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#1 Money is a powerful thing. It offers security in old age, a better future for our children, and a helping hand in times of crisis. It can bring respect, influence, and authority.

#2 You can minimize the negative impact of a difficult situation by thinking positively. You can compare yourself with the poorest people in the world, for example, and realize that your situation isn’t that bad.

#3 To figure out what you really want, ask yourself five follow-up questions after making a statement: I want to be rich. Why do I want to be rich. To not worry about money. Why do I want to not worry about money. Because I’m afraid. Why am I afraid. To be restricted. So the goal isn’t to be rich, but to be free.

#4 To set goals, first write down your main goal or project. Then, identify the expected outcome as a single sentence. Next, identify the first action you need to take to move closer to your goal. When you’ve completed that action, write down another one.

Summary of Andrea Plos' Sources of Wealth

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