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5 Books You Must Read if You Want to Be a Millionaire in Your 20’s

5 Books You Must Read if You Want to Be a Millionaire in Your 20’s

Millionaires and billionaires read more than you think. In fact, the likes of Warren Buffet are said to read 1.000 pages a day. As the old saying goes “There’s no smoke without fire”; so, start off with these 5 incredible books!

1. The 48 Laws of Power

48-laws-of-power

    “If you are unsure of a course of action, do not attempt it. Your doubts and hesitations will infect your execution. Timidity is dangerous: Better to enter with boldness. Any mistakes you commit through audacity are easily corrected with more audacity. Everyone admires the bold; no one honors the timid.”

    On your journey to becoming a millionaire in your 20’s, there will be many people trying to manipulate you into doing what they want. This international bestseller by Robert Greene is the widely read by those in the entertainment industry because of its dog-eat-dog environment. This book is a must-read for anybody who wants to claim power and keep it. it’s a fun read that tells the story of some of the most powerful people in history.

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    An example of a law of power is: Always say less than necessary.

    • When trying to impress, the more you say the more common you look and less in control.
    • Be vague.
    • Powerful people impress and intimidate by saying less.

    2. Influence: The Psychology of Persuasion

    influence-the-psychology-of-persuasion

      “Often we don’t realize that our attitude toward something has been influenced by the number of times we have been exposed to it in the past.”

      This book explains the core strategies people use to influence others using real world examples. Robert Cialdini’s book goes over human quirks like the need to be consistent, and how you can use that in your marketing strategy to make more money. “People’s ability to understand the factors that affect their behaviour is surprisingly poor,” Cialdini says, “which leads to people making poor decisions without realising why.”

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      Cialdini includes real world examples of why people join cults, buy certain jewellery, or give to charity.

      3. Blue Ocean Strategy

      blue-ocean-strategy

        “Value innovation is the cornerstone of blue ocean strategy. We call it value innovation because instead of focusing on beating the competition, you focus on making the competition irrelevant by creating a leap in value for buyers and your company, thereby opening up new and uncontested market space. Value innovation places equal emphasis on value.”

        This book argues that leading companies don’t succeed by battling competitors in “Red Oceans”, but by creating “Blue Oceans” where they have uncontested market space to grow. It goes over case studies like “Cirque Du Soleil” who created a blue ocean by creating a circus platform that didn’t include animals or more than one act on at once but instead, decided to focus on talented performers and music who created a mystical storyline.

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        4. The Fountainhead

        the-fountainhead

          “A man’s spirit is himself. That entity which is his consciousness. To think, to feel, to judge, to act are functions of the ego.”

          The Fountainhead takes place in the United States, mostly in New York City, during the 1920s and 1930s. Billionaire Mark Cuban named his yacht “Fountainhead” after this book. This classic novel is about the struggles of an innovative architect named Howard Roark and his effort to achieve success on his own terms. Many entrepreneurs are inspired by this book because it depicts how you should be uncompromising when it comes to your vision and your goals. If you follow this way of life, you develop the ability to change the world and creating something unique.

          5. The Compound Effect

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          the-compound-effect

            “Do you know how the casinos make so much money in Vegas? Because they track every table, every winner, every hour. Why do Olympic trainers get paid top dollar? Because they track every workout, every calorie, and every micronutrient for their athletes. All winners are trackers.”

            This book is by Darren Hardy the CEO of Success Magazine, he goes over how it’s the small, seemingly insignificant choices that compound to create success or failure over time. No one has a plan to be broke and fat but that’s what happens when you don’t have a plan and go along the path of least resistance. Hardy argues that you cannot improve something until you measure it and to always take 100 percent responsibility for everything that happens to you.

            So, those are five books you must read if you want to give it a try to become a millionaire in your 20’s. What are the best books you have ever read? Leave a comment and share these life-changing books with your friends to help them become successful like you.

            Featured photo credit: Bill Gates Foundation via businessinsider.com

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            Last Updated on March 12, 2019

            20 Inspiring Vision Statement Examples (2019 Updated)

            20 Inspiring Vision Statement Examples (2019 Updated)

            There is normally a lengthy list of things you need to consider when starting a business, and if you don’t manage them properly, your excitement can quickly turn into overwhelm. What can support you to stay inspired and on the right track when starting out? You guessed it: this is your vision statement.

            What Is a Vision Statement?

            A vision statement is like a photograph of your future business, which gives your business shape and direction.

            A vision statement provides the direction and describes what the founder wants the organization to achieve in the future; it’s more about the “what” of a business. It is different from a mission statement, which describes the purpose of an organization and more about the “how” of a business.

