How to Own the World

Synopsis

THE LIFE-CHANGING PERSONAL FINANCE BESTSELLER THAT SHOWS YOU HOW TO MAKE MONEY FROM YOUR MONEY - NOW IN A REVISED 3RD EDITION.

'Opinionated and always packed with information' Mirror

Discover the money secret understood by virtually every rich person in history. Turn hundreds into millions through the power of compound interest.

HOW TO OWN THE WORLD shows you that:

* No one is better placed than you to make the most of your money.
* You can do better than many finance professionals.
* Making money from your money is easier than you think.
* You can make far more from your money than you ever thought possible.
* You can make more from your money than you can from your job.
* All this is possible no matter how much you currently earn.
* It's easier today than ever.
* It's time to start now.

It is entirely realistic for you to control your wealth, make a lot of money, and become financially free as a result. HOW TO OWN THE WORLD shows you how. With just a little knowledge you can turn your financial fortunes around and change your life.

'For anyone who wants to understand how to best use the tools available in the modern world to learn about becoming a successful investor' Metro

'If you want just one book on investment from the cacophony, you couldn't do much better' Michael Mainelli, Economics Professor

'Without doubt the best book I have read in the last five years...' Emma Kane, CEO of Newgate Communications

Summary

Chapter 1: The Rule of the Rich

- The wealthy accumulate assets that generate income, while the poor accumulate expenses that drain their resources.
- Example: Investing in real estate or stocks that provide passive income, rather than buying a depreciating car.

Chapter 2: The Four Pillars of Wealth

- The four pillars are: business, real estate, paper assets (stocks, bonds), and commodities.
- Example: Starting an online business, buying a rental property, investing in the stock market, or purchasing gold.

Chapter 3: The Power of Compounding

- Compounding is the snowball effect of earning interest on both your investments and the interest earned on those investments.
- Example: Investing $100 per month at a 7% annual return for 30 years will grow to over $96,000.

Chapter 4: The Asset-to-Debt Ratio

- The ideal asset-to-debt ratio is greater than or equal to 1:1, meaning you have more assets than debts.
- Example: Having $100,000 in assets and $50,000 in debt has an asset-to-debt ratio of 2:1.

Chapter 5: The 10 Steps to Financial Freedom

- The 10 steps are:
1. Earn more than you spend
2. Save money
3. Invest your savings
4. Use leverage (but wisely)
5. Pay yourself first
6. Be patient and consistent
7. Develop multiple income streams
8. Learn about money and investing
9. Surround yourself with positive and supportive people
10. Take action

Chapter 6: The Psychology of Wealth

- Wealth is not always about money. It's also about freedom, security, and control over your life.
- Example: Having a passive income stream allows you to quit your day job and pursue your passions.

Chapter 7: The Power of Education

- Continuous education is essential for financial success.
- Example: Taking courses or reading books on investing, business, and real estate.

Chapter 8: The Future of Wealth

- The future of wealth involves technological advancements, automation, and renewable energy.
- Example: Investing in solar panels or self-driving cars.

Chapter 9: The Legacy of Wealth

- Wealth can be used to create a lasting legacy for your family, community, or the world.
- Example: Establishing a scholarship fund for underprivileged students or donating to environmental charities.