Welcome to my blog! If you're here to discover which book you should read to enhance your financial education, then this is definitely the place! I recommend some of the financial books I read as well as some latest financial education books and summarize them here. Feel free to leave your comments~
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One of the better definition I learned from Robert for the word "focus" is using the word as an acronym.
F = Follow
O = One
C = Course
U = Until
S = Successful
I find it very useful & motivational for myself whereby I always think of this whenever I face some roadblocks in the path of building my multiple sources of income. Whatever you're doing currently, do it PERSISTENTLY until you're SUCCESSFUL no matter you're interested with it! I'm saying merely do one thing at a time but not multiple things simultaneously. If you're doing property investment, then JUST property investment. If you're doing internet marketing, then JUST internet marketing. Only after you succeed with what you're doing now, then decide if it's the path you should pursue or explore others. You can't FOCUS on different things concurrently in a sense that you want to be successful with all of them!
Donald Trump always mentions, NEVER GIVE UP! Don't simply make assumption such as 'it's not working'...'I knew I shouldn't have done this'...'it's only wasting my time'...etc etc... STOP! Believe in yourself! You can always make it!
There are only 2 things you can invest: TIME & MONEY. Though most of the people only invest on money, that's why they always lose their money.
What exactly is to invest on TIME? It means investing your own time on raising your FINANCIAL INTELLIGENCE! Go obtain as much as financial education as you can! Let me show you how Robert basically distinguishes investing time & investing money:
Non-Investor: Invests NO time, Invests NO money --> No financial education
Passive-Investor: Invests NO time, Invests money --> No financial education
Active-Investor: Invests time, Invests money --> LOTS of financial education
Those who have no or very little financial education will find that investing is very risky, because they don't know anything about it & get advices from the so called 'financial experts' who have very little financial education & experience. Do you realize that it takes more time to become a licensed massage therapist than it takes to become a financial adviser? Bet you can see the picture now.
Can you find 4 to 10 hours a week that you can spend on your financial education? Chances are you can! The only question is: Will you?
Ask yourself, would you drive a car without a steering wheel? It's definitely risky without it as you wouldn't have control on the car itself. Same thing happens to entrepreneurs & real estate investors, you need to be in control in:
Don't limit yourself. In other words, think BIG. Thinking small when you can be thinking big is definitely limiting your potential. People are capable of doing great things, but not if they don't envision great things being done. You don't have to waste time working your way up to the top when you can start there in your mind.
I remember the old saying "It's lonely at the top." I don't agree. It was probably said by someone who didn't want any competition. I'm secure enough in my success to welcome competition, so I don't mind telling you that being at the top is a great feeling. Thinking big can get you there.
Here's how. We all start with small steps. The point is to get us up to the big steps we're all capable of taking. Would you be satisfied taking baby steps throughout your childhood? Would you be thrilled to be crawling when everyone else is already walking? I don't think so. We start small, but we move on. People like challenges. It's our nature. Keep in sync with that basic premise and you will begin moving forward with the momentum necessary for great achievement. Know that it is a natural progression, not some wild scheme from out of nowhere.
We have to learn to walk before we can start sprinting. But that's no reason not to contemplate sprinting even from day one. Apply that to your thoughts, and understand how your mind reveals the future to you. Do you have big plans or small plans? If all you can see on your agenda are small plans, ask yourself why. Then begin to expand your horizons. Sometimes we have to recognize our own smallness of mind before we can do anything about it.
Another way to move forward in a big way is to concentrate on managing your future, not your past. I've seen a lot of people waste a lot of time by dwelling on the past. Learn from the past, but don't stay there. You have to keep the momentum going; keep moving forward, not backwards. Don't focus on the problem when you should be looking at the solution.
Einstein said imagination is more important than knowledge. Easy for him to say, you might think. What he meant, though, was that without imagination and the ability to visualize possibilities, what would be the point of great knowledge? Knowledge is power, unless you choose not to use it. Knowledge is also the foundation of many great enterprises. Put imagination and knowledge together and in no time you'll have something plenty big in your think big tank.
Take the time to think, but don't risk wasting your time. Think Big.
The rich are getting richer, and everyone else is getting poorer. The world economies are heading into 2-class societies: the rich and the poor....
In other words, the middle class is being wiped out!!! Today in Japan, you are either rich or poor. The same thing is happening in many other countries.
Question: Why is this happening?
Value of the dollar falling
National debt increasing
Baby boomers starting to retire
Oil prices rising
Gap increasing between the rich and everyone else
Wages decreasing
Jobs being exported
Social Security and Medicare going bankrupt
Savings being wiped out
Lack of financial education being taught
No panic! In case you're in the middle class right now, still you can CHOOSE to be RICH! What we need to do is learn to take care of ourselves financially. In order to do that, we should start raising our Financial IQ~
Welcome to my blog! If you're here to discover which book you should read to enhance your financial education, then this is definitely the place! I recommend some of the financial books I've read as well as some latest financial education books & summarize them here. Feel free to leave your comments~ =)
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