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

 

Current Reading

 This book talks about the Wisdom of Jewish people

Quote from Napoleon Hill

 

“Every human being has the ability to completely control his own mind.”

Quote from Sir William Osler

 

“ Our main business is not to see what lies dimly at a distance, but to do what lies clearly at hand.”

Peak and Valley

 When I am down, I always remind myself the quote from the Peaks and Valleys book.

"Peaks and Valleys are connected.

The Errors you make in Today's Good times create tomorrow's bad times.

And the Wise things you do in today's bad times create tomorrow's Good times. "

DOCTOR ON FIRE

 My current book reading

 

Lessons from Earl Nightingale "Winner's Attitude"

 Notes:

1. Our attitude will affect the successfully outcome of everything.

2. Our attitude towards life will determine life's attitude towards us. 

3. We are interdependent, our attitude to others will determine their attitude towards us. 

4. In order to become the people who achieved the life we want, we must first become that kind of individual. 

5. The higher you go in any organization, the better the attitude of the people in charge. 

6. Your mind can hold only one thought at a time. 

7. The deepest craving of human is to be needed and to be appreciated. 

8. Look for the best in any new idea.

9. Don't waste valuable time broadcasting personal problems

10. Don't talk about your health unless it is good. 

11. Radiate the attitude of a healthy well-being.

12. Treat anyone you come into contact as if they are the most valuable person on the planet. 

Positive Quote for today

“Setback was a setup for come back”

From Anonymous

Rich Habits summary from Thomas Corley

 10 Rules of the Rich

1. I will form good daily habits and follow these good habits each and every day. 

2. I will set goal for each day, each month, each year and long term. I focus on my Goals every day. 

3. I engage in self-improvement daily. 

4. I will exercise 30 minutes every day

5. I will devote part of each day forming good relationship. 

6. I will live a balanced life daily. 

7. I will accomplish my daily task every day. 

8. I engage in RICH thinking every day. 

9. I save at least 10% of my post tax income every paycheck

10. I will control my thoughts and emotions each and every day. 

Lessons from Earl Nightingale Top 5%

 

Start with a story of 100 young man at the age of 25. After 40 years, only 5 of them became financially independent which is the Top 5% of this topic.  

Earl shares 2 main reasons why this people make the top 5% of the group including 1st they focus their effort on doing a better job in their work and 2nd is they save at least 10% of what they earn. And these are the two main reasons why these top 5% of people become financially independent. 

Current Reading

 

Great Quote

 

"What lies behind us and what lies before us are tiny matters compared to what lies within us."

                                                                             By Ralph Waldo Emerson

Slam Dunk Movie Poster

 

Good Movie to Watch. Remember the saying, if we give up fighting now, the match will be over.  

Powerful Quote

 

"You have to believe you control your destiny"

                                                  Oprah Winfrey