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20 Important Lessons from “Rich Dad, Poor Dad”

Many people work very hard in their life, few work 10+ hours a day but eventually do not save much and never get rich. 

Robert Kiyosaki, author of the book explains smart ways to escape this “rat race”. I have summarized the book for your quick, better understanding. Please note that this book has very big impact on my life and my goals.

Summary from the Book:

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5 AM Club

Quite often, people 🤔 ask me – how do you manage to do multiple things? My answer is that I belong to “The 5 AM Club ⏰”.

“The 5 AM Club” by Robin Sharma is a motivational book that revolves around a revolutionary concept: owning your morning to elevate your life. Here is an infographic visual of “The 5 AM Club”.

Central to the book is the idea of the 5 AM club—a routine where individuals wake up early, dedicate time to personal growth, and start their day with exercise, meditation, and learning. According to Robin Sharma, this practice enhances focus 🎯, productivity, and overall well-being❤️‍🩹.

Key lessons 💡 include the value of consistent habits, the power of self-discipline, the importance of escaping complacency, mastery of time and the significance of nurturing mind, body, and spirit.

 

The author blends storytelling with practical advice, presenting a compelling case for how the early morning hours can be leveraged to achieve personal transformation and extraordinary results. “The 5 AM Club” ⌚serves as both a motivational tale and a blueprint📘 for readers seeking to maximize their potential 📈and lead a life of purpose and fulfilment and achieve lasting success 🎇.

 

Are you 5 AM Club member???

success 5amclub booksummary author leader

5G at a glance

We all have been reading a lot about the launch of 4G in India.  The air is filled with buzz as many types of debate and discussions are taking place.   Today articles are being written on what will happen in terms of pricing and completion with the launch of 4G by one of the major telecom players. This made me wonder what will come next after 4G. Is 5G waiting for us in offering?

With this curiosity, I surfed the internet to discover the when, what, who and where about 5G. Read More…

7 Key concepts of Health Insurance 

Health Insurance

Recently, one of my close friend’s mother had cardiac arrest and she had to be immediately admitted in nearby star hospital. At the time of admission, hospital asked to deposit huge amount even before admitting her. My friend was not in that position to deposit that amount. That’s when he called me & asked for some monetary help. Needless to say that I helped him. But, later after her mother was operated & discharged, I asked him one day as don’t you have health insurance for you & your parents? That’s when I learnt that he had landed in soup by buying health insurance policy, which didn’t helped him in the need of the hour. Read More…

7 Questions with Biren Parekh

This sure made my day! Here is a link to my latest interview – 7 Questions with Biren Parekh. Jonno White is a highly effective and experienced leadership coach. He has transformed several large and medium-sized corporations through his leadership coaching. 

One can read answers to the following 7 questions in my interview

 

  1. What have you found most challenging as a CEO or executive of a large enterprise?
  2. How did you become a CEO or executive of a large enterprise? Can you please briefly tell the story?
  3. How do you structure your work days from waking up to going to sleep?
  4. What’s the most recent significant leadership lesson you’ve learned?
  5. What’s one book that has had a profound impact on your leadership so far? Can you please briefly tell the story of how that book impacted your leadership?
  6. How do you build leadership capacity in a large enterprise?
  7. What is one meaningful story that comes to mind from your time as a CEO or executive of a large enterprise so far?

 

Grateful to my company Intellect Design Arena Ltd for the opportunity and freedom to showcase my leadership strength over years. 
 
Waiting to hear your thoughts!

 

 

 

 

A “Green” Mystery

Recently, we were passing by a plant Nursery & my wife asked me to stop and purchase some indoor plants. Since I also love the same, we stopped by & my wife purchased a few indoor plants. Few of them caught my attention & I decided to buy those which looked bit fancy. I asked the nursery owner if they could be grown indoors without direct sunlight. He said yes. That is where we bought our mystery plant! Read More…

Agile V/s Waterfall – A Comparision

We have been hearing a lot about comparison between Waterfall project management versus Agile. And many of us have been dilemma as what exactly each one means & which one to use. 

To address this, I am hereby publishing a Presentation prepared by Mr Koti, who is PMP, ACP, PSM1, PAHM, CSP, ITIL & PMI India Senior Champion. Pls click here to view the same.

AHA Moments

💡AHA Moments!!! 🪄

The moments ✨when people have realized what to do in life!!! ❄️

The Merriam-Webster Dictionary defines an Aha moment 🎊 as a moment of sudden realization, inspiration, insight, recognition, or comprehension. In the context of SaaS and product companies, the Aha! Moment is the first key moment when users realize the value of your product.

Few examples of AHA 🌟💫moments. Note the Age when these celebrities have realized their AHA moment and discovered the valuable 🏅 products!!!!

Any other examples???

Waiting for my AHA moment!!! 😊

#aha #ahamoment #ahamoments #invention #discovery #productinnovation #creativity #creativityandinnovation

AI Washing – The New Face of Fraud

💡 AI Washing : The New Face of Fraud in the Digital Age

Surprised by hearing it as Fraud, isn’t it ???

**AI washing**, a deceptive practice where companies exaggerate their use of artificial intelligence, is on the rise. Surprisingly, the number of S&P 500 companies mentioning AI in their Q1 2024 earnings calls has skyrocketed 🚀by 249% compared to the five-year average.

This alarming 🔔trend highlights the urgent need for companies to be cautious about making broad claims regarding their AI capabilities.

Shargel, from Bracewell, advises organizations to create a clear definition of AI for internal use and regulatory filings to avoid potential scrutiny

CIOs and executives 👑 must thoroughly review their AI capabilities before making any public claims. Failure to do so could lead to misleading statements and potential legal consequences.

AI washing 📈is a form of fraud, that capitalizes on the growing demand for AI-powered solutions. It’s crucial for businesses to distinguish genuine AI innovations from marketing hype to make informed decisions and avoid investing in ineffective tools.

As the generative AI market is projected to reach $1.3 trillion by 2032, up from $128 billion in 2024, the temptation for companies to exaggerate their AI capabilities will only increase.

In nutshell, AI washing is a new and concerning trend that requires immediate attention from companies, regulators, and investors alike.

Read more about it in this article at https://www.cio.com/article/3476097/under-pressure-to-show-progress-cios-must-beware-committing-ai-washing-themselves.html

ai aiwashing fraud technology IT CEO

Biren Parekh