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talabib · 4 years

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A Self-Made Millionaire's Path To Financial Independence.

“Money is the most important thing in the world.” It’s a startling and borderline heretical claim. After all, we’re told time and again that you can’t buy happiness.

Well, sure – you can’t spend your way to Earthly bliss. But here’s the flipside: poverty is pretty sure to make you miserable. Far from being the root of all evil, money is the most important tool we have to improve our quality of life. 

If you want to look out for the people you love, you’ll need money – the more, the better. Want to spend more time with your kids? Ditto. How about creating time for leisure, reading, going to the theatre and discovering new cultures and countries through travel? You’ll have guessed the answer by now: money. 

That’s the philosophy of Kristy Shen, a self-made millionaire who retired at 31. In this post, we’ll be exploring how she did it. Expect plenty of unashamedly contrarian takes, left-field strategies and novel concepts. More to the point, expect to find a roadmap to wealth creation, debt eradication and financial independence. 

You’re more likely to make sound decisions if you follow the math rather than your passions.

In 2005, Steve Jobs gave a commencement speech at Stanford University. His advice to the students? “Follow your heart.” That feel-good mantra rippled around the world. Endorsed by the great and good, it soon came to feel commonsensical – why on Earth wouldn’t you follow your passions and do something you love?  Here’s one reason: it’s often the wrong choice. 

Take the often life-defining decision students make every year about what they’re going to study. That was just what Kristy was mulling over back in 2000. She had a shortlist of three possible majors – creative writing, accounting and computer engineering. Her heart told her to go with writing; math told her to go for engineering. Kristy followed the latter’s advice. It was a good call. 

Let’s look at that math. A four-year program in Canada costs about $40,000. Professional writers fall on a spectrum between the unpublished newbie who earns zilch and established pros like Stephen King who earn millions. The average income, however, is $17,000. In 2000, the minimum wage was $6.85 an hour or $14,248 a year. That’s what anyone without a degree could expect to earn, so subtracting that sum from $17,000 told Kristy how much a writing degree was worth: a measly $2,752. 

An accounting degree, by contrast, was worth around $24,000 more than the minimum wage. Computer engineering meanwhile netted you a whopping $40,000 more every year. 

But hold up. You can’t put a price on happiness – surely dreams are worth pursuing whatever the bottom line says, right? Well, not necessarily. After all, if you don’t know where your next meal is coming from, you’re unlikely to wake up excited about your work, especially if it calls for creativity. Passions also change over time; a 2013 study published in Science found that the dreams of nearly all of the 19,000 participants had changed significantly over the previous decade. 

And that’s why it pays to follow the math. Just ask Kristy. Today, she’s a professional writer. The reason she got there is simple: her well-paying engineering job meant she wasn’t reliant on writing to make the rent. Money, in other words, provided her with the foundation which eventually allowed her to pursue her true dream. 

Kristy’s Chinese heritage taught her that debt is a trap to be avoided at all costs. 

Did you know that on average Chinese citizens save 38 percent of their income? Americans, by contrast, squirrel away 3.9 percent of what they earn while the Japanese keep just 2.8 percent for a rainy day. So what’s going on – are the Chinese just inherently frugal? 

Not really. Even before the communists came to power in 1949, corruption was endemic in China. Combine that with the absence of official credit channels like bank loans and you had the makings of a culture which ran on favors. When folks wanted to buy something big, they had a simple choice: take on an onerous personal debt and put themselves in someone else’s power, or save up until they had enough cash to buy it outright. That’s why, historically, debt in China is understood not so much as an “IOU” but an “I own you.” 

If you’re Chinese like Kristy, that history means you’re basically programmed to avoid debt like the plague. But here’s the thing: when you crunch the numbers, it turns out that’s a pretty good attitude to adopt wherever you live. 

Take the Rule of 72, an insight first formulated by a fifteenth-century Italian mathematician called Luca Pacioli. Here’s how it works. To work out how long it takes for your investment to double, divide 72 by the return rate of your investment. So let’s say you’re getting six percent on your $1,000 investment. Seventy-two divided by six equals 12. This last number is the number of years you’ll need in order for that grand to compound into $2,000. Over time, the balance increases. The money you make makes more money.

If you’re an investor, the Rule of 72 is your friend; if you’re a debtor, it’s your worst enemy. Say you buy a $1,000 TV on credit. Typically, the interest rate will be around 20 percent. Divide 72 by 20 and you get 3.6 – that’s how long it’ll take your debt to double! After seven years, it will have almost quadrupled. 

When you put it like that, the Chinese custom of paying off personal debts during the New Year on pain of being cursed with 12 months of misfortune starts to make a lot of sense. But don’t worry – the idea here isn’t to scare you.

Consumer debt is a financial crisis which needs to be addressed immediately. 

Debt is a blood-sucking vampire. It bleeds you dry. Worse, it leaves you terrified of the sunlight, trapping you indoors in an endless cycle of work and repayment. If you want financial independence, you’ll have to put a stake through this bad boy’s heart. 

Consumer debt has the highest interest rates, so that’s where you should start. The first thing you’ll need to do is cut your expenses to the bone. It’s painful but essential. As we’ve seen, the Rule of 72 means your debts grow at an ungodly rate. If you’re saddled with a 10 or 20 percent interest rate, there’s no point trying to save or invest your hard-earned cash – there’s no getting in front of debt. Do whatever it takes, whether it’s finding a side hustle, renting out a spare room, or saying “no” to dinners out. 

Next, you’ll need to prioritize how you repay your loans by putting them in order based on interest rate, from highest to lowest. When you’re surrounded by hungry vampires, it’s always a good idea to kill the one with the biggest appetite first. That means paying the minimum monthly repayment on all your cards to avoid defaulting and throwing everything that you don’t need for essentials like rent at the nastiest bloodsucker. Paying off your smallest loan might make you feel good, but you’re not trying to massage your ego here – you’re fighting for your freedom.

The final step is refinancing your loans. Lots of credit card companies allow you to transfer balances between different cards and pay zero percent interest for a certain amount of time. That’s usually a year. If you’re sure you can use these so-called “grace periods” to pay off a loan completely, use this option. Bear in mind, however, that these companies are gambling on you failing to do so, which will allow them to jack up the interest rate and screw you. 

Remember, trying to gain financial independence while carrying around debt is like running a marathon with a backpack full of bricks – it’ll sap your strength before you’ve even run a mile. If you want to grow your assets, you need to kill that vampire!

If you want to buy happiness, spend your cash on experiences rather than stuff. 

What does cocaine have to do with shopping? Surprisingly, quite a lot. Understanding that connection holds the key to getting the most out of the money you decide to spend on luxuries. 

But before we get to that, let’s talk about the brain. When something good happens, the “pleasure chemical” dopamine surges through your mesolimbic pathway, essentially your brain’s main highway, to the nucleus accumbens – a kind of dopamine processing plant. A substance like cocaine triggers this surge – but so does splurging on a Gucci handbag. In both cases, the reward is a massive neural high. 

Here’s where it gets interesting. As a 2006 article in the journal NeuroImage demonstrated, the nucleus accumbens doesn’t just react to positive stimuli – it also reacts to the expectation of those stimuli. In other words, pleasure isn’t just about absolute dopamine levels but how much dopamine our brains expect is on the way. 

Unfortunately for cocaine addicts and shopaholics, the brain keeps ratcheting its expectation levels upwards. That’s why people need ever-larger amounts of cocaine and ever-more expensive handbags – they’re forever chasing that unrepeatable first high. 

That means you’re not going to enjoy yourself even if you’re wealthy enough to fund your shopping habits. This might sound like the preamble to an old-fashioned moral lecture about how money can’t buy happiness, but it’s really not. Truth be told, it can. It just boils down to what you’re spending it on. 

Not all spending is created equal; some kinds go further than others. When Kristy started her blog and began receiving emails from her readers, she noticed a trend. The more stuff people owned, the unhappier they were. Folks who owned less and used their money to buy experiences, by contrast, were pretty happy with their lot in life.

That’s because possessions give you an initial burst of dopamine which fades as your nucleus accumbens acclimatizes. The pleasure that comes with learning new skills or traveling doesn’t fade nearly as quickly. As long as you practice now and again, you’ll always be able to play the piano, and those holiday snaps from Rome will always take you back to that week you spent in the Eternal City with your husband. 

Buying property isn’t the failsafe investment it’s made out to be. 

Lots of folks are cautious about borrowing money, but they usually make one big exception: a mortgage. Conventional wisdom says buying a house isn’t just a rite of passage into adulthood but a wise investment in the future. After all, you can always sell at a profit, right? 

Well, no. In reality, property comes with all sorts of hidden costs. Let’s talk numbers.  According to the US Census Bureau, the average family stays in their home for 9 years. Typically, these families invest in brick and mortar in the expectation that property prices will rise. Historically, that rate rises and falls with inflation, but for simplicity’s sake, let’s assume here that prices increase by a steady 6 percent every year. 

Our family – let’s call them the Smiths – buy their house for $500,000. Add 9 times 6 percent – 9 years at 6 percent inflation – to that and you get $844,739. That leaves a tidy profit of $344,739. 

Not so fast. To buy the property, the Smiths need a title search from the land registry office. That’s $1,000. The title recording fee costs $150. The lawyer who processes those documents charges another grand. 

Then there’s insurance. Rates vary across the US, but 0.5 per cent of the house’s value is pretty common. Paid annually for 9 years, that comes to $22,500. A property tax of 1 percent per annum adds another $45,000 to the bill. Meanwhile, realtors advise setting aside at least one percent of a home’s value every year for maintenance, which is what the Smiths do. That’s another $45,000. 

Selling isn’t cheap either. A commission of 6 percent of the final sale price clocks in at $50,684. The land transfer tax is 1.2 percent, so that’s $10,137. Oh and there’s another lawyer, who also bills for $1,000. 

That brings us to $175,571 – 51 percent of the Smiths’ profit. But we haven’t talked about interest yet. Like most families, the Smiths paid a ten percent down payment in cash and borrowed the rest from their bank. Over 9 years, they have paid $162,033 in interest. 

That’s a whopping 98 percent of the sale price. And remember, we started by assuming that the value of the Smiths’ house would grow by 6 percent every year. That’s well above the actual inflation rate in the US, which is about 2 percent. In the real world, the Smiths would have lost money!

Use the “Rule of 150” to decide whether to buy a house or use your money for something else.

We crunched the numbers and saw that the cost of buying, owning and selling a house outweighed the returns in the case of a fictional American family. The moral of the story, however, isn’t that you should never buy a house – it’s that you need to work out if that’s a good call in your situation.

Ask a realtor and they’ll swear it’s all very simple. If the monthly mortgage payment equals the rent on a similar house or apartment, you’re better off buying rather than giving your money to a landlord. Look more closely, however, and you’ll find it’s a little more complicated. 

That’s where the Rule of 150 comes in. This is a tool to help you compare the true cost of owning a home with what you would be saving by not renting. Here’s how it works:

Over the first 9 years of a standard 30-year mortgage, only about 50 percent of your payments go towards the actual loan; paying off interest on that loan accounts for the other 50 percent. Now, additional ownership costs like maintenance and insurance are roughly equal to the interest on a standard mortgage during those first 9 years, so that’s another 50 percent. So to calculate your actual monthly payments, you’ll need to multiply your monthly mortgage payment by 150 percent.

That’s how much your home will actually cost per month once you’ve accounted for all your expenses. So say you’re looking at a monthly mortgage bill of $1,500. When you multiply that by 150 percent, you get your true cost – $2,250. If your Rule of 150 monthly cost is higher than your rent, it makes sense to stick it out in the rental market; if it’s lower, you might want to think about buying. 

When Kristy first considered buying a house, she was living in Toronto, Canada’s most expensive city. Prices were out of control and one-person apartments were going for a million dollars apiece. After applying the Rule of 150, she quickly realized that there was no way she was going to be able to buy her own home. 

That opened an unexpected can of worms. If she wasn’t going to blow her savings on property, what was she going to do with that nest egg?

Index investing is less risky than betting on individual companies. 

The American business guru Robert Kiyosaki once remarked that poor people buy stuff, the middle class buys houses and rich people buy investments. What he meant is that rich people put their money into things that make them more money. But you don’t have to be a multi-millionaire to follow their lead. 

Broadly speaking, there are two ways of investing. The first is to do what Wall Street whizzes do – spend a ton of cash on research and fancy algorithms to pick the best companies. The second variant is cheaper, simpler and, most importantly, less risky. 

That’s called index investing. Think of it as betting on the casino rather than individual horses. It doesn’t matter who wins the race – the house always makes money. Let’s unpack that. 

An index is a list of companies ranked by market capitalization, or the overall value of their public shares. When you invest in an index, you’re effectively betting on every one of those listed firms. Because the index contains the stock of multiple high-performing companies, a single failure won’t wipe you out. The only way you can go bust is if every name on your index simultaneously files for bankruptcy. 

That’s highly unlikely. Why? Well, index investing has an elegant built-in barometer. If a company is worth more, the index automatically picks up more shares in that company, and vice versa. If a tech giant releases a world-beating smartphone and its stock soars, the index buys more shares. If a car company runs into trouble and their stock plummets, the index dumps shares. And when a company drops in value from number 500 to number 501, it’s kicked off the index entirely. 

This is a highly intuitive way of gauging the stock market as a whole, which is why major indexes like the S&P 500 – a list of the 500 biggest companies – work like this. 

Index investing is also good for your wallet. The simplicity of the concept means there’s no need to pay for a hands-on fund manager. In the US, for example, a typical index fund charges fees of just 0.04 percent – 25 times lower than what you’d pay for an actively managed fund. The sales commission? $0. If you ever want to see your bank manager sweat, head to your local branch and ask to have your savings put into index funds!

Early retirement doesn’t depend on how much you make – it’s all about how much you save. 

Chances are you’ve idly daydreamed about early retirement. Most folks quickly shelve that idea when they take a look at their bank balance, though. If you’re not raking it in, you just can’t afford to stop working before your mid-sixties, right? 

Wrong. Your time to retirement doesn’t depend on how much you earn but how much you save. If you’re making and spending a million bucks a year, you’re entirely dependent on your job and won’t ever be able to retire. If you make $40,000 a year and spend $30,000, on the other hand, you already have a healthy savings rate of 25 percent. 

The “normal” retirement age is 65 because most people save between five and ten percent of their salaries and have investment portfolios yielding an average of six to seven percent annually. Plug those numbers into a spreadsheet and you’re looking at 40 to 45 years of work. 

The way to reduce that time is to up how much you’re saving. This does two things. Firstly, it cuts your living expenses, which in turn cuts the size of your target portfolio – the amount of cash you’ll need to retire. Secondly, it pumps more money into that portfolio. Think of it as a race: you’re moving the finish closer while also running faster. Even relatively small changes have a big impact. Boosting your savings rate from ten to 15 percent, for example, shaves 5 years off your working life! 

Still not convinced? Well, okay, let’s take a look at the case of a fictional couple we’ll call Paul and Jillian. Together, their annual earnings come to $62,175. That’s the median family income in the US. Deduct 15.2 percent for taxes and you’re left with $52,724.40. 

Now imagine Paul and Jillian decided to turbocharge their savings rate. They rent a small apartment in an affordable city, cook at home and use car-sharing services like Zipcar. All in all, they pay $40,000 to cover their costs and put $12,724.40 into their portfolio every year. 

Let’s lowball the interest rate they’re getting on that and say it’s 6 percent. Even if they never get promotions or better-paying jobs, Paul and Jillian would have a million dollars in 30 years. If they started at 24, they could retire at 54 – 11 years ahead of schedule!

