The 10 Pillars of Wealth by Alex Becker is a book about the mind-sets of the world's richest people. In this Book Becker discusses what many millionaires have in common, based on his experience and the experience of other millionaires he knows. In a similar manner to last week's review, Think and Grow Rich, many of these pillars deal with refocusing the mindset of those who want to acquire large sums of money. He has a crass approach in his book, however he makes many great points which are very similar to points made in Think And Grow Rich. We will highlight a few of the similar points, specifically in regards to the Freedom which money provides, and how important Time and People are to the entire equation.
Money can buy just about anything, but the most inportant thing it can buy is freedom from financial stress.
âThink and Grow Rich (1937 original Masterpiece Edition) by Napoleon Hill is a book about turning your desires into success, and thus its money equivalent. By researching and speaking with 100s of successful leaders and businessman, Hill collected one of the greatest philosophies on how to turn those desires into money. Now these principles, and this book as a whole, are not just about making money. Likely, there is nothing new in this book which you have not heard of before. However, there are also likely not many books or people who have put together such principles together, in an easy to read and understand format. As Dr. Miller Reese Hutchison, longtime associate of Thomas Edison, states in the foreword, this book should be adopted by all high schools as required reading before graduation. There were so many excellent quotes and nuggets of information, and each chapter provides a good amount of information which you will need to allow to soak in. As Dr. Hutchison also mentions, this is more of a Textbook than a novel, and one of which I will continue to read for years to come.
Think and Grow Rich
Previously, in Uber Lyft - The Alternative Commute, we discussed the total cost of ownership for having and using your own car to commute to/from work. For most of us driving 25 or more minutes a day is the norm, unless you live in an area like NYC or D.C. where public transportation is convenient. Then your commute may be even longer, but cheaper on a daily basis. Growing up in Atlanta, I personally used public transportation for years traveling back and forth to school. And let me tell you, waking up at 6am in late December/January in order to get to school by 8:30am, was not the highlight of my Middle/High School years. Even worse were the limitations if you are out late at night, and have to make sure you make it in time to your train station to catch the last bus of the night…not fun being “stranded”.
Then of course you could catch a Taxi, or drive yourself. But where’s the fun in that?!?!!? Now, getting back to your daily commute, how much could you save by Ride Sharing on a regular basis? Not just from post work events, and weekend fun, but everyday! For comparison, as mentioned in Part 1, the Total Cost of Ownership for a used and new car ranged from $6,500 to $8,350 per year to commute a total of 50 miles per day.
Cost of an Uber Ride
You have to start teaching your kids what it means to own their own business at an early age. While I don't have kids myself, I think the earlier the better. They may not understand all the nuances of what they're learning, but never underestimate them. Sometimes you just have to break it down.
Akeem The Dream
I enjoy discussing and learning about technology, stocks, sports, and beating my wife at Dominoes! As I learn, I love to share with family and friends so that we can share our knowledge. Thanks for being apart of the journey!