Reading Notes: Rich Dad, Poor Dad

Author: Robert T Kiyosaki

Format: Audible

Narrated By: Tim Wheeler

Subject: Personal Finance

Rating: 4/10

Summary:

Rich Dad, Poor Dad is written in the form of a narrative containing life lessons of the author from both his Rich Dad and Poor Dad. I went through an entire spectrum of emotions while listening to this audio book.  The character known as the “Rich Dad” made several excellent and inspiring points during the many lessons he taught to the author.  However, an equal amount of those lessons were full of of bad advice and Ad Hominem attacks against anyone that didn’t agree with his logic.

The book makes a lot of subtle and not so subtle attacks on traditional education, and implies that most educated people are idiots and have grand senses of entitlement; It often uses the Poor Dad, who is a college educated teacher, to make this point.  To be fair, the author makes an excellent point about the lack of strong financial education in our public schools and homes. He also does an excellent job of motivating people to take responsibility and accountability in their own financial futures.

In conclusion, I found Rich Dad, Poor Dad to be way more inspirational than educational.

What I liked Most About the Book:

The average person could read this book as the only personal finance education they ever received and would have a better chance at success.

What I liked Least About the Book:

The average person can follow this book verbatim and make a lot of really terrible personal finance decisions.

Favorite Quotes:

Rule #1: You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know.

An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.

That is why I say that someone’s Net Worth is worth less than they think.

I can’t afford it shuts down the brain…  How can I afford it? opens up the brain.

People who avoid failure also avoid success.

An intelligent person hires people who are more intelligent than he is.

Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.

There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.”

Accounting is possibly the most confusing, boring subject in the world….” 

Reading Notes: How to Get Your Point Across in 30 Seconds or Less

Author: Milo O Frank

Format: Audible

Narrated By: Milo O Frank

Subject: Communication

Rating: 5/10

Summary:
This is a very basic, but useful book.  Having said that the title of the book sums up its content nicely which is how to get your point across in 30 seconds or less.  It is a very easy book to read and I believe the audible version was just over 45 minutes long.  The book breaks down the content of a good message into six distinct parts:

  • Have a Clear Objective.  What do you want to happen?
  • Talk to the right Audience.  Find out as much as you can about them. (Who)
  • Find the right Approach (face-to-face, phone call, email, brochure.)
  • Hook is used to get the audiences attention.  It can be a statement or a question.  What is the most unusual, exciting, or dramatic part of your message?
  • The Body of the message should include all the relevant details, (who, what, where,how, why.)
  • During the Close, make sure you have a Call to Action (or reaction.)  Ask for something specific and include a specific time frame.  A message without a close is a wasted opportunity.

The book also stresses the importance of painting visual pictures and appealing to the listener’s emotions.

Possible Use for this Book:  Could be very useful in writing a 30 second elevator pitch.

What I liked Most About the Book:  It made its point quickly.  The entire length takes about 45 minutes to listen to.

What I liked Least About the Book:  The 90s game show music that play throughout the audio book.  The various voice actors and voice-acting made the entire book seem like a cheesy infomercial.

Reading Notes: The One Minute Manager

One Minute Manager Management Philosophy
One Minute Management Philosophy

Authors:  Kenneth Blanchard and Spencer Johnson

Format: Audible

Subject:  Management

Rating: 9/10

Summary:

It took me far to long to get around to reading this gem of a book.  Its written in a narrative format and does an excellent job of both telling and showing the “Minute Manager” philosophy.  The focus of the book is coaching the team to grow and perform at their best.  The philosophy consists of three key parts:  One Minute Goal Setting, One Minute Praisings, and One Minute Reprimands.

One Minute Goal Setting serves as the foundation for One Minute Management and the authors rely heavily on the Pareto Principle, that 80% of the results come from 20% of your goals.  The One Minute Goal Setting Process is outlined below:

  1.  Agree on the specifics of the goal.
  2. Define what success looks like.
  3. Write out the goals on a single sheet of paper.
  4. Re-read each goal regularly, which should only take a minute per goal.
  5. Set aside a minute several times per day to review your actions and verify they align with your goal.
  6. Tell people that you will provide feedback about how they are doing.

One Minute Praisings This is the second tool in the One Minute Manager’s toolkit.  The idea is to build positive reinforcement when somebody is caught doing something right.  When people feel good about themselves, they produce good results.  Here are the steps for a One Minute Praising:

  1. Praise people immediately, be specific about what they are doing right, how good it makes you feel about what they did right, and how its helps the organization.
  2. Pause for a moment to allow them to reflect.
  3. Encourage them to continue the behavior, and give them a pat on the back.

One Minute Reprimands  This is the final piece in the One Minute Manager’s arsenal.  The purpose of the reprimand is to keep the person and lose the behavior.  It is the counterpart of the One Minute Praising, and it consists of two parts:

Part 1

  1. Reprimand people immediately.
  2. Be specific about the behaviors they did wrong, tell them how it makes you feel.  Focus the reprimand on their behaviors, not the individual.
  3. Pause for a few seconds and let them fell how you feel.