Reducing the size of your target portfolio makes early retirement more manageable. 

How much do you need to save to retire early? That’s exactly what researchers asked in a landmark study published in the investment journal AAII in 1998. 

They used stock market data to simulate what would happen to a group of fictional retirees who withdrew different percentages of their portfolios every year after retirement. Would “Alan,” for example, make it over the line or run out of cash if he withdrew 10 percent of his $500,000 nest egg every year? 

Here’s the answer: Your portfolio is self-sustaining when your annual living expenses are no greater than 4 percent of its total value. Economists call that a safe withdrawal rate. This number allows you to determine the size of your target portfolio – simply multiply your annual expenses by 25. If you need $40,000 a year, you’re looking at a $1,000,000 portfolio.

That’s a lot of cash, right? Sure, but don’t let that put you off – there are also alternative strategies. Take partial financial independence. This gives you the benefits of financial independence, such as flexibility and having more free time, and it’s achievable with a smaller portfolio. 

Say you earn the US median family income of $62,175 and need $40,000 a year to cover your living costs. If you shift to part-time work and earn $28,000 after tax, you’ll have an annual shortfall of $12,000 in your budget. Multiply that number by 25 and you have your new target portfolio – $300,000. Save that amount and you can enter semi-retirement!

Then there’s geographic arbitrage. This is the idea that you can earn income in a country with a strong currency like Germany or the US and retire in a country with a weaker currency like Mexico or Thailand. When Kristy and her husband Bryce visited Vietnam, for example, they realized that you can live a luxurious life there for around $1,130 a month. 

If you’re earning the local average salary of $150 a month, that’s unaffordable; if you’re earning the average US monthly salary, however, it’s well within your reach. So what does your target portfolio look like now? Multiply $1,130 by 12, which gives you $13,560. Then multiply that by 25 and you have $339,000.

So there you have it – a ton of tricks to help launch your journey to financial independence. All you have to do now is ask yourself a simple question. What’s more important – accumulating expensive things or your freedom? Answer that honestly and your money decisions will become clear.

Getting a handle on your finances comes down to one basic principle: follow the math. That means ignoring feel-good advice like choosing to study a subject you love rather than one that will bring in a salary you can actually live on. It also means bucking social trends if they’re not right for you. Crunch the numbers and you might just discover that you’re better off investing your savings in the stock market rather than buying a house and saddling yourself with a lifetime of debt. Why? Well, if you’re growing your money while avoiding ruinous interest rates, you’re setting yourself up for financial independence. And that means you’re one step closer to the ultimate dream: early retirement. 

Action plan: Make invisible waste visible.

Consumerism promises happiness but it’s usually little more than a temporary fix. What it does generate is waste. A lot of waste. Take clothing. According to the Guardian, Americans throw away 11 million tons of clothes every year. So here’s how to eliminate waste in your own wardrobe: make it visible. Simply push all the clothes in your closet to the left, and place an empty hanger with a piece of masking tape in the middle. Everything you wear from now on goes on the right of the marked hanger after it’s been washed. Over time, this reveals how often you use different items. On the right, are the superstars of your wardrobe; in the middle, pieces you do wear but infrequently; and on the left, clothes you never take out at all – the waste. 

#A Self-Made Millionaire's Path To Financial Independence.

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petervintonjr · 4 years

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Lesson 34: "There is no royal flower-strewn path to success. And if there is, I have not found it."

First of her siblings to be free-born (Louisiana, 1867), Sarah Breedlove's earliest days are scant on details. What is known is that she married a young man named Moses McWilliams at the age of 14 and had a daughter, A'Lelia. Unfortunately Moses passed away 2 years later and Breedlove and her daughter moved to St. Louis. Breedlove found work as a washer woman (a fact she would relate years later without shame or apology), and attended night school, ultimately earning her degree and moving to St. Louis. In 1906 she married an advertiser, Charles Joseph Walker, whereupon she took the name C. J. Walker for herself.

The Madam C. J. Walker Manufacturing Company arose out of a moment in Walker's life when she experienced some hair loss and other scalp afflictions. At the time there was a minimal market for hair care products specifically for black customers, though there were some nascent companies from which Walker took her cues. She moved to Denver, CO and created an independent hairdresser and cosmetics company which quickly grew to meet an overwhelming demand, ultimately leading to a national network, dedicated training schools, and an R&D department. Word of "The Walker System" of multi-level marketing spread, and at the company's nadir its employees numbered in the thousands (many of them women of color in management and leadership roles), and listed Booker T. Washington among its investors.

"Now I realize that in the so-called higher walks of life, many were prone to look down upon 'hairdressers' as they called us; they didn’t have a very high opinion of our calling, so I had to go down and dignify this work, so much so that many of the best women of our race are now engaged in this line of business, and many of them are now in my employ."

Today the The Madam C. J. Walker Manufacturing Company is regarded as one of the most widely known and financially successful African-American owned businesses of the early twentieth century, and Walker herself holds the distinction of being one of the first-ever American women to become a self-made millionaire.

Walker is freshly re-energized in the American consciousness this year (2020) due to the Netflix series Self-Made that bowed in March. Accordingly, your recommended reading for this lesson is the biography On Her Own Ground by Walker's great-great-granddaughter A'Lelia Perry Bundles.

#black lives matter #on her own ground #self-made #madame cj walker #dothework

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alltimebestbooks · 4 years

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Best Investing and Finance Books

Best Investing Books

1. The Intelligent Investor by benjamin graham

The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of “value investing”—which shields investors from substantial error and teaches them to develop long-term strategies—has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.

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Investing in high-quality business (stock) at the right price and holding them for a reasonable period is the only way for wealth creation.Written in an easy-to-understand and simple language, this book will guide you on how to select fundamentally strong business, when to buy and sell stocks and above all how to minimize or avoid loss in the stock market. Chapters- 1. How to avoid loss in the stock market? 2. Stock Market is NOT risky at all 3. First step of picking winning stocks 4. How to evaluate management? 5. Valuation - It matters much 6. When to buy and when to sell 7. Do's and don'ts to avoid loss in the stock market 8. How to construct your portfolio? 9. Is it required to follow an equity advisor? 10. Quick formula for picking winning stocks 11. Little bit of myself - Important Lessons to be learnt

The book ends with a small note on "Life is not all about the stock market and money"

3. One Up On Wall Street: How to Use What You Already Know to Make Money in the Market

Penned by the famous mutual-fund manager, Peter Lynch, this book elaborates the many advantages that an average investor has over professionals and how they can help them reach financial triumph.

How To Use What You Already Know To Make Money in The Market explains how your knowledge alone can assist you beat the pros of investing. From the viewpoint of America's most triumphant money manager, investment chances are extensively accessible. Whether supermarket or work place, you can find goods and services everywhere. You have to select these organizations in which to invest, before they are found by skilled analysts. You will find more interesting knowledge on investment. Thus the book has become one of the best seller and treasure among readers. Moreover, this book provides time less recommendation on money business. This book has discussed the tips, ebb and flows on building it big in the investment market.

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Written by the acclaimed entrepreneur, William J O'Neil, How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition is a handy guide that that deals with the stock market and its intricacies. The author of this book has written down the hard-earned knowledge he gained from his own experiences as an investor.

The price charts of winning stocks from the past century have been listed out in the beginning of this book. These charts are supplemented with notes throughout in order to make them more comprehensible to readers. In this book, the author discusses his trademark CAN SLIM method of investing.

The CAN SLIM method put together by the author consists of 7 steps which are aimed at maximising profits. This book imparts valuable information about the times when one needs to cut a loss and the times when one needs to invest and make a profit.

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How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition runs its readers through important investment-related aspects such as an organisation's growth rate, demand and supply, mutual funds, etc

5. Irrational Exuberance by Robert J.Shiller

As Robert Shiller’s new 2009 preface to his prescient classic on behavioral economics and market volatility asserts, the irrational exuberance of the stock and housing markets “has been ended by an economic crisis of a magnitude not seen since the Great Depression of the 1930s.” As we all, ordinary Americans and professional investors alike, crawl from the wreckage of our heedless bubble economy, the shrewd insights and sober warnings, and hard facts that Shiller marshals in this book are more invaluable than ever.

The original and bestselling 2000 edition of Irrational Exuberance evoked Alan Greenspan’s infamous 1996 use of that phrase to explain the alternately soaring and declining stock market. It predicted the collapse of the tech stock bubble through an analysis of the structural, cultural, and psychological factors behind levels of price growth not reflected in any other sector of the economy. In the second edition (2005), Shiller folded real estate into his analysis of market volatility, marshalling evidence that housing prices were dangerously inflated as well, a bubble that could soon burst, leading to a “string of bankruptcies” and a “worldwide recession.” That indeed came to pass, with consequences that the 2009 preface to this edition deals with.

Irrational Exuberance is more than ever a cogent, chilling, and astonishingly far-seeing analytical work that no one with any money in any market anywhere can afford not to read–and heed.

Best Finance Books

1. The Millionaire Next Door: The Surprising Secrets of America's Wealthy

The bestselling The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Most of the truly wealthy in this country don't live in Beverly Hills or on Park Avenue-they live next door. This new edition, the first since 1998, includes a new foreword for the twenty-first century by Dr. Thomas J. Stanley.

2. Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications

John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets.

This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.

3. The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. You'll never find a wiser advisor with a bigger heart.” -- Malachi Rempen: Filmmaker, cartoonist, author and self-described ruffian

This book grew out of a series of letters to my daughter concerning various things—mostly about money and investing—she was not yet quite ready to hear.

Since money is the single most powerful tool we have for navigating this complex world we’ve created, understanding it is critical.

“But Dad,” she once said, “I know money is important. I just don’t want to spend my life thinking about it.” This was eye-opening. I love this stuff. But most people have better things to do with their precious time. Bridges to build, diseases to cure, treaties to negotiate, mountains to climb, technologies to create, children to teach, businesses to run.

Unfortunately, benign neglect of things financial leaves you open to the charlatans of the financial world. The people who make investing endlessly complex, because if it can be made complex it becomes more profitable for them, more expensive for us, and we are forced into their waiting arms.

Here’s an important truth: Complex investments exist only to profit those who create and sell them. Not only are they more costly to the investor, they are less effective.

The simple approach I created for her and present now to you, is not only easy to understand and implement, it is more powerful than any other.

Together we’ll explore:

Debt: Why you must avoid it and what to do if you have it.

The importance of having F-you Money.

How to think about money, and the unique way understanding this is key to building your wealth.

Where traditional investing advice goes wrong and what actually works.

What the stock market really is and how it really works.

Why the stock market always goes up and why most people still lose money investing in it.

How to invest in a raging bull, or bear, market.

Specific investments to implement these strategies.

The Wealth Building and Wealth Preservation phases of your investing life and why they are not always tied to your age.

How your asset allocation is tied to those phases and how to choose it.

How to simplify the sometimes confusing world of 401(k), 403(b), TSP, IRA and Roth accounts.

TRFs (Target Retirement Funds), HSAs (Health Savings Accounts) and RMDs (Required Minimum Distributions).

What investment firm to use and why the one I recommend is so far superior to the competition.

Why you should be very cautious when engaging an investment advisor and whether you need to at all.

Why and how you can be conned, and how to avoid becoming prey.

Why I don’t recommend dollar cost averaging.

What financial independence looks like and how to have your money support you.

What the 4% rule is and how to use it to safely spend your wealth.

The truth behind Social Security.

A Case Study on how this all can be implemented in real life.

Don’t let any of this intimidate you. Those that have gone before you say:

“….in his patented no-frills and often humorous style, JL makes it both approachable and simple. And powerful.” “…effective message told in a visual, funny style.” “…a refreshingly unique and approachable take on investing.” “JL Collins has the gift of making boring financial concepts funny and interesting.” “Instead of esoteric equations about measuring a stock's alpha and comparing it to its beta, he lights up the campfire and starts telling stories.”

Enjoy the read, and the journey!

4. The Essays of Warren Buffett: Lessons for Corporate America

The fifth edition of The Essays of Warren Buffett: Lessons for Corporate Americacontinues a 25-year tradition of collating Warren Buffett's philosophy in a historic collaboration between Mr. Buffett and Prof. Lawrence Cunningham. As the book Buffett autographs most, its popularity and longevity attest to the widespread appetite for this unique compilation of Mr. Buffett’s thoughts that is at once comprehensive, non-repetitive, and digestible. New and experienced readers alike will gain an invaluable informal education by perusing this classic arrangement of Mr. Buffett's best writings.

“Larry Cunningham has done a great job at collating our philosophy.”—Warren Buffett

"Larry Cunningham takes Buffett's brilliant letters to a still-higher level by organizing them into single-subject chapters. The book begins, moreover, with an excellent introduction by Larry.”—Carol Loomis

“The book on Buffett—a superb job.”—Forbes

“Extraordinary—full of wisdom, humor, and common sense.”—Money

“A classic on value investing and the definitive source on Buffett.”—Financial Times

5. Too Big to Fail: Inside the Battle to Save Wall Street

They were masters of the financial universe, flying in private jets and raking in billions. They thought they were too big to fail. Yet they would bring the world to its knees.

Andrew Ross Sorkin, the news-breaking New York Times journalist, delivers the first true in-the-room account of the most powerful men and women at the eye of the financial storm - from reviled Lehman Brothers CEO Dick 'the gorilla' Fuld, to banking whiz Jamie Dimon, from bullish Treasury Secretary Hank Paulson to AIG's Joseph Cassano, dubbed 'The Man Who Crashed the World'.

Through unprecedented access to the key players, Sorkin meticulously re-creates frantic phone calls, foul-mouthed rows and white-knuckle panic, as Wall Street fought to save itself.

#finance #investing #investing books #finance books

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The Best Movies on Netflix in India [February 2020]

In its efforts to win Oscars and please its 167 million members, Netflix has been pouring billions into movies recently, including projects from or featuring the likes of Dwayne Johnson, Martin Scorsese, and Michael Bay. One of those — The Irishman — racked up 10 nominations for the streaming service at the 2020 Oscars, though it failed to come away with a single prize. Netflix has also expanded its film efforts in India in the past year, announcing projects from the likes of Shah Rukh Khan and Karan Johar. For now though, the strength of its catalogue is still the acquisitions. With over 3,500 movies, Netflix offers more choices than any other platform in India. To pick the best movies on Netflix, we relied on Rotten Tomatoes, Metacritic, and IMDb ratings to create a shortlist. The last of them was preferred for Indian films given the shortfalls of reviews aggregators in that department. Additionally, we used our own editorial judgement to add or remove a few. This list will be updated once every few months if there are any worthy additions or if some movies are removed from the service, so bookmark this page and keep checking in. Here are the best films currently available on Netflix in India, sorted alphabetically. 12 Monkeys (1995) Inspired by the 1962 French short La Jetée, a prisoner (Bruce Willis) is sent back in time to learn more about the virus that wiped out nearly all of humanity. Terry Gilliam directs. 12 Years A Slave (2013) Duped into slavery on the account of a job, Steve McQueen's adaptation of a free New York black man's (Chiwetel Ejiofor) 19th-century memoir is an incredible true story, and an important watch. 2001: A Space Odyssey (1968) In Stanley Kubrick's highly-influential sci-fi film, humanity charts a course for Jupiter with the sentient computer HAL 9000, to understand the discovery of a black monolith affecting human evolution. It's less plot, and more a visual and aural experience.

