By the way, you can also buy my new book on Kindle via Amazon, or on Apple i-Books etc.
-mastering the 80/20 rule or "Pareto's Law"; and
-using the awesome power of compounding growth to achieve your life and financial goals.
As you can see, it's quite a chunky book, but isn't a particularly technical piece.
How would you spend it? With whom? Where? And doing what?
I dedicate a significant chunk of the book towards discussing how you can achieve what many today seem to believe is impossible - replacing a salary income with investment income and small business income.
I know how difficult this might seem to some readers.
Without a doubt, it certainly seemed impossible to me when I was in my 20s and working in professional practice as a Chartered Accountant.
I was addicted to the monthly pay cheque, and in fact I couldn't see any feasible manner in which my life could ever be otherwise.
But through using the third principle outlined in the book - compounding growth - to build and snowball your investment portfolio, slowly but surely you can build your net worth towards a position where you no longer become so reliant upon a monthly pay cheque.
It's not a quick fix or a get rich quick plan. It does take time and it definitely requires a level of sacrifice.
But through delayed gratification and persistence it absolutely can be achieved over time.
In particular, the third section of the book is dedicated specifically to a practical discussion of how you might be able to set up a small business in the field of your passion from scratch and without a huge initial investment of capital.
This is very much true in investment, and indeed, it is true in life itself.
In small business instead of trying to be all things to all people, consider who your best customers are and resolve to find more like them.
Around 80 per cent of your revenue and profits will probably be derived from 20 per cent of your customers or 20 per cent of your products.
On the flip side, you will almost certainly find that 80 per cent of your complaints and problems will be derived from 20 per cent of your customers or products (and they won't be the same ones).
Instead of forever trying to think of new ideas and products to bring to the market, why not ascertain which is your most profitable product and promote it more widely?
If unsure about how best to build your business sucessfully and profitably, find someone who has already achieved what you want to and learn from them.
This concept has a name - it's called "modelling". The concept can be used right across a business.
It's such a very simple strategy, but one which should form the core of any investment portfolio.
In property investment due to the leverage involved we naturally tend to make fewer decisions but much bigger ones - the 80/20 Rule in action once again - and so I discuss in some detail how you can go about making sure the decisions you do take are also the right ones.
It's the most important concept there is for investors, who must understand how to build upon past successes in order to snowball their wealth.
The same is true in small business and other areas of our life too.
For investors I'm a strong advocate of acquiring quality assets in both the share markets and capital city property markets which can be held on to for as long as you live, continuing to deliver income and capital growth in perpetuity.
Indeed, this related to yet another concept I introduce in the book.
Instead of trying to build a retirement portfolio which will hopefully last just about as long as you live, why not instead consider implemeting a plan which aims to build wealth throughout your lifetime...or even beyond your own lifetime so that you can leave a legacy?
This is another mindset shift which I introduce and explore in Take a Financial Leap.
Gosh I'd better wrap it up there as I seem to be in danger of churning out a blog post which is half as long as the book itself...you'll have to buy the book to find out more.