The Chinese Way to Wealth and Prosperity

Standard

The-Chinese-Way-coverBy Michael Justin Lee (2012)

Here are some things I learn from the book.

  1. Obtain a fine education and then apply it.
  2. Go Mobile ad go global in pursuit of opportunity. People who have the stomach to leave their homeland in the first place, leaves everything behind, very likely have the stuff that converts big dreams to reality.
  3. Create a guanxi network. Top salespeople ferret out opportunities to perform a good turn, thereby establish a likelihood that the recipient will at least listen to a sales pitch at an appropriate time in the future.
  4. Debts inhibit wealth creation.
  5. Sow early, sow often. The more money you sow in the early years, the more you will reap in later years.
  6. Let time and miracle of compound interest do your heavy lifting for you.
  7. Utilize the advantages for tax code to make more money work for you.
  8. Greater attention must be paid to defer gratification.
  9. It is good to at least own a property for your own primary residence.
  10. Gambling is a great barrier to prosperity.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s