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Creating True Wealth 

 

http://www.books2wealth.com 

 

Issue 100 / October 1, 2010 / ISSN 1945-9300 

 

 

 

IN THIS ISSUE 

 

Celebrating our 100th Issue of Creating True Wealth! 

 

The Five Best Book Reviews by Daniel R. Murphy 

Seven Strategies for Health and Happiness by Jim Rohn 

21 Success Secrets of Self-Made Millionaires by Brian Tracy 

Outstanding! By John G. Miller 

Serve to Lead by James M. Strock 

The Smartest Investment Book You’ll Ever Read by Daniel R. Solin 

 

Read the Creating True Wealth Blog 

 

 

 

Successful people read – Reading leads to Success! 

 

 

 

Celebrating 100 Creating True Wealth Newsletters!! 

 

I had to make this issue special. I was not sure how best to do that, but decided that it would be nice to pick out the five best book reviews of the past three years. That was much more difficult than I first imagined. There have been so many good books and many good guest reviews as well.

 

After too much time thinking on it and changing my mind I settled on the five in this issue. They have all appeared at some time in this newsletter and some on the blog as well. These are all great books that would be worthy of your time to read. By the way I get no reward from publishers or authors for recommending their books.

 

Which brings up a question I was asked recently, why don’t I recommend that you not read a book – why don’t I review the dogs? Actually I have written some unenthusiastic reviews on a few books but it does not happen often first because I evaluate the books I read and review before I select them. There are so many really good books to read I do not see much point in focusing on the poor ones. My goal here for you is to bring you the best and most useful information I can.

 

The first newsletter came out on February 2, 2008. At first they came out fortnightly but in 2009 we changed to weekly. The first one went out to six people!

 

There is no shortage of books, blogs, magazines, websites and other things to review and present so I see no reason why we cannot send you another hundred of these in the next couple years.

 

Meanwhile, I would love to hear from readers about what you like most or least about the newsletter and what you might like to see that we do not do. Just drop me an email at books2wealth@gmail.com and let me know what you think.

 

Finally, thank you all very much for your continued subscriptions to the newsletter. It is written for you after all and without a readership there would not be much point. I would love to have more readers of course. Feel free to forward this newsletter to any of your friends that you think might be interested. They can then easily sign up at the website.

 

Wishing you the best,

 

Daniel R. Murphy 

Books2Wealth.com 

 

 

Visit my blog at: 

Blog: http://books2wealth.blogspot.com/ 

 

Send your questions and suggestions to me at: 

Email: info@books2wealth.com 

 

Visit our website at: 

http://www.books2wealth.com 

 

 

 

 

Learn from a Legend! 

The late Jim Rohn is a legend in the personal development field. For over 50 years he taught and inspired millions of people to succeed and exceed their expectations. His philosophy of personal development is fundamental and proven. Read more about Mr. Rohn and his timeless wisdom here.  

 

 

 

Inspiration in a few words: 

We cannot hold a torch to light another’s path without brightening our own. – Ben Sweetland

 

 

 

The Best Five Book Reviews: 2008-2010 by Daniel R. Murphy 

 

Title and Author:  Seven Strategies for Health and Happiness by Jim Rohn 

  

Synopsis of Content:    

Jim Rohn has not written very many books. He is famous for his public speaking and his tape and CD series. His few books are well written, short and concise. He packs a lot of value in each one. 

 

In Seven Strategies Rohn teaches about the fundamental strategies he has learned, beginning with his mentor as a young man, and continuing to this day. Over time he has learned that success is about the systematic and disciplined application of certain principles and strategies to life. This little book summarizes those principles and strategies.  

 

The Seven Strategies include: 

 

Unleashing the Power of Goals 

Seeking Knowledge 

Learning how to Change 

Controlling your Finances 

How to Master Time 

Surrounding yourself with Winners, and 

Learning the Art of Living Well.  

 

On each of these strategies Rohn gives real life examples from his own experience and that of others who have taught him or worked with him.  

 

Readability/Writing Quality:    

Rohn's writing style is as easy to read as his speaking style is to listen to. You could sit down and read this book in a single day or savor it over a week. Either way it is very easy and entertaining to read as well as informative on every one of its 156 pages. 

