The Richest Man in Babylon
George S Clason
Summary
A great personal finance book that teaches you about the value of saving without directly telling you.
Rating: 4/5
Notes
Income is the key, not demonstrating wealth
To attain wealth, you must study and continuously learn while also keeping track of the value of time
Attain wealth by deciding a part of everything you earn is yours to keep
Save at least 10% of everything you earn, if not more
Live upon less than you earn
Seek advice from those who are competent through their own experiences
Make your money work for you
A part of all I earn is mine to keep
Control thy expenditures
Budget necessary expenses and control the unncessary ones
Make the money work for you by multiplying it to create income
Power of compounding
Think about where you’re investing your money and consult more knowledgeable people
Own thy own home (think about if you need to do this)
No one can afford not to insure income in the future and for his family no matter how much he earns
Preceding accomplishment must be desire, thy desires must be strong and definite
Study to become more skillful and wiser
Good luck can be enticed by accepting opportunity
Men of action are favoured by the goddess of good luck
Rules of gold
1. Gold will come to anyone who puts away at least 1/10th of his earnings
2. You need to multiply your gold by finding income streams
3. You will never lose your gold if you invest it with wise men
4. You will lose money is you invest in business/people you don’t know or who are not skilled in a particular industry
5. You will lose money if you follow the advice of tricksters or trust your own inexperience and romantic desires for investment
Better a little caution than great regret
We cannot afford to be without adequate protection
Where determination is, the way can be found
1/10th saving, 7/10th to necessary expenses, 2/10th to debt
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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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Free E-book download here
