10 Books Recommended by Billionaires – Gates, Buffet, Bezos, Zuckerber, Slim

You’ll be surprised to learn about the kinds of books that have impacted the richest and most popular entrepreneurs of the 21st century – did they help them to be inspired, to understand the world in a different way, or to achieve greater success?

To find out you will have to make your own list from their recommendations. Here’s the list of books recommended by the billionaires.

Bill Gates

First is Bill Gates, co-founder of Microsoft and the richest man in the world, who has repeatedly recommended The Rosie Project, a novel by Graeme Simsion.

If you’re too logical, you’ll identify with this story in which a genetics teacher with Asperger’s Syndrome looks for a partner. According to Gates, the book comically teaches you how to feel comfortable with who you are.

Another book he recommends is titled How Asia Works, written by Joe Studwell, who conducts an analysis of how some Asian countries changed their agricultural economies to become financial and technological powers.

Warren Buffett

In second place is the American investor Warren Buffett, CEO of Berkshire Hathaway and on the list of the most wealthy men. This lover of finance recommends: The Smart Investor.

An investment guide, in which Benjamin Graham explains how to avoid strategy errors when buying shares. A critique of speculators who work with economic trends and a bible to achieve financial goals.

Other famous recommendation, precisely because he sent it to Bill Gates in 1991, is the book: Business Adventures: Twelve Classic Stories from the World of Wall Street.

A compilation by John Brooks, in which he highlights the importance of the human factor when it comes to achieving business success, since beyond a well-founded plan, it requires the right people to carry it out effectively.

Carlos Slim

In third place is Mexican Carlos Slim, on the list of the richest, currently owner and investor of more than 180 companies.

Slim recommends a financial classic: Super Money, by Adam Smith, a book that provides a fairly detailed overview of the nature of markets, their components, institutions and professionals.

His other favorite recommendation is entitled Así hice mi fortuna, (That’s How I Made my Fortune) by Jean Paul Getty, perhaps one of his main references, since it tells the story of this Minnesota businessman who before his death managed to control more than 200 companies.

Jeff Bezos

Fourth on the list is Jeff Bezos, CEO of Amazon, currently on the list of the wealthiest men in the world.

Bezos has mentioned The Black Swan as one of his recommendations. This book by mathematician Nassim Nicholas Taleb deals with the impact of the unpredictable, improbable and unpredictable on finance, science and technology.

Professor Clayton M. Christensen’s The Innovators Dilemma is his another favorite, where he explains the savage technological changes and the way in which companies try to adapt to them, highlighting the phenomenon of abrupt innovation.

Mark Zuckerberg

Last but not least we have Mark Zuckerberg, CEO of Facebook and ranking in the richest billionaires.

Mark has recommended the book countless times: The End of Power, by Venezuelan Moisés Naím, who recounts the changes in power management today and how it has affected large and small businesses.

Another recommendation is: Sapiens: A Brief History of Humankind, in which Yuval Noah Harari exposes the evolution of humanity from disciplines such as biology, anthropology and economics to explain how history has shaped society and its environment.

You know them, great ideas and thoughts can come to you from these recommendations, especially because they are creative and successful minds who have marked their value.

Spend time with those who catch your eye, you are sure to find new material for your projects or perhaps impulses to undertake them in a different way.

18 Ways Millionaires Think and Become Rich

Everyone wants to be successful and want to know how millionaires think and become rich. So why is it that, in most cases, this never ends up happening?

A large percentage of people will argue that there are a lot of external factors that prevent them from learning how to be millionaires. However, reality is that the really determining factor is how millionaires think.

In other words, your mental capacity is responsible for whether or not you achieve your financial goals. In fact, learning how to manage your money has a lot to do with the ideas in your head.

As T.Harv Eker stated in his book “The Secrets of the Millionaire Mind”.

“Money is a result, wealth is a result… we live in a world of causes and effects”

Based on this, if your goal is to become rich and achieve financial freedom, you will need to review the ideas you have in your mind and evaluate how much it looks like the millionaires think.

How millionaires think unlike other people

In his book, How Rich People Think, millionaire Steve Siebold set about interviewing more than 1,200 successful people over the past three decades.

Here are the 18 ideas responsible for making these people so rich. The first thing you’ll discover is that becoming a millionaire is not as much about money as it is about your mentality.

1. For millionaires, goals are worth gold

When they have well-defined life goals, professionals are much more productive than those who improvise every day.

Now, one of the ways millionaires think is reflected in the way they approach their goals. For them, these are not just small goals, but priorities that are worth gold, for which they work every day.

2. The future is more important than the present

This actually is a debatable thought from a subjective perspective, since one could easily argue that “living in the moment” is more important than worrying about the future.

However, when you understand how millionaires think, you are more likely to know how to be successful because you have a forward-looking mentality.

Millionaires are not afraid to make short-term sacrifices if it means long-term gain, and are not tempted by momentary pleasures because the future is their priority.

3. Failure is not a bad thing, it’s one more step

The fear of failure is what has prevented majority of individuals from seeking purpose in life.

For example:

You work in a position that you don’t like but it’s your only source of income, you have the option to quit and start your own business, you’re even considering cheap franchises, but losing stability frightens you and more knowing you can fail so you never really try.

Failure always represents a possibility, and as a society we must stop discrediting it. To understand how millionaires think is to recognize that failure is a necessary step in the process. An opportunity to learn.

It is more important to know how you handle your plans when things go wrong than when they go well.

4. Opportunities are everywhere

Opportunities come when you least expect them. When you understand how millionaires think, and you get ready, you can find them everywhere, anytime or on the day you least expect them, you’ll be more attentive to them.

With this mentality you will discover more opportunities for yourself and end up giving value to every moment of your life.

If you’ve been considering the idea of starting a digital business for a while, here are more than 30 ideas for making money online.

5. Calculating the risks you’re going to take is important

The risks are frightening but without them it is extremely difficult to grow.

Studies suggest that the richest and most successful professionals are those who are not afraid to take a calculated risks.

They go against the current, take risks with an idea that they believe is the best investment and are not afraid to face possible sacrifices.

If you are not taking any risks then you are not on the path to a possible rewarding reward. And of course without these rewards you will never get anywhere.

