Tuesday, June 19, 2007

Recommended Reading – “Secrets of Self-Made Millionaires” by Adam Khoo

Among all the financial and business books I have read, this is one of them I like the most. Well, not to say I don’t like other books or they are not as good, but this is special… well at least for me…haha. =)

Adam Khoo is one of Singapore’s youngest self-made millionaires. He is an entrepreneur, a best-selling author and a peak performance trainer. He is also the CEO of Adam Khoo Learning Technologies Group Pte Ltd, one of Asia’s Largest Public Training Companies and Education Group. Before this he is also the best-selling author of “I Am Gifted, So Are You!”, “How To Multiply Your Child’s Intelligence”, “Clueless in Starting a Business” and “Master Your Mind, Design Your Destiny”. However, this is his first book that I read and it really inspired me.

Basically the content of this book is divided into SEVEN sections:

1. Seven Steps to Financial Abundance
2. Cash Flow Strategies of The Rich
3. How to Massively Increase Your Income
4. Creating Multiple Streams of Income Online
5. Managing Money and Controlling Expenses
6. Building Your Million-Dollar Net Worth and
7. Your Millionaire Master Plan

This book emphasize on how we can actually build our million-dollar net worth starting from scratch using an ultimate asset that all of us possess, which is OUR MIND! Every chapter is full with steps… well not steps, or should I say values that we need to practice in our daily life that can affect our ideas, our decisions and our actions. There are many ideas suggested in the book that we can actually apply practically to get a better control on our own finance, or maybe generate extra income from internet businesses for other beneficial purposes.

This book also emphasize on the importance of investing for individuals in order to survive today and in the future. It explains what are the elements that we need to know before investing and why only some investors make money from the market, while many do not. By using some simple calculations and free tools from the internet, we can actually have a rough idea on how a particular company is doing, how’s its past performance and determine if the stock is overvalued or undervalued at that particular moment.

Frankly I don’t think I can list the whole content of the book here. For those of you who are just starting to build your financial plan, even for those who are already on your way to financial abundance, this is the book I highly recommend to you… who knows you might be able to generate some new ideas from it that worth you millions? =)

p/s: I’m now waiting to get a hold on his new book, “Secrets of Millionaire Investors”…

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