Part 2

  1. Shake hands and re-ensure them that you are on their side.
  2. Remind them how much you value them, but not their performance in this situation.

Aha Moment:

When it comes to getting the most of their team, companies have three options:

1) Hire All-Stars (very expensive and difficult)

2) Hire somebody with potential and then train them up

3) pray.

Favorite One Minute Manager Quotes:

I care about people and results. They go hand in hand.

“if you can’t tell me what you’d like to be happening, you don’t have a problem yet. You’re just complaining.”

“A problem only exists if there is a difference between what is actually happening and what you desire to be happening.

“Take A Minute: Look At Your Goals, Look At Your Performance. See If Your Behavior Matches Your Goals.”

“If you are first tough on the behavior, then then supportive of the person, it works.”

Reading Notes: 7 Habits of Highly Effective People

Author: Stephen R Covey

Format: Audible

Narrated By: Stephen R Covey

Subject: Self-Help

Rating: 6/10

Favorite Quote:  “Admission of ignorance is often the first step in our education.”  I have consistently seen some of the best businessmen I know readily admit they didn’t understand something and ask for it to be explained, and I have seen them consistently use that behavior regardless of who else was in the audience.

Second Favorite Quote:  “Management is efficiency in climbing the ladder of success;  leadership determines whether the ladder is leaning against the right wall.”  This might be the best way I have ever heard the difference between management and leadership summarized.

Summary:  I certainly consider this book to be one of the “classics” of my non-fiction reading list.  There are definitely some  nuggets of knowledge in this book even if I don’t consider it to be in my top 10.  The title of the book does an apt job of describing its contents, which for the most part I agree with.  Having said that, I would be surprised if I ever gave this book a second read.

 Habit 1 :  Be Proactive

I cannot think of anything that has a had a bigger impact on my life then simply being proactive, so I certainly believe in this habit.  Throughout life, we will all find ourselves in a variety of challenging circumstances, and when we do we have a choice to “Wait & See” or to “Take Action!”  I have a strong bias toward taking action and actively encourage the people in my circle to do the same.

 Habit 2:  Begin with the End in Mind

Dr Covey’s take on this is rooted in a visionary and long term view of what is important in our lives as well as where we want to end up.  While that is certainly wonderful advice, I tend to find myself using this habit more when reminding myself the” importance of achieving a specific result,” and that sometimes the result can only be achieved if I am willing to sacrifice my original vision of what is required to bring the result to reality.

 Habit 3:  Put First Things First

This is all about prioritization, and making sure that we are getting the most value out of our time.  At Staley, we use the term “High Payoff Activity” or “HPA” to describe the most important activities we should be focusing our time on.  It is easy to get distracted.  It makes complete sense to apply the same logic to our personal lives.  However, it is tough to do this if we haven’t embraced Habit 2.

 Habit 4:  Think Win-Win

 I am not a big fan of this phrase, but to Covey’s defense, I don’t think it was quite the buzzword in 1989.  Having said that I am a big believer in the concept.  “Win-Win,” means that life isn’t a zero sum game.  We can each have larger pieces of the proverbial pie if we figure out how to grow the pie.  Having said that, it is easy to get trapped in the “Win-Lose” mindset, and I have to sometimes remind myself that the success of someone else is doesn’t equal a failure for me.

 Habit 5:  Seek First to Understand, Then to Be Understood

This habit really stuck out with me.  Nobody would ever accuse me of being a great listener, however, I am committed to becoming one.  Making a point of truly trying to understand what somebody is trying to communicate to me before I try to figure out how to respond is pure gold in my mind.

 Habit 6:  Synergize

Speaking of buzzwords, this one is a dandy.  I probably got the least out of this section of the book.  I am a big believer in the value of a strong team and of teamwork.  I also think it is very important to keep an open mind.  But, I also don’t immediately favor the notion that “two heads are better than one.”

 Habit 7:  Sharpen the Saw

Here is a habit that I absolutely agree with.  It is absolutely crucial to nurture and grow ourselves throughout our lifetimes.  It is equally important not to neglect any one area of oneself ( physical, social, mental, or spiritual.)  The habit of Sharpening the Saw fits right in with my goal of being an Renaissance Man.

Reading Notes: Getting Things Done

Author: David Allen

Format: Audible / Kindle

Narrated By: David Allen

Subject: Productivity

Rating: 8/10

Summary:

Getting Things Done has transformed the way I conduct my life, which really says a lot.  The book itself describes a system for dealing with the immense variety of activities, commitments, and projects we each struggle to juggle in our daily lives.  The system is built around 5 key steps: Capturing, Clarifying, Organizing, Reflecting, and Engaging.  The purpose of the system is to get all of your obligations out of your mind and into a known centralized location in the form of lists, which should allow you to have a “mind like water,” and more capable of being in the moment.  It should also allow you to have the ability to spend your time working on the activities that you can possibly complete in any given situation.  This system is a lot like Chess in the fact that it takes a moment to learn, and a lifetime to master.

