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BOOK Your First 100 Million by Dan Pena

Discussion in 'Education, Learning, Books' started by Forbes, Jun 3, 2010.

  1. Forbes
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    Forbes New Contributor

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    I'm currently reading this and it's blowing my hair back. It's a fun read and the author has a no holds barred style writing. The beginning starts talking about that super success is not for the touchy-feely and big sacrifices need to made to acquiring mega wealth.

    Book highlights:

    - exponential business growth through deals and acquisitions
    - building a dream team of experienced veterans with excellent track records
    - Getting a mentor
    - raising capital and financing your dreams

    note: with the price tag of $400 this might be the most expensive wealth business book out there
     
    Schwarz, sija1 and Jill like this.
  2. rocknrollkid
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    rocknrollkid Bronze Contributor Read Millionaire Fastlane

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    400$ for a book?
    I hope it contains the holy grail to wealth. For that kind of money you can feed a village in Africa for 6 months. God I wish people were more keen on sharing/giving.
     
  3. Runum
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    Runum Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    Dameron and StompingAcorns like this.
  4. ITA
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    ITA Contributor

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    Yep; this book rocks.
     
  5. Runum
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    Runum Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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  6. Forbes
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    ^ i'm not done with it yet but it's a hard slap in the face. I have become too comfortable in my life and thought that i everything would just fall into place. If your goal is just extra income, this is not the right book for you.

    The author tells you brutally that you will need to sacrifice a big chunk of your life to gain mega wealth. There really is NO secret to it - whoever works harder and longer gets to the top. Intellect/IQ does not make you wealthy.

    What makes Pena different is that he made his money from actual business from scratch and not through selling books or seminars like most success gurus. He did it all during a recession like we're going through

    Currently I'm interviewing financial institutions to raise more capital for my business. It's a computer help website with phone, chat and email support.
     
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  7. mrgoodcat
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    I found it free (pdf version) here:
    [MODERATOR DELETED]

    It is a super interesting read, although its really long. I would suggest it if you have a lot of free time or bored.
     
    Sharp and BPA like this.
  8. BPA
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    BPA New Contributor Read Millionaire Fastlane

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    Great first post mrgoodcat! ++speed for the link. I'll give this a read and see if it's really worth the high price tag.
     
  9. mrgoodcat
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    mrgoodcat New Contributor

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    Lol thanks..I was reallly expecting to get the post deleted and me banned. Since it was a sketchy rapid share link, and i'm a new member! However I thought it would be worth while to save some members a few hundred bucks that they could put back into their business.
     
  10. FDJustin
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    FDJustin Contributor

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    I'm still waiting to see what happens. This isn't exactly a warez forum, so I don't expect it to go over well, even if there are individuals who'll appreciate the opportunity to get something they might not be able to / bother to otherwise.
     
  11. mrgoodcat
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    Of course.. I was just waiting for "that guy" to show up!!!
     
  12. BPA
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    BPA New Contributor Read Millionaire Fastlane

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    I think many of the members on here are highly skeptical of Forbes and his mentioning this guy in every thread he's posted in, and are also highly skeptical of a product that sells for 20x more than comparable products without any foreseeable reason. Personally, I feel that this Mr. Pena is scamming innocent people out of their money. But that is only my opinion, and I can definitely understand why some would disagree.
     
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  13. Jonleehacker
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    Jonleehacker Gold Contributor Read Millionaire Fastlane Speedway Pass

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    The post shoud be deleted - stealing copyrighted material is against the law, bad business and you are reinforcing within yourself that you are a loser who can't afford to pay for things of value.
     
    77startup likes this.
  14. BPA
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    BPA New Contributor Read Millionaire Fastlane

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    Check your PMs Jon.
     
  15. FDJustin
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    FDJustin Contributor

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    Forbes doesn't seem to mention it in many posts (skimmed through his posting history, so I may have easily missed it)... From what I've seen, this is a community where people are only really trusting of results. If you pick up a book and think it's gold - that's good. If you pick up a book, apply something within it and know that it works, it's gold.
    Until then words on a page are just a quick buzz that may or may not be valid, and they may be very limited to who they're valid for.

    Whether or not it's a scam depends entirely on the validity of his claims, and what he's put into the work.

    I don't know why you suspect he's scamming. If it's based on price, then... Gouging might be right, scamming might not. A scam is when someone lies or feeds you garbage and makes you pay for it.