 

Notes on Author:    

(Note: when this review was written in 2009 Mr. Rohn was still with us. Last Fall he passed away. He would have been 80 this month. He is a missed voice in the success and self improvement field, having been a leader for over four decades.) 

 

Jim Rohn is one of the most well known and well thought of public speakers and teachers of success philosophy. He is known as America's Business Philosopher. He has spoken to millions of people and published dozens of tape and CD programs. He has taught his simple principles of success all around the world and has been doing this now for over 40 years. 

  

Related Website:   

While Rohn is involved in a number of businesses with websites his primary website is at http://www.jimrohn.com/ 

   

Three Great Ideas You Can Use:    

In a book with seven important strategies it is hard to narrow them down to three - in fact it is impossible. You owe it to yourself to see all seven. However for this brief review we will look at three of the most important: 

 

1. Use the power of goals - how to motivate yourself and others through setting goals. People who set goals are more successful at achieving what they want. The more you describe your goals the harder you work at them and the harder you work at them the stronger they pull you to success - this is an essential part of Rohn's belief about the power of goals. 

 

2. Seek knowledge - Rohn is probably famous for nothing more than his teaching of the importance of the continual seeking of knowledge to improve yourself and make yourself more valuable in the market place. Rohn did not invent this idea. Many before him taught the same thing, but no one has done so more eloquently. Mr. Rohn started his road to success from the teaching of his mentor, Mr. Shoaf. Mr. Shoaf began by teaching Rohn that if you wish to succeed you must study success, if you wish to be happy, study happiness, if you wish to make money, study the acquisition of wealth. Otherwise, he taught him that you must study and learn about whatever it is in life you wish to master or acquire. 

 

3. Control your finances - starting with the simple yet proven lessons of George Clason's The Richest Man in Babylon, Shoaf taught Rohn, and Rohn teaches us the critical importance of knowing your finances, studying them, controlling them and mastering them. He teaches us to master money so that money or the lack of it does not master us.  

 

Publication Information:    

© 1985, 1996 by Jim Rohn. Published by Prima Publishing, Rocklin, Ca. 

 

General Rating: Fair, Good, Very Good, Excellent 

 

 

Title and Author:  21 Success Secrets of Self-Made Millionaires by Brian Tracy 

  

Synopsis of Content:    

Brian Tracy is a very successful business man and consultant who also has some higher education. He has developed a reputation for his knowledge of what works in business. He has worked with and studied self made millionaires and other successful people and here provides the simple formula for success. 

 

In this simple and very brief little book Tracy covers his list of 21 essentials to be a self made millionaire. Nothing here will surprise you however the style and manner of his presentation is enjoyable and easy to follow.  

 

Tracy touches on the true essentials for personal success. Each chapter is no more than 4 pages long. The entire book including index is only 80 pages long. You can sit down and read this little gem in an hour.  

 

If you find yourself struggling with success (or failure) and you do not know where to start to change your life to move on to success this is a great primer. Read it more than once and absorb the wisdom here. It is the genuine thing.  

 

His chapters address the importance of having a big dream; developing a clear sense of direction and maintaining it; seeing yourself in control of your own destiny by seeing yourself self employed; do what you love to do; commit to excellence; work longer and harder; dedicate yourself to lifelong learning; pay yourself first; master the details of your business; dedicate yourself to serving others; maintain absolute integrity; concentrate on your highest priorities; develop a reputation for speed and dependability; climb from peak to peak; practice self discipline in all things; unlock your creativity; associate with the right people; take good care of your health; be decisive and action oriented; never allow failure to be an option and be forever persistent.  

 

These are all tried and true. They are all the gold standard of success advice. Tracy gives some brief illustrations and develops each item only long enough to explain it.  

 

Readability/Writing Quality:    

 

This book is very easy to read. Each chapter is short. The entire book can be read an hour or less.  

 

Notes on Author:    

Brian Tracy is a professional speaker, trainer and consultant. He is also a self-made millionaire.  

 

He has a Masters Degree from Columbia Pacific University.  He has worked with over 22 different companies over the years. He began lecturing and teaching in 1981 and has done so ever since, translated in 20 languages around the world.  

