The World's Best Book Summaries
Why donate to charity? What causes should you support? Do you think everyone who can afford it should donate a portion of their income to charity? Though growing your wealth is a worthy goal, so is sharing your wealth to help make the world a better place. Not only does it benefit charitable causes, but it is also deeply rewarding for you. Read about the benefits of sharing your wealth through tithing.
How do investors make money in the stock market? What factors do they use to base their investment decisions? According to economist Tim Harford, stock market psychology is a nearly random walk that trends upwards. A report that says that stock prices will go up tomorrow, for example, will make stock prices go up today because people will buy them expecting them to go up tomorrow. In this article, we’ll explain the basics of stock market trading, how prices are valued, and how investors decide what stocks to invest in.
Do you find that money is hard to come by? Do you try to hold on to every dollar and almost never splurge to treat yourself? Where do you think these limiting money beliefs come from? Making enough money to enjoy the lifestyle you want can help you feel successful. But it’s easy to let limiting money beliefs and unhelpful behavior gets in the way. In this article, you’ll learn how to change your thinking to better position yourself for financial success.
Do you want to make more money without piling on overtime? What is the best way to increase your income? To build your wealth, you can either spend less of your earnings or earn more. Earning more is better because it allows you to save money for retirement while not having to forgo things you want to buy in the present. This article offers some suggestions for how to increase your income.
How do economies work? What are the universal principles that apply to all economies of the world? In his book The Undercover Economist, Tim Harford provides a clear and down-to-earth explanation of how an economy works. He distills seven basic economic principles and illustrates how they manifest in real-world economies. Keep reading to learn about Tim Harford’s economic principles: scarcity, price targeting, externalities, missing information, the stock market, game theory, and globalization.
What does clarity mean in the context of sales? What are the seven components of clarity? Daniel Pink, sales guru and author of To Sell Is Human, puts high importance on the new ABCs of selling: attunement, buoyancy, and clarity. There are seven components to clarity and if you master them, you will be able to close more sales. Here is what Daniel Pink says about clarity in sales.
What is crowdfunding and how does it work? What are the best websites to crowdfund a project or a business venture? Crowdfunding is a way of raising money for a project or a business venture from a large number of people, each contributing a small amount. Typically, crowdfunding is done on the crowdfunding internet platforms such as indiegogo and seedinvesttechnology. So what is crowdfunding and how does it work? Read more about tips and strategies to effectively raise money through crowdfunding and familiarize yourself with different crowdfunding platforms.
Would you say you are a responsible spender? Do you tend to live above, below, or just in line with your means? How can you get better at conscious spending? It’s common to think that being successful means living a lavish lifestyle and not having to think about what you spend money on. Though living the lifestyle you want while investing and growing your wealth is an admirable goal, it’s still important to learn how to consciously spend money. Keep reading for tips on developing a conscious spending mindset.
What can you learn from reading The Undercover Economist? What are the main takeaways from the book? The Undercover Economist by Tim Harford will help you think like an economist without boring you with endless graphs or complex math. You’ll learn why you make the economic decisions that you do and what happens when the basic economic principles that efficiently govern much of the world break down. Below is a brief overview of Tim Harford’s The Undercover Economist.
Do you save money? At what age do you think you should start saving for retirement? What’s the importance of saving money? Many people balk at the idea of consistently saving money. They may be deeply in debt or may not think saving is important. Though saving money may not seem important, it’s necessary to ensure you have enough money to retire comfortably. This article discusses the importance of saving money and how to do it to be able to recover comfortably.