Summary: Rich dad, poor dad – Robert Kiyosaki and Sharon Lechter

Summary, Rich dad, poor dad - Robert Kiyosaki and Sharon Lechter


Most people fall into the trap of building liabilities without realizing that’s what they are doing, they are financially illiterate, and fail to understand the difference between an income statement and a balance sheet, and the relationship between the two.

Having a good career only helps a person become more financially secure if they invest the additional money generated in the purchase of income generating assets. What constitutes an asset? An asset is anything that: Has value. Produces income. Appreciates in value and has a ready market for resale.

An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.

Specialization is a trap that should be avoided. It’s more beneficial to know a little about a lot of business subjects than to know everything there is to know everything about just one area. By having a broad business background, you have more options available to you.

‘‘Do what you feel in your heart to be right — for you’ll be criticized anyway. You’ll be damned if you do, and damned if you don’t.’’

The rich look at a loss as a temporary setback. The poor look at a loss as a permanent state of affairs.  “I always try and turn every disaster into an opportunity.’’ –John D. Rockefeller

As a general rule, successful friends will enjoy talking about money — it will be a subject they’re interested in and well read on. By contrast, unsuccessful friends will often avoid the subject like the plague –you’ll learn by observing what they do than you will by discussing things with them.

 Make your investments freehold. Whenever you make an investment, your first goal (naturally) is to buy something that will increase in value. As that occurs, liquidate part of your position until your original capital has been repaid. You can now stop worrying about market fluctuations, because your capital has been returned. At this happy point, your asset is now completely freehold. Any further gains are the icing on the cake, or if the asset starts to lose value, it really won’t impact on your financial health — it will just delay the accomplishment of financial wealth.


Summary: The Richest Man in Babylon

The Richest Man in Babylon - George Clason
The basic principles of effective money management are: Save at least 10-percent of all that you earn for an investment fund for the future. Learn to live on 90-percent or less of your income. Invest your accumulated capital into projects that will provide a safe, steady income, taking full advantage of compounding of the interest received. Invest only in areas in which you have expertise or with people who are experienced. Buy the house in which you live so you don’t waste any money on rent. Have a realistic insurance program Always keep working at various ways and means of increasing your income.

Anyone who is struggling under the burden of debt lacks any ability to think rationally, and to accumulate wealth. It is much more productive to take positive action and get out of debt before embarking on any program to accumulate wealth.

People create their own luck by the level of work and commitment they put into a project.

Money represents success only through its ability to provide freedom to do things. It is not an end in and of itself – only a means to an end. The possession of sufficient amounts of capital makes possible the enjoyment of the very best services and goods the world has to offer.

‘‘A man’s wealth is not in the purse he carries. A fat purse quickly empties if there be no golden stream to refill it. Arkad has an income that constantly keeps his purse full, no matter how liberally he spends.’’ –Kobbi

The key principle at the very foundation of any program designed to generate wealth is at least one-tenth of all that a person earns is theirs to keep.

Anyone with a desire to accumulate wealth and put it to good use requires two things:

– Time. All men actually have this in abundance, but only a few put it to use making themselves wealthy. Instead of looking for constructive, useful ways to apply the resource of time, many people fill their lives with diverse activities which simply help them to pass the time.

– Study. There are two kinds of learning that are useful to anyone seeking to generate wealth – learning about specific subjects and learning how to find out what is not commonly known about any topic. Both kinds of learning are useful and valuable.


There are several basic principles which apply to the acquisition of wealth:

  • Live on less than you earn.
  • Seek advice from those who are competent to give it through their own experiences.
  • The accumulation of wealth moves forward much quicker when a person allows the effect of compound interest to work in their favour. Instead of frittering away the interest received on capital accumulated, put that interest out to work in other projects which have the potential to earn additional income.
  • The accumulation of wealth should be an exciting and adventurous project rather than a source of misery. Make the journey into an adventure and start enjoying that now,
  • Life is full of many good things which are worthwhile and good value for money. Don’t become so focused on saving that you miss out on all the good things there are to enjoy along the way.

‘‘Wealth, like a tree, grows from a tiny seed. The first copper you save is the seed from which your tree of wealth shall grow. The sooner you plant that seed, the sooner the tree shall grow. And the more faithfully you nourish and water that tree with consistent savings, the sooner you may bask in contentment beneath its shade.’’


  1. Start thy purse to fattening
  2. Control thy expenditure
  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

While it is highly satisfying to have a regular savings program, this is just the start of a wealth accumulation program. The trick is to put that gold out to work in other projects which will generate additional earnings. A key to any man’s wealth is the establishment of an ongoing income stream which can generate wealth irrespective of any other factors. In this regard, capital reserves accumulated through savings should be applied to other profitable projects.

The ideal characteristics of an investment are that the principal is safe, it can be reclaimed whenever required and it earns a fair rental.

THE FIVE LAWS OF GOLD The five laws of gold are the secrets of success which separate wealth builders from all others.

  1. Gold comes greadily in increasing amounts to any person who will save not less than one-tenth of their earnings to create an estate for the future well being of their family.
  2. Gold labours diligently for the person who wisely selects a profitable way to apply it.
  3. Gold clings to the possession of the cautious investor who seeks the advice of people with investment experience.
  4. Gold slips away from the person who invests in business fields which are unfamiliar or which are not used by those without experience in investments.
  5. Gold flees the person who forces it to try and generate impossible earnings or who follows the advice of tricksters or confidence men, or who trusts it to his own inexperience and romantic desires in investment.

THE GOLD LENDER OF BABYLON In the field of investment, it is far better to have a little prudent caution than to end up with nothing but regrets. Whenever a person starts to accumulate wealth, they will be beseiged by people who are anxious to use that money in their own endeavours. Out of the proverbial woodwork will come numerous projects and proposals, all with the common aim of separating the possessor from their capital. There are several things to avoid when considering any business proposals: Some of the most persistent people seeking funding usually are close family members. Most of these projects will turn out to have only a marginal chance of succeeding at best, and more likely most projects will have virtually no likelihood of success at all. Even worse, if you invest in a family member’s project that does not succeed, the borrower will resent you even more. It’s a no-win situation that should be avoided at all costs. The safest loans are made to people who have possessions far outweighing the value of the loan required. In this situation, the lender can act secure in the knowledge that other assets can be sold to repay the loan if required. People in the throes of great emotional upheavals rarely make good investment decisions. Avoid them. People who borrow for successful business projects tend to be absolutely prompt in their repayments. People who borrow to repay money lost through their indiscretions rarely make a habit of promptly making repayments. Merchants who have knowledge and experience in their field of trade make excellent credit risks. By financing the business activities of these merchants, wealth is generated for the entire city. Capital reserves have a way of slipping away from anyone unskilled in applying it wisely. Therefore, first seek security of the principal when evaluating any investment proposition. Next look for safe, dependable and steady ways to make the capital increase.

The person who spends freely and lives beyond his means sows the winds of needless self-indulgence from which he is sure to reap trouble and humiliation.

Anyone who is struggling under the burden of debt lacks any ability to think rationally, and to accumulate wealth. It is much more productive to take positive action and get out of debt before embarking on any program to accumulate wealth.

‘‘That man who keepeth in his purse both gold and silver that he need not spend is good to his family and loyal to his king. The man who hath but a few coppers in his purse is indifferent to his family and indifferent to his king. But the man who hath naught in his purse is unkind to his family and is disloyal to his king, for his own heart is bitter. Therefore, the man who wisheth to achieve must have coin that he may keep to jingle in his purse, that he have in his heart love for his family and loyalty to his king.’’ –Mathon

People who work hard tend to attract the company of other people who are also industrious. This, in turn, leads to other associations and creates other opportunities and business arrangements.




The Social Capitalist: Passion and Profits – Josh Lannon

The Social Capitalist - Josh Lannon

We raised the capital, created new jobs, designed a business that made sense, grew a healthy bottom line, and assisted people in the process. We are Social Capitalists

Social Capitalists have the strength to face problems that send others running. We know that the government can’t solve all our problems. We know that they can’t give our power away by becoming dependent on governments and large corporations for our well-being. We take charge of our own lives, and create our own solutions while creating a path for financial security, putting ourselves and others the fast track toward financial freedom.

