7 posts tagged with "book-summary"

According to rich dad, there are few bad investments that you should cut

Bad Investments​

1. world's tour by cutting your job
2. divorce loyal wife for young girl
3. buy expensive car

Increase expense decrease income??​

Means, u have to invest everything you have. Profit has to be reinvested so that no tax cuts.

Good Investment​

1. books and seminars those make you knowledgeable
2. hire employee so that they does monotonous job and you get free time to do meaning full work
3. knowledge compounds with time
4. invest in your self as much as you can - on knowledge

3E​

Acquire Three E

1. Education - financial knowledge
2. investment without knowledge is gambling
3. know how to read companies financial statement p0account - this can be turning point in your career
4. excess cash : don't keep

Investing is not risky : Be an inside investor Never sell stock : Buy only the ones you think is your own company

Who is Mature?​

Mature person is the one who owns to his or other actions and tries to fix it rather complain about it.

Why to be mature​

Understand this with an example I ordered a room cooler with online store croma.com, the cooler wasn't working hence i asked for replacement, the pick up man came and bluntly said they only pick packed boxex. The tone was so rude that I immediately replied him that I was not informed about this before, hence he left and i shut the door.

A week passed and still i was struggling to get my cooler pickedup.

If I had shown maturity at the time of first visit I could have enjoyed writing this blog sitting in front of Havells Tuono 18 Litres Personal Air Cooler (Thermal Overload Protection, GHRACBCW180, Mint Blue)

How to be mature?​

So collecting the points from all over the internet on how to be mature?

1. Take responsibility

2. Never complaint

3. Don't gossip

4. list 5 weakness of your self

5. leave ego and fear - when you are young you always put your ego first,and as you grow you realize ego always did harm

6. never seek attention - when you do good work - automatically you get loads of praise

7. stop lying on small things

8. balance emotional+ rational mind

9. react calmly to rejection

10. keep child within you alive do ask questions

#learnings Ok

Ego is the Enemy​

All people are in these three stages 1) Aspire 2) Success 3) failure

Like happiness and sad is seen on face Ego is seen in behavior

Aspire:Like gov exam preprare, etc This is most tough - as its exciting and tough( it easy to do big task) Silence is rare: jyada bolne aur sochne se energy waste hoti he

PEOPLE DONT CARE about you as much as you think

You cant build a Reputation based on what you ae going to do -Henry Ford

when you are not practicing - some else is . Think less do more - via action

2) Success If you cant swallow your pride, you cant lead Its hard to stay at top

Keep your identity small Never think about your money, property , fame or position - keep doing what brought you here

Its important to be humble

3) Failure Its normal to fail ALive time - when you are learning Dead time - when you are not learning

Talent === sweeping (you need to sweep floor daily otherwise it will be dirty similarly you need to practise skills daily)

#learnings

Atomic Habits - by james clear​

Aggregation of marginal gains gives compounding results over the years​

Example: Uk cycling team did marginal improvements and won back to back medals in 2008 and 2012 breaking 100 years curse.

Goals vs system.

Follow system if you want to retain long term goals.

• Outcome based habit- less effective

• Identity based- more effective examples i am non smoker

• Decide what type of person you want to be and start behaving that way and start marginal improvements there.

Habit Formation:​

Cue - make them visible easily accessible Example while reading books keep them near you and use bookmarks Craving - attractive Response - Reward - make them satisfactory and visible rewards

Visually measure your progress is very effective. Habit tracking is important.

Human brain like challenges but only those which are optimal for our capacity. Example: play tennis with 10yr kid - get bored Play with serena williams- loose motivation

Hence we need to pick a lil more than our comfortable zone.

Boredom kills ambition- but expert says successful people change

#learnings

Thank You

Timing is never right​

Rule5

Ask for forgiveness not permission Learn from your mistakes, dont wait for others to come and guide you on this don't give other people opportunity to say No or deny you an opportunity

Strengths are more powerful than weakness - so focus on strengths, rather than trying to fix weakness

too much money can be a problem, answer is not always money

get away from distress as soon as you can

FEAR: There are people who are unhappy but still continuing the JOB, expecting things will change

Elimnate fear:

Dreamlining:

No way you can fail if you are more powerful than everyone

FINISH : a practical guide to get rid of perfectionism trap​

"One goal at a time"

1) Choose what to bomb write a not-to-do list of things that are distracting you from achieving this one goal

2) Make it fun if you want it done two things are important in achieving goals a. satisfaction b. performance success

To enjoy the process there are two motivatio

Reward motivation : jaise ki body banane pe gf milegi Fear motivation : jaise ki mota hone pe health kharab hogi

Identify important factor which motivates you and use that to enjoy the process of achieving goals

3) Leave your hiding places and ignore noble obstacles

hiding place - is an activity you focus on instead of your goal noble obstacle - eg: i am waiting for good quality camera before start a shoot etc

DONE IS BETTER THAN PERFECT Chase progress than perfection

What ever you want to do, publish first version - however bad it may be - and then keep improving it , but its really really required to get the first work done.

so 1) make not to do list 2) enjoy journey 3) get rid of intelligent excuses

#learnings

Crush It​

Thanks to social media, anyone can now turn their passion into their profession. Crush it is taking your passion seriously and follow below steps to nail it:

• In order to profit from your passion, you have to turn yourself into a brand.
• Pick a medium that fits you to tell stories people want to hear.
• Always be authentic in your content.

Personal Brand is must in whatever you are doing for this Century , its hard to see you survive in coming time if you are not a brand of what you do good.

#learnings