How to Grow Rich 1st Edition Douglas Kruger

Part I – Two Worlds, Two Ways, Two Wars for Your Mind

Night and day: A book of opposites

‘Wrong, wronger, wrongest’

Big, small and everything in between

A tale of two Thomases

Part II – 50 Ways to Debunk Money Myths and Master Wealth

1. Choose between blame and accountability

2. Decide whether people are a plague or a priority

3. Select whether to swap or accumulate excess profits

4. Understand what wealth is

5. Get rid of anti-wealth biases in favour of excess-generating principles

6. Know how to debunk the leading clichés about wealth

7. Know how to debunk the leading ideas about governments and wealth

8. Know how to debunk the leading social justice ideas about wealth

9. Know how to debunk the leading folk-mythology ideas about wealth

10. Know how to debunk the ‘starving-artist’ myth

11. Know how to debunk the ‘ban the billionaires’ movement

12. Know how to debunk Piketty

13. Understand the ideal societal conditions for prosperity

14. Read the warning signs that you might need to emigrate

15. Understand the ideal personal conditions for prosperity

16. Develop the traits of the rich

17. Change your fundamental understanding of work and wealth

18. Given that rich isn’t normal, be brave enough to zag when others zig

19. Do not merely dabble with your big-ticket item

20. Ditch the ‘one big idea’ fallacy and replace it with execution

21. View employment only as reconnaissance

22. By all means get the degree. Or simply get those who have the degrees

23. Do it for yourself, starting with the sale

24. Commit in advance to always retaining ownership

25. Copy everything that works

26. Explore your options for creating value

27. Free-money idea #1: Never give away ownership, not even in part

28. Free-money idea #2: Fight for every percentage point

29. Free-money idea #3: Find out how to keep more of your money free of taxation

30. Free-money idea #4: Go where what you do is worth more

31. Free-money idea #5: Take your money back to where it is worth more

32. Scale up your basket, or scale by having more baskets

33. Plan to grow

34. Market to grow

35. Keep an eye on consistency

36. Employ the secret sauce at the heart of all successful entrepreneurship

37. Use empathy to grow the value you offer

38. Do what others are unwilling to do

39. Take ownership of local problems and solve them

40. Assume everything will take longer than expected

41. Learn to contextualise and prioritise with ROI

42. Decide if your small deals are leading to one big one

43. Beware of the sunk-cost fallacy

44. When the money starts to flow, act like a faithful steward, not a playboy

45. Live frugally

46. Review your progress quarterly and annually, like a business

47. Understand the morality of setting up your family for intergenerational wealth

48. Combat the dynamic of ‘shirtsleeves to shirtsleeves’

49. Implement these seven intergenerational wealth traditions in your family

50. Take the 72-hour sale test, and take it seriously

Part III – Reviewing the 50 Ways

Drawing it all together