Mindset That Changes Everything

 Mindset That Changes Everything, Aryan Chaudhary, 2018

In a person’s journey to the land of wealth, mindset is a very important thing. It’s much more difficult to become rich if you still think like a poor person. This book may be able to help.

On your way to becoming rich, you will certainly learn to become adaptable. Change is going to happen at the most inconvenient time. You need to stay motivated, regardless of what happens. Another requirement is to be passionate about “it,” whatever it is. Expect stress and competition. Always set goals and never stop learning.

Discipline, the ability to keep moving toward your goal, no matter what obstacles life throws at you, is an important skill of successful people. Emotional intelligence is much more important in business than regular, IQ, intelligence. You need to keep yourself motivated at all times, and also stay focused. Be patient – becoming rich and successful will take time; potentially, lots of time. Can the making of any part of your product or service be outsourced to someone else? How will people know what you are selling if you don’t do some marketing? Learn how to manage your money, or find someone to do it for you.

On the other hand, poor people would rather watch TV than work on their business. They don’t place a high priority on health, so they will eat the typical American un-healthy diet. “Unless you are a professional athlete or an owner of one of the teams, there’s really no reason for you to watch sports.” (!!) Poor people blame others for their misfortune.

Once you become rich, there are other things to worry about. Does your spouse really love you, or are they only interested in your money? Will your children grow up to be spoiled brats, having never experienced life as an average person? What about your friends, both old and new? Do they have dollar signs in their eyes whenever they look at you? Will you be subject to frivolous lawsuits, simply to get at your money?

This is a very interesting book. It won’t reveal any secrets to getting rich, but having the right mindset is still an important part of the journey. It is really worth reading.  

Your Last Step to Financial Freedom

 Your Last Step to Financial Freedom, Aryan Chaudhary, 2021

This book deals more with the mental aspects of being an entrepreneur, than it does to describe “The Hottest Way to Earn Extra Money.”

Passion and energy are both absolute requirements, no matter what your product or service is. Having just one or the other is not good enough. Consider adopting an action mantra, a saying that will keep you going forward through thick and thin. Look at successful people in your area of business; consider following their footprints. There is no need to be fastest in a particular area. It is very acceptable to be second fastest; that way, you can learn from Number One’s mistakes. Failing is totally OK. It shows that you are doing something. Wrong action is better than inaction.

Mindset is another important part of success. Are you a person who thinks “I can do this” or “I can’t do this?” A habit is a regular tendency or practice, usually one that is hard to give up. Among the individual parts of habits are commitment, discipline, focus and setting (and implementing) goals. Developing a growth mindset can be helped by immersing yourself in quality content (like books, podcasts and online videos). Don’t be so hard on yourself, and don’t try to be perfect. Stop trying to please everyone else. Give before you ask and stop complaining. Do what is needed, not what you want. Leave things better than you found them.

Forget about creating multiple streams of income. It is much more important to acquire multiple skills (like blogging, coding or digital marketing). An income stream without the required skill is a recipe for failure. Learning a new skill requires daily practice. Learning any skill can lead to learning related skills; don’t limit yourself to learning just that one skill. Find your best move, or moves, and practice to perfection.

This is an excellent book. The mental part of being an entrepreneur is just as important, maybe more important, than finding the hottest money-making trends. It is very much worth reading.

How to Set Financial Goals

 How to Set Financial Goals, Aryan Chaudhary, 2021

What sort of financial goals do you have in mind? Is it a short-term goal, like saving enough money to purchase a new, big-screen TV? Do you want to start an emergency fund, in case of sudden bills, or some sort of investment account? Is it a long-term goal, like saving enough money to buy a house? This book can help.

What happens if you don't set any kind of financial goals? You may become stuck in life, and your dreams will remain unfulfilled. You will fall into the debt trap, and life will teach you some unpleasant lessons. The chances get better of you dying broke. You will be forced to spend more and more time at work, neglecting your family.

Financial planning, ahead of time, will help neutralize any short-term "wants" and help keep you focused on your overall goal.

Now, start getting specific about your overall goal. What do you need? When do you need it? How will you contribute to it? To give a simple example, you want to create an emergency fund of at least USD6000 in the next 12 months. You need to figure out a way to put aside USD500 per month, every month.

This is an interesting book. Most of it is a workbook, with plenty of space to write down your progress toward your ultimate goal. Yes, it is very much worth considering.