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Second Chance by Robert Kiyosaki #BookReview No. 4

Second Chance by Robert Kiyosaki

A friend of mine, Hani introduced me this book. She shared to me that one of her learning from the book was “A coin has three sides, heads, tails and the edge. Intelligent people stay on edge and look at both sides”

In other words, always look at both perspectives and take action which is beneficial to oneself and the other. For example, being an “A” student does not necessarily mean the student is smarter. An “A” means you won and beat your classmate. This was caused by the way the education system was set up which focuses on competition rather than cooperation.  Looking at a different perspective which can benefit both sides, the “A” could help the other student to excel as a team. This promotes the value of trust which is worth more than  grad “A”.

After listening to her sharing, I was like, I just go to get this book! I bought it from Bookurve.  The punchline of the Second Chance is ” For your money, your life and our world.”  It is a very attractive statement, especially when we have a hard time to talk about money among our friends and even family.

Let us be real here, money will affect our way of living that is very much a given situation. Money gives us more options to do things with our life.  So we need to learn to accept the facts that money is important and we need to learn to embrace the topic about money.

What is the book about?

In one sentence, the book is about a second chance for you, your money, and your life. In other words, is a way to come back in your financial setback in your life. The book has three main parts. They are the Past, the Present and finally the Future! I am going to pick one key lesson from each main part of the book to add value to you. Here we go!

My three key lessons from the book

The Past: Giving people things for free often keeps them poor.

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Giving things too much for free encourages the “entitlement mentality” that destroy initiative and personal responsibility. The Entitlement mentality is a state of mind in which a person comes to believe that privileges are instead rights and that they are to be expected as a matter of course. It makes them thinks that they do not need to work as everything on earth are given to you. Over a period of time, they became complacent. They begin to think everything is given to them and not earn. This is when they are in their comfort zone and reinforcing the poor mentality.

My thought? The problem is not giving free stuff. The problem is the ” Entitlement Mentality”. Unfortunately, giving too much free stuff will nurture the entitlement mentality in an individual.  We need to stop the entitlement mentality. If you want something, all you need to do is work and earn it. That is why when you buy things, you will tend to take good care of it. Why? It is because of your hard earn money you earn the right to own it. If you got it for free, you will not have the sense of responsibility and ownership to take good care of it.

Question to ponder, what can I do to eliminate entitlement mentality?

The Present: In the information age, the invisible resources are intellectual property.

 Second Chance Lesson Two

Robert stated they are four ages of humanity. They are Hunter-Gatherer Age, Agrarian Age, Industrial Age and finally the Information Age. We are now in the Information Age. There are invisible resources which are known as the Internet. We can look at internet similar to real estate or land.  How are you going to build a house on the cyberland? How can we make money from the cyberland? Mark Zuckerberg is smart. He builds his cyber land which is known as FACEBOOK to connect people globally. That is his intellectual property that he builds on the land.

My thought? This is indeed this is a good wake up call of Second Chance. I’m currently working as an engineer in an oil and gas company. I belong to the industrial age and as time pass, the age will end! The new age is the Information Age and it is still booming. The question is, are we prepared when the Industrial Age end? This part of the book gave me the drive to start this website, build my on a cyber property through Instagram, Facebook, and of course WordPress blog.

Question to ponder, how can I utilize the internet to build my cyberland?

The Future: Language is the key differentiator between those who lived at the highest levels from those that lived at the lower level.

Third Chance Lesson Two

The language that Robert talks about is the language of commerce. In a simple term, a language of money. Unfortunately,  these languages were not taught in school. Robert shared his experience between his rich dad and poor dad. Both spoke English, but they did not speak the same language. He shared the basic language of money. They are Asset and Liabilities.

Asset put money in your pockets.

Liabilities take money from your pockets.

Another vocabulary that Robert shared that is very important is cash flow and capital gains. The poor and middle class invest for capital gains. They buy, hold, and pray that prices go will go up and sell it.  The problem is they have no control over whether the prices go up or down. We see very little cash flow here. A true asset produces cash flow. Product and services produce money.

My thought? The key nugget here is to learn the language of money and the ability to identify them throughout our daily life. I have to agree that the language of money was not taught in school. We have to learn once we move into the working world.  The key vocabularies are asset, liabilities, cash flow and capital gain.  These words are about controllability in your financial space. My “AHA!!” moment is the cash flow. Building cash flow is about selling product that will help people or provide excellent service to help people to reach their desired goal. This is something an actionable work that can be done to achieve the financial freedom that we long for.

Question to ponder, how can I use my passion to provide service to people?

Final Thoughts: Second Chance by Robert Kiyosaki.

If you want to gain knowledge on financial education. This is a book to read! Great information that will help you to redeem your financial journey towards a better life and freedom. Here is the hard talk, the knowledge you gained from the book will not mean anything until you try and make an educated decision. Overall, a highly recommended book to get your financial journey on track.

Comment below to tell me what you think and feel free share to your friends and family! 

