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Which one skill do most of us possess but not use enough?

Warren Buffett

"Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it."

Warren Buffett

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Warren Buffett
“Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest. All of you can..."
Warren Buffett
Learning constantly

To get better results in life you need to learn constantly. And the best way to learn is to read effectively and a lot.

Upgrading your brain

A new idea, outlook on life, mental model, is all it takes for something to click inside your brain.

Your brain will start making connections between books that seemed to be on different topics. The more you read, the more links you form and the richer your understanding becomes.

Journaling approaches
  • The Gratitude Journal: Simply write about something that you’re grateful for.
  • Morning Pages: Before starting work each day, write 3 pages, long-ha...
What you write, you learn

The key to learning is to stop passively consuming information and start actively engaging with the ideas we encounter.

One effective way researchers have found to reinforce learning is through reflective writing: It promotes the brain’s attentive focus, boosts long-term memory, illuminates patterns and gives the brain time for reflection.

What you write, you control
  • Recording your thoughts in a medium outside your own head helps your mind to become quieter: It stops returning to the same worn-out mental loops over and over. 
  • When you recount and reflect upon your thoughts and experiences you are, in effect, telling your own story. Journaling helps us clarify, edit, and find new meaning in these narratives.
"Rich Dad, Poor Dad" is Fiction

John T. Reed, a real estate investor, looked into the accuracy of Kiyosaki's best-selling book and found it inaccurate:

  • The Rich Dad is most likely an invention. ...
"Rich Dad, Poor Dad" contains dangerous advice

According to John T. Reed the famous book is filled with bad advice:

Dangerous advice

  • "If you're gonna go broke, go broke big"
  • Convinces people that college is for suckers

Law-breaking advice

  • Advocates committing a felony: have rich friends for trading stock based on non-public inside information, he says "That's what friends are for."
  • Recommends tax fraud by deducting vacations and health club dues
  • Brags about using a partner weasel clause in which his cat is his partner
Kiyosaki is making money from a personality cult

Many critics pointed out that Kiyosaki is selling a cult, not financial advice.

He is accused of tapping into the fantasies of the masses & being short on specifics, both attributes of religious cults.