When was the last time you read a book? If you’re one of those countless people who doesn’t have a habit of reading regularly, you might be missing out a significant number of benefits. There is no reason why a person should read more books.
First let’s talk about two advantages that anyone can derive from reading books,
🤯 Sharpens Your Mind:
For some, reading can be a bit boring, but it benefits mental health in the form of understanding and thinking. It stimulates your brain by concentrating on words and story-line. It also develops communication, language and grammatical skills.
😌 Lowers Your Stress:
Most people know from experiences that reading can help lower stress level. Reading and focusing on written words can relieve your mind from the pressures of the day. In the meantime, it helps you to get some knowledge and information. Once you start reading a book you will start to focus on the message of the book not on your stress. In that time, it lowers your stress level, makes you feel better mentally and physically.
Hey, Guys!😁 The Online Growth Systems📈 Team here. Welcome to another article from Online Growth Systems! In today's article we are going to talk about why I was willing to get into debt to buy books.
So, Let's dive right into the topic, why am I willing to get into debt?
I actually owed money to an institution both principal and with an interest rate more than what I borrowed to buy books, and I had to pay it back. Why was I willing to do that? Most people's advices like Dave Ramsey recommends to get out of debt and be debt-free. Have you ever heard that, “I want to be debt-free, I want have freedom”. However, that's not always the best solution. If you are really bad at managing money and a bad spender, or you are new to money management and don't understand the difference between a liability and an asset, this may not be the best solution.
Debt is just like everything else. There are pros and cons to everything, and debt is no exception. You just need to know how to use it. Just like taking a language class or a safety training, you need to know how to work with debt. That's why you’re reading from Online Growth Systems📈, or watching our YouTube channel. I am also listening to Tony Robbins or anybody who works with debt as a positive skill. Another example, Robert Kiyosaki, Author of Rich Dad Poor Dad . Look into my past videos or articles for this book reviews I've done on Rich Dad Poor Dad.
When you use debt in a good way it actually provides more of a return. It makes you earn more money then you pay in interest. So you can get profits📊 from debt. Some of you do understand how liabilities and assets work, and for those of you who don’t, be sure to check out some of my videos, I'll put the link below. A liability is something that sucks money out of your pocket, and an asset is something that puts money in your pocket. I'm not going to dive into those details, but for this article, why do I consider books an asset?
Don't you spend money on books📚? You don't hit the book on the table and money comes out. However, the information that I learn from those books helps me in my business, career, products and sales to make more money. Why do you go to college? Why are you willing to spend money getting into debt to go to the college? Because of the same reason you should buy books, hoping to learn things that will advance your career and to make more money.
You don't always need a degree🎓. You need the skills and knowledge that the degree represents. You don’t need a physical piece of paper. I didn't graduate from college, because I dropped out. That doesn’t mean that I stopped trying to learn. What you do need is the knowledge that you gained from college to get a job. It's the same thing for me, I buy hundreds of books. I visit amazon.com, and I try to order 10 books every month. I try to get through one book three times a week. Why am I willing to put that purchase on a credit card that I don't intend on pay in the next month?
So, the reason I was talking early in the video in past tense was because I'm beginning to have cash flow from some of my businesses. However, twelve months ago I didn't have any cash flow💸. This was because I was putting all my money into my investments, ideas, products and businesses. I had no money to spend for myself. So, I put it on my credit card to buy a book and finance it with interest. Because I believe that the information I gained from those books will pay me massive dividends way. More than the interest on my credit card. I'm paying a thousand dollars worth of books that I bought in a couple months. Out of these thousand dollars, I have some bad interest like 20%, so my $1,000 turned into $1,200. I didn't pay right away, which is 20 percent interest. So, I'm paying extra two hundred dollars to buy those books by not paying in cash. I am paying that with a credit card. In my opinion, these thousand dollars worth of books is going make me a million dollars. Who wouldn't spend $1,200 or another another 200 dollars to make 1 million dollars?
So many people are looking at their self-education or teaching themselves, but that learning has a cost. Maybe you are thinking, “I can't afford that online course; I can't afford that book; I can't afford to pay for graduate school to go become a psychologist👨🎓! It’s expensive so, I am going to settle for a job that way I don’t have much debt”. But you have to look at it from an investor's standpoint. Maybe some books aren't worth it. Out of that collection of books, I might have one or two books that’s not good. It’s was a book about motivation or something. For example, “You can reach the moon but you will be in mess if you hit the stars!” There are way too many books about that. I want someone to give me some knowledge that I can apply in my business in the next day or the same day I'm reading it. What I love about authors like Robert Kiyosaki, Tim Ferriss, another YouTube channel named Valuetainment is that they give you actual insight into business experiences they have experienced, and they're telling you this information, so you can apply it to make more money. So, now you do the math. Which one is worth more for your penny or bang for your buck. If you're in a huge slump, you need that boost of a motivational book. That's totally fine! Read a hundred motivation books! If you can't motivate yourself, you're not an entrepreneur. If you're reading this article and thinking, “that's me😮!” It is never too late to turn it around. Get motivated and begin to grow! Be determined and make progress!
If you have been looking at books and education the wrong way, hopefully we could change your mind on that perspective. I'll probably put some links below about some books that I recommend. So, check those out! Again, Thanks for reading, make sure you watch our Animated Book Summary videos from YouTube🎥 and also subscribe to our channel for more fresh education content.
I'll see you at the next article.⏳
- Dick Polipnick & Joyeta Banerjee
📁Read Our Past Article:
McDonald’s Success Story- Grinding it out by Ray Kroc
Why You Really Need Artificial Intelligence in Marketing.
📚 Mentioned Books and Links:
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