Sunday, October 18, 2020

Books

 1. Rich dad, poor dad!

2. Seven habits of highly effective people
3. Who moved my cheese
4. Bhagwad Geeta
5. The richest man of Babylon
6. One minute manager, managing the money
7. Becoming person of influence
8. How to win friends and influence people
9. The art of power negotiating
10. Checklist Manifesto

Saturday, January 25, 2020

The Business of the 21st Century

The cashflow quadrant represents the different methods by which a cash income
is generated. For example, an employee earns money by holding a job and working
for someone else or a company. The self-employed are people who earn money
working for themselves, either as solo operators or through their own small business.
A business owner owns a large business (typically defined as 500 employees or more)
that generates money. Investors earn money from their various investments—in other
words, money generating more money.
E = Employee
S = Self-employed or Small-business owner
B = Business owner
I = Investor

Wednesday, January 01, 2020

The Richest Man in Babylon

Seven Cures For a Lean Purse[edit]

  1. The First Cure: Start thy purse to fattening.[15]
    Arkad advises on saving 10% of your annual income to start building up your wealth (or purse): "For every ten coins thou placest within thy purse take out for use but nine. Thy purse will start to fatten at once and its increasing weight will feel good in thy hand and bring satisfaction to they soul".[3][15]
  2. The Second Cure: Control thy expenditures.[15]
    Arkad advises against luxury expenditures that ultimately become confused as necessities: "The gold we may retain from our earnings is but the start", and, "What each of us calls our 'necessary expenses' will always grow to equal our incomes unless we protest to the contrary", and, "Confuse not the necessary expenses with thy desires".[3][15]
  3. The Third Cure: Make thy gold multiply.[15]
    Arkad advises to invest and to compound the investment return from these savings: "The earnings it will make shall build our fortunes ... Learn to make your treasure work for you. Make it your slave. Make its children and its children's children work for you".[3][15]
  4. The Fourth Cure: Guard thy treasures from loss.[15]
    Arkad advises against taking a risk of loss and investing get-rich-quick schemes: "Is it wise to be intrigued by larger earnings when thy principal may be lost? I say not. The penalty of risk is probable loss. Study carefully, before parting with thy treasure, each assurance that it may be safely reclaimed. Be not misled by thine own romantic desires to make wealth rapidly".[3][15]
  5. The Fifth Cure: Make of thy dwelling a profitable investment.[15]
    Arkad advises buying versus renting your principal residence, and using your residence to establish a business: "I recommend that every man own the roof that sheltereth him and his", and, "Nor is it beyond the ability of any well-intentioned man to own his home".[3][15]
  6. The Sixth Cure: Insure a future income.[15]
    Arkad advises on having a pension and future retirement income: "Therefore do I say that it behooves a man to make preparations for a suitable income in the days to come, when he is no longer young, and to make preparations for his family should he be no longer with them to comfort and support them".[3][15]
  7. The Seventh Cure: Increase thy ability to earn.[15]
    Arkad advises to keep developing your own skills to increase your investing wisdom and also to increase your earnings power: "The more of wisdom we know, the more we may earn", and, "That man who seeks to learn more of his craft shall be richly rewarded".[3][15]

The Five Laws of Gold[edit]

  1. The First Law of Gold. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.[15]
    Arkad's advice here is very similar the First Cure, which is that saving is the start to building wealth.[2][15]
  2. The Second Law of Gold. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.[15]
    Arkad's advice here is very similar the Third Cure, which is that these savings can themselves growth and compound your wealth.[2][15]
  3. The Third Law of Gold. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.[15]
    Arkad's advice here is similar the Fourth Cure, which is about being patient and having a long-term view.[2][15]
  4. The Fourth Law of Gold. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.[15]
    Arkad's advice here is about investing in what you know about and understand.[2][15]
  5. The Fifth Law of Gold. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.[15]
    Arkad's advice here is about avoiding get-rich-quick or very aggressive wealth creation strategies.[2][15]

Sunday, December 08, 2019

I Want to be known as

I want to be known as person who is on time.

I want to be known as person who is prepared.

I want to be know as person who is  with definite goals

I want to be known as all moment positive person..

I want to be known as person to be known to express his gratitude

My Journal - Life Changing Secrets from the Three Masters of Success


If you are one of those who believe that hard work and honesty, alone, will bring riches, perish the thought! It is not true!
Riches, when they come in huge quantities, are never the result of hard work! Riches come, if they come at all, in response to definite demands, based upon the application of definite principles and not by chance or luck.


