📚 Books Reviews

Amogh Yaduvanshi

Rich Dad and Poor Dad

This was actually my first ever financial book which I read. The author of the personal finance book "Rich Dad Poor Dad" is Robert Kiyosaki. The story is based on Kiyosaki's own experiences growing up with two father figures: his biological father, a highly educated government official (referred to in the book as the "Poor Dad"), and the self-made billionaire father of his best friend (referred to in the book as the "Rich Dad").

The book contrasts the philosophies and spending habits of these two fathers and provides insight into how each method impacts their capacity to generate income. The secret to financial success, in Kiyosaki's opinion, is not one's level of education or job title, but rather one's outlook on and approach to money.

The book offers a variety of concepts, such as the significance of developing passive income sources, establishing investments that generate cash flow, and being financially literate. As opposed to playing it safe and avoiding risk completely, Kiyosaki emphasizes the need for taking chances and learning from failure.

In general, "Rich Dad Poor Dad" exhorts readers to develop a mindset centered on accumulating wealth and financial freedom rather than merely working for a wage and living paycheck to paycheck.

My favorite Quotes
  • "The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth."
  • "In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don't make mistakes."
Amogh Yaduvanshi

The Psychology of Money - hardback edition: Timeless lessons on wealth, greed, and happiness

"The Psychology of Money" by Morgan Housel is a book that explores the intersection between psychology and finance. Housel draws on his experience as a financial journalist and investor to provide insights into how people think about and manage their money.

The book is structured around a series of short chapters that focus on different aspects of financial psychology, including the importance of time, the role of luck, the influence of culture and society, and the dangers of greed and fear. Housel argues that while financial success is often attributed to intelligence or expertise, it is often more closely tied to behavioral patterns and attitudes towards money.

Throughout the book, Housel provides examples and anecdotes that illustrate his points, drawing from a range of historical and contemporary figures. He also offers practical advice on how to manage money more effectively, including tips on budgeting, investing, and saving.

Overall, "The Psychology of Money" is a thought-provoking and insightful exploration of the psychological factors that shape our financial lives. It offers a fresh perspective on the often complex and daunting world of finance, and provides readers with practical insights into how to manage their money more effectively.

My favorite Quotes
  • "The ability to do well with what you have, rather than always wanting more, is a vital part of being good with money."
  • "Wealth is hidden in the gaps between what we think money can do for us and what we've already achieved with the money we have."
  • "Money is interesting not because it is complex but because it is simple, universal, and emotional."
  • "In personal finance, the essential benefit of simplicity is freedom."
Amogh Yaduvanshi

Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones

"Atomic Habits" by James Clear is a book that explores the idea of making small, incremental changes to create lasting habits. Clear draws on a wide range of scientific research and real-world examples to provide a practical guide for anyone looking to improve their habits and achieve their goals.

Overall, "Atomic Habits" is a comprehensive and practical guide to building and sustaining positive habits. The book provides readers with a clear roadmap for creating lasting changes in their lives, and emphasizes the importance of starting small and focusing on continuous improvement.

My favorite Quotes
  • "Every action you take is a vote for the type of person you wish to become."
  • "The most effective way to change your habits is to focus not on what you want to achieve, but on who you wish to become."
  • "If you're having trouble changing your habits, the problem isn't you. The problem is your system."
  • "The most powerful outcomes are delayed. You need to be patient to see the results of your habits."
Amogh Yaduvanshi

The subtle art of not giving a f

The Subtle Art of Not Giving a F*ck" is a self-help book written by Mark Manson. The book challenges the traditional self-help and positive thinking approaches and encourages readers to embrace their flaws, prioritize what truly matters to them, and let go of things that don't.

The central idea of the book is that by accepting that life is inherently difficult and that we can't control everything, we can focus our time and energy on what truly matters to us and find fulfillment in the process. Manson argues that trying to avoid pain and discomfort is counterproductive and that embracing these negative experiences can lead to personal growth and a more fulfilling life.

The book also emphasizes the importance of taking responsibility for our own lives, being honest with ourselves about our limitations and weaknesses, and letting go of the need for constant validation and approval from others.

Overall, "The Subtle Art of Not Giving a F*ck" provides a refreshing and thought-provoking perspective on self-improvement and personal growth, encouraging readers to focus on what truly matters and let go of the rest.

My favorite Quotes
  • "The desire for more positive experience is itself a negative experience. And, paradoxically, the acceptance of one’s negative experience is itself a positive experience."
  • "Not giving a f*ck does not mean being indifferent; it means being comfortable with being different."
  • "Pain is an inextricable thread in the fabric of life, and to tear it out is not only impossible, but destructive: attempting to tear it out unravels everything else with it."
  • "Problems may be inevitable, but the meaning of each problem is not. We get to control what our problems mean based on how we choose to perceive them."
Amogh Yaduvanshi

The 4-Hour Workweek

The 4-Hour Workweek is a self-help book written by Timothy Ferriss and originally published in 2007. The book provides a blueprint for achieving a life of financial independence, mobility, and freedom through entrepreneurship and the strategic use of technology.

This book is divied into 4 parts

Definition - In this section, Ferriss introduces the concept of the "New Rich" (NR), a group of people who have leveraged technology and unconventional business strategies to create a life of freedom and mobility. He outlines the principles and mindset required to become part of this group.

Elimination - In this section, Ferriss focuses on the idea of "elimination," or getting rid of unnecessary work and focusing on the most important tasks. He provides strategies for outsourcing, automating, and delegating work in order to free up time and create a more efficient business.

Automation - In this section, Ferriss explains how to automate as much of your business as possible, in order to reduce the amount of time and effort required to maintain it. He provides specific examples of tools and techniques that can be used to automate various aspects of your business.

Liberation - In this section, Ferriss discusses how to create a life of freedom and mobility, using the time and resources gained through entrepreneurship and automation. He provides strategies for traveling, experiencing new cultures, and pursuing personal passions.

My favorite Quotes
  • "The 80/20 principle, in simplest terms, is that 80% of results come from 20% of efforts."
  • "People will choose unhappiness over uncertainty."
  • "Someday is a disease that will take your dreams to the grave with you."