If you were to take a leap of faith, to follow your heart, your passion, and your intuition, what could happen? What would the results of this be five years from now? And if you did nothing, what would those results be in five years?

“There are lots of 501(c)3’s out there that are currently operating off the kind of model that says, ‘I’m doing good in the world, but I’ve got to go to foundations and get money from them in order to keep doing what I’m doing,’” says Holthouse. “But that model is a dinosaur, and it isn’t going to last much longer. Every group that wants to address a social issue is going to have to operate like a real business. They’ll have to operate with budgets, revenues, and services that they provide. They’ll have to operate as any business would. The profits may not be distributed to shareholders, but would be reinvested back into the organization so that it can increase the number of people it serves or improve the quality by which it serves people.”

“I think social entrepreneurs share the trait that we don’t think we should need to starve to make a difference,” says R. Christine Hershey,

“One of the reasons we haven’t solved the world’s biggest problems is that folks in those sectors are underfunded.”

The triple-bottom-line philosophy comes up frequently in discussions of social entrepreneurship. The three prongs of this triple bottom line are typically referred to as “the 3 P’s”: People, Planet, and Profit. Social enterprises aspire to a bottom line that achieves social mission, benefits or does no harm to the planet, and still earns a profit.

For us, our triple bottom line morphed into “social value, profit, and freedom”

“I thought I’d put med school off for a couple of years, but obviously that’s become indefinite,” says Kreece, reflecting on the triple-bottom-line social enterprise which, in September 2003, became incorporated as Better World Books, Inc.

I think the biggest social enterprise in the world might be Google, because social organizations improve the world by their existence and are absolutely profit-maximizing.”

The government was not designed to financially support people. Governments were designed to create laws that protect entrepreneurs. Businesses are designed to provide jobs, goods, and services, which contribute to the GDP and provide value to humanity and the economy.

A major mistake people often make is by asking the wrong person for advice. We would not ask a three-time divorced individual for marriage advice, or an employee about becoming an entrepreneur. Choose your advisors carefully.

“Lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty,”

Starting a business takes a tremendous amount of time, energy and dedication. While having a newborn, working 12 hour shifts, plus working on the business times full time, throwing in the towel may have seemed like a easy way out. But to have the freedom we wanted and to be a part of the solution, I knew we had to keep going.

So if we’re going to give you any advice about becoming a Social Capitalist, here it is: Find your why, dedicate everything to it, and trust the process. In the end, your “why” is the most important thing you’ll have, and it will change your life forever.

Thought If your motivation to work is money, you are a slave to money. If you’re working to achieve a mission, you are free. Money is just a by-product of doing something you love and feel connected to.

For us, obviously, the fight against addiction is personal and dear to us. It wouldn’t make sense for us to open an animal rescue center or improve irrigation systems in third-world countries. Although very important, we are not driven to invest the countless amount of time, energy, and passion that would be required to launch those enterprises. Hearing about a problem, following your family’s passion, or being moved by it doesn’t mean it’s the best foundation upon which to build your own social enterprise. Our point here is that it must be personal for you, something tied to your heart, your memories, your passion, and your history. Fight your fight, not somebody else’s.

So addiction was both our nemesis and our driving force.

In a study about the mindset of children toward people with disabilities, Harvard psychologist Ellen Langer visited a school and presented children in several classrooms with a picture of someone in a wheelchair. She asked the children, “Can this person drive a car?” Overwhelmingly, as you can imagine, their answer was “no.” Then, she visited different classrooms, and in these, she changed the question to, “How can this person drive a car?” Well, as children typically do, they were able to provide Langer with a multitude of creative answers to that question.

We didn’t just want a different life, or desire wealth. We chose it. It’s an incredibly empowering idea. That one little distinction, that one-word difference portrays a canyon-sized chasm between wishing for something and making it happen. We chose this life; we made a declaration, took control, and commanded the universe to provide that for us. Choice became our way of life. And that word had a trickle-down effect in all aspects of our lives. We choose the words we use, the thoughts we have, and the actions we take.

We realized that once we chose to be rich, not only did it set us on a course of continual lifelong learning; it affected every other choice we made. From where we worked to how we spent our time, to the people we associated with, to our unwillingness to let failure of any sort stop us, we had made a choice and we weren’t going back on it. To us, putting our choice into action, making the tough decisions, doing the difficult things was what it meant to choose to be rich, in health, wealth, and happiness.

So here are our tips for identifying, and successfully fighting, your fight:

  1. Take at least ten minutes and write down what makes you upset. Then ask yourself, “Why?” If you ask that enough times, you will discover your core fight.
  2. Look at the words you use. Write a list of words you use repeatedly. We all have words that take over our vocabularies, our “go-to” words. They are called parasite words. Are you addicted to them? Ask yourself, “Are these words giving me energy or taking energy away?” Then choose words that give you power, words that heal and change how you think. You’ll be surprised at the benefits this will have on you and those around you

“What investors want is the equivalent of lighting a match in a room where a propane tank has been open for 20 minutes.” – Jon Carson, CEO and Chairman,

The not-for-profit (or nonprofit) corporation is familiar to most. Upon obtaining a 501(c)(3) designation (named after the applicable IRS code section), certain tax benefits are granted. Contributions by supporters are tax-deductible. Any monies raised by the nonprofit are tax-exempt. So a 501(c)(3) charity that raises $10,000 from each of its ten donors won’t pay taxes on the $100,000 raised, and the ten donors will each get a tax deduction on that $10,000 contribution. A nonprofit that pursues a clearly defined charitable purpose and follows all the rules will be fine. But there are certain restrictions that limit the usefulness of nonprofit corporations. First, they can’t distribute their profits, which makes it impossible to attract investors. You will never hear someone say: “You can’t believe the dividends I’m raking in from Ronald McDonald House!” It simply doesn’t work that way. As a contributor to a 501(c)(3) nonprofit corporation, your dividends are spiritual (doing good) and practical (reducing your income tax bill), but they are not actual (cash back). Additionally, in spite of the United Way scandal pertaining to misuse of funds, nonprofits must limit the amounts they pay their employees. Thus, it’s much harder for nonprofits to bring in, benefit, and keep talented people. Social Capitalists seeking to solve big hairy problems will need the best and the brightest, and they are going to have to pay them. The need for world-class human capital makes nonprofits unsuited for the big challenge. Finally, the nonprofit rules limit activities that generate revenue. Sustainable and expanding operations that are the norm in the private sector are severely restricted by the federal tax laws in the nonprofit realm. So the need to attract investors, pay talented people, and grow a business, along with the need to benefit groups other than exclusively shareholders, led to the creation of the Benefit Corporation.

“One of the big things I learned is that there are really two kinds of learning. When most Americans think of education, they immediately jump to school—reading, writing, and math, the great equalizers. But when you do the research and see the studies, academic success has almost no correlation to life success. There’s some, but hardly any.


Outwitting The Devil – Napoleon Hill

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As inconsistent as it may seem, you will learn more about how to succeed from the failure than you will from the so-called successes. They will teach you what not to do.

My experience taught me that a man is never quite so near success as when that which he calls “failure” has overtaken him, for it is on occasions of this sort that he is forced to think. If he thinks accurately, and with persistence, he discovers that so-called failure usually is nothing more than a signal to re-arm himself with a new plan or purpose. Most real failures are due to limitations which men set up in their own minds.  If they had the courage to go one step further, they would discover the error.

I Receive Strange “Orders” from a Strange Source

My instructions began in this fashion:

“You are now completely in charge of your other self’ You are entitled to know that two entities occupy your body, as in fact similar entities occupy the body of each living person no on earth.

One of these entities is motivated by and responds to the impulse of fear. The other is motivated by and responds to the impulse of faith. For more than you have been driven a year like a slave, by the fear entity.

My first royalty check from the sale of my books was for $850. As I opened the envelope in which it came my “other self” said. our only limitation is the one which you set in up your own mind!”

“Your only limitation is the one which ou set up in your own mind!”

Above everything else, get this fact clearly fixed in your mind, that your other self will not do your work for you; it will only guide you intelligently in achieving for yourself the objects of your desires.Will you be guided by faith? or will you allow fear to overtake you?


“Failure A Blessing in Disguise”

I have made another discovery as the result of this introduction to my “other self,” namely, that there is a solution for every legitimate problem, no matter how difficult the problem may seem.

