HOT TOPIC What books do i read

[shelton]

i read the millionaire fastlane last year and you told me to read about finance and economics. i read a personal finance book for dummies and a economics books for dummies. but i didn't get the most out of those books. i still don't know what taxable and non-taxable yields are and i still don't know how to balance a check book or even do my own taxes. Do you know anyone or have any book recommendations for finance and economics

 

[ADR]

i read the millionaire fastlane last year and you told me to read about finance and economics. i read a personal finance book for dummies and a economics books for dummies. but i didn't get the most out of those books. i still don't know what taxable and non-taxable yields are and i still don't know how to balance a check book or even do my own taxes. Do you know anyone or have any book recommendations for finance and economics

Hi Shelton, whats your ultimate goal for reading these types of books? Have you started a business?

 

[GMSI7D]

i read the millionaire fastlane last year and you told me to read about finance and economics. i read a personal finance book for dummies and a economics books for dummies. but i didn't get the most out of those books. i still don't know what taxable and non-taxable yields are and i still don't know how to balance a check book or even do my own taxes. Do you know anyone or have any book recommendations for finance and economics

everyone starts with the technical stuff

but there is something interesting about many authors

let's take a look at this guy : stuart Goldsmith from Britain




he is a self made multi millionaire

is the guy talking about economics ?

no, he is talking about believing in yourself

in fact, in his Midas method , he talks about his formula for wealth

this is very surprising :

25 % knowing exactly what we want

25 % belief " i really deserve to be rich " ( most people don't really believe this is possible )

25 % belief " i can become rich " ( learning the skills )

and only 25 % doing the technical stuff, action and so on !!


at first, i was skeptical and thought this is another guru' scam


but he really did follow this formula to retire with 10 millions pounds in 2003.

after studying the guy, i came to the conclusion that he really followed his written stuff

his innercircle program and others materials he created.

he really started with the right innergame in order to push through adversity and beat the odds .

 

[Argue]

Reread The Millionaire Fastlane .

 

[shelton]

Hi Shelton, whats your ultimate goal for reading these types of books? Have you started a business?

To increase my financial literacy. If I have financial literacy then I can buy houses and cars without getting scammed

 

[Deleted50669]

To increase my financial literacy. If I have financial literacy then I can buy houses and cars without getting scammed

Financial literacy is important, but you're putting the chicken before the egg. You business acumen and ability to generate money needs to happen before you worry about how to best spend it. Assets are important... at a later stage. Right now you need to focus on being adept at creating value for others, solving problems.

 

[masterneme]

I read "The ONE thing" by Gary Keller last week because I've seen it recommended here a bunch of times and now I join the group.

If you're starting out "The millionaire fastlane " and "The ONE thing" is all you need.

Learn as you go.

If you want to go deeper into the mindset read Unscripted and if you want to go deeper into managing your tasks read "Getting things done" by David Allen.

This may sound weird at first because we all have heard the "leaders are readers" motto and other similar phrases, but reading too much about stuff that you don't need yet is action faking and it will take time away from more important stuff.

 

[Woodsman81]

What will I learn from the one thing? Entrepreneurship or Finance or....?

 

[masterneme]

What will I learn from the one thing? Entrepreneurship or Finance or....?

Productivity:

 

[Kak]

i read the millionaire fastlane last year and you told me to read about finance and economics. i read a personal finance book for dummies and a economics books for dummies. but i didn't get the most out of those books. i still don't know what taxable and non-taxable yields are and i still don't know how to balance a check book or even do my own taxes. Do you know anyone or have any book recommendations for finance and economics

The first thing I would do is begin holding yourself responsible for your grammar, spelling, and punctuation. Perhaps take a class.

You will never be taken seriously in business if you make a habit of writing like this.

In today’s day and age of spelling and grammar checks, you literally have to try to suck this bad at writing.

Next... Erase the phrase “I don’t know how” from your vocabulary. Understand you can learn HOW and it is YOUR CHOICE. The little things MATTER.

 

[GPM]

I second what @Kak has written.

If you do not get basic grammar correct, and do not capitalize "I" and the first letter of your sentence, it will be very difficult to converse through text in any business encounter.

When you are reading books, any book at all, try to pay attention to writing style. With the modern world being so driven through emails and texts, it is absolutely critical that grammatical rules are followed.

 

[MJ DeMarco]

To increase my financial literacy.

Build a business and make some money.

Managing 0 dollars will get you 0 dollars.

If you do not get basic grammar correct

It's possible English is his 2nd language so I try to overlook such things.

I imagine if I tried to write Italian, I'd sound pretty horrific.

 

[shelton]

I'm sorry I neglected to capitalize the "I" in my writing. It's supposed to do that for you. It is strange and no English is my first language

 

[shelton]

Build a business and make some money.

Managing 0 dollars will get you 0 dollars.



It's possible English is his 2nd language so I try to overlook such things.

I imagine if I tried to write Italian, I'd sound pretty horrific.

I'm trying to gain financial literacy so that I can spend money better every day. You said in the millionaire fastlane that if I don't gain financial literacy then I will get scammed by financial predators.

 

[Fortune5ive]

Emerson...”Self-Reliance”. Multiple times.

 

[Restless8]

Great book. I even didn't read it yet.

