1 Humble beginnings Flashcards

(38 cards)

1
Q

What was the author’s initial reaction to the invitation to the 20-year high school reunion?

A

Conflicted about attending, interested in seeing old friends but considering leaving the past behind.

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2
Q

How did the author’s high school experience impact his self-perception?

A

He felt overweight and an academic underachiever, which affected his confidence.

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3
Q

What significant achievements does the author highlight in his life at age 37?

A

Involved in over $13.5 million in property projects, multi-million-dollar business interests, and author of a successful real estate book.

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4
Q

What does the author imply about high school as an indicator of future success?

A

High school is not always a good indicator of future success.

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5
Q

What is the author’s investing tip regarding change?

A

To achieve something different, one must make changes.

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6
Q

How does the author describe his upbringing?

A

Decidedly middle-class, with a father who worked hard and a mother who focused on home and family.

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7
Q

What dangerous assumption does the author mention regarding education?

A

It is assumed that everyone knows how to study effectively.

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8
Q

What was the author’s initial career aspiration?

A

He wanted to be a physiotherapist.

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9
Q

What career path did the author ultimately pursue instead of physiotherapy?

A

He became an accountant.

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10
Q

What is a common misconception about accountants according to the author?

A

That accountants need to be highly skilled in maths.

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11
Q

What was a turning point in the author’s accounting career?

A

Securing a job with a big international accounting firm.

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12
Q

What did the author realize after achieving chartered accountant status?

A

He was disillusioned with his chosen career.

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13
Q

What health issue did the author face due to career stress?

A

He developed ulcers caused by stress.

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14
Q

What does the author identify as a common desire among people regarding work?

A

The desire for financial independence.

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15
Q

What opportunity did the author consider after reflecting on his career?

A

A flyer promising to show how to retire a multi-millionaire.

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16
Q

What was the author’s impression of the wealth-creation seminar?

A

He suspected it was a sham marketing scheme.

17
Q

What did the author and his wife decide to do during the seminar?

A

They decided to leave the seminar.

18
Q

What did the author do after leaving his job in accounting?

A

He opened a chartered accounting firm with a colleague.

19
Q

What realization did the author come to about his work in accounting?

A

He hated working in accounting and wanted to pursue something else.

20
Q

Who was the speaker that inspired the author at an introductory event?

A

Robert Kiyosaki.

21
Q

What was the cost of the upcoming two-day intensive training seminar?

A

$2000 per seat.

22
Q

Who was the speaker that impressed the narrator?

A

Robert Kiyosaki

23
Q

What was the price per seat for the upcoming seminar?

24
Q

What time did the introductory event finish?

25
What was Dave's initial reaction to attending the seminar?
He was skeptical about the cost
26
Fill in the blank: The narrator described the seminar as a potential opportunity that they did not want to _______.
miss out on
27
How long had Dave and the narrator been in business before the seminar?
Three months
28
What did the narrator discover at the seminar about property investment?
It could earn immediate passive income
29
What did the narrator's discovery about passive income allow them to do?
Work less without taking a lifestyle cut
30
What did the narrator feel after attending their high school reunion?
Reinforced their decision to leave their previous career
31
Insight #1: What is more important than your history according to the narrator?
Your future
32
Insight #2: What should you not fall into the trap of thinking regarding accounting backgrounds?
That they are better qualified to invest
33
Insight #3: What is necessary to expect when it comes to education?
To pay for it, either directly or through mistakes
34
Insight #4: What is financial independence described as?
A series of choices that move you closer to your goal
35
Insight #5: What is there nothing to be afraid of when it comes to?
High school reunions
36
True or False: The narrator regretted attending the seminar.
False
37
Who did the narrator try to convince to attend the seminar?
Dave
38
What did the narrator do after Dave took his phone off the hook?
Called him on his mobile