3 Idiots (2009) In this satire of the Indian education system's social pressures, two friends recount their college days and how their third long-lost musketeer (Aamir Khan) inspired them to think creatively and independently in a heavily-conformist world. Co-written and directed by Rajkumar Hirani, who stands accused in the #MeToo movement. 50/50 (2011) Inspired by a true story, a 27-year-old radio journalist (Joseph Gordon-Levitt) is diagnosed with spinal cancer and learns the value of friendship and love as he battles the rare disease. Aamir (2008) Adapted from the 2006 Filipino film Cavite, a young Muslim NRI doctor (Rajeev Khandelwal) returning from the UK to India is forced to comply with terrorists' demands to carry out a bombing in Mumbai after they threaten his family. American History X (1998) In a film that's more relevant today than when it was made, a neo-Nazi white supremacist (Edward Norton), who served three years in prison for voluntary manslaughter, tries to prevent his younger brother from going down the same path. American Hustle (2013) In the late 1970s, two con artists (Christian Bale and Amy Adams) are forced to work for an FBI agent (Bradley Cooper) and set up a sting operation that plans to bring down several corrupt politicians and members of the Mafia. Jennifer Lawrence, Jeremy Renner star alongside. Andaz Apna Apna (1994) Two slackers (Aamir Khan and Salman Khan) who belong to middle-class families vie for the affections of an heiress, and inadvertently become her protectors from a local gangster in Rajkumar Santoshi's cult comedy favourite. Andhadhun (2018) Inspired by the French short film L'Accordeur, this black comedy thriller is the story of a piano player (Ayushman Khurrana) who pretends to be visually-impaired and is caught in a web of twists and lies after he walks into a murder scene. Tabu, Radhika Apte star alongside. Apollo 13 (1995) Ron Howard dramatises the aborted Apollo 13 mission that put the astronauts in jeopardy after an on-board explosion ate up all the oxygen and forced NASA to abort and get the men home safely. Argo (2012) Ben Affleck directs and stars in this film about a CIA agent posing as a Hollywood producer scouting for location in Iran, in order to rescue six Americans during the US hostage crisis of 1979. Article 15 (2019) Ayushmann Khurrana plays a cop in this exploration of casteism, religious discrimination, and the current socio-political situation in India, which tracks a missing persons' case involving three teenage girls of a small village. A hard-hitting, well-made movie, though ironically, it was criticised for being casteist itself, and providing an outsider's perspective. The Avengers (2012) Earth's mightiest heroes — including Iron Man, Captain America, Thor, and the Hulk — come together in this groundbreaking Marvel team-up from writer-director Joss Whedon to stop Thor's adopted brother Loki (Tom Hiddleston) and his alien army from subjugating mankind.

The Aviator (2004) With Leonardo DiCaprio as Howard Hughes and Cate Blanchett as Katharine Hepburn, Martin Scorsese dives into the life of the aviation pioneer and film producer, who grapples with severe OCD while his fame grows. Awakenings (1990) Robin Williams and Robert De Niro lead the cast of this drama based on a 1973 memoir of the same name, about a doctor (Williams) who discovers the beneficial effects of a drug on catatonic patients, thereby gifting them a new lease on life. Barfi! (2012) Set in the 1970s amidst the hills of Darjeeling, writer-director Anurag Basu tells the tale of three people (Ranbir Kapoor, Priyanka Chopra, and Ileana D'Cruz) as they learn to love while battling the notions held by society. Beasts of No Nation (2015) With civil war raging across a fictional African nation, this Netflix Original focuses on a young boy who's trained as a child soldier by a fierce warlord (Idris Elba), and the effects it has on him. Before Sunrise (1995) In the first chapter of Richard Linklater's long-drawn-out trilogy, two idealistic twentysomethings, an American man (Ethan Hawke) and a French woman (Julie Delpy), spend the night together walking around in the Austrian capital of Vienna. The Big Lebowski (1998) A guy known as The Dude (Jeff Bridges) seeks payback for his ruined carpet after he's mistaken for a millionaire with the same name in this crime comedy from the Coen brothers. Less about the plot and more about a way of living. The Big Short (2015) Starring Christian Bale, Steve Carell, Ryan Gosling and Brad Pitt, a look at Wall Street's penchant for self-profit in a vicious loop that caused the 2007–08 global financial meltdown. Birdman (2014) Alejandro G. Iñárritu won three Oscars including Best Picture for this tale of a washed-up superhero actor (Michael Keaton) who struggles to revive his career with a Broadway play. Known for appearing as if it was shot in a single take, it also starred Edward Norton, Zach Galifianakis, and Emma Stone. Blade Runner (1982) One of the most influential cyberpunk films ever made is about a burnt-out cop (Harrison Ford) who reluctantly agrees to hunt down a group of fugitive “replicants”, synthetic humans with a limited life-span who aren't allowed to live on Earth. Blue Valentine (2010) Ryan Gosling and Michelle Williams lead this drama that shifts between time periods to depict a couple's courtship and how their marriage fell apart. Das Boot (1981) One of the most authentic war movies ever made chronicles the life of a German submarine crew during World War II, as they go through long stretches of boredom and periods of intense conflict, while trying to maintain morale in a capsule 10 feet by 150 feet hundreds of metres under the surface. The Bourne trilogy (2002-07) Technically not a trilogy, but the first three chapters — Identity, Supremacy, and Ultimatum — starring Matt Damon in the lead as the titular CIA assassin suffering from amnesia were so good that they changed the longest-running spy franchise of all-time: James Bond.

The Breadwinner (2017) This animated film follows a 11-year-old girl living under Taliban rule in Afghanistan, who disguises herself as a boy to provide for her family after the father is taken away without reason. Uses wonderfully-drawn vignettes to stress on the importance of storytelling. Bulbul Can Sing (2019) Three teenagers battle patriarchy and the moral police as they explore their sexual identities in Rima Das's National Award-winning drama — and pay for it dearly. Das writes, directs, shoots, edits, and handles costumes. C/o Kancharapalem (2018) Set in the eponymous Andhra Pradesh town, this Telugu film spans four love stories across religion, caste, and age — from a schoolboy to a middle-aged unmarried man. A debut for writer-director Venkatesh Maha, featuing a cast mostly made up of non-professional actors. Capernaum (2018) In the award-winning, highest-grossing Arabic film of all time, a 12-year-old from the slums of Beirut recounts his life leading up to a five-year sentence he's handed for stabbing someone, and in turn, his decision to sue his parents for child neglect. Captain Phillips (2013) The true story of a Somali pirate hijacking of a US cargo ship and its captain (Tom Hanks) being taken hostage, which spawns a rescue effort from the US Navy. The Bourne Ultimatum's Paul Greengrass directs. Cast Away (2000) After his plane crash-lands in the Pacific, a FedEx employee (Tom Hanks) wakes up on a deserted island and must use everything at his disposal and transform himself physically to survive living alone. Castle in the Sky (1986) In the first film officially under the Studio Ghibli banner, a young boy and a girl protect a magic crystal from pirates and military agents, while on the search for a legendary floating castle. Hayao Miyazaki writes and directs. Chupke Chupke (1975) Hrishikesh Mukherjee's remake of the Bengali film Chhadmabeshi, in which a newly-wedded husband (Dharmendra) decides to play pranks on his wife's (Sharmila Tagore) supposedly smart brother-in-law. Amitabh and Jaya Bachchan also star. A Clockwork Orange (1971) Set in a near-future dystopian Britain, writer-director Stanley Kubrick adapts Anthony Burgess' novel of the same name, commenting on juvenile delinquency through the eyes of a small gang leader who enjoys "a bit of the old ultra-violence". Close Encounters of the Third Kind (1977) Steven Spielberg's slow-paced sci-fi pic — which spent several years in development, being rewritten over and over — is about an everyday blue-collar guy (Richard Dreyfuss) whose humdrum life turns upside down after an encounter with an unidentified flying object (UFO).

Cold War (2018) Jumping either side of the Iron Curtain through the late 1940s to the 1960s, Oscar-winner Paweł Pawlikowski depicts the story of two star-crossed lovers, as they deal with Stalinism, rejection, jealousy, change, time — and their own temperaments. Company (2002) Inspired the real-life relationship between Dawood Ibrahim and Chhota Rajan, director Ram Gopal Varma offers a look at how a henchman (Vivek Oberoi) climbs up the mobster ladder and befriends the boss (Ajay Devgn), before they fall out. Dallas Buyers Club (2013) Refusing to accept a death sentence from his doctor after being diagnosed with AIDS in the 1980s, the true story of an electrician and hustler (Matthew McConaughey) who smuggles banned medications from abroad. Dangal (2016) The extraordinary true story of amateur wrestler Mahavir Singh Phogat (Aamir Khan) who trains his two daughters to become India's first world-class female wrestlers, who went on to win gold medals at the Commonwealth Games. The Dark Knight (2008) In the second part of Christopher Nolan's Dark Knight trilogy, regarded as the greatest comic book movie ever, Batman (Christian Bale) faces a villain, the Joker (Heath Ledger), he doesn't understand, and must go through hell to save Gotham and its people. Dev.D (2009) Anurag Kashyap offers a modern-day reimagining of Sarat Chandra Chattopadhyay's Bengali romance classic Devdas, in which a man (Abhay Deol), having broken up with his childhood sweetheart, finds refuge in alcohol and drugs, before falling for a prostitute (Kalki Koechlin). Dheepan (2015) Winner of Cannes' top prize, three Sri Lankan refugees — including a Tamil Tiger soldier — pretend to be a family to gain asylum in France, where they soon realise that life isn't very different in the rough neighbourhoods. Dil Chahta Hai (2001) Farhan Akhtar's directorial debut about three inseparable childhood friends whose wildly different approach to relationships creates a strain on their friendship remains a cult favourite. Aamir Khan, Saif Ali Khan, and Preity Zinta star. Django Unchained (2012) Written and directed by Quentin Tarantino, a German bounty hunter (Christoph Waltz) helps a freed slave (Jamie Foxx) rescue his wife from a charming but cruel plantation owner (Leonardo DiCaprio). Drive (2011) A stuntman moonlighting as a getaway driver (Ryan Gosling) grows fond of his neighbour and her young son, and then takes part in a botched heist to protect them from the debt-ridden husband.

Dunkirk (2017) Christopher Nolan's first historical war movie chronicles the evacuation of Allied soldiers from the French beaches of Dunkirk in World War II, using his love for non-linear storytelling by depicting three fronts — land, sea, and air — in time-shifted ways. The Edge of Seventeen (2016) In this coming-of-age comedy, the life of an awkward young woman (Hailee Steinfeld) gets more complex after her older brother starts dating her best friend, though she finds solace in an unexpected friendship and a teacher-slash-mentor (Woody Harrelson). End of Watch (2012) Before he made a terrible sci-fi remake of his own film, writer-director David Ayer took a near-documentarian lens to the day-to-day police work of two partners (Jake Gyllenhaal and Michael Peña) in South Los Angeles, involving their friendship and dealings with criminal elements. Eternal Sunshine of the Spotless Mind (2004) An estranged couple (Jim Carrey and Kate Winslet) begin a new relationship unaware they dated previously, having erased each other from their memories, in what stands as writer Charlie Kaufman's defining work. The Exorcist (1973) One of the greatest horror films of all time, that has left a lasting influence on the genre and beyond, is about the demonic possession of a 12-year-old girl and her mother's attempts to save her with the help of two priests who perform exorcisms. The Florida Project (2017) Set in the shadow of Disney World, a precocious six-year-old girl (Brooklynn Prince) makes the most of her summer with her ragtag playmates, while her rebellious mother tries to make ends meet with the spectre of homelessness always hanging over them. Willem Dafoe stars alongside. Ferris Bueller's Day Off (1986) In John Hughes' now-classic teen picture, a high schooler fakes being sick to spend the day with his girlfriend and his best friend, while his principal is determined to spy on him. Fruitvale Station (2013) Black Panther writer-director Ryan Coogler's first feature offered a look at the real-life events of a young California man's (Michael B. Jordan) death in a police shooting in 2008. Winner of two awards at Sundance Film Festival. Full Metal Jacket (1987) Stanley Kubrick follows a US marine nicknamed Joker from his days as a new recruit under the command of a ruthless sergeant, to his posting as a war correspondent in South Vietnam, while observing the effects of the war on his fellow soldiers.

Ghostbusters (1984) A bunch of eccentric paranormal enthusiasts start a ghost-catching business in New York, and then stumble upon a plot to wreak havoc by summoning ghosts. Gave birth to one of the most iconic song lyrics in history. Gol Maal (1979) A chartered accountant (Amol Palekar), with a knack for singing and acting, falls deep down the rabbit hole after lying to his boss that he has a twin, in this Hrishikesh Mukherjee comedy. Gone Girl (2014) Based on Gillian Flynn's best-selling novel and directed by David Fincher, a confounded husband (Ben Affleck) becomes the primary suspect in the sudden mystery disappearance of his wife (Rosamund Pike). GoodFellas (1990) Considered as one of the best gangster films of all time, it brought Martin Scorsese and Robert De Niro together for the sixth time. Based on Nicholas Pilegg's 1985 non-fiction book Wiseguy, it tells the rise and fall story of mob associate Henry Hill, his friends and family between 1955 and 1980. Gravity (2013) Two US astronauts, a first-timer (Sandra Bullock) and another on his final mission (George Clooney), are stranded in space after their shuttle is destroyed, and then must battle debris and challenging conditions to return home. Guardians of the Galaxy (2014) A bunch of intergalactic misfits, which includes a talking racoon and tree, come together to form a ragtag team in this Marvel adventure that needs no prior knowledge. Guru (2007) Mani Ratnam wrote and directed this rags-to-riches story of a ruthless and ambitious businessman (Abhishek Bachchan) who doesn't let anything stand in his way as he turns into India's biggest tycoon. Loosely inspired by the life of Dhirubhai Ambani. Haider (2014) Vishal Bhardwaj's Shakespearean trilogy concluded with this modern-day adaptation of Hamlet, that is also based on Basharat Peer's 1990s-Kashmir memoir Curfewed Night. Follows a young man (Shahid Kapoor) who returns home to investigate his father's disappearance and finds himself embroiled in the ongoing violent insurgency. Her (2013) A lonely man (Joaquin Phoenix) falls in love with an intelligent computer operating system (Scarlett Johansson), who enriches his life and learns from him, in Spike Jonze's masterpiece. Hot Fuzz (2007) A top London cop (Simon Pegg, also co-writer) is transferred to a sleepy English village for being the lone overachiever in a squad of slackers. A blend of relationship comedy and a genre cop movie. Edgar Wright directs. Hugo (2011) In 1930s Paris, a boy who lives alone in the walls of a train station tries to figure out the mystery involving his late father and his most treasured possession, an automaton, that needs a key to function. Martin Scorsese directs.

