How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 24 | location 314-315 | Added on Wednesday, 14 October 2020 22:27:14 you need to act on it. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 28 | location 373-374 | Added on Wednesday, 14 October 2020 23:02:31 ‘It is not because things are difficult that we dare not venture. It is because we dare not venture that they are difficult.’ ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 38 | location 516-517 | Added on Thursday, 15 October 2020 07:23:50 no company should ever be worth 25 times the value of its sales or a few hundred ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 38 | location 516-517 | Added on Thursday, 15 October 2020 07:24:06 no company should ever be worth 25 times the value of its sales or a few hundred times the value of its profits. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 51 | location 690-690 | Added on Thursday, 15 October 2020 14:00:25 There is safety in the herd. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 71 | location 944-946 | Added on Saturday, 17 October 2020 16:44:53 This is because developed countries were obviously the first to industrialize, and they used their technological and military superiority to build empires and take a great deal more than their ‘fair share’. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 71 | location 943-946 | Added on Saturday, 17 October 2020 16:45:15 For centuries, markets for all of these things were completely dominated by people from developed countries. This is because developed countries were obviously the first to industrialize, and they used their technological and military superiority to build empires and take a great deal more than their ‘fair share’. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 89 | location 1195-1196 | Added on Sunday, 18 October 2020 12:01:07 As a basic rule of thumb, this includes many financial assets, shares, precious (monetary) metals, commodities and property. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 102 | location 1362-1363 | Added on Sunday, 18 October 2020 12:25:38 to build wealth you must always be thinking about comparative value and purchasing power. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 106 | location 1420-1421 | Added on Sunday, 18 October 2020 12:36:12 A simple calculation of the real return you make on your property is: net rental yield + capital gain – inflation. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 118 | location 1583-1584 | Added on Sunday, 18 October 2020 15:55:38 attempt to prevent money from flowing out of the country!). The ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 118 | location 1584-1585 | Added on Sunday, 18 October 2020 15:55:56 The only way for a country to combat this reality is by inventing money to buy their own bonds. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 118 | location 1584-1585 | Added on Sunday, 18 October 2020 15:56:39 The only way for a country to combat this reality is by inventing money to buy their own bonds. This is essentially what ‘quantitative easing’ (QE) is. As ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 118 | location 1586-1586 | Added on Sunday, 18 October 2020 15:57:23 Higher real inflation means lower real returns on assets priced in the currency that is deflating. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 119 | location 1595-1596 | Added on Sunday, 18 October 2020 16:00:30 If there is less money available in any market, then the price of that asset class will fall, all other things being equal. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 119 | location 1601-1602 | Added on Sunday, 18 October 2020 16:01:11 You must always be thinking about the relative merits of an investment at any given time in your life. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 120 | location 1614-1616 | Added on Sunday, 18 October 2020 16:05:01 Human beings are inherently reluctant to acknowledge when they have made a loss. We are hardwired this way. This is why many people doggedly hold on to shares that are worth much less than they bought them for, instead watching them fall further and further. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 121 | location 1628-1632 | Added on Sunday, 18 October 2020 16:08:10 sellers are forced to accept the lower prices due to personal circumstances such as losing their job (or dying – increasing death rates are bearish for property as they often imply that more property will be put up for sale. With our ageing population, this will be another key factor in the next few decades.) You can see that in the second scenario prices may often fall significantly in a short space of time, as waves of sellers finally cave in to lower prices. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 121 | location 1630-1632 | Added on Sunday, 18 October 2020 16:08:26 decades.) You can see that in the second scenario prices may often fall significantly in a short space of time, as waves of sellers finally cave in to lower prices. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 121 | location 1628-1630 | Added on Sunday, 18 October 2020 16:08:37 sellers are forced to accept the lower prices due to personal circumstances such as losing their job (or dying – increasing death rates are bearish for property as they often imply that more property will be put up for sale. With our ageing ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 121 | location 1628-1631 | Added on Sunday, 18 October 2020 16:08:45 sellers are forced to accept the lower prices due to personal circumstances such as losing their job (or dying – increasing death rates are bearish for property as they often imply that more property will be put up for sale. With our ageing population, this will be another key factor in the next few decades.) ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 126 | location 1708-1710 | Added on Sunday, 18 October 2020 16:31:49 you buy a property at a historically high price, then you will almost certainly have been better off renting. Recent changes to stamp duty in the UK have reinforced this reality. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 126 | location 1708-1710 | Added on Sunday, 18 October 2020 16:31:57 If you buy a property at a historically high price, then you will almost certainly have been better off renting. Recent changes to stamp duty in the UK have reinforced this reality. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 126 | location 1708-1710 | Added on Sunday, 18 October 2020 16:32:10 If you buy a property at a historically high price, then you will almost certainly have been better off renting. Recent changes to stamp duty in the UK have reinforced this reality. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 126 | location 1708-1710 | Added on Sunday, 18 October 2020 16:32:19 If you buy a property at a historically high price, then you will almost certainly have been better off renting. Recent changes to stamp duty in the UK have reinforced this reality. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 126 | location 1708-1709 | Added on Sunday, 18 October 2020 16:32:30 If you buy a property at a historically high price, then you will almost certainly have been better off renting. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 134 | location 1819-1820 | Added on Sunday, 18 October 2020 17:02:05 more old people than the rest of their society can afford. Sadly, this is happening all over the developed world. Modern ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 134 | location 1819-1820 | Added on Sunday, 18 October 2020 17:02:20 more old people than the rest of their society can afford. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 143 | location 1945-1945 | Added on Sunday, 18 October 2020 21:43:25 parlous ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 146 | location 1988-1989 | Added on Sunday, 18 October 2020 22:02:09 You constitute an exception to my ‘ISA over pension’ rule. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 162 | location 2220-2221 | Added on Sunday, 18 October 2020 23:49:31 At the simplest level, this means that the older you are, the more of your wealth you should hold in bonds and cash – and the younger you are, the more in shares (equities). ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 162 | location 2225-2227 | Added on Sunday, 18 October 2020 23:51:35 you need to ensure that you are aware of, and are exposed to, the other asset classes – particularly shares, bonds and commodities. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 164 | location 2249-2250 | Added on Monday, 19 October 2020 21:59:22 interest rate your bank is paying you (the ‘nominal rate’) and the interest rate your money is actually earning (the ‘real rate’). The difference is inflation. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 164 | location 2256-2256 | Added on Monday, 19 October 2020 22:02:31 When inflation is high and interest rates are low, real interest rates are negative. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 164 | location 2257-2258 | Added on Monday, 19 October 2020 22:02:58 real interest (return on cash) equals nominal interest (what your bank is paying you) minus inflation. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 164 | location 2258-2259 | Added on Monday, 19 October 2020 22:04:27 keep as much of your wealth as possible in assets that have a positive real return. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 171 | location 2343-2344 | Added on Tuesday, 20 October 2020 18:52:03 The next important thing to say about bonds and the bond market is that they are a government’s main source of money other than taxation. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 171 | location 2354-2354 | Added on Tuesday, 20 October 2020 18:53:15 There is basically no other way for a government to raise money other than from taxation or from selling bonds to investors. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 172 | location 2362-2363 | Added on Tuesday, 20 October 2020 18:55:30 bond is just a loan divided into lots of little pieces after all.) ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 173 | location 2375-2377 | Added on Tuesday, 20 October 2020 18:57:47 as we discussed in the sections on inflation earlier. As a reminder – if you double the supply of pounds, dollars, yen or euros but the supply of ‘stuff’ remains fixed, you will not create any more wealth but will, rather, simply double the price of everything, all other things being equal. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 180 | location 2482-2482 | Added on Tuesday, 20 October 2020 19:18:48 bonds have traditionally been viewed as the safest financial investment you can make – ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 180 | location 2483-2484 | Added on Tuesday, 20 October 2020 19:19:50 The downside is that the return you make is small. You might be paid just 2–3 per cent on your holdings in bonds. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 180 | location 2485-2486 | Added on Tuesday, 20 October 2020 19:20:24 If inflation is running at 5 per cent or more, for example, then you will be losing real wealth if you own bonds that yield less than 5 per cent. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 180 | location 2494-2496 | Added on Tuesday, 20 October 2020 19:34:14 Because their creation enabled large groups of people to pool resources and spread risk like never before. The ‘joint-stock company’ was brought into existence in the Netherlands and Britain in the early seventeenth century largely in order to fund the exploration and exploitation of the East Indies. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 181 | location 2499-2500 | Added on Tuesday, 20 October 2020 19:34:48 GNP (the nation’s total economic output/wealth). ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 181 | location 2504-2505 | Added on Tuesday, 20 October 2020 19:38:10 Someone buying a share would only be entitled to that percentage of any profits made. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 182 | location 2516-2517 | Added on Tuesday, 20 October 2020 19:39:44 stock market capitalism has had the added benefit of making the world far more peaceful as it has grown and spread. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 182 | location 2521-2523 | Added on Tuesday, 20 October 2020 19:41:14 Stock markets facilitate the sharing of risk between thousands of individuals and/or organizations, and allow the concentration of a sufficient amount of capital to be focused on one extremely complex task in order to get that task done. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 183 | location 2544-2546 | Added on Tuesday, 20 October 2020 19:46:16 In 1989, when the Sunday Times first published their ‘Rich List’ of the wealthiest 1,000 people in the UK, a very significant percentage of the list had inherited their wealth. In 2018, by contrast, 94 per cent of the people on the list had created their own. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 184 | location 2550-2551 | Added on Tuesday, 20 October 2020 19:49:57 1 Is this a good business (preferably a very good business)? 2    Am I paying the correct amount for my slice of this business? ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 184 | location 2554-2556 | Added on Tuesday, 20 October 2020 19:50:13 But finding a great company is only the first job. Working out what to pay for that company is the next task – and it’s the fundamentally more important one. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 185 | location 2574-2574 | Added on Tuesday, 20 October 2020 20:17:41 Remember that in essence a share entitles you to a percentage of the profits in a company. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 185 | location 2575-2576 | Added on Tuesday, 20 October 2020 20:18:17 Tesco or Sainsbury’s share ‘owns’ £1 of profit. We call this number ‘earnings per share’ (EPS). ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 185 | location 2576-2576 | Added on Tuesday, 20 October 2020 20:18:25 ‘earnings per share’ (EPS). ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 186 | location 2583-2584 | Added on Tuesday, 20 October 2020 20:19:53 A lower P/E ratio means that you are paying less for the same entitlement to profit. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 186 | location 2594-2595 | Added on Tuesday, 20 October 2020 20:22:37 TABLE 7.1 A comparison of Tesco, Sainsbury’s and Morrisons share values ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 187 | location 2596-2596 | Added on Tuesday, 20 October 2020 20:22:50 The P/E ratio is arguably the single most important thing you will ever learn about shares. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 188 | location 2609-2609 | Added on Tuesday, 20 October 2020 20:24:56 1 by the P/E ratio and multiplying it by 100 to get the percentage. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 188 | location 2608-2609 | Added on Tuesday, 20 October 2020 20:25:20 This is the earnings yield and it is easily calculated by simply dividing 1 by the P/E ratio and multiplying it by 100 to get the percentage. In the ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 188 | location 2608-2609 | Added on Tuesday, 20 October 2020 20:25:25 This is the earnings yield and it is easily calculated by simply dividing 1 by the P/E ratio and multiplying it by 100 to get the percentage. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 189 | location 2625-2627 | Added on Tuesday, 20 October 2020 20:29:40 The book value is simply the value of all the assets a business owns, as added up by their accountants, and it is yet another way we can compare the value of one share to another. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 189 | location 2627-2628 | Added on Tuesday, 20 October 2020 20:32:50 Imagine that a company has lots of property and lots of cash in the bank. If you own a share in that company, you effectively own a share in those assets – as well as a share of any profits. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 189 | location 2628-2630 | Added on Tuesday, 20 October 2020 20:33:03 The book value can be divided by the number of shares to give an idea of the value of existing assets that each share is entitled to. This ratio is called ‘price to book’. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 189 | location 2630-2632 | Added on Tuesday, 20 October 2020 20:34:18 it is entirely possible for some shares to be trading at less than book value. That is to say that if you bought that share and the company was then wound up (i.e. closed down), you would be entitled to more money back than you spent on your shares. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 190 | location 2638-2639 | Added on Tuesday, 20 October 2020 20:36:52 earnings yield (basically the amount of profit you are entitled to each year, expressed as a percentage of the price you paid for your shares). ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 190 | location 2643-2643 | Added on Tuesday, 20 October 2020 20:37:34 dividend yield is simply the percentage return you get if you divide the money you ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 190 | location 2643-2644 | Added on Tuesday, 20 October 2020 20:37:38 dividend yield is simply the percentage return you get if you divide the money you have invested in your shares by the money you get from your dividend. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 190 | location 2644-2645 | Added on Tuesday, 20 October 2020 20:38:59 When you look at a company, it is important to look at how much that company has traditionally paid out in dividends and what analysts think it might pay out in the future. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 190 | location 2650-2652 | Added on Tuesday, 20 October 2020 20:41:51 (e.g. compare the UK to the USA or Japan) or to the same market in other points in history. If we know that the P/E ratio or book value of a market is historically low, we have a much higher chance of making a great return on our money in the next few years ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 198 | location 2779-2779 | Added on Tuesday, 20 October 2020 21:23:45 use a tracker or index fund to own the FTSE 100 stocks, ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 199 | location 2782-2784 | Added on Tuesday, 20 October 2020 21:23:59 Passive funds are a cheaper way to invest than active funds and are a much easier (and cheaper) way to get exposure to a large number of shares than buying those shares individually. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 199 | location 2787-2789 | Added on Tuesday, 20 October 2020 21:25:06 The FTSE 100 is an index and is simply an invention of the London stock market; it adds up the price and size of the biggest 100 companies in the UK in order to generate a number, which is known as the ‘level’ of the FTSE 100. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 200 | location 2804-2805 | Added on Tuesday, 20 October 2020 21:27:43 tracker (or passive) fund for that index that will leave you the proud owner of shares in all of those companies for one transaction fee. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 200 | location 2809-2810 | Added on Tuesday, 20 October 2020 21:28:31 Faster-growing companies will often have faster-growing share prices, which means you may have the opportunity to make higher returns with successful smaller companies than with very large companies. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 201 | location 2819-2819 | Added on Tuesday, 20 October 2020 21:32:02 able to ‘buy’ these indices through a related passive fund. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 203 | location 2849-2850 | Added on Tuesday, 20 October 2020 21:47:04 ‘equal weighted’ fund. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 203 | location 2859-2860 | Added on Tuesday, 20 October 2020 21:50:19 The distinction between passive, active and smart beta funds is probably the most important thing to understand about funds. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 204 | location 2870-2871 | Added on Tuesday, 20 October 2020 21:52:07 Funds are basically purchased in one of two ways: they are either traded on the stock market, like a share, or they are not. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 205 | location 2884-2885 | Added on Tuesday, 20 October 2020 22:04:39 in an environment with 5 per cent or more inflation, the investor would need to see that share appreciate by at least 8 per cent before they were making a real return. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 205 | location 2886-2887 | Added on Tuesday, 20 October 2020 22:05:26 It is harder for a stockbroker to trade very large quantities of a share, ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 205 | location 2886-2886 | Added on Tuesday, 20 October 2020 22:05:33 it is no harder for a stockbroker to buy or sell £100,000’s worth of a stock than £1,000. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 205 | location 2886-2887 | Added on Tuesday, 20 October 2020 22:05:41 it is no harder for a stockbroker to buy or sell £100,000’s worth of a stock than £1,000. It is harder for a stockbroker to trade very large quantities of a share, but few private individuals would have enough to buy or sell ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 205 | location 2886-2887 | Added on Tuesday, 20 October 2020 22:05:52 it is no harder for a stockbroker to buy or sell £100,000’s worth of a stock than £1,000. It is harder for a stockbroker to trade very large quantities of a share, ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 206 | location 2900-2901 | Added on Tuesday, 20 October 2020 22:16:44 exchange traded funds and investment trusts. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 206 | location 2901-2901 | Added on Tuesday, 20 October 2020 22:16:57 ETFs are almost all passive funds. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 206 | location 2902-2903 | Added on Tuesday, 20 October 2020 22:18:40 Investment trusts, by contrast, tend to be active funds run by a fund manager with a particular focus such ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 206 | location 2902-2903 | Added on Tuesday, 20 October 2020 22:18:45 Investment trusts, by contrast, tend to be active funds run by a fund manager with a particular focus ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 207 | location 2915-2916 | Added on Tuesday, 20 October 2020 22:20:35 One final thing to be aware of in terms of how exchange traded funds and investment trusts are priced is that there is sometimes also an annual management fee ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 207 | location 2915-2917 | Added on Tuesday, 20 October 2020 22:20:42 One final thing to be aware of in terms of how exchange traded funds and investment trusts are priced is that there is sometimes also an annual management fee (the annual management charge, or AMC) on top of the commission you pay. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 193 | location 2686-2687 | Added on Wednesday, 21 October 2020 20:13:57 This has obviously had a huge impact on the market for all commodities, particularly those used in the automotive, rail and construction sectors. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 193 | location 2690-2691 | Added on Wednesday, 21 October 2020 20:14:32 as millions of new consumers grow up and become richer all over the world, the overall demand for all commodities will likely grow at a rate never seen before. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 194 | location 2714-2715 | Added on Wednesday, 21 October 2020 20:21:18 If you triple the supply of money but the supply of things is basically fixed, then the price of those things should triple, albeit with a time lag. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 195 | location 2721-2722 | Added on Wednesday, 21 October 2020 20:22:31 The great news is that there is something you can do about it: you can own commodities. I describe this as ‘owning inflation’. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 195 | location 2721-2721 | Added on Wednesday, 21 October 2020 20:22:36 own ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 197 | location 2763-2765 | Added on Wednesday, 21 October 2020 20:37:28 Active funds are funds where an individual (known as a fund manager) tries to use his or her skill to pick the best shares (or other assets such as bonds or commodities) to make the best return possible for investors in that ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 197 | location 2763-2765 | Added on Wednesday, 21 October 2020 20:37:43 Active funds are funds where an individual (known as a fund manager) tries to use his or her skill to pick the best shares (or other assets such as bonds or commodities) to make the best return possible for investors in that fund. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 198 | location 2765-2765 | Added on Wednesday, 21 October 2020 20:37:52 A fund of this type will usually be limited to investing in a certain type of asset class. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 198 | location 2766-2768 | Added on Wednesday, 21 October 2020 20:38:07 This limitation on what the fund manager can invest in is called a ‘mandate’. The mandate on any given fund describes the type of assets in which that fund manager can invest. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 198 | location 2768-2769 | Added on Wednesday, 21 October 2020 20:38:15 if the mandated asset class has a bad year, the fund manager is basically unable to get your money out of those assets and put it into something safer. Active ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 201 | location 2823-2825 | Added on Wednesday, 21 October 2020 20:50:16 property in Montenegro, diamonds – the list is very, very long), you will often be able to buy something that gives you financial exposure to that theme. Don’t forget, however, that you will need to buy into that something at the right price. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 201 | location 2820-2821 | Added on Wednesday, 21 October 2020 20:50:26 if you think biotechnology companies are likely to have a good time, you can own them via a biotech index. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 201 | location 2827-2828 | Added on Wednesday, 21 October 2020 20:51:44 if you think something will fall in value, you are often able to make money out of that too. This is called ‘shorting’. Essentially, shorting is a bet that something will go down instead of up. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 202 | location 2828-2829 | Added on Wednesday, 21 October 2020 20:52:11 if you believe that the German stock market will suffer due to a eurozone crisis, you can ‘short’ it. To do this, you buy a product that will make you money if the German stock market falls. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 202 | location 2838-2839 | Added on Wednesday, 21 October 2020 20:57:12 one problem with many tracker funds is that they are what is called ‘market cap weighted’. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 203 | location 2853-2854 | Added on Wednesday, 21 October 2020 21:00:58 In recent years winners have continued to win for an unprecedented period of time, as seen in the massive size of companies like Apple, Alphabet (Google) and Amazon.) ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 203 | location 2856-2857 | Added on Wednesday, 21 October 2020 21:01:21 New smart beta funds using dividend yield or other valuation metrics can show a meaningful improvement in annual returns over older, simpler passive funds. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 205 | location 2882-2884 | Added on Wednesday, 21 October 2020 21:05:20 It is also worth understanding that, with a 1.5 per cent fee to buy and sell, the investor would need to see a return of at least 3 per cent before they started to make any real money. Actually, as many of you will now realize, ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 206 | location 2907-2908 | Added on Wednesday, 21 October 2020 21:25:44 there are a number of firms in the UK market with whom you will only have to pay £1.50 per transaction, ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 206 | location 2907-2908 | Added on Wednesday, 21 October 2020 21:25:57 there are a number of firms in the UK market with whom you will only have to pay £1.50 per transaction, if you set up regular automated monthly payments into certain funds or shares. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 208 | location 2929-2929 | Added on Wednesday, 21 October 2020 21:28:52 unlisted fund (one that doesn’t trade like a share): ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 208 | location 2931-2932 | Added on Wednesday, 21 October 2020 21:29:11 is crucial that you understand all relevant fees and costs before you invest in anything. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 208 | location 2931-2932 | Added on Wednesday, 21 October 2020 21:29:20 It is crucial that you understand all relevant fees and costs before you invest in anything. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 210 | location 2955-2956 | Added on Wednesday, 21 October 2020 21:36:13 per cent or more, like some of the worst (and biggest) ones still do! Beware of any finance company that will not tell you what percentage of your money they charge each year. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 210 | location 2959-2960 | Added on Wednesday, 21 October 2020 21:37:33 nearly all funds will charge you an annual fee to cover the costs of running the fund. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 210 | location 2961-2962 | Added on Wednesday, 21 October 2020 21:37:48 you should always find out the total expense ratio or ongoing charges figure. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 210 | location 2963-2964 | Added on Wednesday, 21 October 2020 21:38:38 Many fund management groups do an impressive job at putting the Total Expense Ratio or Ongoing Charges Figure (TER/OCF) in the smallest of small print. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 210 | location 2967-2969 | Added on Wednesday, 21 October 2020 21:38:58 but you should check what percentage it is so you know how much of your money will be eaten up every year. Obviously, the lower it is the better. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 210 | location 2967-2970 | Added on Wednesday, 21 October 2020 21:39:49 but you should check what percentage it is so you know how much of your money will be eaten up every year. Obviously, the lower it is the better. To be clear – the OCF includes the AMC. A fund with a 0.9 per cent annual management charge and a 1.15 per cent OCF has an additional 0.25 per cent of costs ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 211 | location 2971-2973 | Added on Wednesday, 21 October 2020 21:40:02 A key point to make here is that, by law, any performance numbers that the fund publishes are after the OCF charges have been taken out. If a fund publishes that it made 10 per cent this year and has an OCF of 1 per cent, it actually made 11 per cent of investment return. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 211 | location 2981-2982 | Added on Wednesday, 21 October 2020 21:42:05 Shares often pay a dividend. If you own shares in a company, that company will pay out a proportion of its profits to its shareholders, usually twice a year. This is the dividend. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 211 | location 2986-2987 | Added on Wednesday, 21 October 2020 21:45:56 Unless you need the money, for example if you are retired, it is best to choose to own the accumulation fund. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 216 | location 3062-3063 | Added on Wednesday, 21 October 2020 21:58:30 is possible to make a very large amount of money in a short space of time if you trade derivatives successfully – arguably more so than with any other type of financial instrument. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 217 | location 3064-3065 | Added on Wednesday, 21 October 2020 21:58:44 the best way to trade them as a UK-based individual is by using a spread betting account. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 225 | location 3197-3198 | Added on Wednesday, 21 October 2020 22:20:37 As Warren Buffett has said: ‘Only when the tide goes out do you discover who has been swimming naked.’ ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 244 | location 3459-3460 | Added on Friday, 23 October 2020 20:35:56 Budget for your dream life – plan for the life that you actually want rather than the one you have today ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 244 | location 3465-3466 | Added on Friday, 23 October 2020 20:37:33 Then make another one that is what you would need to live the life of your dreams, as a source of inspiration and something to aim ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 244 | location 3465-3466 | Added on Friday, 23 October 2020 20:37:38 Then make another one that is what you would need to live the life of your dreams, as a source of inspiration and something to aim for. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 246 | location 3480-3482 | Added on Friday, 23 October 2020 20:39:42 once for your realistic expenditure at the moment given your current income and once for your dream life. How much would the mortgage or rent be on your dream home, for example? Or, in an ideal world, how much would you like to be able to spend on amazing holidays each year? ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 247 | location 3489-3490 | Added on Friday, 23 October 2020 20:41:50 You can’t get to your destination unless you know where it is. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 248 | location 3511-3512 | Added on Friday, 23 October 2020 20:46:46 simply buying a rental property at the right time in the cycle will give you reliable long-term returns at these sorts of levels. Equally, ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 248 | location 3511-3513 | Added on Friday, 23 October 2020 20:46:53 simply buying a rental property at the right time in the cycle will give you reliable long-term returns at these sorts of levels. Equally, buying shares in a good business at the right price will more than likely give you these sorts of returns, if you hold those shares for the long term and for their income in the way that many top investors do. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 255 | location 3600-3600 | Added on Friday, 23 October 2020 21:07:10 The best way to do this is to own the monetary metals ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 255 | location 3600-3612 | Added on Friday, 23 October 2020 21:07:17 The best way to do this is to own the monetary metals (gold and silver) and a wide range of other commodities. This will mean that, unlike almost everyone else, you will actually gain from inflation in the price of ‘stuff’, rather than suffering a decrease in your living standards. It is my belief that monetary metals are in a multi-year bull market (against fiat currencies at least), primarily because of the money-printing actions of the world’s central banks. As long as central banks around the world keep printing (or rather inventing) more money, precious metals and other ‘things’ will continue to go up in price over time (if not in a straight line). Exposure to monetary metals and commodities will enhance your overall performance without complicating matters or being prohibitively expensive. If central banks stop printing money and put interest rates up in the years ahead, this will change, but while they continue to pursue the policies of the last several years we will need to invest accordingly. Some readers will note that gold and silver have fallen a great deal in the last few years, but I do not see this as affecting any of the points I make in this chapter. As we shall see, gold went up 24-fold in the 1970s but pulled back around 50 per cent in 1975. Nothing ever goes up without periodic corrections but if you are well diversified you can hold on to your allocation and continue to perform – and if you invest regularly you will also enjoy a good averaged price over time. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 255 | location 3600-3601 | Added on Friday, 23 October 2020 21:07:27 The best way to do this is to own the monetary metals (gold and silver) and a wide range of other commodities. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 255 | location 3603-3605 | Added on Friday, 23 October 2020 21:09:37 As long as central banks around the world keep printing (or rather inventing) more money, precious metals and other ‘things’ will continue to go up in price over time (if not in a straight line). ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 255 | location 3605-3607 | Added on Friday, 23 October 2020 21:09:52 Exposure to monetary metals and commodities will enhance your overall performance without complicating matters or being prohibitively expensive. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 258 | location 3650-3650 | Added on Friday, 23 October 2020 21:17:54 TABLE 10.1 The Permanent Portfolio: investment returns (USD) (1981–2017) ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 260 | location 3664-3664 | Added on Friday, 23 October 2020 21:20:40 The ‘Gone Fishin’ Portfolio’ ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Bookmark on page 262 | location 3686 | Added on Friday, 23 October 2020 21:24:06 ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 264 | location 3720-3721 | Added on Friday, 23 October 2020 21:30:50 TABLE 10.2 How you might split your money ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 263 | location 3701-3702 | Added on Friday, 23 October 2020 21:41:16 In general, I would suggest that you allocate 60 to 70 per cent of whatever you are able to invest monthly into owning the world, 10 to 20 per cent into owning inflation, and keep the rest in cash. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 272 | location 3784-3785 | Added on Sunday, 25 October 2020 22:27:08 the best assets for you to buy to gain additional exposure to commodities – and therefore to ‘own inflation’ – are precious metals. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 272 | location 3787-3788 | Added on Sunday, 25 October 2020 22:27:44 Silver tends to amplify whatever gold does. If the price of gold goes up by 10 per cent, silver will tend to go up by two or three times that amount. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 280 | location 3896-3897 | Added on Monday, 26 October 2020 23:37:25 China has been selling dollar assets and buying gold more or less quietly for several years and has purchased more than a trillion dollars’ worth if some estimates are to be believed (they are also the world’s biggest gold miner). ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 281 | location 3907-3908 | Added on Sunday, 1 November 2020 22:05:03 A great way of measuring the value of something like gold is to look at its ratio to things like oil, property and stock markets. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 281 | location 3908-3909 | Added on Sunday, 1 November 2020 22:26:04 The average ratio of the gold price to a barrel of Brent crude (oil) since 1970 has been about 16:1. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 283 | location 3931-3932 | Added on Sunday, 1 November 2020 22:29:05 You can’t escape mean reversion in any market over time. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 285 | location 3963-3964 | Added on Sunday, 1 November 2020 22:35:14 one of the biggest negatives about holding gold is that you do not earn any interest. When interest rates are high, owners of gold miss out on this return. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 285 | location 3964-3965 | Added on Sunday, 1 November 2020 22:35:36 Economists call this the ‘opportunity cost’ of owning gold. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 286 | location 3988-3990 | Added on Monday, 2 November 2020 21:29:16 silver has significantly more industrial uses than gold and so there is more non-monetary demand for it. It is also worth noting that there is roughly 16 times more silver in the world than gold. This implies that the long-run price of silver should be roughly one- ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 286 | location 3988-3989 | Added on Monday, 2 November 2020 21:29:34 First, silver has significantly more industrial uses than gold and so there is more non-monetary demand for it. It is also worth noting that there is roughly 16 times more silver in the world than gold. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 294 | location 4077-4078 | Added on Monday, 2 November 2020 21:41:40 With the 10–20 per cent of your monthly investment funds you have left after investing in an own the world fund as per the previous section, you might consider buying some precious metals. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 294 | location 4079-4081 | Added on Monday, 2 November 2020 21:42:20 I am increasingly of the view that the best way to get exposure to precious metals is to actually own physical gold (and/or silver) rather than via a fund or ETF. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 296 | location 4112-4113 | Added on Monday, 2 November 2020 21:46:35 should just check your percentage allocation at least once a year to make sure things haven’t moved too far away from your target. This is the only real work you will ever need to do after you have ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 296 | location 4112-4113 | Added on Monday, 2 November 2020 21:46:40 should just check your percentage allocation at least once a year to make sure things haven’t moved too far away from your target. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 297 | location 4133-4134 | Added on Monday, 2 November 2020 21:49:13 ‘Jam today or more jam tomorrow.’ ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 306 | location 4256-4257 | Added on Monday, 2 November 2020 22:07:27 comparing the gold price to the price of oil and the level of the stock market. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 306 | location 4266-4267 | Added on Monday, 2 November 2020 22:08:57 this implies owning more shares and fewer bonds, ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 309 | location 4315-4316 | Added on Monday, 2 November 2020 22:20:17 As a UK resident, you can use a spread-betting account to have lots of fun with trading. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 313 | location 4370-4371 | Added on Monday, 2 November 2020 23:15:00 Trade Your Way to Financial Freedom by Dr Van K. Tharp. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 316 | location 4416-4416 | Added on Monday, 2 November 2020 23:28:15 Way of the Turtle. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 316 | location 4425-4426 | Added on Monday, 2 November 2020 23:29:00 Trade Your Way to Financial Freedom by Dr Van K. Tharp. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 321 | location 4503-4506 | Added on Monday, 2 November 2020 23:50:20 Building your list of investable themes is a crucial first step. The next and more important step is to work out the specific investment vehicles (funds, shares, etc.) to own within those themes to give you exposure to them. You will also want to do your best to buy those specific vehicles at the right price – that is, a price that gives you the best chance of investment success in the years ahead. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 323 | location 4541-4542 | Added on Tuesday, 3 November 2020 21:33:12 Read The Ascent of Money by Niall Ferguson. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 329 | location 4628-4629 | Added on Tuesday, 3 November 2020 21:50:55 Once you have chosen a theme and made a list of companies you might consider to give you exposure to that theme, the next piece of the jigsaw puzzle is to find out these numbers based on the company’s current share price. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 329 | location 4630-4632 | Added on Tuesday, 3 November 2020 21:51:34 you should find the current year’s P/E, PEG, dividend yield and price-to-book ratio (that is, book value per share). Where possible, you should also find out these numbers for next year. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 329 | location 4635-4636 | Added on Tuesday, 3 November 2020 21:52:20 Once you have these numbers you will be able to perform a very useful, simple analysis of which company might be the best in a given space (sector) by comparing the numbers to each other. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 329 | location 4635-4636 | Added on Tuesday, 3 November 2020 21:52:29 Once you have these numbers you will be able to perform a very useful, simple analysis of which company might be the best in a given space (sector) by comparing the numbers to each other. This is called ‘peer group analysis’. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 332 | location 4669-4670 | Added on Tuesday, 3 November 2020 21:59:41 last few months, there is a chance that the market might fall back. When the market falls back, it takes share prices down with it. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 332 | location 4669-4670 | Added on Tuesday, 3 November 2020 21:59:45 When the market falls back, it takes share prices down with it. ========== How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller (Craig, Andrew) - Your Highlight on page 351 | location 4892-4893 | Added on Tuesday, 3 November 2020 22:22:52 The Naked Trader’s Guide to Spread Betting by Robbie Burns. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 4 | location 98-99 | Added on Tuesday, 3 November 2020 22:43:00 The availability of a diagnostic label for this bias—the halo effect—makes it easier to anticipate, recognize, and understand. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 8 | location 192-194 | Added on Wednesday, 4 November 2020 22:04:33 People tend to assess the relative importance of issues by the ease with which they are retrieved from memory—and this is largely determined by the extent of coverage in the media. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 20 | location 349-350 | Added on Saturday, 7 November 2020 02:37:53 the mind, System 1 and System 2. System 1 operates automatically and ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 21 | location 356-358 | Added on Saturday, 7 November 2020 02:39:52 System 1 as effortlessly originating impressions and feelings that are the main sources of the explicit beliefs and deliberate choices of System 2. The automatic operations of System 1 generate surprisingly complex patterns of ideas, but only the slower System 2 can construct thoughts in an orderly series of steps. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 22 | location 375-378 | Added on Sunday, 8 November 2020 23:46:27 The control of attention is shared by the two systems. Orienting to a loud sound is normally an involuntary operation of System 1, which immediately mobilizes the voluntary attention of System 2. You may be able to resist turning toward the source of a loud and offensive comment at a crowded party, but even if your head does not move, your attention is initially directed to it, at least for a while. However, attention can be moved away from an unwanted focus, primarily by focusing intently on another target. