Shannon's Blog

I read this book in 2010, and I have decided to write a summary to remind me what are the key points in this book. The author, Jim Rohn's strategies for becoming wealthy and happy are outlined below. Strategy 1, Unleash the Power of Goals. G oal setting is very important in order to achieve what you want in your life. Strategy 2, Seek Knowledge. This is the path to wisdom. Strategy 3, Learn How to Change. Change yourself through personal development. Strategy 4, Control Your Finances. Strive to achieve your financial freedom. Strategy 5, Master Time. We  know time is money, learn how to manage your time in a smart way. Strategy 6, Surround Yourself with Winners. Decide who do you want to spend your time with and who do you want to dissociate with. Strategy 7, Learn the Art of Living Well. We can often review these strategies quickly to remind ourselves how to achieve our dreams.

I read this book in 2007, it is one of my favorite personal financial books of all time. Robert Kiyosaki is one of the most influential people in my life; his books have completely changed my mindset about money and wealth creation. I have bought and read about 20 books by Robert Kiyosaki and his advisers. The below diagram is his famous Cashflow Quadrant. E stands for: Employee S stands for: Self - Employed B Stands for: Business Owner I Stands for: Investor You are belong to one of these quadrants depend on which quadrants that you are generating your income from. You can belong to more than one quadrant at the same time.  For example you can be an employee or self -employed and at the same time you can also be an investor. A business owner owns a system that work for them. The richest people in the world belong to this quadrant such as Bill Gates, Warren Buffett, Richard Branson, Larry Page and Mark Zuckerberg. He said the right side is the rich ground, due to tax ...

Think and Grow Rich  by Napoleon Hill is one of my favourite books and it is one of the all time best-selling personal financial books in the world. I read this book in March 2007. I love it so much that I decided to write a review of it on my blog so I can come back and remind myself of the main points and be inspired any time, anywhere in the world. I rated this book five stars at Amazon. I know some people have read this book more than 10 times and some even more! It's amazing to see how popular this book is. This book seeks to inspire people to remember the motto “I am the master of my fate and the captain of my soul!” It has guided and helped millions of people who are searching for definite goals and purposes in their life and who want to become rich. Napoleon Hill's question to you is “What genius lies asleep in your brain?” What do you want most in your life? Is it money, fame, power, contentment, happiness or love? This book is based on over 25 years of resea...

This is a book that the author heavily advertises his Millionaire Mind Intensive and other seminars, however, he points out 17 Wealth Files that can inspire many people. Wealth File #1: Rich people believe “I create my life.” Poor people believe “Life happens to me.” Wealth File #2: Rich people play the money game to win. Poor people play the money game to not lose. Wealth File #3: Rich people are committed to being rich. Poor people want to be rich. Wealth File #4: Rich people think big. Poor people think small. Wealth File #5: Rich people focus on opportunities. Poor people focus on obstacles. Wealth File #6: Rich people admire other rich and successful people. Poor people resent rich and successful people. Wealth File #7: Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people. Wealth File #8: Rich People are willing to promote themselves and their value. Poor people think negatively about selling and promo...

This is the latest book published by the New York Time's best selling author of Rich Dad, Poor Dad Robert Kiyosaki. He states that year 2010 was the best year for his entire life, despite the fact that it is the worst year for millions of people around the world. During the last few years, millions of people have lost their jobs, trillions of dollars have wiped off from the global stock markets and people's pension pots have been shrank by half. Then why Robert Kiyosaki and the rich are becoming richer and richer , while the poor is becoming poorer and poorer? Why even some of the middle class have fallen into the poor class? Robert Kiyosaki states that this is because he has superior financial education than most people. He has made his fortune during the bad times, while millions around world are struggling. He can see opportunities as a real capitalist, while others only see the danger. He decided to write this book not to brag about his good fortune, but to financ...

This book is the result of the author, Robert Kiyosaki 's life time research. He believes that the US government is controlled by the multinational corporations, which is controlled by the rich people. The rich want us to “Go to school, study hard, get a degree and find a good job.”- the Poor Dad's philosophy. The rich want us to become good employees, so we can work hard for them. Then the government can get paid in the form of tax and our pensions are invested in the stock markets by purchasing the shares of multinational corporations, which makes the rich becoming even richer. Robert Kiyosaki emphasize that financial education is more than important ever in this information age and he states that the rules of money has been changed. New Rule of Money #1: Money is knowledge Today, you do not need money to make money, all you need is good knowledge. The information age has created many young billionaires more than ever before. This includes the founder of Microsoft, Bi...

I read The 7 Habits of Highly Effective People in March 2007, however I loved it so much that I decided to write a review about it this year. This wonderful book is very inspirational and summarises the 7 habits you need as follows: Habit 1: Be Proactive. The difference between people who exercise initiative and those who don't is a 5000-plus percent difference in effectiveness. It takes initiative to develop the Seven Habits and each depends on the development of a person's proactive muscles. Habit 2: Begin With the End in Mind. Imagine that you are attending your own funeral, you saw your family, friends and colleagues were there. What would you like them to say about you? What character, contributions and achievements would you want people to remember about you? This habit has reminded me the of story of how the Nobel Prize was founded. Alfred Nobel was a chemist, engineer and inventor. He amassed a fortune during his lifetime mostly through his 355 inventions in...