The Hunger Games: Catching Fire (2013) In the best of four movies, Jennifer Lawrence's Katniss Everdeen is forced to participate in a special edition of the Hunger Games, a competition where individuals fight to the death, featuring the winners of all previous competitions. I, Daniel Blake (2016) After a heart attack that leaves him unable to work, a widowed carpenter is forced to fight an obtuse British welfare system, while developing a strong bond with a single mother who has two children. Winner of the Palme d'Or. I Lost My Body (2019) In this animated Cannes winner, a severed hand escapes from a lab and scrambles through Paris to get back to his body, while recounting its past life that involved moving to France after an accident and falling in love. In This Corner of the World (2016) Set in Hiroshima during World War II, an 18-year-old woman agrees to marry a man she barely knows in this animated Japanese film, and then must learn to cope with life's daily struggles and find a way to push through as the war rages on around her. Indiana Jones and the Raiders of the Lost Ark (1981) Directed by Steven Spielberg off a story by George Lucas, an eponymous archaeologist (Harrison Ford) travels the world and battles a group of Nazis while looking for a mysterious artefact, in what is now often considered as one of the greatest films of all-time. Infernal Affairs (2002) Martin Scorsese's Oscar-winning The Departed is a remake of this original Hong Kongian film, in which a police officer is working undercover in a Triad, while a Triad member is secretly working for the police. Both have the same objective: find the mole. Into the Wild (2007) Based on Jon Krakauer's nonfiction book, Sean Penn goes behind the camera to direct the story of a top student and athlete who gives up all possessions and savings to charity, and hitchhikes across America to live in the Alaskan wilderness. Iqbal (2005) In writer-director Nagesh Kukunoor's National Award-winning film, a hearing- and speech-impaired farm boy (Shreyas Talpade) pursues his passion for becoming a cricketer for the national squad, with the help of a washed-up ex-coach (Naseeruddin Shah). The Irishman (2019) Based on Charles Brandt's 2004 book “I Heard You Paint Houses”, Martin Scorsese offers an indulgent, overlong look at the life of a truck driver (Robert De Niro) who becomes a hitman working for the Bufalino crime family and labour union leader Jimmy Hoffa (Al Pacino).

John Wick (2014) In the first part of what is now a series, a former hitman (Keanu Reeves) exits retirement to find and kill those that stole his car and killed his dog. Less story, more action, with the filmmakers drawing on anime, Hong Kong action cinema, Spaghetti Westerns, and French crime dramas. Jurassic Park (1993) It might be over 25 years old at this point but watching the very first Jurassic film from Steven Spielberg — based on Michael Crichton's novel, which he co-adapted — is a great way to remind yourself why the new series, Jurassic World, has no idea why it's doing. Kahaani (2012) A pregnant woman (Vidya Balan) travels from London to Kolkata to search for her missing husband in writer-director Sujoy Ghosh's National Award-winning mystery thriller, battling sexism and a cover-up along the way. Khosla Ka Ghosla! (2006) After a powerful property dealer (Boman Irani) holds a middle-class, middle-aged man's (Anupam Kher) newly-purchased property to ransom, his son and his son's friends devise a plot to dupe the swindling squatter and pay him back with his own money. Dibakar Banerjee's directorial debut. Kiki's Delivery Service (1989) A coming-of-age story of the young titular witch, who opens an air delivery business, helps a bakery's pregnant owner in exchange for accommodation, and befriends a geeky boy during her year of self-discovery. Hayao Miyazaki writes and directs. Lady Bird (2017) Greta Gerwig's directorial debut is a coming-of-age story of a high school senior (Saoirse Ronan) and her turbulent relationship with her mother (Laurie Metcalf), all while she figures out who she wants to be through friendships and short relationships. Lagaan (2001) Set in Victorian India, a village farmer (Aamir Khan) stakes everyone's future on a game of cricket with the well-equipped British, in exchange for a tax reprieve for three years. The Little Prince (2015) Antoine de Saint-Exupery's 1943 novella is given the animation treatment, in which an elderly pilot (Jeff Bridges) recounts his encounters with a young boy who claimed to be an extra-terrestrial prince to his neighbour, a young girl. Rachel McAdams, James Franco, and Marion Cotillard also voice. A Little Princess (1995) Alfonso Cuarón directs this tale of a young girl who is forced to become a servant by the headmistress at her New York boarding school, after her wealthy aristocratic father is presumed dead in World War I. The Lord of the Rings trilogy (2001-2003) Peter Jackson brought J.R.R. Tolkien's expansive Middle-Earth to life in these three three-hour epics, which charts the journey of a meek hobbit (Elijah Wood) and his various companions, as they try to stop the Dark Lord Sauron by destroying the source of his power, the One Ring.

Loveless (2017) A Cannes winner about the social ills of life in modern Russia, told through the eyes of two separated parents who are drawn back together after their 12-year-old child goes missing. From award-winning director Andrey Zvyagintsev. The Lunchbox (2013) An unlikely mistake by Mumbai's famously efficient lunchbox carrier system results in an unusual friendship between a young housewife (Nimrat Kaur) and an older widower (Irrfan Khan) about to retire from his job. Lupin the Third: Castle of Cagliostro (1979) In legendary Japanese director Hayao Miyazaki's feature debut, a dashing master thief enlists the help of a long-time nemesis in the police and a fellow thief to rescue a princess from an evil count, and put an end to his counterfeit money operation. Marriage Story (2019) Scarlett Johansson and Adam Driver play an entertainment industry couple going through a divorce, which pulls them — and their young son — from New York to Los Angeles, the two different hometowns of the protagonists. Mary Poppins (1964) Based on P.L. Travers' book series of the same name, a disciplined father hires a loving woman (Julie Andrews) — who he doesn't know is capable of magic — to be the nanny for his two mischievous children. Won five Oscars, including best actress for the debutant Andrews. Masaan (2015) Neeraj Ghaywan ventures into the heartland of India to explore the life of four people in his directorial debut, all of whom must battle issues of caste, culture and norms. Winner of a National Award and the FIPRESCI Prize at Cannes. Million Dollar Baby (2004) An overlooked, veteran boxing trainer (Clint Eastwood, who also directs) reluctantly agrees to train a former waitress (Hilary Swank) to help achieve her dreams, which leads to a close father-daughter bond that will forever change their lives. Mission: Impossible – Rogue Nation (2015) With the organisation he works for disbanded and his country after him, Ethan Hunt (Tom Cruise) races against time to prove the existence of the schemers pulling the strings in this fifth chapter. Introduced Rebecca Ferguson to the franchise. Monty Python and the Holy Grail (1975) The legendary British comedy troupe mix their talents with the tale of King Arthur and his knights, as they look for the Holy Grail and encounter a series of horrors. A contender for the best comedy of all-time.

Monty Python's Life of Brian (1979) Satire so cutting that it was banned for years in the UK and elsewhere, Life of Brian saw Monty Python turning their eyes on more long-form storytelling. The Life of Brian is the story of a young Jewish man born on the same day and next door to Jesus Christ, who gets mistaken for the messiah. Mudbound (2017) A Netflix Original, this World War II drama is set in rural Mississippi, and follows two veterans – one white and one black – who return home, and must deal with problems of racism in addition to PTSD. Munna Bhai M.B.B.S. (2003) After his parents find out he has been pretending to be a doctor, a good-natured Mumbai underworld don (Sanjay Dutt) tries to redeem himself by enrolling in a medical college, where his compassion brushes up against the authoritarian dean (Boman Irani). Co-written and directed by Rajkumar Hirani, who stands accused in the #MeToo movement. My Neighbor Totoro (1988) Set in post-war rural Japan, a heart-warming tale of a professor's two young daughters who have adventures with friendly forest sprits. Hayao Miyazaki writes and directs. Mystic River (2003) Three childhood friends reunite after a brutal murder, in which the victim is one's (Sean Penn) daughter, another (Kevin Bacon) is the case detective, and the third (Tim Robbins) is suspected by both. Clint Eastwood directs. Nightcrawler (2014) Jake Gyllenhaal plays a freelance video journalist with no ethics or morals who will do anything to get the best footage of violent crimes that local news stations love. A feature directorial debut for screenwriter Dan Gilroy. Ocean's Eleven (2001) In this first of Steven Soderbergh's trilogy, which features an ensemble cast including George Clooney, Brad Pitt, and Matt Damon, Danny Ocean (Clooney) and his eleven associates plan to rob three Las Vegas casinos at the same time. Okja (2017) Part environment parable and part skewer of corporatisation, this underappreciated Netflix Original by Bong Joon-ho tells its story of a young Korean girl and her best friend – a giant pet pig – while effortlessly crossing genres. On Body and Soul (2017) A shy, introverted man and a woman who work at a Hungarian slaughterhouse discover they share the same dreams after an incident, and then try to make them come true.

Only Yesterday (1991) A Studio Ghibli production about a 27-year-old career-driven Tokyo woman who reminisces about her childhood on her way to the countryside to see her sister's family. Isao Takahata writes and directs. Paan Singh Tomar (2012) A true story of the eponymous soldier and athlete (Irrfan Khan) who won gold at the National Games, and later turned into a dacoit to resolve a land dispute. Won top honours for film and actor (Khan) at National Awards. Pan's Labyrinth (2006) In Guillermo del Toro's fantastical version of Spain five years after the civil war, Ofelia – a young stepdaughter of a cruel army officer – is told she is the reincarnated version of an underworld princess but must complete three tasks to prove herself. The Perks of Being a Wallflower (2012) Emma Watson stars in this coming-of-age comedy based on the novel of the same name by Stephen Chbosky, who also wrote and directed the film. Watson plays one of two seniors who guide a nervous freshman. Phantom Thread (2017) Set in the glamourous couture world of 1950s post-war London, the life of a renowned dressmaker (Daniel Day-Lewis), who is used to women coming and going through his tailored life, unravels after he falls in love with a young, strong-willed waitress. Pink (2016) A lawyer (Amitabh Bachchan) comes out of retirement to help three women (Taapsee Pannu, Kirti Kulhari, and Andrea Tariang) clear their names in a crime involving a politician's nephew (Angad Bedi). Won a National Award. PK (2014) A satirical comedy-drama that probes religious dogmas and superstitions, through the lens of an alien (Aamir Khan) who is stranded on Earth after he loses his personal communicator and befriends a TV journalist (Anushka Sharma) as he attempts to retrieve it. Porco Rosso (1992) Transformed into an anthropomorphic pig by an unusual curse, an Italian World War I ace fighter veteran now works as a freelance bounty hunter in 1930s Adriatic Sea in the Mediterranean. Hayao Miyazaki writes and directs. Queen (2013) A 24-year-old shy woman (Kangana Ranaut) sets off on her honeymoon alone to Europe after her fiancé calls off the wedding a day prior. There, freed from the traditional trappings and with the help of new friends, she gains a newfound perspective on life. Director Vikas Bahl stands accused in the #MeToo movement.

Rang De Basanti (2006) Aamir Khan leads the ensemble cast of this award-winning film that focuses on four young New Delhi men who turn into revolutionary heroes themselves while playacting as five Indian freedom fighters from the 1920s for a docudrama. Ratatouille (2007) An anthropomorphic rat (Patton Oswalt) who longs to be a chef tries to achieve his dream by making an alliance with a young garbage boy at a Parisian restaurant. From Pixar. Rebecca (1940) Alfred Hitchcock's first American film is based on Daphne du Maurier's 1938 novel of the same name, about a naïve, young woman who marries an aristocratic widower and then struggles under the intimidating reputation of his first wife, who died under mysterious circumstances. The Remains of the Day (1993) Made by the duo of Ismail Merchant and James Ivory, this based-on-a-book film is about a dedicated and loyal butler (Anthony Hopkins), who gave much of his life — and missed out on a lot — serving a British lord who turns out to be a Nazi sympathiser. Reservoir Dogs (1992) After a simply jewellery heist goes wrong in Quentin Tarantino's feature-length debut, six criminals – Tim Roth, Steve Buscemi, and Michael Madsen are a few of the actors – who don't know each other's identity start to suspect each other of being a police informant. The Revenant (2015) Leonardo DiCaprio and director Alejandro G. Iñárritu won Oscars for their work on this semi-biographical Western film set in the 1820s, which tells the story of frontiersman Hugh Glass and his quest for survival and justice amidst severe winters. Roma (2018) Alfonso Cuarón revisits his childhood in the eponymous Mexico City neighbourhood, during the political turmoil of the 1970s, through the eyes of a middle-class family's live-in maid, who takes care of the house and four children, while balancing the complications of her own personal life. Sairat (2016) In a tiny village in the Indian state of Maharashtra, a fisherman's son and a local politician's daughter fall in love, which sends ripples across the society because their families belong to different castes. Currently the highest-grossing Marathi-language film of all time. Scarface (1983) Al Pacino delivers one of his best performances as a Cuban refugee who arrives in 1980s Miami with nothing, rises the ranks to become a powerful drug kingpin, and then falls due to his ego, his paranoia, and a growing list of enemies. Se7en (1995) In this dark, gripping thriller from David Fincher, two detectives – one new (Brad Pitt) and one about to retire (Morgan Freeman) – hunt a serial killer (Kevin Spacey) who uses the seven deadly sins as his motives. Secret Superstar (2017) Though frequently melodramatic, this coming-of-age story – produced by Aamir Khan and wife Kiran Rao – of a Muslim girl from Vadodara who dreams of being a singer dealt with important social issues and broke several box office records during its theatrical run.

Sense and Sensibility (1995) Jane Austen's famous work is brought to life by director Ang Lee, about three sisters who are forced to seek financial security through marriage after the death of their wealthy father leaves them poor by the rules of inheritance. The Shining (1980) Stephen King's popular novel gets the film treatment from Stanley Kubrick, about a father who loses his sanity in an isolated hotel the family is staying at for the winter, while his psychic son sees horrific forebodings from the past and the future. Shoplifters (2018) Winner of the top prize at Cannes, the story of a group of poverty-stricken outsiders scraping together an under-the-radar living in Tokyo, whose life is upended after they take in a new, young member. Hirokazu Kore-eda writes, directs, and edits. Shrek (2001) A half-parody of fairy tales, Shrek is about an eponymous ogre who agrees to help an evil lord get a queen in exchange for the deed to his swamp, filled with enough jokes for the adults and a simple plot children. A Silent Voice: The Movie (2016) Based on the manga of the same name, a coming-of-age story of a school bully who tries to make amends with a hearing-impaired girl he tormented back in the day, after the tables are turned on him. Silver Linings Playbook (2012) Two people (Jennifer Lawrence and Bradley Cooper) with pain and suffering in their past begin a road to recovery while training together for a dance competition, in what becomes an unlikely love story. The Sixth Sense (1999) In writer-director M. Night Shyamalan's best film to date, a child psychologist (Bruce Willis) tries to help a young boy (Haley Joel Osment) who can see and talk to the dead. Snowpiercer (2013) Chris Evans stars in this sci-fi from Bong Joon-ho, which takes place in a future ravaged by an experiment, where the survivors live on a train that continuously circles the globe and has led to a punishing new class system. The Social Network (2010) The tale of Facebook co-founder Mark Zuckerberg gets a slight fictional spin, as it explores how the young engineer was sued by twin brothers who claimed he stole their idea, and sold lies to his co-founder and squeezed him out.

Soni (2019) A short-tempered young policewoman and her cool-headed female boss must contend with ingrained misogyny in their daily lives and even at work, where it impacts their coordinated attempts to tackle the rise of crimes against women in Delhi. Spartacus (1960) After failing to land the title role in Ben-Hur, Kirk Douglas optioned a book with a similar theme, about a slave who led a revolt — known retrospectively as the Third Servile War — against the mighty Roman Empire. Won four Oscars and was named as one of the best historical epics. The Stranger (1946) A war crimes investigator hunts a high-ranking Nazi fugitive (Orson Welles, also director) hiding in the US state of Connecticut, who is also duping his naïve new wife. Super Deluxe (2019) An inter-linked anthology of four stories, involving an unfaithful wife, a transgender woman, a bunch of teenagers, which deal in sex, stigma, and spirituality. Runs at nearly three hours. Swades (2004) Shah Rukh Khan stars a successful NASA scientist in this based on a true story drama, who returns home to India to take his nanny to the US, rediscovers his roots and connects with the local village community in the process. Taare Zameen Par (2007) Sent to boarding school against his will, a dyslexic eight-year-old is helped by an unconventional art teacher (Aamir Khan) to overcome his disability and discover his true potential. Talvar (2015) Meghna Gulzar and Vishal Bhardwaj combine forces to tell the story of the 2008 Noida double murder case, in which a teenage girl and the family's hired servant were killed, and the inept police bungled the investigation. Uses the Rashomon effect for a three-pronged take. Tangerine (2015) Shot entirely on iPhones, a transgender female sex worker vows revenge on her boyfriend-pimp who cheated on her while she was in jail. Tangled (2010) Locked up by her overly protective mother, a young long-haired girl finally gets her wish to escape into the world outside thanks to a good-hearted thief, and discovers her true self.