6. Being consistent is good up to a point

Consistency is a state of mind that is difficult to achieve, but that is really important.

For example, if one of your goals is to accumulate great wealth through investments, you have to invest a certain amount of money each month, otherwise you will lose momentum.

However, there is a point at which being consistent does more harm than good. When it starts to lead you down the wrong path, such as developing a bad habit or unproductive routine.

It’s hard to find the time when these “bad” types of consistencies come up, but you’ll need to keep an eye on them.

7. A millionaire understands that nothing and no one is perfect

Accepting that nothing is perfect helps you in a number of areas, you won’t be as worried about taking risks as before and you won’t hesitate so much to start a new project.

You won’t be so discouraged when something goes wrong. Or when you overlook an imperfection, you won’t find yourself looking for the “perfect” time to launch a product and you won’t abandon your goals just because you didn’t accomplish them as you originally expected.

8. What millionaires think of happiness

Most people think that the rich are dishonest, and most of all, they have a lot of luck. And while the rich know that money cannot buy you happiness, it does make your life more pleasant and easier.

9. Selfishness

Rich people go out and try to be happy on their own. They do not pretend to show themselves as saviors of the world. They know that you cannot offer welfare if you do not have it.

If you want to be a millionaire and successful you must offer a unique value to the society where you are. It’s not about being selfish. But to offer something that is different, you must first work on yourself, on your skills and define how you plan to differentiate yourself.

To help others, you must first work on how to be a better person.

10. Millionaires have a vision

People who think their best days are over will never be rich and will usually have to “fight hard” and deal with depression.

Those who have built wealth got there because they were willing to believe in themselves and to project their dreams, goals and ideas into the future.

11. Millionaire ideas about work

Most people think rich people work all the time. However, one of the strategies for learning how to be smarter, which the rich have used, is to discover their passion and find a way to get paid for it.

12. What the rich think about investing the money

Rich people know that not having the financial solvency to afford something is not relevant. The important question is, whether it is worth buying, investing or following?

Many think that the reason why they do not reach their financial goals is due to their inability to raise money to invest.

The reality is that, if you have a good idea, persistence and convincing capacity, capital becomes secondary. Remember that the money you have is simply a reflection of the thoughts you have in your mind.

13. The kind of friendships of the rich

The rich have decided not to waste their time with people who do not add value to their lives. The middle class even use this pretext to judge their wealth, and decide to become part of mediocrity instead of improving.

So choose the type of friends that surround you very well, as they can raise or lower you to their level. Never forget that you are the average of the five people you spend most of your time with.

14. The opportunities

People are so busy collecting discount coupons that they have missed out on great opportunities. Even in times of crisis, the rich do not waste time on “promotions”, they are focused on where the “huge money” is.

15. An idea regarding expectations

Pay no attention to the one who tells you that life must be difficult, a constant struggle where you must be content with what you have, and be thankful for it.

Now, don’t let expectations get you excited about people, situations or opportunities. Usually, life’s great disappointments don’t come from others, they come from the ideas you get from them. So focus on the present.

16. Everyday is a new learning opportunity

Enter the home of a millionaire person, one of the first things you’ll encounter is an extensive library, full of books, that they’ve used to educate themselves and be more successful. The middle class prefers their magazines, novels and celebrity magazines.

17. The importance

Wealthy people know that the primary emotions that drive financial markets are fear and greed. This is the reason why they include these factors when making a decision. This is known as emotional intelligence.

The knowledge of human nature and its impact on their decisions gives them an advantage when developing investment strategies.

18. The engagement

Most of the people believe that everything in life is a choice and that you have to choose between one of the options you have. The rich think differently and instead believe that they can have anything they want, as long as they move towards their goal strategically with dedication, hard work and love.

In conclusion, while it’s not easy to apply the way millionaires think about your life, you can start with just one of these ideas.

It’s likely to be difficult for you to accept these ideas. But you can accept the one that you like and slowly integrate them into your life. You’ll begin to make better decisions and form habits that will someday lead you to the success you’ve always dreamed of.

Be patient and never stop moving forward.

Credit Card: Benefits, Pros & Cons

Credit card also known as plastic money, is a card that allows us to make payments almost everywhere without the need of having cash. It is issued by banks or financial institutions and can be characterized as a means of payment.

We use the credit card for shopping, hotel/airline tickets purchase, restaurant visits and many utilities. But most of all, it’s easy to shop on the internet.

Borrowing Money:

Its biggest difference against the simple bank card is that the card user gets to borrow money immediately instead of withdrawing it from our bank account. What does that mean?

We can use money we don’t have. As the name says, we take a loan from the bank. This credit is later repaid in two ways as follows:

  1. You can pay the full amount at the end of the month. Thus, no interest is applied. You only pay for the money you borrow.
  2. You repay the loan amount in small monthly installments. In this case the banks charge an interest rate.

How do we benefit?

Credit cards are a widely accepted and very useful means of payment, especially abroad. Ordinary credit cards are accepted in limited countries. On the other hand, credit cards are almost everywhere accepted and then very convenient during your travels in America, Europe, or Asia.

In addition, you benefit from several insurances against the damage of your purchases or unforeseen accidents during your travel.

What are the strengths and weaknesses of a credit card?

If you’re wondering what a credit card is for and there are hidden traps, the following list will answer your questions.

The positive sides:

– A credit card offers more convenient payment over cash. You only bring a card which can be used to pay everywhere. Without worrying about withdrawing a sufficient amount and without fear of having to circulate with a large sum. Credit cards are accepted worldwide and in most of the countries.

– Easier and safer online payments. Credit cards are insured against fraud, or non-delivery of your purchases. In case of accident you cancel the payment and everything is paid by your card issuer.

– In case of an urgent purchase, credit cards will give you the money to pay without having it in your bank account. You can then repay once the statement arrives.

– If you pay off your credit card bill at the end of each month in full and stay within the credit limit, there is no interest to pay.

– You benefit from the additional services that you do not find with conventional cards. Insurance and assistance are linked to most credit cards. You are also part of a loyalty programme from which you earn discounts, air miles and other exclusive offers depending on the card chosen.

Points to watch out for:

– Be careful with your expenses. Sometimes if you borrow a lot of money, it is expensive to pay it back. In this case it is better to try a personal loan, with a more favorable interest rate than credit cards.

