Feel Free Read THE WEALTH BUILDER: WHAT YOU NEED TO KNOW TO SUCCEED PDF
The Wealth Builder is for all those who want to create and preserve wealth. Stocks, real estate, small business, professional education, insurance, as vehicles of wealth creation and preservation, whatever interests you. Those who have been wealthy, have been by and large in successful businesses, small or big; part time or full time. Please underline successful. As per data released by the Bureau of Labor Statistics of USA, 20% new businesses fail in the first year, 50% by the 5th year and 2/3d by the 10th years. Misreading the demand is the biggest cause of small business failure and then comes the cash flow (finance) problems. Business history has adequately shown that business success is not a 'hit or miss'. There are certain time tested and trusted principles and good practices that help to succeed. The Wealth Builder sets out in this handy 137 pages book all that you need to know to succeed. The key to managing business well is staying focused on cash margin (EBITDA), asset turnover and equity multiplier. What are all these cash margin (EBITDA), asset turnover and equity multiplier? How do those work? Where can we see those? The Wealth Builder explains and illustrates each of those in concise and precise way. No tangent, lengthy stories and discussion. Straight and direct to the point. Your time is very valuable and this concise, precise and practical book has been prepared keeping people like you, on the go, in mind. Value for your money and value for your time are the two key features of The Wealth Builder.While creation of wealth is a function of cash margin (EBITDA), asset turnover and equity multiplier, the preservation of wealth is equally important. We have heard 'Rags to Riches' stories. And there have been no dearth of 'Riches to Rags' stories. The Wealth Builder also explains and illustrate the principles and good practices of preserving personal and family wealth by focusing on healthy savings, diversified investments and adequate insurance cover.This book is truly experiential. It has been developed based on my professional and industry experience spanning over 50 years, across Asia, Middle East and North America.