 

Related Website:   

 

http://www.briantracy.com 

 

Three Great Ideas You Can Use:    

 

1. You must develop your sense of direction and then commit yourself to seeing through your dreams through action. 

 

2. Master your business and your own potential through continued education in your area of business and through constant learning to improve your own abilities.  

 

3. Practice self discipline and persistence, the two most important qualities to reach success.  

 

Publication Information:    

 

21 Success Secrets of Self Made Millionaires by Brian Tracy 

©2001 by Brian Tracy 

Published by Executive Books 

 

General Rating: Fair, Good, Very Good, Excellent 

 

 

Title and Author:  Outstanding! By John G. Miller  

 

Synopsis of Content:    

Using great illustrations John G. Miller presents 47 ways to make your organization great in his latest book. You are not likely to discover a lot of truly innovative ideas here. But that is OK. Miller concisely presents tried and true ideas that separate the great from the mediocre organizations. He does so in a way that can be used for most anyone in any organization, no matter where you are in the hierarchy.  

 

Miller eschews the trendy and buzz word ideas and concentrates on the fundamentals. It is, after all, getting the fundamental right that make the difference between great and not so great.  

 

Some of the 47 ways focus on how you should or should not conduct yourself, such as Being Fast, Being Humble, Speaking Up and Do What You Promise. On further reflection these same traits are as important for an organization as they are for an individual.  

 

He teaches you how to treat all your “customers” in “360 degree” accountability – treating suppliers, employees, bosses and those below you in the organization all as customers. He also explains why this is good for business. 

 

If every employee, manager and CEO would work seriously to implement these 47 ideas their organization would become great. This is a great yet simple blueprint for the attributes of a great organization. It is directed however at what we can influence – ourselves – and how we function in that organization. 

 

Miller urges the reader to resist the temptation to put this book on a shelf and forget it. Rather, to get the most out of it, in fact to get anything of value out of it he urges the reader to go back to it repeatedly, selecting the chapter or idea that seems to be most useful today and implement it. He is right. A quick read through will be informative – study and application of the 47 ways to make your organization exceptional will be transformational and will make this book far more valuable.  

  

 

Readability/Writing Quality:    

This book is very readable. The chapters are very short, most not exceeding 5 pages, and concisely illustrating the point to be made. The entire book is a gold mine and each chapter stands alone in its value.  

 

Notes on Author:    

John G. Miller, founder of QBQ, Inc., and author of QBQ, the Question Behind the Question, has worked with hundreds of organizations in business and the nonprofit sectors training, speaking and consulting.  

 

Related Website:   

www.OutstandingOrganization.com 

   

Three Great Ideas You Can Use:   

 

1. Dedicate your efforts to continuous improvement, not just in slogans, but in daily practice. Do it, follow up and continue the practice.  

 

2. See everyone as a customer – including your colleagues, bosses, and vendors – it takes all these people to make an organization run well and all should be treated well. 

 

3. Focus on what matters, whether that be proper management, being coachable, speaking clearly, and many more important practices that make a difference. Do this instead of wasting time on vision statements that everyone ignores and platitudes that mean nothing to the people who matter. 

 

Publication Information:    

Outstanding! 47 Ways to Make Your Organization Exceptional by John G. Miller 

Copyright 2010 by John G. Miller 

Hardcover published by Penguin Group. 206 pages. No index. 

 

Rating for this Book: 

Over All Rating: 

Very Good 

Writing Style: 

Easy to read; concise 

Usefulness: 

Very useful if used, not just read. 

Difficulty: 

Easy 

Poor / Fair / Good / Very Good/ Excellent 

 

 

 

Once in awhile I ran across a truly great book. This is one. Read the review and I highly recommend you get the book. It will be one of the greatest leadership books of this decade. 

 

Title and Author:  Serve to Lead by James M. Strock 

 

Synopsis of Content:    

In what will prove to be one of the very best books on leadership of this decade James Strock has written an in depth examination of how leadership and organizational dynamics in the 21st century will and do depend on service to others. He identifies all the persons you must learn to serve and how you improve yourself and your leadership by viewing all your relationships in business and your personal life in terms of service to others.  

