Name of the Book: The 10 Pillars of Wealth
Author: - Alex Becker
No of Chapter :-10 Pillars with Secret Pillar
Number of Pages: - 192
One line Description of the book:- How to move from Traffic Fighters to Wealth Creator without taking much financial risk
What this book is about: -Book is a collections of 11 strategies about wealth creation followed by multimillionaires across the world. The strategies explained in the booked are associated with personal finance and wealth management. Author has cited numerous examples of transformation of people from homeless to multimillionaire in a shorter period of time. In each pillar, Author laid out different strategies for Beginners and Veterans separately. The brief details of the 11 pillars is mentioned below:-
1. In the First pillar, Author debunks the popular myth of Getting rich slowly is the only way for creation of wealth. In this section, author compares both the getting rich slowly and getting rich quickly option.
2.In the Second pillar, Author lays importance on the fact why it is important to separate time from money. Author stresses upon the need for creation of process that can generate wealth automatically without being time dependent. For creation of such process, Author has given questionnaire in this section to identify the businesses that can be easily automated with very little involvement.
3. Third pillar is about the belief that I am better than most of the people around . Author believes that an above average person with self belief coupled with proper actions can do wonders in the field of wealth creation.
4. Four pillar of the book lays emphasis on accepting the responsibility of every wrong thing that happens in the business.
5. Fifth pillar is the pillar of Abundance Mindset. By it, Author means that there is no dearth of opportunities available for wealth creation. Author cited three types of personalities namely Mr. Never, Mr Watch and Mr. Brute force to illustrate this Abundance Mindset.
6. In the Sixth pillar, Author explains the importance why "What is" is more important than "What if" in a business. In this pillar, Author states that people keep more focus on unfounded outcomes rather than taking action about situation which halts the process of wealth creation.
7. Seventh Pillar of the book is dedicated to Mapping of goals with follow through actions for wealth generation. In this section, it is advised to breakdown the major goals to smaller ones with action plan to monitor the progress.
8. In the Eight pillar, Author advised to put focus solely on actions that leads to generation of income. . Author lays emphasis on replace Lower ROI actions with Higher ROI.
9. Ninth Pillar of the book is dedicated to people involved in the business. Author explains the fact that why understanding of people is one of the most important thing in business.
10. Tenth Pillar of the book explains the fact why having competitive friends and suitable mentors are essential in the process of wealth creation.
11. Eleventh Pillar is the named as Secret Pillar in which Author explains the importance to make decision to be wealthy at any cost in life.
Conclusion:- Book is an excellent read for any individual seeking to enhance their financial independence and make informed decision to secure their financial future.
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