– Credit cards often charge an annual fee for their use. If you don’t use your card frequently, maybe a regular credit card is enough for you.

– Cash withdrawals are not recommended with your credit card. Additional charges are applied. In this case, prefer to use your credit card.

– In any case, there is still the risk of theft. Be careful, keep your PIN code secret and call your provider’s stop number immediately in case of loss.

In short, credit cards are very profitable and useful in everyday life, if you follow a rule: you only use money that you can repay. There is also a reason, that we are restricted by the limit of the card.

9 SECRETS Credit Card Issuers Never Want You to Know

Credit card company’s main job is to play with weaknesses of the people. Whether it is a line of credit, rewards points that we think are convenient, or grace period.

That’s why we’ve put together the 9 secrets that credit card companies certainly don’t want you to know in order to earn more profit.

Frankly, if we all used them, there would no longer be a credit card industry. Because the profits made by banks will reduce to half than they make today.

So start using following strategies today to beat the banks and put the odds on your side!

1. Use Automatic Debit

Banks hate customers who pay their credit cards bill every month, in full, to the point where they call them “free riders” or “profiteers”. And you should be one of them.

One way to stay ahead of banks is to set up a auto debit, which allows you to automatically pay your credit card bill each month from your bank account. You have the choice of paying the minimum payment, the full balance or a fixed amount.

If you pay your credit card bill in full, each month, you’ll never pay interest and have any more debts! It is the safest way to own a credit card and the ultimate way to beat the banks.

2. Negotiate your interest rate

Believe it or not, credit card issuers are so afraid of default that they are willing to reduce your interest rate if you have a balance. Card issuers regularly cut interest rates by 50%, from 19.99% to 11% or less! Just call them, explain your situation and make your request – go ahead, you might be surprised by receiving a gift in the form of lower interest rate.

3. The bank is responsible for all charges of fraud

If there is ever an unauthorized charge on your credit card, your credit card issuer is 100% responsible for the charge – not you. Just call your card issuer, identify the unauthorized charge, and it becomes their responsibility to deal with the merchant and investigate the fraud.

That’s why credit cards are great to use online, or when you travel. Even if your card has been stolen, hacked or used by any person, that’s the card issuer’s problem, not yours.

Make sure you do not write your PIN on your credit card, otherwise your bank will have the right not to cover you for the fraud.

4. Apply for a maximum on your credit limit

It’s weird how banks give you a credit limit, but allow you to increase it, and then charge you a penalty fee of $25 or $30. That is a good example of misleading.

To avoid this situation, call your credit card issuer and ask for a “maximum” on your credit limit. This will stop you on your credit limit (a real limit), so you can avoid unnecessary penalties and will also be forced to stick to your budget!

5. Reduce your credit limit

We all love the flexibility of a large credit limit. But the truth is that people get into trouble/in a difficult position because they exceed their limit, which is usually more money than they can afford to pay back in one or more months.

Don’t be afraid to call your bank and reduce your limit, so it stays in your monthly budget. Of course, make sure you keep a limit sufficient to be able to pay for things like airline tickets for example. But other than that, reduce your limit until you’re comfortable.

6. Transfer your balances at 0%

Banks hate when customers “surf on rates”. If you need to keep a credit card balance, it is more advantageous to transfer your balance to a 0% balance transfer credit card.

All you have to do is request the balance transfer card, provide the bank name, credit card number and the amount of balance you want to transfer in your application and the bank does the rest!

When your promotional rate expires after 6, 10, or 12 months, find another card, and repeat! While banks can charge from 1 to 3% of transfer fees, this remains much better than the high interest rate (11.99% to 29.99%) that most people pay. You could literally save thousands of dollars.

7. Shuffle your credit cards

Banks are aggressively seeking new customers. So much so that, many offer free flights, free hotel nights, and cash back to attract new customers.

The truth is that it is more advantageous to take benefits of the promotion, whether it is for welcome bonus points or 5% cash back in the first 6 months. Then once the promotion is over, move on to the next promotion. You can usually request a new card every 90 days without any problem, this essential means 4 cards per year.

8. Get your annual fee waived

Some of the best credit cards available have annual fees. But did you know that many banks will waive annual fees for their best customers? If you’re not a big spender, you may find this difficult, but if you spend enough, credit card companies will do almost anything to keep doing business with you.

Call your credit card company and ask what they can do for you. At worst, they may will deny any such offers. But remember that you miss 100% of the chances you never take!

9. Don’t keep a balance to improve your credit rating

There is a misconception that to build a credit history, you must maintain a credit card balance and remain in debt. This is absolutely false.

You can easily get an 850 credit score by paying off your monthly credit card balance and you can maintain a small balance. The only difference is that the first choice is much cheaper. Banks have long let this myth grow because it is extremely profitable for them. But don’t be fooled – you are always better off paying your balance sooner than later.

In summary, credit card companies have made debt very easy for cardholders. That said, there are many tools to help you beat the temptations and pitfalls set by banks. Unlike casinos, there really are ways to beat banks, so use them when you can!

10 Rules to Get Out of Debt

Debt is mainly the result of excessive consumption or ill-considered financial habits. Debt, a financial set back, results in stress to the individual and his/her family amongst many others.

But there are some basic tips to get out of debt as listed below:

1. Analyze historic financial expenses

Knowing your past is the best way not to repeat the same mistakes. Pull out your account statements and list your expenses over the past few months. Next, identify consumption patterns that need to be reviewed.

2. Prepare budget

Simplicity is the key to success: expenses are deducted from income. Avoid dividing your expenses into multiple categories. The more complex it is, the more likely it will be left out.

3. Be honest and realistic

You must accept the fact that changes to the monthly budget are necessary from time to time. Distinguish essential expenses that do not change every month (rent, gas, etc.) from those that can be reduced or eliminated (unused subscriptions, dining out) and unexpected expenses.

However, a budget that is too strict often leads to abandonment. Determine a realistic monthly amount for debt repayment. It is better to take your time and be consistent than to rush everything and get discouraged.

4. Track your budget

Mobile applications can make your job easier, but regardless of the tool, periodic monitoring helps you control expenses and avoid returning to bad habits.

