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The 10 Pillars of Wealth: Mind-Sets of the World's Richest People
USA Today How to think like a multimillionaire and leave 9-to-5 behind.
The world has led you to believe that financial freedom is not something you can willfully create. You have been taught to view wealth as something that happens only to a lucky few who win a random business lottery or are blessed with unimaginable talent. The truth is that creating wealth does not come down to luck or talent. It comes down simply to your beliefs, understanding, and views—the “pillars” that reinforce your every action.
Alex Becker not only breaks down the most important pillars for you, but also shows you how to bring them into your life today—to begin generating lifelong financial freedom. Discover how
Successfully quit your 9 to 5 and take back your life without taking massive financial risks Separate your time from money so that you are constantly getting paid (even in your sleep) Understand the lessons multimillionaires have learned through years of trial and error Map out the exact steps needed to build million-dollar businesses Skip time-wasting mistakes and learn how to make money quickly by focusing solely on what gets you paid And more
The world has led you to believe that financial freedom is not something you can willfully create. You have been taught to view wealth as something that happens only to a lucky few who win a random business lottery or are blessed with unimaginable talent. The truth is that creating wealth does not come down to luck or talent. It comes down simply to your beliefs, understanding, and views—the “pillars” that reinforce your every action.
Alex Becker not only breaks down the most important pillars for you, but also shows you how to bring them into your life today—to begin generating lifelong financial freedom. Discover how
Successfully quit your 9 to 5 and take back your life without taking massive financial risks Separate your time from money so that you are constantly getting paid (even in your sleep) Understand the lessons multimillionaires have learned through years of trial and error Map out the exact steps needed to build million-dollar businesses Skip time-wasting mistakes and learn how to make money quickly by focusing solely on what gets you paid And more
202 pages, Kindle Edition
Published May 17, 2016
1314 people are currently reading
1892 people want to read
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Displaying 1 - 30 of 144 reviews
August 27, 2018
Short summary:
1. Work hard, be reckless, get really lucky
2. Be ignorant about survivorship bias
1. Work hard, be reckless, get really lucky
2. Be ignorant about survivorship bias
May 23, 2020
Solid foundation of mindset for wealth.
Pillar 1: Rejecting Get Rich Slow (normal career model is riskier than being an entrepreneur)
Pillar 2: Separating Time from Money
3. Accepting that you must be better than everyone else
4. Knowing everything little thing is 100% your fault (responsibility)
5. Adopting an abundance mindset
6. Forgetting “what if” And focusing on “what is”—just address the #1 thing right in front of you right now. Then the next. Then the next.
7. Mapping out actions that achieve goals (basically top-down stepwise refinement)
8. Focus solely on what gets you paid (and realize this shifts as you advance—formal high-level tasks become low-level tasks to be delegated)
9. You have to understand people to get money
10. Competitive friends and suitable mentors (not Wayne Gretzky, someone 6 months or 1 year ahead of you)
11. Decide and commit to be wealthy no matter what
3 types of biz:
Cash flow (ex. Aff marketing, info products, marketing agency)—best to start but limited scaling
High Investment Scalable—app, SaaS—take money from Cash Flow biz to start one of these, then sell it later
Long-term Investment—bars , apartment buildings, etc. —invest $$ from other two to buy these safe, comfy assets
Freebies at alexbecker.org/go
Highlights:
P 61 “Nick on the other hand takes $30k of his $100k a month and hired a developer ($10k), a designer ($5k), a support team ($5k), and a content creator ($10k) to help with his business. “
=> 40 hours of work per day, better work, faster growth. Spend 30% on staff.
P 79
Think like you’re already successful. “If i we’re a freak-of-nature genius business máster capable of anything in the world, how would I handle this situation?”
P 96 find people who have done what you want to do and ask them:
1. How to fix the problems you have now
2. What problems you’re about to have that you don’t see coming
P 105
“There is no death penalty for failing at business. You just get bad credit and are poor for a while.”
P 111
Keep abundance in your life and keep giving yourself proof of abundance by continually expanding any by doing anything possible to create more wealth.
P 123
Redefine mistake as “a lesson that will make you money in the future,” instead of “a reason not to take action.
P 211
The Official Get Rich Guide yo Info Marketing by Dan Kennedy
Pillar 1: Rejecting Get Rich Slow (normal career model is riskier than being an entrepreneur)
Pillar 2: Separating Time from Money
3. Accepting that you must be better than everyone else
4. Knowing everything little thing is 100% your fault (responsibility)
5. Adopting an abundance mindset
6. Forgetting “what if” And focusing on “what is”—just address the #1 thing right in front of you right now. Then the next. Then the next.
7. Mapping out actions that achieve goals (basically top-down stepwise refinement)
8. Focus solely on what gets you paid (and realize this shifts as you advance—formal high-level tasks become low-level tasks to be delegated)
9. You have to understand people to get money
10. Competitive friends and suitable mentors (not Wayne Gretzky, someone 6 months or 1 year ahead of you)
11. Decide and commit to be wealthy no matter what
3 types of biz:
Cash flow (ex. Aff marketing, info products, marketing agency)—best to start but limited scaling
High Investment Scalable—app, SaaS—take money from Cash Flow biz to start one of these, then sell it later
Long-term Investment—bars , apartment buildings, etc. —invest $$ from other two to buy these safe, comfy assets
Freebies at alexbecker.org/go
Highlights:
P 61 “Nick on the other hand takes $30k of his $100k a month and hired a developer ($10k), a designer ($5k), a support team ($5k), and a content creator ($10k) to help with his business. “
=> 40 hours of work per day, better work, faster growth. Spend 30% on staff.
P 79
Think like you’re already successful. “If i we’re a freak-of-nature genius business máster capable of anything in the world, how would I handle this situation?”
P 96 find people who have done what you want to do and ask them:
1. How to fix the problems you have now
2. What problems you’re about to have that you don’t see coming
P 105
“There is no death penalty for failing at business. You just get bad credit and are poor for a while.”
P 111
Keep abundance in your life and keep giving yourself proof of abundance by continually expanding any by doing anything possible to create more wealth.
P 123
Redefine mistake as “a lesson that will make you money in the future,” instead of “a reason not to take action.
P 211
The Official Get Rich Guide yo Info Marketing by Dan Kennedy
February 24, 2020
This book is a disgrace and insult to my intelligence and any other person who reads it. I am quite surprised that so many people rated it high. My self-esteem is high enough to not need this schmuck who hides behind his luxury cars in YouTube videos to talk down to me. A loser in every sense of the word with a business model more concerned with making himself rich than making the world a better place.
April 5, 2018
In this fantastic book the author Alex Becker sets out to delineate the 10 most important concepts and mindstates behind getting rich in "Pillars" (that are the fancy equivalent of chapters). In each Pillar would find a notion to reject or except, or a mind-state, which then gets expounded upon in greater detail. The author is concise and to the point and incorporates a plethora of very good and relevant real-world examples.
Pillar 1 ("Rejecting Getting Rich Slow") for example, refutes the glorified notion that the "right way" to be successful is to go to college, get a degree, work everyday for a salary; weekends off; spread out vacations, with slightly inclined pay raises and a good enough salary to eventually retire semi-satisfactorily later in life. Apparently, they say that it's "safer" to minimize risks (that the wealthiest self-made millionaires take) in your career and life just to insure a more guaranteed path to success and financial freedom. The author utterly rejects this notion in the same way that MJ Demarco jettisoned these same universally held beliefs in his masterpiece 'The Millionaire Fastlane'. Demarco's book bears a striking resemblance to this one but thats not surprising because his life-path and entrepreneurship essential bears many resemblances to Becker's as well. Both these books I must mention are the finest i've read in self-development and success.
