Rich Dad Poor Dad

By Robert Kiyosaki

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

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

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

Some lessons or themes that keep coming up:

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

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

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

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

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

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

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

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

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

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

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Little Money Makers: 100 In-Demand Niche Markets

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Little Money Makers: 100 In-Demand Niche Markets!
by Larry Dotson

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Niche Marketing has always been an arena i wanted to get into,but wasn’t sure how to. This manual gets you in the right step towards being an expert in the field.

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The One Minute Millionaire

By Mark Victor Hansen and Robert G. Allen

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

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

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

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

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

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

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

* Use the power of leverage to build wealth rapidly.

* Overcome fears so you can take reasonable risks.

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

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

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The Bottomless Well

By Peter Huber And Mark P. Mills

The Bottomless WellThe Bottomless Well: The Twilight of Fuel, the Virtue of Waste, and Why We Will Never Run Out of Energy : For anyone who has any interest in energy, its cost, future and the political debate over this precious resource- The Bottomless Well is a must read. This book is an intriguing insight to the other side of what most of us have been led to believe on the environmentalist monopoly of the subject.

The Bottomless Well makes the case that most of the things we think we know are mostly myths- because we really don’t understand what the essence of energy is in the first place. The book demonstrates how a better understanding of energy will radically change our views and policies on a number of very controversial issues.

The Bottomless Well also explains why demand for energy will only continue to increase, why most of what we believe is “energy waste” actually proves out to be a benefit for all; why more efficient vehicles, engines, and light bulbs will never lower demand, and why the earth’s energy supply is actually infinite.

The Bottomless Well goes on to point out that that the cost of energy has increasingly less and less to do with the actual cost of fuel. With roughly five percent of the world’s population, America consumes over 25 percent of the world’s natural gas, 43 percent of its motor gasoline, 25 percent of its crude petroleum, 23 percent of its coal, and 26 percent of its total electricity production. But the book points out that most our energy consumption isn’t for locomotion, lighting, or cooling. What we use energy for, mainly, is to extract, refine, process, and purify energy into ever higher states of efficiency.

The more efficient our technology, the more energy we actually consume; not save, because the cost to reward ratio is so positive for the consumers of this highly refined energy. The book also point out that the competitive advantage in manufacturing will soon be shifting decisively back toward the U.S.: the human demand for energy will only continue to grow and is indeed insatiable; raw fuels sources are not running out; and America’s relentless pursuit of high-grade energy does not add chaos to the global environment but rather restores it to order. Indeed, expanding energy supplies mean higher productivity, more jobs, and a growing GDP. Across the board- energy isn’t the problem, energy is the solution.

While the conventional wisdom holds that energy consumption is the problem and certainly some would disagree from an environmental impact concerning (at lest fossil fuel) energy consumption, The Bottomless Well argues that from an environmental perspective it also makes sense to use energy in an ever more efficient state.

For example America, unlike most of the poor developing countries, is a net carbon sink. That is, despite all the pollution produced in America, there is more CO2 PPM upwind of America on the Pacific side then there is downstream of it over the Atlantic. This fact is undisputed, but although the book does offer some anecdotal reasons why this might be the case there is no definitive evidence to explain this unexpected phenomenon.

I would strongly recommend The Bottomless Well to anyone, no matter where they might stand on the issues of energy, the environment or politics. The book breaks the mold on many of our conventional views of energy, how we use it and why. At very least The Bottomless Well opens the door to another school of thought, not to mention a healthy debate about energy policy and our future.

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The Fair Tax Book

By Neal Boortz And John Linder

The Fair Tax BookThe Fair Tax Book: Saying Goodbye to the Income Tax and the IRS : Few people would expect a book about taxes to take The New York Times bestseller list by storm, but that’s exactly what The Fair Tax Book has done. For decades, Americans from every point on the political spectrum have moaned about April 15th and the maze of ridiculous instructions and high confiscatory taxation that accompanies that day. The current tax code is a labyrinth of over nine million pages of indecipherable jargon only a federal bureaucrat could fully appreciate. So is there anything we can do about this monstrosity?

