The Toilet Paper Entrepreneur

Wednesday, March 31, 2010

"Never started a company before? Struggling with little or no cash? Have no experience, no baseline to judge your progress against? Thank God! You've got a shot at making this work." So says Mike Michalowicz, author of The Toilet Paper Entrepreneur, a business book that is so uniquely useful, so raw and entertaining, it reads like the brainchild of Steve Jobs and Chris Rock.
The founder of three multimillion-dollar companies, including Obsidian Launch, a company that partners with first-time entrepreneurs to grow their concepts into industry leaders, Mike Michalowicz knows what it really takes to spin your great idea into pure gold.
Whether you're just starting out or have been at this for years, Mike's "get real" approach to business is a much-needed swift kick in the pants. In this book, you'll discover:
* Why a business plan is a total waste of your time.
* Why fulfilling your own needs is the first and last order of business.
* Which three sheets of paper you need to successfully launch, manage and grow your business.
* How to get started in business with little or no money.
* How to find and exploit resources that no one else knows about.
* How to stop procrastinating and take action NOW!

Source: The Toilet Paper Entrepreneur
The Toilet Paper Entrepreneur

Read more...

Jump Start Your Marketing Brain: Scientific Advice and Practical Ideas

Tuesday, March 30, 2010

This is a powerful new approach to marketing that will multiply the impact of every dollar invested. Comprehensive research by Doug Hall details marketing initiatives that will deliver sustained success. What makes this book's teaching more reliable and reproducible than others is its foundation on hard data reflecting customer, industrial, and business-to-business marketing, not "guru opinions." After reading Jump Start Your Marketing Brain, readers will know how to more effectively and efficiently market and sell their brand, their services, their products, and even themselves!

Source: Jump Start Your Marketing Brain: Scientific Advice and Practical Ideas
Jump Start Your Marketing Brain: Scientific Advice and Practical Ideas

Read more...

Jump Start Your Business Brain: The Scientific Way To Make More Money

Friday, March 26, 2010

Review

Jump Start Your Business Brain is the first piece of TRUE, fact-based marketing wisdom since David Ogilvy. -- John Ruffley, Director of Marketing, M&M/Mars

Listen, learn and take action NOW! -- Guy Kawasaki, CEO, Garage Technology Ventures and author of Rich Dad, Poor Dad .

The author's passion for turning dreams of success into reality is evident on every pageand quite contagious. -- Successful Meetings Magazine

Product Description

Doug Hall shares data-proven methods that can make sales, marketing, and business development measurably more effective.

Source:  Jump Start Your Business Brain:  The Scientific Way To Make More Money
Jump Start Your Business Brain: The Scientific Way To Make More Money

Read more...

The Millionaire Next Door

Thursday, March 25, 2010

The incredible national bestseller that is changing people's lives -- and increasing their net worth!
CAN YOU SPOT THE MILLIONAIRE NEXT DOOR?
Who are the rich in this country?
What do they do?
Where do they shop?
What do they drive?
How do they invest?
Where did their ancestors come from?
How did they get rich?
Can I ever become one of them?

Get the answers in The Millionaire Next Door, the never-before-told story about wealth in America. You'll be surprised at what you find out....

Source: The Millionaire Next Door
The Millionaire Next Door

Read more...

The Millionaire Mind

Wednesday, March 24, 2010

After its first publication, Dr. Thomas J. Stanley's second best-seller The Millionaire Mind spent over four months on the New York Times best-seller list, rising to position #2, and has sold over half a million copies. Here is the first paperback edition of Stanley's second groundbreaking study of America's wealthy. The Millionaire Mind targets a population of millionaires who have accumulated substantial wealth and live in ways that openly demonstrate their affluence. Exploring the ideas, beliefs, and behaviors that enabled these millionaires to build and maintain their fortunes, Dr. Stanley provides a fascinating look at who America's financial elite are and how they got there. What were their school days like? How did they respond to negative criticism? What are the characteristics of the millionaire's spouse? Is religion an important part of their lives? The author uncovers the surprising answers to these and similar questions, showing readers through concrete examples just what it is that makes the wealthy prosper when others would turn away dejected or beaten. The Millionaire Mind promises to be as transformational as Dr. Stanley's previous best-seller. This book answers universal questions with solid statistical evidence in an approachable and anecdotal style. The number of copies sold of this soon-to-be-classic will surely be in the millions.