Organised Planning: The Crystallisation of Desire into Action


  • everything that is created or acquired, begins in the form of desire, that desire is taken on the first lap of its journey, from the abstract to the concrete, into the workshop of the imagination, where plans for its transition are created and organised.

how to build plans which will be practical:

  • Form allies yourself with a group of as many people as you may need for the creation and carrying out of your plan, or plans for the accumulation of money-making use of the ‘Master Mind’ principle
  • Before forming your ‘Master Mind’ alliance, decide what advantages and benefits, you may offer the individual members of your group, in return for their cooperation. No one will work indefinitely without some form of compensation. No intelligent person will either request or expect another to work without adequate compensation, although this may not always be in the form of money.
  • Arrange to meet with the members of your ‘Master Mind’ group at least twice a week and more often if possible, until you have jointly perfected the necessary plan or plans for the accumulation of money.
  • Maintain perfect harmony between yourself and every member of your ‘Master Mind’ group. If you fail to carry out this instruction to the letter, you may expect to meet with failure. The ‘Master Mind’ principle cannot obtain where perfect harmony does not prevail. Keep in mind these facts:
  •   You are engaged in an undertaking of major importance to you. To be sure of           success, you must have plans that are faultless. 
  •    ​You must have the advantage of the experience experience, education, native ability and imagination of other minds. This is in harmony with the methods followed by every person who has accumulated a great fortune.

A QUITTER NEVER WINS – AND – A WINNER NEVER QUITS.



Desire, transformed into its monetary equivalent, through the principles laid down here, is the agency through which money is ‘made.’ Money, of itself, is nothing but inert matter. It cannot move, think or talk, but it can ‘hear’ when one who desires it, calls it to come!



THE MAJOR ATTRIBUTES OF LEADERSHIP

The following are important factors of leadership:

 1.​Unwavering courage based upon knowledge of self and of one’s occupation. No follower wishes to be dominated by a leader who lacks self-confidence and courage. Such a leader very long will dominate no intelligent follower.

2.​Self-control People, who cannot control themselves, can never control others. Self-control sets a mighty example for one’s followers, which the more intelligent will emulate. 

3.​A keen sense of justice Without a sense of fairness and justice, no leader can command and retain the respect of his or her followers. 

4.​Decision-maker People who waver in decisions, shows that they are not sur of themselves. They cannot led others successfully. 

5.​Planner The successful leader must plan the work, also work the plan. A leader, who moves by guesswork, without practical, definite plans, is comparable to a ship without a rudder. Sooner or later it will land on the rocks

6. The habit of doing more than paid for. One of the penalties of leadership is the necessity of willingness of the leaders, to do more than they require from followers. 

7.​ A pleasing personality No slovenly, careless person can become a successful leader. Leadership calls for respect. Followers will not respect leaders who do not grade high on all of the factors of a pleasing personality. 

8.​Sympathy and understanding Successful leaders must be in sympathy with their followers. Moreover, they must understand them and their problems. 

9.​Mastery of detail Successful leadership calls for mastery of details of the leader’s position.

 10.​Willingness to assume full responsibility Successful leaders must be willing to assume responsibility for the mistakes and the shortcomings of their followers. If they try to shift this responsibility, they will not remain leaders. If followers make mistakes and become incompetent,
incompetent, it is the leader who has failed. 

11.​Cooperation Successful leaders must understand and apply the principle of cooperative effort and be able to induce followers to do the same. Leadership calls for power, which calls for cooperation.

HOW TO GET THE EXACT POSITION YOU DESIRE


First Decide exactly what kind of a job you want. If the job doesn’t already exist, perhaps you can create it.

Second Choose the company or individual for whom you wish to work.

Third Study your prospective employer as to policies, personnel and chances of advancement.

Fourth By analysis of yourself, your talents and capabilities, figure what you can offer. Plan ways and means of giving advantages, services, developments, along with ideas that you believe you can successfully deliver.

Fifth Forget about ‘a job.’ Forget whether or not there is an opening. Forget the usual routine of ‘have you got a job for me?’ Concentrate on what you can give.

Sixth Once you have your plan in mind, arrange with an experienced writer to help you put it on paper in neat form, with full detail.

Seventh Present it to the proper person with authority to make the decision.

Saturday, August 17, 2019

Situational Awareness

Mindfulness

Saturday, January 28, 2012