I have also discovered that there comes with every experience of temporary defeat, and every failure and every form of adversity, the seed of an equivalent benefit.

Mind I did not say the full-blown flower of success, you, but the seed from which that flower may be made to germinate and I know of no exception to this rule. The seed of grow, which I speak may not always be observed, but you may be sure it is there, in one form or another.

“Every great leader of the past, whose record I have examined, was beset by difficulties and met with temporary defeat before ‘arriving.’”

Since this “other self” took charge of me, I have come by useful knowledge which I am sure I never would have discovered while my old fear entity was on the throne. For one thing I have learned that those who meet with difficulties which seem insurmountable may, if they will do so, best overcome these difficulties by forgetting them for a time and helping others who have greater problems.


A New Way to Pray

My other self has taught me to concentrate upon my purpose and to forget about the plan by which it is to be attained when I go to prayer. I am not suggesting that material objects may be acquired without plans. What I am saying is that the power which translates one’s thoughts or desires into realities has its source in an Infinite Intelligence which knows more about plans than the one doing the praying.

Stating the case in another way, may it not be wise, when praying, to trust to the Universal Mind to hand over the plan best suited for the attainment of the object of that prayer? My experience with prayer has taught me that so often all which results from prayer is a plan (if the is answered all), a plan that is suited for the attainment of object of the prayer through natural and material media. The plan must be transmuted, through self effort action.

I know nothing about form of prayer which can be any induced to work favorably in a mind that is colored, in the slightest degree, by fear.

Since becoming better acquainted with my other self, my way of praying is different from what it was before. I used to go to prayer only when facing difficulty. Now I go to prayer before difficulty overtakes me, when possible. I now pray, not for more of this world’s goods and greater blessings, but to be worthy of that which I already have. I find that this plan is better than the old one.

Infinite Intelligence seems not at all offended when I give thanks and show that I am grateful for the blessings which have crowned my efforts. I was astounded, when I first tried this plan of offering a prayer of thanks for what I already possessed, to discover what a vast fortune I had owned without being appreciative of it.

For example, I discovered that I possessed a sound body which had never been seriously damaged by illness. I had a mind which was reasonably well balanced. I had a creative imagination through which I could render useful service to great numbers of people. I was blessed with all the freedom I desired, in both body and mind. I possessed an imperishable desire to help others who were less fortunate. I discovered that happiness, the highest aim of mankind, was mine for the taking, business depression or no business depression.

Last, but by no means least, I discovered that I had the privilege of approaching Infinite Intelligence, either for the purpose of offering thanks for what I already possessed, or to ask for more, and for  guidance.

Is prayer a part of your life? Do God to “hand over you trust the plan best suited for the attainment of the object” of your Prayer? Do you acknowledge that in order for your plan to be successful you must take action?


A As I have already told you, poverty is always my friend because it discourages independence of thought and encouages fear in the minds of men. Some wealthy men serve my cause while others do me great damage, depending upon how the wealth is used. The great Rockefeller fortune, for example, is one of my worst enemies.

Q That is interesting. Your Majesty: will you tell me why you fear the Rockefeller fortune more than others?

A The Rockefeller money is being used to isolate and conquer diseases of the physical body, in all parts of the world. Disease has always been one of my most effective weapons. The fear of ill health is second only to the fear of poverty. The Rockefeller money is uncovering new secrets of nature in a hundred different directions, all of which are designed to help men take and keep possession of their own minds. It is encouraging new and better methods of feeding, clothing, and housing people. It is wiping out the slums in the large cities, the places where my favorite allies are found. It is financing campaigns for better government and helping to wipe out dishonesty in politics. It is helping to set higher standards in business  practice and encouraging business men to conduct business by the Golden Rule; and that is not doing my cause any good.

Q You say you have corrupted the minds of the young people with liquor and cigarettes. I can understand how liquor might destroy the power of independent thought but do not see what cigarettes have to do with helping your cause.

A You may not know it, but cigarettes break down the power of persistence: they destroy the power of endurance; they destroy the ability to concentrate; they deaden and undermine the imaginative faculty, and help in other ways to keep people from using their minds most effectively. Do you know I have millions of people young and old, of both sexes, who smoke two packages of cigarettes a day? That means I have millions of people who are gradually destroying their power of resistance.

One day I shall add to their habit of cigarette smoking other thought-destroying habits, until I shall have gained control of their minds. Habits come in triplets, and quadruplets. Any habit pairs, which weakens one’s will power invites a flock of its relatives to move in take possession of the mind. The cigarette habit and not only lowers the power of resistance and discourages persistence, but it invites looseness in other human relationships.

Q Go ahead and tell me more of the methods by which you cause people to drift to hell with you!

A I cause people to drift on subject through which I even can control independent thought and action:


Health, for example I cause most people to eat too much food and the wrong sort of food. This leads to indigestion and destroys the power of accurate thought If the public school and the churches taught children more about proper eating, they would do my cause irreparable damage.

Marriage: I cause men and women to drift into marriage without plan or purpose designed to convert the relationship into harmony. Here is one of my most effective methods of converting people into the habit of drifting I cause named people to bicker and nag one another over money matters I cause them to quarrel over the bringing up of their children. I engage them in unpleasant controversies over their intimate relationships and in disagreements over friends and social activities. I keep them so busy finding fault with one another that they never have time to do anything else long enough to break the habit of drifting.

Occupation: I teach people to become drifters by causing to drift out of school into the first job they find, with no definite aim or purpose except to make a living. Though this trick I keep millions of people in fear of poverty all their lives. Through this fear I lead them slowly but surely onward until they reach the point beyond which no individual ever has broken the drifting habit.

Savings: I cause people to spend freely and to save sparingly or not at all, until I take complete control of them through their fear poverty.

Environment: I cause people to dirt into inharmonious and unpleasant environments in the home, in their places of occupation in their relationship with relatives and acquaintances, and to remain there until I claim them through the habit of rifting.

Dominating Thoughts: I cause people to drift into the habit of thinking negative thoughts. This leads to negative acts and involves people in controversies and ills their minds with fears, thus paving the way for me to enter and control their minds when I move in, I do so by appealing to people through negative thoughts which they believe to be their own. I plant the seeds of negative thought in the minds of people through the pulpit, the newspapers, the moving pictures, the radio, and all other popular methods of appeal to the mind I cause people to allow me to do their thinking for them because they are too lazy and too indifferent to think for themselves.

Q I conclude from what you say that drifting and procrastination are the same. Is that true?

A Yes, that is.  Any habit which causes one to procrastinate, to put off reaching a definite decision, leads to the habit of drifting.

Q Go ahead and describe a typical drifter.  Give your description point by point so I can recognize a drifter when I see him.

  • A The first thing you will notice about a drifter is his total lack of a major purpose in life.
  • He will be conspicuous by his lack of self-confidence.
  • He will never accomplish anything requiring thought and effort.
  • He spends all he and more too, if he can get credit.
  • He will be sick or ailing from some real or imaginary cause, and calling to high heaven if he suffers the least physical pain.
  • He will have little or no imagination.


Q What brief message would you send to the typical drifter if you wished to cure him of this evil habit?

A I would admonish him to wake up and give!

Q Give what?

A Some form of service useful to as many people as possible.

Q So the non-drifter is supposed to give, is he?

A Yes, if he expects to get! And he must give before he gets!


Everyone will be given a job or fed from the government treasury. When men’s bellies are filled, they drift freely with one who does the filling. Hungry men get out from under control.

Q Your Majesty has given me a clear description of drifting. Tell me what must be done to insure against the habit of drifting I want a complete formula that anyone can use.


