My dear dudes,
As promised, I will start to release reports on my online income. I won’t necessarily release one every month, as I will only release one if I make least $500 that month. As for December 2016, I’ve hit $1000, so it is actually ideal to start my reports on online income. I am projecting to do $20k on online income alone, during 2017. I think that online income may become a cornerstone of my Early Retirement!
My dear dudes,
After my reflection on 2016, it is time to clearly and realistically define my goals for 2017.
I am working towards 2017 being one of the most productive years of my life. I want to work mostly on 4 different angles: my finances, my self-development, my health, and of course, my blog. So, without further due, where we go…
My dear dudes,
Many thanks for sticking around during 2016, subscribing the blog, sending me supporting messages and opportunities to do business together. I am very happy that I revitalized this blog and put our community together. I’ve received a lot from you guys, and 2017 will be an explosive year. First, I hope that our recently created Facebook page continues to grow, as I think it is a great way to deliver news first-hand. Second, I will add a lot of summaries and reviews on the Books page (probably in chunks of 2/3). Third, I will finally publish my own book and exclusive articles on how to do some extra income, online. This post aims to do a reflection of 2016.
I started Fromcentstoretirement.com in March 2016 and this has been a truly amazing journey. I engaged with awesome thinking-alike people, was provided with multiple opportunities and the blog has helped me tremendously in keeping disciplined with my finances, looking for new income opportunities and keep updated regarding the world markets.
This page will teach you the most important stuff I’ve learned after blogging as a pro (despite I haven’t made that much money with the blog…) for 9 months. This is BS-free, direct information you can apply right away. Here we go:
I personally think that the best way to create a business today is by providing high value to people. Give them what they want. Yet, many businesses are still focused on spamming people, squeezing costs and improving margins, in the hopes that they sell a lot. Honestly, sounds wrong to me; I’d rather focus on delivering what people want and make them happy, creating recurrent costumers that will stick with the brand for years.
The vast majority of blogs out there are not businesses. Take my own example: even though I try to monetize my blog, I don’t really blog for money. I blog to keep myself motivated, to engage with people, to improve myself and to have people reading what I write and extracting value from it. I am a true believer of karma. Give so you can receive. That is why I intend to assemble one of the biggest online collection of summaries and reviews of books on personal finances (see it here, if you haven’t yet).
Book: Rich Dad Poor Dad
Rank: 10/10
Summary : here
In the book Rich Dad Poor Dad, Robert Kiyosaki introduces several simple, yet profound concepts pertaining to personal finances and how to manage them. The book is very digestible and covers a lot of aspects of personal finances for its relatively short size. It took me about 5 days to read the book, part-time. The book is great at showing the difference between the rich and the poor, even though it doesn’t describe a profile for the poor and the rich. Using its own experience, Robert Kiyosaki explains the advice he got from his dad and his friend’s dad (called rich dad in the book), and how it went on to influence his life.
The chapters are very well balanced and present a crucial idea, each of which was introduced by the rich dad.
These ideas are: 1) be financially educated, presenting mistakes that people commonly fall into, when they are not financially educated, 2) the importance of having a business apart from a regular job, and how that is crucial in the process of building wealth, 3) examples how deep value deals can be arranged and how the rich reach them, 4) how money can work for people rather than people working for money and 5) what obstacles there are to build wealth. Overall, I relate to Robert Kiyosaki’s story and second most of his claims.
I personally recommend this book to everyone who wants to learn fundamental aspects of personal finances and managing finances in general, as well as people who want to know what to do to start building wealth.
See more books, reviews and summaries here!
This is my summary of the book Rich Dad Poor Dad. Keep in mind that this is my Rich Dad Poor Dad summary, i.e. it may not be an accurate summary of the book.
I should say straight ahead that the Rich Dad Poor Dad book is one of the best books I have ever read, and I actively recommend it to everyone looking for the best financial advice. If you send me a message, I can send you this summary of Rich Dad Poor Dad in pdf, for free. Important: one reader just asked me for Rich Dad Poor Dad pdf – to make it clear, what I could send you is the pdf of this rich dad poor dad summary, not the book!
Introduction
Robert Kiyosaki introduces the context, says that his poor dad went to Stanford and earned a PhD, and his rich dad never finished the eighth grade. Having two dads advising him so differently regarding money turned out to be very valuable for Robert Kiyosaki and made him think more in the long run. Then, he goes on to explain more differences between his both dads and their attitude regarding money. Kiyosaki chose to listen to and learn from his rich dad, who taught him 6 lessons over five years, described in the next chapters.
Chapter 1: The rich don’t work for money
At a very young age, Robert Kiyosaki had his first business partner, his schoolmate Mike. They worked for Mike’s dad, who taught them lessons on how to make money. The first rule they learn was that the rich don’t work hard for money, their money works hard for them. The first thing Mike’s dad did was to pay Robert and Mike 10 cents/hr so that they could see what is like to get a salary they find short – and imagine how would that be if multiplied over the time-span of 50 years. Then, rich dad had them working for free, which taught them two lessons: 1) most people are guided by fear (of not being able to pay for their bills) or desire (e.g. greed) and 2) we need to think of alternatives to make money, which Robert and Mike did – at a very a young age they set up a small library room, where they provided leftover magazines to other kids for a small fee.