The Alchemist
The Richest Man in Babylon
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Sapiens
Mindset
What if I told you an Americal Psychologist named Carol Dweck has boiled down success to a simple 3 letter word formula?
Those who know how to use this simple 3 letter word succeed in everything they touch, while others are still stuck.
Before I share with you what exactly this strange 3 letter word is let me share an interesting story…
Who are the people that come to your mind when I ask you to think of successful & intelligent people?
Thomas Edison? Albert Einstein? Bill Gates? Picasso?
Thomas Edison – was kicked out of school for being “mentally deficient”.
Albert Einstein – He failed polytechnic school in Zurich
Bill Gates – would sleep in class and never graduated college.
Picasso – Struggled and was an “average” painter in his early days.
Ironically most of us had a much better start in our lives yet these men got to outperform us.
The author of this book Carol Dweck says that there are two kinds of people.
One with a growth mindset & the other with a fixed mindset.
The ones with a growth mindset believe that with effort, perseverance & drive you can develop any quality.
Just like those people we saw in the above example.
They also use this magical 3 letter word – YET.
“I’ve not mastered this skill yet”
“I’ve not learned this fully yet”
“I’ve not fully developed my learning abilities yet”
“I’ve not discovered the element that should be in the light bulb yet”
On the contrary, the people with a fixed mindset believe that your skills & abilities are set in stone and fixed.
“Maybe school is not for me”
“I suck at making money”
“I always choose the wrong partner”
“I’m an introvert & bad at talking to people”
Just imagine what would have happened to the world if Thomas Edison actually taught
“Maybe I should stop fooling myself with this science thing and try to play football instead…”
The whole world would be dark and maybe you wouldn’t be reading this email right now.
So take notes from these great people…
As long as you believe that your success depends on your perseverance, drive & effort nothing can stop you no matter how bad you are right now.
You just haven’t gotten there YET…
Book Name: Mindset
Author Name: Carlos Dweck
Who is this for This book is for anyone who feels they are not good enough in their line of work or for someone who wants to try something new but is afraid that they may embarrass themselves as they are bad at it.
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Read Summary
The Richest Man in Babylon
The ancient city of Babylon was the wealthiest city that has ever been on earth.
In that city was a wise man named Arkad – who was the wealthiest of all.
He scribed 7 cures of a lean purse.
If any citizen does nothing but follows these 7 steps their purse will start fattening.
The prescription Arkad gave for a thin purse applies even today.
Anybody who applies these 7 steps can get themselves a fat purse almost guaranteed.
Here are the 7 cures by Arkad:
- Start the purse to fattening – Set aside at least 10% of your income every single month. Learn to live with just 90% of your income.
- Control thy expenditures – Budget wisely, spend less & only buy necessities.
- Make the gold multiply like the richest man in Babylon – Invest your savings in places where it makes your wealth grow & compound.
- Guard the treasures from loss – Don’t fall for any “get-rich-quick” schemes. Invest your money wisely in places you for sure will give you good returns.
- Make the dwelling a profitable investment – Buying is better than renting, Arkad suggests you need to own your own home to increase your wealth creation process.
- Insure a Future Income – You won’t be young & working forever. Arkad recommends planning your retirement in advance. You should be contributing to a retirement fund in place.
- Increase The Ability to Learn – The more skills & wisdom you have, the more you can learn. Simple. So make sure you constantly develop your skills to make more money.
So those are the 7 steps suggested by The Richest Man in Babylon to fatten your purse.
Use it wisely.
Book Name: The Richest Man in Babylon
Author Name: George S. Clason
Who is This Book For: For those who are keen on getting their finances in place.
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The Compound Effect
The Richest Man in Babylon
We hope you’re enjoying Essential Addons for Elementor! Could you please do us a BIG favor and give it a 5-star rating on WordPress to help us spread the word and boost our motivation?We hope you’re enjoying Essential Addons for Elementor! Could you please do us a BIG favor and give it a 5-star rating on WordPress to help us spread the word and boost our motivation?We hope you’re enjoying Essential Addons for Elementor! Could you please do us a BIG favor and give it a 5-star rating on WordPress to help us spread the word and boost our motivation?