The World's Best Book Summaries
Do you want to know how to increase your income? What kinds of businesses will make you rich? In his book, The Millionaire Fastlane, entrepreneur and millionaire MJ DeMarco says that the fastest way to become rich is by creating a business that generates passive income—and then compounding that income. However, not all businesses will make you rich. Here are DeMarco’s seven methods for dramatically increasing your income.
Have your life goals changed over the years? Do you have the same goals you did 10 or 20 years ago? A fact of life is that goals change over time. However, people often deny this fact and try to plan for the future as if nothing will change. That’s why Morgan Housel, the author of The Psychology of Money, says that you should make a financial plan that is flexible. Here’s why you should have finances that can change with your life.
What is Transactional Analysis? Why do humans crave recognition? What are the three ego states? Transactional Analysis is a psychoanalytic theory and a method of analyzing social interactions. At its heart is the concept of the three ego states: the adult, the child, and the parent. Keep reading to learn about the Transactional Analysis theory and how to use it to analyze interactions.
Do you find small talk awkward and uncomfortable? What are the benefits of small talk? What makes small talk different from friendly conversations? In his book Games People Play, Dr. Eric Berne analyzes human social interactions in order to better understand why people act the way they do. One subject he went into detail on was that of small talk. Keep reading to learn about the benefits of small talk.
Why do they say “money can’t buy you happiness”? Did you know that statement is fundamentally wrong? In his book The Psychology of Money, Morgan Housel explains that money buys you control over time, which is the key driver of happiness. When you have control over how you spend your time, you can spend it on things that bring your happiness. Here’s why money is happiness if used responsibly.
What is pathos? How can you use pathos to strengthen a persuasive argument? In a persuasive argument, pathos is when you appeal to your audience’s emotions to make them feel a certain way about your cause. The best way to do this is to tell a vivid story. Here’s how to use pathos to persuade an audience.
What is Eric Berne’s transactional analysis theory? What was Berne’s goal in developing his theory? In his book Games People Play, Eric Berne explains his approach to understanding social interaction: Transactional Analysis. Berne’s goal wasn’t just to analyze human interactions, but to discover destructive patterns so people can realize what games they’re playing (intentional or not) and improve their relationships with others. Let’s take a look at the key tenets of Berne’s theory.
What is logos in the context of persuasion? How can you use logos to evaluate an argument? Logos is used in persuasive arguments to convey logic and reason. Alternatively, you can use logos to evaluate an argument. There are three aspects of a rhetorical fallacy that you should keep an eye out for: weak proof, a bad conclusion, or a proof-conclusion disconnect. Here’s how to evaluate an argument and identify faulty logic using logos.
Does fear of uncertainty hold you back from investing? Are you nervous about putting your money in a long-term investment account, not knowing how much it will grow? According to Morgan Housel, the author of The Psychology of Money, investment uncertainty holds many people back. However, the longer you put off investing due to fear, the smaller your returns will be. Here’s why accepting uncertainty is key to achieving long-term investing success.
What is social programming? Where does social programming stem from? In his book Games People Play, Dr. Eric Berne says that people play different kinds of social games depending on their social programming. This programming can come from multiple sources including culture and genetics. Here’s how social programming drives social interactions.