 

The 21st century and the latter part of the 20th century saw a transformation from top down management in organizations to a flatter model with greater opportunities for and the need for people in all levels of an organization to lead. Leadership, Strock argues, is about service first and foremost.  

 

Strock claims this approach is transformational and it appears to be so. He warns the reader that this book does little good to simply read through casually. This book is a blueprint for how to transform your leadership style to become much more effective in the modern world. It is a book to be studied and returned to often.  

 

The book is replete with a rich storehouse of quotations from dozens of thought leaders. He uses illustrations and detailed explanations to paint a clear picture of where you need to go in the new leader through service model. 

 

No matter what kind of organization you are in, from military to business to non profit institution, this book will be invaluable.  

 

I very rarely label a book as Excellent – it is the highest tribute I can give. This book falls in that exclusive category of a book that can truly transform your approach to leadership. Strock gets it – and you will as well if you read this book and use it.  

 

Readability/Writing Quality:    

This is a very readable book. It is broken into easily grasped sections and well organized.  

 

Notes on Author:    

James M. Strock is a recognized authority and speaker on leadership. He serves clients worldwide including Fortune 100 companies. He has also written Theodore Roosevelt on Leadership and Reagan on Leadership.  

 

Related Website:   

 

http://www.jamesstrock.com/ 

 

 Three Great Ideas You Can Use:    

 

1. Leadership can be learned. It comprises competencies which can be developed through continuous improvement.  

 

2. Everyone can lead because everyone can serve. Framing leadership in terms of service not only opens leadership to everyone it also expands leadership to its most effective form.  

 

3. Communication must be an integral element of leadership – it can no longer be seen as a support function. Leaders must master effective communication to lead effectively.   

 

Publication Information:    

Serve to Lead by James M. Strock 

© 2010 James M. Strock 

Published by Servetoleadpress.com 

 

Rating for this Book 

 

Over all Rating for Book: 

EXCELLENT 

 

Writing Style: 

Easy to read 

 

Usefulness: 

Very useful to almost anyone in any position. 

 

Difficulty: 

Moderately difficult. 

 

 

Title and Author: The Smartest Investment Book You’ll Ever Read by Daniel R. Solin 

  

Synopsis of Content:    

 

Daniel R. Solin is a leading securities arbitration lawyer and a registered Investment Advisor. He has testified before Congress and appeared on major television business news magazines. He wrote a small book (154 pages not including appendices) to demystify the world of investment for the ordinary person. He called this little book The Smartest Investment Book You’ll Ever Read (The Simple, Stress-free Way to Reach Your Investment Goals.

 

This book may well not be the final word on investing. You may well read others. You may well decide to place your money in the hands of a professional investment advisor or at least seek their advice. However, you can learn a great deal from Solin’s little book and you will learn how much you can actually do without an investment advisor or broker. 

 

Solin tells us that investing need not be complicated or stressful. In fact he emphasizes that it should not be stressful. He points out some of the fallacies about brokers, advisors and others who are supposed to “help” you with your investments. He teaches you what is wrong with hyperactive investing, that no one can actually time the market and that no one, and he means no one, can consistently beat the market. 

 

Solin teaches the risk and reward formula you should use. He warns you about B and C shares, house funds, margin, and hedge funds.  

 

Then he tells you what a smart investor should know. He first establishes his own credibility – he tells you why you should follow his advice. He then lists the institutional investors who follow his theory on smart investing.  

 

After all of this preparation he gets to the good part. In about 50 pages he teaches you a four step process to beat 95% of the “pros” and become a smart investor. He teaches you how to determine the asset allocation that is right for you. He tells you which Fund Family to open an account with and how to select your investments. He teaches how and when to rebalance your portfolio. After a few more tricks and tips he tells you to do it.  

 

Solin does not just make all this up. His book is carefully footnoted and he gives sources for his information.  

 

I am not an investment specialist. I am not an investment advisor. And it is because of this that I liked this book so much. Solin tells you what you need to know to go forward with some confidence even while you continue to educate yourself further about investing.  