A protection against drifting lies within easy reach of every human being who has a normal body and a sound mind. The self-defense can be applied through these simple methods:


  1. Do own thinking on all occasions. The fact that the human beings are given complete control over nothing save the power to think their own thoughts is laden with signifcance.
  2.  Decide definitely what you want from life; then create a plan for attaining it and be willing to sacrifice everything else, if necessary, rather than accept permanent defeat.
  3.  Analyze temporary defeat, no matter of what nature or cause, and extract from it the seed of an equivalent advantage
  4.  Be willing to render useful service equivalent to the value of all material things you demand of life, and render the service first.
  5.  Recognize that your brain is a receiving set that can be attuned to receive communications from the universal storehouse of Infinite Intelligence, to help you transmute your desires into their physical equivalent.
  6.  Recognize that your greatest asset is time, the only thing except the power of thought which you own outright, and the one thing which can be shaped into whatever material things you want. Budget your time so none of it is wasted.
  7.  Recognize the truth that fear generally is a filler with which the Devil occupies the unused portion of your mind. It is only a state of mind which control by filling the you can space it occupies with faith in your ability to make life provide you with whatever you demand of it.
  8.  When you pray, do not beg! Demand what you want and insist upon getting exactly that, with no substitutes.
  9.  Recognize that life is a cruel taskmaster and that either you master it or it masters you. There is no halfway or compromising point. Never accept from life anything you do not want. If that which you do not want is temporarily forced upon you, you can refuse, in your own mind, to accept it and it will make way for the thing you do want.
  10.  Lastly, remember that your dominating thoughts attract through a definite law of nature, by the shortest and most convenient route, their physical counterpart. Be careful what your thoughts dwell upon.

A The law of hypnotic rhythm is available to all who will use it I make use of it more effectively than does my opposition because I offer people more attractive bribes to think my sort of thoughts and indulge in my sort of deeds.

Q In other words, you control people by making negative thinking and destructive deeds pleasing to them, is that correct?

A That is the idea, exactly!


In the rest of the book, Hill discusses these seven principles to attain spiritual, men and physical freedom:

1. Definiteness of purpose

2. Mastery over self

3. Learning from adversity

4. Controlling environmental influence (associations)

5. Time giving permanency to positive, rather than negative thought-habits and developing wisdom)

6. Harmony (acting with definiteness of purpose to become the dominating influence in your own mental, spiritual, and physical environment)

7. Caution (thinking through your plan before you act)



Q Is the habit of definiteness a permanent protection against your control?

A No, not by means. Definiteness closes the door of one’s any mind to me only as long as that person follows the principle as a matter of policy. Once any person hesitates, procrastinates, or becomes indefinite about anything, he is just one step removed from my control.


Q You mean that any plan definitely put into continuous action in pursuit of a definite purpose may be successful even if it is not the best plan?

A Yes, I mean just that. Definiteness of purpose plus definiteness of plan by which the purpose is to be achieved generally succeeds, no matter how weak the plan may be.


Q Can who moves with definiteness of both plan a person and purpose be always sure of success?

A No. The best of plans sometimes misfire, but the person who moves with definiteness recognizes the difference between temporary defeat and failure. When plans fail he substitutes others but he does not change his purpose. He perseveres. Eventually he finds a plan that succeeds

Q Why do the majority of prayers fail?

A They don’t. All prayers bring that for which one prays.

Q But you just said that definiteness of purpose is the only sort of prayer upon which one can rely. Now you say that all prayers bring results. What do you mean?

A There is nothing inconsistent about it. The majority of people who pray go to prayer only after everything else fails them. Naturally they go with their minds filled with fear that the prayers will not be answered. Well, their fears are realized.

The person who goes to prayer with definiteness of purpose and faith in the attainment of that purpose puts into motion the laws of nature which transmute one’s dominating desires into their physical equivalent. That is all there is to prayer.

One form of prayer is negative and brings only negative results. One form is positive and brings definite, positive results. Could anything be more simple?


When you hear a person praying for something that he should procure through his own efforts, you may be sure you are listening to a drifter. Infinite Intelligence favors only those who understand and adapt themselves to her laws. She makes no discrimination because of fine character or pleasing personality. These things help people negotiate their way through life more harmoniously with one another, but the source from which prayer is answered is not impressed by fine feathers. Nature’s law is, “Know what you want, adapt yourself to my laws, and you shall have it.”


Does that harmonize with the teachings of Chris?

A Perfectly. Also it harmonizes with the teachings of all truly great philosophers.

Q Is your theory of definiteness in harmony with the philosophy of men of science?

A Definiteness is the majors difference between a scientist and a drifter. Through the principle of definiteness of purpose and plan.


Q Then it is true that man has rights and privileges not available to either Omnipotence or the peril is that the truth?

A Yes, that is true, but you might well have added that man has not yet fully awakened to the realization of this potential.


Name some of the common forms of sin.

It is sin to overeat because that leads to ill health a to and misery.

It is a sin to over-indulge in sex because that breaks down one’s will power and leads to the habit of drifting.

It is a sin to permit one’s mind to be dominated by negative thoughts of envy, greed, fear, hatred, intolerance, vanity, self pity, or discouragement, because these states of mind lead to the habit of drifting.

It is a sin to cheat, lie, and steal, because these habits destroy self respect, subdue one’s conscience, and lead to unhappiness.

It is a sin to remain in ignorance because that leads to poverty and loss of self reliance.

It is a sin to accept from life anything one does not want because that indicates an unpardonable neglect to use the mind.


Q WHAT PREPARATION MUST ONE UNDERGO before being able to move with definiteness of purpose at all times?

A One must gain mastery over self.This is the second of the seven principles. The person who is not master of himself can never be master of others. Lack of self mastery is, of itself the most destructive form of indefiniteness.


Q How can one master the emotion of sex?

A By the simple process of transmuting that emotion into some form of activity other than copulation. Sex is one of the greatest of all forces which motivate human beings. Because of this fact it is also one of the most dangerous forces. If humans would control their sex desires and transmute them into a driving force with which to carry on their occupation-that is, if they their work one half the time they dissipate in pursuit of they would never know poverty.


Q Do mean by your statement, that one should not you indulge the desire for sex?

A No, I mean that like all other forces available to man sex, should be understood, mastered, and made to serve man.  The desire for is natural as the desire for food sex expression as the desire can no more be killed than one can entirely stop a river from flowing If the emotion of sex is shut off from the natural mode it will break out in some other less desirable form, just as a river will, if dammed, break through and flow around the dam. The person who has self discipline understands the emotion of sex, respects it, and learns to control and transmute it into constructive activities.


Q But isn’t it true that a magnetic speaker often puts himself in the way of opportune to benefit himself by attracting the attention of others through his powers of oratory?

A Yes, a magnetic orator does have an asset of tremendous value in his ability to impress people by his speech, but he cannot make the best use of this asset if he forces his speech on others without their invitation. No single quality adds more to ones personality than the able to speak with emotional feeling force and conviction.


But failure does more than this. It gives an individual an opportunity, to test himself wherein he may learn how much will power he possesses Failure also forces people to learn many truths they would never discover without it Failure often leads an individual to an understanding of the power of self discipline without which no one could turn back after having once been the victim of hypnotic rhythm. Study the lives of all people who achieve outstanding success in any calling and observe, with proof, that their success is usually in exact ratio to their experiences of defeat before succeeding

Q Stay focused on adversity, if you will. If there are possible benefits to be found through adversity, name some of them.

A Adversity relieves people of vanity and egotism. It discourages selfishness by proving that no one can succeed without the cooperation of others.


Adverse forces an individual to test his mental, physical, and spiritual strength it thus brings him face to face with his weaknesses and gives him the opportuniy to bridge them. Adversity forces one to seek ways and means to definite ends by meditation and introspective thought. This often leads to the discovery and use of the sixth sense through which one may communicate with Infinite Intelligence.

Adversity forces one to recognize the need for intelligence not available except from sources outside of ones own mind. Adversity breaks old habits of thought and gives one an opportunity to form new habits, therefore, it may serve to break the hold of hypnotic rhythm and change its operation from negative to positive ends.


Q What benefits may be derived from the loss of material things-money, for example?

A The loss of material things may teach many needed lessons, none greater, however, than the truth that man has control nothing and has no assurance of the permanent use over of anything except his own power of thought.


Q Am I to understand from what you say that every adversity is a blessing?

A No, I did not say that. I said there is the seed of equivalent advantage in every adversity. I did not say there was the full-blown flower of advantage, just the seed. Usually the seed consists of some form of knowledge, some idea or plan, or some opportunity which would not have been available except through the change of thought-habits forced by the adversity.


Q From what infer that time is the friend of the person who trains his mind to follow positive thought-habits and the enemy of the person who drifts into negative thought habits Is that correct?

A That is precisely true. All people can be classified as drifters and non-drifters. Drifters are always at the mercy of the non drifters, and time makes this relationship permanent.

