The World's Best Book Summaries
What does it mean to pay yourself first? How can paying yourself help you build wealth? The definition of “pay yourself first” means to invest in assets and other strategies that can help generate wealth, BEFORE paying your bills. The idea of “pay yourself first” will help create more wealth in the long and short term.
What is the Rich Dad, Poor Dad rat race? Does the book tell you how to escape in? In Rich Dad, Poor Dad, the rat race is the never ending cycle of earning money and owing money, so you get caught in a loop and never truly do what you want to do in life. The Rich Dad, Poor Dad rat race is the thing that drove the author to the Rich Dad’s financial philosophy; to generate enough wealth to achieve financial independence.
Scope creep is the tendency for companies to extend their product to do more than it really should. Managing scope creep is vital for building an enduring, successful business strategy. By effectively managing scope creep, you can help your business grow without risking loss of identity or your business plan.
What is the threat of new entrants? What does it mean for your business? The threat of new entrants is the possibility of new, direct competitors to your business. As one of the five forces, the threat of new entrants is a critical concern for many businesses, especially in fast-changing industries.
Who were Henrietta Lacks’ children? How did they cope with the tragic death of their mother? What happened to Henrietta Lacks’ kids as they got older? Henrietta Lacks’ children are Lawrence, Elsie, Sonny, Deborah, and Joe. After her death, Henrietta Lacks’ kids were cared for in part by cousins that turned out to be abusive. Read about Henrietta Lacks’ children, what happened to them in the decades after she passed, and how the use of HeLa cells affected them.
Who was Dr. Sir Lord Keenan Kester Cofield? Was he really a doctor? Was he really a lawyer? Was he really a member of the aristocracy? Sir Lord Keenan Kester Cofield was just a conman, who claimed to be related to Henrietta Lacks. He posed as both a lawyer and a doctor after already serving time in prison for fraud. Learn more about Sir Lord Keenan Kester Cofield, his cons, and his many lawsuits.
What are real assets, and why do you need them? Part of achieving financial independence is learning the anwswer to the question what are real assets? As you explore what real assets are, you’ll find out how to build long term wealth.
What is the threat of substitutes? What does Porter’s five forces threat of substitutes mean for businesses? The threat of substitutes is one of Porter’s five forces that explains how other products might threaten your product. Even products and services in adjacent industries can threaten your strategy if your customers can substitute competing products for yours.
How have HeLa cells been used to understand viruses? What is the connection between HeLa cells, HPV, and cancer progression? Did Henrietta suffer from HPV-18? HPV-18 is a particularly severe form of HPV. After examining original tissue from Henrietta Lacks, HPV of this strain was found. Studies of HeLa cells and HPV can explain the fatal progression of Henrietta Lacks’s cancer. Read more about HeLa cells, HPV, and theories about immortality using HeLa cells.
What does achieving financial independence mean? And what steps can you take? Achieving financial independence is not as difficult as you think. In fact, achieving financial independence takes just a few steps.