5. Establish an adapted game plan

Generally, it is best to pay high interest rate debt first. Whatever the balance, they cost the most. However, don’t neglect the psychological aspect of a repayment plan. If for any reason, a debt bothers you, prioritize it.

In all cases, it is suggested that you focus on one debt at a time, while making sure you make the minimum payments on the others.

6. Consider loan consolidation

Increased debt can be a source of stress. Loan consolidation makes it possible to group them together in a single loan, which greatly facilitates budgetary management.

However, it can have a negative impact on your credit score and you may be required to permanently close the financing accounts it covers. The credit associated with these accounts would therefore no longer be available to you, which is not necessarily a bad thing if you try to get out of debt.

7. Choose an appropriate limit

Once you have reached a more comfortable debt level, avoid returning to your bad habits by keeping your credit limit below your monthly income.

8. Generate a secondary source of income

If your conditions allow, temporary income support is a sacrifice that may be worth the cost. But be careful not to do this at the expense of your health.

9. Put on sale what is no longer used to repay debts

Getting rid of things is never easy. But it’s a way to get some money back and reduce debt.

10. Do not isolate yourself

There is no embarrassment in wanting to take charge of your finances. Talking about it openly can offer some relief and moral support. It is the same with your financial security advisor who could propose practical solutions to get you out.

Spending Abroad: Cash, Credit Card, Travelers Cheque – What to Choose?

Bank notes or cards? Which payment method should you use when you travel? The ideal solution would be a “mixed” of cash, credit cards and travelers cheque.

Each of these payment methods has its own advantages and disadvantages.

Cash

Although it is a useful means of payment across the world, it is recommended to limit the number of bank notes you carry.

Just a minimum that would suffice for the day can be enough. Otherwise, when you go out for the day, you only have to take what you need.

If you need to withdraw money in your destination country, is is recommended to limit the number of withdrawals to avoid unnecessary fees such as foreign transaction, withdrawal, etc.

Cash is certainly the least secure solution. This is because you will not be able to do anything in case of theft/lost or wear and tear. Even if you try to reach out police for any theft, they may not be able to help much.

Credit Cards

This is the payment method preferred by many individuals around the world because of the security, ease of use, benefits such as rewards points, air miles, lounge access, and more.

When you can pay by credit card, it’s a good option. It’s easy and safe. It’s ideal to pay as much as you can by credit. There’s nothing embarrassing about buying a pack of gum with your card. The main reason is – credit cards offer protection against fraud.

To avoid problems, it is suggested to bring two credit cards from different issuers (a Visa and a MasterCard, for example). If you’re travelling as a couple and you each have a different card, that’s fine.

Traveller’s Cheque

Yes, to the surprise of many, this payment method still exists and is recommended mainly because of its main quality: security.

Only the holder of travellers cheques can cash them and will not lose if they are lost or stolen, as travellers cheques can be replaced.

Final Conclusion

Since there are difference in fees between each of these payment methods, it is recommended to analyze each of the options taking into consideration the security factor.

No matter what means you choose, here are some basic advice:

  1. Separate your bank notes and credit cards between the people taking part in the trip. This will help as in the case of loss or theft, you will not lose everything as the other person will have some form of money.
  2. Write down the emergency numbers of your financial institutions in case of theft. Some also offer a collect telephone number for their clients outside the country.
  3. Watch out for pickpockets as they are present everywhere mostly in public places. And such places are most commonly visited by the tourists.
  4. Get a pocket that blocks RFID waves so you can put your passport and credit cards in it and avoid becoming a victim of fraud.

Also one thing to note, none of the payment option is safe. There are risks associated with each and so are the cons.

66 Quotes on WEALTH from Successful Millionaires

Being a successful millionaire and having an enviable lifestyle is the result of the way you live. And the way you live is nothing more than a response to the quality of thoughts you harbor in your mind.

That’s why if you want to be a millionaire, listen to someone who’s already done it. Or put another way, be inspired by these millionaire phrases.

Be assured that these millionaire phrases will not only inspire you, but show that what you have built in your life is a result of your way of thinking, not chance of fate.

Phrases from Millionaires on Wealth

1. Poor people have a big television. Rich people have a great bookstore: Jim Rohn

2. Never rely on a single source of income. Invest for a second one: Warren Buffett

3. It doesn’t matter how you live. It doesn’t matter what car you drive. It doesn’t matter what kind of clothes or brand you wear. The more you stress on your account, the harder it will be to focus on your goals. The cheaper you can live, the more options you’ll have: Mark Cuban

4. Never do something to simply make money. If this is your motivation, you better not do it: Richard Branson

5. Have fun. The game is much more fun when you try to do more than just make money: Tony Hsieh

6. Be grateful for what you have, and you will end up having more. If you concentrate on what you don’t have, no matter what you achieve, it will never be enough: Oprah Winfrey

7. It’s not about how much money you make, but how much you have left, how hard you work for yourself and how many generations you will have left: Robert Kiyosaki

8. Don’t tell me how much you’re worth, show me your budget and I’ll tell you how much you’re worth: Joe Biden

9. Don’t think in terms of taking big risks to get big results. Think of the least amount of risk for that great result, and be disciplined about it: Tony Robbins

10. Know what you have, and understand why you have it: Peter Lynch

11. Stop buying things you don’t need to impress people you don’t care about: Suze Orman

12. The best reward for becoming a millionaire is not the amount of money you earn. It’s the kind of person you have to become to become one: Jim Rohn

13. Financial peace of mind isn’t about buying a lot of things. It’s about learning to live on less than what you earn, so you can help others and have something to invest in. You can’t win until you do this: Dave Ramsey

14. To win big, sometimes you’ll have to take big risks: Bill Gates

15. Save a third, live with a third and give a third: Angelina Jolie

17. I think of my business and investments as extensions of my family: Barbara Corcoran

18. If we were motivated by money, we would have sold Google and we would have been on the beach: Larry Page

These initial millionaires’ phrases show that the richest people on the planet had to have very different thoughts the rest of humanity to reach the level of wealth in which they find themselves today.

In conclusion, if your goal is to become rich, you will have to change your perspective on money and how you relate to it. These quotes from successful millionaires and entrepreneurs will help you achieve this.

Mark Zuckerberg, founder of Facebook

19. My goal was never to start a business. Many people misunderstand this, as if it means that I don’t care about income or profitability. But for me, this isn’t the only thing – it’s also creating something that really impacts the world.