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 22 | location 378-379 | Added on Sunday, 8 November 2020 23:46:42 The highly diverse operations of System 2 have one feature in common: they require attention and are disrupted when attention is drawn away. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 23 | location 392-393 | Added on Sunday, 8 November 2020 23:49:00 The often-used phrase “pay attention” is apt: you dispose of a limited budget of attention that you can allocate to activities, ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 23 | location 392-393 | Added on Sunday, 8 November 2020 23:49:04 The often-used phrase “pay attention” is apt: you dispose of a limited budget of attention that you can allocate to activities, and if you try to go beyond your budget, you will fail. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 23 | location 400-401 | Added on Sunday, 8 November 2020 23:50:51 Intense focusing on a task can make people effectively blind, even to stimuli that normally attract attention. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 24 | location 407-408 | Added on Sunday, 8 November 2020 23:52:48 Seeing and orienting are automatic functions of System 1, but they depend on the allocation of some attention to the relevant stimulus. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 24 | location 409-411 | Added on Sunday, 8 November 2020 23:53:07 The gorilla study illustrates two important facts about our minds: we can be blind to the obvious, and we are also blind to our blindness. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 24 | location 413-415 | Added on Sunday, 8 November 2020 23:54:34 System 1 continuously generates suggestions for System 2: impressions, intuitions, intentions, and feelings. If endorsed by System 2, impressions and intuitions turn into beliefs, and impulses turn into voluntary actions. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 24 | location 422-423 | Added on Monday, 9 November 2020 00:38:15 System 2 is also credited with the continuous monitoring of your own behavior—the control that keeps you polite when you are angry, and alert when you are driving at night. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 26 | location 452-452 | Added on Monday, 9 November 2020 00:44:16 System 2 is in charge of self-control. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 31 | location 519-521 | Added on Monday, 9 November 2020 23:48:35 System 2 would be a supporting character who believes herself to be the hero. The defining feature of System 2, in this story, is that its operations are effortful, and one of its main characteristics is laziness, a reluctance to invest more effort than is strictly necessary. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 32 | location 542-542 | Added on Monday, 9 November 2020 23:50:58 the pupils are sensitive indicators of mental effort— ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 32 | location 543-544 | Added on Monday, 9 November 2020 23:51:20 the response to mental effort is distinct from emotional arousal. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 34 | location 584-585 | Added on Tuesday, 10 November 2020 00:02:38 the pupil was a good measure of the physical arousal that accompanies mental effort, and we could go ahead and use it to understand how the mind works. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 35 | location 609-612 | Added on Tuesday, 10 November 2020 22:44:55 The law asserts that if there are several ways of achieving the same goal, people will eventually gravitate to the least demanding course of action. In the economy of action, effort is a cost, and the acquisition of skill is driven by the balance of benefits and costs. Laziness is built deep into our nature. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 37 | location 653-653 | Added on Wednesday, 11 November 2020 22:18:37 The most effortful forms of slow thinking are those that require you to think fast. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 40 | location 686-687 | Added on Thursday, 12 November 2020 22:11:15 Self-control and deliberate thought apparently draw on the same limited budget of effort. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 40 | location 695-696 | Added on Thursday, 12 November 2020 22:15:34 state of effortless concentration so deep that they lose their sense of time, of themselves, of their problems,” ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 41 | location 702-703 | Added on Sunday, 15 November 2020 22:22:33 both self-control and cognitive effort are forms of mental work. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 41 | location 703-704 | Added on Sunday, 15 November 2020 22:22:49 people who are simultaneously challenged by a demanding cognitive task and by a temptation are more likely to yield to the temptation. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 41 | location 708-710 | Added on Sunday, 15 November 2020 22:24:27 People who are cognitively busy are also more likely to make selfish choices, use sexist language, and make superficial judgments in social situations. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 41 | location 713-714 | Added on Sunday, 15 November 2020 22:26:28 self-control requires attention and effort. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 41 | location 715-716 | Added on Sunday, 15 November 2020 22:27:36 all variants of voluntary effort—cognitive, emotional, or physical—draw at least partly on a shared pool of mental energy. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 42 | location 719-719 | Added on Sunday, 15 November 2020 22:27:54 ego depletion. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 43 | location 738-739 | Added on Sunday, 15 November 2020 22:34:01 The nervous system consumes more glucose than most other parts of the body, and effortful mental activity appears to be especially expensive in the currency of glucose. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 46 | location 806-807 | Added on Sunday, 15 November 2020 22:46:00 Intelligence is not only the ability to reason; it is also the ability to find relevant material in memory and to deploy attention when needed. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 46 | location 815-815 | Added on Sunday, 15 November 2020 22:47:59 Those who avoid the sin of intellectual sloth could be called “engaged.” ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 47 | location 832-833 | Added on Sunday, 15 November 2020 22:50:29 the children who had shown more self-control as four-year-olds had substantially higher scores on tests of intelligence ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 47 | location 837-839 | Added on Sunday, 15 November 2020 22:51:33 The testers found that training attention not only improved executive control; scores on nonverbal tests of intelligence also improved and the improvement was maintained for several months. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 48 | location 840-841 | Added on Sunday, 15 November 2020 22:51:56 close connection between the children’s ability to control their attention and their ability to control their emotions. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 48 | location 845-847 | Added on Tuesday, 17 November 2020 23:00:58 Individuals who uncritically follow their intuitions about puzzles are also prone to accept other suggestions from System 1. In particular, they are impulsive, impatient, and keen to receive immediate gratification. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 48 | location 851-851 | Added on Tuesday, 17 November 2020 23:01:43 System 1 is impulsive and intuitive; System 2 is capable of reasoning, and it is cautious, but at least for some people it is also ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 48 | location 851-852 | Added on Tuesday, 17 November 2020 23:01:49 System 1 is impulsive and intuitive; System 2 is capable of reasoning, and it is cautious, but at least for some people it is also lazy. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 49 | location 860-860 | Added on Tuesday, 17 November 2020 23:04:58 individuals who excel in intelligence tests and are able to switch from one task to another quickly and efficiently. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 49 | location 861-861 | Added on Tuesday, 17 November 2020 23:05:09 high intelligence does not make people immune to biases. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 49 | location 863-863 | Added on Tuesday, 17 November 2020 23:05:38 superficial or “lazy” thinking is a flaw in the reflective mind, a failure of rationality. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 51 | location 892-892 | Added on Tuesday, 17 November 2020 23:11:12 associative activation: ideas that have been evoked trigger many other ideas, in a spreading cascade of activity in your brain. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 51 | location 893-894 | Added on Tuesday, 17 November 2020 23:11:35 The word evokes memories, which evoke emotions, which in turn evoke facial expressions and other reactions, such as a general tensing up and an avoidance tendency. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 51 | location 896-897 | Added on Tuesday, 17 November 2020 23:12:03 yielding a self-reinforcing pattern of cognitive, emotional, and physical responses that is both diverse and integrated—it has been called associatively coherent. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 51 | location 904-905 | Added on Tuesday, 17 November 2020 23:24:19 cognition is embodied; you think with your body, not only with your brain. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 52 | location 916-917 | Added on Tuesday, 17 November 2020 23:28:15 Furthermore, only a few of the activated ideas will register in consciousness; most of the work of associative thinking is silent, hidden from our conscious selves. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 53 | location 930-939 | Added on Wednesday, 18 November 2020 00:04:55 Like ripples on a pond, activation spreads through a small part of the vast network of associated ideas. The mapping of these ripples is now one of the most exciting pursuits in psychological research. Another major advance in our understanding of memory was the discovery that priming is not restricted to concepts and words. You cannot know this from conscious experience, of course, but you must accept the alien idea that your actions and your emotions can be primed by events of which you are not even aware. In an experiment that became an instant classic, the psychologist John Bargh and his collaborators asked students at New York University—most aged eighteen to twenty-two—to assemble four-word sentences from a set of five words (for example, “finds he it yellow instantly”). For one group of students, half the scrambled sentences contained words associated with the elderly, such as Florida, forgetful, bald, gray, or wrinkle. When they had completed that task, the young participants were sent out to do another experiment in an office down the hall. That short walk ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 53 | location 930-931 | Added on Wednesday, 18 November 2020 00:05:07 Like ripples on a pond, activation spreads through a small part of the vast network of associated ideas. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 53 | location 940-941 | Added on Wednesday, 18 November 2020 00:06:31 As Bargh had predicted, the young people who had fashioned a sentence from words with an elderly theme walked down the hallway significantly more slowly than the others. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 53 | location 941-941 | Added on Wednesday, 18 November 2020 00:07:13 “Florida effect” ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 53 | location 945-946 | Added on Wednesday, 18 November 2020 00:07:54 This remarkable priming phenomenon—the influencing of an action by the idea—is known as the ideomotor effect. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 54 | location 953-954 | Added on Wednesday, 18 November 2020 00:09:19 priming effects tend to produce a coherent reaction: if you were primed to think of old age, you would tend to act old, and acting old would reinforce the thought of old age. ========== Thinking, Fast and Slow (Kahneman, Daniel) - Your Highlight on page 54 | location 954-954 | Added on Wednesday, 18 November 2020 00:09:26 Reciprocal links are common in the associative network. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 95-95 | Added on Friday, 20 November 2020 20:37:38 early ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 118-119 | Added on Saturday, 21 November 2020 00:27:36 studies suggest that a strong sense of community and a clearly defined ikigai are just as important as the famously healthful Japanese diet—perhaps even more ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 124-125 | Added on Saturday, 21 November 2020 00:28:26 drinking tea and eating until their stomachs are only 80 percent full. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 150-151 | Added on Saturday, 21 November 2020 00:31:23 the keys to longevity are diet, exercise, finding a purpose in life (an ikigai), and forming strong social ties—that is, having a broad circle of friends and good family relations. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 171-172 | Added on Saturday, 21 November 2020 00:33:59 A moai is an informal group of people with common interests who look out for one another. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 177-178 | Added on Saturday, 21 November 2020 00:35:37 If a member of a moai is in financial trouble, he or she can get an advance from the group’s savings. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Note at location 178 | Added on Saturday, 21 November 2020 00:36:11 Japanese Pardna ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 201-201 | Added on Saturday, 21 November 2020 16:45:14 “mens sana in corpore sano” (“a sound mind in a sound body”): ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 213-214 | Added on Saturday, 21 November 2020 16:46:48 This is why it is so important to expose yourself to change, even if stepping outside your comfort zone means feeling a bit of anxiety. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 220-221 | Added on Saturday, 21 November 2020 16:48:03 others—playing a game, for example—offers new stimuli and helps prevent the depression that can come with solitude. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 225-226 | Added on Saturday, 21 November 2020 16:49:17 Many people seem older than they are. Research into the causes of premature aging has shown that stress has a lot to do with it, because the body wears down much faster during periods of crisis. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 230-230 | Added on Saturday, 21 November 2020 16:49:55 his antibodies had reacted to stress the same way they react to pathogens, activating the proteins that trigger an immune response. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 231-231 | Added on Saturday, 21 November 2020 16:50:03 this response not only neutralizes harmful agents, it also damages healthy cells, leading them to age prematurely. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 233-234 | Added on Saturday, 21 November 2020 16:50:20 They found that stress promotes cellular aging by weakening cell structures known as telomeres, ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 233-234 | Added on Saturday, 21 November 2020 16:50:28 They found that stress promotes cellular aging by weakening cell structures known as telomeres, which affect cellular regeneration and how our cells age. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 240-241 | Added on Saturday, 21 November 2020 16:53:46 our neurons activate the pituitary gland, which produces hormones that release corticotropin, which in turn circulates through the body via the sympathetic nervous system. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 241-241 | Added on Saturday, 21 November 2020 16:59:09 The adrenal gland is then triggered to release adrenaline and cortisol. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 254-255 | Added on Saturday, 21 November 2020 17:01:53 Low doses of cortisol flow constantly through the body, with implications for a range of health problems, including adrenal fatigue and chronic fatigue syndrome. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 257-258 | Added on Saturday, 21 November 2020 17:02:45 A sustained state of emergency affects the neurons associated with memory, as well as inhibiting the release of certain hormones, the absence of which can cause depression. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 262-262 | Added on Saturday, 21 November 2020 17:03:41 psychosomatic, ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 262-263 | Added on Saturday, 21 November 2020 17:03:56 affecting everything from our digestive system to our skin. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 303-304 | Added on Saturday, 21 November 2020 17:35:55 when we sleep we generate melatonin, a hormone that occurs naturally in our bodies. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 304-305 | Added on Saturday, 21 November 2020 17:36:09 The pineal gland produces it from the neurotransmitter serotonin according to our diurnal and nocturnal rhythms, and it plays a role in our sleep and waking cycles. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 398-400 | Added on Saturday, 21 November 2020 20:23:10 Existential crisis, on the other hand, is typical of modern societies in which people do what they are told to do, or what others do, rather than what they want to do. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 401-402 | Added on Saturday, 21 November 2020 20:23:32 Sunday neurosis, for example, is what happens when, without the obligations and commitments of the workweek, the individual realizes how empty he is inside. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 514-515 | Added on Saturday, 21 November 2020 20:43:06 We are what we repeatedly do. Excellence, then, is not an act but a habit. ========== Ikigai: The Japanese Secret to a Long and Happy Life (Héctor García;Francesc Miralles) - Your Highlight at location 633-634 | Added on Sunday, 22 November 2020 00:16:48 our generation as suffering from an epidemic of multitasking. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 44-46 | Added on Sunday, 22 November 2020 09:34:08 Dopamine motivates you to get what you need, even when it takes lots of effort. Endorphin motivates you to ignore pain so you can escape from harm when you’re injured. Oxytocin motivates you to trust others, to find safety in companionship. And serotonin motivates you to get respect, which expands your mating opportunities and protects your offspring. ========== The Intelligent Investor, Rev. Ed (Graham, Benjamin;Jason Zweig;Warren E. Buffett) - Your Highlight at location 269-270 | Added on Sunday, 22 November 2020 09:58:32 successful investment lies first in the choice of those industries that are most likely to grow in the future and then in identifying the most promising companies in these industries. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 116-116 | Added on Monday, 23 November 2020 22:22:57 Bad feelings are produced by cortisol. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 117-118 | Added on Monday, 23 November 2020 22:23:57 When your cortisol flows, it links the neurons active in your brain at that moment. This wires you to recognize those danger cues in the future. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 168-169 | Added on Monday, 23 November 2020 22:40:57 If you repeat a new thought or behavior every day without fail, in 45 days a new pathway will invite electricity away from the old path. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 204-204 | Added on Monday, 23 November 2020 22:48:15 Dopamine is stimulated by the “chase” aspect of love. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 204-205 | Added on Monday, 23 November 2020 22:48:21 Dopamine alerts us that our needs are about to be met. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 206-207 | Added on Monday, 23 November 2020 22:48:52 For humans, finding “the one” makes you high on dopamine because a longer quest to meet a need stimulates a longer surge. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 207-208 | Added on Monday, 23 November 2020 22:49:03 Oxytocin is stimulated by touch, and by social trust. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 219-219 | Added on Monday, 23 November 2020 22:51:02 but when you receive the affection of a desirable individual, it triggers lots of serotonin, ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 219-220 | Added on Monday, 23 November 2020 22:51:33 when you are the desired individual, receiving admiration from others, that triggers serotonin too. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 214-214 | Added on Monday, 23 November 2020 22:51:42 Serotonin is stimulated by the status aspect of love– ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 221-221 | Added on Monday, 23 November 2020 22:51:59 Endorphin is stimulated by physical pain. Crying also stimulates endorphin. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 221-223 | Added on Monday, 23 November 2020 22:52:34 If a loved one causes you pain, the endorphin that’s released paves neural pathways, wiring you to expect a good feeling from pain in the future. People may tolerate painful relationships because their brain learned to associate it with the good feeling of endorphin. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 236-237 | Added on Tuesday, 24 November 2020 12:09:19 Losing love triggers a huge surge of unhappy chemical. That actually promotes genetic survival because the pain you associate with the old attachment leaves you available for a new attachment. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 238-239 | Added on Tuesday, 24 November 2020 12:09:44 The pain of lost love rewires your brain so you can move on. Cortisol promotes love by helping you avoid places where you’re not getting it. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 242-243 | Added on Tuesday, 24 November 2020 12:10:29 Childhood is a luxury evolved by mammals, but it comes with a painful transition from dependence to independence. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 245-246 | Added on Tuesday, 24 November 2020 12:11:07 The sense of disappointment and loss motivates people to let go of childhood expectations and find love in adult ways. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 301-301 | Added on Tuesday, 24 November 2020 19:39:54 The mammal brain scans constantly for potential rewards, and dopamine is the signal that it has found some. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 303-304 | Added on Tuesday, 24 November 2020 19:40:12 Evidence of a reward triggers dopamine, which motivates your body to invest its energy. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 337-338 | Added on Tuesday, 24 November 2020 20:00:24 realize that it’s the expectation of reward that triggers dopamine. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 347-347 | Added on Tuesday, 24 November 2020 20:03:20 Dopamine surges each time you get the reward you seek. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 347-347 | Added on Tuesday, 24 November 2020 20:03:28 Dopamine surges each time you get the reward you seek. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 365-365 | Added on Tuesday, 24 November 2020 20:06:31 Dopamine tells you when to expect a reward, and you invest effort in anticipation of ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 365-366 | Added on Tuesday, 24 November 2020 20:06:40 Dopamine tells you when to expect a reward, and you invest effort in anticipation of it. The bigger the reward and the closer you get to it, the more of that great dopamine feeling your brain releases. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 369-370 | Added on Tuesday, 24 November 2020 20:07:09 Endorphin masks pain for a short time, which promotes survival by giving an injured mammal a chance to reach safety. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 377-377 | Added on Tuesday, 24 November 2020 20:08:10 Nature’s euthanasia is nice to know about while you watch disturbing footage of predator devouring prey. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 381-383 | Added on Tuesday, 24 November 2020 20:09:22 Endorphin is called the body’s “natural morphine.” The truth is the opposite: morphine is artificial endorphin. Opium derivatives, like heroin, make you high because they fit into the body’s natural endorphin receptors. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 389-389 | Added on Tuesday, 24 November 2020 20:11:20 Adrenaline releases the energy you need to handle an emergency. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 402-403 | Added on Tuesday, 24 November 2020 20:17:25 When you have a good feeling about someone, oxytocin causes it. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 403-404 | Added on Tuesday, 24 November 2020 20:17:32 The feeling of belonging, and of safety in numbers, is oxytocin too. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 429-430 | Added on Tuesday, 24 November 2020 20:21:58 But the mammal who refuses to run until he sees the lion for himself is less likely to survive. Brains that refused to trust got weeded out of the gene pool, and natural selection produced a brain that is able to trust its mates. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 429-430 | Added on Tuesday, 24 November 2020 20:22:06 But the mammal who refuses to run until he sees the lion for himself is less likely to survive. Brains that refused to trust got weeded out of the gene pool, and natural selection produced a brain that is able to trust its mates. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 443-444 | Added on Tuesday, 24 November 2020 20:24:53 The smaller an animal’s brain, the more it survives on pre-wired knowledge. The bigger an animal’s brain, the more it incorporates life experience into its survival strategy. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 456-456 | Added on Tuesday, 24 November 2020 20:26:40 These things feel good because social trust stimulates oxytocin. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 466-466 | Added on Tuesday, 24 November 2020 20:28:09 thanks to oxytocin. Monogamy is rare in the mammal world, ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 568-568 | Added on Tuesday, 24 November 2020 21:24:15 Cortisol is the brain’s emergency broadcast system. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 646-647 | Added on Tuesday, 24 November 2020 21:43:56 experienced. When big cortisol spurts cause big warning circuits, we label it “post-traumatic stress.” ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 646-647 | Added on Tuesday, 24 November 2020 21:44:01 When big cortisol spurts cause big warning circuits, we label it “post-traumatic stress.” ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 653-654 | Added on Tuesday, 24 November 2020 21:45:13 come from people who held onto their experiential learning. Once you experience a pain yourself, your brain does not let go of that information. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 654-654 | Added on Tuesday, 24 November 2020 21:45:17 Once you experience a pain yourself, your brain does not let go of that information. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 708-708 | Added on Tuesday, 24 November 2020 22:25:05 Your survival is constantly affected by the choices of those around you. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 707-708 | Added on Tuesday, 24 November 2020 22:25:27 What looks like herd behavior results from individual survival calculations from moment to moment. Your survival is constantly affected by the choices of those around you. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 713-714 | Added on Tuesday, 24 November 2020 22:29:23 Unhappy chemicals help your brain calculate your best option. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 722-723 | Added on Tuesday, 24 November 2020 22:35:50 But if you repeatedly watch another person, connections build and it becomes easier for you to execute the behavior yourself. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 748-749 | Added on Tuesday, 24 November 2020 23:00:17 We humans are born with an unfinished nervous system. Instead of developing fully in utero, we get born premature while our brain can still fit through the birth canal. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 765-765 | Added on Tuesday, 24 November 2020 23:03:10 Cortisol flows when the expectation is disappointed. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 780-782 | Added on Tuesday, 24 November 2020 23:05:45 circuits. Primates do. Monkeys and apes tend to challenge their place in the status hierarchy. That doesn’t mean they fight all ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 836-840 | Added on Wednesday, 25 November 2020 19:15:53 Your brain’s ability to imagine good things is unlimited. As soon as you get something good, your brain imagines more good things. Your potential to be disappointed is unlimited as a result. Reality can’t live up to your expectations because you keep building new expectations. So even as your expectations lead you to better things, your cortisol flows and your survival feels threatened. That bad feeling keeps motivating you to focus on the “better world” you’ve constructed in your mind. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 887-888 | Added on Wednesday, 25 November 2020 19:29:51 Happy chemicals were not meant to create constant ecstasy. They were meant to steer us toward things that promote survival. When we try to get constant ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 887-889 | Added on Wednesday, 25 November 2020 19:29:55 happy chemicals is still there. Happy chemicals were not meant to create constant ecstasy. They were meant to steer us toward things that promote survival. When we try to get constant happiness from them, disappointment is likely. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 887-889 | Added on Wednesday, 25 November 2020 19:30:00 Happy chemicals were not meant to create constant ecstasy. They were meant to steer us toward things that promote survival. When we try to get constant happiness from them, disappointment is likely. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 891-892 | Added on Wednesday, 25 November 2020 19:30:41 Your brain is looking for the next great way to meet your needs. Dopamine is triggered by new rewards. Old rewards, even incredibly creamy-delicious ones, don’t command your brain’s attention. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 892-892 | Added on Wednesday, 25 November 2020 19:30:46 Dopamine is triggered by new rewards. Old rewards, even incredibly creamy-delicious ones, don’t command your brain’s attention. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 893-893 | Added on Wednesday, 25 November 2020 19:31:01 habituation. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 896-897 | Added on Wednesday, 25 November 2020 19:32:18 a dish only pleases the palate for the first three or four bites. After that, you are just filling up instead of experiencing ecstasy. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 940-941 | Added on Wednesday, 25 November 2020 19:39:15 To your brain, it’s like foraging: scanning the environment for details leading to a reward. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 955-957 | Added on Wednesday, 25 November 2020 19:42:22 Planning a project triggers dopamine. It might be a party or a home re-model or a life transition. Thinking about the end result makes you feel good, and each step that brings you closer stimulates dopamine despite the inevitable frustration of a longterm project. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 969-971 | Added on Wednesday, 25 November 2020 19:44:20 You may think a new partner will make you happy, because your brain learned that from the last partner. But if you expect to feel the excitement of new love all the time, you will probably find yourself in a vicious cycle. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1030-1031 | Added on Wednesday, 25 November 2020 19:55:49 Group members tolerate the pain because they don’t want to lose their social support network. They accept behaviors from group-mates that they would never tolerate from outsiders. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1031-1032 | Added on Wednesday, 25 November 2020 21:04:35 big part of social trust is sustaining expectations ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1031-1032 | Added on Wednesday, 25 November 2020 21:04:39 A big part of social trust is sustaining expectations despite disappointments. That’s what oxytocin circuits do. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1041-1041 | Added on Wednesday, 25 November 2020 21:06:21 Trust sounds nice, but too much trust can undermine survival. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1042-1043 | Added on Wednesday, 25 November 2020 21:06:46 spouse who trusts his partner to deal with the world for him. The good feeling of trust may distract you from ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1043-1043 | Added on Wednesday, 25 November 2020 21:06:51 The good feeling of trust may distract you from building the skills you need to promote your own survival. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1077-1077 | Added on Wednesday, 25 November 2020 21:41:12 despotism. Cruelty to servants is often accepted. We may think tribal societies ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1077-1077 | Added on Wednesday, 25 November 2020 21:41:37 servants is often accepted. We may think tribal societies are egalitarian ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1135-1136 | Added on Wednesday, 25 November 2020 21:51:26 But the more you do nothing in the face of that “do something feeling,” the more you give alternative pathways a chance to grow. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1145-1146 | Added on Wednesday, 25 November 2020 21:53:37 The neurons you use repeatedly develop a fatty coating called “myelin.” Myelinated neurons are extremely fast, like optical fiber. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1148-1148 | Added on Wednesday, 25 November 2020 21:53:53 Myelinated circuits make a task feel effortless compared to doing it with slow, naked neurons. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1182-1183 | Added on Wednesday, 25 November 2020 23:42:55 Emotions develop a synapse quickly, while repetition develops them slowly. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1183-1184 | Added on Wednesday, 25 November 2020 23:43:25 Emotions are neurochemicals that make immediate and permanent changes to the synapses they encounter. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1203-1205 | Added on Wednesday, 25 November 2020 23:50:46 When receptors aren’t used for a while, they disappear. This flexibility is good, but it also means that you have to use your happy receptors or lose them. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1281-1286 | Added on Thursday, 26 November 2020 21:31:48 neurons are metabolically expensive. They consume more oxygen and glucose than an active muscle. It takes so much energy to keep a neuron alive that they actually make it harder to survive. Neurons only promote survival if you really get your money’s worth out of them, by wiring them up with survival-relevant information. Natural selection gave humans a gargantuan number of neurons. That means we were meant to use the experience we’ve stored in our neurons, not to ignore it. The bigger a creature’s cortex, the longer its childhood. It takes a long time to connect neurons in ways that promote survival. Small-brained creatures ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1281-1282 | Added on Thursday, 26 November 2020 21:32:00 neurons are metabolically expensive. They consume more oxygen and glucose than an active muscle. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1285-1285 | Added on Thursday, 26 November 2020 21:32:32 The bigger a creature’s cortex, the longer its childhood. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1286-1286 | Added on Thursday, 26 November 2020 21:33:07 Small-brained creatures have short childhoods because they don’t need to boot up their operating system. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1290-1290 | Added on Thursday, 26 November 2020 21:33:37 Childhood is metabolically expensive because dependency reduces the number of offspring a mother can have. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1293-1294 | Added on Thursday, 26 November 2020 21:35:24 They’re born adapted to a specific ecological niche, and typically die outside that niche. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1293-1293 | Added on Thursday, 26 November 2020 21:35:39 Animals with short periods of early dependency rely on the survival knowledge they inherited. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1297-1298 | Added on Thursday, 26 November 2020 21:36:20 Your early survival learning tells you how to feel good and avoid feeling bad. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1321-1323 | Added on Thursday, 26 November 2020 21:40:56 made good use of the happy-chemical infrastructure I had. When I create a Powerpoint presentation, I enjoy adding color. When I get dressed or cook dinner, I enjoy the color. I allow myself to linger over the details I’m wired to enjoy. This activates my happy circuits without needing to redecorate. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1343-1344 | Added on Thursday, 26 November 2020 22:00:41 Your brain doesn’t care what parenting experts and etiquette manuals say. It builds links when you actually feel rewarded or threatened. You end up with a complex neural infrastructure for seeking respect, acceptance and trust. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1346-1347 | Added on Thursday, 26 November 2020 22:02:21 Anything that got you respect or attention in your teen years developed big fat circuits. Any threat to your respect and attention in this period made an impression on your brain. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1347-1348 | Added on Thursday, 26 November 2020 22:02:36 Whatever helped you build trust with social allies, or threatened the trust you had, built your pathways. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1363-1364 | Added on Thursday, 26 November 2020 22:06:12 Repetition takes time, but it builds behaviors with fewer side effects. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1366-1367 | Added on Thursday, 26 November 2020 22:06:33 You will be shaped by accident unless you start repeating things by choice. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1394-1394 | Added on Thursday, 26 November 2020 22:09:59 The point is that inertia is hard to overcome. A habit that will feel good later can be hard to start now. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1394-1395 | Added on Thursday, 26 November 2020 22:10:07 The point is that inertia is hard to overcome. A habit that will feel good later can be hard to start now. With trial and error, you can find a new habit that will work for you. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1398-1399 | Added on Thursday, 26 November 2020 22:10:48 Everyone can find a healthy new behavior and repeat it until it becomes a habit. No one can do this for you and you cannot do it for someone else. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1405-1406 | Added on Thursday, 26 November 2020 22:11:39 You can pave a new road in your brain in 45 days if you repeat a new behavior every day. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1419-1420 | Added on Thursday, 26 November 2020 22:13:38 Flow, by Csikszentmihalyi. It explained that music gives pleasure because your mind keeps predicting what comes next. Each correct prediction triggers dopamine. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1430-1432 | Added on Thursday, 26 November 2020 22:16:38 No one wants to befriend a person they don’t like or join an activity they’re bad at, on the assumption that it will feel good later on. When something feels bad, your brain trusts its own reaction. But you miss out on a universe of potential happiness when you do that. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1435-1435 | Added on Thursday, 26 November 2020 22:19:20 With persistence, you can wire yourself to feel good when you do things that are good for you. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1437-1438 | Added on Thursday, 26 November 2020 22:19:50 Do a victory dance every day. You score at least one goal each day, so commit to finding it and enjoying it for a moment. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1438-1439 | Added on Thursday, 26 November 2020 22:20:00 Adjust your expectations so you can be pleased with something you actually ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1438-1439 | Added on Thursday, 26 November 2020 22:20:04 Adjust your expectations so you can be pleased with something you actually do. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1441-1441 | Added on Thursday, 26 November 2020 22:20:22 Celebrating small steps triggers more dopamine than saving it all up for one big achievement. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1442-1442 | Added on Thursday, 26 November 2020 22:20:39 You will be giving yourself permission to have that “Touchdown!” feeling. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1444-1444 | Added on Thursday, 26 November 2020 22:21:13 Commit to doing this every day, ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1446-1447 | Added on Thursday, 26 November 2020 22:21:27 it feels fake or forced, that’s normal, because the old circuits that berate your accomplishments feel normal and true. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1448-1449 | Added on Thursday, 26 November 2020 22:21:43 It’s just a spark, but if you do it every day for 45 days, you will be your own best spark plug. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1459-1460 | Added on Thursday, 26 November 2020 22:23:17 Spend the time on concrete action, not just fantasizing about quitting your day job. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1460-1461 | Added on Thursday, 26 November 2020 22:23:22 Don’t spend it all trying to get help from others– it’s not their goal. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1468-1469 | Added on Thursday, 26 November 2020 22:24:52 You don’t need to have a solution when you start, just the willingness to take many small steps. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1473-1474 | Added on Thursday, 26 November 2020 22:25:43 The great dopamine feeling will entice you into doing what needs to be done. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1476-1476 | Added on Thursday, 26 November 2020 22:26:05 Remember to feel good about what you’ve done each day. Soon, you’ll have the habit of tackling obstacles and feeling rewarded by it. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1485-1486 | Added on Thursday, 26 November 2020 22:56:55 Laughing stimulates endorphin as it spontaneously convulses your innards. Find what makes you laugh, and make time for it. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1537-1538 | Added on Thursday, 26 November 2020 23:04:11 Proxy trust is comfortable because there’s less risk of disappointment. Animals don’t betray you, large crowds don’t judge you, and digital friends are always available. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1535-1536 | Added on Thursday, 26 November 2020 23:04:21 Animals, crowds, and digital friends can stimulate the good feeling of social trust without the complications of human bonds. However, these proxies stimulate less oxytocin than live personal contacts. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1555-1556 | Added on Thursday, 26 November 2020 23:11:15 Coexisting without trust is draining. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1565-1566 | Added on Thursday, 26 November 2020 23:12:52 Simply honor your commitments, and then pause to enjoy being a person who honors their commitments. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1573-1574 | Added on Thursday, 26 November 2020 23:14:03 The goal is not to trust as an end in itself, but to gather information about where you can trust. You succeed whether the other person shortchanges you or not, because you will have built a verification plan that works. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1575-1576 | Added on Thursday, 26 November 2020 23:14:14 Natural selection rewarded those who fanned out from familiar turf. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1581-1581 | Added on Thursday, 26 November 2020 23:16:52 Massage stimulates oxytocin. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1590-1590 | Added on Thursday, 26 November 2020 23:18:35 Simply express pride in something you’ve done once a day. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1592-1593 | Added on Thursday, 26 November 2020 23:20:16 It means daring to say “Look what I’ve done!” to another living soul. Asking others to respect your accomplishment is risky because you may be disappointed. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1595-1597 | Added on Thursday, 26 November 2020 23:21:10 So every day for 45 days, you will say “Look what I’ve done” and expect a positive reaction. If you don’t get the reaction you hope for, it will not kill you. The bad feeling will pass and the next day you will crow with a positive expectation again. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1602-1603 | Added on Thursday, 26 November 2020 23:22:36 Whether you get a lot of social regard or a little, your brain will keep longing for it. That’s what our mammal brain does. And that’s why we need the skill of taking pride in our own accomplishments instead of waiting for applause. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1603-1606 | Added on Thursday, 26 November 2020 23:23:01 If you focus on your shortcomings, you tend to overlook the applause you already have. More important, you may be getting quiet respect that is not expressed as audible applause. That’s why it’s useful to force yourself to expect appreciation for one moment a day. It allows you to take in what is already there. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1612-1614 | Added on Thursday, 26 November 2020 23:24:48 Your status will always be going up and down. If you fret over your position, the fretting will never end. Instead, you can enjoy the benefits of wherever you find yourself. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1618-1620 | Added on Thursday, 26 November 2020 23:25:41 Simply enjoy your influence on others. Without being arrogant or controlling or critical, you can make a habit of noticing when others mirror your good example. Don’t expect credit or a thank you. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1621-1622 | Added on Thursday, 26 November 2020 23:26:09 Everyone wants to have a impact on the world. No one wants to die without a trace. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1667-1668 | Added on Tuesday, 1 December 2020 23:02:39 You may have to enter unknown territory to do that, but higher risk brings higher rewards. