Summary: Quit Like A Millionaire No Gimmicks, Luck, Or Trust Fund Required | 9780525538707 | Kristy Shen, et al
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Read the summary and the most important questions on Quit Like a Millionaire No Gimmicks, Luck, or Trust Fund Required | 9780525538707 | Kristy Shen; Bryce Leung
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1 POVERTY
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1.1 Blood Money
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Enumerate the top three (3) choices in order, when you are dirt-poor.
Food, Heat, andMedicine -
What is the overall theme of Chapter 1.1. (Blood Money)?
Scarcity Mind-Set -
What is "Scarcity Mind-Set?"
"When you don't have enough of something, itbecomes the most important thing in your life." -
What are the three (3) lessons that taught the author about the Scarcity Mind-Set in terms of Money?
1. Money is the most important thing in the world.
2. Money is worthsacrificing for.
3. Money is worthbleeding for. -
1.2 Peach Syrup, Cardboard Boxes, and a Can of Coke
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What was the author's first lesson of the Scarcity Mind-Set?
The story of "coke." Protect,Maximize , and Don't Waste. -
Give an example of a Scarcity Mind-Set at Work.
An assignment with a pressing deadline. Time is Precious. -
What are the four (4) Vital Skills that Poverty taught the Author?
CRAP: Creativity, Resilience, Adaptability, and Perseverance -
What is the most valuable lesson the author learned growing up poor?
Identifyinginvisible waste. -
1.3 Be Educated or Die
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What is the Power of Education in terms of Earning Potential?
Increases earning potential -
1.4 Don't Follow Your Passion (Yet)
This is a preview. There are 2 more flashcards available for chapter 1.4
Show more cards here -
Why following your passion is a bad way to pick a career?
It cannot guarantee high income potential
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