Book summary from "Think Like a Billionaire Become a Billionaire" by Scot Anderson Part 1

 

Where you are today is a collection of the thoughts you had yesterday, where you go tomorrow is based on your thoughts today. 

Money - We look for ways to spend money. Billionaires look for ways to invest money. 

Billionaires use a little for the extra in life and major portion to create an abundance for life. The average people use a major portion on the things on life and a little bit to invest. 

Investing - Average people invest just a little. Billionaires realize investing is the key to abundance. 

JOBS - Average people think a better job will make us wealthy. Billionaire know a job will never make them wealthy. Investment Will. 

The wealthy saw their jobs as a tool to get money to Invest. 

Risks - The average person stay away from risks because they might fail. Billionaires know if they don't take risks, they have already fail. 

The Wealthy know that failing does not make them a failure. Never trying does. 

Wisdom: The wealthy read 2 books a week. 

TIME - The average people waste time. Billionaires see time as their most valuable asset. 

FIRE achieved

 

I have finally achieved FIRE. Passive income $63,000 HKD PER MONTH and monthly expense $62,050 HKD .

HIGHLY RECOMMENDED BOOK FOR FINANCIAL FREEDOM

 

My 5 Sources of Income

 To become wealthy and maintain one's wealth. One must have more than one source of income stream. 

My current source of income:

1. Salary income 

2. Dividends income (stock investment)

3. Stock options income (from writing stock options)

4. UK property rental income

5. Bank interest income

Chapter2 : The Success Principles Workbook

 I have learnt to determine my life purpose. 

Chapter 1: The Success Principles Workbook

In the first chapter of The Success Principles workbook. I have learned to take hundred percent responsibility for my life. No blaming. No complain. No excuse. 

New reading before my Birthday