Thithi (2016) In this award-winning Kannada-language film, set in a remote village in the state of Karnataka, three generations of men reflect on the death of their locally-famous, bad-tempered 101-year-old patriarch. Made with a cast of non-professional actors. The Town (2010) While a group of lifelong Boston friends plan a major final heist at Fenway Park, one of them (Ben Affleck) falls in love with the hostage from an earlier robbery, complicating matters. Train to Busan (2016) Stuck on a blood-drenched bullet train ride across Korea, a father and his daughter must fight their way through a countrywide zombie outbreak to make it to the only city that's safe. Tu Hai Mera Sunday (2016) Five thirty-something friends struggle to find a place in Mumbai where they can play football in peace in this light-hearted rom-com tale, which explores gender divides and social mores along the way. The Two Popes (2019) Inspired by real life, the tale of friendship that formed between Pope Benedict XVI (Anthony Hopkins) and Cardinal Jorge Mario Bergoglio (Jonathan Pryce), the future Pope Francis, after the latter approached the former regarding his concerns with the direction of the Catholic Church. Udaan (2010) Vikramaditya Motwane made his directorial debut with this coming-of-age story of a teenager who is expelled from boarding school and returns home to the industrial town of Jamshedpur, where he must work at his oppressive father's factory. Udta Punjab (2016) With the eponymous Indian state's drug crisis as the backdrop, this black comedy crime film depicts the interwoven lives of a junior policeman (Diljit Dosanjh), an activist doctor (Kareena Kapoor), a migrant worker (Alia Bhatt), and a rock star (Shahid Kapoor). Uncut Gems (2019) A charismatic, New York-based Jewish jeweller and a gambling addict (Adam Sandler) ends up in over his head in this taut thriller, struggling to keep a lid on his family, desires, business, and enemies. The Untouchables (1987) With mobster Al Capone (Robert De Niro) making use of the rampant corruption during the Prohibition period in the US, federal agent Eliot Ness (Kevin Costner) hand picks a team to expose his business and bring him to justice. Brian De Palma directs. Up in the Air (2009) A corporate downsizing expert (George Clooney) who loves living out of a suitcase finds his lifestyle threatened due to a potential love interest (Vera Farmiga) and an ambitious new hire (Anna Kendrick).

Vertigo (1958) Topping Citizen Kane in the latest Sight & Sound poll of greatest films of all time, Alfred Hitchcock's thriller about a detective afraid of heights who falls for an old friend's wife while investigating her strange activities continued his tradition of turning audiences into voyeurs. Village Rockstars (2017) A young Assamese girl of a widow pines to own a guitar and start her own rock band, but societal norms routinely get in the way. Rima Das writes, directs, shoots, edits, and handles costumes. Visaranai (2015) Winner of three National Awards and based on M. Chandrakumar's novel Lock Up, the story of four Tamil laborers who are framed and tortured by politically-motivated cops in the neighbouring state of Andhra Pradesh. Vetrimaaran writes and directs. A Wednesday! (2008) Neeraj Pandey's film is set between 2 pm and 6 pm on a Wednesday, naturally, when a common man (Naseeruddin Shah) threatens to detonate five bombs in Mumbai unless four terrorists accused in the 2006 Mumbai train bombings case are released. Wonder Woman (2017) After a pilot crashes and informs them about an ongoing World War, an Amazonian princess (Gal Gadot) leaves her secluded life to enter the world of men and stop what she believes to be the return of Amazons' nemesis. Wreck-It Ralph (2012) This Disney animated film tells the story of a video game villain who sets out to fulfil his dream of becoming a hero but ends up bringing havoc to the entire arcade where he lives. Zero Dark Thirty (2012) The decade-long international manhunt for Osama bin Laden is the focus of this thriller from Kathryn Bigelow, dramatised as and when needed to keep a CIA intelligence analyst (Jessica Chastain) at the centre of the story. Zindagi Na Milegi Dobara (2011) Hrithik Roshan, Farhan Akhtar, and Abhay Deol star as three childhood friends who set off on a bachelor trip across Spain, which becomes an opportunity to heal past wounds, combat their worst fears, and fall in love with life. Zodiac (2007) David Fincher signed on Jake Gyllenhaal, Mark Ruffalo, and Robert Downey Jr. to depict a cartoonist's (Gyllenhaal) obsession with figuring out the identity of the Zodiac Killer in the 1960s–70s. Zombieland (2009) A student looking for his parents (Jesse Eisenberg), a man looking for a favourite snack, and two con artist sisters join forces and take an extended road trip across a zombie-filled America, while they all search for a zombie-free sanctuary. Read the full article

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technotimesz · 5 years

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Amazon FBA Seller Central Guide

Amazon offers a number of ways through which online retailers can sell inventory, but choosing which program to use to sell on Amazon can be a challenge. Chase Bank offers two Disney-themed Visa credit cards which provide Disney Reward Dollars to be applied directly towards Disney merchandise and vacations expenses. These rewards cards also offer a host of amazing perks for Disney World guests, such as 10% Disney Dining and 10% of select merchandise, and 15% off the non-discounted price of select guided Disney World tours. Make your everyday purchases using the Chase Disney Rewards® Visa® Card or the Disney Premier Visa® Card and you will be amazed at how quickly your Disney Rewards Dollars add up. You can also use any cash rewards credit card to pay for discounted Disney Gift Cards (saving you money twice in one transaction). And finally, save more money by applying your airline frequent flyer miles or lodging loyalty points towards the cost of your Disney trip, if applicable.

Selling online used to require building and maintaining a website, devising a marketing campaign, and fulfilling orders. Amazon FBA Just One Dime coupon businesses get all of that instantly with a storefront, exposure to millions of potential buyers, and hands-off order fulfillment.

FBA fees are a substantial part of your costs for selling on Amazon. These fees may seem small for an individual item, but as you sell hundred or thousands of units a month, they can begin adding up to massive amounts. The good thing is, many of the other costs associated with selling on Amazon will become marginalized as your volume increases. This includes things like the Amazon Professional Seller fee, which is the $39.95 monthly subscription fee to sell items on Amazon as a pro.

Car yards and fast food chains tend to open stores next to each other so that they can benefit from the promotion and hard work of their competition. In many ways, the same can be said for how Amazon sellers compete on an SKU level. Rather than digging a well in a desert, it's more like competing for a place at the watering hole.

This guide is for every current and future Amazon seller and brand. Even if you aren't initiated in the world of technical analysis and optimisation for Amazon listings, you will still find here pretty much all the information you will need to pick, choose, buy and use the best Amazon tools available out there.

Fulfillment by Amazon is a convenient fulfillment option which allows Amazon sellers to leverage Amazon's resources to increase marketplace sales. Determine what your store budget, margin, and profitability is for Amazon as a whole and for specific products before deciding to leverage Fulfillment by Amazon.

A self-made millionaire, Seth Kniep teaches others how to make their money work for them so they have the freedom to do what they love with whom they love. Seth toiled away in the corporate tech world until he discovered that selling on Amazon could be his path to firing his boss for good and gaining financial independence. Seth discovered that his passion was in teaching people the strategies he used to achieve his dream. He has amassed a dedicated following in a short period of time due to his integrity and invaluable guidance to his members.

The very basis of arbitrage is that you, the retailer, will be sourcing products from a competitively cheaper source and selling it where its perceived value is higher. Hence, on most occasions, your manufacturer may have a factory at the other end of the world.

The extreme confidence that customers have in the program are 2 major benefits that will help your items to sell faster. The other key benefit that I will mention is that Amazon does most of the heavy lifting when you use the Fulfillment by Amazon program when selling on Amazon. You are able to ship items to Amazon in bulk, and they handle getting the items to the individual customers.

This is thanks to FBA's fees. As anyone who has been part of the Fulfillment by Amazon program knows well, Amazon's fulfillment fees can change at any time. These rate structures and policies are updated yearly — and sometimes even more frequently. Fail to stay on top of the latest inventory storage fees, and those costs will quickly eat into your profit.

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anthonymorrisonlive · 6 years

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Anthony Morrison Live Community You Should Join Today

Anthony Morrison is a young entrepreneur who has made himself a millionaire at the age of twenty-one, and he has created this site to make a live online community. Its goal is to create a space where students and aspiring entrepreneurs can ask questions, receive answers, interact with other students, share information, and receive updates about the latest developments in online marketing. By using this community and the tools within it, you can build your online business and take it to a different level. You should never feel like you’re making this journey alone, because Anthony and all of his students will be there to help you.

Anthony Morrison Can Help You Become a Successful Online Entrepreneur

This site is filled with a wealth of information that will allow you to get the most out of your business, and it will make it easy for you to connect with other members. It’s divided into a number of relevant categories (such as internet marketing and sales), and it’s easy to navigate.

Anthony Morrison had a vision to create a place where curiosity would meet innovation, and he wanted to give its members access to valuable information that would help them grow their online businesses. This combination would create a perfect situation that would allow his students to get the most out of their training.

If you’re a student or aspiring entrepreneur and you feel like you’re having a hard time understanding the concepts so you can apply them in real-life situations, you’re more than welcome to make a post. And you’ll see how eager people are to respond – that is, if you don’t get one from Anthony himself!

Get the most out of what you can learn and join this community. The registration process is easy, and you will get access to a place where students can build wealth together.

Anthony Morrison’s Fool-Proof System For Success

Anthony Morrison has put together a system that can help you start your own online business. It’s simple and easy to follow, and it has been proven to work for thousands of people. Anthony is an inspirational young man, and he has led remarkable life. He wrote three bestselling books before he was thirty years old. And when you read them, you’ll be surprised to see how he turned what could be a difficult business plan into a step-by-step process that’s easier than you think. The principles don’t apply to a specific industry or sector of the market, so they can be used to create a successful business in almost any field.

Whether you’re looking for some extra income or want to have a large-scale business that you can do full time, this community will give you the foundation and the tools to create wealth for you and your family.

When you buy one of Anthony’s books, you will get a free bonus (such as the “The Insider Secrets” DVD). It’s filled with techniques that can help you create revenue for your business, and it will allow you to get back the money you spent in only 48 hours! This DVD is an incredible bonus, and Anthony Morrison is so confident about it that he will give it to you for free. It will allow you to jumpstart your journey into becoming a successful online marketer, and it can put you on the path toward massive success.

You might have seen Anthony on TV, read an article about him, or have heard about him from some other source. He is the new face of e-commerce. And in one of his books, he has laid the foundation for people who want to educate themselves on how it can work with online marketing and build a successful business.

Take the opportunity to transform your life by joining Anthony Morrison Live today!

Get Coaching from Anthony Morrison

While Anthony Morrison is a successful entrepreneur and author, he also provides coaching to his students. He can direct, instruct, and train you so you can achieve your financial goals. And his unique coaching method and technique will help you get the most out of your online business.

It’s the guidance of a brilliant mind like Anthony that will put you on the fast track toward achieving your goals, and it will be the best way to get the most out of your time as you learn the business. Take advantage of this opportunity to learn from a self-made millionaire like Anthony Morrison, because he can help you get the skills you need to succeed. And once you join, he will give you all the tools you need to make it possible.

The strategies and techniques that you’ll learn from this community will not only help you achieve your current goals, but it will also provide you with the information and guidance you need to reshape your future. A coaching session with Anthony Morrison can be a life-changing experience, because he will show you what’s stopping you from reaching your full potential. And he can help you overcome any obstacle. The techniques have been developed by Anthony, and they have been proven to work for him and his students.

The things that you’ll learn in Anthony’s coaching session include:

What you need to know to be successful and how to achieve it.

What mistakes are preventing you from being successful and how you can avoid them.

Finding low-competition niches from which you can make a profit.

Identifying the skills and capabilities that are within you and enabling you to use them to the best of your ability.

Increasing your independence and confidence.

Changing your mindset to think and act like a millionaire.

Reducing the reliance and self-doubt that’s keeping you from unlocking your potential.

Analyzing your business so you can know what areas need improvement.

Be sure to join this community so you can find out what you can do.

Coaching For Business And Life

Anthony Morrison’s coaching methods can also be applied in the business sector, which can include:

Mentoring

Value assessment

Behavior modification

Behavior modeling

Goal-setting and other methods for reaching your full potential. He builds relationships with his students so they can get the most out of their experience and duplicate his success. Regardless of what business you’re in, you can benefit from coaching with Anthony Morrison.

He also provides one-on-one business coaching, which is focused on providing positive support and feedback while offering practical advice. He can help both individuals and businesses identify the ways in which they can improve their effectiveness and bottom line.

With Anthony’s coaching, you will get help in improving your leadership skills. And he will offer advice related to accountability, teamwork, and profitability. Anthony will also help you with your communication skills, and he will help you with goal-setting and strategic planning – both of which can be helpful in growing your business. He uses his own life and professional experience to create a positive and enjoyable learning environment that encourages participation – all while giving the student valuable information.

Anthony Morrison provides this type of coaching in a number of ways, which includes the following:

One-on-one sessions

Group sessions

Speaking events

Conferences and large-scale seminars

Tele-seminars

Anthony’s coaching is right for you if you’re interested in any of the following:

Getting higher performance levels

Improved personal and business satisfaction

Improving personal growth

Developing your career

Loving what you do (instead of doing a job that you hate!)

Improving your finances

The people who back their expectations and goals with the proper training and get a coach to help them will not only develop their skills in leadership and other areas of business, but they will also access many different tools and strategies that will make it easier to achieve their goals and live a better life. Anthony Morrison can help you get results, which is why you should register today!

With Anthony Morrison Live, you’ll learn about several methods, which includes reflection, requests, and discussions that are designed to help students identify their goals, develop strategies for achieving them, and help them to implement a plan that will help them turn them into a reality.

The Coaching Methods Of Anthony Morrison Can Get You Results

With his coaching, Anthony can give you a place where you can make progress and challenge yourself in a positive environment. He will make sure you take steps toward the implementation of your strategies, so the results you get will move you toward the achievement of your goals.

Anthony will help you put together a plan that will suit your individual needs, and he’ll take your personal situation into consideration. As you spend more time with him, the plan will evolve, and it can be modified so you can achieve the best results. He will also give you feedback and advice so you can reach your goals faster — all while empowering you to continue for the long haul.

If you want to learn more about how Anthony Morrison can help you achieve your business goals, sign up for this program today!

