Try Blinkist to get the key ideas from 7,000+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Start your free trial
Blink 3 of 8 - The 5 AM Club
by Robin Sharma
A Proven Plan for Finance Fitness
Would you say you’re financially comfortable? Many of us feel secure enough in our finances, even though we all could use a few extra dollars. You probably have a job, and perhaps a car and house, and financial difficulties therefore seem far, far away.
But no matter how secure you may feel at this moment, financial insecurity may be closer than you think.
Imagine you suddenly lose your job: What would you do? Would you be able to pay your bills? Unlikely. Financial security is often more illusory than we think.
Take the author’s client Sarah, for example. After her marriage she and her husband calculated their joint annual income to be over $75,000, and they had only a few debt obligations between the two of them. Feeling comfortable with their earnings and their debt, they proceeded to take out a large mortgage on their house.
But that’s okay, right? They could afford it. Or could they?
One day Sarah discovered that she was losing her $45,000-per-year job. Suddenly, they faced foreclosure on the house.
As in Sarah’s case, sudden financial setbacks can put us quickly in dire straits. What can we do? One way to avoid unpleasant surprises is by taking action before it’s too late. Change things now.
It’s easy not to feel this sense of urgency, to think instead that you can simply carry on until things turn sour, and then change. But this is totally irresponsible. Financial difficulties sometimes creep up on you, and before you know it, you’re in trouble.
It’s like the proverbial frog in the pot of water: As the water slowly heats up, the frog doesn’t realize that it’s being boiled alive and will let itself die.
This is what is happening to you right now. Your financial security could be slowly collapsing around you, and you have no idea.
It’s time to make a change.
The Total Money Makeover (2013) is a step-by-step guide to turning your financial situation around, no matter how nasty it seems. By following these seven simple steps, you can put financial security back into your life and begin planning for a comfortable, contented retirement.
Fact: The typical millionaire lives in a middle-class home, drives a car thats paid off and is at least two years old and buys jeans at Wal-Mart.
It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.
Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.
Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.
Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.
Try Blinkist to get the key ideas from 7,000+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Start your free trialBlink 3 of 8 - The 5 AM Club
by Robin Sharma