BC LEARNING

Saved by @vasantsri_

Deep Note
@1DeepNote 2 years, 4 months ago 364 views

Save to PDF Share See On Twitter

Top 10 Personal Finance Books

⚡️Book Thread⚡️

+ Best quotes

These ten books have ten different and powerful approaches to accumulating personal wealth.

1. Think and Grow Rich

”The object is to want money, and to be so determined to have it that you convince yourself that you will have it.”

2. Secrets of the Millionaire Mind

"The vast majority of people simply do not have the internal capacity to create and hold on to large amounts of money and the increased challenges that go with more money and success."

3. The Money Book for the Young, Fabulous & Broke

"You picked up this book because you are broke. Keep reading and you will discover what you need to know--and do--so you will not be broke forever."

4. Total Money Makeover

"What I have done is packaged the time-honored information into a process that is doable and has inspired millions to act on it."

5. The Millionaire Next Door

‘People whom we define as being wealthy get much more pleasure from owning substantial amounts of appreciable assets than from displaying a high-consumption lifestyle.’

6. The Science of Getting Rich

"No man can rise to his greatest possible height in talent of soul development unless he has plenty of money."

7. Your Money or Your Life

"Conditions have changed, but we are still operating financially by the rules established during the Industrial Revolution--rules based on creating more material possessions. But our high standard of living has not led to a high quality of life"

8. The Millionaire Fast Lane

"Show me a 22-year-old who got rich investing in mutual funds. Show me the young twenty-something who got rich clipping coupons. Where are these people? They don't exist."

9. Rich Dad, Poor Dad

"The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income."

10. The Richest Man In Babylon

"Budget thy expenses that thou mayest have coins to pay for thy necessities, to pay for thy enjoyments and to gratify thy worthwhile desires without spending more than nine-tenths of thy earnings."

More from Deep Note

Deep Note
@1DeepNote

12 Best Quotes from the Book “The Obstacle Is the Way”

⚡️Book Review⚡️

1. “Whatever we face, we have a choice: Will we be blocked by obstacles, or will we advance through and over them?”

2. “There is no good or bad without us, there is only perception. There is the event itself and the story we tell ourselves about what it means.”

3. “Focusing exclusively on what is in our power magnifies and enhances our power.”

4. “Our perceptions determine, to an incredibly large degree, what we are and are not capable of. In many ways, they determine reality itself.

👉When we believe in the obstacle more than in the goal, which will inevitably triumph?”

Deep Note
@1DeepNote

12 Top Lessons From the Book “ Rework“

📗Book Review

1.Mistakes and Learning

📝Learning from your success will always tell you what to do next, therefore it is important to understand that failure is not a prerequisite to success.

👉🏻When you learn from your mistakes, you learn what NOT to do.

2.Don’t let the past drive the future

❌You have to learn to go in new directions, because that is what suitable today.

✅ If you break your tasks into smaller tasks, you are much more likely to be accurate, compared to estimate something big.

3.Premature Growth means death

🌐See what feels right, small companies wish they were big, and big companies wish they were more agile.

❗ Premature growth is a death point, don’t grow for the sake of growing.

4. Don’t be a Workaholic

🗝️Workaholics create more problems than they solve. If you always work hard you don’t know what are considered to be real problems.

❌ Work hard when required, not all the time — you will burn out.

Advertisement

Deep Note
@1DeepNote

10 Life-changing Lessons From the Book “The Art of the Good Life”

⚡️Book Review⚡️

- By Million-selling author of The Art Of Thinking Clearly

1. Peak-end Rule:

You remember the high point and the end point of your holiday, but the rest is forgotten.

👉Remind to make them as sweet as possible.

2. Plans are nothing. Planning is everything.

A good life is not a stable state or condition.

👉The good life is only achieved through constant readjustment.

3. Inflexibility as a Stratagem

When it comes to important issues, flexibility isn’t an advantage – it’s a trap.

👉Use radical inflexibility to reach long-term goals that would be unrealizable if their behavior were more flexible.

