you are
You can’t plan to meet the people who will change your life
It’s impossible to connect the dots looking forward, but they make sense looking backwards so you have to trust the dots will somehow connect in your future
Everything around you that you call life was made up by people no smarter than you
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Buy the book here
Free E-book download here