You bet. The Fair Tax Book, authored by Georgia Congressman John Linder and nationally syndicated talk radio host Neal Boortz, lays out a perfect case for why the current tax code should and can be replaced by a simple and easy to understand tax system that slashes the current nine million pages of red tape in favor of a 133-page gateway to prosperity.

The concept is simple. All current federal taxes – income taxes, medicare taxes, social security taxes, gasoline taxes, capital gains taxes, etc. – will be eliminated overnight. In their place, the federal government will levy a single 23% sales tax on all retail goods. Workers will finally get to take home 100% of their paychecks. Investors will finally be able to invest without having worry about the tax consequences. And April 15th will become just another ordinary day. Sounds simple right? Well, you’ll probably have more than a few questions and concerns. But The Fair Tax Book performs a stellar job in addressing the most commonly asked questions. Questions such as the following:

If we do this, won’t prices go up 23%? No. The elimination of all current federal taxes will also eliminate the embedded tax costs inherent in all products currently sold. Since the Fair Tax will only be applied to final retail products, and not the inputs used in the manufacture of those products, prices will drop an average of 22% across the economy. So prices will remain the same!

What about the poor, won’t they get hammered by the Fair Tax? Absolutely not. In fact, the Fair Tax is the only tax reform bill before Congress that totally eliminates the tax burden of the poor. Under the Fair Tax, every American (from the richest among us to the poorest among us) will receive a monthly rebate check from the federal government that covers the cost of the 23% sales tax up the poverty level. So a check for approximately $450 will be deposited in everyone’s bank account to cover the 23% tax on the basic necessities of life (such as food, gasoline, clothing, etc.)

You’ll probably have more questions than can possibly be addressed in this short article, but I have no doubt they’ll all be answered if you simply take the time to read The Fair Tax Book. Authors Neal Boortz and John Linder brilliantly lay out their case for tax reform in an easy to read format that’s also quite entertaining. And with powerful and influential Americans such as Tom Delay, Alan Greenspan, and Sean Hannity all trumpeting their support for the Fair Tax, it seems certain to dominate the realm of political discourse in the months and years ahead.

Once you’ve read it, you’ll probably agree that The Fair Tax Book is probably the most important book to hit the American political landscape since Uncle Tom’s Cabin. The FairTax is simple and easy to understand. More importantly, it returns America to the original intent of the Founding Fathers by creating a system of voluntary taxation that unleashes the true potential of free individuals. The explosion in wealth creation certain to follow will fuel America’s position as the world’s leading superpower for decades to come and solidify our nation’s future for our children and grandchildren.

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I’m Not The BOSS, I Just Work Here

By Howard Jonas

Im NoT The Boss I Just Work HereI’m Not The BOSS, I Just Work Here : Howard Jonas, founder and chairman of IDT Corp., was 14 years old when he started selling hot dogs on a street corner in the Bronx. Today, he runs a multibillion dollar telecommunications company that is listed on the New York Stock Exchange. What is the secret of his success?

The answer, he says, is in his religious commitment and the title of his most recent book, “I’m Not the Boss, I Just Work Here.”

Jonas recalls that as a little boy his father told him how the biblical Joseph, a slave of Egypt, rose to be a master of Potiphar’s house.

Potiphar was the prime minister of Egypt. Joseph, a lowly Hebrew slave, had one of the simplest jobs in the household – sweeping the floor. Yet, taking a break when more work could be done didn’t seem right to Joseph.

One day Potiphar showed up particularly late and all of the servants had left, except for Joseph. Joseph was sweeping the floor just one more time. Potiphar realized that Joseph was a man he could trust because if this slave wouldn’t “steal” a moment’s rest from him, he certainly wouldn’t steal from the household.

