Military Family Investing

5 Takeaways from “How to Be a Capitalist Without Any Capital”

—

by

kingmarine
in

“How to Be a Capitalist Without Any Capital” by Nathan Latka is a book purely for entrepreneurs. If you are a standard 9-5 employee, the concepts in this book may overwhelm you.

However, this book is definitely for you if you have been reading entrepreneurial books and perhaps started a business. In fact, it’s one of the best books I have ever read.

I love this book because it moves along fast and has massive concepts. Buying companies, selling companies for huge payouts, and buying equity from other companies are all part of the book.

Mr. Latka shows us how simple becoming an entrepreneur and a business person truly is—all you have to do is ask. Negotiate when you don’t need to buy or sell anything. 

1) Multiplying your income streams involves taking ideas from one income stream and combining them with others. Think of it like the McDonald’s combo meal. 

2) Selling your company is all about momentum and timing. If you can get three years’ worth of cash upfront from your business, sell it. Use the money to invest and create leverage towards another company.

3) The best time to start a business is when you are young and unattached. This way, you don’t have to consider other variables in the equation.

4) Copy your competitors. Most business ideas come from someone else. Figure out why they are successful, how you can improve their products, and synergize the new products with your existing resources. 

5) Negotiate with everything possible. This can be rental properties, the software you use, and buying other people’s businesses. All you have to do is ask.

Entrepreneurship is not for everyone. It’s probably not for over 90% of the people in America. But if you can speak the language, move at the speed of light, and understand leverage, it may be a game you can play.

I love the speed and intensity of this book. It makes you feel like you are talking directly to an entrepreneur. It resembles an expanded retelling of “Rich Dad Poor Dad.”

If you are a salaried worker (like me), it will behoove you to start a business—even if it is small. I have learned so much about business and entrepreneurship by starting a blog and releasing books.

This book is one of my 15 top books to read. Truly a masterpiece and can increase your business confidence tenfold. 

This link is to a physical product. The link above is to the digital book. Sorry. I get no credit for digital product links.

  1. PDF of the Month: Don’t Gamble with Retirement 7 (Free 424-Page PDF)
  2. Free PDF Downloads: Download FREE PDF LIST here
  3. Financial Mindset: Become CEO of Yourself 2 (Free 196-Page PDF)
  4. Retirement Planning: Your Retirement Planning Guide 2 (Free 255-Page PDF)
  5. Investing: How We Plan to Retire on Dividends 2 (165-Page Free PDF)
  6. Cryptocurrencies: Counting on Crypto 2 (Free 159-Page PDF)
  7. Real Estate: Financial Independence through Real Estate 2 (Free 123-Page PDF)
  8. Business: Retire Rich, Retire Comfortable with a Business 2 (Free 185-Page PDF)
  9. Latest DGWR: Don’t Gamble with Retirement 6 (Free 409-Page PDF)
  10. Everything!: The Biggest Book on Passive Income Ever 2! (book)(Web Edition)(Art Edition)
  11. I bought a Kindle Oasis: Check it out on Amazon
  12. Read My Books for Free: Free Kindle Books Schedule
  13. Crypto Exchange: My Favorite Crypto Exchange VOYAGER (Join Voyager)
  14. Kindle Unlimited: Why I Finally Subscribed Kindle Unlimited (learn more)
  15. Book Reviews: 505 Takeaways from 101 Books (pdf)
  16. Writing: The Publishing Chronicles (Part 1, Part 2, Part 3, Part 4, Part 5)
  17. Best REIT- Fundrise: REITs vs. Homeownership (Join Fundrise)
  18. Follow us: On our Facebook Page and Join our Facebook Group
  19. Support the Channel on Cash App: $Kingmarine1981
  20. For more detailed analysis, join my Youtube: MFI YouTube Channel

Monthly Dividend Tracker Template: Buy on Etsy

Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.  I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing

Comments

Leave a Reply