Pillar 4 ("Knowing Every Little Thing is 100% Your Fault") has to do with mind-state and as it's title states believing that every action you take is 100% your fault, and that when you take responsibility for all your circumstances; despite it's uncorrelated nature with your volition, you become more adept at manipulating your life situation. This as you may notice is a very common mindstate of the very successful (check Gary Vaynerchuck for example). No surprise here, but a little flavor added with the author's humor and personality.
Pillar 6 ("Forgetting 'What If' And Focusing On 'What Is') is similar to Pillar 4 in a sense of the mindstate needed to endure, and most importantly get started. Many times in life we play hypothetical scenarios in our head of what will result in the actions we take rather than just taking them and calibrating, figuring out, and learning from them there and then.
Pillar 8 ("Focusing Solely On What Gets You Paid") is a plan of action that states that you should put most if not all your efforts on the activities you undertake that ultimately get you paid. Other less profitable tasks should be outsourced and overall there will be a net benefit. Brian Tracy outlined this concept in his book I just read named 'Eat The Frog'. In the book, Tracy has a concept called the Law of 3s. The concept behind it is if you prioritize and focus on the 3 most important tasks you will ultimately achieve the best results and a higher salary. Even Gary Vee talks about focusing on what gets you paid.
There's a "Secret Pillar" that is very motivational. There's a bonus chapter that talks about the different kinds of online companies you can start and it outlines the details of each.
I can write an exposition on every Pillar but I just chose to mention a few that I found trenchant and engaging. There were many profound revelations for me when reading the text. Overall I loved it - it was a masterpiece...Surprisingly written by someone only a few years older than me. Time to get to work.
Pillar 1 ("Rejecting Getting Rich Slow") for example, refutes the glorified notion that the "right way" to be successful is to go to college, get a degree, work everyday for a salary; weekends off; spread out vacations, with slightly inclined pay raises and a good enough salary to eventually retire semi-satisfactorily later in life. Apparently, they say that it's "safer" to minimize risks (that the wealthiest self-made millionaires take) in your career and life just to insure a more guaranteed path to success and financial freedom. The author utterly rejects this notion in the same way that MJ Demarco jettisoned these same universally held beliefs in his masterpiece 'The Millionaire Fastlane'. Demarco's book bears a striking resemblance to this one but thats not surprising because his life-path and entrepreneurship essential bears many resemblances to Becker's as well. Both these books I must mention are the finest i've read in self-development and success.
Pillar 4 ("Knowing Every Little Thing is 100% Your Fault") has to do with mind-state and as it's title states believing that every action you take is 100% your fault, and that when you take responsibility for all your circumstances; despite it's uncorrelated nature with your volition, you become more adept at manipulating your life situation. This as you may notice is a very common mindstate of the very successful (check Gary Vaynerchuck for example). No surprise here, but a little flavor added with the author's humor and personality.
Pillar 6 ("Forgetting 'What If' And Focusing On 'What Is') is similar to Pillar 4 in a sense of the mindstate needed to endure, and most importantly get started. Many times in life we play hypothetical scenarios in our head of what will result in the actions we take rather than just taking them and calibrating, figuring out, and learning from them there and then.
Pillar 8 ("Focusing Solely On What Gets You Paid") is a plan of action that states that you should put most if not all your efforts on the activities you undertake that ultimately get you paid. Other less profitable tasks should be outsourced and overall there will be a net benefit. Brian Tracy outlined this concept in his book I just read named 'Eat The Frog'. In the book, Tracy has a concept called the Law of 3s. The concept behind it is if you prioritize and focus on the 3 most important tasks you will ultimately achieve the best results and a higher salary. Even Gary Vee talks about focusing on what gets you paid.
There's a "Secret Pillar" that is very motivational. There's a bonus chapter that talks about the different kinds of online companies you can start and it outlines the details of each.
I can write an exposition on every Pillar but I just chose to mention a few that I found trenchant and engaging. There were many profound revelations for me when reading the text. Overall I loved it - it was a masterpiece...Surprisingly written by someone only a few years older than me. Time to get to work.
October 29, 2023
With so many books out there about entrepreneurs, business strategies and self developments, this one is quite average.
The book content is good, but I haven't connected at all with the author and I haven't enjoyed his way of expressing himself.
After finalizing the book, I was curious about this guy and watched some videos in his youtube channel. Meh.
I am happy for him and his success but..."not my type of influencer"
"The single worst thing that you can do when trying to reach your goals is not doing anything at all."
"Everything that can be delegated, must be delegated."
"You will be learning fast more from doing than you will ever learn from 'learning about doing'."
The book content is good, but I haven't connected at all with the author and I haven't enjoyed his way of expressing himself.
After finalizing the book, I was curious about this guy and watched some videos in his youtube channel. Meh.
I am happy for him and his success but..."not my type of influencer"
"The single worst thing that you can do when trying to reach your goals is not doing anything at all."
"Everything that can be delegated, must be delegated."
"You will be learning fast more from doing than you will ever learn from 'learning about doing'."
May 12, 2021
Came up multiple times on my Prime Reading suggestions and hence picked up this book. Was too over the top with ridiculous anecdotes and examples. One of the persons that the author mentions as an example of a rich friend was recently jailed for their fraud and ponzi schemes. This entire book feels like the same thing.
Do not even bother.
Do not even bother.
April 4, 2021
In pillar 8, Alex Becker tells us to just get out there and do it! He tells you not to read books because they’re distracting you from your money making activities but then proceeds to say his book is one exception because it provides you with the right mindset to be “10 times” more effective. This is crazy! This book is a regurgitation of typical self help advice and nothing in it is unique or especially valuable. I’ve read other books that do a much better job of getting you to success without the focus on getting wealthy. When it comes down to it, in anything we do, we need to provide value. If you focus on wealth you’re much closer to being a con man than providing value. This book appears to follow the well work path of so many gurus of the past:
“I’ve been so successful (look at all these numbers-always revenue, never profit- and my expensive cars) that I want to pass my secrets onto you for the cheap price of $19.99. Not because I need the money but because I care so much for you.”
All while their “course” provides magnitude more verifiable money than any business they were involved in ever did! Also, the use of scammers as your examples and models just further highlights this. If you admire scammers, you’re probably a scammer yourself. Especially when there are so many good examples out there. I will say, while I don’t know Alex from Adam, but in quick Google it does appear Alex has had some level of success outside this business, though software requires a specific skill set that 98% of people reading this book won’t have.
While this book might be good for some, most would be much better off “doing”, as Alex himself suggests, or reading different books on paths to success or mindset that provide more original ideas.
I gave this book 2 stars instead of 1 because if not for the constant focus on how much money Alex has made, it provides an average framework.
“I’ve been so successful (look at all these numbers-always revenue, never profit- and my expensive cars) that I want to pass my secrets onto you for the cheap price of $19.99. Not because I need the money but because I care so much for you.”
All while their “course” provides magnitude more verifiable money than any business they were involved in ever did! Also, the use of scammers as your examples and models just further highlights this. If you admire scammers, you’re probably a scammer yourself. Especially when there are so many good examples out there. I will say, while I don’t know Alex from Adam, but in quick Google it does appear Alex has had some level of success outside this business, though software requires a specific skill set that 98% of people reading this book won’t have.