The book “Millionaire Next Door” was published in 1996, since then it has surprised many of the people who have read it, and I was certainly not an exception. Just like you , I was surprised to read that in the USA, many millionaire-like people, who live in big houses in posh areas, drive luxury European or sports cars, wear very expensive suits and clothes, go on luxury foreign holidays and send their children to private schools are not necessarily multi-millionaires. These people may be affluent, but they tend to have lower net worth and their lifestyles are based on hyper-consumption. This book revealed that most millionaires are ordinary looking people who could be living next door to you and they are frugal, frugal, frugal. Most of these types of millionaires are self employed business owners, who started their businesses with nothing. You would not easily recognise these people as multi-millionaires as they dress just like you, shop in the same st...

Rich Dad, Poor Dad by Robert Kiyosaki, is one of the best books I have ever read in my life. It was a New York Times best seller and the most famous book by the author. The first time I read it was in May 2008, I read it again this year and even decided to write a review to remind me of the golden rules of the rich. I started to read the Rich Dad series in 2007 with Rich Dad's Cash Flow Quadrant, since then I have bought 14 books from the Rich Dad's series and his advisor's books. Personally I do not like to read the same book twice, but Rich Dad books are exceptional, I have read many of them twice, and every time I read it I always pick up something new or spot something I did not realise at first reading or have already forgotten. I am a big fan of Rich Dad and I rated this book five stars at Amazon. Rich Dad, Poor Dad book is very inspirational and one of the best mindset books you can ever read; he combined stories and also used simple English to make it easy t...

Robert Kiyosaki is one of the most influential people in financial education in the world, he educates people to become multi-millionaires and to be rich. Money working for money is the philosophy of the rich and wealthy and that's how all the greatest wealth has been created. Rich Dad's Guide to Investing is another excellent book regarding this subject and I rated this book five stars at Amazon. If you have read Rich Dad books you are aware of his famous four cash flow quadrants; Left Quadrant: E: Employees and S: Self Employed; Right Quadrant: B: Business Owners and I: Investors. Robert Kiyosaki says that the right quadrant is the area of wealth where all the wealthiest people are operating from. In order to become truly wealthy it is necessary to create assets, (own businesses) build a system as a business owner and acquire assets ( as investor) with your business. He says that most investors never get very rich as they invest individually rather than investing a...

Then how about the stock market? The stock market has slumped and millions have lost more than half of their pensions last year! Did you know that we can make money when stocks go up as well as down, you may have heard of Hedge Fund companies. George Soros, the billionaire investor and author made more than $1billion in 2008, (the year of the worst recession since the great depression in 1930s) while other prestigious companies went bankrupt? Some people may have heard of black Monday on October 1987, the day of the stock market crash, but it was one of the best days for some professional traders like James B. Rogers, who made millions on a single day. How about businesses? Microsoft was started during a recession and has become one of the most successful companies to date. Facebook was valued at $10billion in 2009 compared to $3.8 billion in 2008, an increase in value of 263%, compare this to the industrial giants, two of the “Big Three”- Chrysler and General Motors recently f...

Brian Tracy, one of world's most inspirational speaker and author once said that every one of us should write down a goal to become a millionaire and he claims it has become even easier due to the internet and technology development. He also said that if you want to become a lawyer you study law, if you want to become an accountant you study accounting and if you want to become a millionaire you should study money and rich people. So why not study rich and successful people, who have already been there? Personally, I believe Robert Kiyosaki is the best financial educator in the world, Robert and his books have inspired and influenced millions of people around the globe and helped them become rich. I decided to make him my mentor, despite the fact I have never met or spoke to him in my life. They say if you want to be rich, just copy the formula used by rich people, so I decided to copy his formula for my journey. All his books are written based on his own experience of buildin...

I first listened to Rich Dad, Poor Dad 2: Cash Flow Quadrant - Rich Dad's Guide to Financial Freedom (rated 5 stars by readers in Amazon) by Robert Kiyosaki in early 2007 and then bought his New York Times best seller, Rich Dad, Poor Dad . Since then I have read and listened to 12 Rich Dad or his advisor's books and CDs and I will be buying more of his books in the future. Despite the fact that I have spent less than £80 on his books the value that I got from his books is definitely and massively more than what I paid for my Master of Business Administration (MBA) course, which cost me around £8,000 in 2002. The value that I got from his inspirational books is tremendous and priceless; he taught be how to think outside the box and completely changed my mindset. My MBA taught me nothing about money and investment, while Robert Kiyosaki's books taught me everything about wealth, money and the power of leverage. I have learned the truth about the rich, why the rich are...