We come, now, near to the end of our visit through this book. If we were to try to state in one brief sentence the most important part of that which I have tried to convey through the book, it would be something like this:

One’s dominating desires can be crystallized into their physical equivalents through definiteness of purpose backed by definiteness of plans, with the aid of nature’s law of hypnotic rhythm and time!



The Top 10 Distinctions Between Entrepreneurs and Employees – Keith Cameron Smith

The Top 10 Distinctions Between Entrepreneurs and Employees


A true entrepreneur adds value to the world and in doing so creates a successful business.

I believe that if you want to impress someone you tell them of your successes, but if you want to impact someone you tell them of your failures.

10:  Entrepreneurs educate themselves more than they entertain themselves.  Employees entertain themselves more than they educate themselves.

Why so many young men and women in the traditional school system have an idea of what they want to be when they are young, but they don’t know ten years later?  I believe the answer is that they have been conditioned to follow orders.  After years of being told what to do, they are asked what they would like to do and they just don’t know.  And you can’t blame them.  Since many of them are not clear on what they want to do, they go to college. They invest years of their time and a lot of money then end up not using their college education and end up in a field that has nothing to do with their schooling. Some may even say they have wasted a lot of time and money by going to college.

Limit your entertainment.  Most of the entertainment in our world is foolishness.  While some can be fun and a momentary release from the pressures of life, much of the entertainment people watch and listen to can cause some of the stress they are experiencing.  Whatever you are consistently putting into your mind is conditioning you for the future you will live.

One of the skills of great entrepreneurs is the ability to network and build relationships… Who do you want to connect with?  How much do you know about their interests?  Educating yourself about the interests of someone you want to build a relationship with is critical.  If there is no common ground, then chances are you won’t build a relationship.

Leadership is influence.  Successful Entrepreneurs are those who have learned how to influence others… You must study and practice the principles of leadership if you want to become a successful entrepreneur.

Inspiration:  True leadership starts with self-leadership.  If you can’t keep yourself inspired, then you can’t inspire others very well.  

Encouragement:  Inspiration usually helps people get started, whereas encouragement usually helps people keep going.

Being discouraged simply means you have lost your focus or changed your focus from what is truly important to you.


9:  Entrepreneurs have en empowering perspective of failure.  Employees see failure as bad.

Never take failure personally… Failure is a verb, not a noun.  Failure is just something you do, it is not something you are.


8:  Entrepreneurs are solution finders.  Employees are problem solvers.

Employees tend to be problem solvers.  When a problem arises that was not covered in their training, they don’t believe it’s their responsibility to fix it.  Entrepreneurs, on the other hand, know that when a problem arises it’s their responsibility to find a solution so they don’t have to waste time and money with it in the future.

Unsuccessful employees will use the excuse that it’s “not my problem” when they don’t know how to solve it, or maybe they are just unwilling to put forth the effort necessary to find a solution.  Successful entrepreneurs operate from a mindset that says “Even though I don’t know how to solve this problem right now, I can figure it out, and I will find a solution no matter how long it takes or how hard it is”.

Success and failure in almost any endeavour can be tracked back to your daily routine.  Most people think that habits are only about what they do, but the things you don’t do are just as important.  In fact a very simple formula for success is to do more of the things that get you closer to your goals and less of the things that keep you from them.

Most professional problems are the result of system failure not people failure.  SYSTEM:  Save Yourself Stress Time Energy and Money.  To find solutions for problems that keep coming over and over you must create systems.
7:  Entrepreneurs know a little about a lot.  Employees know a lot about a little.

6: Entrepreneurs give and receive praise and correction.  Employees don’t praise and try to avoid correction.

5:  Entrepreneurs say “The buck stops here”.  Employees say “It’s not my fault”.

4:  Entrepreneurs build wealth.   Employees make money.

Time is the most valuable asset you have, it is irreplaceable.  With that knowledge, consider for a moment how much time you exchange for money.  Are you exchanging it wisely?  We all have heard “ time is money “, a deeper revelation is that time is life, and when we waste time we waste our lives.

Because of the relationship between time and life it is important to value money.  Make it a priority to learn to manage your money, because your money represents a portion of your life.  When you spend your money on junk, you are, in a very real sense wasting part of your life.

If you don’t value money then you are not likely to have any.  We don’t accumulate things we don’t value. What if I told my wife she is not important to me?  What if I told my kids they are not important to me?  Would they continue to hang around me? Of course not.  Well, the same is true about your money.

“Son, if you want to be great then you must walk side by side and hand in hand with great people.  If you want to be happy, then be around happy people.  If you want to be a drunk, then hang around drunks.  If you want to be rich, then find out what the poor people do and don’t do that”.

3:  Entrepreneurs fly with eagles.   Employees peck around with chickens.

2:  Entrepreneurs look into the future.  Employees look into the past.

Few people understand the power of vision, and that is why most people are employees, not entrepreneurs.  Very little of value happens without vision.  A good marriage doesn’t just happen without a vision to make it happen.  Good heath doesn’t just happen without a vision to make it happen.  Financial freedom doesn’t just happen without a vision to make it happen.  Vision make things happen.  All great entrepreneurs have vision.  Vision is power, it attracts wisdom.

Life is too short to work on a job you hate.

The surest way to waste your life is to live without a vision.  The surest way to enjoy your life is to create a vision that inspires you, stay focused on it, and run with it.  Chose where you want to go, take consistent steps in that direction, and work towards it relentlessly.  Your future can be something you create or something you hate.  Look to the future through the eyes of faith and see where you want to be five, ten, twenty, forty years from now.

1:  Entrepreneurs take risks because of faith.  Employees play it safe because of fear.

FEAR:  False Evidence Appearing Real.

In my Wisdom Creates Freedom workshop, I teach participants to use a powerful question do deal with fear.  When faced with one of your fears ask yourself “ What do I believe to be true that is not true? ”.  As simple as it may sound it works.

A simple way to increase your faith:  Celebrate your successes.  We have all had successes, and if you look, you will find them throughout your life.  Think back to times where you were successful and celebrate them.



Early Retirement Extreme – Jacob Lund Fisker

Early Retirement Extreme - Jacob Lund Fisker


In real life, the prisoners of Plato’s Cave are those who are prisoners or slaves to their wages and their culture.  A wage slave is a wage earner who is entirely dependent on their wages.  While the wage slave is free to leave the current job, he is not free to leave the job market altogether and he can likely not imagine the possibility of doing so.  He is still entirely focused on the wall.

The wall shows other people not as who they are, but as what they own.  There goes a man in his new sports car, what is not seen is that the car is bought on credit and the man is stressed because he is having trouble making the payments.

Wage slaves have jobs where they can go and spend their most productive hours writing high powered memos so they can be more productive, while other people spend their time ignoring memos so they can be more productive too… … This endless working and playing is called “making a living”, yet people are so busy “making a living” that they have no time for living.  A wage slave is a person who is not only economically bound by mortgages, loans, and other obligations, but is also mentally bound by an inability to perceive that there are other options available. Like the prisoners in Plato’s cave.  Their chains are not physicals; the chains are mental, which in some sense makes them worse because it turns the prisoners into their own prison wardens.

Is spending the most productive years of your life chained to the job market to collect a lot of rarely used stuff that gathers dust in the closet or takes up space in junkyards a wise choice?  Were you really born just to die, leaving a large pile of discarded consumer goods? I realize that not wanting a house full of things makes me look weird and even “unpatriotic”.  After all, more is better and who does not want to be better?   But perhaps conformity is not the only way to live.  In fact, by taking the other end of the bargain, saving as much as other people are spending on wants, it is possible to retire and lice on invested savings after just 5 years of full time work.  Rather than increasing the amount of work to acquire more stuff, reducing this superficial need reduces the amount of necessary work.  It is possible to reduce the amount of work all the way down to zero: financial independence.  Indeed, playing the shadow game for five years provides a permanent way out of the cave!  Alternatively it is also possible to return to the cave for a few months every year to earn money for the next adventure out of the cave.

The resulting freedom could be used on personal projects such as reading books, visiting places, entertaining, exploring, cooking, learning, and experiencing.  It can also be used to start businesses, engage in a second career, etc without worrying about having to support oneself.

