REVIEW: "life hacking rich people. 50 ways to get rich, "David Stevenson

Sharing his impressions of the book, in which David Stevenson taught to think and act like a wealthy man.

David Stephenson (David Stevenson)

Investor, Entrepreneur. Authoritative expert in the field of finance. Chief editor AltFinanceNews, a columnist for Financial Times international business newspaper. Author of several books about money and investments, including the bestseller Investing in Shares For Dummies.

I'm not an economist or financial analyst. The book "life hacking rich people" was given to me difficult - too many specific terms and calculations. I find it difficult to assess whether the reasoning Stevenson securities and investments are relevant in terms of our market and our legislation. Nevertheless, I believe that the book is suitable for a wide range of readers as teaching rational about money and transform the thinking of "life from paycheck to paycheck."

We all need to think like economists (yes, that's right!) And act pragmatically, that is to face the facts. I want us to slow down the pace, have ceased to behave impulsively - and engaged in planning. I use a utilitarian approach, because we are far from rationality, we are plagued by fears, phobias and passions. They need to understand, to keep under control - and then intelligently use to store energy and enthusiasm. I want us to objectively look at your financial situation, because the well-being of the construction - is the work with precise figures and money.

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David Stevenson

My personal assessment of the book by David Stevenson "life hacking rich people. 50 ways to get rich "- 6 of 10.

Man as a mini-company

The central idea of ​​the book: you have to consider yourself as a business company. This means that you need to maintain a balance of liabilities (liabilities) and assets (income and capital), learn to save and invest. In this regard, the book quite a lot of talk about compounding, ie getting new revenues from the previous ones.

This is one of the few things that the financial institutions we "gave". They allow us to continue to accumulate interest on our savings accounts or reinvest our dividends. It encourages us to be lazy, but in this example, it can work for us. As long as we are disciplined and stay away from the use of this money, they grow.

David Stevenson

Age financial happiness

structure of the book is that expired for themselves will find advice as young, just beginning to build their capital people and the elderly who have experienced more than one economic crisis. According to Stevenson, age 20 to 30 years - the time risky entrepreneurial ideas. The author gives advice on how and what better to invest money at this time. In 40-50 years it is necessary to think of preserving financial stability and well-being, that after retirement to live as love and not as resources permit.

Who should read this book

Strictly speaking, everyone who earns, saves and invests. But especially for people whose work is related to finance, entrepreneurs and startups.

I want to finish the book by saying that the work - the secret of success in the modern world. We operate on the market, working on the energy of continuous creative destruction spurs drumbeat of destructive technologies. We live in a social world where the welcome ingenuity, confidence and depth of knowledge. We work in a business where creativity is seen as a critical factor for career growth. And what is true for corporations is doubly true for individual entrepreneurs. If you truly believe that you can build a fortune without doing bold new steps and... you're just cheating yourself! Last but not least, even callous, offering experienced investors should think about how to become more creative. Do not get bogged down in the old assumptions, stay tuned for new models and capabilities. You have to develop emotional intelligence, continue to learn - and be prepared to errors. And here is my last piece of advice: the interests of the new theories, think unexpected approaches - and act!

David Stevenson

habits of the rich different from the habits of the poor. Millionaires many things do differently. This book will help to understand this difference and take the path of change in their lives.

"Life hacking rich people. 50 ways to get rich, "David Stevenson

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