What do you have to say about one of the most successful investors of all time and what are his favorite millionaire quotes? Warren Buffett.

20. I will tell you how to get rich: Close the doors. Be cautious when others are greedy, and be ambitious when others are afraid.

Evan Spiegel, founder of Snapchat

21. There are very few people in this world who can create a business like this impact. I’m not interested in trading this for some short-term profit (regarding the possibility of selling Snapchat to Facebook).

Oprah Winfrey

22. The reason why I have been able to be so successful financially is because my approach has never, not for a minute, been money.

Michael Bloomberg, founder of Bloomberg

23. I think the more money you put in people’s hands, the more money they will spend. And if they don’t spend it, they will invest it; and investing the money is another way to create jobs.

Larry Page, co-founder of Google

24. If we were motivated by money, we would have sold Google and been on the beach by now.

Jeff Bezos, founder of Amazon

25. I think that simplicity leads to innovation, as do other kinds of restrictions. One of the only ways out of a safe is to invent a new way to do it.

Sergey Brin, co-founder of Google

26. You always hear the phrase money doesn’t buy happiness…but I thought in the back of my mind, that a lot of money could buy some of it, when the reality is that it doesn’t.

Jack Ma, founder of Alibaba

27. Making money today is very simple. Doing it responsibly with society and improving the world is when it becomes difficult.

Ingvar Kamprad, founder of IKEA

28. I’m a little tied up with money, and what’s wrong with that? I think about the money I’m about to spend and wonder if IKEA customers can afford it…. I could travel first class, but…

Michael Dell, founder of Dell

29. I think you have to understand the economics of a business before you have a strategy, and you have to understand the strategy before you have a structure. If you do this in a mess, you’ll most likely fail.

30. Life is too short to share with people who are not resourceful: Jeff Bezos

31. When you innovate, you have to be prepared for everyone to tell you you’re crazy: Larry Ellison

32. We make the future sustainable when we invest in the poor, not when we insist on their suffering: Bill Gates

33. When something is important enough, you do it even when the odds are not in your favor: Elon Musk

34. It is our choices that show what we really are, much more than our abilities: J. K. Rowling

35. What God intended for you goes far beyond what you can imagine: Oprah Winfrey

36. I told my son, You don’t have to be in the top three of your class. Being part of the average is fine, as long as your grades aren’t bad. Only such people have time to learn other skills: Jack Ma

37. I think a simple business rule is, if you make things easier first, then you can really make a lot of progress: Mark Zuckerberg

38. It’s simple arithmetic: Your income can only grow as much as you do: T. Harv Eker

39. Formal education will make you live; education will make you a fortune: Jim Rohn

40. The only difference between a rich person and a poor person is how they invest their time: Robert Kiyosaki

42. Before you can become a millionaire, you must learn to think like one. You must learn to motivate yourself to counteract fear with courage: Thomas J. Stanley

43. You can’t work three hours a week and earn $100,000. The mud pot mentality always defeats the microwave mentality: Dave Ramsey

44.The rich have small televisions and large libraries, and the poor have small libraries and large television sets: Zig Ziglar

45. I have come to the conclusion that wealth is a state of mind, and that anyone can acquire a state of mind of millions by having rich thoughts: Edward Young

46. All riches have their origin in mind. Wealth is in ideas, not money: Robert Collier

47. Every day is a bank account, and time is our currency. No one is rich, no one is poor, we each have 24 hours: Christopher Rice

48. Disneyland is a work of love. We didn’t create Disneyland just for the sake of making money: Walt Disney

49. What keeps you from being rich? In most cases it is simply a lack of belief. To get rich, you must believe you can do it, and you must take the actions necessary to reach your goal: Suze Orman

50. Wealth is largely the result of habit: John Jacob Astor

51. All achievements, all the riches gained, have their beginning in one idea: Napoleon Hill

52. Too many people spend the money they earn to buy things they don’t want, to impress people they don’t like: Will Rogers

53. Economic problems are not solved with money, they are solved with imagination. Anthony Robbins

54. The secret of my success was to surround myself with people who were smarter than me: Andrew Carnegie

55. Money will not make you successful. The freedom to win it yes: Nelson Mandela

56. I refuse to feel guilty. I feel guilty for too much in my life, but not for the money, I went through periods when I had nothing, so someone in my family has to become rich: Jim Carrey

57. Money cannot buy happiness, but it will certainly give you a better kind of memory: President Ronald Reagan

58. Don’t play games you don’t understand, even if you see a lot of people making money with them: Tony Hsieh

59. The road to wealth depends on only two words, industry and frugality: Benjamin Franklin

60. Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are: James W. Frick

61. Wealth is not about having a lot of money; it’s about having a lot of options: Chris Rock

62. If your only goal is to get rich, you will never make it: John D. Rockefeller

63. A budget tells your money where to go, rather than asking where it went: John C. Maxwell

64. Compound interest is the eighth wonder of the world. He who understands it, wins it; he who does not, pays for it: Albert Einstein

65. Lack of money is never a problem. Lack of money is simply a symptom of what is happening inside you: T. Harv Eker

66. All wealth comes from adding value, from producing more, better, cheaper, faster and easier than anyone else: Brian Tracy

If you want to achieve financial independence, you’ll have to read these millionaires’ phrases several times and live by their principles.

Wealth is something that takes time, so invest in yourself, your knowledge, resources and motivation.

And there’s no better way to motivate yourself to achieve your financial goals than by being inspired by those successful millionaires.

45 Learnings on Wealth Creation from the book “The Secrets of the Millionaire Mind”

The book “The Secrets of the Millionaire Mind” is a must read if your goal is to learn how to be a millionaire.

Why you should read this amazing book?

Financial independence is the result of your knowledge of investing your money and managing your personal finances.

And this book aims to train you on how to deal with money, and how to develep mentality to attract abundance to your life.

After reading this book, we have summarized 45 most important teachings which can be applied in your life. These findings are listed below.

Understanding the importance of money, what to do with your income, and how to invest your money, the teachings of the book “The Secrets of the Millionaire Mind” brings together everything you need to change your lifestyle and create wealth.

