Showing posts with label dave ramsey. Show all posts
Showing posts with label dave ramsey. Show all posts

The 10 Laws of Enduring Success Review

The 10 Laws of Enduring Success
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The 10 Laws of Enduring Success ReviewAs an instructor, I am always asked by students and peers "what are you reading?" and "Why do you like it?" Most of the books I read for professional purposes are around decision making, emotional intelligence, and on commodities, such a crude oil or cocoa. It's great to read a book that can benefit a wide array of people from diverse backgrounds - white or blue collar. This is such a book and I heartily recommend it.
Despite what you may think, Bartiromo is from a very humble, working-class background, having been raised in Bay Ridge, Brooklyn. She had a vision for what she wanted, followed her heart, and made it happen with a lot of love and support from her parents Josephine and Vincent, and from her sister who she is very close with.
With Catherine Whitney, Bartiromo has written a compelling case for not feeling sorry for yourself and taking control of where you want to be in your life. The book is full of candor not normally associated with someone who you'd consider "image-conscious."
I wrote an article about Bartiromo and 10 Laws at the Huffington Post. Below are the first three paragraphs:
A good teacher will help aggregate information and condense it for you in an organized manner. A great teacher will passionately help you discover the ability you have inside yourself and help you culture that pearl, so that your feelings and intellect become your allies.
Such is the approach Maria Bartiromo has taken in her new book, 10 Laws of Enduring Success, written with Catherine Whitney. The book details the events that Bartiromo had to overcome and the manner in which she had to persist from her days as a young girl in Brooklyn, to becoming the woman the world knows her as today.
The result is an inspiring and highly motivational book that is perfectly timed for today's business environment. It doesn't pander to her constituents on Wall St. either: it's equally motivating to white and blue collars - and especially to women. While reading it, I kept thinking how this book reminded me of 2 other inspiring reads I recommend to my students: Napolean Hill's "Think and Grow Rich" and Stephen Covey's "Seven Habits of Highly Effective People."
You can read the rest of my article How Maria Bartiromo May Become The Best Teacher You've Ever Had at the Huffington Post.
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The Total Money Makeover with Deluxe Executive Envelope System Review

The Total Money Makeover with Deluxe Executive Envelope System
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The Total Money Makeover with Deluxe Executive Envelope System ReviewI enjoy discussions about my finances about as much as I enjoy talking about my weight. I certainly need to work on both, but I'd prefer to avoid the topics if at all possible, thank you very much. Can I get an "amen"?
Dave Ramsey, radio talk show host, author and all-around financial guru, is no stranger to this ostrich routine. After his own bankruptcy he came to the conclusion that the key to financial (and physical) fitness isn't knowing all the tricks of the money trade; it's being honest with yourself. "If I can control the guy in the mirror, I can be skinny and rich," he says in his new book THE TOTAL MONEY MAKEOVER.
In other words, you have to get your head out of the sand. Okay, I have to get my head out of the sand.
Leaving the skinny to other books, Ramsey is a prophet to those who want to be rich but would settle for being financially stable. It's clear that this is a large group, given the popularity of Ramsey's radio show and books. After reading THE TOTAL MONEY MAKEOVER, I can see why they flock to him for advice.
Ramsey's principles are simple and straightforward. Pay cash. Pay off debts from smallest to largest. Create an emergency fund. He provides easy-to-understand answers to many seemingly complex questions about budgeting, retirement funds, saving for college education, and more.
Large pullout quotes scattered throughout the book offer bite-sized financial advice and factoids in Ramsey's typically direct manner:
"A new $28,000 car will lose about $17,000 of value in the first four years you own it. To get the same result, you could toss a $100 bill out the window once a week during your commute."
"Looking to spend $100 per month on life insurance? You could pay $7 a month toward term insurance and invest the remaining $93. But go with a cash-value policy if you'd rather have someone else earn interest on your investments."
"49% of Americans could cover less than one months' expenses if they lost their income."
"If your mortgage payment is $900 and the interest portion is $830, you will pay that year around $10,000 in interest. What a great tax deduction! Right? Otherwise, you'd pay $3,000 in taxes on that $10,000. But who in their right mind would chose to trade $10,000 for $3,000?"
All of this advice is helpful and eye opening, but what Ramsey really excels at is presenting inspirational tales of those who were once, but are no longer, in financial disarray. Their stories make up at least a third of the book, and the cumulative effect is that of a published pep rally designed to get people pumped up about saving money. And it works.
This is a must-read book for anyone whose looking for a little basic financial information and a whole lot of courage to finally put away the ostrich suit.
--- Reviewed by Lisa Ann CockrelThe Total Money Makeover with Deluxe Executive Envelope System Overview

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EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches Review

EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches
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EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches ReviewEven though I'm not a businessman, I'm very interested in leadership and have read a lot of works on leadership. I've also learned so much from Dave Ramsey's Financial Peace University that I thought surely Dave's newest work, "EntreLeadership" would be worth my money.
"EntreLeadership," is a good book on leadership in business. But I don't feel it's a great one. He has, as always, a lot of good practical knowledge that he's willing to share with us. But it's usually not something I haven't read elsewhere in books on leadership or related literature. So, yes, the book's probably worth buying, but it didn't seem to be as excellent in its genre as is Dave's "Financial Peace." There is a lot of excellent basic material here on leadership, goals, organization, working with people, etc. But it's not especially original or compelling. And it's not very in-depth, largely because Dave deals with so many topics all in one book. Still, "EntreLeadership" is a good, one-stop place for good, basic advice on many subjects related to leadership and business. Almost everyone will find something of value in it, especially businessmen looking for a proven, practical vision with integrity.
What Dave shares in this book is his "playbook" for business success, divided up into 15 topics.
Dave sets out first to define what an "EntreLeader" is. It's kind of an ugly word, but Dave feels that what he wanted in business from himself and others was people who had the good characteristics of both leaders and entrepreneurs. So what is an EntreLeader? I'm glad you asked! According to Dave, they're people who can be:
Passionately serving
Mavericks who have integrity
Disciplined risk takers
Courageous while humble
Motivated visionaries
Driven while loyal
Influential learners
Dave concludes Chapter 1 by discussing some of the characteristics of leaders, such as power, the need to be servants, and passion. There's some good stuff here, but it's not really original or uniquely compelling.
In Chapter 2, Dave walks us from Dreams to Visions to Mission Statements and Goals. Again, there's good wisdom here, but it's not really unique, and he doesn't spend a lot of time on each. He spends the most time on goals (I won't rehearse what he says here), and it's good material that almost anyone will benefit from. But once again, it's not groundbreaking or original stuff you can't get elsewhere.
Chapter 3 deals with time management and organization. This is something I'm naturally good enough at but not nearly as good as I ought to be. So I learned some new tricks in this chapter - or, more accurately - was motivated to make a better effort to apply what I already know.
The rest of the chapters follow suit in giving good and even excellent advice, but possibly material you've heard before. I have less experience with business than with leading or dreaming, so I can't speak as specifically to the parts that deal specifically with business (such as Chapters 7, 13, and 14). But from what I can tell, they're good solid material for running a business, if that's what I did. I particularly like the chapter on selling (such as Chapters 7, 8, 11, and 12) because in these chapters Dave shows how business can be done with integrity. I like as well the way that throughout he demonstrates a genuine interest in the people who work for him (this especially came out in a touching story in Chapter 7 about someone Dave hired who couldn't live off the salary he could afford to pay her) and those he is serving. These chapters, dealing with people, are probably his strongest chapters because he highlights the need to serve the people around you and not exalt yourself at their expense.
A lot of what Dave says applies, even if you're not in business. For example, any leader can benefit from Dave's philosophy in Chapter 11 that as leaders we must put people first and that the way to judge this is by the Golden Rule. It's good advice to remember, as he teaches in Chapter 12, that we should remember to recognize people. I know that personally, I thrive on appropriate and deserved recognition. In Chapter 12, Dave provides a list of various ways we can actually do this for others. Most of these, such as casting a vision, storytelling, passion, and example, are ways of recognizing others that you could use outside of business, too.
There's much more I could say, but by now you've gotten an idea of the value of the book.
The remainder of the book is organized this way (I'm giving the gist of each chapter, and not the fancy titles):
Chapter 4 - Making Decisions
Chapter 5 - Great Marketing
Chapter 6 - Launching Your Dream
Chapter 7 - Hiring and Firing
Chapter 8 - Selling by Serving
Chapter 9 - Financial Peace for Business
Chapter 10 - Great Communication and Great Companies
Chapter 11 - People Matter Most
Chapter 12 - Recognizing and Inspiring Employees
Chapter 13 - Contracts, Vendors, and Collections
Chapter 14 - Compensation Plans
Chapter 15 - Delegating
I recommend "EntreLeadership" as a good, big picture, book that will help leaders and businessman lead and innovate with greater integrity and skill.
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The Barefoot Executive: The Ultimate Guide for Being Your Own Boss and Achieving Financial Freedom Review

The Barefoot Executive: The Ultimate Guide for Being Your Own Boss and Achieving Financial Freedom
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The Barefoot Executive: The Ultimate Guide for Being Your Own Boss and Achieving Financial Freedom ReviewI have read several books in this category have not generally been blown away, but The Barefoot Executive was completely underwhelming. I am not sure how this book received so many 4- and 5-star reviews. In my reading there was virtually no substance or back up for anything Wilkerson posits. The only reason that this book receives two stars from me opposed to one is that the author does include some fairly uplifting stories and the book is pretty positive in general. Unfortunately these notions are easily overshadowed by a lack of any real information in the book. After reading the book I still couldn't tell you what Wilkerson does or what any of these "multiple revenue streams" entail. I can however tell you that she has battled with a weight problem since she was a child ... not the reason I bought this book. On a more positive note I do appreciate how Wilkerson encourages people to take personal responsibility for taking control of their own lives, whether professionally or personally. That being said maybe some of the most rudimentary attitudes about how to approach starting a new business are covered in this book, but in my opinion these could be covered much more efficiently in a 10 page paper opposed to a 200+ page book.
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