            If you were to take a photo of your future business now, what would it look like? What do you want your business to be recognized for one day?

            You need to have a crystal clear vision when you start out, otherwise you can get easily lost in deciding the best way forward. When you are making strategic decisions for your business and even daily operation decisions, your vision statement will give you the inspiration and targeted direction you need.

            The Importance of a Vision Statement

            Without a vision statement, your business will lack motivation to keep going.

            If you don’t aim for anything, you might not hit anything. The more specific and clear you are, the better your chances are at seeing your vision turn into reality.

            The importance of a vision statement cannot be overlooked; not only does it provide long term direction and guidance, but it also gives you the inspiration and the necessary energy to keep going when you feel lost.

            Always keep your vision statement alive by revisiting it regularly and communicating your vision with other members of the team, to inspire and motivate them as well.

            How to Craft an Inspiring Vision Statement

            1. Dream big and use clear language

            An inspiring vision statement should inform a clear direction and priorities for the organization, while challenging all the team members to grow together. Based on our expert sources’ advice, we’ve got some great tips for you:

            • Imagine how you want the business to be like in five to ten years.
            • Infuse the business’ values in the statement.
            • Make sure that the statement is implying a clear focus for the business.
            • Write your vision statement in the present tense.
            • Use clear and concise language.
            • Ensure the statement is easily understood.

            There are many different types of vision statements and there is no wrong or right way to do it. The most important thing is to resonate with it. It will always inspire you and give you a clear targeted direction.

            2. Get inspirations from the successful companies.

            Having researched on a number of successful companies’ vision statements, I’ve shortlisted 20 good examples for the new startups:

            Short vision statements made up of a few words only:

            1. Disney

            To make people happy.

            2. Oxfam

            A just world without poverty.

            3. Ikea

            To create a better every day life for the many people.

            Quantitative statements are based on numbers, quantities:

            4. Microsoft

            Empower every person and every organization on the planet to achieve more.

              5. Nike

              Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)

                Qualitative statements are based on qualities that you want to have:

                6. Ford

                People working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership.

                7. Avon

                To be the company that best understands and satisfies the product, service and self-fulfillment needs of women—globally.

                Competitor based statements – this type is becoming less common, but famous examples are:

                8. Honda – in 1970

                We will destroy Yamaha.

                9. Nike – in 1960s

                Crush Adidas.

                  10. Philip Morris – in 1950s

                  Knock off RJR as the number one tobacco  company in the world.

                  Role Model Vision Statements – using another company as an example:

                  11. Stanford University – in the past

                  To become the Harvard of the West.

                  12. Reach for Success – in the past

                  To become the next Tony Robbins in self development.

                  Internal Transformations vision statements:

                  13. Apple

                  To produce high-quality, low cost, easy to use products that incorporate high technology for the individual.

                  14. Giro Sport Design

                  To make sure that riding is the best part of a great life.

                  15. Tesla

                  To accelerate the world’s transition to sustainable energy.

                  16. Sony

                  To be a company that inspires and fulfills your curiosity.

                  17. Facebook

                  To give people the power to share and make the world more open and connected.

                    Longer and more detailed vision statement:

                    18. Walmart

                    To give customers a wide assortment of their favorite products, Every Day Low Prices, guaranteed satisfaction, friendly service, convenient hours (24 hours, 7 days a week) and a great online shopping experience.

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                    19. Coca Cola

                    To achieve sustainable growth, we have established a vision with clear goals:

                    Profit: Maximizing return to share owners while being mindful of our overall responsibilities.

                    People: Being a great place to work where people are inspired to be the best they can be.

                    Portfolio: Bringing to the world a portfolio of beverage brands that anticipate and satisfy peoples; desires and needs.

                    Partners: Nurturing a winning network of partners and building mutual loyalty.

                    Planet: Being a responsible global citizen that makes a difference.

                      20. Heinz

                      Our VISION, quite simply, is to be: “The World’s Premier Food Company, Offering Nutritious, Superior Tasting Foods To People Everywhere.” Being the premier food company does not mean being the biggest but it does mean being the best in terms of consumer value, customer service, employee talent, and consistent and predictable growth.

                      The Bottom Line

                      Remember, always keep your vision statement up-to-date to direct your company’s actions.

                      Remember, once you reach your vision, it needs to be changed. General Motors overtook Ford as #1 automotive company in the world because once Ford’s goal was reached, they never updated it.

                      Keep your vision statement alive and visibly in front of you, revisit it and let it help direct your actions and activities. This is the fun part: this is where you get to dream really big and allow your imagination to fly as high as you want.

                      Don’t hold back, let your creative juices flow and give yourself permission to explore what is possible for your business.

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                      To your success!

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