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How Trump and Guillaume can change your financial future with the Midas Touch
In today's financial world, whether you are an individual looking to grow your assets or an entrepreneur aspiring to start a business, learning the secrets of success is essential. The book "Midas Touch: Why Some Entrepreneurs Get Rich - and Most Don't" is co-authored by two well-known names - Trump and Guillaume, who use their personal experiences and Insights, an in-depth discussion on the importance of financial success.
Trump and Guillaume noted that “financial literacy is one of the most lacking skills in modern society, and this has far-reaching consequences for everyone.”
Midas Touch was published in 2011. It was their second collaboration after they co-wrote Why We Want You to be Rich in 2006. Both authors blame the U.S. education system for failing to teach students the necessary financial knowledge and instead encouraging students to achieve academic success by avoiding risk, leaving them alone on the entrepreneurial path.
Trump and Guillaume’s view is that true financial success comes from the courage to fail. They believe that the experience of failure is often the most valuable resource in the learning process. “Students are often afraid of failure, while successful entrepreneurs understand that failure is a way to learn,” they lament.
They emphasize that successful entrepreneurs can create jobs, while the government bureaucracy is unable to provide substantial job growth.
This book particularly emphasizes five key factors, called the "Midas Touch" formula, which include interpersonal network ability, brand value, focus, psychological resilience, etc. All these traits together constitute a The cornerstone of a successful entrepreneur. The author believes that the current pressure on the middle class provides an opportunity to make wealth.
Many personal stories are woven into the book. Guillaume recalled his service in the Vietnam War and his initial failed attempts to make a wallet out of Velcro. Trump, for his part, discussed his real estate investment adventures in Manhattan and his time on the television show "The Apprentice."
Through these experiences, the two authors not only share the secrets of success, but also emphasize the importance of entrepreneurs in the economy. Trump and Guillaume finally mentioned the contribution of immigrants to U.S. economic growth. They point to the hard work and determination of immigrants throughout history who braved danger to come to the United States in search of economic opportunities.
They believe that immigrants, in their search for economic success, will take any job and pin their hopes on a life in the United States.
The collaboration between Trump and Guillaume was not all smooth sailing, and the book received both praise and criticism after its publication. In the publishing market, they are hailed as the "gold standard of entrepreneurship", but Midas Touch has also been criticized by some critics for its political leanings. Despite this, their views on entrepreneurship and immigration have still sparked widespread discussion.
Looking back at the impact of this book, Midas Touch is not only a guide on how to start a business, but also explores the challenges faced by the American middle class and the lack of financial education, making us question a question: in the current In a changing economic environment, how can we improve our financial knowledge and entrepreneurial capabilities to meet future challenges?