    Mr. Pena might very well feel that $400 is a good price for it based on how much value he thinks he's put into it, and what people are willing to pay for information products he's competing with...
    After skimming the introduction I see he claims to have made very large number of business actions and been at it for 25 years. That he's made many many millions, etc, etc. So to him $400 for his advice is probably validated so long as he's all he claims to be.

    I won't likely be reading it, so I won't likely know if it's worth anything (to me) or not. This decision is completely ego based; I feel I know everything I need to know for my current state of being. Right now I'm not successful, not because I don't yet have the knowledge necessary. There's no lack of idea, or method that I need. (Except there will be methods I need along the way, but these will most likely relate to what I'm doing specifically). Right now my problem is that I haven't properly instituted "being what I wish to become." yet.

    Anyway... This post is getting long simply because I feel like talking. :p I better channel the focus into defining what I wish to become so I can begin living it.
     
  16. PaulRobert
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    PaulRobert Gold Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    Yup, I reported you because I thought you were posting some spam. Even though your intentions were good and you wanted to help, I agree with JonLeeHacker. That .pdf is a form of piracy. And I do not do anything that is illegal, especially when it comes to buying music, movies or books on the internet. People have put their time, effort, and passions into their product and sell it on the internet.It's like shoplifting, but with a mouse and keyboard instead of your pockets and slick hands. If you were in Dan Pena's shoes and saw the link you posted, I'm pretty sure you would be PMing the mods to take it down. Also, post a intro in the Intro section, so we can welcome you.
     
    1 person likes this.
  17. LightHouse
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    LightHouse Legendary Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Mrgoodcat, is the previous "aptohosting"........ not sure if you all picked up on that, he is not a new member.
     
  18. Runum
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    Runum Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    Chris, how do you know this to be true?
     
  19. Luke12321
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    Luke12321 Bronze Contributor Read Millionaire Fastlane FASTLANE INSIDER

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    If I recall correctly, that was his AIM screen name. That don't make it him but before I got down to this post...I was wondering if it was him. So much for intro's....I guess.
     
  20. Runum
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    Runum Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    Ahhhh now I see. Thanks Luke, you are probably right. Apto, a response? PM sent.
     
  21. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Admin Post
    The link to the pirated copy has been deleted ... I certainly wouldn't want my book on there whether it be $19.95 or $400.
     
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  22. Russ H
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    Russ H Gold Contributor Read Millionaire Fastlane Speedway Pass

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    Wow, this statement took me completely by surprise.

    I've been at this 20+ years and feel like I know very little.

    Each day the rules change a little.

    And each day is a new learning experience for me! :banana:

    -Russ H.
     
  23. FDJustin
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    FDJustin Contributor

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    To Russ:

    Oh, there's no doubt some very good information that can seriously help me. I just don't think I'm really at a spot where I can properly absorb and use it.

    So I'll feel like I know all I need to know until sometime down the line (probably not that far) when I get lost or confused and feel like I know nothing again.

    It might be silly, but it's not really a bad thing. I read too much as it is. Look at just about every new post on these forums, have 18 tabs open in chrome currently, and I probably spend more time reading every day than I do everything else combined. So the current bit of ego will help me focus away from research and focus more on doing.
     
  24. Russ H
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    Russ H Gold Contributor Read Millionaire Fastlane Speedway Pass

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    FDJustin-

    DOING is by far the best way to learn.

    But having a voracious appetite for learning new things will never serve you wrong-- UNLESS you postpone DOING for just passively reading about new things (what folks in my family of educators call "professional students" ;) )

    -Russ H.
     
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  25. 365
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    365 Contributor

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    I've read his book, let me see if I can give the nutshell overview.

    His approach to business and entrepreneurship is that of a dealmaker (for those who are familiar with WealthDynamics). He made his money through acquisitions, raising equity and debt, joint ventures and partnerships and going public.

    He is a child of the buyout boom of the 80s and the method he teaches relies on leverage, acquisitions (leveraged buyouts) and dealmaking/negotiating skills. Some of his stuff is great (how to deal with bankers, attitude towards accountants and lawyers, personal attitude towards success). Then again, buying businesses and borrowing huge amounts of money is a) risky and b) definitely not a strategy for beginners.

    It sounds easy when you read it. I've listened to a tape of his from the mid 90s where a girl was working with him and making leveraged acquisitions of trailer parks to 'consolidate the industry'. Her company went bankrupt a couple of years later..
     

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