Source: The Millionaire Mind

The Millionaire Mind

Read more...

Stop Acting Rich: ...And Start Living Like A Real Millionaire

Tuesday, March 23, 2010

A leading expert on the affluent reveals the real way to build wealth
With well over two million of his books sold, and huge praise from many media outlets, Dr. Thomas J. Stanley is a recognized and highly respected authority on the wealthy, their behavior, and their thinking. Now, in Stop Acting Rich, he details how the less affluent have fallen into the elite luxury brand trap that keeps them from truly acquiring wealth and details how to get out of it by emulating the working rich as opposed to the super elite.
A defensive strategy for tough times, Stop Acting Rich will show you how to live like Warren Buffett-a rich, happy life-through accumulating more wealth and using it to achieve the type of financial freedom that will create true happiness and fulfillment.

  • Puts wealth in perspective and shows you how to live rich without spending more
  • Details why we spend lavishly and how to stop this destructive cycle
  • Discusses how being "rich" means more than just big houses and luxury cars
  • Other titles by Stanley: The Millionaire Mind and The Millionaire Next Door
It's time to understand why we buy what we buy, so that we can start accumulating, rather than depleting, wealth. Stop Acting Rich shows you exactly what it takes to achieve this elusive goal.

Source: Stop Acting Rich: ...And Start Living Like A Real Millionaire
Stop Acting Rich: ...And Start Living Like A Real Millionaire

Read more...

The Illusions of Entrepreneurship: The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live By

Monday, March 22, 2010

There are far more entrepreneurs than most people realize. But the failure rate of new businesses is disappointingly high, and the economic impact of most of them disappointingly low, suggesting that enthusiastic would-be entrepreneurs and their investors all too often operate under a false set of assumptions.

This book shows that the reality of entrepreneurship is decidedly different from the myths that have come to surround it. Scott Shane, a leading expert in entrepreneurial activity in the United States and other countries, draws on the data from extensive research to provide accurate, useful information about who becomes an entrepreneur and why, how businesses are started, which factors lead to success, and which predict a likely failure.

The Illusions of Entrepreneurship is an essential resource for everyone who has dreamed of starting a new business, for investors in start-ups, for policy makers attempting to facilitate the formation and survival of new businesses, and for researchers interested in the economic impact of entrepreneurial activity. Scott Shane offers research-based answers to these questions and many others:
·        Why do people start businesses?
·        What industries are popular for start-ups?
·        How many jobs do new businesses create?
·        How do entrepreneurs finance their start-ups?
·        What makes some locations and some countries more entrepreneurial than others?
·        What are the characteristics of the typical entrepreneur?
·        How well does the typical start-up perform?
·        What strategies contribute to the survival and profitability of new businesses over time?



Read more...

Born Entrepreneurs, Born Leaders: How Your Genes Affect Your Work Life

Friday, March 19, 2010

It's no secret that your genes have a subtle, but powerful impact on your job and career. But did you know that your DNA accounts for one third of the difference between you and your co-workers in many aspects of work life, from job satisfaction to income level? That's the revelation of this fascinating book--one that will change the way you think It's no secret that your genes have a subtle, but powerful impact on your job and career.

Despite extensive evidence highlighting the influence of genetics in the business world, this critical connection has been glossed over by corporate leaders and management gurus. Now, for the first time, author Scott Shane explains why genes matter, and how an understanding of their relationship to behavior is of vital importance to employers, employees, and policy makers. This eye-opening resource begins with an incisive look at the basic function of genes and their effects on organizational behavior, providing a real-world analysis of how genes influence numerous aspects of our professional lives, from the jobs we choose, to how effectively we make decisions and manage people. Born Entrepreneurs, Born Leaders also delves into role that genetics plays in creativity and innovation, and focuses on how genes affect our tendency to start companies. Armed with these insights, you'll not only learn how to leverage your innate skills and personality, but you'll discover how to succeed by acting in ways contrary to your "nature."

Packed with scientifically grounded insights, this phenomenal book also examines the potential use of genetic information in creating job assignments and designing incentive and training plans. Ultimately, Born Entrepreneurs, Born Leaders shows how a heightened awareness of your own-and your colleagues'-genetic predispositions can make you a better employee or employer.

