The book “The Richest Man in Babylon” says:
spend less than you earn – that is all the secret to accumulate huge money.
save 10% for investment.
use 20% of your spend money loan to repay. if you have a loan to repay. (keep saving the 10% for later investment)
spend only 90% of your money . to accumulate faster invest saved money wisely with competent people.
if you see an opportunity for investment you need to make effort go and take it. many opportunities go by missed. you have to go and take them. make an effort. ask how can you join.
to whom loan money to for good use, or whom to ask for a job or advice?
Continue reading “Good ideas for personal finance management”
learn this vocabulary: assets, liabilities, income, expenses, exchange risk, default risk .
A smart task in life is to work towards acquiring assets.
Financial Statement with explanations:
Continue reading “Rich Dead Poor Dead in a short video”
she is The best resource on: How to overcome self distraction and self destruction and other addictions
her audiobook is:
Continue reading “How to overcome self distraction and self destruction and other addictions”
formula how tech addictions are created.
read the full article:
Conquer Distractions With This Simple Chart
some people work smarter
if you analyze work. work is from two parts, one is selling the other is doing the work.
money comes only from selling. not from doing the work.
Continue reading “how to work smarter”
Demand for Instant Gratification – You see it all around you.
People are addicted to things that give them instant gratification. People even addicted to instant gratification itself.
If there is an instant gratification, then there can be addiction. if there is addiction, then there is a business.
it is possible to make products addictive. Continue reading “Instant gratification in business”
It is possible to be smart about profitability.
they are relevant for business owners, freelancers, and stock market traders.
there are few ideas I know about profitability, here they are:
the first one is:
The profitability is in the mix
profitability arises when it is hard for people to evaluate the value of something, the more it is vague, and unknown the more crazy numbers you see.
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Donald Trump has some edge, he knows to delegate well.
like that people would do something even if he doesn’t ask it directly.
there was some kind of comics about delegation. and there were examples of how to delegate well. you may know you can’t force people to do things. so there was a manager that asks to do things explicitly. this caused micromanagement. another one, the good one, told there is a problem and asked for help to solve it.
A story I had at work, we wanted to write about that we solved a problem that wasn’t there and had to present it in a powerpoint presentation. so we like thought how can we give people clue that it is something significant, and people did not get it. that is is a bad thing or a problem then, I thought maybe I can tell that it is a problem then I recalled Donald Trump.
Continue reading “how to delegate like donald trump”
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