Tag: 5 takeaways
5 Takeaways from “The Intelligent Investor”
Benjamin Graham, the author of “The Intelligent Investor”, is heralded as one of the greatest inventors to ever live. After reading this monster of a book, I can see why. Mr. Graham does a great job of explaining a mindset for the potential investor to mold into. This book is not so much about technical…
5 Takeaways from “The Millionaire Fastlane”
“The Millionaire Fastlane” by MJ DeMarco is the book that we should have read in 5th grade. Although the concepts are deep and intricate, I would rather know them sooner rather than later. The basic concept of “The Millionaire Fastlane” is how to create wealth through a business. However, during the book, the author makes…
5 Takeaways from “Be Obsessed or Be Average”
“Be Obsessed or Be Average”, by Grant Cardone, is a journey through the life of a self-made multimillionaire. Being obsessed with becoming the best salesperson helped Grant build a huge business empire. I have been in the Marine Corps for close to 22 years now. My goal from the start was to be the best…
5 Takeaways from “Making Money from Mobile Homes”
The best way to describe “Making Money with Mobile Homes” by Lonnie Scruggs is that it is “Rich Dad Poor Dad” for mobile homes. Since “Rich Dad Poor Dad” is one of my favorite books, that makes this book one of my favorite books. The most important idea that I learned from “The Cash Flow…
5 Takeaways from “10 Other Real Estate Investments You Could Make”
“10 Other Real Estate Investments You Could Do” by Michael Lantrip is a comprehensive account of possible ways to make money in real estate. These ways are outside of the normal methods of buying real estate, whether that is single-family homes, apartments, or commercial. I would have never guessed that real estate had so many…
5 Takeaways from “Build a Rental Property Empire”
“Build a Rental Property Empire” by Mark Ferguson is interesting for the fact that he builds his rental property empire by purchasing residential single-family homes. It is interesting because this is in direct contrast to another book that I read called “Zero Down” by Monica Main (https://militaryfamilyinvesting.com/2020/10/13/5-takeaways-from-zero-down/). In her book, she recommends investors buy commercial…
5 Takeaways from “Who Stole My Pension”
“Who Stole My Pension”, by Robert Kiyosaki and Edward Siedle, is a dire look into the death of defined benefit pension plans. Defined benefit pension plans were very popular in the industrial age. The basic idea is that you would work for 2-30 years for a company or government entity. You would be paying into…
5 Takeaways from “The 4-Hour Work Week”
“The 4-Hour Work Week” by Timothy Ferriss is a journey into dreamland. Often I dream about what the author talks about in the book. My dreams: to be somewhere, anywhere, and be with my family. Whether it is a beach in Florida or a beach in Turkey, I want to be having a great time…
5 Takeaways from “Think and Grow Rich”
When I first started reading “Think and Grow Rich” by Napoleon Hill, I thought some of the phrasings seemed a little odd. Then some of the references and stories seemed a little out-dated. So I finally decided to research when the book was first released and was shocked to see it was published in 1937.…
5 Takeaways from “It’s Rising Time”
“It’s Rising Time” by Kim Kiyosaki is a book especially geared towards women, but I decided to read it anyway. The reason that I choose to read it is that she is the wife of Robert Kiyosaki of “Rich Dad Poor Dad” fame. I wanted to see how the couple became so powerful, but this…
5 Takeaways from “The Billionaires Secret”
“The Billionaires Secret” by Herbert Tabin is a great financial investment tool. The premise of the book is to explain exactly what preferred securities (or preferred shares) are. I came into this book with no prior knowledge of what a preferred share was and how it differed from a common share. I left this book…
5 Takeaways from “Zero Down”
“Zero Down” by Monica Main is a book about buying residential-commercial real estate, anyway that you can. I know that I have always wondered how people got into buying apartment buildings and commercial real estate. It seems like an impossible task. However, after reading this book, I truly feel as though there is a clear…
5 Takeaways from “Superfans”
“Superfans” by Pat Flynn is a book dedicated to growing your fanbase. Not only is it about building your fanbase, but also about building Superfans. A Superfan is someone who will do almost anything for you, mainly because they love you and your work. I personally am a Superfan of Pokemon. I will buy anything…
5 Takeaways from “Retire Young Retire Rich”
“Retire Young Retire Rich” is a blueprint on how to mentally prepare for your journey to becoming rich. It is not so much an in-depth step by step guide on how to become rich, as much as it is a mental exercise on how to expand your way of thinking. If you do not expand…
5 Takeaways from “Why “A” Students Work for “C” Students”
The book “Why “A” Students Work for “C” Students and “B” Students Work for the Government” is the best book I have ever read. It was written by Robert Kiyosaki, of “Rich Dad Poor Dad” fame. This book is hardcore in its approach. If you are not serious in your drive to become rich, this…
5 Takeaways from “The ABC’s of Real Estate Investing”
“The ABC’s of Real Estate Investing” by Ken McElroy is more of a bible than a book. It is the authority on how to start out in the rental real estate market. I am going to reference this book many times in the future. I think that it also has value for the smaller level…
5 Takeaways from “Rich Dad’s Guide to Investing”
“Rich Dad’s Guide to Investing” is the third book in Robert Kiyosaki’s Rich Dad Series, after “Rich Dad Poor Dad” and “Rich Dad’s Cashflow Quadrant”. More than the books before it, this book completely blew my mind. His concepts on business, income, cash flow, and becoming rich are over the top, in a good way.…
5 Takeaways from “Rich Dad’s CASHFLOW Quadrant”
“Rich Dad’s Cashflow Quadrant” is one of the follow-ups to the outstanding “Rich Dad Poor Dad”. Both books are written by Robert Kiyosaki. This book does an amazing job of specifying the differences between each of the CashFlow Quadrants. The 4 parts of the quadrant are E – Employees, S – Self Employed, B –…
5 Takeaways from “Rich Dad Poor Dad”
“Rich Dad Poor Dad” by Robert Kiyosaki is one of the best-selling books of all time. And for good reason. This book is a complete page-turner. If you want to know how to create a million-dollar mindset, this is the book to read. With that, here are my 5 takeaways. 1) “Proper physical exercise increases…
5 Takeaways from “I Will Teach you to Be Rich”
“I Will Teach you to Be Rich” by Ramit Sethi. This was an amazing book. It will help almost anyone understand how to visualize their money plan and tendencies. It also gives step-by-step tips to begin a journey to financial independence. Here are my top 5 takeaways. 1) Most people do not have the mindset…