4. Reality Doesn’t Care About Your Feelings

👉Accepting reality is easy when you like what you see, but you’ve got to accept it even when you don’t – especially when you don’t.

Deep Note
@1DeepNote

10 Incredible Lessons From the Book “Zero to One”

⚡️Book Review⚡️

1. Focus on One Thing

👉 The truly successful ones will put all of their effort behind one unique idea or business plan and throw all of their weight behind that effort.

2. The 80/20 Rule

80% of your profits or yield will be produced by 20% of your customers or products.

👉This fact is also true for most of the other topics.

3. Invest Early

Maximizing retirement savings should be a key interest to any successful entrepreneur.

👉It will lead to greater dividends as you age and will generate wealth much more quickly than you might think.

4. Ignore the Common Wisdom

To be successful, to truly create a 1 from 0, you’ll need to:

👉 think for yourself and come up with a new product or solution that people don’t already know that they need.

Deep Note
@1DeepNote

10 Life-Changing Lessons “The Art of War” by Sun Tzu

⚡️Book Thread⚡️

1. “Let your plans be dark and impenetrable as night, and When you move, fall like a thunderbolt.”

We should devote a significant amount of time to planning.

But remember, without solid action, a plan is just a plan, and nothing more.

2. "There are not more than five primary colors, yet in combination, they produce more hues than can ever be seen.”

It’s not about the number of tools you have, it’s about how you use them.

3. “If he sends reinforcements everywhere, he will everywhere be weak.”

Focus is important in order to succeed.

Concentrate on key areas of improvement, and don’t try to be everything and anything at once.

4. “There is no instance of a nation benefiting from prolonged warfare.”

We shouldn't wait forever to tackle our problems

We should make progress toward our goals as soon as possible

More from Learning

$Savio Martin \u26a1\ufe0f$

Savio Martin ⚡️...
@saviomartin7

Best YouTube Channels to learn Web Development

A Thread 🧵👇️

1. FreeCodeCamp

FreeCodeCamp is a non-profit organisation that'll teach to learn to code for free.

https://t.co/TfMCxjaE0r 🔗

{ 1 / 10 }

2. Traversy Media

Traversy Media creates crash courses to learn programming in a very easy way. He also collaborates with great creators.

https://t.co/EwwtdO0vRw 🔗

{ 2 / 10 }

3. codeSTACKr

codeSTACKr creates useful content on web development including HTML, CSS and JavaScript.

https://t.co/4Pww7BcMRd 🔗

{ 3 / 10 }

4. Code with Ania Kubów

Ania Kubów is a software developer who creates videos on building amazing apps from scratch.

https://t.co/6Hwrfiirw3 🔗

{ 4 / 10 }

$Ross \U0001f4a1$

Ross 💡
@THEROSSHARKNESS

11 books that will change your life:

1. Think and Grow Rich by Napoleon Hill

Lessons:

- Your thoughts are more powerful than you think
- Your why is powerful

2. Can’t Hurt Me by David Goggins

Lessons:

- You are capable of much more than you think
- Pain is inevitable, suffering is optional

3. The 4 Hour Work Week by Tim Ferris

Lessons:

- It’s possible to work less but earn more
- The goal isn’t necessarily more money

4. Awaken The Giant Within by Tony Robbins

Lessons:

- How you talk to yourself is everything
- Change happens in an instant

Advertisement

swapnilkabra
@caswapnilkabra

While learning accountancy a student is taught to
👉Debit all expenses, credit all income.
👉Debit all assets, credit all liabilities.
👉Debit the receiver, credit the giver.
Why is it so?
Let us find out the rationale behind three golden rules of accounts. 👇🧵 (1/n)

'Balance Sheet' and 'Profit & Loss Account' are two important aspects to learn accountancy.
Let us first understand how to interpret a Balance Sheet. (2/n)

Balance sheet is a simple snapshot of ‘Sources of funds’ (‘Liabilities’) and ‘Application of funds’ (‘Assets’) as on a ‘particular’ day. (3/n)

