Business & Investing Personal Finance

The One Minute Millionaire

By Mark Victor Hansen and Robert G. Allen

One Minute MillionaireThe One Minute Millionaire: The Enlightened Way to Wealth : We learn it in kindergarten: You should always share. But somehow, on the way to adulthood, we lose our desire to share, especially when it comes to money.

When there is an abundance of anything, sharing is not an issue and a rich person is one who has more than enough. We want to get you started on having more than enough money by providing the tools and a path (our system) that can help you achieve your financial goals. Our desire is to provide you with solid building blocks for the abundant life that you were meant to have. When it happens to you, we believe you will naturally want to share with others.

When you share your wealth, you are acting like a honeybee, whose primary objective is to obtain nectar to make honey. While in the process of going after the nectar, the honeybee is actually involved in a much larger purpose, cross-pollinating the rooted botanicals. This cross-pollination, or sharing, is far more important than making honey because it results in a beautiful, bountiful garden.

By sharing your wealth, both in knowledge and in cash, you

become an enlightened millionaire. Like the honeybee, you can actually affect positive change in the world for the benefit of all humankind.

So how do you begin building wealth? Our best-selling book, “The One Minute Millionaire: The Enlightened Way to Wealth,” will start you on your way to having more than enough money so you can give back and help others succeed along with you. It will teach you to:

* Create wealth, even when you have little or nothing to start with.

* Use the power of leverage to build wealth rapidly.

* Overcome fears so you can take reasonable risks.

* Use “one-minute” habits to build wealth over the long term.

The One Minute Millionaire is a revolutionary approach to building wealth and a powerful program for self discovery as well. Read More Reviews Here…

Business & Investing Personal Finance

Rich Dad Poor Dad

By Robert Kiyosaki

Rich Dad Poor DadRich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! : A lot of people have read Robert Kiyosaki’s books (and he has a lot of them), but this is the one that started them all.

I think what endears people to Rich Dad Poor Dad is the story. It seems to me that whenever a non-fiction book teaches with stories, it does very well. So, if you’re going to write a non-fiction book, weave your info into a story.

Rich Dad Poor Dad is the story of Robert learning the habits of the rich from his best friend’s dad. Robert’s own dad was a highly paid, highly educated government official, but who ended up poor (this is his “poor dad”). His best friend’s dad was not highly educated, but he started lots of businesses, bought lots of real estate, and invested in stocks. He is “rich dad”.

Some lessons or themes that keep coming up:

*School prepares you for a job while financial education prepares you for better financial habits that lead to a more prosperous life

*The rich invest in ways that the poor and middle class do not

*The rich invest in assets that produce class flow, and then reinvest that cash flow into other assets

*The poor invest in liabilities, or things that take money out of their pockets

*The middle class tend to go to school, get a job, buy everything on credit, get raises, then buy bigger houses and nicer cars, under-save and under-invest, and then retire on less than what they should have.

*There are 3 kinds of income:
-Earned income (what you make when you’re there)
-Passive income (money that comes to you when you’re not there…that can come through businesses, real estate income, intellectual property, etc)
-Portfolio income (money that also comes when you’re not there…but specifically from stocks, mutual funds, and other such paper investments)

As it turns out, Robert didn’t go on to become a rich guy too soon into his adult years, like his best buddy did. Robert went into the Navy to learn how to sail ships, then to the Marines to fly helicopters in the Vietnam war. I might have the timeline wrong, but he he was a top-selling Xerox sales rep for several years. And then he went on to start a successful business importing/selling those Velcro nylon surfer wallets from the eighties. Remember those? After a few years, that business went bust.

Eventually he made the jump into buying assets…income producing real estate…and within 8 to 10 years, he and is wife retired. Then six months later he came out of retirement to start his financial education business…which includes his books, board games, tapes, seminars, etc. In reality, it sounds like he’s started a whole ton of other businesses too, but that’s what I’ve pieced together from other books of his that I’ve read. Notice that most of his activities center around passive income?

It’s a great and easy read and should shock you out of your usual way of looking at money. Another one of his books that I like a lot is one he didn’t even write by himself…aptly named “Success Stories”. It’s a collection stories by many of Robert’s students that have taken his advice and who started businesses or are collecting assets that produce cash flow.

There’s so much more that can be said, but it’s time for you to start the adventure of reading a new book. Try to think of “Rich Dad Poor Dad” as financial education; it will make the purchase that much easier to justify. Read More Reviews Here…