While this book might be good for some, most would be much better off “doing”, as Alex himself suggests, or reading different books on paths to success or mindset that provide more original ideas.
I gave this book 2 stars instead of 1 because if not for the constant focus on how much money Alex has made, it provides an average framework.
December 26, 2020
The ten pillars:
1. Rejecting getting rich slowly
2. Separating time from money
3. Accepting that you must be better than everyone else
4. Knowing every little thing is 100% your fault
5. Adopting an abundance mind-set
6. Forgetting “what if” and focusing on “what is”
7. Mapping out actions that achieve goals
8. Focusing solely on what gets you paid
9. People give money to people that get people (understanding others)
Finding competitive friends and suitable mentors
1. Rejecting getting rich slowly
2. Separating time from money
3. Accepting that you must be better than everyone else
4. Knowing every little thing is 100% your fault
5. Adopting an abundance mind-set
6. Forgetting “what if” and focusing on “what is”
7. Mapping out actions that achieve goals
8. Focusing solely on what gets you paid
9. People give money to people that get people (understanding others)
Finding competitive friends and suitable mentors
June 2, 2021
some good general thoughts to open up your mind.
wolf of wall street (book and movie) is not a good example. "engaged in rampant corruption and fraud." (from wikipedia) both the SEC and FBI investigated him. and he went to prison losing his fraudulent built fortune, setting aside whatever he spent or he snorted.
also working hard doesn't guarantee money or wealth or success.
better books: rich dad poor dad, the millionaire next door, maybe suze orman too.
wolf of wall street (book and movie) is not a good example. "engaged in rampant corruption and fraud." (from wikipedia) both the SEC and FBI investigated him. and he went to prison losing his fraudulent built fortune, setting aside whatever he spent or he snorted.
also working hard doesn't guarantee money or wealth or success.
better books: rich dad poor dad, the millionaire next door, maybe suze orman too.
November 5, 2024
Awful book. I picked it up cause I thought it was empire of pain, my bad.
January 2, 2024
HIGHLIGHTS:
1. BE ACCOUNTABLE:
- Blame doesn’t change who loses.
- Be accountable: It is under your control. Make decisions based on control.
- Always point the finger at me.
2. TAKE ACTION:
- Solve the problems in front of you vs. over-planning for all future problems.
3. Focus on the thing that makes you money. Direct your team to make you money.
- Outsource to talented employees.
- Don’t spend time on things that don’t make you money, automate & delegate.
4. “Learning” doesn’t get you paid.
- cold call and directly email potential clients.
5. Write down current selling actions that lead to getting paid and the time it took.
- 500 cold calls (40 hours — have employees do this)
- close the deals in 1:1 meetings (*high value action)
- define what is not DIRECTLY making money.
6. Power over other people (to get what you want).
7. GET OVER YOUR FEARS:
- Be proactive in throwing yourself into socially uncomfortable situations (appropriately).
8. Be in a group of like-minded community
(Eg WOW game playing).
- inspire competitiveness and addiction.
- Start new with motivated people (positive peer pressure).
9. Types:
- Cash flow businesses (hard to scale).
- HIS - apps that explode (build the right way, start-up process). Operated by anyone, automation.
- affiliate link
1. BE ACCOUNTABLE:
- Blame doesn’t change who loses.
- Be accountable: It is under your control. Make decisions based on control.
- Always point the finger at me.
2. TAKE ACTION:
- Solve the problems in front of you vs. over-planning for all future problems.
3. Focus on the thing that makes you money. Direct your team to make you money.
- Outsource to talented employees.
- Don’t spend time on things that don’t make you money, automate & delegate.
4. “Learning” doesn’t get you paid.
- cold call and directly email potential clients.
5. Write down current selling actions that lead to getting paid and the time it took.
- 500 cold calls (40 hours — have employees do this)
- close the deals in 1:1 meetings (*high value action)
- define what is not DIRECTLY making money.
6. Power over other people (to get what you want).
7. GET OVER YOUR FEARS:
- Be proactive in throwing yourself into socially uncomfortable situations (appropriately).
8. Be in a group of like-minded community
(Eg WOW game playing).
- inspire competitiveness and addiction.
- Start new with motivated people (positive peer pressure).
9. Types:
- Cash flow businesses (hard to scale).
- HIS - apps that explode (build the right way, start-up process). Operated by anyone, automation.
- affiliate link
March 2, 2021
Two stars because it has some value for any beginners of a business. However, the examples he used are frauds. So, 3 stars off. Jordan Belford (wolf of Wall Street) to com mizra (in jail for scam). Really? You couldn’t find role models of honest business people to use as examples? It shows in writing also that the author looks up to these people a lot and doesn’t care about ethics of business rather than the single goal of making large amount of money in short time. Wrong message to give it to young aspiring entrepreneurs.
January 29, 2018
Nuggets of Truth:
Low investment high return business
Learning to sell better is my main focus
You want to be rich but you keep choosing to be poor
When you think big you'll do big and you'll win big
LTI long term investment business
Low investment high return business
Learning to sell better is my main focus
You want to be rich but you keep choosing to be poor
When you think big you'll do big and you'll win big
LTI long term investment business
June 11, 2019
Great book to think about our own business, and how we can improve the results.
January 1, 2021
I'm always suspicious of people that are overly excited about the Wolf of Wall Street, so we'll need a grain of salt with this one. In general, this is a quick and fun read.
April 23, 2022
#lifecoach
Nothing new here.
Nothing new here.
July 25, 2020
I liked most parts of this book. I was satisfied with the freedom Alex has and enjoyed numbers $ he provided - that's amazing, big money always fire you up.
In my opinion this book could have been way more interesting, if the author shared his path in specific details, because it looks like a dry description now.
The main topic which is the core of this book is that you have to become rich, but there's more components to it, because to build any successfull business from scratch is not a simple task by any means.
I wish I could read about mistakes Alex did while building his businesses, and how he recovered from them, but instead I had to read about some theory and his general thoughts.
My rating: 3.5/5
In my opinion this book could have been way more interesting, if the author shared his path in specific details, because it looks like a dry description now.
The main topic which is the core of this book is that you have to become rich, but there's more components to it, because to build any successfull business from scratch is not a simple task by any means.
I wish I could read about mistakes Alex did while building his businesses, and how he recovered from them, but instead I had to read about some theory and his general thoughts.
My rating: 3.5/5
April 21, 2020
I could do without the comparison of making money in your business to getting lucky with a beautiful woman, but outside of that, this book was extremely motivating to anyone who wants to make big moves in their career! It is definitely easy to read and fully understand for a business newbie.
December 31, 2020
While I don't agreed with Alex's somewhat reckless spending habits for people that haven't that money yet, I really agree with his point of outsourcing work.
December 8, 2023
**Method**: Kindle (ePub)
### Summary
Honestly, much better than I was expecting. I only know about Alex Becker from his YouTube videos, and I thought he was a little uptight/arrogant. His book, however, was very actionable and sound (when comparing to a lot of the other, more well-known wealth books). I can't attest to the success of his methods, but the principle of honing the craft of building wealth by creating businesses and getting better over time is something I'm excited to adopt.
### Key Takeaways
- PILLAR 1: REJECTING GETTING RICH SLOW
- Page 36: Before I get into anything, I need you to understand one thing. Getting rich quickly is extremely low risk for one and only one reason. YOU CONTROL EVERYTHING.