This post originally appeared at https://www.anthonymorrisonlive.com/

Business Hour: Monday – friday 9am – 5pm CST Email: [email protected] Address: 965 Hwy 51 Ste 4-100 Madison, Ms 39110

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allbestnet · 8 years

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The last 160 and you are Finished

Considerations - By Colin Wright

From Good to Amazing: No Bullshit Tips for The Life You Always Wanted - By Michael Serwa

The Charisma Myth: How Anyone Can Master the Art and Science of Personal Magnetism - By Olivia Fox Cabane

Man's Search for Meaning - By Viktor E. Frankl

I Will Teach You To Be Rich - By Ramit Sethi

The Education of Millionaires: Everything You Won't Learn in College About How to Be Successful - Michael Ellsberg

No More Mr. Nice Guy: A proven plan for getting what you want in love, sex and life - By Robert A Glover

She Comes First: The Thinking Man's Guide to Pleasuring a Woman - By Ian Kerner

Nothing to Lose, Everything to Gain: How I Went from Gang Member to Multimillionaire Entrepreneur - By Ryan Blair

The Sales Acceleration Formula: Using Data, Technology, and Inbound Selling to go from $0 to $100 Million - By Mark Roberge

The Fine Art of Small Talk: How To Start a Conversation, Keep It Going, Build Networking Skills -- and Leave a Positive Impression! - By Debra Fine

Models: Attract Women Through Honesty - By Mark Manson

The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life - Hal Elrod

Personal Development for Smart People: The Conscious Pursuit of Personal Growth - By Steve Pavlina

The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results - By Gary Keller

Managing Oneself - By Peter Ferdinand Drucker

The Way of the Superior Man: A Spiritual Guide to Mastering the Challenges of Women, Work, and Sexual Desire - By David Deida

The 48 Laws of Power - Robert Greene

The Power of Now: A Guide to Spiritual Enlightenment - By Eckhart Tolle

The Four Agreements: A Practical Guide to Personal Freedom, A Toltec Wisdom Book - By Janet Mills

168 Hours: You Have More Time Than You Think - By Laura Vanderkam

Better Than Before: What I Learned About Making and Breaking Habits - By Gretchen Rubin

The Gifts of Imperfection: Let Go of Who You Think You're Supposed to Be and Embrace Who You Are - By Brene Brown

Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence - Jacob Lund Fisker

The Secrets of Happy Families: Improve Your Mornings, Tell Your Family History, Fight Smarter, Go Out and Play, and Much More - By Bruce Feiler

The Happiness Project: Or, Why I Spent a Year Trying to Sing in the Morning, Clean My Closets, Fight Right, Read Aristotle, and Generally Have More Fun - By Gretchen Rubin

Daring Greatly: How the Courage to Be Vulnerable Transforms the Way We Live, Love, Parent, and Lead - By Brené Brown

Your Brain at Work: Strategies for Overcoming Distraction, Regaining Focus, and Working Smarter All Day Long - By David Rock

The Power of Habit: Why We Do What We Do in Life and Business - By Charles Duhigg

Switch: How to Change Things When Change Is Hard - By Chip Heath and Dan Heath

Made to Stick: Why Some Ideas Survive and Others Die - By Chip Heath and Dan Heath

Blink: The Power of Thinking Without Thinking - By Malcolm Gladwell

Me, Myself, and Us: The Science of Personality and the Art of Well-Being - By Brian R Little

The Happiness of Pursuit: Finding the Quest That Will Bring Purpose to Your Life - By Chris Guillebeau

Trust Me, I'm Lying: Confessions of a Media Manipulator - By Ryan Holiday

The Road Less Traveled: A New Psychology of Love, Traditional Values and Spiritual Growth - M. Scott Peck

The User Illusion: Cutting Consciousness Down to Size - By Tor Norretranders

The Art of Thinking Clearly - By Rolf Dobelli

The Productive Narcissist: The Promise and Peril of Visionary Leadership - By Michael Maccoby

The Boy in the Striped Pajamas - John Boyne

Lies My Teacher Told Me: Everything Your American History Textbook Got Wrong - By James W. Loewen

The Progress Paradox: How Life Gets Better While People Feel Worse - By Gregg Easterbrook

How Rich People Think - By Steve Siebold

The Go-Giver: A Little Story About a Powerful Business Idea - By Bob Burg and John David Mann

The Monk Who Sold His Ferrari: A Fable About Fulfilling Your Dreams & Reaching Your Destiny - By Robin Sharma

This Is Your Brain on Music: The Science of a Human Obsession - By Daniel J. Levitin

Breakfast of Champions: A Novel - By Kurt Vonnegut

The 10 Secrets of 100% Healthy People - By Patrick Holford

You Must Change Your Life - By Peter Sloterdijk

The Last Lecture - By Randy Pausch

The Purpose Driven Life: What on Earth Am I Here For? - By Rick Warren

The Prophet - By Kahlil Gibran

Good to Great: Why Some Companies Make the Leap...And Others Don't - By Jim Collins

The Power of Positive Thinking - By Dr. Norman Vincent Peale

Awaken the Giant Within: How to Take Immediate Control of Your Mental, Emotional, Physical and Financial Destiny! - By Tony Robbins

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets - Nassim Nicholas Taleb

A Return to Love: Reflections on the Principles of "A Course in Miracles" - By Marianne Williamson

The Brain That Changes Itself: Stories of Personal Triumph from the Frontiers of Brain Science - By Norman Doidge

The Power of Your Subconscious Mind - By Joseph Murphy

How I Raised Myself from Failure to Success in Selling - By Frank Bettger

How to Have Confidence and Power in Dealing with People - By Leslie T. Giblin

I'm OK--You're OK - By Thomas Harris

Who Moved My Cheese?: An Amazing Way to Deal with Change in Your Work and in Your Life - By Spencer Johnson

Tiny Beautiful Things: Advice on Love and Life from Dear Sugar - By Cheryl Strayed

I Too Had a Dream - By Verghese Kurien

Great Men of Literature - By Will Durant

The Attention Revolution: Unlocking the Power of the Focused Mind - By B. Alan Wallace

The Paleo Manifesto: Ancient Wisdom for Lifelong Health - By John Durant

Mindsight: The New Science of Personal Transformation - By Daniel J. Siegel

An Astronaut's Guide to Life on Earth: What Going to Space Taught Me About Ingenuity, Determination, and Being Prepared for Anything - By Chris Hadfield

Perfect Health Diet: Regain Health and Lose Weight by Eating the Way You Were Meant to Eat - By Paul Jaminet Ph.D. and Shou-Ching Jaminet Ph.D.

Failing Forward: Turning Mistakes into Stepping Stones for Success - By John C. Maxwell

Love Yourself Like Your Life Depends On It - By Kamal Ravikant

The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change - By Stephen R. Covey

Whatcha Gonna Do with That Duck?: And Other Provocations - By Seth Godin

A Brief History of Everything - By Ken Wilber

The War of Art: Break Through the Blocks and Win Your Inner Creative Battles - By Steven Pressfield

The Righteous Mind: Why Good People Are Divided by Politics and Religion - By Jonathan Haidt

Total Recall: My Unbelievably True Life Story - By Arnold Schwarzenegger

The Art of Asking: How I Learned to Stop Worrying and Let People Help - By Amanda Palmer

Think Big: Unleashing Your Potential for Excellence - By Ben Carson M.D.

The Psychology of Self-Esteem: A Revolutionary Approach to Self-Understanding that Launched a New Era in Modern Psychology - By Nathaniel Branden

Mastery - By Robert Greene

Your Killer Emotions - By Ken Lindner

Nonviolent Communication: A Language of Life - By Marshall B. Rosenberg

What the Most Successful People Do Before Breakfast: A Short Guide to Making Over Your Mornings-and Life - By Laura Vanderkam

The Game: Penetrating the Secret Society of Pickup Artists - By Neil Strauss

The Truth: An Uncomfortable Book About Relationships - By Neil Strauss

The Strangest Secret - By Earl Nightingale

The Wheel Of Time: The Shamans Of Mexico Their Thoughts About Life Death And The Universe - By Carlos Castaneda

The Art of Dreaming - By Carlos Castaneda

Feeling Good: The New Mood Therapy - By David D. Burns

Wishes Fulfilled: Mastering the Art of Manifesting - By Dr. Wayne W. Dyer

I Can See Clearly Now - By Dr. Wayne W. Dyer

Change Your Thoughts - Change Your Life: Living the Wisdom of the Tao - By Dr. Wayne W. Dyer

You Were Born Rich: Now You Can Discover and Develop Those Riches - By Bob Proctor

Chicken Soup for the Soul: Stories to Open the Heart and Rekindle the Spirit - By Jack Canfield and Mark Victor Hansen

How to Stop Worrying and Start Living - By Dale Carnegie

The Seven Spiritual Laws of Success: A Practical Guide to the Fulfillment of Your Dreams - By Deepak Chopra

The 5 Love Languages: The Secret to Love that Lasts - By Gary D Chapman

Crucial Conversations: Tools for Talking When Stakes Are High - By Kerry Patterson, Joseph Grenny, Ron McMillan, and Al Switzler

Getting to Yes: Negotiating Agreement Without Giving In - By Roger Fisher, William L. Ury, and Bruce Patton

Zig Ziglar's Secrets of Closing the Sale - By Zig Ziglar

The Power of Awareness: Move from Desire to Wishes Fulfilled - By Neville Goddard

King, Warrior, Magician, Lover: Rediscovering the Archetypes of the Mature Masculine - By Robert Moore and Douglas Gillette

The Art of Seduction - By Robert Greene

The Art of Non-Conformity: Set Your Own Rules, Live the Life You Want, and Change the World - By Chris Guillebeau

Your Erroneous Zones: Step-by-Step Advice for Escaping the Trap of Negative Thinking and Taking Control of Your Life - By Wayne W. Dyer

You Can Heal Your Life - By Louise Hay

The Unauthorized Guide to Doing Business the Richard Branson Way: 10 Secrets of the World's Greatest Brand Builder - By Des Dearlove

Swim with the Sharks Without Being Eaten Alive: Outsell, Outmanage, Outmotivate, and Outnegotiate Your Competition - By Harvey B. Mackay

See You at the Top - By Zig Ziglar

Feel the Fear . . . and Do It Anyway - By Susan Jeffers

The Big Leap: Conquer Your Hidden Fear and Take Life to the Next Level - By PhD Hendricks Gay

The Winner Effect: The Neuroscience of Success and Failure - By Ian H. Robertson

The Time Paradox: The New Psychology of Time That Will Change Your Life - By Philip Zimbardo and John Boyd Ph.D.

The Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph - By Ryan Holiday

The Compound Effect - By Darren Hardy

The Wisdom of No Escape and the Path of Loving-Kindness - By Pema Chodron

The Entrepreneur Roller Coaster: Why Now Is the Time to #JoinTheRide - By Darren Hardy

The Art of Profitability - By Adrian Slywotzky

Small Is the New Big: and 183 Other Riffs, Rants, and Remarkable Business Ideas - By Seth Godin

The Paradox of Choice: Why More Is Less - By Barry Schwartz

Influence: The Psychology of Persuasion - By Robert B. Cialdini

How We Decide - By Jonah Lehrer

The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between - By William J. Bernstein

The Geography of Bliss: One Grump's Search for the Happiest Places in the World - By Eric Weiner

What Got You Here Won't Get You There: How Successful People Become Even More Successful - By Marshall Goldsmith and Mark Reiter

The Power of Full Engagement: Managing Energy, Not Time, Is the Key to High Performance and Personal Renewal - By Jim Loehr and Tony Schwartz

The Little Book of Talent: 52 Tips for Improving Your Skills - By Daniel Coyle

The Willpower Instinct: How Self-Control Works, Why It Matters, and What You Can Do To Get More of It - By Kelly McGonigal

The 5 Elements of Effective Thinking - By Edward B. Burger and Michael Starbird

Show Your Work!: 10 Ways to Share Your Creativity and Get Discovered - By Austin Kleon

The Antidote: Happiness for People Who Can't Stand Positive Thinking - By Oliver Burkeman

When Cultures Collide: Leading Across Cultures - By Richard D. Lewis

Fluent Forever: How to Learn Any Language Fast and Never Forget It - By Gabriel Wyner

Mindwise: How We Understand What Others Think, Believe, Feel, and Want - By Nicholas Epley

Smartcuts: How Hackers, Innovators, and Icons Accelerate Success - By Shane Snow

On Writing Well: The Classic Guide to Writing Nonfiction - By William Zinsser

Management of the Absurd - By Richard Farson

Hiring Smart!: How to Predict Winners and Losers in the Incredibly Expensive People-Reading Game By - Pierre Mornell

Drop Dead Healthy: One Man's Humble Quest for Bodily Perfection - By A. J. Jacobs

Cut to the Chase: and 99 Other Rules to Liberate Yourself and Gain Back the Gift of Time - By Stuart R. Levine

How to Talk to Anyone: 92 Little Tricks for Big Success in Relationships - By Leil Lowndes

Brain Rules: 12 Principles for Surviving and Thriving at Work, Home, and School - By John Medina

The China Study: The Most Comprehensive Study of Nutrition Ever Conducted And the Startling Implications for Diet, Weight Loss, And Long-term Health - By Thomas Campbell and T. Colin Campbell

Lucky Or Smart?: Fifty Pages for the First-Time Entrepreneur - By Bo Peabody

Being Logical: A Guide to Good Thinking - By D.Q. McInerny

On Writing - By Stephen King

Ready for Anything: 52 Productivity Principles for Getting Things Done - By David Allen

Island - By Aldous Huxley

You, Inc.: The Art of Selling Yourself - By Harry Beckwith and Christine Clifford

Business Stripped Bare: Adventures of a Global Entrepreneur - By Richard Branson

Making Ideas Happen: Overcoming the Obstacles Between Vision and Reality - By Scott Belsky

The Bed of Procrustes: Philosophical and Practical Aphorisms - By Nassim Nicholas Taleb

Give and Take: Why Helping Others Drives Our Success - By Adam M. Grant

Decisive: How to Make Better Choices in Life and Work - By Chip Heath and Dan Heath

A Mind for Numbers: How to Excel at Math and Science (Even If You Flunked Algebra) - By Barbara Oakley

Ignore Everybody: and 39 Other Keys to Creativity - By Hugh MacLeod

The Talent Code: Greatness Isn't Born. It's Grown. Here's How. - By Daniel Coyle

#The last 160 and you are Finished

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unixcommerce · 4 years

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10 Millionaire Books for Entrepreneurs

As an entrepreneur with big goals, you dream of success and one day becoming a millionaire. You want financial independence. You want the means to enjoy a nice lifestyle. So how do you achieve your dreams?

One of the best ways to get started and stay on track is to read books about millionaires. We’re talking about books with rags-to-riches stories to inspire you and grow your confidence. We’re also talking about books that offer practical advice for investing and making smart financial decisions.

This is our recommended reading list of the 10 best books for any ambitious entrepreneur to build the confidence to slay dragons and become a millionaire.

1. Total Money Makeover

by Dave Ramsey

Dave Ramsey is the reigning king of financial management for everyday Americans. Ramsey has built a personal finance empire — with millions of daily radio show listeners, personal finance courses, books, and even a budgeting app called Every Dollar. Ramsey himself went from bankruptcy to multi-millionaire status. No one wants to be broke, and Ramsey’s system has helped people control their spending habits, become debt-free, and build wealth.

Your net worth is less about how much you earn, and more about how much you spend. If you want to achieve your business goals the first step is to get out of the pressure of being in debt and worrying about money all the time. That’s the reason for including Total Money Makeover at the top of this list. You must get your spending habits under control — personally and also in your business. Until you control the outflow of money, it’s going to be hard to accrue real wealth.

2. The Millionaire Next Door

by Thomas J. Stanley, PhD

A millionaire is less like a billionaire or celebrity — and more like your next-door neighbor. In fact, you could have millionaires in your neighborhood and not even realize it. They often don’t live in the biggest houses or drive the flashiest cars. They know the difference between having a million dollars and spending a million dollars. Based on voluminous research, that’s what this groundbreaking book demonstrates.

The Millionaire Next Door was one of the earlier books to advance the notion that the way to gain wealth and happiness is to first be smart about spending. People have to first grow their assets, instead of living like high rollers before they actually have the money. The people of means outlined in the book are not denying themselves nice lives. But they have deferred gratification until getting their finances in order.

