The author tells the story of his childhood, which was divided between the advice of his father, the academic professor referred to in the book as the “poor dad”, and the advice of his friend Mike’s father, the savvy businessman referred to in the book as the “rich dad”. The book recounts the author’s childhood as he learns how to obtain and acquire money, constantly comparing the academic situation of his own father with the practical business situation of his friend’s father.
At the beginning of the book, the authors compare two types of wealthy people. The first group inherited their wealth and grew up with high incomes, becoming wealthy because of their financial inheritance. The second group is made up of people who built themselves up from nothing, climbing from the bottom to the top. They found that self-made millionaires tend to live more modestly relative to their income because their goal is to increase their wealth by saving and investing their money. In contrast, those who inherited their wealth tend to live a lifestyle that is higher than their monthly income, relying on appearances that can quickly collapse with economic downturns.
is a collection of short stories that provide practical guidance and steps for controlling your expenses and achieving wealth. It also directs you on how to build wealth from scratch and become a provider for yourself in your old age. “You must save at least one-tenth of your earnings, and this should not be less regardless of how modest your income may be. Wealth, like a tree, grows from a tiny seed. It will grow as a man makes an effort to do so.” The book contains seven ways to manage expenses properly.
The book “Think and Grow Rich” by Napoleon Hill emphasizes that all wealth and achievement begins with an idea. Wealth is often the result of transforming an idea from something that exists only in our minds into something that can serve others and that people are willing to pay for. This requires self-motivation, organized planning, a strategic mindset, and internal harmony between your thoughts, actions, and achievements throughout your life. To be successful and in control of your life, you must first control your thoughts and be realistic about achieving your goals
There are 17 principles of wealth in The Secrets of the Millionaire Mind, here are some of them:
- The rich believe “I create my life”, while the poor believe “life happens to me”.
- The rich play the money game to win, while the poor play the money game to not lose.
- The rich are committed to being rich, while the poor want to be rich.
- The rich dream big dreams, while the poor dream small dreams.
- The rich focus on opportunities, while the poor focus on obstacles.
- The rich take action despite fear, while the poor let fear stop them.
- The rich have their money work hard for them, while the poor work hard for money.
- The rich get paid based on results, while the poor get paid based on time.
- What do I really want to achieve? (Vision)
- How important is it to me? (Values)
- How will I achieve it? (Methods)
- What is holding me back? (Obstacles)
- How will I know I have succeeded? (Measurement)
“Anthony” told me that the quality of my life depends on the quality of my questions. So I quickly started planning everything in my life, work, and future by asking myself these five questions and answering them, and recording those answers. The result was amazing.
The book outlines a path for anyone who wants to manage their money and achieve financial security by following seven steps in order. Here they are:
- Start an emergency fund.
- Begin the debt snowball.
- Finish the emergency fund.
- Invest 15% of your income for retirement.
- Save for your children’s college fund.
- Pay off your home mortgage.
- Build wealth.
Did you know that in order to be a successful lifelong investor, it doesn’t require extraordinary intelligence or high-level abilities, nor does it require searching for company-related information? Rather, it requires a sound mind capable of making appropriate decisions away from emotions. This is actually what the book offers you, as it clearly and accurately outlines the parameters of thought in general. Why the smart investor? Because the investor is smart in the first place if he knows how to deal with his emotions, which can be the reason for pushing him towards adventure. You will find these questions and more in this rich content book, where you will find an answer to all your questions. The author lays down the fundamentals of proper investment along with
Find the following explained in simple English without technical terms:
- The accounting equation and why it’s important
- How to read and prepare financial statements
- How to calculate and interpret various financial ratios
- The underlying concepts and assumptions behind generally accepted accounting principles (GAAP)
- Preparing journal entries with debit and credit
- Cash basis vs accrual basis
- Inventory and cost of goods sold
- How to calculate depreciation and amortization expenses
The world of accounting can be intimidating. Whether you’re a manager, business owner, ambitious entrepreneur, or studying an accounting course, you’ll need to know the basics… but you might be confused by complex accounting textbooks. The Accounting Game presents financial information in an extremely simple format, and unlike common accounting textbooks, you may forget that you’re learning skills that will help you move forward! Using a lemonade stand world for children to teach the basics of money management, this book makes a dry subject fun and understandable. While running your own stand, you’ll start to understand and apply financial terms and concepts like assets, liabilities, profits, inventory, and accounts payable.
You’ll become wiser and better equipped to make the best decisions for your company, family, and yourself.
- The ins and outs behind key business decisions
- Underutilized tax and legal strategies that could save you thousands
- Choosing the right legal entity for your business
- Common legal fraud and deception schemes to avoid
- Protecting your assets and planning for retirement
- Problems are illustrated with entertaining real-world examples.
We are now in the information age, which offers many opportunities to increase financial returns more than any other age. Only business owners, traders, and investors can identify and optimize these opportunities. To achieve success, one needs information about the four ways to earn income. What are these ways and how can we achieve success through them? The different ways to earn money require different ways of thinking, technical skills, educational methods, and different types of people. Therefore, different people are attracted to different quadrants
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