- Page 37: So, the three key ideas to take away from this are: You control your life. You can get better at anything. You are allowed to fail.
- Page 44: Entrepreneurs understand that the more you work at something (including making money), the better you will get. Failing a few times is common, but if you learn from these failures and figure out why those attempts didn’t succeed, you will eventually hit your target. And the good news is you only need to hit your target once to be rich for life.
- PILLAR 2: SEPARATING TIME FROM MONEY
- Page 50: Instead of spending our time working, we should spend our time creating systems that do the work for us.
- Page 52: Your first goal when separating time from money is to simply find a process that works. For example, if you are trying to sell real estate, your first step is to create a sales process that works. Then, after you have a process that works, you need to find a way to separate your time by automating as much of your business as possible so that you’re not being paid for the time you spend working.
- PILLAR 3: ACCEPTING THAT YOU MUST BE BETTER THAN EVERYONE ELSE
- Page 68: So, how do you get the result of incredible wealth? You create a business that is better than 99 percent of other businesses. And how do you create a great and successful business? The answer: You believe and accept the fact that you have to be great.
- Page 70: Eventually, if you work hard enough at something, you will become good—dare I say great—at it. Then it will be much easier to accept the fact that you are great.
- Page 73: On top of this, when you combine this pillar with the others, you can become wealthy without taking blind risks, because you will understand how money works. Once you learn about money and business, these risks will actually become opportunities.
- PILLAR 4: KNOWING EVERY LITTLE THING IS 100% YOUR FAULT
- Page 82: But who would you rather be, the person who is dead but blame-free or the person who is alive but accepts all the blame?
- Page 82: Let me repeat that again. In business, no matter whose “fault” it is, you will be the one who pays the price. The only way to prevent this is by always pointing the finger at yourself so you think about ways to take control away from other people or variables.
- Page 88: Tiny rant: I see this all the time. People want to start a business, but they cannot leave their current job because their lifestyle is too expensive. News flash: get a cheap apartment and a cheap, beat-up car, and you can live off $ 600 a month if you wanted. If you want major change in your life, you cannot be living the same life you have right now. That might be extreme if you have a family or student loans, but there are almost definitely a few expenses that you could cut back on. Spend less money at the grocery store, stop going out to eat, don’t buy new clothes for the next six months, shop at thrift stores instead of department stores, cancel Netflix, go to the library instead of buying books every week, etc.
- PILLAR 5: ADOPTING AN ABUNDANCE MIND-SET
- Page 93: I would constantly coach men on the subject, and the biggest issue they would have is that they could not get out of their own heads because they lacked abundance. Every girl was treated like she was the last girl on the planet, which in turn made the guys in the situation extremely awkward and nervous.
- Page 95: However, before I get started I want to share with you a universal truth. Money is repulsed by people with a scarcity mind-set.
- PILLAR 6: FORGETTING “WHAT IF” AND FOCUSING ON “WHAT IS”
- Page 109: This is what the sixth pillar is all about. In order to reach your goals, you have to take a certain number of steps (actions) to get there. By taking these steps, you will naturally run into problems. But, as we all know by now, the best way to learn is to experience something yourself.
- Page 115: From now on, you must believe that the definition of a mistake is, “A lesson that will make you money in the future,” instead of the traffic fighter definition of, “A reason not to take action.”
- Page 120: So, as a beginner, you must develop a system to keep you on track with your goal. You must also realize that you don’t have to do everything perfect the first time to eventually succeed. What you must first do is recognize your “absolute simple problem.” This is the problem that is stopping you from getting rich, and you need to identify it down to the simplest and easiest describable form. By doing this, it makes finding the solutions quite easy. For example, if you are starting a business where you need clients (which is all businesses, isn’t it?), you might be wondering how to get started. Do you learn selling, do you master providing the service, do you buy pretty business cards . . . where the heck do you start? You want to start at your biggest problem: getting paid. (I know we already went over this, but I’m going to repeat myself, like always, because I need you guys to truly understand this concept.) Now, how do you get paid? You get a client! The end. Your biggest issue is getting a client, and your only issue is getting a client to buy your product or service. Everything you do should be focused around this one outcome. Everything you learn should be focused around this one outcome. Instead of focusing on the what-if problems in the future that may never become a reality, you instead must focus on your current reality. You must focus on what-is. Your current what-is is you need to get paid. Period. You must solve this problem before ever wondering about what-ifs. Next, lay out the one thing you need to learn to do this. In this situation, it would be that you need to learn how to sell. Then, after that, identify three immediate actions you can start doing right now that can result in getting a client. These could be: Cold calling businesses. Emailing businesses. Attending business networking events. Then, you put all of this in an action paragraph. “My only issue is getting a client. I need to learn selling and only selling. I need to be cold calling businesses, e-mailing businesses, and attending business events at every possible opportunity I have.” That’s it. By doing this, there is very little room for what-ifs, because your focus is on the task at hand. If a what-if does creep into the equation, simply repeat your action paragraph to yourself and stick to it. Even if you mess up, sticking to the statement will eventually result in some form of success.
- PILLAR 7: MAPPING OUT ACTIONS THAT ACHIEVE GOALS
- Page 130: STEP 1: WHAT IS YOUR BIG GOAL?
- Page 133: STEP 2: WHAT ARE FIVE SMALLER GOALS YOU MUST ACHIEVE TO REACH YOUR BIG GOAL?
- Page 134: STEP 3: BREAK DOWN EACH OF THESE FIVE GOALS INTO EVEN SMALLER TASKS.
- Page 133: **(Once again, read this whole book first and then come back and complete this exercise so you have all the knowledge you need in order to do it correctly.)**
- Page 137: Literally the only thing left to do is to take the small actions you have laid out in this exercise and solve the problems they will naturally create. You have essentially built a train track to your goals. Instead of simply wanting them, you now know how to get them.
- PILLAR 8: FOCUSING SOLELY ON WHAT GETS YOU PAID
- Page 144: When many people get started, they are all over the place with their actions. They are reading self-help books, doing research on ten different things at once, and essentially flopping around like a horny fish. Their actions are very ineffective because they are not doing what will actually make them money. To repeat myself for the nine-hundredth time, you need to find out the one (or two or three) thing( s) that will make you money in your business.
- Page 145: Once you become successful, you might realize that the actions that used to make you rich will actually stop you from becoming richer. They might keep you at the same level of wealth, but always remember this fact: you can’t do the same things over and over again and expect different results.
- Page 151: See the pattern? Identify high ROI actions and remove low ROI actions from your daily routine. We can apply the exercise over and over again to obtain more and more money. When we are frustrated with our income and not sure how to increase it, we just need to write out our goals and identify which ones are not directly creating the ROI we need.
- PILLAR 9: PEOPLE GIVE MONEY TO PEOPLE THAT GET PEOPLE
- Page 154: In order to obtain any money at all, you need other people. More so, you need these people to want to give you their money. So, the true secret to making money is getting people to do what you want (which is to give you their money). To do this, you need to gain control over them or persuade them (in a good way).
- Page 157: IF YOU LEARN ONE THING, LEARN HOW TO SELL What you must understand is that at the core of gaining money, there is an interaction between two people.
- Page 162: As a beginner, there are two things you need to focus on right now: selling and being comfortable with people (and leading them to do things). If you can do these two things, you are going to have a hard time not succeeding.