We have come to a point where spending money is one of the few recognizable signs of success.  For instance, spending half an hour in a traffic jam getting from A to B in an expensive car is considered more successful than spending half an hour in a traffic jam getting from A to B in a cheap car.  I am not sure why that is.  Even more puzzling, both of these are considered more successful than spending 25 minutes getting from A to B on a train, or spending 20 minutes on a bicycle from A to B while passing cars.

Similarly, it is considered more successful to sit on a couch in your home, if there is an additional unused couch in an additional unused room, compared to a house with no unused couches and no unused rooms. In the real estate market, a house with a greater potential for unused rooms generally commands a higher price than a house with fewer but constantly used rooms.  Perhaps there is personal fulfillment to be had in cleaning and maintaining a larger home? Or perhaps the fulfilment comes from paying someone else to do it?

Recently much attention has been paid to great kitchens and great kitchen appliances, while less attention is paid to great cooking and great cooks (except those on TV).  Why boil eggs in a pot when there are 350 varieties of electric egg boilers available?  A common misconception is that money is better or more successfully spent on granite countertops and restaurant strength food processor and burners than on cooking classes and practice.  Who has the time anyway?

This behaviour is pervasive.  People with more money than time buy $3.000 road racing bicycles with ultra light carbon frames to shave 2 pounds of the bike, regardless of the fact that they themselves are probably 10 pounds overweight, and only take a slow ride once a week.  Compare this to the amateur enthusiast with more time than money, who rides every day and thus has the power to ride his much less expensive bike much faster.  Who enjoys more?

For recreation, many believe that saving for a year to drop a large sum on a hectic one-week vacation in an exotic locale is more recreational than staying closer to home and taking a month off to relax.  A hectic tourist experience is considered very successful.

All debt comes with a contractual obligation of repayment, which is usually structured to last 30 years to minimize individual monthly payments, but definitely not to minimize the total number of payments which is maximized by increasing the maturity of the loan as much as possible.  If the maturity is extended in perpetuity, the interest payments become similar to rent (this is rent for loaned money you will have to return anyways).  If the only means of repayment is a job, this means that working must also last 30 years.  This way a single decision just after leaving school turns out into a lifelong commitment that is very hard to escape, given that the borrowed money has been spent into increasing consumption rather than into increasing production.

Salary men have options, but they do not create options. This linearization makes them predictable and subject to indirect control.  This control is exerted by providing a choice within a narrow range.  “You can choose between the following three models of cookie-cutter homes.  You should not modify them or your resale value will be impaired”, “You can chose  between the following two political candidates, you should not vote for others or your vote will be wasted”, “ You can chose between the following 25 heavily advertised breakfast cereals, but don’t think of starting your day with anything but breakfast cereal”, “ Chose the size and type of your TV and the number of channels, but don’t consider not watching TV, or you might miss out”. This gives the illusion of freedom while retaining control.  Wage slavers can choose to change their job, but they are not free to quit their job.

Few people pay cash anymore and “financial success” depends on being good at managing debt.

While the lack of a steady pay check might seem risky, it is actually safer as the working man has been conditioned to the situation of having to find new jobs he actually thinks of them as clients rather than employers, and thus considers it normal. A salary man is rarely without a job, but when he is, it is a high stress event, almost like a death in the family.

Many people spend more time maintaining their homes or their car than the time they spend maintaining their health.  Too many forget that they live in their body first and in their home second.  After all, where else are you going to live? Hence, taking care of the body should be the priority before taking care of the rest of the world.

Financial skills are important.  In particular, they become increasingly important for anyone who accumulates more and more assets.  It’s strange how specialists gladly spend a great deal of time perfecting their skills to pursue a five percent raise, while at the same time there is a fatalistic tendency to accept whatever investment strategies are currently fashionable on Wall Street when it comes to generating passive income.

Focusing on utility rather than consumer products or instructions is a key tactic.  Success is then redefined from accumulating and consuming the maximum number of products or the most expensive products to deriving the maximum utility.

You must be willing to change your frame of mind and conquer old habits.  In particular you must be willing to do things that 95% of the population won’t be able to understand and 99% won’t be willing to do.   Freedom is attained by creating a large gap between production ( revenue ) and consumption ( expenses ). This can be done in two ways: earning more or spending less. Nothing new there.

Giving up wants can be as though or easy as going on a diet, giving up smoking, or changing other habits dependent on strength of character.  However, doing without is often thought of as a sacrifice, especially when strongly attached to material comforts.  It is quickly realized ( about a month ) that happiness does not stem from being surrounded by possessions, but that being surrounded by them is the result of an addictive habit.  Thus, it can be tremendously liberating to not “need” something to be happy.

Notice how possessions tend to increase and expand to cover all possible closet and storage space.  Sooner or later the house will feel cramped with clutter.  This happens when storage becomes inefficient and more and more effort has to be put into playing Tetris with your stuff.  At this point consumers start talking about the “need” for more bedrooms.  These bedrooms are costly.  Not only are bigger houses more expensive; they also come with higher property taxes.  Its traditional to heat the entire house to 19 C, in other words, money is paid and gas is burned to make the possessions as comfortable temperature wise as the inhabitants.  Interestingly, storage costs are related to volume and not the price of what you are storing, transportation ( and often environmental ) costs are typically related to weight. As consequence, I consider not only the price, but also the volume and mass when I buy something.  The costs manifest mainly as real estate costs, that is, paying to put your stuff somewhere, and if you put it in your main residence and subscribe to central heating, the cost of keeping it at a comfortable temperature.  Stuff is also hard to transport, so having a large amount of stuff makes it difficult to move ant therefore it acts as an anchor on your mobility.

I don’t own anything tangible that would be heartbreaking to lose or which has substantial replacement costs.  The sum total of my possessions, including my residence, would cost less than 10% of my net worth.

Price might be higher if it leads to a lower ownership costs.  Ex 30 dollars shoes that last a year, VS 100 dollar shoes that lasts 5 years, VS 50 dollar used shoes that lasts 3 years.  Annual cost= ( your costs – used costs ) / Years in service. ( to lower the annual cost the item might be sold at the end, that is why we have “used costs” in the equation ).

The idea is therefore to seriously consider whether your current living arrangements are optimally aligned with your liberty and pursuit of happiness.  Is your money best spent on an extra bedroom or five years of freedom?.

Children naturally try to emulate their parents, at least in the early years, and for the most part a child’s values are a direct reflection of his parent’s, either conformingly aligned or diametrically opposed.  Traditionally parents have played a large role in their children’s upbringing.  Through watching and emulating, children learn life skills such as respect for others, the virtue of doing chores or performing a day’s work for a day’s pay, balancing a check book or keeping track of money, how to judge value, how to get good deals, eat inexpensively, cook a meal and do dishes, bake bread, clean, de clutter, ride a bicycle, tend a garden, hang up a shelf, or fix a plugged drain.  However, as people have increased their expenses, households now require two incomes, and thus, as it so often goes in out rime, parents have outsourced their children’s upbringing, and possibly taking a lesson from their own situation as wage slaves, they now act as managers of their children’s lives and careers rather than as role models, signing them up for extracurricular activities that are so very important for their resume to get into their dream college.

If new loans are the only way to raise cash, because all existing income goes towards bills and cost of living, and new loans are not available because credit has been maxed out, then a sudden need for cash ( for instance to fix a leaky roof, or any other emergency ) is a serious problem.

As our productivity has gone up, we have increased the size of our homes and filled unused rooms with unused purchases, which just wait to be thrown out or given away.  We are surrounded by the inedible landscapes of lawns and asphalt.  We have moved away from work and the market so we can waste time driving there, and money on maintaining our multiple cars.  In our spare time we waste time watching TV, waste our bodies eating junk food, then waste money treating the results of those habits.  These behaviours make no one better off, except those who sell the enabling products, who, as mentioned above, are often ourselves.

Think of health as wealth, the wealth that matters the most, and being wealth, its usefulness lies in its ability to serve as an asset in our lives.  The healthier the life, the better the life.

There is an absolute standard of fitness. To be fit is to be able to drag or carry an unconscious adult out of a burning house on one, maybe two gulps of air.  To be fit is to be able to fight and defeat anyone who can outrun you and outrun anyone you can’t defeat.

The staples are: ammonia, baking soda, borax, chlorine, soap and vinegar.  Just remember to never combine chlorine and ammonia.