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1668-1672 | Added on Tuesday, 1 December 2020 23:03:36 If you are already a dopamine kind of person who’s good at setting goals and meeting them, you might do more for yourself by working on a different happy chemical. If you’re already an oxytocin kind of person, good at social bonding, you’d get higher returns by investing your effort in a different area. If you’re a serotonin-focused person, good at winning respect, developing other happy-chemical circuits would help you flourish. And if you tend to be an endorphin person, drawn to mastering pain, you could benefit from focusing elsewhere. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1674-1674 | Added on Tuesday, 1 December 2020 23:04:22 Balancing your neurochemistry ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1685-1687 | Added on Tuesday, 1 December 2020 23:09:52 Let’s say you love photography. It triggers dopamine when you seek and find a particular shot. It can stimulate oxytocin if you share the images with others. And serotonin flows if you enter your pictures in exhibitions. You can stimulate what you’re missing within the activity you love. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1688-1689 | Added on Tuesday, 1 December 2020 23:10:08 New happy chemicals are easier to spark when you build onto existing roots. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1690-1691 | Added on Tuesday, 1 December 2020 23:10:34 Another common grafting strategy is returning to a hobby you loved as a child. Building a hobby into a career is another. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1711-1712 | Added on Tuesday, 1 December 2020 23:14:47 But if you can find the fun in a task you need to master, it helps you persist long enough to pave the circuit. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1728-1729 | Added on Tuesday, 1 December 2020 23:20:53 Struggling to optimize constantly can lead to frustration. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1732-1732 | Added on Tuesday, 1 December 2020 23:21:33 Build a new circuit before you need it. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1733-1733 | Added on Tuesday, 1 December 2020 23:21:43 make new friends before you need them. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1765-1765 | Added on Tuesday, 1 December 2020 23:35:10 “High standards” sounds nice, but it can be an excuse for living with bitterness and resentment while you’re waiting for some abstract ideal. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1982-1983 | Added on Wednesday, 2 December 2020 00:23:11 When you go with the group, you will feel the squeeze on your personal interests. When you focus on yourself, you will feel the pressure on your social ties. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1995-1996 | Added on Wednesday, 2 December 2020 23:21:50 You can see the up side if you make a habit of looking for it. ========== Meet Your Happy Chemicals: Dopamine, Endorphin, Oxytocin, Serotonin (Breuning, Loretta Graziano) - Your Highlight at location 1996-1997 | Added on Wednesday, 2 December 2020 23:22:06 Choice can be so frustrating that people sometimes opt to live in the zoo and then hate the zookeeper. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 227-228 | Added on Thursday, 3 December 2020 00:03:22 “The market likes it when a company reduces its labor costs, either through automation or just consolidating the labor force in general.” ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 226-228 | Added on Thursday, 3 December 2020 00:03:37 “The price of the stock usually goes up when the downsizing is announced,” I said. “The market likes it when a company reduces its labor costs, either through automation or just consolidating the labor force in general.” ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 553-553 | Added on Thursday, 3 December 2020 00:58:19 Opportunities come and go. Being able to know when to make quick decisions is an important skill. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 553-554 | Added on Thursday, 3 December 2020 00:58:26 Opportunities come and go. Being able to know when to make quick decisions is an important skill. You have an opportunity that you asked ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 553-554 | Added on Thursday, 3 December 2020 00:58:29 Opportunities come and go. Being able to know when to make quick decisions is an important skill. You have an opportunity that you asked for. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 639-639 | Added on Thursday, 3 December 2020 01:07:25 doing the right things, saving yourself for some event that never happens. Then, you die a boring old man. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 688-688 | Added on Thursday, 3 December 2020 01:12:23 for passion is anger and love combined. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 842-843 | Added on Thursday, 3 December 2020 23:14:22 But the joy that money brings is often short lived, and they soon need more money for more joy, more pleasure, more comfort, more security. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 864-866 | Added on Thursday, 3 December 2020 23:17:29 “Emotions are what make us human. Make us real. The word ‘emotion’ stands for energy in motion. Be truthful about your emotions, and use your mind and emotions in your favor, not against yourself.” ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 864-865 | Added on Thursday, 3 December 2020 23:17:39 “No, that would be a waste of time,” said rich dad. “Emotions are what make us human. Make us real. The word ‘emotion’ stands for energy in motion. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 864-865 | Added on Thursday, 3 December 2020 23:17:43 “Emotions are what make us human. Make us real. The word ‘emotion’ stands for energy in motion. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 938-939 | Added on Thursday, 3 December 2020 23:28:43 Great civilizations collapsed when the gap between the haves and havenots was too great. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 996-997 | Added on Friday, 4 December 2020 21:37:24 Most people never see these opportunities because they’re looking for money and security, so that’s all they get. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1027-1028 | Added on Friday, 4 December 2020 21:40:55 The best part was that our business generated money for us, even when we weren’t physically there. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1037-1039 | Added on Friday, 4 December 2020 21:41:54 Retirement does not mean not working. To my wife and me, it means that barring unforeseen cataclysmic changes, we can work or not work, and our wealth grows automatically, staying way ahead of inflation. I guess it means freedom. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1058-1059 | Added on Friday, 4 December 2020 21:45:24 Intelligence solves problems and produces money. Money without financial intelligence is money soon gone. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1075-1076 | Added on Friday, 4 December 2020 21:47:15 Most people, in their drive to get rich, are trying to build an Empire State Building on a 6-inch slab. Our school system, having been created in the Agrarian ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1075-1076 | Added on Friday, 4 December 2020 21:47:19 Most people, in their drive to get rich, are trying to build an Empire State Building on a 6-inch slab. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1091-1092 | Added on Friday, 4 December 2020 21:51:01 Rule One. You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is Rule No. 1. It is the only rule. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1182-1183 | Added on Friday, 4 December 2020 22:04:06 That is the reason it is so hard to motivate kids in school today. They know that professional success is no longer solely linked to academic success, as it once was. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1237-1239 | Added on Friday, 4 December 2020 22:10:47 According to psychiatrists, the fear of public speaking is caused by the fear of ostracism, the fear of standing out, the fear of criticism, the fear of ridicule, the fear of being an outcast. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1239-1239 | Added on Friday, 4 December 2020 22:10:54 The fear of being different prevents most people from seeking new ways to solve their problems. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1240-1241 | Added on Friday, 4 December 2020 22:11:16 for it is only when we as humans look into the mirror do we find truth. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1257-1257 | Added on Friday, 4 December 2020 22:13:11 “An intelligent person hires people who are more intelligent than they are.” ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1285-1285 | Added on Friday, 4 December 2020 22:15:45 And when it comes to money, high emotions tend to lower financial intelligence. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1293-1294 | Added on Friday, 4 December 2020 22:16:53 The greatest losses of all are those from missed opportunities. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1458-1459 | Added on Friday, 4 December 2020 22:58:05 One of the main reasons net worth is not accurate is simply because the moment you begin selling your assets, you are taxed for any gains. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1464-1464 | Added on Friday, 4 December 2020 22:58:58 Keep your daytime job, but start buying real assets, not liabilities or personal effects that have no real value once you get them home. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1487-1487 | Added on Saturday, 5 December 2020 01:41:19 Fortunes are made in new-stock issues, ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1488-1488 | Added on Saturday, 5 December 2020 01:41:32 small-cap companies and call them risky, and they are. But risk is always diminished if you love what the investment ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1488-1488 | Added on Saturday, 5 December 2020 01:41:40 But risk is always diminished if you love what the investment is, ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1492-1493 | Added on Saturday, 5 December 2020 01:42:32 kept my daytime job, but I still minded my own business. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1502-1502 | Added on Sunday, 6 December 2020 17:31:20 Keep your daytime job, be a great hard-working employee, but keep building that asset column. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1503-1503 | Added on Sunday, 6 December 2020 17:31:30 As your cash flow grows, you can buy some luxuries. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1506-1506 | Added on Sunday, 6 December 2020 17:31:50 Then, the income generated from the asset column bought their luxuries. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1507-1508 | Added on Sunday, 6 December 2020 17:32:09 A true luxury is a reward for investing in and developing a real asset. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Note at location 1508 | Added on Sunday, 6 December 2020 22:52:26 Yes i teresti g ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1528-1529 | Added on Sunday, 6 December 2020 23:40:09 The reason the middle class is so heavily taxed is because of the Robin Hood ideal. The real reality is that the rich are not taxed. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1529-1529 | Added on Sunday, 6 December 2020 23:40:23 It’s the middle class who pays for the poor, especially the educated upper-income middle class. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1565-1566 | Added on Sunday, 6 December 2020 23:51:48 How the Rich Play the Gam ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1575-1575 | Added on Sunday, 6 December 2020 23:58:14 There really is no recirculation. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1576-1577 | Added on Sunday, 6 December 2020 23:58:24 If you failed to spend your allotted funding, you risked losing it in the next budget. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1579-1581 | Added on Sunday, 6 December 2020 23:59:47 As this cycle of growing government spending continued, the demand for money increased and the “Tax the rich” idea was now being adjusted to include lower-income levels, down to the very people who voted it in, the poor and the middle class. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1582-1582 | Added on Monday, 7 December 2020 00:00:24 A corporation protects the rich. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1586-1587 | Added on Monday, 7 December 2020 00:00:59 the income-tax rate of the corporation was less than the individual income-tax rates. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1596-1597 | Added on Monday, 7 December 2020 00:03:04 Every time people try to punish the rich, the rich don’t simply comply, they react. They have the money, power and intent to change things. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1614-1614 | Added on Monday, 7 December 2020 00:05:37 Without that knowledge, the world pushes you around. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1621-1622 | Added on Monday, 7 December 2020 00:07:26 is “Be smart and you won’t be pushed around as much.” He knew the law because he was a law-abiding citizen. He knew the law because it was expensive to not know the law. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1625-1626 | Added on Monday, 7 December 2020 00:07:50 would be a docile cow ready for milking. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1664-1664 | Added on Monday, 7 December 2020 00:14:13 There is a need to know the “technical” aspects of the market, which is emotion driven; ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1665-1666 | Added on Monday, 7 December 2020 00:14:28 The other market factor is the “fundamental” or the economic sense of an investment. Does an investment make sense or does it not make sense based on the current market conditions. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1674-1676 | Added on Monday, 7 December 2020 00:16:05 utilizing a corporation wrapped around the technical skills of accounting, investing and markets can aid explosive growth. An individual with the knowledge of the tax advantages and protection provided by a corporation can get rich so much faster than someone who is an employee or a small-business sole proprietor. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1678-1678 | Added on Monday, 7 December 2020 00:16:59 Like pay for expenses before it pays taxes. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1680-1681 | Added on Monday, 7 December 2020 00:18:24 earn and get taxed and they try to live on what is left. A corporation earns, spends everything it can, and is taxed on anything that is left. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1687-1687 | Added on Monday, 7 December 2020 00:19:41 They control everything, but own nothing. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1685-1686 | Added on Monday, 7 December 2020 00:20:16 The rich hide much of their wealth using vehicles such as corporations and trusts to protect their assets from creditors. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1692-1693 | Added on Monday, 7 December 2020 00:20:47 Inc. and Grow Rich provides a wonderful insight into the power of personal corporations. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1700-1702 | Added on Monday, 7 December 2020 00:21:23 As part of your overall financial strategy, we strongly recommend owning your own corporation wrapped around your assets. LESSON ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1720-1722 | Added on Monday, 7 December 2020 00:25:10 In the real world outside of academics, something more than just grades is required. I have heard it called “guts,” “chutzpah,” “balls,” “audacity,” “bravado,” “cunning,” “daring,” “tenacity” and “brilliance.” This factor, whatever it is labeled, ultimately decides one’s future much more than school grades. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1725-1726 | Added on Monday, 7 December 2020 00:25:45 Yet, as a teacher, I recognized that it was excessive fear and self-doubt that were the greatest detractors of personal genius. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1727-1727 | Added on Monday, 7 December 2020 00:26:01 Often in the real world, it’s not the smart that get ahead but the bold. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1728-1729 | Added on Monday, 7 December 2020 00:26:10 If fear is too strong, the genius is suppressed. ========== The Slight Edge: Turning Simple Disciplines into Massive Success and Happiness (Jeff Olson) - Your Highlight on page 14 | location 207-207 | Added on Monday, 7 December 2020 19:18:44 material. For example, the discussion that revolves around the “roller coaster” graph ========== The Slight Edge: Turning Simple Disciplines into Massive Success and Happiness (Jeff Olson) - Your Highlight on page 15 | location 223-223 | Added on Monday, 7 December 2020 19:18:57 and by high school they had both ========== The Slight Edge: Turning Simple Disciplines into Massive Success and Happiness (Jeff Olson) - Your Note on page 15 | location 223 | Added on Monday, 7 December 2020 19:19:02 Good show ========== The Slight Edge: Turning Simple Disciplines into Massive Success and Happiness (Jeff Olson) - Your Note on page 16 | location 231 | Added on Monday, 7 December 2020 19:19:23 Twebty two ========== The Slight Edge: Turning Simple Disciplines into Massive Success and Happiness (Jeff Olson) - Your Highlight on page 16 | location 231-231 | Added on Monday, 7 December 2020 19:19:23 lost everything. ========== Brain : The Story of You (9781101870549) (David Eagleman) - Your Note at location 43 | Added on Monday, 7 December 2020 19:57:52 Eee ========== Brain : The Story of You (9781101870549) (David Eagleman) - Your Highlight at location 43-43 | Added on Monday, 7 December 2020 19:57:52 future of our species. ========== Brain : The Story of You (9781101870549) (David Eagleman) - Your Highlight at location 118-119 | Added on Monday, 7 December 2020 19:58:02 This is a smart strategy to match a brain to its environment – but it also comes ========== Brain : The Story of You (9781101870549) (David Eagleman) - Your Note at location 119 | Added on Monday, 7 December 2020 19:58:07 YAauauaj ========== Looking Out For #1 (Ringer, Robert) - Your Highlight at location 40-40 | Added on Monday, 7 December 2020 20:57:26 greatest amount of pleasure and least amount ========== Looking Out For #1 (Ringer, Robert) - Your Note at location 40 | Added on Monday, 7 December 2020 20:57:34 Hello woel ========== Looking Out For #1 (Ringer, Robert) - Your Highlight at location 50-53 | Added on Monday, 7 December 2020 21:04:38 lamb whose interests, goals, and happiness are always subordinated to the interests, goals, and happiness of everyone with whom you come in contact—particularly those whom you do not count among your friends or loved ones. Trying to please everyone is a well-known formula for unhappiness. Clearly, then, not only does your achieving happiness and success not in any way harm others, it also puts you in a position to make constructive contributions to ========== Looking Out For #1 (Ringer, Robert) - Your Highlight at location 56-57 | Added on Monday, 7 December 2020 21:04:47 plural pronouns such as “they,” I have, for the sake of convenience only, chosen to use the masculine gender throughout this book in most instances ========== Looking Out For #1 (Ringer, Robert) - Your Highlight at location 60-62 | Added on Monday, 7 December 2020 21:05:02 decisions that lead to the greatest amount of happiness over the long term, so long as the actions stemming from those decisions do not involve the use of force or fraud against anyone else. Long-term thinking is a critical aspect of looking out for number one, because short-term pleasure can be self-destructive if not weighed against ========== Looking Out For #1 (Ringer, Robert) - Your Note at location 62 | Added on Monday, 7 December 2020 21:05:07 Hhaahaha ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1810-1811 | Added on Monday, 7 December 2020 22:53:08 It is not so much what happens, but how many different financial solutions you can think of to turn a lemon into millions. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1810-1811 | Added on Monday, 7 December 2020 22:53:13 It is not so much what happens, but how many different financial solutions you can think of to turn a lemon into millions. It is how creative you are in solving financial problems. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1903-1903 | Added on Monday, 7 December 2020 23:02:40 Investment strategies. The science of money making money. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1903-1903 | Added on Monday, 7 December 2020 23:02:59 The market. Supply and demand. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 1905-1906 | Added on Monday, 7 December 2020 23:03:19 The law. The awareness of accounting, corporate, state and national rules and regulations. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2005-2006 | Added on Monday, 7 December 2020 23:25:37 Great opportunities are not seen with your eyes. They are seen with your mind. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2008-2009 | Added on Monday, 7 December 2020 23:26:08 But always remember to have fun. This is only a game. Sometimes you win and sometimes you learn. But have fun. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2013-2014 | Added on Monday, 7 December 2020 23:26:54 But losers are. Failure is part of the process of success. People who avoid failure also avoid success. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2090-2090 | Added on Monday, 7 December 2020 23:35:12 “They are one skill away from great wealth.” ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2227-2228 | Added on Monday, 7 December 2020 23:52:10 The world is filled with talented poor people. All too often, they’re poor or struggle financially or earn less than they are capable of, not because of what they know but because of what they do not know. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2255-2255 | Added on Monday, 7 December 2020 23:55:52 Today it would be called a synergy of professional specialities. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2258-2259 | Added on Monday, 7 December 2020 23:56:48 The better you are at communicating, negotiating and handling your fear of rejection, the easier life is. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2263-2263 | Added on Tuesday, 8 December 2020 00:03:36 In addition to being good learners, sellers and marketers, we need to be good teachers as well as good students. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2288-2289 | Added on Tuesday, 8 December 2020 00:08:32 It’s how you handle fear. It’s how you handle losing. It’s how you handle failure that makes the difference in one’s life. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2324-2325 | Added on Tuesday, 8 December 2020 00:25:18 So for most people, the reason they don’t win financially is because the pain of losing money is far greater than the joy of being rich. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2348-2349 | Added on Tuesday, 8 December 2020 00:28:08 Failure inspires winners. And failure defeats losers. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2366-2366 | Added on Tuesday, 8 December 2020 00:30:56 Put a lot of your eggs in a few baskets. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2365-2366 | Added on Tuesday, 8 December 2020 00:31:03 If you have any desire of being rich, you must focus. Put a lot of your eggs in a few baskets. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2420-2420 | Added on Tuesday, 8 December 2020 23:22:39 Only a person’s doubts keep them poor. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2470-2471 | Added on Tuesday, 8 December 2020 23:29:36 That’s the most common form of laziness. Laziness by staying busy. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2588-2588 | Added on Wednesday, 9 December 2020 21:29:27 I NEED A REASON GREATER THAN REALITY: ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2646-2647 | Added on Wednesday, 9 December 2020 21:37:29 but their balance sheet paints a different picture. A truly intelligent person welcomes new ideas, for new ideas can add to the synergy of other accumulated ideas. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2647-2647 | Added on Wednesday, 9 December 2020 21:37:34 A truly intelligent person welcomes new ideas, for new ideas can add to the synergy of other accumulated ideas. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2661-2661 | Added on Wednesday, 9 December 2020 21:42:41 So I also learn from my friends ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2661-2661 | Added on Wednesday, 9 December 2020 21:42:45 So I also learn from my friends who struggle financially. I find out what not to do. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2676-2677 | Added on Wednesday, 9 December 2020 21:44:27 If a great deal is on the front page, it’s too late in most instances. Look for a new deal. As we used to say as surfers: “There is always another wave.” ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2676-2677 | Added on Wednesday, 9 December 2020 21:44:38 If a great deal is on the front page, it’s too late in most instances. Look for a new deal. As we used to say as surfers: “There is always another wave.” People who hurry and catch a wave late usually are the ones who wipe out. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2678-2678 | Added on Wednesday, 9 December 2020 21:45:03 If they miss a wave, they search for the next one and get themselves in position. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2681-2682 | Added on Wednesday, 9 December 2020 21:46:04 Just like a surfer, they get in position for the next big swell. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2796-2797 | Added on Wednesday, 9 December 2020 22:02:22 so I could buy my Porsche quicker. A broker is your eyes and ears to the market. They’re there every day so I do not have to be. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2796-2797 | Added on Wednesday, 9 December 2020 22:02:26 A broker is your eyes and ears to the market. They’re there every day so I do not have to be. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2805-2806 | Added on Wednesday, 9 December 2020 22:03:26 “Never ask an encyclopedia salesperson if you need an encyclopedia.” ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2806-2807 | Added on Wednesday, 9 December 2020 22:12:27 When I interview any paid professional, I first find out how much property or stocks they personally own and what percentage they pay in taxes. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2810-2811 | Added on Wednesday, 9 December 2020 22:12:53 Find a broker who has your best interests at heart. Many brokers will spend the time educating you, and they could be the best asset you find. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2815-2816 | Added on Wednesday, 9 December 2020 22:13:35 The real skill is to manage and pay well the people who are smarter than you in some technical area. That is why companies have a board of directors. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2843-2843 | Added on Wednesday, 9 December 2020 22:17:47 it’s the assets you get for free once you get your money back. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2939-2939 | Added on Wednesday, 9 December 2020 22:30:35 You can get there on your own, but it’s easier with the help of the powers that ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2939-2939 | Added on Wednesday, 9 December 2020 22:30:40 You can get there on your own, but it’s easier with the help of the powers that be. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2939-2940 | Added on Wednesday, 9 December 2020 22:30:51 You can get there on your own, but it’s easier with the help of the powers that be. All you need to be is generous with what you have, and the powers will be generous with you. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2955-2956 | Added on Wednesday, 9 December 2020 22:34:10 Find someone who has done what you want to do. Take them to lunch. Ask them for tips, for little tricks of the trade. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2974-2975 | Added on Wednesday, 9 December 2020 22:36:49 The game of buying and selling is fun. Keep that in mind. It’s fun and only a game. Make offers. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2974-2975 | Added on Wednesday, 9 December 2020 22:37:23 The game of buying and selling is fun. Keep that in mind. It’s fun and only a game. Make offers. Someone might say “yes.” ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2976-2977 | Added on Wednesday, 9 December 2020 22:37:46 And I always make offers with escape clauses. In real estate, I make an offer with the words “subject to approval of business partner.” ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2978-2979 | Added on Wednesday, 9 December 2020 22:38:06 So many people make things too difficult and take them too seriously. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2982-2983 | Added on Wednesday, 9 December 2020 22:38:38 Search, offer, reject, negotiate and accept are all parts of the process of almost everything in life. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2985-2985 | Added on Wednesday, 9 December 2020 22:39:15 For there to be profit in a deal, there must be two elements: a bargain and change. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2985-2986 | Added on Wednesday, 9 December 2020 22:39:24 There are lots of bargains, but it’s change that turns a bargain into a profitable opportunity. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 2990-2991 | Added on Wednesday, 9 December 2020 22:40:26 I talk to retailers, especially new ones, and find out why they’re moving in. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 3006-3006 | Added on Wednesday, 9 December 2020 22:48:22 Buy the pie and cut it in pieces. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 3036-3038 | Added on Wednesday, 9 December 2020 22:52:36 The home had on it what is called a non-qualifying loan, which means even a bum without a job could buy it without a banker’s approval. The owner owed $72,000 so all my friend had to come up with was $7,000, the difference in price between what was owed and what it sold for. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 3056-3056 | Added on Wednesday, 9 December 2020 22:54:33 Every self-made person started small with an idea, then turned it into something big. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 3056-3057 | Added on Wednesday, 9 December 2020 22:54:51 Every self-made person started small with an idea, then turned it into something big. The same applies with investing. It takes only a few dollars to start and grow it into something big. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 3063-3063 | Added on Wednesday, 9 December 2020 22:55:45 It’s what is in your head that determines what is in your hands. ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 3094-3095 | Added on Wednesday, 9 December 2020 22:57:25 “The key to becoming wealthy is the ability to convert earned income into passive income and/or portfolio income as quickly as possible.” ========== Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not! (Kiyosaki, Robert T.;Lechter, Sharon L.) - Your Highlight at location 3095-3096 | Added on Wednesday, 9 December 2020 22:57:35 “The taxes are highest on earned income. The least taxed income is passive income. That is another reason why you want your money working hard for you. ==========