- Page 162: **With that being said, I have included a list of the fifty best sales books ever written on my website, AlexBecker.org. Go check it out for my personal suggestions on what you should be reading.**
- Page 163: To become more comfortable with people, the only thing you need to do is force yourself into situations where you have to deal with people.
- Page 165: This is extremely hard to explain, but the biggest lesson I can teach you is that you must start thinking about people and their feelings as the biggest picture. You must think of how you present yourself to them and the emotions that are generated when they think about your brand.
- PILLAR 10: FINDING COMPETITIVE FRIENDS AND SUITABLE MENTORS
- Page 179: Competitive friends will give you the motivation to get through the minefield, yes. But only a mentor can get you through the minefield ten times faster and with one-tenth of the effort.
- Page 179: So what is a mentor anyway? A mentor is a person who has already accomplished what you want to accomplish and knows the problems you are going to run into. More importantly, they know the cheat codes to hack your way to the top as fast as possible.
- Page 179: mentor. A suitable mentor is someone who is a few steps ahead of you in business, making about ten times what you’re making. For example, if you were just beginning to learn how to play hockey, getting a lesson from Wayne Gretzky would be wasted on you. Wayne Gretzky knows how to play hockey at the highest possible level, and because of this, he would probably have trouble understanding (or remembering) the problems of a complete beginner.
- BONUS: STARTING YOUR OWN BUSINESS THE “RIGHT WAY”
- Page 195: CASH FLOW BUSINESSES (CF)
- Page 196: HIGH INVESTMENT SCALABLE BUSINESSES (HIS)
- Page 197: LONG-TERM INVESTMENT BUSINESSES (LTI)
- Page 201: Before we start: The best place to start a cash flow business right now is on the Internet (duh). Since the Internet is so vast, it is quite easy to start a business in any niche with a low budget and turn it into a large return business. I want to give you three good places to start looking.
- Page 201: 1. AFFILIATE MARKETING Affiliate marketing is where you sell another person’s products and collect a commission. For example, if I own a website where I review guitar strings and then send readers to buy the strings that I suggest using my affiliate link, the guitar string company would send me a commission. Another example would be if I somehow sent traffic to a company’s acne product. If people buy the product, the acne company would pay me a commission. All you have to do is sign up for the company’s affiliate program before you start selling, and they give you your own special link to use for their product that will track your commission.
- Page 202: 2. INFO MARKETING
- Page 203: 3. MARKETING, CONSULTING, AND DIRECT-SELLING BASED SERVICES. Out of the three suggestions for CF businesses, I recommend this one the most often.
- Page 204: Fortunately, if a CF business fails, you don’t lose much. If you start off with an HIS or LTI business, you will probably fail too, but the difference with these businesses is that there is usually a ton of money on the line. If you fail at a CF business, the only consequences are minor embarrassment and learning some necessary lessons (and maybe losing $ 100). What you want to do is get used to running and growing your business when the odds are low, which is why starting with a CF business is perfect. Your CF business is going to teach you what you need to know to grow larger businesses and turn you into a hardened businessperson because you have to be completely self-dependent. After a year or two of constant action, you will be able to sell the hell out of anything.
- Page 211: I want you to understand that starting an LTI business without ever having a CF business is difficult. Say you wanted to buy a bar for $ 1 million, but you don’t have any CF money to spend, so you raise some money and take out loans to buy it. Since this bar is worth $ 1 million, you will likely make a profit of $ 200,000 a year, which means it will take you at least five years to pay off your debt. However, if you already have $ 5 million lying around that you made from your CF business, parking it in five bar businesses that make you $ 1 million a year combined is smart and easy.
- Page 206: **In fact, I kept my job at this agency until I was making $ 20,000 a month from my online businesses because I liked to play it safe. After quitting my job, though, I reached $ 50,000 a month (net) within about two months’ time and then over $ 100,000 a month (net) shortly after.**
### Summary
Honestly, much better than I was expecting. I only know about Alex Becker from his YouTube videos, and I thought he was a little uptight/arrogant. His book, however, was very actionable and sound (when comparing to a lot of the other, more well-known wealth books). I can't attest to the success of his methods, but the principle of honing the craft of building wealth by creating businesses and getting better over time is something I'm excited to adopt.
### Key Takeaways
- PILLAR 1: REJECTING GETTING RICH SLOW
- Page 36: Before I get into anything, I need you to understand one thing. Getting rich quickly is extremely low risk for one and only one reason. YOU CONTROL EVERYTHING.
- Page 37: So, the three key ideas to take away from this are: You control your life. You can get better at anything. You are allowed to fail.
- Page 44: Entrepreneurs understand that the more you work at something (including making money), the better you will get. Failing a few times is common, but if you learn from these failures and figure out why those attempts didn’t succeed, you will eventually hit your target. And the good news is you only need to hit your target once to be rich for life.
- PILLAR 2: SEPARATING TIME FROM MONEY
- Page 50: Instead of spending our time working, we should spend our time creating systems that do the work for us.
- Page 52: Your first goal when separating time from money is to simply find a process that works. For example, if you are trying to sell real estate, your first step is to create a sales process that works. Then, after you have a process that works, you need to find a way to separate your time by automating as much of your business as possible so that you’re not being paid for the time you spend working.
- PILLAR 3: ACCEPTING THAT YOU MUST BE BETTER THAN EVERYONE ELSE
- Page 68: So, how do you get the result of incredible wealth? You create a business that is better than 99 percent of other businesses. And how do you create a great and successful business? The answer: You believe and accept the fact that you have to be great.
- Page 70: Eventually, if you work hard enough at something, you will become good—dare I say great—at it. Then it will be much easier to accept the fact that you are great.
- Page 73: On top of this, when you combine this pillar with the others, you can become wealthy without taking blind risks, because you will understand how money works. Once you learn about money and business, these risks will actually become opportunities.
- PILLAR 4: KNOWING EVERY LITTLE THING IS 100% YOUR FAULT
- Page 82: But who would you rather be, the person who is dead but blame-free or the person who is alive but accepts all the blame?
- Page 82: Let me repeat that again. In business, no matter whose “fault” it is, you will be the one who pays the price. The only way to prevent this is by always pointing the finger at yourself so you think about ways to take control away from other people or variables.
- Page 88: Tiny rant: I see this all the time. People want to start a business, but they cannot leave their current job because their lifestyle is too expensive. News flash: get a cheap apartment and a cheap, beat-up car, and you can live off $ 600 a month if you wanted. If you want major change in your life, you cannot be living the same life you have right now. That might be extreme if you have a family or student loans, but there are almost definitely a few expenses that you could cut back on. Spend less money at the grocery store, stop going out to eat, don’t buy new clothes for the next six months, shop at thrift stores instead of department stores, cancel Netflix, go to the library instead of buying books every week, etc.
- PILLAR 5: ADOPTING AN ABUNDANCE MIND-SET
- Page 93: I would constantly coach men on the subject, and the biggest issue they would have is that they could not get out of their own heads because they lacked abundance. Every girl was treated like she was the last girl on the planet, which in turn made the guys in the situation extremely awkward and nervous.
- Page 95: However, before I get started I want to share with you a universal truth. Money is repulsed by people with a scarcity mind-set.
- PILLAR 6: FORGETTING “WHAT IF” AND FOCUSING ON “WHAT IS”
- Page 109: This is what the sixth pillar is all about. In order to reach your goals, you have to take a certain number of steps (actions) to get there. By taking these steps, you will naturally run into problems. But, as we all know by now, the best way to learn is to experience something yourself.