Source: Born Entrepreneurs, Born Leaders: How Your Genes Affect Your Work Life
Born Entrepreneurs, Born Leaders: How Your Genes Affect Your Work Life

Read more...

The Richest Man in Babylon

Thursday, March 18, 2010

Review

"What can a book written in the 1920s tell modern investors about their finances? A whole lot if it's George Clason's delightful set of parables that explain the basics of money. This is a great gift for a graduate or anyone who seems baffled by the world of finance and a wonderful, refreshing read for even the most experienced investor."
-Los Angeles Times

A great gift. -- Los Angeles Times

Product Description

THE MULTI-MILLION COPY BESTSELLING CLASSIC
Read by millions, this timeless book holds the key to success-in the secrets of the ancients. Based on the famous "Babylonian principles," it's been hailed as the greatest of all inspirational works on the subject of thrift and financial planning.
ACHIEVE PERSONAL WEALTH...
This celebrated bestseller offers an understanding of-and a solution to-personal money problems.This is the original classic that reveals the secrets to acquiring money, keeping money, and making money earn even more money. Simply put: the original money-management favorite is back!

Source:  The Richest Man in Babylon
The Richest Man in Babylon: Now Revised and Updated for the 21st Century

Read more...

9 Ways to change people without giving offense or arousing Resentment

Wednesday, March 17, 2010

Rule 1: Begin with praise and honest appreciation.
Rule 2: Call attention to people's mistakes indirectly.
Rule 3: Talk about your own mistakes before criticizing the other person.
Rule 4: Ask questions instead of giving direct orders.
Rule 5: Let the other person save face.
Rule 6: Praise the slightest improvement and praise every improvement. Be "hearty in your approbation and lavish in your praise."
Rule 7: Give the other person a fine reputation to live up to.
Rule 8: Use encouragement. Make the fault seem easy to correct.
Rule 9: Make the other person happy about doing the thing you suggest.

Source: How to Win Friends and Influence People
How to Win Friends and Influence People

Read more...

Think and Grow Rich

Tuesday, March 16, 2010

The bestselling success book of all time is updated and revised with contemporary ideas and examples.

Think and Grow Rich has been called the "Granddaddy of All Motivational Literature." It was the first book to boldly ask, "What makes a winner?" The man who asked and listened for the answer, Napoleon Hill, is now counted in the top ranks of the world's winners himself.

The most famous of all teachers of success spent "a fortune and the better part of a lifetime of effort" to produce the "Law of Success" philosophy that forms the basis of his books and that is so powerfully summarized in this one.

In the original Think and Grow Rich, published in 1937, Hill draws on stories of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation to illustrate his principles. In the updated version, Arthur R. Pell, Ph.D., a nationally known author, lecturer, and consultant in human resources management and an expert in applying Hill's thought, deftly interweaves anecdotes of how contemporary millionaires and billionaires, such as Bill Gates, Mary Kay Ash, Dave Thomas, and Sir John Templeton, achieved their wealth. Outmoded or arcane terminology and examples are faithfully refreshed to preclude any stumbling blocks to a new generation of readers.

Source: Think and Grow Rich: The Landmark Bestseller--Now Revised and Updated for the 21st Century
Think and Grow Rich: The Landmark Bestseller--Now Revised and Updated for the 21st Century

Read more...

Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth

Monday, March 15, 2010

SECRETS OF THE MILLIONAIRE MIND reveals the missing link between wanting success and achieving it!
Have you ever wondered why some people seem to get rich easily, while others are destined for a life of financial struggle? Is the difference found in their education, intelligence, skills, timing, work habits, contacts, luck, or their choice of jobs, businesses, or investments?
The shocking answer is: None of the above!
In his groundbreaking SECRETS OF THE MILLIONAIRE MIND, T. Harv Eker states: "Give me five minutes, and I can predict your financial future for the rest of your life!" Eker does this by identifying your "money and success blueprint." We all have a personal money blueprint ingrained in our subconscious minds, and it is this blueprint, more than anything, that will determine our financial lives. You can know everything about marketing, sales, negotiations, stocks, real estate, and the world of finance, but if your money blueprint is not set for a high level of success, you will never have a lot of money -- and if somehow you do, you will most likely lose it! The good news is that now you can actually reset your money blueprint to create natural and automatic success.
SECRETS OF THE MILLIONAIRE MIND is two books in one. Part I explains how your money blueprint works. Through Eker's rare combination of street smarts, humor, and heart, you will learn how your childhood influences have shaped your financial destiny. You will also learn how to identify your own money blueprint and "revise" it to not only create success but, more important, to keep and continually grow it.
In Part II you will be introduced to seventeen "Wealth Files," which describe exactly how rich people think and act differently than most poor and middle-class people. Each Wealth File includes action steps for you to practice in the real world in order to dramatically increase your income and accumulate wealth.
If you are not doing as well financially as you would like, you will have to change your money blueprint. Unfortunately your current money blueprint will tend to stay with you for the rest of your life, unless you identify and revise it, and that's exactly what you will do with the help of this extraordinary book. According to T. Harv Eker, it's simple. If you think like rich people think and do what rich people do, chances are you'll get rich too!

Source: Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth
Secrets Of The Millionaire Mind - Mastering The Inner Game Of Wealth

Read more...

The One Minute Millionaire: The Enlightened Way to Wealth

Sunday, March 14, 2010

Is it possible to make a million dollars in only one minute?
The answer just might surprise you.

In this New York Times bestseller, Mark Victor Hansen, the mastermind behind the 65-million-copy Chicken Soup series, and Robert G. Allen, a pioneer in bestselling wealth-creation books, share their revolutionary approach to building wealth and present a powerful program for self-discovery.

The One Minute Millionaire will show you how to:
•Create wealth even when you have nothing to start with
•Use the power of leverage to build wealth rapidly
•Overcome fears so that you can take reasonable risks
•Use “one minute” habits to build wealth over the long term

The lessons in The One Minute Millionaire are not just about becoming a millionaire–they are about how to ethically make, keep, and share your wealth. Whether your goal is less than a million dollars or that amount many times over, there’s never been a better time to achieve abundance. In these turbulent times, these lessons will show you how to recover from financial loss and rebound with renewed enthusiasm into financial security and prosperity. Let The One Minute Millionaire show you the way.

Source: The One Minute Millionaire: The Enlightened Way to Wealth
The One Minute Millionaire: The Enlightened Way to Wealth

Read more...

You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits

Saturday, March 13, 2010

Fund manager Joel Greenblatt has been beating the Dow (with returns of 50 percent a year) for more than a decade. And now, in this highly accessible guide, he's going to show you how to do it, too. You're about to discover investment opportunities that portfolio managers, business-school professors, and top investment experts regularly miss -- uncharted areas where the individual investor has a huge advantage over the Wall Street wizards. Here is your personal treasure map to special situations in which big profits are possible, including:
* Spin-offs * Restructurings * Merger Securities
* Mergers * Rights Offerings * Recapitalizations
* Bankruptcies * Risk Arbitrage

This is a practical and easy-to-use investment reference, filled with case studies, important background information, and all the tools you'll need. All it takes is a little extra time and effort -- and you can be a stock market genius.

From the Publisher

Can a book teach you how to beat the pants off the stock market? After all, billion-dollar portfolio managers can't do it -- and if they can't, they figure no one can. Business-school professors not only say it's impossible, but they can cart out plenty of statistics to prove it. So, why should you buy this book? Because Joel Greenblatt has been beating the pants off the stock market (with returns of 50 percent a year) for more than ten years. And now he's willing to show you how to do it, too.
Here, in this witty and accessible guide, you'll learn the secret hiding places of stock market profits. You'll see how simple it is to succeed where the professionals and the professors have failed. No special tools are required. No degrees are needed. All it takes is a little time and a little effort, and You Can Be a Stock Market Genius.
But who's Joel Greenblatt and why should you listen to him? He's the former chairman of a Fortune 500 company and founder of Gotham Capital, an investment partnership whose stock portfolio achieved returns of $52 for each $1 invested at its inception. Now he's ready to reveal all his secrets.
This book will show you how to uncover the investment opportunities that the experts are actually trained to miss. You'll learn the hidden value and the incredible profits that lie waiting in those uncharted areas where the individual investor has a huge advantage over the Wall Street pros. This is not a book full of theoretical possibilities; You Can Be a Stock Market Genius is a practical guide to finding those special situations in which big profits are possible. It's all here, including specific case studies, the background information you need, and the tools you'll use. If you're an investor who wants to beat the market, you've come to the right place. If you want to be a stock market genius, just think of this book as your personal treasure map to the secret hiding places of the stock market profits that you've been looking for.