On a parallel note, the US used to be known for its auto companies.  Today, some of the biggest industrial companies are in the business of selling junk food and cholesterol lowering drugs.  Food for thought?

Voluntarily stepping out of the consumer cycle and saving enough to replace one’s job with investment income instead of working is not “normal”.  The great majority of people do neither, and those who do one almost never do the other.  Anyone not consuming as much as possible tends to do so out of external necessity and thus does not have savings to invest.  Anyone investing for income tends to have plenty of money and thus consumes at an average if not above average level.  There are a few doing both, most do neither.

On the other hand, it is possible to find other people pursuing frugality as well as people interested in investing.  If you prefer to avoid confrontation, keep allow profile with it comes to this area of your life.  Don’t mention that you also happen to manage a six figure portfolio to your “voluntary simplicity” friends and don’t mention that you only have one bedroom to your investment friends unless you are prepared for the resulting discussion.

The golden rule of volunteering is that the volunteer gets to do it his way.  If you want to eat better for less, volunteer to cook.  If you want to save money on cleaning supplies, start making them yourself.  This takes leadership abilities, but if not you, then who?

An investor is a person who lives from his assets.  For an investor, the start of financial independence includes a strong vision of one day creating a metaphorical forest and living harmoniously with the forest.  It starts by planting seeds.  These seeds grow into saplings and the mind starts connecting the vision to the upcoming reality of a mature forest.

P=401p  ( using a conservative rate of return of 3% ) This means that each $1 dollar a month not spent is equivalent to reducing the required fund size by $401.  For example, the cost of a $20 cell monthly payment might seem inexpensive to someone earning $15/hour, but with an asset based income, it actually represents $20 * 401 =$8020, which represents over 4 months of work at the given hourly rate.  P =(aprox) 12 ( because is a monthly exp ) *p / interest ( interest 0 – 1 )

More Than Enough – Dave Ramsey

More Than Enough - Dave Ramsey

I have realized that the lessons money teaches us are no only financial, they are spiritual; they create new character qualities; and they will improve your relationship with your spouse, family, and loved ones.  After more than five thousand hours of answering financial questions on “The Money Game” I have seen again and again that money is just the method that the Great Teacher has chosen to expose and correct our flaws as well as give us “ataboys” for a job well done.

Do you feel like I am going overboard?  I’m not if you want excellence in your life, relationships, and finances. You see, if you want uncommon results you have to think and do thinks that are uncommon.  If you want things you have never had, you have to do things you have never done.  Vince Lombardi said “The quality of a person’s life is in direct proportion to their commitment to excellence, regardless of their chosen field of endeavour”.

Albert Schweitzer said: “Man must cease attributing his problems to his environment, and learn again to exercise his will, his personal responsibility”.  Enough whining, I am sick of whining… Whining is a sign of lack of character on your part.

When bad stuff happens resist the human urge to blame and instead join the elite group called the doers.

I have had she-bears get violent with me for suggesting that purchasing $178 tennis shoes while the electric bill is not paid is stupid.  There is an old Danish proverb that says if you give a child everything he wants he cries and a pig everything he wants when he grunts you will have a fine pig and a sorry child.

James Baldwin says that children have never been very good at listening to their elders, but they have never failed to imitate them.

Ready for a test?

  1. What missing or twisted value has been holding me back?
  2. What could I do this week that would give me more connection to my spouse, my child or my best friend?
  3. Are there any ways that I could better show my boss my loyalty tom job and my coworkers?
  4. What activities am I involved in that I could fire myself from that would simplify my life?

Proverbs 9:18 says “Where there is no vision, the people perish” Perish as in die? YES.

The six figure earners all think in five year blocks or more of time. They are very unconcerned about today except for how today is a building block toward their vision, which may not be fully realized for another twenty years.  They think long term in all decisions.  Six figure earners think about the long term implications of every move they make and don’t make those moves unless they move them one step closer to their vision.

Short term thinking is why the poor get poorer.

Vision will make you an investor instead of a consumer; it will make you think ahead five, ten, or twenty years instead of only thinking about today or tomorrow.

Separating your money when you live in a couple only put you in the spiritual and emotional position of separation: You remember, what do you do right before divorce?

Patrick Overton: “When we walk to the edge of all the light we have and take that step into the darkness of the unknown, we must believe that one of two things will happen, there will be something solid for us to stand on, or God will teach us how to fly”.  Hope moves us forward when logic and energy are gone.  Hope is a motivator.

Soup is good for you:  Go to your local homeless shelter and volunteer to serve soup.  Take your mate and your kids with you; it will do the family good to reset the view of reality.

Most folks don’t know what real problems are, and the serving of soup will make you ashamed for having worried about whether there was enough in the budget to gibe Barky the schnauzer a haircut.

*Use a symbol of hope: Be it a light house or something else as a way to raise your chin toward heaven when you lose directions.

Sharon and I have made a pact that nothing major financially will be done without agreement with the other.

So if you are trying to get your wife to share in budgeting and planning you need o treat her with respect.  Try approaching her like this:

  • Honey, I’d really like to have your advice on our budget.
  • We need to think about how we are going to save money, but I cannot do this without you.
  • Our future is important, and both of us need to plan it together.

Andrew Carnegie said: “The average person puts only 25 percent of his energy and ability into his work.  The word takes off its hat to those who put in more than 50 percent, and will stand on its head for those few and far between souls who devote 100 percent”

“What is the first requirement for success?” Thomas Edison was asked. His answer? It is “the ability to apply your physical and mental energies to one problem incessantly without growing weary”. If you get up at 7 AM and go to bed at 11 PM, you have put in sixteen good hours, and it is certain with most men that they have been doing something all the time.  The only trouble is that they do it about a great many things, and I do it about one.  If they took the time in question and applied it in one direction, to one object, they would succeed”.

Focus has the power to create permanent change where nothing else will or can.  You can focus. You can endure anything for a short period of time. Six months, a year, or even eighteen months, compared with the rest of your life it is a very short period of time.  

The mother of more: Momentum.

Voltaire said: “Work keeps us from three evils: boredom, vice, and poverty”.

Work is doing it. Discipline is doing it every day. Diligence is doing it well every day.  Diligence is not just showing up, or just showing up every day; diligence is showing up every day with Excellence.

St. Ambrose said: “Work like it all depends on you and pray like all depends on God”.  Prayer is vital, but God is not in the business of rewarding lazy.

Jim Rohn says: “You will build more wealth if you trick yourself into discipline.  The pain of discipline weighs ounces, but regret weighs tons”

Teach the children: There has never been a child born who gets up every morning, makes his bed, cleans his room and brushes his teeth without instruction.  By removing work from a child’s life you cripple them.

It would be a shame for any of us to have discipline in just one area such as building up wealth and not have the health to enjoy it, the relationships with spouse and family to share it.

Patience is golden because it will increase the satisfaction you take from achieving your goals and desires.  And patience is golden because it is formed from heat much like pure gold is.  To purify gold the goldsmith of old would stoke the fire to bring the gold to a boil, and as the gold boiled the dross, the impurities, would rise to the top. The goldsmith would skim off the junk until he could see himself.  Problems that we face, the heat of life, make the junk come to the surface, and God skims the junk out of our lives until He can look at us and see some of Himself.

A lack of patience causes debt.

Patience is growing up.  Patience knows that one definitions of maturity is learning to delay pleasure.

Patience will cause you to build wealth because you are willing to save and pay cash instead of borrow.  When you don’t have any payments it is easy to save and invest enough to become wealthy in just a few years.

The Goose with the Golden Egg: they were becoming steadily wealthy, then greed kicked in, now they had no goose and no more eggs.

** If you are not listening to your spouse sit down tonight for at least twenty minutes to talk and listen.  Remember to listen even if you don’t care about the curtains she wants to buy.  Chose one night each week when the two of you will forgo TV and listen to each other.  Learn the count-to-five rule.

Try letting the kids plan one Saturday a moth. Yes, you may end up sitting through some activities you’d rather not, but you will not only learn patience, you will also gain years of memories and shared time with your children.

When you have contentment you can easily get out of debt.  When you have contentment you can easily save and invest.  When you are content it changes your giving habits and your relationships.  When you are content it brings an inner strength that will push you into another zone.  You are able to move fast or slow, and you are able to have patience or intensity when you are content.  Contentment is a magnificent personal gift.

