How To Read A Financial Report: The 3 Financial Markers To Watch. Book-Of-The-Day. John A. Tracy

80% of all entrepreneurs go out of business in five years. I was reading this little #knowledgesociety Book of the Day before going to bed tonight. It emphasizes how as an entrepreneur you have to watch three key financial markers: your profits, your balance sheet, and your statements of cash flow. You can't neglect any of those three.

Comments

1. Play the video 1.5x and thank me later
2. how old is he?
3. just so you know the day i saw your " three steps" video was the day my path to entrepreneurship started!
4. love it Tai! these videos and your 67 steps are really helping me out. Thank you. hope to meet you one day
5. I respect Tai, because he gives value in all of his videos. No matter what field or career your in, all of his videos are benifical anyone watching.
6. my friends and family,when they saw me reading so much book,i know what they are thinking.time wasting!!but i don't care,i know i'm downloading knowledge to my brain.i will be the last one laughing😄😄😄
7. This is great information! I know I am losing money/missing out on opportunities to make money because I fail to take the time to understand my own cash flow. This is an area I need to gain more knowledge on.
8. I feel I'm so lucky because I study accounting so I can read those three financial statements. ( •̀∀•́ )
9. I admit tai I was a hater and shit talker and now converted to a believer. sorry for doubting you man
10. Truth! Loving it man!
11. Dj khaled is not a motivational speaker Tai Lopez is he's teaching you the basics on how to make money how not to struggle in life that much
12. I like the short book reviews and perspective
13. Mr. Tai Lopez I also buy stocks but I lost 30 grand on oil this year. Do you have good stocks that you can recommend? Have you heard about clickbank? What is your idea about that? Could you make a video for that?
14. Tai,
    I am sorry to say I love these book of the days even more than when you do a live talk. I try to watch both but these give me more insight and it got me to read for the first time. I haven't read a book since high school and then I read Managing oneself and I am improving in my life in every way thanks!
    Will
15. Great books to read all about this kinda stuff in more detail is the Rich Dad Poor Dad series by Robert Kiyosaki!
    
    You don't have to always go out and find mentors if like Tai says you can find knowledge and insight in a book! And these books are like gold paper! READ THEM!
16. Due to tai i read a book a day now . Ive opend my own business as well he is truly inspiring to people
17. The principles of money... They are hidden laws to how many other things work and can be understood whether people are capable of connecting , associating and discerning or not. I recommend learning what brain regions are responsible for the construction, interpretation and understanding of metaphor and analogy, then attempt to strategically train those areas. If one does and they're able to apply this to their default thinking.... I can anticipate that such an organism can jump light years ahead of everyone else in their accumulation of experiential wisdom, that is profit from experience on the do's and do not's.
    
    It also requires the sound training (which I'm yet to completely figure out) of intuition, symbolic and otherwise. Maybe it can be trained into people, maybe it can only be trained and advanced by some. I don't know yet, though I am aware of adaptations as well as wave like effects and implications such as the Stanford Prison experiment. Who knows why cultural focuses are not redirected at the forefront of public awareness after learning about how we operate, such as through similar well known experiments. Perhaps they are, such as with "good schools", advanced parenting and marketing techniques, by quacks and otherwise. I want to meet people who are active in the synthesis and advancement of the whole of this information onto new territory from this synthesis of psychological and neurological information.
    
    Sun Tzu said, "It is said that if you know your enemies and know yourself, you will not be imperiled in a hundred battles; if you do not know your enemies but do know yourself, you will win one and lose one; if you do not know your enemies nor yourself, you will be imperiled in every single battle."
    
    When will humanity know ourselves to such an extent that our enemy (only by analogy), life, will no longer continually defeat us due to us continuing to make the same mistakes? I don't think people have an advanced understanding of what a mistake is. We have the mistakes weighed against known rules and then we have the unseen mistakes we make against unknown rules that we should be applying in our discernment of inner<--->outer selves. Simplistically, and or as applied to certain sections and connections of society/ies. Interesting.
18. Tai, I am greatly disappointed in the other YouTubers that are leading false audiences towards your videos such as Vanoss Gaming and the crew that works with him. Does it at all make you cringe at the human behavior to sabotage those who are more successful?
19. How did u become this wise tai?
20. got it!