“I’ve kept this Joseph story in mind as I’ve built my company,” Jonas writes. Jonas believes that people who not only accept but embrace life’s challenges are truly actualizing God’s will for humanity.

Personally and professionally, Jonas has had enormous success. “Success is not a reward,” he writes. “Sometimes it’s just a sign of having tried hard and often.”

But he also has had more than his fair share of failures as he reveals in “I’m Not the Boss, I Just Work Here.” Jonas candidly shares with readers a time in his life in which he struggled with severe depression. Jonas says he wrote this book hoping to inspire and encourage others by the example of his response to adversity and the strength of his relationship with God.

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Start Your Own Business

By Rieva Lesonsky

Start Your Own BusinessStart Your Own Business: The Only Start-Up Book You’ll Ever Need If you want to start a business, but don’t know where to start, then the place to start is with “Start Your Own Business: The Only Start-Up Book You’ll Ever Need” by Rieva Lesonsky. The book is put out by Entrepreneur Press and is essentially a compilation of Entrepreneur Magazine’s large knowledge database regarding starting a business.

The book literally takes you through the entire business process – from determining if you really have what it takes to run a business to how to deal with failure if your business doesn’t work out, and everything in between. The best part about the book is that it covers nearly EVERYTHING in some capacity. If you need more information, it does a great job of suggesting further reading and pertinent web sites.

The book is broken down into seven sections, each with several chapters. The first section, ‘You Gotta Start Somewhere’ covers determining if you can be an entrepreneur, how to come up with an idea for your business, and whether you should launch your business part time or full time. Most people who buy the book will already have answers to these questions, but going through the exercises in the book can still be helpful.

The second section of the book is entitled ‘Building Blocks’. It covers how to name your business, choosing a business structure, creating a business plan, and how to hire a lawyer and accountant. I think that this is the most valuable section of the book. These are the things that most entrepreneurs either struggle with or ignore. The “Naming Your Business” chapter in particular helped me a great deal. Naming your business is not nearly as easy as you think – you need to consider all registered trademark names, registered domain names, and names that are being used but not trademarked. One of the worst things that you can do is to pick a name that is already being used by someone and face a legal battle down the road.

The third section covers financing including where and how to get money to run your business. The fourth section, ‘Setting the Stage’ is absolutely massive and covers numerous important things such as choosing a location for your business, creating a professional image, offering customers credit, hiring your first employee, and business insurance. Needless to say, all of these things are extremely important to every business owner.

The fifth section covers buying company computers, cell phones, and cars. These things probably won’t be very difficult for most business owners. The sixth section, however, covers one of the hardest thing every business owner faces – marketing. The section is nearly 100 pages about advertising, marketing, and public relations. It also briefly touches on web-marketing but those looking to seriously profit online will need to look elsewhere because the book is a little thin when it comes to e-commerce.

The final section, entitled ‘By the Books’ goes over every entrepreneurs favorite things – accounting and taxes. It gives solid advice regarding basic bookkeeping, financial statements, budgeting, and taxes. For most business owners this section and the web resources listed should be more than enough to get them started on keeping their business legal.

I can’t overemphasize how important I think it is for every business owner to have this book. It is a mini-encyclopedia (ok, so 800 pages isn’t THAT mini) for everything business related. Having this book on your shelf will save you countless hours. I read it from cover to cover when I got it and I constantly refer back to it. I have recommended it to every person I know that has talked with me about starting a business. Each and every one of them bought it, and each and every one of them came back to me raving about it.

For the amount of depth that is covered in the book, Start Your Own Business: The Only Start-Up Book You’ll Ever Need by Rieva Lesonsky is an amazingly easy read. Anyone over the age of 16 will be able to comprehend the simple nature of the book. Reading this book won’t guarantee your success as an entrepreneur, but it will help reduce the risk of starting a business by providing you with a sound foundation to build upon.

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