It is important to note that the Balance sheet may change every day. That’s because the liabilities side and the assets side may change frequently.
Example: The customer from whom the amount was receivable (Debtor) will get converted into Cash the moment he pays money. (4/n)

Suppose a businessman starts a business with his own money (equity/owner’s fund) and uses this money to buy various assets. (5/n)

Kurtis Hanni
@KurtisHanni

15 books you should read every year:

Think Again by Adam Grant

Lessons:
• We are most confident when we lack competence (Dunning-Kruger effect)
• Admitting that you don’t know something is a superpower

Never Split the Difference by Chris Voss

Lessons:
• Build trust through mirroring and tone of voice
• Take things slowly

1984 by George Orwell

Lessons:
• We are shaped by our circumstances
• Our past is controlled by our present

Deep Work by Cal Newport

Lessons:
• Our attention span is 8-seconds
• Stop working at the same time each day and shut everything off

$Nathan Barry \U0001f1fa\U0001f1e6$

Nathan Barry 🇺🇦...
@nathanbarry

The Ladders of Wealth Creation—a step-by-step roadmap to building wealth:

Making money is a skill—like playing the drums or piano—that you can get better at over time.

I wouldn’t expect to be able to sit down at a piano for the first time and play a concerto. The same is true for making money.

This is why most first companies fail.

The Ladders of Wealth Creation breaks an insanely complicated topic of building wealth into the component parts and skills to give you a roadmap of what to do first.

Look at this graphic, then we’ll break down each step.

Ladder 1: Time for Money

The first ladder is trading time for money. This is how most people you know earn a living.

It may start with an hourly job working for Starbucks, but then transition into a salaried position working at a company.

The skills for success are simple, but critical:

1. Show up consistently
2. Being reliable
3. Eager to learn

Every job requires those three things.

To climb the ladder to a salaried position you need to specialize in certain skills (design, copywriting, legal, nursing, etc).

You May Also Like

SK
@sk_diary1

Andhakasuravadha Samharamurti -#story #Thread
Sculpture of Bhagwan Shiva as the destroyer of the Asura Andhaka - Cave 29,Ellora caves

Asura Andhaka hangs on to a trishula held by 6-armed Shiva.

Once Parvathi & Shiva were relaxing in the pleasant gardens of Mount Mandhara.

Bhagwan Shiva sat down there to enjoy the happiness.Parvati closed the eyes of Shiva playfully & darkness covered the whole universe.Parvati was perplexed & her palms were wet with perspiration.A few drops of her sweat mixed with sweat from Shiva’s body& fell to the ground.

From this sweat,a fierce creature was born,it started to roar.Child was born blind as Shiva's eyes were closed so was named as Andaka.Andha means darkness&also ignorance.Around the same time Asura Hiranyaksha was performing rigorous tapas Shiva for a boon of powerful son.

Bhagwan Shiva was pleased by tapas of Hiranyaksha & blessed him with darshan.Hiranyaksha asked for a powerful son,Shiva told him that he cannot have his own son,but can adopt a blind child who would become very powerful later.Shiva gave child Andaka to Hiranyaksha.

Hiranyaksha returned to his kingdom with Andaka.Later after the vadh of Hiranyaksha, Andaka is said to have lived with his cousins.He was ridiculed,so dejected Andaka went to forest.He did severe tapas for over many years towards Brahma Dev. Brahma dev appeared before him.

Suchi Sharma
@Suchi_sharma_

#THREAD
1.Meenakshi Amman Temple(472ft High)also called as Meenakshi Sundareswarar is a famous Hindu temple located on the southern bank of Vaigai River in temple city of Madurai, #TamilNadu.It is dedicated to Parvati(Meenakshi)& her consort Shiva(Sundareswarar). @LostTemple7

2.Madurai Meenakshi Sundareswarar temple was built by King Kulasekara Pandya (1190-1216 CE).This popular temple visits over 15000 visitors daily & around 25000 on #Friday !Friday sees the most number of devotees visit the temple with the number going as high as +25,000.

