The widely known billionaire, real estate mogul, and current Republican presidential candidate once wrote a book called “How to Get Rich”. In this book Donald Trump who is worth 3 billion dollars, speaks about the secrets of the business world and just as the name of the book suggests, “How to Get Rich”.
One of the definite pros of the book, is its straightforwardness. It is written in easy and understandable language, so the reader won’t need to spend a lot of time on re-reading certain phrases just to understand their meaning.
For your convenience, the book is divided into six sections, each dedicated to a certain area in business. Trump, as a pretty experienced person supplements each of these sections with personal practical examples. When compared to other similar books, such as Jack Welch’s “Winning”, “How to Get Rich” is at an advantage due to its practical content, rather than theory alone.
This books contains a lot of different success tips, applicable to various business types. For example, there are sections dedicated to marketing and successful personnel management. For people that dream of climbing the career ladder, there is a dedicated section with many practical tips. As an overall mindset trainer this books would also be quite useful to traders. Although not very trading specific, such literature helps you build a positive outlook and a mindset that is focused on success.
Right after business success and career growth sections, there are chapters dedicated to financial planning and management. These parts of the book have a number of useful tips for many common topics, and are very wide in their application. Note that some of them might not be applicable to non-US countries though.
Another useful section in “How to Get Rich” is dedicated to correct and successful practices in business negotiations. This is one of the areas where Trump is 100% effective. As an example ,you may find the description of a case from 1974, when the book’s author won a call for bids for the purchase of a hotel. The current owner at this time was the Commodore railroad company, and the state of the property was far from top notch, being dilapidated and badly cared for. Trump took upon himself the duties to renovate the hotel, and somehow negotiated the local authorities to provide a 40-year long tax cut! He did not stop at this, however, and then offered the Hyatt Hotel Corporation which was looking for a place for its new hotel in New York his services and a renovated Commodore. As a result, by 1980 instead of the decrepit Commodore New York had a lively and breathing Grand Hyatt, renovated by Donald Trump. This deal brought Trump true fame.
Donald Trump is rightfully called a master of negotiations, and he gladly shares his insight on the subject in his book. These tips and tricks have practical value, and would be very helpful in real life business. Whether when dealing with your account manager, or if you are considering to diversify your Forex practices with a venture in to the world of business – you should check this book out!