So here are the learnings and phrases from “The Secrets of the Millionaire Mind” –

1. Don’t complain, blame, or justify yourself

You are responsible for what happens in your life.

So, every time you’re complaining about something that happened, blaming someone for your reality, or justifying the life you’re leading, realize that you’re accepting that you’re capable of controlling your life, and that you’re just someone who lets yourself go where others want you to go.

2. Write down every day something that went right and something that went wrong.

Ask yourself, what did you do to make this situation happen, and how responsible are you for it? This small exercise, done daily, will keep you aware that you are the one who controls what happens in your life, not others, not the moment, not the situation. It’s only you.

3. Do you have financial objectives?

Encourage yourself to write down 5 goals related to your financial future that reflect your desire and conviction to achieve wealth, not comfort or financial stability. Go further and focus on abundance.

While these goals must be realistic and time-bound, you must look beyond something easy to achieve.

4. For once forget about the menu prices

Visit a restaurant, café or place that is exclusive and ask for what you want, not what your wallet is capable of. You must have a mentality of wealth creation. Otherwise you will stay in the place where you are today.

5. Wealth must be important to you.

Concretely write why wealth is important to you, and why you want to achieve it.

6. Commit to being rich

Declare that you want to be rich and commit yourself to doing it by writing:

I, _________, commit to reaching wealth and being a millionaire before ___________.

Sign it and stick it on your wall, or give it to a friend or family member who reminds you of it. After doing this, analyze how you feel…afraid? free? or just no feeling?

By not doing committing, you may not work towards achieving your financial objective, and stay where you are today.

7. Identify your talents

We are all born with talents that set us apart and allow us to stand out from the crowd. So what is yours?

Write them down and think about how you can use them more in your life, in what area and place.

8. Impact more people

Surely your job involves solving a problem, generating alternatives, or presenting opportunities. Someway or the other you influence someone else with what you do.

With this in mind, think about how you can solve this problem for 10, 20, 30 more people, think about different strategies and alternatives.

In the case of entrepreneurship, you might consider these ideas for earning money online and reaching millions of people.

9. Execute, execute and execute.

The time has come to execute that project, business idea, or situation that you have wanted to give life to for so long.

Whatever reason or excuses you’ve had in the past, whatever circumstance you find yourself in, or whatever you’re imagining…START RIGHT NOW. Execute it, with your best capabilities and make it a reality.

10. Be an optimist

Everything that happens in your life can be an opportunity and not an obstacle. It is a question of how you look at it – Seeing the glass half full or half empty. But abundance does not admit half empty glasses and pessimistic mentalities.

11. Focus on what you have

Focus on everything you have, not what you lack. Write down 15 things you have and are grateful for. And every morning you wake up, read them, and understand that if you don’t appreciate what you have, you will never have anything more.

12. Admire what you want

Instead of criticizing and judging those who have money, beautiful houses, luxury cars and other possessions, admire them and bless them.

In other words, admire those people who are successful and have full of wealth. There is a simple reason to do so: you will not get what you criticize, you will achieve everything you admire and seek.

13. Write a letter to someone you admire

Take the time to write a letter to someone you admire. You don’t have to know them, just write them why you admire them and how you appreciate their achievements.

14. Get inspired by a book

There are books about people who were extremely successful and who can inspire you.

Biographies like Steve Jobs’ and other characters can teach you the strategies and, above all, the perspective of wealth that led them to the level of success they have achieved.

15. Join a club

Surround yourself with successful people. That’s the intention to join a tennis club, a business club, a golf club, a coffee club, anything.

If you can’t afford their memberships, visit an exclusive place in your city, ask for something, and analyze how these people behave. You’ll understand that they’re no different than you.

16. Out with the negative

That negative person next to you should be away from you. All he is doing is diverting you from your objective and desire for wealth; if he is a relative of yours, however difficult it may be, you should ignore his company.

The same thing happens with that place or situation that only brings you negative thoughts and ideas. Get away from this.

17. Break up with your TV

The relationship you’re having with the TV is not healthy. And you should know that, the amount of hours you spend on it every day is taking you away from your goals.

18. Evaluate your products

What score does the product or service you are selling or about to sell deserve?

If you think it has a low rating, you should stop offering it immediately. There is no reason to sell something you don’t believe in.

19. Sales Expert

Sales person searches for books, hears from experts, attends sales courses and talks in order to learn how to sell.

There is no wealth without the ability to sell and market. You must learn to sell your skills, abilities, experiences and techniques. You must learn to sell yourself.

20. The size of your problems depends on your mind

The situations you face in your life are neither big nor small, they are not impossible or simple…they are simply situations analyzed from a certain point of view.

If you are pessimistic, all your problems will be immense and impossible to solve. If you do not consider that you are ready to face it, every situation will be difficult.

Change your perspective and be assured that you are bigger than any problem.

21. Solve a problem

Think about that difficult moment you are going through. Now write it down on paper along with 10 concrete and immediate actions that you will implement to solve it.

This little exercise will make you focus on the solution and not the problem, and will certainly help you to put an end to it.

22. Learn to receive

From now on, every time you receive a compliment, simply say thank you. Learn to practice the attitudes and behaviors you receive.

Many times when they tell you something positive, you usually respond by saying another compliment to the person who told you. While this is not bad, you must learn to receive and feel the pleasure of reward.

And when someone deserves a compliment, give it to them, and don’t expect anything in return.

The book “The Secrets of the Millionaire Mind” teaches you to value yourself, and reminds you to celebrate your goals.

23. Celebrate your money

No matter what money you earn or receive whether you find on the floor, the lottery, your salary, your taxes, a bonus… whatever it is, celebrate it and thank the universe for receiving it.

All the thoughts you harbor in your mind are reflected in reality. So every time you celebrate the money you receive, the universe will take care to put more of it in your pocket.

In fact, you could use some of these success phrases to remind yourself of the importance of thanking you for the money you have.

24. Pamper yourself

Once a month you should do something satisfying. Something like going for a walk, renting a boat, eating in a class restaurant, getting a massage, resting in a hotel for a night, being taken care of all day in bed.

The goal of this day is to make you feel like a millionaire, rich and deserving. These kinds of experiences reflect your abundance.

25. Charge for your results, not your time

If you are currently earning a fortnightly or monthly salary for going to work for certain hours, propose to your boss or company to allow you to receive part of your salary based on your results or productivity.