Source: You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits
You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits



Read more...

The Business of Value Investing

Friday, March 12, 2010

A blueprint to successful value investing
Successful value investors have an ingrained mental framework through which all investments decisions are made. This framework, which stems from the father of value investing, Benjamin Graham-who believed that investment is most intelligent when it is most businesslike-can put you in a better position to improve the overall performance of your portfolio.
Written by Sham Gad-founder of the Gad Partners Funds, a value-focused investment partnership inspired by the 1950s Buffett Partnerships-The Business of Value Investing effectively examines the fundamental tenants of this approach and skillfully illustrates the six essential elements of the entire process. Opening with some informative discussions of how value investing focuses more on buying a piece of a business, and less on buying a company's stock, this reliable resource quickly moves on to detail exactly what it takes to become a successful value investor.

  • Outlines the six essential elements required for a successful risk averse value investment approach
  • Contains case studies that illustrate how to approach investing in an intelligent, businesslike fashion
  • Walks you through the pitfalls that most investors initially fall into
With The Business of Value Investing as your guide, you'll quickly become familiar with one of the most effective investment strategies ever created.

Source: The Business of Value Investing: Six Essential Elements to Buying Companies Like Warren Buffett
The Business of Value Investing: Six Essential Elements to Buying Companies Like Warren Buffett

Read more...

Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing

Thursday, March 11, 2010

A detailed look at how Warren Buffett really invests
In this engaging new book, author Prem Jain extracts Warren Buffett's wisdom from his writings, Berkshire Hathaway financial statements, and his letters to shareholders and partners in his partnership firms-thousands of pages written over the last fifty years. Jain uncovers the key elements of Buffett's approach that every investor should be aware of.
With Buffett Beyond Value, you'll learn that, contrary to popular belief, Warren Buffett is not a pure value investor, but a unique thinker who combines the principles of both value and growth investing strategies. You'll also discover why understanding CEOs is more important than studying financial metrics; and why you need an appropriate psychological temperament to be a successful investor.

  • Reveals Buffett's multifaceted investment principles
  • Discusses how Buffett thinks differently from others about portfolio diversification, market efficiency, and corporate governance
  • Highlights how you can build a diverse and profitable investment portfolio
With this book as your guide, you'll learn how to successfully invest like Warren Buffett.

Source: Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing
Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing

Read more...

Wealth Creation: A Systems Mindset for Building and Investing in Businesses for the Long Term

Wednesday, March 10, 2010

Wealth creation insights by the creator of the company life-cycle framework known as the CFROI valuation model.
Investors searching for companies whose future profitability will far exceed that implied in current stock prices, those in business making decisions to improve company performance, and politicians crafting legislation-all use some form of a wealth creation framework.
In this book, author Bartley Madden addresses how to think about the complex dynamics in generating wealth and the practical benefits to be gained from upgrading one's wealth creation framework. Throughout these pages, Madden shares six critical insights:

  • A systems mindset focuses not so much on the individual pieces of a system, but on how all the pieces work together to achieve the goal envisioned for the system. The systems way of thinking described in Wealth Creation helps to avoid unintended, bad consequences, and to generate insights for leveraging change that produces big gains in wealth
  • Economic systems -- the rules and relationships that exist to create wealth by delivering value to customers -- are devilishly complex and therefore solving economic problems requires extensive knowledge. Seen in this light, knowledge growth and wealth creation are two sides of the same coin.
  • A prerequisite to making better buy/hold/sell investment decisions and business judgments is an improved understanding of how wealth is created. An especially useful approach described in this book is to connect business firms' financial performance to stock prices via the firms' competitive life-cycle framework
  • A deeper understanding of business firms makes it plain that customers, employees, and shareholders have mutual, long-term interests. In other words, a free-market system geared to serving customers through competition is a system in which participants share the wealth that is jointly created
  • There is a huge opportunity for sustained, higher economic growth through voluntary initiatives by the private sector. One initiative involves an accelerated implementation of lean management, which was pioneered by Toyota. This is a systems approach that continually purges waste and optimizes the use of resources in delivering value to customers
  • The other initiative concerns improved corporate governance. The wealth creation principles discussed in this book offer a blueprint for boards of directors to vastly improve how they fulfill their responsibility to shareholders, and in so doing, improve the performance of corporate America
These ideas have taken shape as a natural outgrowth of a commercial research program that began in 1969 at Callard, Madden & Associates focused on how to value business firms. It produced the CFROI (cash-flow-return-on-investment) metric and its related life-cycle valuation model. This work was further advanced at HOLT Value Associates, which was later acquired by Credit Suisse in 2002. Credit Suisse HOLT continues the research to improve the valuation tools and related global database that analyzes 20,000 companies in over 60 countries. This system is used by a large number of institutional money management firms worldwide in order to make better investment decisions.

Source: Wealth Creation: A Systems Mindset for Building and Investing in Businesses for the Long Term (Wiley Finance)
Wealth Creation: A Systems Mindset for Building and Investing in Businesses for the Long Term (Wiley Finance)

Read more...

Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!

Tuesday, March 9, 2010

Phil Town is now a very wealthy man, but he wasn't always. In fact, he was living on a salary of $4000 a year when some well-timed advice launched him down a highway of investing self-education that revealed what the true "rules" are and how to make them work in one's favor. Chief among them, of course, is "rule #1": "don't lose money." Other rules are: don't diversify...think like an owner, not an investor ... never, ever be seduced into thinking the market is efficient. Town also believes strongly in "betting on the jockey," putting your faith in managers who've proven their financial mettle. Not only does Town reveal fresh methods for identifying who the truly reliable managers are, but he shows you how to test whether they really have faith in the businesses they're running.

By far, the most controversial of the audiobook's assertions will be that giant 401(k) type mutual funds can't help but regress to the mean, and in the next twenty years, the mean could be very disappointing indeed. There's a very real chance that a 401(k) investor could see his holdings not grow at all in the next few decades. Fortunately, Town's stockpicking techniques are meant to walk investing phobes through the do-it-yourself process, equipping them with the tools they need to make quantum leaps toward financial security.

Rule #1 says something new, and it says it in a way that every listener can understand.

Source: Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!
Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!

Read more...

Your Money or Your Life

Monday, March 8, 2010

"The seminal guide to the new morality of personal money management" (Los Angeles Times(on the first edition))

In an age of great economic uncertainty when everyone is concerned about money and how they spend what they have, this new edition of the bestselling Your Money or Your Life is an essential read. With updated resources, an easy-to-use index, and anecdotes and examples particularly relevant today-it tells you how to:

• get out of debt and develop savings
• reorder material priorities and live well for less
• resolve inner conflicts between values and lifestyle
• save the planet while saving money
• and much more

In Your Money or Your Life, Vicki Robin shows readers how to gain control of their money and finally begin to make a life, rather than just make a living.

Source: Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Revised and Updated for the 21st Century
Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Revised and Updated for the 21st Century (Paperback)

Read more...

Payback Time: Making Big Money Is the Best Revenge!

Sunday, March 7, 2010

Phil Town’s first book, the #1 New York Times bestseller Rule #1, was a guide to stock trading for people who believe they lack the knowledge to trade.  But because many people aren’t ready to go from mutual funds directly into trading without understanding investing—for the long term – he created Payback Time.

Too often, people see long-term investing as “mutual fund contributing” – otherwise known as “long-term hoping.”  But the sad truth is that mutual fund investors are, to a stunning degree, pinning their hopes on an institution that is hopeless.  It turns out that only 4% of fund managers consistently beat the S&P 500 index over the long term, which means that 96% of fund investors see a smaller return on their nest egg than a chimpanzee who simply buys stocks in the 500 biggest companies in America and watches what happens.

But it’s worse than that.  The net effect of hitching your wagon to mutual funds is that over a lifetime they’ll fritter away as much 60% of your nest egg in fees.  Once you understand how funds engineer this, you’ll rush  to invest on your own.

