Read your way to wealth

There is a plethora of material on the market that can offer the investor invaluable information to create awesome wealth..why then are so many readers of such books not wealthy?

Overview and your potential commitment

So important is the skill (for that’s what it is), of translating the words that are written in a book to anchored learning that will make a difference to your wealth that, although not share market specific, relates to any book that you will read relating to this topic or any other wealth creation technique.

This article will set the scene looking at the fundamentals of effective reading and suggest a framework through which your reading will facilitate real differences.
Many of you (and yes I have been guilty of this too) will have a series of fantastic learning resources on the bookshelf, proudly sitting there in pristine condition. These texts of wisdom may have even been read from cover to cover (once!). If this is the case you are already ahead of the standard population. How many Rich Dad, Poor Dad books do you think have been sold? Yet how many Rich Dads have you met? Are you a Rich Dad yet?

There is unanimous support from all involved in education and personal development for the contribution that effective reading can make. This is indisputable fact.

Ask any author, in any sphere of wealth creation, what we would rather see..our book on your shelf after one read with pages looking healthy and nurtured, or a battered well-read copy, notes written all over the inside, coffee stains on the pages – all evidence of real reading and the answer will always be the latter.
Horizon Professional has, as a fundamental belief, that it is right in our business to be educationally excellent. This series supports this concept.
If one person reads this and thinks ‘YES, from this moment forward I commit to reading for REAL learning to make a REAL difference’, then the inclusion of this has been worthwhile. I sincerely hope of course that more than one of you will take this information and use it, as the difference it can make will be fantastic.

A framework for your reading success

Our unique 4 step SPAM system has been designed to enable you to read effectively, so optimizing the valuable time you dedicate to this essential task and achieve meaningful learning as a result. Following these four steps will lead you to some wonderful places in your wealth creation career and are illustrated below.

1. Selecting the right book
This involves the following stages:

i	Identifying your overall wealth objectives
ii	Focusing your immediate wealth creation goals and how additional knowledge will contribute to them
iii	Sourcing appropriate reading material – this may be whole books or selected reading from a number of books and will be dependent on your previous experience of the topic. E.g. Should a newer investor to the share market require some introductory learning on Technical analysis, a book we use on the partnership would be one titled ‘ An introduction to charting’.
iv	Listing expected outcomes from reading in terms of what you will know or be able to apply – this will be used as a guide to judge whether more reading on the topic is required at the completion of the book e.g. To use the previous example..to be able to spot lines of support and resistance in a sideways trending stock on a price chart

2. Prereading
This involves the following stages:

i	Allocating time to read
ii	Creating the right environment to effectively read
iii	Positioning yourself (Anthony Robbins would call this getting into state) to approach each reading session with an open mind and a critical eye.
iv	Breakdown of your expected outcomes into smaller sessional goals e.g. identify the meaning of a price chart.

3. Active reading

Active reading is the process through which your reading becomes an effective learning tool. It is so easy simply to read the words on a page without it anchoring. Effective active reading is not this passive process rather it gets the reader to embrace each word, evaluate its usefulness and taking additional actions that will assist in the ultimate aim of making a difference. Included within this stage are:

i	Asking questions of the text related to your sessional goals
ii	Critically reviewing the information to ascertain whether it answers these questions
iii	Effective note-taking

4. Making the difference

The final and most important step in the process is one that is the least applied by the majority of readers. This involves taking the relevant information from the note-taking in the previous step and action planning to apply this into your wealth creation strategy. E.g. To write how you would use of lines of support and resistance in your trading plan and implement trades using that plan.

Summary
Of all our articles on this site, this could be the most important and meaningful lesson as without implementing the above the words we have previously written may just have remained simply just that i.e. words on your screen.
Obviously we have just skimmed the surface of what you could do within this article. For now, reflect on what you are reading and you have a choice next book you read, simply words or meaningful learning!

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