- Page 115: From now on, you must believe that the definition of a mistake is, “A lesson that will make you money in the future,” instead of the traffic fighter definition of, “A reason not to take action.”
- Page 120: So, as a beginner, you must develop a system to keep you on track with your goal. You must also realize that you don’t have to do everything perfect the first time to eventually succeed. What you must first do is recognize your “absolute simple problem.” This is the problem that is stopping you from getting rich, and you need to identify it down to the simplest and easiest describable form. By doing this, it makes finding the solutions quite easy. For example, if you are starting a business where you need clients (which is all businesses, isn’t it?), you might be wondering how to get started. Do you learn selling, do you master providing the service, do you buy pretty business cards . . . where the heck do you start? You want to start at your biggest problem: getting paid. (I know we already went over this, but I’m going to repeat myself, like always, because I need you guys to truly understand this concept.) Now, how do you get paid? You get a client! The end. Your biggest issue is getting a client, and your only issue is getting a client to buy your product or service. Everything you do should be focused around this one outcome. Everything you learn should be focused around this one outcome. Instead of focusing on the what-if problems in the future that may never become a reality, you instead must focus on your current reality. You must focus on what-is. Your current what-is is you need to get paid. Period. You must solve this problem before ever wondering about what-ifs. Next, lay out the one thing you need to learn to do this. In this situation, it would be that you need to learn how to sell. Then, after that, identify three immediate actions you can start doing right now that can result in getting a client. These could be: Cold calling businesses. Emailing businesses. Attending business networking events. Then, you put all of this in an action paragraph. “My only issue is getting a client. I need to learn selling and only selling. I need to be cold calling businesses, e-mailing businesses, and attending business events at every possible opportunity I have.” That’s it. By doing this, there is very little room for what-ifs, because your focus is on the task at hand. If a what-if does creep into the equation, simply repeat your action paragraph to yourself and stick to it. Even if you mess up, sticking to the statement will eventually result in some form of success.
- PILLAR 7: MAPPING OUT ACTIONS THAT ACHIEVE GOALS
- Page 130: STEP 1: WHAT IS YOUR BIG GOAL?
- Page 133: STEP 2: WHAT ARE FIVE SMALLER GOALS YOU MUST ACHIEVE TO REACH YOUR BIG GOAL?
- Page 134: STEP 3: BREAK DOWN EACH OF THESE FIVE GOALS INTO EVEN SMALLER TASKS.
- Page 133: **(Once again, read this whole book first and then come back and complete this exercise so you have all the knowledge you need in order to do it correctly.)**
- Page 137: Literally the only thing left to do is to take the small actions you have laid out in this exercise and solve the problems they will naturally create. You have essentially built a train track to your goals. Instead of simply wanting them, you now know how to get them.
- PILLAR 8: FOCUSING SOLELY ON WHAT GETS YOU PAID
- Page 144: When many people get started, they are all over the place with their actions. They are reading self-help books, doing research on ten different things at once, and essentially flopping around like a horny fish. Their actions are very ineffective because they are not doing what will actually make them money. To repeat myself for the nine-hundredth time, you need to find out the one (or two or three) thing( s) that will make you money in your business.
- Page 145: Once you become successful, you might realize that the actions that used to make you rich will actually stop you from becoming richer. They might keep you at the same level of wealth, but always remember this fact: you can’t do the same things over and over again and expect different results.
- Page 151: See the pattern? Identify high ROI actions and remove low ROI actions from your daily routine. We can apply the exercise over and over again to obtain more and more money. When we are frustrated with our income and not sure how to increase it, we just need to write out our goals and identify which ones are not directly creating the ROI we need.
- PILLAR 9: PEOPLE GIVE MONEY TO PEOPLE THAT GET PEOPLE
- Page 154: In order to obtain any money at all, you need other people. More so, you need these people to want to give you their money. So, the true secret to making money is getting people to do what you want (which is to give you their money). To do this, you need to gain control over them or persuade them (in a good way).
- Page 157: IF YOU LEARN ONE THING, LEARN HOW TO SELL What you must understand is that at the core of gaining money, there is an interaction between two people.
- Page 162: As a beginner, there are two things you need to focus on right now: selling and being comfortable with people (and leading them to do things). If you can do these two things, you are going to have a hard time not succeeding.
- Page 162: **With that being said, I have included a list of the fifty best sales books ever written on my website, AlexBecker.org. Go check it out for my personal suggestions on what you should be reading.**
- Page 163: To become more comfortable with people, the only thing you need to do is force yourself into situations where you have to deal with people.
- Page 165: This is extremely hard to explain, but the biggest lesson I can teach you is that you must start thinking about people and their feelings as the biggest picture. You must think of how you present yourself to them and the emotions that are generated when they think about your brand.
- PILLAR 10: FINDING COMPETITIVE FRIENDS AND SUITABLE MENTORS
- Page 179: Competitive friends will give you the motivation to get through the minefield, yes. But only a mentor can get you through the minefield ten times faster and with one-tenth of the effort.
- Page 179: So what is a mentor anyway? A mentor is a person who has already accomplished what you want to accomplish and knows the problems you are going to run into. More importantly, they know the cheat codes to hack your way to the top as fast as possible.
- Page 179: mentor. A suitable mentor is someone who is a few steps ahead of you in business, making about ten times what you’re making. For example, if you were just beginning to learn how to play hockey, getting a lesson from Wayne Gretzky would be wasted on you. Wayne Gretzky knows how to play hockey at the highest possible level, and because of this, he would probably have trouble understanding (or remembering) the problems of a complete beginner.
- BONUS: STARTING YOUR OWN BUSINESS THE “RIGHT WAY”
- Page 195: CASH FLOW BUSINESSES (CF)
- Page 196: HIGH INVESTMENT SCALABLE BUSINESSES (HIS)
- Page 197: LONG-TERM INVESTMENT BUSINESSES (LTI)
- Page 201: Before we start: The best place to start a cash flow business right now is on the Internet (duh). Since the Internet is so vast, it is quite easy to start a business in any niche with a low budget and turn it into a large return business. I want to give you three good places to start looking.
- Page 201: 1. AFFILIATE MARKETING Affiliate marketing is where you sell another person’s products and collect a commission. For example, if I own a website where I review guitar strings and then send readers to buy the strings that I suggest using my affiliate link, the guitar string company would send me a commission. Another example would be if I somehow sent traffic to a company’s acne product. If people buy the product, the acne company would pay me a commission. All you have to do is sign up for the company’s affiliate program before you start selling, and they give you your own special link to use for their product that will track your commission.
- Page 202: 2. INFO MARKETING
- Page 203: 3. MARKETING, CONSULTING, AND DIRECT-SELLING BASED SERVICES. Out of the three suggestions for CF businesses, I recommend this one the most often.
- Page 204: Fortunately, if a CF business fails, you don’t lose much. If you start off with an HIS or LTI business, you will probably fail too, but the difference with these businesses is that there is usually a ton of money on the line. If you fail at a CF business, the only consequences are minor embarrassment and learning some necessary lessons (and maybe losing $ 100). What you want to do is get used to running and growing your business when the odds are low, which is why starting with a CF business is perfect. Your CF business is going to teach you what you need to know to grow larger businesses and turn you into a hardened businessperson because you have to be completely self-dependent. After a year or two of constant action, you will be able to sell the hell out of anything.