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One Question by Ken Coleman #BookReview No. 3

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One Question was written by Ken Coleman. He is a radio host and Emcee of the catalyst leadership conference. He is all about the questions. He is an acclaimed author and a speaker. Through the years, he has gained widespread notoriety for his in-depth conversations with leaders from all walks of life. As you can see, the punchline of the book is life changing answers from today’s leading voice. I got to know Ken Coleman from a Zig Ziglar podcast. Ken Coleman interviewed by Tom Ziglar and Kevin Miller. He shared a great story from his mentor. He talks about finding your sweet spot. So what is your sweet spot? List down your strength on one side and the list down your passion on the other side. Strength is what you are good at and it is basically your skills. Passion is the things you love to do without feeling burden. Your sweet spot is the intersection of these two functions.

Strength Passion and Sweet Spot

At that point, I know I need to know this guy, Ken Coleman. I need to get his book, One Question. Let us begin.

What is the book about?

One Question is a collection of the interview done by Ken Colemen to highly influential and great people around the globe. The chapters of the book consist of three main categories. They are the three S’s, Succeeding, Surviving and finally Sustaining.  The moment you opened the book, the first question is “WHY ASK QUESTION?”  Albert Einstein once said, “To raise new questions, new possibilities, to regard old problems from a new angle, requires creative imagination and marks a real advance in science.” Great questions are often the keys that unlock possibilities for human advancement. Asking questions to the right person, at the right time in the right way and magic happen.

Ken Colemen interviewed people like John Maxwell, Seth Godin, John McCain, Malcome Gladwell, Dave Ramsey, and the list goes on. The book is full of compressed life nugget and advice which can be used as a catalyst to succeed in life, to survive in life and the finally sustain. This very much reflects the cycle of life. At one point in life, you need to survive. Once you succeed, the next journey is the hardest element which is to sustain. Why I say so? Once you are are the top, you may not be comfortable to downgrade yourself. Let’s keep it simple, you were using the iPhone 7 for 2 years, are you willing to use iPhone 3? You may feel uncomfortable using it. You may feel downgraded. You may feel undervalued. Sometimes you have to be beaten down to learn the meaning of success and to understand the importance of sustaining.

Ken Colemen simplified and frames the experience from the interview into these section of life. I just love it. Alright, let us look at the three key lesson from The One Question. I took one from each key categories.

My three key lessons from the book

Once we locate our niche, we need the courage and discipline to pursue it. If you find and fill your niche, you’ll never “work” another day in your life.

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This is taken under the category of SUCCEEDING. Ken had an interview with John Maxwell about NICHE. He is a New York Times Best Selling Author. Ken asked John, We all have unique talents and strengths, yet so many never find their niches. How do we find it? John Maxwell stated that you need to answer two questions. One is “What are you passionate about?” and number two is “What are you good at?” To answer these questions, you got of self-discover yourself through the elimination process.  Start off with your passion.  Do you like basketball? Do you like engineering? Do you like to photography?

Once you know that, you need to find out whether you are good at it or even skill at it.  You can look at it as your strength. Keep in mind that you will not be good at it at first and you are expected to make mistakes. It is similar when a baby learning to walk. She needs to crawl, walk, run and dance. It takes multiple failures to earn the success. Once you got these two, all you need to do it go all in with discipline and courage!

Your successes and failures in the laboratory of life have left you with experience rather than mere theory.

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Under the category of SURVIVING, Ken interviewed Dave Ramsey about STARTING OVER. He is a Nationally Syndicated Radio Host and New York Times Bestselling Author. Ken asked Dave, “How do people recover when they fail and have to start again?” Dave responded, starting over is a form of “SPLAT” and it is part of our life. It is considered a given situation. First, you have to recognize that when you’re flat on your back, there is nowhere to look but up! It means you can decide to get up. The next thing is clear the fog in your head as you see your goal. To move forward, you recognize your values and principles, and from that point forward, they seared into your souls and never change. This is an important step because principles are the foundation that makes great men and great women. Finally, you need to established your core value. Then, you can start dreaming again and see your vision of success.

Splats is an opportunity to reassess our priorities. Success and stress blur the lines between the important and the immediate.  Hence, a splat in our life allows us to focus on what is really important for us. It helps us to reset.  Remember, your successes and failures in the laboratory of life have left you with experience rather than mere theory.

The most successful people seem to find time to exercise.

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Under the category of SUSTAINING, Ken interviewed Denise Austin about HEALTH. She is a Fitness Icon and New York Times Bestselling Author. Ken asked Denise, Most people know that health is important, yet many can’t seem to squeeze exercise and proper nutrition into their busy schedules. How much more effective would we be in chasing our dream if we were better in physical health? Denise response, It makes a huge difference in the sense of energy and positive feeling with our jobs, relationship and family. You could have all the money in the world, but if you don’t have good health, you have nothing! Most people are not lazy, but they just do not know how to start. You do not have to be a hardcore athlete representing the country for a sports event. It could be a quick 30 to 45 minutes jog or walk every day consistently. Most people also only start to live a healthy lifestyle after they were diagnosed with diseases such as heart attack, diabetes, and even cancer. By that time, it could be too late. All this could be prevented with the investment and commitment to exercise and eat healthily.

Final Thoughts: One Question by Ken Coleman!

There lots of nuggets reading the One Question on personal development and helping others. I love the concept of a question and answer format of the content that connected deeply to living life. It is about Succeeding, Surviving and Sustaining in our life journey. The question asks by Ken allow me to open my mind and listen to the response given by the influential and great people. Some of them deserved to be given titled legends. Overall, great book!

Comment below to tell me what you think and feel free share to your friends and family! 

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