If you have a business, generate a strategy where your employees, partners and suppliers win based on the sales results.

Additionally, make sure your salary is not your only source of income. Try these extra income opportunities.

26. Change jobs

If you are employed and feel that you are not being well paid, or that your pay is not fair to your results, consider starting your business.

You have many ways to start, some possibilities are: part-time, advising other companies, doing consulting. Consider each of them based on a system of changing by result, and not just by time.

27. Have a mentality of abundance

Why can’t you have the two things they’re offering you? Many times they make proposals where you have to choose one of the options; try to think and analyze what you have to do to get both.

28. Money in circulation

Money works on money created within a society. It comes to you, and then it goes to other people.

So every time you spend or decide to invest your money, remember that it is generating value for the person who is receiving it, and that you are part of that process.

29. Become a role model

Practice and lead a lifestyle in which you are aware that you are a role model for others. Behave in a way that inspires others to change, being kind, humble, generous and above all rich.

30. Wealth factors

Focus on each of the elements that make up your wealth:

  • Earn extra money by increasing your income
  • Learn how to save your money
  • Increase your return on investment
  • Simplify your lifestyle by reducing unnecessary expenses

31. Calculate your wealth

Do you know how much your net worth is yet? If you want to find out, you have to add up everything you have, everything.

This is known as assets which consists of your house, apartment, car, computer, clothes…all your belongings.

Then subtract everything you owe, which is known as liability. Commit to reviewing this value every three months and decide which one you want to focus on: your assets, or your liabilities?

32. Invest in your retirement

In the book “The Secrets of the Millionaire Mind”, the author suggests that you open a bank account where you will deposit 10% of your salary and the rest of your income each month.

You must promise never to spend this money, you are only going to invest it with an objective of getting returns and income for your retirement.

33. Start a piggy bank

From today onwards take a jar from your kitchen and start depositing as much money as you can along the way.

No matter how much you save, whether it’s $1 or $10 a day, the important thing is that you understand the importance of saving and its long-term benefits. Surely this dollar in a year’s time will be hundreds.

34. Create multiple bank accounts

You have two options, open an account or start a new piggy bank. Whatever you choose, deposit 10% of your income there and you will use this money to have fun and play; spend this money on what you like.

If possible, you must try to have atleast 3 accounts:

  1. Long-term account: You will deposit 15% of your income there for long-term expenses.
  2. Basic needs account: The remaining 75% of your income will be used to live on and meet your most important needs
  3. Training account: 10% for all the courses, diplomas and classes you wish to attend.

35. Properly manage your money

Whether you’re earning a minimum wage or earning thousands of dollars a month, you should start managing it today.

One of the key teachings of the book “The Secrets of the Millionaire Mind” is to take care of your money by putting it to good use.

It is very important that you begin to divide your income into the respective accounts, even if it is 10 cents that you have to put into each of your accounts.

36. Inform yourself and prepare yourself

There are many ways to learn and prepare for wealth. You can attend seminars, courses, read books, subscribe to investment magazines. This does not mean that you should follow the recommendations. It is about surrounding yourself with this knowledge, understand the concepts and have some idea of where the economy is going.

The important thing is that you learn to invest.

37. Passive income

In the book, it is made very clear that you need to generate both types of income: the assets that are the product of your work and presence; and the liabilities that do not need your presence or work.

There are many ways to generate the latter, such as by investing in a stock exchange or a business.

38. Buy real estate

T. Harv Eker couldn’t have said it better in his book “The Secrets of the Millionaire Mind”:

“Don’t wait to buy real estate. Instead buy real estate and then wait.” Got it?

39. Concerns about money

Identify and write on paper what your main fears, concerns, or reservations are about money and wealth.

The best thing you can do is to ask yourself what would happen if each of these situations came true, and then to think about whether you would survive them.

Most likely you will. So stop worrying and get rich.

40. Get out of your comfort zone

Make decisions that you know will be uncomfortable for you. There is no other way to learn how to get out of the comfort zone in which you have decided to live.

Some of the situations you might experience are: talking to strangers, asking your boss for that promotion or salary increase, getting up earlier, changing your route…

41. Challenge your “can’t”.

Among the teachings you will find in the book is to practice controlling your mind and thoughts.

You must analyze each of the thoughts you harbor and determine how they affect your reality. This is known as mental discipline.

Whenever you are dominated by your “I can’t”, “I don’t want to”, “I am afraid”, remember that most of your decisions are being made on the basis of your fears and not on the basis of your desires.

Stay away from security and aspire to freedom. The best way to achieve this is that every time you feel afraid, do the same, and you will understand that your success is not limited to your fears.

42. Focus on your growth

Make a commitment to read a book every month, attend a personal finance course, an investment seminar…

Remember that you are the best asset you can invest in.

43. Make a commitment to someone

Talk to someone else about your financial goals and objectives. Commit yourself to that person close to you and ask them to evaluate you constantly.

While you need to have a commitment to yourself, it is important that someone else is aware of your process and desires. This will help you to achieve this in a faster and easier way.

44. Don’t settle for your current situation

Everyday is an opportunity to get closer to your financial goals. It’s not just about reading this book. It’s about building a lifestyle where every day you seek to improve from the day before.

The wealth, the money, and everything you have is the product of the thoughts you harbor in your mind, the conversation you have with yourself every day.

So when you learn to master your mind, you will have learned to build your wealth. This is what “The Secrets of the Millionaire Mind” is all about.

45. Read the book “The Secrets of the Millionaire Mind”

This book has changed millions of minds, and in it you will expand all your practical knowledge of this guide.

Rest assured that your life will change once you decide to read the book and implement few of the teachings. And you will understand that the mind is your main resource for building your wealth.

9 Ways to Earn Money While Studying in a College

There is no doubt that the time during the university days is the best of all. And it can be hardly argued, isn’t it? It is the time when you grow as a person professionally, build networks, decide your career path and many more. But it is also the time when you live on a strict budget and are always on a lookout for ways to make money.

However lack of time for studies and little work experience make finding a job a real challenge. And if you find work, it will always be part-time. So you’ll have to work work hard to make ends meet.

However, there are many ways for you to earn money while studying in college and without affecting your grades.