- Page 211: I want you to understand that starting an LTI business without ever having a CF business is difficult. Say you wanted to buy a bar for $ 1 million, but you don’t have any CF money to spend, so you raise some money and take out loans to buy it. Since this bar is worth $ 1 million, you will likely make a profit of $ 200,000 a year, which means it will take you at least five years to pay off your debt. However, if you already have $ 5 million lying around that you made from your CF business, parking it in five bar businesses that make you $ 1 million a year combined is smart and easy.
- Page 206: **In fact, I kept my job at this agency until I was making $ 20,000 a month from my online businesses because I liked to play it safe. After quitting my job, though, I reached $ 50,000 a month (net) within about two months’ time and then over $ 100,000 a month (net) shortly after.**
May 13, 2021
A1 Book
Definitely a good read, best book I read on wealth and rich mentality, when starting your own business and wanting to be financially free.
Definitely a good read, best book I read on wealth and rich mentality, when starting your own business and wanting to be financially free.
May 30, 2016
The bible for solo entrepreneurs and growth minded businesses
Some things really hit home and unsettled me in the book. In a good way.
I'm a reasonable successful entrepreneur who works from home and have a handful of employees. However, I have hit a plateau and needed a wake up call. This book was it.
I've started taking massive action already, and I already made over 20 times what the book cost me, on the very day I started reading it (I focused on what mattered and contacted an old client and made a sale...one of the pillars in this book)
Simple but full of wisdom at the same time. Game. Changer. Go get it.
Some things really hit home and unsettled me in the book. In a good way.
I'm a reasonable successful entrepreneur who works from home and have a handful of employees. However, I have hit a plateau and needed a wake up call. This book was it.
I've started taking massive action already, and I already made over 20 times what the book cost me, on the very day I started reading it (I focused on what mattered and contacted an old client and made a sale...one of the pillars in this book)
Simple but full of wisdom at the same time. Game. Changer. Go get it.
July 30, 2021
Absolute crap written by a supremely arrogant individual
May 9, 2024
The main message of Alex's book is that creating wealth comes down to:
- adopting the right mindsets and taking specific actions,
rather than relying on luck or talent.
The book outlines 10 key principles or "pillars" that can help shift your thinking and behaviors towards building wealth quickly through entrepreneurship, rather than slowly through traditional employment.
1 - Reject Getting Rich Slow:
Becker argues that getting rich slowly through a job is riskier and less fulfilling than entrepreneurship, which allows you to "get rich quickly" while having control over your life.
2 - Separate Time From Money:
Build systems that generate income without directly trading your time, such as automated businesses or passive income streams.
3 - Accept That You Must Be Better Than Everyone Else:
Develop superior skills and expertise in your field to outcompete others and provide exceptional value.
4 - Every Little Thing Is 100% Your Fault:
Take full responsibility for your life and outcomes, without blaming external factors.
5 - Adopt An Abundance Mindset:
Believe there is an abundance of wealth to be acquired, rather than a scarcity mindset that limits your potential (focusing your energy on defensive and saving strategies).
6 - Forgetting "What If" And Focusing On "What Is":
Take action without dwelling on hypothetical scenarios, and focus on executing the tasks at hand.
7 - Map Out Actions That Achieve Goals:
Clearly define your goals and create a step-by-step plans to achieve them.
8 - Focus Solely on What Gets You Paid:
Prioritize income-generating activities over busywork that doesn't contribute to your bottom line.
9 - People Give Money To People That Get People:
Develop skills in persuasion, marketing, and understanding human psychology to effectively sell products or services.
10 - Find Competitive Friends and Suitable Mentors:
Surround yourself with driven, ambitious people who will motivate and support your wealth-building efforts.
Summary - shift your mindset away from conventional paths to wealth, take full control through entrepreneurship, continuously improve your skills, take massive action.
- adopting the right mindsets and taking specific actions,
rather than relying on luck or talent.
The book outlines 10 key principles or "pillars" that can help shift your thinking and behaviors towards building wealth quickly through entrepreneurship, rather than slowly through traditional employment.
1 - Reject Getting Rich Slow:
Becker argues that getting rich slowly through a job is riskier and less fulfilling than entrepreneurship, which allows you to "get rich quickly" while having control over your life.
2 - Separate Time From Money:
Build systems that generate income without directly trading your time, such as automated businesses or passive income streams.
3 - Accept That You Must Be Better Than Everyone Else:
Develop superior skills and expertise in your field to outcompete others and provide exceptional value.
4 - Every Little Thing Is 100% Your Fault:
Take full responsibility for your life and outcomes, without blaming external factors.
5 - Adopt An Abundance Mindset:
Believe there is an abundance of wealth to be acquired, rather than a scarcity mindset that limits your potential (focusing your energy on defensive and saving strategies).
6 - Forgetting "What If" And Focusing On "What Is":
Take action without dwelling on hypothetical scenarios, and focus on executing the tasks at hand.
7 - Map Out Actions That Achieve Goals:
Clearly define your goals and create a step-by-step plans to achieve them.
8 - Focus Solely on What Gets You Paid:
Prioritize income-generating activities over busywork that doesn't contribute to your bottom line.
9 - People Give Money To People That Get People:
Develop skills in persuasion, marketing, and understanding human psychology to effectively sell products or services.
10 - Find Competitive Friends and Suitable Mentors:
Surround yourself with driven, ambitious people who will motivate and support your wealth-building efforts.
Summary - shift your mindset away from conventional paths to wealth, take full control through entrepreneurship, continuously improve your skills, take massive action.
December 1, 2023
A "candy" read
Nothing majorly new just automation amd hustle stuff
Some points from the book
This is one of the reasons why I believe many people get rich. They get so freaking sick of their life situations that they have to go against what has been ground into their heads their entire lives. They cannot bear continuing life the way it is. Then, once they find out how to make money, they can’t bear not making more.
At this point, Jordan’s time no longer played any part whatsoever in the equation of wealth. He set up a system (more like a machine) that ran and generated wealth no matter what he was doing with his own time.
when we want to get rich quickly, the first step is setting up a business in which we can separate our time from money. Instead of trying to increase the value of our time like many people do, we need to spend our time creating a machine like Jordan that generates income regardless of our time. Unlike you, your machine can work an almost infinite number of hours and complete an infinite amount of tasks thanks to employees and technology.
Instead of spending our time working, we should spend our time creating systems that do the work for us. This term is often referred to as passive income. Passive income is income that our machine generates once it is built and is completely separated from our time. In short, this means you will be generating money even if you’re blackout drunk at a rock concert.
Nothing majorly new just automation amd hustle stuff
Some points from the book
This is one of the reasons why I believe many people get rich. They get so freaking sick of their life situations that they have to go against what has been ground into their heads their entire lives. They cannot bear continuing life the way it is. Then, once they find out how to make money, they can’t bear not making more.
At this point, Jordan’s time no longer played any part whatsoever in the equation of wealth. He set up a system (more like a machine) that ran and generated wealth no matter what he was doing with his own time.
when we want to get rich quickly, the first step is setting up a business in which we can separate our time from money. Instead of trying to increase the value of our time like many people do, we need to spend our time creating a machine like Jordan that generates income regardless of our time. Unlike you, your machine can work an almost infinite number of hours and complete an infinite amount of tasks thanks to employees and technology.
