The World's Best Book Summaries
What bank accounts does The Barefoot Investor recommend? What is the purpose of these accounts? In The Barefoot Investor, Scott Pape recommends opening five bank accounts: two checking accounts, two savings accounts, and a backstop account. Besides helping you organize your income and spending, opening these accounts will save you money on banking fees. Here are some recommendations for opening The Barefoot Investor bank accounts.
Why did Michelle Obama give up her high-paying job as a corporate lawyer? How did Michelle’s relationship with Barack influence this decision? At 26, Michelle Obama was on track to become an equity partner at her corporate law firm. She was career-driven and disinterested in relationships. However, when she met the new summer associate, Barack Obama, everything changed. They started dating and Michelle started to question her career path. Keep reading to learn about Michelle Obama’s major career changes.
What is the history of Loudcloud? How did the company go from raking in money to almost bankrupt in a matter of years? How did they manage to survive the dotcom crash? In 1999, Ben Horowitz and Marc Andreessen founded Loudcloud. The company took off running, leading to exponential growth. Then, as quickly as it grew, Loudcloud almost went bankrupt. They were forced to go public and make big company changes. Read on to learn more about the history of Loudcloud.
What is the Law of Value from the Five Stratospheric Laws of Success? How does Joe from the Go-Giver learn about the law? The Law of Value says that how much more you give others in value than you receive in payment defines your worth. Joe learns that you should give, not as a strategy, but as a way of life. Continue on to learn more about The Law of Value and how Joe applies it in The Go-Giver.
What happened when Disney bought Fox? How did Comcast almost steal the sale? In 2017, the founder of Fox asked the CEO of Disney if he would be interested in buying his company. Disney CEO Bob Iger knew if Disney bought Fox, they would grow exponentially. However, Comcast caught wind of the transaction and swooped in with a much higher bid. Keep reading to learn how Disney bought Fox and won against Comcast.
What was Donald Trump’s Cincinnati project? What made it a success? The tale of Donald Trump and Cincinnati begins at a foreclosure action in 1964, where he and his father bought the Swifton Village property for $6 million. In 1972, they sold the Swifton for $12 million, walking away with a nearly $6 million profit because they had little debt and were bringing in $700,000 a year in rents. Read about Donald Trump’s Cincinnati project.
How and when did Disney buy Pixar? Why was Disney’s CEO Bob Iger so adamant on making the deal? In 2005, Disney was struggling. It had not released any blockbuster titles in years and was being outshined by other studios. Bob Iger had only just been named CEO but he knew that in order for Disney to thrive, it would have to take some huge risks. That’s why Disney bought Pixar. Keep reading to learn about Bob Iger’s fight when Disney bought Pixar.
Who were the Theranos investors? How did Theranos and Elizabeth Holmes use psychological biases to convince investors to hand over their money? The Theranos investors included business powerhouses like Henry Kissinger and George Shultz. These people gave more legitimacy to the business, and psychological biases helped convince them that Elizabeth Holmes and Theranos were on their way to the top. Read more about the Theranos investors and how Holmes was able to deceive them.
Do you have an unhealthy relationship with money? Do you carry a fear or loathing of money in an attempt to show integrity? In an effort to make money an inconsequential part of life, you can end up thinking about it more than someone who actually has it. Instead, we need to nurture our relationship with money just like any other relationship. Keep reading to learn how you can improve your relationship with money.
Do you want to manifest more money but you don’t know how? Do you want a step-by-step guide on how to reach your monetary goals? There are five steps to help put yourself in the best shape possible to manifest more money: get a sense of urgency, raise your own bottom line, envision your new life, take action, and learn more. But first, you need to be clear about the life you want to live, how much money it will take to live it, and how it will make you feel. Read on to find out about the five steps