Payback Time’s risk-free approach is called “stockpiling” and it’s how billionaires get rich in bad markets.  It’s a set of rules for investing (not trading but investing) in the right businesses at the right time -- rules that will ensure you make the big money.

Source: Payback Time: Making Big Money Is the Best Revenge!
Payback Time: Making Big Money Is the Best Revenge!

Read more...

No One Would Listen: A True Financial Thriller

Saturday, March 6, 2010

No One Would Listen is the exclusive story of the Harry Markopolos-lead investigation into Bernie Madoff and his $65 billion Ponzi scheme. While a lot has been written about Madoff's scam, few actually know how Markopolos and his team-affectionately called "The Fox Hounds" by Markopolos himself, uncovered what Madoff was doing years before this financial disaster reached its pinnacle. Unfortunately, no one listened, until the damage of the world's largest financial fraud ever was irreversible.
Since that time, Markopolos openly has testified and questioned the enforcement and fraud investigation capabilities of the Securities and Exchange Commission (SEC), shared a sliver of this page-turning story with 60 Minutes, and become perhaps the world's most visible and insightful whistleblower on fraud and conflicts of interest in financial markets.
Throughout the book, Markopolos and his Fox Hounds tell their first-hand story of investigating Madoff-with the help of bestselling author David Fisher. They explain how they discovered the fraud, and then how they provided credible and detailed evidence to major newspapers and the Securities and Exchange Commission (SEC) many times between 2000 and 2008, only to have his warnings ignored repeatedly by the SEC.

  • Provides a firsthand account of how Markopolos uncovered Madoff's scam years before it actually fell apart
  • Discusses how the SEC missed the red flags raised by Markopolos
  • Describes how Madoff was enabled by investors and fiduciaries alike
  • The only book to tell the story of Madoff's scam and the SEC's failings by those who saw both first hand
Despite repeated written and verbal warnings to the SEC by Harry Markopolos, Bernie Madoff was allowed to continue his operations. No One Would Listen paints a vivid portrait of Markopolos and his determined team of financial sleuths, and what impact they will have on financial markets and financial regulation for decades to come.

Source: No One Would Listen: A True Financial Thriller
No One Would Listen: A True Financial Thriller

Read more...

Dependence --> Independence --> Interdependence

Wednesday, March 3, 2010



We each begin life as an infant, totally dependent on others. We are directed, nurtured, and sustained by others. Without this nurturing, we would only live for a few hours or a few days at the most.
Then gradually, over the ensuring months and years, we become more and more independent - physically, mentally, emotionally, and financially - until eventually we can essentially take care of ourselves, becoming inner-directed and self-reliant.
As we continue to grow and mature, we become increasingly aware that all of nature is interdependent, that there is an ecological system that governs nature, including society. We further discover that the higher reaches of our nature have to do with our relationships with others - that human life also is interdependent.
On the maturity continuum, dependence is the paradigm of you - you take care of me; you come through for me; you didn't come through; I blame you for the results.
Independence is the paradigm of I- I can do it; I am responsible; I am self-reliant; I can choose.
Interdependence is the paradigm of we- we can do it; we can cooperate; we can combine our talents and abilities and create something greater together.

Source: The 7 Habits of Highly Effective People
The Seven Habits of Highly Effective People

Read more...

12 Ways of Winning People to Your Way of Thinking

Monday, March 1, 2010

Rule 1: The only way to get the best of an argument is to avoid it.
Rule 2: Show respect for the other person's opinions. Never say, "You're wrong."
Rule 3: If you are wrong, admit it quickly and emphatically.
Rule 4: Begin in a friendly way.
Rule 5: Get the other person saying "yes, yes"" immediately.
Rule 6: Let the other person do a great deal of the talking.
Rule 7: Let the other person feel that the idea is his or hers.
Rule 8: Try honestly to see things from the other person's point of view.
Rule 9: Be sympathetic with the other person's ideas and desires.
Rule 10: Appeal to the nobler motives.
Rule 11: Dramatize your ideas.
Rule 12: Throw down a challenge.

Source: How to Win Friends and Influence People
How to Win Friends and Influence People

Read more...

About This Blog

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~ =)

Labels

  © Blogger template Brownium by Ourblogtemplates.com 2009

Back to TOP