Tuesday 19 April 2011

What kind of books do you read?

I am fascinated with reading books. My library has different variety of books. I do read on a regular basis. With gadgets like kindle I think I am spoiled with lots of choice with plenty of digital readings. Our life now has become more simple isn't it?

Do let me know what kind of books do you read or what's your wish list or recently what have you read?

The Richest man in Babylon by George S. Clason



A classic written around 1926.



Our prosperity as a nation depends upon the personal financial prosperity of each of us as individuals.

This book deals with the personal successes of each of us. Success means accomplishments as the result of our own efforts and abilities. Proper preparation is the key to our success. Our acts can be no wiser than our thoughts. Our thinking can be no wiser than our understanding.

This book of cures for lean purses has been termed a guide to financial understanding. That, indeed, is its purpose: to offer those who are ambitious for financial success an insight which will aid them to acquire money, to keep money and to make their surpluses earn more money.

1. Money is the medium by which earthly success is measured.

2. Money makes possible the enjoyment of the best the earth affords.

3. Money is plentiful for those who understand the simple laws which govern its acquisition.

4. Money is governed today by the same laws which controlled it when prosperous men thronged the streets of Babylon, six thousand years ago.


THE FIVE LAWS OF GOLD

I. Gold cometh gladly and in increasing quantity to any man who will put by not less than One-tenth of his earnings to create an estate for his future and that of his family.


II. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.


III. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.


IV. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.


V. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.


LO, MONEY IS PLENTIFUL FOR THOSE WHO UNDERSTAND THE SIMPLE RULES OF ITS ACQUISITION

1. Start thy purse to fattening
2. Control thy expenditures
3. Make thy gold multiply
4. Guard thy treasures from loss
5. Make of thy dwelling a profitable investment
6. Insure a future income
7. Increase thy ability to earn

The book is full of  financial wisdom. If you need a free copy of this 72 page book, do send me a mail to consult4wealthcreation@gmail.com  its worth reading it quite often. You can also get Richest Man In Babylon  online or from your nearest bookstore. 


Monday 18 April 2011

Book Review on Rich Dad Poor Dad


Rich Dad Poor Dad is a book by Robert Kiyosaki and Sharon Lechter. It advocates financial independence through investing, real estate, owning businesses, and the use of finance protection tactics.
It is written in an anecdotal manner and is aimed at creating public interest in finance.[citation needed] Kiyosaki and Lechter stress the advocacy of owning the system or means of production, rather than being an employee as a recurring theme in the book`s chapters.

The book is largely based on Kiyosaki`s upbringing and education in Hawaii. The book highlights the different attitudes to money, work and life of these two men, and how they in turn influenced key decisions in Kiyosaki`s life.

Among some of the book`s topics are:

  • the value of financial intelligence 
  • How to create passive income
  • that corporations spend first, then pay taxes, while individuals must pay taxes first
  • that corporations are artificial entities that anyone can use, but the poor usually don`t know how

According to Kiyosaki and Lechter, wealth is measured as the number of days the income from your assets will sustain you, and financial independence is achieved when your monthly income from assets exceeds your monthly expenses. Each dad had a different way of teaching his son.

Its an excellent book for those who seek literacy on finance and investments. If you have not read so far, time to grab a copy from your nearest book store or Get Rich Dad Poor Dad online.
 


Thursday 14 April 2011

The ultimate quest for knowledge

Book reading is one of the top most priorities in m y life. Having picked up this habit at a very early stage in my life, it has given me lots of satisfaction.

Being a Wealth Mentor, reading various books on Wealth Creation strategies, Autobiographies of rich and famous,  mind set of Millionaires has opened up my mind to a greater extent.

I will be listing out the books I have read and some reviews and expect you to share your views and opinions.