Secrets Of Millionaire Minds Book Report

The author of this book, Dave Ramsey, is a man who has gone through many struggles in his life. Throughout his book he talks about the times when he went bankrupt and couldn’t provide for his family. Dave Ramsey sat down and wrote a plan on how to be smart with your money. Ramsey says, “The principles are not mine. I stole them all from God and your grandmother” (xi). He talks about how these are not new ideas and that these are not theories because they are proven to work every single time. The central concept of this book is to help people succeed in life with money but also their personal relationships. Ramsey wants to give people hope and happiness by playing a small role in their financial freedom.

In this society, some of the most important things in your life have to deal with money. In Chad Foster’s book, Financial Literacy for Teens, he taught his readers how to save, spend, invest and give away your money. Reading this book has taught me to start saving when I’m young, know the differences of what I need to buy rather than what I want, to make money while I sleep and giving away some of your money will not only help yourself, but help many others as well.

The fact that their parents did not provide economic outpatient care was astonishing. This means most millionaires were not financially supported by their parents. The author’s research indicates that “the more dollars adult children receive from their parents, the fewer they accumulate, while those who are given fewer dollars accumulate more”. I figured these millionaires were raised in a wealthy family and didn’t want to live any other way. I thought they were given things by their parents throughout their life. Another trait is their adult children are economically self-sufficient. The authors clearly believe that giving money to adult children damages their ability to succeed. I agree with this because if their children keep getting life handed to them on a silver platter they won’t learn the value of a dollar. They’ll think that daddy or mommy will bail them out whenever they’re in trouble which will not teach them anything about being successful on their own.

In the book The Wealthy Barber it begins by talking about the thing that he likes to do in his spare time. David then begins to introduce his wife and talks about how they have a baby on the way but he is completely clueless when it comes to managing/saving money. He needs to make himself a smart financial quickly with having a wife and now a baby on the way. David talks continues to talking about how his father was very smart with financial means. His father has never bought anything without saving for it first. The only thing David’s father borrowed money for was to buy a house and he had a 30 year mortgage. He learned to become financially smart from a local barber named Roy. David, his sister Cathy, and his best friend Tom together go visit Roy who promises by the end of seven months all of them will be on the road to success.

Daymond John once said, “If you don’t educate yourself, you’ll never get out of the starting block because you’ll spend all your money making foolish decisions”. There is no better way to educate yourself other than reading the story of a man who built something out of nothing. Daymond John’s The Power of Broke is an inspirational book focused on his own and others trek to financial stability. This book speaks about aspiring entrepreneurs with exotic ideas who just simply did not have the capital to begin their own full fledged business.

Sometimes people can surprise you, as having an aptitude for business is not always easy to spot. Many of them are hard to spot until they get started doing things on their own. The readers really like the author’s idea of teaching people to "fail as a process". When we do new things they tend not to work up to 9/10 times. This should be seen as normal and necessary. The author point out the logic that if you work hard and keep moving forward, you will succeed in life. By keep pointing out the evident of him, the author more and more make people believe in what he said.

This is not to say that people with less money will always throw out their inhibitions in order to achieve great financial wealth. People must be told that it is ok to venture outside of their safe zone and know that what they are doing is right.

The typical millionaires portrayed in the book were not the jet setting, high profile, luxury car driving executive that most would equate with affluence. In fact, the typical millionaire is a 57 year old male, self-employed, with an average income of $247,000. They are fairly well educated, wear inexpensive suits, and drive late model American made cars. On average, these millionaires live in modest homes and work in occupations such as: contractors, auctioneers, farmers, owners of mobile home parks, and stamp and coin dealers. These individuals are organized, live within a budget, and spend considerable time and energy investing. These individuals are also self-described tight wads. In lieu of receiving money directly for their time, the authors offered to donate money in the interviewee’s name to a favorite charity. The reply of most of the millionaires was “I am my own favorite charity,” and kept the money for themselves.

Most people in today’s society define success as someone who makes a lot of money or has done something important to help form today’s society. People such as Bill Gates or Donald Trump are considered successful because they have lots of money. Even actors whose lives are wrecked and destroyed are considered successful because of the money they have. Others, like Thomas Edison, are considered successful because of accomplishments they achieved in their lives. Thomas Edison, for example, created the light bulb, so most people would consider him successful. In his book, Think & Grow Rich, Napoleon Hill gives 13 steps on how to have the right mindset, attitude, and ability to become successful.

This book shows the simple spending and saving habits that lead to more cash in the bank than most people earn in their life, and helps to avoid the pitfalls some potential future millionaires

He has written seven books: Anyone Can Do It, Wake Up and Change Your Life, How to be Smart With Your Money, How to be Smart With Your Time, 43 Mistakes Businesses Make, 37 Questions Everyone in Business Needs to Answer, and Riding The Storm.

I must say that this book would help a lot of struggling people and for people who still didn’t know about this book, then, you must read this one because I really think that there are a lot of people who have the skills and talents that only need to be unleash and discover in order to make money work for

Every module includes a worksheet that will aid you to understand clearly as well as embrace the real concepts being taught. All PDF document contains data on how to trust and believe in yourself, how to find your destiny in your life as well as how to react on it. In addition, the program are also include three bonus programs such as Mind motivators, Millionaire Maker as well as seven strategies in order to attract abundant wealth. Mind Motivators and Millionaire maker are a group of audio files which consist of the data you require to obtain your mind correct as well as on the path towards wealth. Moreover, program are also aid you to find out what is inside of yourself to reach your aims. The seven strategies to attract abundant wealth is a sequence of seven videos which offer you insights on how your mindset determines what you focused in your life. Thus, the program will also offer you a complete outlook on your life. Just apply this new found insight to enhancing relationships in your life, obtaining a better job or operating towards our

When it came down to choosing a book from the choices provided, I just had to select Think & Grow Rich by Napoleon Hill. This is a great book to read if you are having financial trouble in your life or if you are just need some motivation to get you going in the right path. Napoleon Hill is a acclaimed author who teaches you in this book the 13 success principles used by the great success stories of the early 20th-century. Napoleon Hill interviewed with William Wrigley, Alexander Graham Bell, Andrew Carnegie and 500 others. He gives you the secrets that helped these great leaders rise to the top in their respected industries. Many of today's top achievers credit Napoleon Hill's work as being the blueprint to their success. Access the

More and more opportunities automatically come the way of the person with a good self-confidence. In short, success flows to those who have a genuine self-confidence.