And here’s how:

1. Find out more about the scholarships and apply

Colleges usually have a scholarship program to help their students. All you need is good grades to be able to apply for one.

However, there are other institutions or websites that offer university scholarships, so it is a matter of researching all the different possibilities available.

2. Become a tutor

Do you excel in any subject? E.g. programming, designing, playing musical instrument, etc. If your answer is yes, then you should start taking advantage of that to make extra income while in college. Contact one of your professors to see if there is a chance that the university will pay you for a course.

Also, you can put up posters (i.e. advertisement) around the university where you offer your services as a tutor on a certain subject. Be flexible and give them the option of both personalized as well as group tutoring.

And definitely you will find students needing a trainer.

3. Take notes for someone else

In every university there are students with disabilities who need extra help to study. Nowadays it is very common to see the university assign another student to take notes, perform tasks on the computer, print them out or send them by e-mail. It’s an hourly task and you get paid too.

4. Correcting student work

This job is ideal for those who have impeccable writing and spelling skills. This not only allows you to earn money, but also continue learning.

In addition to reviewing their written work, you can offer to make presentations. Post ads on your social networks, and distribute small posters at the university, you’ll see that many students will contact you to get their job done!

5. Apply at the university’s employment program

Universities always have employment programs for their students. One of the biggest advantage of such program is that you can change your schedules according to your classes without any problems.

It is common to find employments such as secretary, librarian, cafeteria assistant, or receptionist.

6. Sell your study material

If at the end of each semester your books are in good condition, then you can sell them to other students or at used book stores.

It is normal for anyone to buy books which would be never used again. So what’s the point in keeping them?

7. Sell food

Everyone in this world has craving for some special food. And when you are young then definitely you will have more cravings. This can be a good money making opportunity. What you need to do is researching on what food is not sold in the cafeteria and then offer it to your classmates. For e.g. cakes are loved by most of us and if your cafeteria don’t sell cakes or dessert, it’s your chance to make it available and earn money doing this.

In addition, you can offer breakfast services on request, you only have to make ads with good pictures and spread the news.

8. Look for a job as a waiter

Working as a waiter is a good way to generate extra income, as you earn money through tips in addition to your salary. In fact, the amount of money you make in tips is always more than the salary you get.

You can make money as waiter, a food delivery boy, a bartender and others.

9. Share your car

If you have a car, you can make the most of it. There are students who live far away or who need to go to a certain place but do not want to take public transport or pay a lot for a taxi.

Offer your services like transportation for lower fares. But remember to charge a reasonable money as students don’t have much money.

Being a college student and making money at the same time is difficult, but it depends on your attitude and flexibility to make this change. In addition to the above mentioned options, there are many other ways to earn money while studying. But the above listed ones are most common and tested by students worldwide especially in the United States and United Kingdom.

So it’s time to get creative and start making money while studying.

9 Tips for Better Debt Management/Recovery – Planning & Saving

If you feel that no matter how hard you try, you can’t fill the debt gap, and on the contrary, it gets bigger or you plan to buy new credit, then read this article to avoid making your situation worse.

First do the analysis of how your debts are going…. and not wait until the end of the year when you are already immersed in a series of obligations and end up being another purpose again for the year that begins.

For the honest man, debt is a bitter slavery. And historically, debts have been stigmatized as a bad habit, which instead of helping in life become a growing burden.

But if you know how to manage your obligations, they can be the best ally to achieve your goals. Debt allows you to get goods and services that have a high value. And knowing how to manage these obligations will guarantee you to enjoy everything you have achieved, or else you may losing everything.

So here are some guidelines for debt recovery

1. Review your debts

Typically, mortgage debt, personal loans, and vehicle debt make up the majority of your total financial obligations. Analyze how you have these obligations distributed and begin to organize your payments to phase them out.

2. Start paying off higher-interest debt first

Some debts are difficult to pay because they grow uncontrollably over time. Analyzing and paying these obligations early will ensure that you avoid paying even two or three times for the product or service purchased. If you have several debts with similar interest rates, pay first the one with the lowest balance, this will allow you to feel free and will motivate you to continue paying the rest of your commitments.

3. Make a payment plan

Depending on your ability to pay, start paying off high interest debts so that you can lower your amount in the future. If, on the other hand, these obligations are too high, start paying off the debts of small installments, so that you can get more cash flow and you can start making your payments of highest installments.

4. Reduce time and no fees

When you are called by a bank or financial institution proposing to reduce the fees you have been paying, what they are doing is increasing the term of that obligation, and thereby increasing the interest you were scheduled to pay. What you should do is shorten the term of the debt so that you end up paying less interest on it.

5. Reduce your monthly expenses

Lack of cash flow is often a barrier to debt reduction. But have you really thought that these “unnecessary” or “whimsical” expenses could become the fee you can overpay? Simply review what expenses are not needed on a day-to-day basis and at the end of the month you will have a percentage of cash that you can use to reduce some of your major debts.

6. Make progressive savings

Most people know that saving is very important, but why don’t they do it? The main reason is that they do not have a simple and effective method. If you start by saving $2,000 and daily increase that savings by $500, you will have $1,005,000 after 60 days. Do not use this money for buying something expensive but to pay off a debt, or why not generate a new source of income. This is a very simple method recommended by financial experts.

7. Eat healthy, stay healthy

It is proven that eating fruits, vegetables, fish meat, mineral water, is healthier and improves our body; it is also more economical. In contrast, all processed, pre-cooked foods contain components that are detrimental to your health. The no. 1 cause of illness is poor nutrition, so this point not only generates savings in the present but also avoids high health costs in the future.

8. Eating at home is healthier, more enjoyable, and financially smart

Eating in a restaurant is practical and very simple, and avoids the need to clean the kitchen and other requirements. But actually eating out can be 3 to 5 times more expensive than eating at home. Preparing food at home helps not only your health but also your financial balance.

9. Provisioning is better than borrowing

There are expenses that are not incurred every month, but every six months or every year. Taxes are one such issue. So it is best to set aside an amount of money each month for this and when the time comes you will not need to resort to a loan or financing for this payment.

All purpose requires effort and sacrifice, if you learn to manage your debts and financial obligations you can achieve great things in a shorter time than you might have imagined. There is still time to correct bad practices or improve your financial habits.