 

[p0stscript]

Emerson...”Self-Reliance”. Multiple times.

Whilst an excellent essay by Emerson it is very archaic so I'd recommend reading it on an ereader like the kindle (Essays is free from Amazon) so you can highlight words for their definition.
I firmly agree @Fortune5ive it is worth multiple readings, although I'm not sure it will help @shelton with financial literary it would help with life.

 

[p0stscript]

I will add my favourite quote from Self-Reliance is:
"A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines."

 

[Andy Black]

I'm trying to gain financial literacy so that I can spend money better every day. You said in the millionaire fastlane that if I don't gain financial literacy then I will get scammed by financial predators.

Focus on earning more?

 

[Olimac21]

What is your biggest challenge regarding money? Invesments, earning more, control irrational expenses? You can start from there and then see which book/topic fits your purpose.

 

[shelton]

Build a business and make some money.

Managing 0 dollars will get you 0 dollars.



It's possible English is his 2nd language so I try to overlook such things.

I imagine if I tried to write Italian, I'd sound pretty horrific.

That means i should focus on getting a job first but no one will hire me. i have no college degree and no work experience. I'm familiar with coding but I'm not even a veteran yet. getting a job in new York is tough. I'm trying to do something until i can find a job that will allow me to profit.

 

[Argue]

That means i should focus on getting a job first but no one will hire me. i have no college degree and no work experience. I'm familiar with coding but I'm not even a veteran yet. getting a job in new York is tough. I'm trying to do something until i can find a job that will allow me to profit.

Excuses. I’m from New York, too. Many businesses are always hiring. You’re not trying hard enough.

Get your priorities straight.

Step 1. Get a job. (Even McDonald’s is hiring, be humble.)

— if you’re having trouble finding work, go to Workforce 1.​

Step 2. Save up some checks. Then, buy stuff on Craigslist and flip. Repeat. Takes hustle but you got no choice.

Step 3. Reread the book. Then, get better at code. Offer your services through Fiverr or Upwork.

Step 4. Read the gold threads. Especially @Fox thread on how to sell websites.

 

[shelton]

Excuses. I’m from New York, too. Many businesses are always hiring. You’re not trying hard enough.

Get your priorities straight.

Step 1. Get a job. (Even McDonald’s is hiring, be humble.)

— if you’re having trouble finding work, go to Workforce 1.​

Step 2. Save up some checks. Then, buy stuff on Craigslist and flip. Repeat. Takes hustle but you got no choice.

Step 3. Reread the book. Then, get better at code. Offer your services through Fiverr or Upwork.

Step 4. Read the gold threads. Especially @Fox thread on how to sell websites.

ill try to get a job then but I'm confused about craigslist how do i use it

 

[Argue]

ill try to get a job then but I'm confused about craigslist how do i use it

Don’t try. Do.

Read here for more info on CL:

GOLD! - How I earned money (hustle arbitrage) to start a real business.

 

[shelton]

i wanted to talk to MJ DeMarco about my problems i like to listen to audio books but i want to move on from self help I just need to think about the books I've read. how do i contact him

 

[JM35]

i wanted to talk to MJ DeMarco about my problems i like to listen to audio books but i want to move on from self help I just need to think about the books I've read. how do i contact him

Sometimes the issue with the self-help books is they get you so amped up to start running that you forget how to walk first.

Reading is pointless if you aren't spending the time to fully understand what it is that you are reading. Every time you are curious about something, Google it and read. It doesn't have to be a book. Google is more helpful to my life than any book I've ever read. There are plenty of forums on personal finance and thousands of free and quick eBooks.

 

[shelton]

Sometimes the issue with the self-help books is they get you so amped up to start running that you forget how to walk first.

Reading is pointless if you aren't spending the time to fully understand what it is that you are reading. Every time you are curious about something, Google it and read. It doesn't have to be a book. Google is more helpful to my life than any book I've ever read. There are plenty of forums on personal finance and thousands of free and quick eBooks.

i was hoping someone would know exactly what books or exactly what I'm supposed to read but i guess i do have to search for information i need on my own

 

[DeletedUser052]

i was hoping someone would know exactly what books or exactly what I'm supposed to read but i guess i do have to search for information i need on my own

Great.

Welcome to the world of Entrepreneurship.

 

[lewj24]

i wanted to talk to MJ DeMarco about my problems ... how do i contact him

You don't need his phone number. He literally just gave you some advice in this very thread.

i was hoping someone would know exactly what books or exactly what I'm supposed to read

Nobody knows what's going on in your life. We don't know what you know or don't know or what you need to do. It is up to you to figure out what you need to learn because only you will know. There are no exact things to read or learn.

For example if you are having trouble getting hired in New York then that is what you need to figure out next (if that's your goal). Start Googling questions, asking people, reading books, etc. on how to get a job. You will learn a ton about that one topic that you can then APPLY and see if it works and helps your situation.

Don't focus on reading to learn. Focus on reading to find the answers to your problems and then APPLYING those answers to solve your problems. You then move on to bigger problems that you then need answers for. Repeat.

 

[amp0193]

i wanted to talk to MJ DeMarco about my problems... how do i contact him

He posted in this thread. Hit the reply button below his post.