Sunday, August 23, 2009
Guide to Investing, What the Rich Invest In, that the poor and middle class do not by Robert T. Kiyosaki
This is a very thorough book and goes into detail about the various levels of investors and an overview of the processes he followed. The most important things that I got out of the book that you need to have a plan to get you from where you are to where you want to be. People invest for the following 3 reasons, security, comfort and to be rich. You should have an simple, basic automatic plan in place that you understand to be secure and comfortable before you invest in becoming rich. You should also have a plan on what to do with the money that you make before you make it. By having a dream, the dedication and drive you can get the data and dollars. Today it easier than ever to convert ideas into assets.
The Next Conservatism by Paul M. Weyrich & William S. Lind
This book is about conservatism and what steps conservatives should take to restore the United States. Some of their points are below.
Basically the government has grown too big & is not responsive to it's citizens. In fact a separate bureaucrat class runs our nations no matter which political party is in office. This bureaucrat class can not make things work, is insulated from the consequences of its acts and is only interested in remaining a separate class.
In addition our nation is headed to socialism & a victim society where people want to be taken care of, not delay gratification, not take responsibility for their actions and are willing to give up our basic freedoms.
In general, their solution is to set up a separate culture that acts & thinks locally, evaluates technology on whether it draws us together or apart and to lead by example.
Basically the government has grown too big & is not responsive to it's citizens. In fact a separate bureaucrat class runs our nations no matter which political party is in office. This bureaucrat class can not make things work, is insulated from the consequences of its acts and is only interested in remaining a separate class.
In addition our nation is headed to socialism & a victim society where people want to be taken care of, not delay gratification, not take responsibility for their actions and are willing to give up our basic freedoms.
In general, their solution is to set up a separate culture that acts & thinks locally, evaluates technology on whether it draws us together or apart and to lead by example.
Increase your Financial IQ by Robert T. Kiyosaki
There are several different intelligences, academic, professional, health & financial. This book can motivate you to improve your financial intelligence. One of the main points it made was that everyone uses money and everyone has money problems just different ones. Start by solving small problems and work your way up to bigger ones. The process of solving financial problems increases your financial intelligence and can make you richer.
Monday, August 17, 2009
The top 10 distinctions between Millionaires and the Middle Class by Keith Cameron Smith
I really enjoyed this book because it was easy to read yet thought provoking. It discussed in general how the different classes of people, from the very poor to the very rich, view life. Some points that I learned were: Long term planning & life time learning is very important. Studying what you love, loving life, learning to ask empowering questions and learning how to generate multiple sources of passive income is also important if you want to be successful both in your personal and financial life.
Tuesday, August 11, 2009
Wired to Care by Dev Patnaik
The main idea of this book is that companies in order to be the most successful that they can be need to understand their customer and the way they do that is through empathy. Empathy helps people in a company understand their customer and identify with their customer which enables them to provide products/services that their customer really wants. The second idea is that strategies to enhance empathy need to be built right into a company so everyone in the company can identify with the customer in order to provide the best products/services across the board.
Friday, August 7, 2009
Rich Dad's Prophecy by Robert T Kiyosaki
Robert Kiyosaki is one of my favorite authors. He takes financial information and presents it in an easy to read and understand way. Plus he is a good motivator.
The main point of this book is to be prepared by increasing your knowledge about finances and investing so you are prepared to weather downturns in the stock market. Another point he brings up is that baby boomers will be turning 70 in a couple of years (I think he said 2016.) and will be required to withdraw from their 401k plans. This could adversely affect the stock market. Another point he makes is you don't have much control when investing in a mutual fund.
The main point of this book is to be prepared by increasing your knowledge about finances and investing so you are prepared to weather downturns in the stock market. Another point he brings up is that baby boomers will be turning 70 in a couple of years (I think he said 2016.) and will be required to withdraw from their 401k plans. This could adversely affect the stock market. Another point he makes is you don't have much control when investing in a mutual fund.
Why I started this blog
I read a lot of books, probably way more than I should. A lot of time I learn something from what I've read so I wanted a way to keep track of the books I've read & the main thing I've learned from the book. I may read books multiple times and each time I do I learn more.
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