3.Meenakshi Temple also hosts an annual festival called Meenakshi Thirukalayanam that is held in April. A celestial wedding of the god and goddess marks the end of the festival. About 1 million devotees visit the temple during this festival.

4.the temple has been tagged as one of the seven wonders of India along with stunning Architecture.The temple is built using Dravidian South Indian style of architecture, and is one of the most impressive temple structures in South India.

5.The principle deity here is MEENAKSHI, a form of Goddess Parvati. The idol of the goddess is carved in emerald hued stone. The Meenakshi idol has 3 breasts as Meenakshi was born with three breasts and was blessed that the 3rd breast would vanish once meets right man of her life

Advertisement

dan spaceman
@ohlaika

ugh i wanted to do a thread about the wars in Star Wars and how the two outlying wars (the clone wars in the prequels and the cold war/civil war in the sequels) are really weird but i don't feel like it any more.

my first argument is that the Clone Wars were a really complex morally gray moment in Star Wars canon in like, 5 different directions and I'd kind of like to know why Lucas did that.

especially with the direct line that's drawn in the OT with the allegory of WW2 and Vietnam with the rebels being the Vietnamese and the Empire being America. That...doesn't exist in the Clone Wars.

for starters: it's weird it's called the Clone Wars. I get why, because that's what Kenobi calls it in STAR WARS, but the clones are a small facet in the larger story of the war.

the clones basically only exist as a macguffin in AOTC that is...extremely confusing ultimately. Because if you accept that Sidious has this grand master plan to use this war to destabilize the Republic and form an Empire...it's way too complex.

$Anu Satheesh \U0001f1ee\U0001f1f3$

Anu Satheesh 🇮🇳...
@AnuSatheesh5

Thiruvizha Mahadeva Kshetram
#Alappuzha
#Keralatemples 🚩

Thiruvizha Mahadeva Kshetram is located in Cherthala and it is believed that Prathishta of temple was done by Vilwamangalam Swamy. Paramashiva is Swayambhu here and is worshipped as Kalakandha which means who swallowed

Halahala visham to save the world during Samudra mathanam.

It is a famous temple where people seek the blessings, for curing the Kaivisham. The poison given by someone to destroy a person is made to vomit here. This is removed by making them vomit the poison by a special

medicine.
The medicine for vomiting is made from a plant near temple by Palodathu family. The milk offered to Bhagwan is mixed with the extracts of the plant.

Story says that once this place was a dense forest, and a woman was looking for the presence of a tortoise in the pond

and the tip of her stick hit the bottom and it started bleeding in the pond.
Frightened, the lady informed every one and after searching in pond people found Swayambhu Lingam inside the pond. Thus Prathishta was done here.

Om Namah Shivaye
Shambo Mahadeva
🙏🕉🙏

Techno Funda Investing
@TechnoFunda6

Thread 🧵explaining #ROE & #ROCE and its use in #FundamentalAnalysis

(Must read for #FA learners)

🙏Like & RT to spread learning with all 🙏

Views Welcome 👉 @dmuthuk @Vivek_Investor @datta_arvind @caniravkaria @FI_InvestIndia @AdityaD_Shah

#FundamentalAnalysis #StockMarket

1⃣

Return on Equity (#ROE) and Return on Capital Employed (#ROCE) are two important Financial Ratios used in #FundamentalAnalysis of Stocks.

#StockMarket #Investing

2⃣

Return on Equity (ROE) is the ratio of Net Income (Net Profit) of a company and it’s Total Equity (Shareholder's Equity).

Here - Shareholders Equity = Share Capital + Reserves & Surplus.

#StockMarket #Investing #FundamentalAnalysis

3⃣

#ROE is a measure of how much net profit a company is making for every rupee invested by its shareholders in the company.

It can be said that higher the ROE, better it is for the equity shareholders. It tells shareholders about how effectively their money is being used.

4⃣

However, you should not trust high ROE blindly. Biggest drawbacks or weaknesses of ROE is that it completely ignores debt.

Hence for companies having high levels of debt, ROE will give a higher but misleading value & therefore we need to look at #ROCE along with #ROE.