 

Everyone has to start somewhere. I have looked at a good number of introductory guides and books on investing and none are as good as this one. It is easy to understand and it seems to be sound as a dollar – perhaps more so these days.  

 

Solin tells us that no one will consider the investment of your money as seriously and as important as you will. He teaches you the basic principles you need to know to launch your investment boat and get your feet wet with minimal risk.  

 

For the average investor who does not have expertise in this area this book is a great place to start.  

 

Perhaps the best that can be said about his book is on the cover from various experts in the field and others who should know a good thing when they see it, including Larry Swedroe of Buckingham Asset Management, Inc., William Bernstein, author of The Four Pillars of Investing, Mark T. Hebner, financial author and expert, and others. They all endorse this book which Bernstein calls “a little gem”.  

 

This book retails in hard cover for $19.95 – it may well be the best investment you ever make.  

 

Readability/Writing Quality:    

Solin’s writing style is easy to follow. This little book is written in plain English – a delight for anyone who has been overwhelmed by financial lingo.  

 

Notes on Author:    

Daniel R. Solin is a leading securities arbitration lawyer and a registered Investment Advisor. He has testified before Congress and appeared on major television business news magazines.  

 

Related Website:   

The author has a blog on Amazon at: http://www.amazon.com/gp/blog/A1M4WTCFNTDNRG 

 

He works with Index Fund Advisors at: 

http://ifa.com/aboutus/?gclid=CI-j5o2Gnp8CFSIjagodARezig#dan 

   

Three Great Ideas You Can Use:    

1. Determine your asset allocation – Solin gives you tips on how to do it. 

 

2. Open and account with one of the solid Fund Families that Solin tells you about. 

 

3. Select your investments – again Solin gives the tips. 

 

4. OK, there are four, not three – Rebalance your portfolio. None of this is new or revolutionary – it should not be – it is solid education for most of us out there who do not know what we are doing in the investment world.  

 

Perhaps most important Solin talks to us in this book about what to and what not to expect in fund managers and investment advisors. He commits the heresy of telling you that you can do it yourself and how to do it! 

 

Publication Information:    

The Smartest Investment Book You’ll Every Read by Daniel R. Solin 

© 2006 by Daniel R. Solin 

 

 

Rating for this Book:          

Overall Rating:                     Excellent 

Writing Style:                                    Very Easy to Read 

Application:                           Highly relevant and applicable for anyone with two nickels to rub together 

Technical Difficulty:                        Easy-Moderate 

 

 

 

 

 

 

You do not have the time to read everything on the internet or in books published in the past or today about success and self development. Creating True Wealth reviews that material for you, condensing it into concise bites you do have time for, and leading you to those books, magazines, blogs and websites that will offer you more. 

 

 

 

I hope you will find the information in the Creating True Wealth newsletter useful. Future editions will highlight other books in the fields of business, sales, motivational materials, self help literature, psychology and other related fields. This newsletter is published weekly on Fridays. - Daniel R. Murphy, Publisher. All content is written by Daniel R. Murphy unless noted otherwise. 

Disclaimer:Nothing in this ezine is intended nor should be relied upon as professional legal, medical or financial advice. If you need personal legal or financial planning advice you should consult a licensed attorney, accountant or financial planner. If you need personal medical advice you should consult your medical professional.  

© 2010 by Daniel R. Murphy  

All Rights Reserved. You may use the content of this ezine in your publications if you include the following acknowledgement:  

 

"This material is used by permission of Books2Wealth(TM) and Daniel R. Murphy and comes from his ezine titled Creating True Wealth.You can learn more about creating true wealth at www.bookstowealth.com and you can subscribe to the Free Creating True Wealth ezine at that site." 

 

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If you have any suggestions about how this ezine can be more helpful to you, or of what kinds of information you would like to see, send an email to info@books2wealth.com 

 

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Learn from a Master of Success

- the late Jim Rohn.

No one has spoken to more audiences around the world or sold more audio programs around the world than the great Jim Rohn.

He was a giant in the self development industry for half a century.

Jim is no longer with us but fortunately his wisdom and teaching does remain for us to use.

Learn more about this legendary self improvement teacher and the fantastic educational materials you can obtain here.



 

 

 

 




 

 

 

 

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