Contentment is not apathy and yet we often confuse the two.

What is that causes one couple to be able to prosper on an annual income of $35.000 while the other is heading toward bankruptcy with over $84.000 in yearly income?

*** Juliet Schor in The Overspend American: Research shows that each added hour of TV viewing per week increases the spending by roughly $200 per year.  So an average level of TV watching of fifteen hours per week equals nearly $3.000 extra spent per year!

The Bible says in Proverbs 28:20 “A faithful man will abound with blessings, but he who hastens to be rich will not go unpunished”.  The reason the get get-rich quick folks are punished, usually by losing their riches, is because character is more important than circumstances in the scope of eternity.  Get-rich-quick folks still need to mold their value system into one that can truly find happiness. They are looking for love in all the wrong places, so the punishment is not for the offence off trying to get rich quick, the punishment is a course of correction so that we learn to look for contentment and happiness  where it can really be found.

In order to have deep, abiding contentment in your financial and relationship decisions, you have to reach the pint you just don’t care what “people” think.  I drive a ten year old car with over 150,000 miles on it and I keep it in near perfect condition.

My pastor told me that his father had to walk 6 miles to work, they would come into the home with dust to his knees from the six mile hike, and he would wash and sit down to eat.  Each night they thanked God of honest work.  My pastor said he never once heard them whine about the circumstances.  Where have those men go? Don’t get me wrong, I don’t want to walk six miles to work, but where have those men gone?  Those were people of deep character who understood that not having everything was not the end of the world.

Hate is not the opposite of love, apathy is.

Why does “giving” work in the formula for more than enough? Giving works because you are designed to be a giving being.  Your wiring schematic is built for giving.  You are made in God’s image and He is a giver; so that means in order for you to be all you can be you must be a giver too.  Your emotions, spirit psyche and even your chemistry are changed to a higher level when you give.  When you give creativity is enhanced.  When you give, passion, joy and intensity come to you like waves crashing at the seashore.

After one of my seminars a pastor approached me.  He said that in 35 years of ministering a large congregation he had never had a couple file for divorce who gave their Christian tenth of their income.

When you give you are getting maximum horsepower out of your personal design.  People who don’t give are stopped up.

You are planting seeds when you give and when you don’t give.  If you plant nothing, by default you planted weeds.  If you plant corn don’t scratch your head and wonder why you got corn. The earth and life will return to you what you plant in great abundance.  The sad thing is that most people don’t plant and are real confused as to why they get a great crop of weeds.  You must plant on purpose what you want, become a farmer for life.

“Money is a terrible master, but an excellent servant”.  If you want to be a powerful giver you should view your wealth as the goose and give the golden eggs.  If you give away the goose, the golden eggs are gone, and so is your ability to help others.  Those of you who think “those nasty rich people should be made to give up the wealth they have earned” are not only stupid, your shortsightedness kills the goose, and the poor are not really helped.

Many off the wealthy understand it is not a privilege, but instead a great responsibility to have wealth.

Andrew Carnegie said: “surplus wealth is a sacred trust which its possessor is bound to ADMINISTER in his lifetime for the GOOD of the COMMUNITY

This release of emotional ownership is called generosity.  The folks who are able to emotionally release the ownership of stuff and feel more like managers don’t worry as much.  This release of ownership virtually guarantees that as you build wealth you won’t become arrogant.  It is very hard to be arrogant about something you manage for someone else ( God ). Remember that is the emotional position those who have more than enough put themselves in.

Prosperity may be a bigger test than poverty when it comes to exposing your weaknesses.  Fear, worry, selfishness, and arrogance are all some people get with wealth.  People who get it know that a firm grip on the money is not the path to happiness and fulfillment.  True prosperity is not wealth, it is “more than enough”, which can include wealth, but must include the loose holding of that wealth.


How come that idiot’s rich and I’m not? – Robert Shemin

Interested? Check it on Amazon:

Remember, Rich Idiots never think or say “I can’t”.  They ask “How can I ?”.  Take the word Can’t out of your vocabulary.

Real wealth is time. Time to spend with your loved ones. Time to go on a 3 month vacations. Time to give back to those who have less.

Get a wealth talisman – ( Healthy Wealthy Wise )

Forgiveness is the firs step to cleaning out old stuff and making room for new wealth to come pouring in. Forgiveness is a daily cleanser, preparing your spirit for the riches to come.  Also don’t forget to forgive yourself.

My Commit Script:

I commit to filling my life with wealth.
I commit to filling my life with happiness.
I commit to being bold.
I commit to taking positive actions.
I commit to a new result.

The most important goal is: What activity am I going to do today?

Remember: Buy assets first because they bring you money.  Buy liabilities second because they cost you money.

Remember: Money is time, with money you can “buy” time.

What is more important the idea or the execution?  The execution! Everybody has ideas.  You must do something daily to bring you closer to your goals.

Link to book on Amazon: How come that idiot’s rich and I’m not? – Robert Shemin

Location Rebel Arsenal – Sean Ogle

Location Rebel Arsenal
Karl Marx “Catch a man a fish and you can sell it to him. Teach a man to fish, and you’ve ruined a wonderful business opportunity.”

*** The Art of Non-Conformity – Chris Guillebeau.

*** War of Art – Steven Pressfield

*** Influence – Robert Cialdini.

*** Trust Me, I’m Lying – Ryan Holiday.

*** The Personal MBA – Josh Kaufman.

*** Cashvertising – Drew Eric Whitman

*** Outliers: The Story of Success – Malcom Gladwell


Alan Lakein “Planning is bringing the future into the present so that you can do something about it now.”


Optimizepress is a WordPress theme that does oh so much more than a regular theme. It allows you to easily set up squeeze pages, sales letters, membership sites and much more.

WooThemes: the easiest themes to make a killer looking website with no mad dev and design skills.


Wishlist Member: Ever thought about creating a membership site?

Mockingbird: This is essential when planning new site designs. I’m not the most design oriented person in the world – far from it actually. But this gives me the power to map out the features I know I want in a website, hand it to a designer.

Trello: is the only solution (paid or free) I’ve found to work within my small business. It makes managing multiple projects incredibly easy. Oh, and it’s completely free.

Skitch: Have you ever wanted to easily show someone what you were looking at, scribble notes on it, and get their feedback? Now you can do this in a breeze with Skitch. This is an essential tool for sharing quick notes with friends and business partners

Last Pass: Quite possibly the greatest extension ever made. I have dozens (if not hundreds) of passwords.




Rescue Time.

Bold Notes.





Canon Vixia HF200 HD Camcorder

Kodak Zi8 Camera

How to Travel the world for $418: This blog post by my buddy Steve Kamb has blown up, and been spread all over the internet and beyond. He details exactly how he went about getting an around the world plane.

Dan of Tropical MBA

Hipmunk: Travel and Hotels.

AirBnB: Need a place to stay, but don’t want a hotel? Enter AirBnB.


Charles Schwab If you’re leaving the country, do yourself one giant ass favor and open up a checking account at Charles Schwab. Charles Schwab will reimburse you for any ATM fees you incur – anywhere. No more $5 surcharges,

Lifestyle Business Podcast

Caffeine Again: Mac only, but this is a super simple app that keeps your screen from dimming.




Le Millionnaire que j’appelais Grand-Papa – Martin Paquette

Le Millionnaire que j'appelais Grand-Papa
C’est étrange comme le vent éteint les petites bougies, mais anime les plus grands feux.

Les femmes savent des choses par instinct, nous comprenons seulement les choses par des faits. Elles ont une longueur d’avance sur nous.

Le vrai principe, je l’applique et je le prêche toujours : pour devenir riche et réaliser les choses que l’on veut, il faut toujours réinvestir la moitié de ce que l’on gagne. Si tu gagnes un dollar, mets cinquante cents de côté pour réinvestir plus tard.

J’ai déjà dit que si les gens pouvaient connaître et voir les résultats de leurs efforts, tous deviendraient et demeureraient motivés. C’est pourquoi les gens qui travaillent dans les grandes organisations sont si difficiles à motiver; ils ne sont responsables que d’une partie de la réalisation et souvent très loin des résultats. On dit souvent que la routine détruit la motivation.