Saturday, January 26, 2008

How to get rich by Donald Trump

In the book, "How to get rich" by Donald Trump and Meredith McIver, the authors explain techniques that you can follow to get rich. They also explain habits and traits that millionaires exhibit.

Key takeaways from the book are:

  1. Money is not an end in itself, but it is sometimes the most effective way to help us realize our dreams
  2. Begin working at a young age, to become rich
  3. If you are careful when recruiting employees, management becomes easier
  4. Even the best surgeon needs to be retrained regularly to stay current on the latest research and procedures
  5. Don’t expect your employees to work harder than you do
  6. Be optimistic, but always be prepared for the worst
  7. Don’t let anyone be your yardstick. That’s taking power away from yourself in a big way
  8. Millionaires never try to do another man’s job
  9. Never borrow long term with the prospects of short-term income
  10. If you love, absolutely love what you are doing, chances are excellent that you’ll succeed

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