Instead of spending our time working, we should spend our time creating systems that do the work for us. This term is often referred to as passive income. Passive income is income that our machine generates once it is built and is completely separated from our time. In short, this means you will be generating money even if you’re blackout drunk at a rock concert.
January 3, 2024
Really compelling read about the new way to build wealth and making money - which requires counter intuitive thinking compared to the rules of yesterday.
The author, whom is obviously speaking from a place where he’s done everything he preached and Tron what I’ve seen of him online - (he walked the walk - as well as talk the talk) gives important insight and blueprint on succeeding in business in respect to the world we live in today - making this wisdom more relevant than before - in a way that’s easy to understand and enjoyable to learn.
To Our Continued Success!
Seemy
Waseem.tv/Blog
👆🏼 P.S -
If you found this review helpful - I’d like to invite you to discover more on our blog. Where the community share some of our most important insights to level up each others knowledge 💡- from experience in studying books like this, training programs, podcasts and much more - visit the blog link above to find out more.
P.P.S 😅 - You probably noticed from my profile that I’ve reviewed a LOT of books over the years now - if you love seeking knowledge like me I’d love to connect with you further as a like minded person (send me a friend invite! 😀) - Also if you are curious - here is my preferred and recommended resource for seeking timeless wisdom - Check it out via the website invite link below 👇🏼 (You’ll be able to claim some awesome books for free 📚)
https://Waseem.tv/GoodReadsBookInvite
The author, whom is obviously speaking from a place where he’s done everything he preached and Tron what I’ve seen of him online - (he walked the walk - as well as talk the talk) gives important insight and blueprint on succeeding in business in respect to the world we live in today - making this wisdom more relevant than before - in a way that’s easy to understand and enjoyable to learn.
To Our Continued Success!
Seemy
Waseem.tv/Blog
👆🏼 P.S -
If you found this review helpful - I’d like to invite you to discover more on our blog. Where the community share some of our most important insights to level up each others knowledge 💡- from experience in studying books like this, training programs, podcasts and much more - visit the blog link above to find out more.
P.P.S 😅 - You probably noticed from my profile that I’ve reviewed a LOT of books over the years now - if you love seeking knowledge like me I’d love to connect with you further as a like minded person (send me a friend invite! 😀) - Also if you are curious - here is my preferred and recommended resource for seeking timeless wisdom - Check it out via the website invite link below 👇🏼 (You’ll be able to claim some awesome books for free 📚)
https://Waseem.tv/GoodReadsBookInvite
March 3, 2022
Gran parte del libro se siente como un tipo presuntuoso que presume de lo que ha logrado y viene a compartirte su ideología para ser millonario. Resulta enfadoso, más que molesto esa actitud de hombre blanco a la Tim-Ferris que pareciera proponer que todo se adecúe a su manera de hacer las cosas sin consciencia de todas las asunciones falsas que hace en el camino (presumiendo de paso que es totalmente lógico).
Con todo, fue más soportable que Tim Ferris. Y si logras soportar su estilo bravucón de escritura, puedes encontrar algo de valor, sobre todo en los pilares 6,7 y 8. De no ser por esos capítulos, pensaría que el libro fue una pérdida de tiempo.
Claro, esta serie de "mandamientos", son conceptos que puedes encontrar en otros libros del estilo, pero su manera de ponerlo, al menos me hizo sentido a mí. Por alguna razón su escritura agresivahizo que me molestara que el tipo tuviera razón en un punto ciego que flaqueaba.
No creo que sea una lectura imprescindible, pero con paciencia puedes encontrar el contenido que encuentras en otras partes de una manera más "directa".
Con todo, fue más soportable que Tim Ferris. Y si logras soportar su estilo bravucón de escritura, puedes encontrar algo de valor, sobre todo en los pilares 6,7 y 8. De no ser por esos capítulos, pensaría que el libro fue una pérdida de tiempo.
Claro, esta serie de "mandamientos", son conceptos que puedes encontrar en otros libros del estilo, pero su manera de ponerlo, al menos me hizo sentido a mí. Por alguna razón su escritura agresivahizo que me molestara que el tipo tuviera razón en un punto ciego que flaqueaba.
No creo que sea una lectura imprescindible, pero con paciencia puedes encontrar el contenido que encuentras en otras partes de una manera más "directa".
March 31, 2022
In the 10 Pillars of Wealth, the author - Alex Becker, really tries to not make the book sound like a get-rich-quick scheme, but, in my opinion, fails. There are a lot of examples of Alex and his friends making millions of dollars from their businesses, which don't really sound genuine. Having said that, the 10 pillars which Alex has identified make a lot of sense and without the fluff around them are a sound piece of advice. If you are going to get rich following, I don't know.
I would recommend this book after you have read a few other books on the topic. If you go straight to The 10 Pillars of Wealth, I am afraid that you will get lost. Chances are that you would pick up this book because you would like to become an entrepreneur, but it will not be enough to take you off the ground.
What I took from this book were the 2nd (separate time from money) and the 5th (adopt an abundance mindset) pillars. I think the Alex described really well these two principles and that really resonated with me.
I would recommend this book after you have read a few other books on the topic. If you go straight to The 10 Pillars of Wealth, I am afraid that you will get lost. Chances are that you would pick up this book because you would like to become an entrepreneur, but it will not be enough to take you off the ground.
What I took from this book were the 2nd (separate time from money) and the 5th (adopt an abundance mindset) pillars. I think the Alex described really well these two principles and that really resonated with me.
This entire review has been hidden because of spoilers.
November 5, 2018
Alex Becker is not trying to be a self-help author.
Which is a smart idea, because that would have failed. What he did was what any author should do: he spoke to everything he knows about the topic of mindset in wealth building, real practical ideas that anyone can take and run with, and makes everything very simple.
He's also a pretty funny guy. It comes through in his writing as much as it does in his videos. I think this is surprisingly something I will come back to and listen to again, which is very rare for me to do with a self-help book let alone an audiobook.
Worth it if you want ideas on how you can become an entrepreneur as a full-time worker including real business models and insight on different levels of entrepreneurship, company start-ups, and wealth building. 4/5 stars only because I wish there were more anecdotes. There are some in there but those are the most interesting parts to me in these types of books.
Which is a smart idea, because that would have failed. What he did was what any author should do: he spoke to everything he knows about the topic of mindset in wealth building, real practical ideas that anyone can take and run with, and makes everything very simple.
He's also a pretty funny guy. It comes through in his writing as much as it does in his videos. I think this is surprisingly something I will come back to and listen to again, which is very rare for me to do with a self-help book let alone an audiobook.
Worth it if you want ideas on how you can become an entrepreneur as a full-time worker including real business models and insight on different levels of entrepreneurship, company start-ups, and wealth building. 4/5 stars only because I wish there were more anecdotes. There are some in there but those are the most interesting parts to me in these types of books.
September 7, 2020
This is a quick read. Very nice to go through once. The author gives a lot of good advice and provides realistic examples. What I liked about this book is that it was motivational in a sense: It gives you practical ideas that help you believe becoming wealthy is possible. I also like his writing style. Though many of the pillars were familiar to me, he makes them concrete. One of my favorite concepts is the idea of tackling "what is" instead of "what if," meaning that when starting a business, you should focus on the problems you have now instead of worrying about potential future problems. Also, the chapter about focusing on what get's you paid and delegating is super helpful, and his last chapter breaking down different types of business is a helpful guide to brainstorm about how to start or scale your business to maximize profits.
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