3. Everyday Millionaires

by Chris Hogan

Chris Hogan is an expert in wealth building, and it is this expertise which he brings to this book along with his extensive research. This research reveals you don’t have to come from money or have a high income to be a millionaire. The secret, which is no longer a secret, is working hard and staying focused.

The Chris Hogan Everyday Millionaires book is based on the research of 10,000 millionaires. This book debunks myths about millionaires, including their attitudes and behaviors. If you want an inside look into how an everyday millionaire thinks and acts, this is an excellent book. You might just be surprised because you’ve been making assumptions. While there are many books on the market about millionaires, if you want to get inside the heads of thousands of millionaires to follow their examples, this is the book.

4. Rich Dad Poor Dad

by Robert Kiyosaki

More than 23 years after it was first published, Robert Kiyosaki’s book still resonates with readers. The unconventional approach and advice he provides is the key to success. Challenging established norms and focusing on the mindset of being rich are some of his methodologies people use to this day.

One of the best things about Rich Dad Poor Dad is that it teaches about the concept of assets. In the U.S. we hear about credit cards and how big a loan we can take out to buy a house. We’re taught conspicuous spending as if spending is a good goal. What we’re not taught is to think of spending money to build up our assets — things with lasting value. A startup or small business is an asset, and until we think of it that way we won’t appreciate how operating a business can transform our personal wealth.

5. The Latte Factor

by David Bach

David Bach has written nine best sellers about personal finance. The Latte Factor shows people may have more financial resources than they think. This book outlines simple steps for people who want financial freedom and to achieve the American Dream. It’s about paying yourself first — by saving and investing to see your money grow.

This book demonstrates the value of not wasting small amounts of money. Invested over time, money adds up. The book is structured as a parable or story about one young millennial woman named Zoey. Each day she buys a double-shot latte while staring at a painting she thinks she can’t afford. She feels like she doesn’t have the money for the things she really wants (like an expensive painting) but it’s actually because she lacks a plan and spends too much money on discretionary items (like daily lattes).

Entrepreneurs, think about it. Are you doing the same thing in your business? Are you frittering away your resources on small ideas without investing in goals that will build lasting value?

6. Think and Grow Rich

by Napoleon Hill

First published in 1937, this book has sold more than 15 million copies. The philosophies it espouses including the “Law of Success” have been followed by many successful entrepreneurs in the decades since its publication. The 13 steps to riches are the result of interviewing 500 of the most successful people at the time, according to the author. This includes everyone from Thomas Edison to Henry Ford, Theodore Roosevelt, John D Rockefeller, and many others.

Many people have called Think and Grow Rich a life-changing book. Perhaps the best thing it does is inspire. You can gain a mentality and thought process for lifelong changes in how you deal with money. The principles in it are fundamentals like setting goals and the importance of a positive thought process. Napoleon Hill was a character who may have fabricated some claims about his biography and anecdotes in the book. But remember, there’s a reason this book is a classic. Everyone should read it for the transformative attitude it brings.

7. Built to Sell

by John Warrillow

Built to Sell is about how to create a business that can thrive without you — the owner — doing everything. This book follows a fictional business owner, Alex, who runs a struggling marketing firm. Alex starts getting advice from a mentor and friend. Alex eventually turns the business around by changing his business model to one of recurring revenue streams. As a result, he spends less time personally working in the business, and his company builds enough value that he is able to sell it.

You might be tempted to think this book is similar to the 4 Hour Work Week, by Tim Ferriss, because the subtitle mentions the business thriving without the owner — but it’s not. Built to Sell focuses much more on creating enough lasting value to be able to sell the business. Let’s face it, as business owners, most of our wealth is tied up in our companies. If you want an exit strategy where you can cash out, you need a plan. This book explains how to get to that 7 or 8 figure payout.

Read our review of Built to Sell.

8. The Highest Calling

by Larry Janesky

The Highest Calling‘s description says it is “an inspirational novel about business and life, struggle and success.” This book is really a business advice book wrapped in a story about Troy Becker, the fictional owner of a remodeling business. Troy works 70 hours a week, his family life is suffering, and he can’t seem to get ahead. Then one day a mysterious mentor enters Troy’s life and starts advising him how to create a business with more value along with more personal satisfaction.

In real life, The Highest Calling‘s author became wildly successful in a mundane industry, basement waterproofing. He founded a nationwide business with annual revenues in the 9 figures. He knows what he is talking about. If you think the one and only way to gain money is through a high tech business and not a regular small business, think again. Once you put in place systems and processes and get your priorities straight, success will ensue. Follow the book’s advice and work toward a profitable business that puts you on the path to millionaire status.

Read our review of The Highest Calling.

9. Built Not Born

by Tom Golisano

Built not Born is an entrepreneur advice book by billionaire Tom Golisano, the founder of Paychex. Golisano started his company with $3,000 in 1971, showing he is a self-made man. The book is a 50-year account of his experiences as a businessman who started as a small business and turned it into a multi-billion dollar company.

Tom Golisano is a billionaire, but this book is not a billionaire’s vanity project. Built Not Born offers lessons in achieving greatness that can translate into your personal net worth. If you are looking for practical advice on building a talented team, implementing a strong business model and improving business performance in your organization, this is a great place to start. By building your business, you also build your personal wealth as the owner.

Read our review of Built Not Born.

10. Jim Cramer’s Get Rich Carefully

by Jim Cramer

Get Rich Carefully is about investing in the stock market. It’s an entertaining and practical book for people who fit into the definition of “average retail investor” (which describes most of us). If you are a person who wants to understand more about investing without getting buried in boring balance sheets, Cramer’s book is a good place to start. And like Cramer, the man who we see on television, the book is entertaining. This is a common-sense approach to investments and how to understand fundamentals.

On many lists, you will see investment books such as The Intelligent Investor by Benjamin Graham. That book is a classic and revered by self-made billionaires like Warren Buffett and Bill Gates. However, that book seems written for a different time. Cramer’s book is a more relevant, easier-to-read substitute today in a world of automated trading and politics-driven market swings. Even if you are one of those investors who prefer to choose index funds or buy real estate, Cramer puts the markets in perspective.

Conclusion

For entrepreneurs, business books can teach you the right moves to build value that can be transformed into personal wealth. Lifelong learning is essential in the business world. There’s a reason millionaires read books. The best books:

Inspire you to a positive mindset. Great books fire you up to achieve great things.

Teach the right money moves. Positive inspiration is one thing, but knowing what to do and how to do it is essential.

Focus your attention. When you “lean in” on goals and dreams, you are more likely to achieve them and gain power.

In America anyone can become a millionaire with the right mindset and a will to succeed. Don’t you deserve to live the American Dream (no matter where you are located)? Read these 10 best books for money-focused entrepreneurs. When you’re done with these, check out other books from authors such as Mark Cuban and Vicki Robin.

Visit our Self-Improvement books category to find more.

This article, “10 Millionaire Books for Entrepreneurs” was first published on Small Business Trends

https://smallbiztrends.com/

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talabib · 3 years

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Learn From the Lives Of Millionaires

Millionaires are ostentatious. They live a glamorous life, with private jets and luxury cars, hidden away in enormous mansions in the exclusive Hollywood hills.

Or is that all fantasy? The truth is far from the bling and bright lights. Most millionaires in America actually live what most people would call a normal lifestyle. What’s more interesting, though, is that living modestly is what made them millionaires in the first place.

This post shows you that if you’re dedicated and clever enough to plan your finances correctly, you too can follow the path to riches that many a millionaire has walked before you.

Many millionaires don’t live the high life. They budget wisely to maintain their affluence.

If you were a millionaire, you wouldn’t hesitate to wear Prada and drink Champagne every day for breakfast, right? But despite the stereotypes, many actual millionaires purchase fewer expensive items than you do – and they are happy doing so.

If you want to become a millionaire, you’ve got to learn to save responsibly at the moment when you first start to earn more money than you need to live on.

The majority of self-made millionaires have modest backgrounds and achieved great wealth by saving their monthly earnings and avoiding spending cash on stuff they didn’t need. This simple rule is one way you too could become a millionaire, without ever actually making a million dollars a year.

People become millionaires by controlling their budget and maintaining their affluence in the same way. They’re also practiced at thinking long term and planning for the future.

A survey of millionaires found that for every 100 millionaires who weren't budgeting and thinking about their financial future, there were 120 millionaires who certainly were.

Planning and structuring expenses is key if you want to become a millionaire. To start, set a goal, such as having a certain amount of cash tucked away for retirement. Then budget your expenses, living costs and investments.

Mrs. and Mr. Rule are millionaires, and their main goal is to be financially independent when they’re ready to retire. By this time, they want to have saved some $5 million.

To make this happen, the couple cleverly allocates their time and money so that they can continue to invest in their business while earning and saving money that can be used toward real estate purchases or home renovation projects.

True millionaires believe financial independence is more important than flashy social status.

Many real-life millionaires are more interested in financial independence than owning a fleet of Rolls-Royce luxury cars.

Financial independence plays an important role in well-being. Of those in the same income bracket, people who are financially independent are happier than those who aren't.

But what does it mean to be financially independent? If you are able to continue the lifestyle you maintain now when you retire, and are able to survive a future financial crisis, then you are financially independent.

Financially secure people are clear about future goals, which enables them to organize household budgets according to personal priorities.

Let’s revisit the Rule family again. Mrs. Rule is happy and financially secure. Even if she suffers a physical injury, she will never be financially dependent on anyone. She’s even in the position to put funds aside for her grandchildren, whom she hopes will graduate college one day.

Many people can picture the prototypical American millionaire, the big-hat-no-cattle type – that is, a person who looks like a rich rancher but doesn’t actually own any cattle. They drive luxury cars but earn average incomes. And even if they earn a decent income, they struggle to accumulate wealth.

In other words, these millionaires don’t have as much money as you’d expect. To calculate the expected wealth of a person, use this equation: the person’s age multiplied by the pre-tax annual household income, divided by ten.

For example, Mr. Friend earned $221,000 one year. Since Mr. Friend is 48 years old, his expected wealth would be 48 multiplied by 221,000, then divided by ten, which equals $1,060,800.

But by squandering his cash on luxury goods, Mr. Friend’s actual net worth is less than $260,000. He’s no millionaire! In fact, he’s a big-hat-no-cattle guy, also known as an under-accumulator of wealth. Simply put, he’s not worth as much as he could be.

Millionaires know where and how to spend their cash. Invest in what you know!

How do millionaires choose what to invest in? Clever millionaires know that dishing out on medical care for their family and investing in methods to make a business more productive is the way to go.

Although these millionaires are often frugal in other respects, price is not an issue when it comes to buying investment services, getting tax advice or spending on medical care for themselves and their loved ones.

Likewise, they know to buy products or services that improve their businesses, such as additional office space or computer software.

Take millionaire Mr. South. He says he would never buy a Rolls Royce for himself, because in his lower-middle-class neighborhood, it would turn too many heads. Instead, he understands that using his money to pay for his grandchildren’s dental care makes far more financial sense.

Smart spending also means smart planning. Millionaires spend a greater amount of time planning investments and often reap more benefits from them than those who neglect to plan.

Moreover, if you want to increase your wealth by investing in specific businesses, you’ll need to plan as well as get some expertise. Everyone has at least one area in which they have considerable knowledge, so use this to your advantage when investing.

For example, Mrs. Smith is an auctioneer who specializes in commercial real estate. Which industry should she invest in? Commercial real estate, of course.

Mr. Long however knows a lot about antique furniture. Should he invest in high-tech securities? Probably not, as he should stick to what he knows best.

The typical millionaire isn’t all Hollywood glitz and glamour. Many live well below their means, saving and budgeting money diligently and spending it intelligently. If you consistently adhere to these simple standards, you too could become a millionaire.

Action plan: Cash looks better in your bank account than on your body! Next time you receive a bonus or get a raise, resist the urge to splash out on some flashy new gadget or trendy piece of clothing. Save the money and enjoy watching it grow in your bank account.

#Learn From the Lives Of Millionaires

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businessreviewguidenow · 4 years

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10 Millionaire Books for Entrepreneurs

This is our recommended reading list of the 10 best books for any ambitious entrepreneur to build the confidence to slay dragons and become a millionaire.

1. Total Money Makeover

by Dave Ramsey

2. The Millionaire Next Door

by Thomas J. Stanley, PhD

3. Everyday Millionaires

by Chris Hogan

4. Rich Dad Poor Dad

by Robert Kiyosaki

5. The Latte Factor

by David Bach

Entrepreneurs, think about it. Are you doing the same thing in your business? Are you frittering away your resources on small ideas without investing in goals that will build lasting value?

6. Think and Grow Rich

by Napoleon Hill

7. Built to Sell

by John Warrillow

Read our review of Built to Sell.

8. The Highest Calling

by Larry Janesky

Read our review of The Highest Calling.

9. Built Not Born

by Tom Golisano

Read our review of Built Not Born.

10. Jim Cramer’s Get Rich Carefully

by Jim Cramer

Conclusion

Inspire you to a positive mindset. Great books fire you up to achieve great things.

Teach the right money moves. Positive inspiration is one thing, but knowing what to do and how to do it is essential.

Focus your attention. When you “lean in” on goals and dreams, you are more likely to achieve them and gain power.

Visit our Self-Improvement books category to find more.

