The 10% Entrepreneur

512yyp-6fhlBook #2: The 10% Entrepreneur: Live Your Startup Dream Without Quitting Your Day Job, Patrick J. McGinnis

Have you ever dreamed of creating your own startup, owning your own company or working for yourself?  There are many enticing aspects of being an entrepreneur.  But the cold, hard reality is that entrepreneurship is a high-risk, time intense and exhausting proposition with a low success rate relative to traditional employment.  But there is hope for those with the drive for freedom and independence.  In this book, Patrick McGinnis discusses the idea of setting aside 10% of your time and finances to pursue entrepreneurial endeavors in order to minimize the risk and contain the costs.  He lays out a roadmap for achieving your dreams.  It is a fascinating read.

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Rich Dad, Poor Dad

b0175p82ra-01-lBook #1: Rich Dad, Poor Dad: What the Rich Teach their Kids about Money that the Poor and Middle Class do not!  Robert Kiyosaki
Do you want to be rich?  Do you know how to be rich?  Unless you have a mentor, there is really no formal track for financial education today.  As a result, many people are financially illiterate.  In this book, Robert Kiyosaki shares the wisdom that he learned from his financial mentor, “Rich Dad.”  He explains that wealth is not just a net worth but a mindset about managing money.  He explains from personal experience the differences between income, expenses, assets and liabilities and how to direct funds between these categories for wealth creation.  While reading this book will not automatically make everyone Warren Buffet, this book does a great job in helping people understand a personal expense sheet and increasing financial IQ.
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More Coming

It’s a new year…  And 2017 is the 4th year of book reviews.  Over the last 3 years I have read a bunch of great books.  And this year is shaping up to be no exception.  I have several books just waiting to be posted.  So stay tuned – more book reviews coming soon.

Best Books of 2016

Ok, so I am a little behind with the last few posts of 2016.  Looking back over the year there  was a great variety of topics.  Here is the annual top five list…  with a bonus.

This is by far the best book that I have read this year.
The best book of comparative economics and why a market based system is the best way
Best treatise on conservative values and policies and why they are the best policies to support the poor
Best book that I have read to date about Biblical manhood.
Interesting description about the rise of ISIS

6. Creativity, Inc: Overcoming the Unseen Forces that Stand in the Way of True Inspiration, Ed Catmull
Inspiring story of the Pixar company and how they foster a culture of creativity

 

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Hillbilly Elegy

91epx6odutlBook #32: Hillbilly Elegy, J.D. Vance

Is poverty a state you find yourself in or a mindset, or both?  Why do so many poor people get trapped in cycles of poverty, family disintegration and drugs?  And more importantly, what can be done socially or politically for those who are trapped in these cycles?  J.D. Vance grew up a poor boy in a working class, broken family with Appalachian roots in Southern Ohio.  Despite his rocky childhood, he escapes this life and earns a Law degree from Yale.  More than sharing an inspiring success story, J.D. explores and wrestles with his childhood and describes the lingering effects on his current life, outlook and thought process.  This is a fascinating read for anyone who rubs shoulders with people in poverty.  For me personally, it helped to better understand the background and mindset for those whom I serve at work.

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1984

b003jthwku-01-lBook #31: 1984, George Orwell

What would it be like to live in a place where individualism is subservient too the collective state and freedom is falling in line with the will of the governing powers?  In this fictional account of Oceania (a socialized metamorphasis of the English state) Winston searches for truth and freedom in a land where truth is what the government says it is and freedom is doing what the government says to do.  This is a fascinating read.  As socialism seems to be coming back into vogue, we do well to remember the oppression and death that have been replicated in socialist countries throughout the world.  While this is a fictional accounting, it stands as a warning against totalitarianism.  Remember, big brother is watching you!

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The Magnolia Story

51wiwazu2rlBook #30: The Magnolia Story, Chip & Joanna Gaines

What started as a family business has grown into a TV empire.  Chip and Joanna Gaines started their live together flipping and renting houses in Waco, TX.  And over the next decade, through sweat and tears they faced the ups and downs of their business.  But guided by an entrepreneurial spirit, honest hard work and a love for their trade, clients and each other, they have grown their business and family into what it is today: the Magnolia business and Fixer Upper show.  This is a fascinating read for fans of Fixer Upper.

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The Conservative Heart

b00nepdgrw-01-lBook #29: The Conservative Heart: How to Build a Fairer, Happier, and More Prosperous America, Arthur Brooks

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”  These immortal words penned by Thomas Jefferson in 1776 describe the ethos of what it means to be an American.  But sadly, for many people in our country, the principles of this statement are just out of reach.  There are a large number of people who are trapped in a cycle of poverty and don’t have the ability to pull themselves up into a life of dignity.  Liberals and conservatives debate how best defeat poverty.  In this book, Arthur Brooks gives an apologetic for why conservative principles are the best way to elevate the status of the poor and bring dignity to those who have been left behind.

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Founding Brothers

51kjtm7pcrlBook #28: Founding Brothers: The Revolutionary Generation, Joseph J. Ellis

The Revolutionary era was an important and iconic era of our history.  And with 200 years of retrospection, it is often easy to romanticize the constitutional era and believe that it was a period of ideological clarity and political unanimity.  We often view the founding fathers as a generation of compatriots who worked together to build the nation we enjoy today.  And while these men were all motivated by a unified vision for an American nation, their ideas for how that nation should be build were often vastly different.  This is a fascinating look into the politics of the 1790’s and is a detailed accounting of a generation who gave of their lives, fortunes and sacred honor to give us the nation that we enjoy today.

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Shadow Divers

91vrvnr7xllBook #27: Shadow Divers: The True Adventure of Two Americans Who Risked Everything to Solve one of the Last Mysteries of World War II, Robert Kurson.

After receiving the coordinates of a potential, undiscovered shipwreck 60 miles off the New Jersey coast, boat Captain Bill Nagle and wreck diver John Chatterton discover a German U boat covered by 240 feet of water.  Over the next 6 years, Chatterton and his diving partner Richie Kohler make repeated trips in attempt to discover the identity of the mystery U boat. The illusiveness of the quest to identify the U boat proves to be a profound and life-altering challenge.  For Chatterton it is a quest to find his identity in the most challenging of life circumstances.  And for Kohler it is a quest to identify and bring rest to the families of the fallen German soldiers.  This is a fascinating read, not only because of the technical details of diving and the history of U boat warfare in WW2.  It is an insightful look into the character of men and what motivates them through difficult times.

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