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...

Today is 1 January 2011(western calendar: 3 February 2011), according to the Chinese lunar calendar, the year of the rabbit starts from today. The date for the Chinese New Year is different every year if you are using a western calendar, but normally falls between January and February. The Chinese New Year is also the time for family reunion, and it is the Chinese equivalent of Christmas celebrations in western countries. The Chinese New Year is also called Spring Festival and it is the biggest day for celebration in mainland China, Hong Kong, Taiwan, South Korea, North Korea and Singapore. Chinese New Year is also one of the five major celebration days in Malaysia. The Rabbit Years: Years 1891, 1903, 1915, 1927, 1939, 1951, 1963, 1975, 1987, 1999, 2011, 2023, 2035, 2047, 2059, 2071, 2083, 2095, 2107... Characters of People Born in the Year of the Rabbit: It is said that people who are born in the year of the rabbit are the luckiest of all among the 12 Chinese zod...

When you are starting a new company, there are several entities to choose from. Currently in the USA, there are six entities available for the entrepreneurs to choose. The Rich Dad's advisor, Garrett Sutton , the corporate attorney explains which are the bad entities, which are the good entities to choose and explains the reasons behind these. To succeed in business, to protect your assets and to limit your liabilities, you will want to select one of the good entities. Each good entities has its own advantages and disadvantages and has its own specific use. Each one of these good entities is utilized by the rich and the knowledgeable in their business and personal financial affairs. 1. Sole Proprietorship. Garrett Sutton says Sole Proprietorship is a B ad Entity , as this provides no asset protection for the owner. One lawsuit against your business, and your house, savings, and personal assets can all be lost. 2. General Partnership. Garrett Sutton says General Pa...