This article, “10 Millionaire Books for Entrepreneurs” was first published on Small Business Trends

source https://smallbiztrends.com/2020/06/millionaire-books-list.html

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topicprinter · 5 years

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Being an entrepreneur is a never-ending journey. It’s a lifestyle. Knowing how difficult this specific life path is, I want to impart a little bit of knowledge to you guys that I picked up throughout the years. These are my 6 business rules that helped me sell two 7-figure businesses and that will hopefully help you do the same!(S)ocialization(H)ealth(A)ltruism(P)assion(E)xperiences(S)elf-explorationAltruismHumility is not thinking less of yourself, but thinking of yourself less.-C.S. LewisYour business has to provide value:This is a really easy concept, yet so difficult for most aspiring entrepreneurs to grasp. The average person isn’t naive. They’re not just going to throw their hard-earned money at you. You have to provide something of value that helps them solve a problem or allows them to grow. Facebook created a platform that connected family and friends around the world and then later introduced their ad system that generated billions of dollars for them. To be successful in business, think with your heart first and your pockets second. Don’t have “money eyes” from the start because, more often than not, people will be able to sense your greed and that will lead to an immediate loss of a sale. Being genuine and authentic is imperative for long-term success while also mentally feeling good about yourself.Give out free content:The truth is that everything out there is greatly saturated. You no longer only compete with people from your city, state or country but with everyone that has access to the internet around the world. How do you stand out from the rest? Be genuine and provide free content. Don’t do everything for free but just enough to where you have built trust and provided enough value that the individual is hungry for more. As I stated above, provide valuable content that helps them solve a problem and then plug your product or service once they’ve shown interest in your methods. Another way you can accomplish this is by providing valuable content in blog form. Blogging is still a highly effective way to build trust with your audience while simultaneously driving traffic to your website: Ahrefs.com is a great example of this form of organic growth (I am not affiliated with them).Build trust with your customer:Why would I buy something from a nobody when I can get a similar product or service from a reputable brand? This is where you have to separate yourself from the crowd of wantrapreneurs and also prove why your product or service is superior to more established brands. One way to accomplish this is by providing free samples of whatever you’re selling. Early success comes from quality service. The most successful marketing method is WOM (word-of-mouth). It’s also the cheapest. If you want people raving about your product or service, make sure that whatever you’re selling is truly the best compared to whatever else is out there and that your customer service is akin to a 5-star hotel concierge.Set aside your ego:Ego is very important in business. However, an overinflated ego can be detrimental to your success. I’ve met far too many entrepreneurs that tried to do everything themselves and doing so caused their businesses to drown. The most successful entrepreneurs are the ones that know how to build a great team around them. If your social skills are poor and you have no experience in managing employees then you absolutely need to find a strategic business partner that can help you in this department. Different perspectives spur new ideas.ExperiencesThe core of man’s spirit comes from new experiences.-Jon KrakauerStop reading about success and failure stories:I’ve never heard of an entrepreneur finding success without learning from failure. However, you can only learn this anecdotally by applying different business methods yourself until you find a combo that works for you. Reading other people’s success/failure stories is foolish because their way of thinking, knowledge, passions and skillset is completely different to your own. It’s as unique as your own fingerprint. You also don’t know their complete story. Many entrepreneurs consciously or subconsciously leave out key details. Thus, replicating these business models usually leads to failure before launch.There’s a difference between a guru and a mentor:A mentor doesn’t sell you on a scam. They sell you on knowledge that you can then apply for yourself. There is no such thing as, “If you follow my method, you will make X amount of money.” If that was the case, the individuals selling the course would be out of a business. If it seems too good to be true then it most likely is a “scam” — I put the word ‘scam’ in quotations here because it’s not always a scam but most of the time these guru’s aren’t completely truthful about their methods or they are leaving out important details like specifications on product research and upfront marketing costs.Don’t put all your eggs in one basket:Trends come and go. If you don’t diversify your business model, you’ll take a big financial dip. Investors like entrepreneurs who stay ahead of the curve. If you’re able to predict market changes, you’ll garner yourself a lot of attention and financial success.You can’t make money without investing money:I see this mistake a lot: “How do I start a business with $0?” Short answer: You can’t. Get a 9-5 job. Whether it’s paying for website hosting, branding or marketing, you’ll need at least a couple hundred dollars to get started. If you don’t have money, you need a day job while grinding during the off-hours. Get rich schemes don’t exist. You either put in relentless and consistent effort or you’ll inevitably fall behind.You (most likely) won’t get rich fast:Who doesn’t want to make a million dollars overnight? The reality is that, for almost every entrepreneur you’ve heard of, it took months, if not years, to build their wealth. I’ve heard of companies exploding overnight after a successful marketing campaign but it took them years of grinding and barely staying afloat before that day came. Stay focused, motivated, and don’t give up. The entrepreneurial life is one filled with ups and downs. That’s part of the fun! Enjoy the process.Not all of us are trust fund babies:My family came to the States from a war-torn country when I was a child. We arrived with only one suitcase and no money. My dad worked a blue-collar job until the day I was able to retire him. Yes, dreams do come true; however, you can never forfeit the belief you have in yourself. There is a certain beauty in being self-made. The hunger to never fall back into poverty turns into an inextinguishable fire. Those born into money usually have more opportunities but less drive.Master the 3 most effective marketing strategies:Based on personal experience, I’ve found email, paid/organic social media, and word-of-mouth marketing to be the most effective marketing methods out there. They don’t have a steep learning curve, nor is it hard to master any of the three methods.HealthHumans live on one-quarter of what they eat; on the other three-quarters lives their doctor.-UnknownSleeping less than 8 hours a day is how you become successful (myth):There’s this pseudoscience practice circling entrepreneurship where many people believe that sleeping the fewest amount of hours per night leads to success. This logical fallacy arose from motivational speakers and wantrapreneurs trying to convince the masses that entrepreneurs can develop superhuman abilities. Scientists have definitively determined that lack of sleep leads to cognitive impairment, which affects our business decision-making skills. Some of the most elite athletes in the world sleep at least 10 hours per night, which helps them prolong their respective sporting careers — Lebron James and Roger Federer being prime examples.Your lifestyle determines your success:If you’re not eating healthy, exercising daily and practicing good mental habits then you’ll never reach your maximum entrepreneurial potential. Our lifestyle directly affects our biopsychological tendencies. The habits we adopt greatly influence how we process information, make decisions and communicate with others. If you are health deprived, you won’t be able to function optimally from a business perspective.Self-ExplorationWho looks outside, dreams; who looks inside, awakes.-Carl JungRefrain from starting a family and a business at the same time:This one is controversial but it’s the cold hard truth. If you’re in the midst of starting a business and you also want to start a family, you’ll find yourself being pulled in polar opposite directions. While children can become a source of motivation (to provide a better life), you’ll find more often than not that you’ll have an internal conflict of how to allocate your time so that you’re able to be a good parent while also running a successful business. Start a family when you’re financially stable so as to not spread yourself so thin. If you’re already in this situation, understand that balance is your key to happiness. You don’t need to be a multi-millionaire to find financial independence and family stability. Also, remember that time is your friend. You may take longer than your single friends to get to where you want to be, but you’ll get there eventually.Figure out the legacy you want to leave behind:However small, each of us has a meaningful effect on society. We possess the power to positively or negatively influence and impact others. Nikola Tesla was once simultaneously the richest and poorest man on the planet. He was rich in the sense that his inventions progressed mankind into the future. He was poor because his obsession for innovation compromised his well-being. Ultimately, you control how you want to live out your life.PassionI do not think there is any thrill that can go through the human heart like that felt by the inventor as he sees some creation of the brain unfolding to success... Such emotions make a man forget food, sleep, friends, love, everything.-Nikola TeslaWell-balanced individuals are the happiest:Happiness is fleeting — it exists only in moments. Well-balanced people know how to find those moments more often than others. They usually accomplish it by diversifying themselves. They travel. They make time for networking and visiting family. They explore nature and their inner-self. They are social creatures that seek positive conversations. They choose meaningful and passion-filled career paths that provide them the ability to accomplish all the other aforementioned aspects of their life. Anything that you do in life, do it with passion, do it with fire and never compromise your spirit’s honest intent. If you have a passion for something, it means you already possess the necessary skills to make a career out of it.SocializationHappiness is only real when shared.-Christopher McCandlessJoin a community of like-minded individuals:Socializing, or more specifically, networking, is an integral part of business. Most entrepreneurs struggle with open communication because they are constantly stressed with the idea of impressing others and portraying a certain image of themselves that attracts other successful people. When they attend events such as Masterminds or other business conventions, they spend more time selling themselves than building meaningful relationships that can actually help them grow in business and life.This gave birth to an idea of creating a luxury-based business retreat, Lusso Retreats. Yes, you knew it was coming...the plug! Our goal was to create a relaxed and collaborative environment where like-minded business professionals gather from around the world at one of our luxurious villas to work on restructuring their approach to business solutions. We have a portfolio of over 500 villas that are hand-chosen by us with the most expensive villa being $20,000,000+. Apart from business discussion, we also chat about life and any other topics that come up as a group. Every retreat includes at least one activity, such as sporting events, yacht excursions, and other unique experiences. Last, but definitely not least, we also provide amazing food and drinks. It’s not all business during these retreats — we have a lot of fun!To prevent this post from being spammy, you can find out more information on our website: LussoRetreats.com. We can only accept a limited amount of guests for each retreat, so we operate on a first-come, first-serve basis. Our next villa retreat is in 8 days on the beautiful Turks and Caicos islands with limited rooms available. Check out photos of this particular villa here. If that one isn’t possible for you, we also have other upcoming retreats! If you’re interested in joining a retreat or have any questions, feel free to reach out to us for more information: LussoRetreats.com/Contact.I hope these 6 business rules help you grow your own ventures by reforming your approach to business and life. Remember to always enjoy the process!

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i-globalone · 5 years

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Being one of the most popular actresses on one of the longest-running shows is bound to net you a fair sum. However, we’ve seen stars that grossed a colossal amount end up in the poor house before. Money management is a vital skill. It doesn’t matter what you make if you have no clue what to do, other than spend all that cash. Fortunately for her, Ellen Pompeo is good with numbers, or at least her financial advisors are. Whatever the case, she’s amassed an enormous sum. Here’s how Ellen Pompeo achieved a net worth of $70 million.Early InfluencesEllen was born on November 10th, 1969, in Everett, Massachusetts. She’s the youngest of six children with three brothers and two sisters. Her mother passed away from a painkiller overdose while she was still very young, and Ellen cites that early experience as a part of why she appreciates life so much. Seeing someone you love, especially a parent die when they’re still young themselves (Ellen’s mother was 33), gives a young person perspective on the world. Doubtless, Ellen will always carry what she learned from that experience.Once she reached adulthood, Ellen moved to Miami, Florida, where she began working as a barmaid and dating fashion photographer, Andrew Rosenthal. The couple eventually moved to New York City together in 1995, and it wasn’t long before she was approached by a casting director who had her appear in ads for L’Oreal and Citibank. Her career seems to have started almost by accident. However, the casting director had a great eye and clearly knew their business because Ellen would go on to become wildly successful, though not just yet. How did she manage to go from slinging drinks in Miami to becoming one of the most well-paid actresses on television? It wasn’t an easy path. Ellen took a lot of smaller roles at the beginning of her career. However, they paid off in the end.Early CareerEllen worked in New York for a while doing small independent films, ads, and other acting work. It was pretty standard fare for an up and coming actress. Her Television Debut came in 1996 when she guest-starred on an episode of NBC’s Law and Order. It would be three years later in 1999 before she landed her first feature film role, a small part in Coming Soon. The next year she made a second appearance on Law and Order.Over the next four years, Ellen would perform a series of roles in films and on television. Notably, this included playing the ex-girlfriend in Eternal Sunshine of the Spotless Mind, where all of her scenes were later cut from the film. Regardless, it was a project she’d enjoyed being a part of, and she mentioned her gratitude for the role. Altogether she worked on about eighteen different shows and movies during the time before her real ‘big break,’ which finally happened in 2005. Dr. Meredith GreyGetting the lead role as Dr. Meredith Grey in Greys’ Anatomy was the significant role her talent had been waiting for. Throughout her early career, Ellen was often praised for her abilities, but the world didn’t really get to see what she was capable of until Greys Anatomy. Taking on what would be the biggest, and possibly final role of her career was a serious endeavor. It was just a year later that Ellen first mentioned that Greys Anatomy would likely be her last role as an actress.Though the cast couldn’t have known it in advance Greys Anatomy, a word-play on the famous textbook Grays Anatomy, was a hit from the moment it first aired on March 27, 2005. Audiences and critics alike praised the show and Ellens’ more than capable performance. Though she began as an intern, Dr. Grey would become the driving influence at her hospital over the next sixteen seasons. Likewise, Ellen would become one of the best-paid actresses of all time. In 2018 Ellen renegotiated her contract and agreed to be Meredith for another two seasons. At that time, she negotiated a phenomenal twenty million dollars a year salary for doing the show.And Then SomeThere was more in her agreement than that fantastic sum of money. Ellen has decided to transition out of acting and into producing. Her name is on the credits as a producer now if you’re paying attention when the episodes end. Ellen has also become a co-producer on the series spinoff Station 19. The deal goes deeper than that. Ellen has created her own production house. Calamity Jane Productions has it’s offices on Walt Disney Studios property. That may have been influenced subtly by her decision to lend her voice to the character Willow on a 2017 episode of Doc McStuffins, but we’re not sure. Regardless the production company has already gotten off to a running start. They’ve developed ideas for two shows with ABC already, and there’s plenty more where that came from.Career and Money SavvyIf anyone understands how important it is to take a win and parlay it into a better situation, Ellen Pompeo is that woman. She wrote a piece on the gender wage gap for the January 2018 edition of The Hollywood Reporter, and she’s not stopping there. By moving from the spotlight to behind the scenes, Ellen stands to continue her upward trend and increase her pay over time. If you thought she’d stop at a whopping twenty million a year, you were wrong. Ellen has long term plans that definitely don’t involve retiring anytime soon. Times are changing, and women’s equality is finally starting to get rolling. Ellen Pompeo is a woman who knows an excellent opportunity when she sees one, and we’ll be fascinated to see where she goes next. Somehow we doubt Calamity Jane will be the end of her career aspirations, though we can’t wait to start viewing more of her shows.Final ThoughtsIn a field that’s salary-dominated by male actors, and run by mostly male producers and directors, women like Ellen Pompeo are blazing the trail for the next generation of women to keep moving forward and upward. It’s fair to say that Ellen earned all her money the smart way, with her talent and her incredible savvy. She has an eye for what works and when to pounce on an opportunity or create one of your own. Though she made her first few million from the screen, like most self-made millionaires, Ellen is building a business model that will help keep her on top for years to come. Lookout (disgraced) Weinstein, the women are finally making their move to take half the pie, and ladies like Ellen are at the front of the line.

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jamieclawhorn · 6 years

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Was I wrong about Bitcoin all along?

I’ve been bearish on Bitcoin since it surged to almost $20,000 a little over a year ago. I think the cryptocurrency suffered from speculation that created an unsustainable bubble, a bubble that could still be deflating and could retreat by more than 90% from where it is now.

But am I wrong about Bitcoin? In December, my Foolish colleague Rupert Hargreaves punched out an interesting article that made me think about the whole cryptocurrency ‘asset’ class.

A tenuous case for the upside?

Although unlike a trading company, Bitcoin pays investors no dividend, generates no cash inflows, owns no tangible assets, and can’t add value to anything to generate wealth, it has one thing going for it. That ‘one thing’ is that the number of Bitcoins in existence is limited to 21m. So, the counter-argument to my bearishness is that demand for the virtual currency could rocket if people decide to adopt it as a mainstream currency, which could push the price up because of limited supply.

Rupert’s tantalising headline suggested $100,000 as a possibility, although he balanced that by saying that “If everyone suddenly stops using it, then the price will likely fall to zero.”

However, I think the case for Bitcoin at £100,000 is tenuous. I remember the long search for the creator of Bitcoin. In the end, some bloke (or several people) called Satoshi Nakamoto reckons he (or they) started it off. But how can we be sure? I reckon there’s a big flaw in the case for mainstream adoption of Bitcoin because if Satoshi Nakamoto declared the creation of 21m Bitcoins, what’s to stop some other person declaring the creation of 21m of something else to compete?

That’s already happening, of course. Witness the proliferation of Altcoins (or Alternatives to Bitcoin), such as Ethereum, Ripple, Monero and Bytecoin. Then there are all those so-called ‘forks’ where a single blockchain diverges into two paths. Bitcoin forks include Bitcoin Cash and Bitcoin Gold, and Ethereum forks include Ethereum Classic and Ethereum Fog, for example. Then we’ve got intentional forks, unintentional forks, hard forks, soft forks, and other nonsense that could work against an investment in Bitcoin.

A basketful of risks

Meanwhile, if you trade in cryptocurrencies, it pays to hold your nose. They’ve been popular in the criminal underworld and the US Commodity Futures Trading Commission has warned that virtual currencies are risky because the exchanges lack regulation or safeguards. That means they’re vulnerable to theft, hacking, fraud and market manipulation because of potential self-dealing by exchanges. Meanwhile, the Bank of International Settlements has cautioned that Bitcoin lacks any stability of price, requires high energy consumption, has high and variable transaction costs, and is vulnerable to debasement from forking.

It all paints a bleak picture for the outlook for Bitcoin. But The Economist threw a few crumbs of comfort to Bitcoin-believers in 2015 when it claimed some of the criticisms were unfair. The publication argued that the underlying blockchain technology is useful and Bitcoin’s volatility could settle down. But I must say there’s been scant evidence of those views over the ensuing three years! On balance, I’m sticking to my bearish stance on Bitcoin and will continue to seek my fortune in shares instead.

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