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Thursday, July 24, 2008

Rich Dad Poor Dad

Rich Dad, Poor Dad is Robert Kiyosaki's first best-selling book. In it, he advocates financial independence by means of investing, real estate, owning businesses, and the use of finance protection tactics.
Rich Dad, Poor Dad is written in what is meant to be an entertaining anecdotal manner to make finances interesting. The most central element stressed by Kiyosaki is the advocacy of owning the system or means of production, rather than being an employee of someone else.

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What I Learned Before I Sold to Warren Buffet

"Your book is terrific. It contains helpful advice and is easy to read."— Warren Buffett

" This is 24-carat advice– a real gem for any aspiring entrepreneur." – Harvey Mackay, author of the #1 New York Times bestseller, Swim With the Sharks Without Being Eaten Alive
" Who better to teach us all about managing and growing a business than Barnett Helzberg? His honesty and upfront perspective on management and business principles should be required reading for a wide audience." – Henry W. Bloch, Cofounder and Honorary Chairman, H& R Block, Inc.
" What I Learned Before I Sold to Warren Buffett is based on thirty-nine years of hard work and experience. It is interesting and instructive, and I highly recommend it." – Bob Dole
Although the chances of receiving a phone call from Warren Buffett are small, the chances of developing a highly successful company are better than you may think. All you need to succeed is a burning desire and the right set of entrepreneurial skills. In What I Learned Before I Sold to Warren Buffett, Barnett Helzberg shares his thirty years of experience in running a successful business and outlines the steps needed to prosper within a challenging business environment.

What I learned bef...

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The Millionair Next Door

You’re living a wealth-building lifestyle or expending your wealth maintaining your lifestyle?

The general premise of The Millionaire Next Door is that the pop culture concept of a millionaire is quite false and that most actual millionaires live a very simple lifestyle. The authors, Stanley and Danko, did extensive profiling of people whose net worth defined them as millionaires along with those whose salaries and age defined them as likely millionaires and, using this data, created a detailed profile of who exactly a typical millionaire is. From there, extensive interviews with these “typical” millionaires created a much more detailed picture of what it actually means to be a millionaire in today’s society.
What does this have to do with personal finance? Rather than the image that most of us have of millionaires as people who inherited their money or got famous, most of the people that are actually millionaires got there through strong individual financial planning. They’re frugal people with a head on their shoulders and are often indistinguishable on the street from anyone else.

The Millionaire Ne...
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Monday, July 21, 2008

The Fourth Estate

The term Fourth Estate refers to the press, both in its explicit capacity of advocacy and in its implicit ability to frame political issues. The term goes back at least to Thomas Carlyle in the first half of the 19th century.

Novelist Jeffrey Archer in his work The Fourth Estate made the observation: "In May 1789, Louis XVI summoned to Versailles a full meeting of the 'Estate General'. The First Estate consisted of three hundred clergy. The Second Estate, three hundred nobles. The Third Estate, six hundred commoners. Some years later, after the French Revolution, Edmund Burke, looking up at the Press Gallery of the House of Commons, said, 'Yonder sits the Fourth Estate, and they are more important than them all.'"

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Sunday, July 20, 2008

How Opal Mehta Got Kissed Got Wild and Got A Life

Kaavya Viswanathan, a student at Harvard, writes about Opal Mehta, a teenager whose life ambition it is to go to Harvard.
Right after she was born, her Indian immigrant parents, Amal and Meena, began implementing the HOWGIH (How Opal Will Get into Harvard) plan.
Opal's now 16 and as far as she's concerned, her worst-case life scenario would be to settle for Yale. But Opal, the straight-A student, is so busy with the school recycling program and the Science Bowl team that she has just one friend, her cat, Mr. Muffty. When she goes to Harvard for her early admission interview, she gets the shock of her life. The dean of admissions tells her she needs to become well-rounded, make friends and "experience being young."
If Opal Mehta needs to get a life, she can certainly take lessons from her creator, debut author/smart girl Kaavya Viswanathan. A sophomore at Harvard, Viswanathan snagged a two-book, $500,000 contract from Little, Brown at the tender age of 17. Opal Mehta, which has a first printing of 100,000 copies, has been optioned by DreamWorks.
It's clear that Viswanathan has a life, but how does Opal get one? By implementing the HOWGAL (How Opal Will Get a Life) plan. Using the same ingenuity that went into HOWGIH, her dad creates Excel documents that include Conversation Starters with Popular Girls and Essential Party Songs.

How Opal Mehta Got...
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