In the three or so weeks since I started reading the book I have made the following progress:

  • My Physical In Box at work is habitually empty (this doesn’t mean I have completed all of the work and don’t have any pending action items.)
  • My Email In-Box is also habitually empty (see above.)
  • I have adopted contextual list-taking as a way of life.
  • Actively adopting checklist for repetitive activities in my life.
  • I have noticed an uptick in my productivity and less loose-ends across the full spectrum that is my life.
  • My mind wanders less when I am in meetings and having conversations.

That last bullet point is a substantial benefit.  Having said that, I found my mind constantly wandering to projects, ideas, and activities as I worked my way through the book because I found it very difficult to digest the information without trying to apply it to my life.  So that was a bit of a viscous cycle.  I will definitely keep a copy of this book for reference.

What I liked Most About the Book:  Seeing my empty In-Box, and the focus on defining the “Next Action.”

What I liked Least About the Book:  The information tends to become more and more repetitive as you read through the book.  All in all, Getting Things Done book reads much like a textbook which to be fair, it pretty much is.

Illustrates the Getting Things Done process.

Reading Notes:  How to Talk to Anyone

Author: Leil Lowndes

Format: Audible

Narrated By: Joyce Bean; Liel Lowndes

Subject: Communication /Relationships

Rating: 6/10

Summary:

How to Talk to Anyone is a very useful book for anybody that doesn’t already consider themselves a social butterfly.  The author, Liel does an excellent job of breaking the subject matter down into bite sized chunks.   Doing so allows the reader to gradually comprehend and implement the ideas one step at a time.

Most of the “92 Little Tricks for Big Success in Relationships,” presented in the book are useful, but a couple of dozen of them feel a bit forced.  I found the first dozen or so tips to be the most useful.

In Conclusion, I enjoyed How to Talk to Anyone.  I recommend it to anyone who wants to improve their own social IQ.

What I liked Most About the Book:  The bite sized chunks.

What I liked Least About the Book:  The references to Big Cats (for presumed big-shots) and Little Cats ( for ordinary people trying to pose as big-shots.)

Reading Notes: The FIVE Dysfunctions of a TEAM

The pyramid of the Five Dysfunctions of a Team

Author:  Patrick Lencioni

Format: Audible

Narrated By: Charles Stransky

Subject: Teamwork / Leadership

Rating: 8/10

Summary: 

The Five Dysfunctions of a team covers the basic issues that stop otherwise successful people from leading a company.  These issues are revealed and solved through a fictional tale of a new CEO, Catherine Petersen, who takes over a struggling Tech company that should be wiping the floor with its competition.  She spends the lion-share of her time focusing on getting her leadership team to work together to achieve results as opposed to merely just existing together.  She accomplishes this by educating the team of its dysfunctions, and ultimately helping it to overcome them.

What I liked about the book: 

The book is written as a fable as opposed to a reference manual.

Part of the book that most applied to me:  

It helped me develop a better understanding of the need of conflict in teams.

TLDR:

  • The Five Dysfunctions of a Team according to the book:
    • Absence of trust—unwilling to be vulnerable within the group.
    • Fear of conflict—seeking artificial harmony over constructive passionate debate.
    • Lack of commitment—feigning buy-in for group decisions creates ambiguity throughout the organization.
    • Avoidance of accountability—ducking the responsibility to call peers on counterproductive behavior which sets low standards.
    • Inattention to results—focusing on personal success, status and ego before team success.
  • Not everyone who started on the leadership team, stayed on the leadership team.

 

Reading Notes: How Full Is Your Bucket

Author: Tom Rath

Format: Audible / Hardcopy

Narrated By: Tom Rath

Subject: Leadership / Motivation

Rating: 5/10

Summary:  How Full is Your Bucket is an interesting and easy read that gives insight into the ongoing effects of sincere praise and constructive criticism.   It emphasizes the value of “Bucket Filling” (sincere praise) and the consequences of “Bucket Dipping” (nonconstructive/negative interactions) has on organizations.  In fact, it reminded me of and served as a confirmation of General Colin Powell’s rule of leadership: “Perpetual optimism is a force multiplier.”  The book also warns of the consequences of overpraising and of giving insincere praise.

What I liked about the book: It is easy to read and apply!

Recommended by:  Peter Dunn

TLDR

  • The magic ratio: 5 positive interactions for every 1 negative interaction.
  • Too much positive emotion? More than 13 positive interactions for every 1 negative interaction could decrease productivity.
  • We experience approximately 20,000 individual moments every day.
  • 65% of Americans received no recognition in the workplace last year.
  • The number-one reason people leave their jobs: They don’t feel appreciated.
  • Bad bosses could increase the risk of stroke by 33%.
  • A study found that negative employees can scare off every customer they speak with — for good.
  • 9 out of 10 people say they are more productive when they’re around positive people.
  • During the Korean War, relentless negativity resulted in a 38% POW death rate — the highest in U.S. military history.
  • Extending longevity: Increasing positive emotions could lengthen life span by 10 years.