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Bruce Fleet - The Solomon Secret: 7 Principles of Financial Success from King Solomon, Historys Wealthiest Man

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Book:
The Solomon Secret: 7 Principles of Financial Success from King Solomon, Historys Wealthiest Man
Author:
Bruce Fleet
Publisher:
Penguin Publishing Group
Genre:
Books / Art
Year:
2009
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Using Solomons life and teachings as a foundation, Bruce Fleet offers todays readers a unique, well-grounded, proven method of wise investing.
Solomon was more than just a character in the Bible-he was the richest man who ever lived. If we could learn from him directly, what would he teach us about growth in riches and knowledge? And how can we relate his life and wisdom to the society and successful financial planning of our contemporary world? Bruce Fleets The Solomon Secret brings together instructional parables highlighting the wisdom of historys wealthiest man, with practical and sound financial advice for twenty- first-century readers.
In the bestselling tradition of The Richest Man in Babylon, The Solomon Secret follows King Solomon as he mentors his young protg, Abidan, on the seven basic principles of life and their influence on financial success. Each of these parables illustrates a key principle that Abidan must discover before he can garner more wealth and happiness, and is then followed by Fleets masterful application of these principles to the readers life and to the most urgent and essential financial questions of our time. Fleet, a successful financial adviser and owner of a large investment firm, draws from the time-honored and historically proven wisdom of the life of the ancient king to offer-through the siphon of his own talent and perspective-the very best in financial strategies for todays challenging economic climate.
An accessible and effective mix of teaching stories with powerful financial lessons, The Solomon Secret is a highly readable, informative guide to becoming wealthy and wise.

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Table of Contents

ALSO BY BRUCE FLEET

Demystifying Wall Street: Shedding a Little Light on the BULL!

To Michelle and Matthew my wonderful wife and son for your never-ending - photo 2

To Michelle and Matthew, my wonderful wife and son, for your never-ending belief and support

INTRODUCTION

What if I could get you some time alone with Bill Gates, founder and CEO of Microsoft, the worlds leading software company, or with Warren Buffett, the CEO of Berkshire Hathaway and arguably the finest investor of modern timesthe two wealthiest men in the world. Would you be interested?

Would you treasure having these brilliant men teach you about your financial and investment decisions? Good as they are, these men cant hold a candle to the unique person about to give us advice.

I want to help you reach new levels of success in your financial life. Thats what I do for a living, and this book is my effort to help as many people as possible. There are scores of financial investment books, but this one is unique. I will be bringing my years of investing experience to the table, but someone else is going to help usa person who died centuries ago, but whose writings continue to impact lives today. He was a leader, builder, ruler, and financial genius.

Whether you believe in the persons and stories of the Bible or not, there is much we can learn from them. In this book we are going to explore some of King Solomons teachings. Solomon is considered the wisest and richest man of all time. (Yes, even with his wealth adjusted for inflation, King Solomon would be the wealthiest man today, with wealth that would easily eclipse Gatess and Buffetts combined worth.)

Why Solomon? Why should we listen to a man who lived three thousand years ago? What can an ancient king teach us about contemporary financial matters? Believe it or not, he has a lot to say to us.

In the earliest days of his reign, Solomon, motivated by fear of his inadequacyhe was only twelve when he took the throneasked God for a gift. He could have had anything; think what he could have asked for. Solomon could have requested the mightiest army, an army that would almost guarantee his power over any oppressor; he could have asked for riches beyond compare so that he could be confident of securing the finest government advisers available to make him look good. But what he sought instead was extraordinary at that time, and it is extraordinary in our day. It is what I hope you learn more than anything else from his teachings.

King Solomon asked for WISDOM. Not money or more power. He asked for the ability to make sound judgments and to know the difference between good and evil. (You can read the account in the Old Testament passages 1 Kings 3:9 and 2 Chronicles 1:10.)

I believe that God was so impressed with Solomons simple yet intuitive request, He granted him not only wisdom but also more riches, wealth, and honor than anyone in history.

Solomon is the poster child for wisdom and wealth, and much of his thinking is written down. Its available to anyone. This book makes use of it.

You may be reading this book because you either want to be an investor or are already one of the ninety million investors in the United States today. For our purposes, investor means more than someone who buys stocks and bonds; it also means someone who acquires real estate and works on other ways of making money. As you will soon come to see, the principles contained here from Solomon are far-reaching and hold multiple applications we can use in all aspects of life. Read this book slowly. If a lesson seems too simple, read it again. Sometimes the most life-changing truth comes dressed in simplicity.

For instance, we can enter into a complex discussion of Sir Isaac Newtons mathematical description of gravity or we can simply believe it works and choose not to jump off the roof to test it. Albert Einstein, as well as other scientists, searched for the simple mathematical equation that explains the universe. Quantum physics is telling us about interconnectedness and... sorry, back to investing. The point is: A simple truth is still a powerful truth.

I have been professionally involved in the investment industry for more than twenty years. I have been a senior executive, a national trainer, and a highly requested lecturer on investment topics. During that time, I have seen just about every investment scheme, technique, and process available. Notice I didnt say every investment known. Wall Street continues to create investment products for you to buy. (I cover investment products and she-nanigans in great detail in my first book, Demystifying Wall Street.)

Drawing from my investment knowledge and experience, I hope to bring Solomons words to life and help you apply them to your investment situation. Not that King Solomon needs my help. Solomon lived long before the dawn of contemporary investments. Thats where I come in. Solomon will give us the big picture of what is important and wise, and Ill provide the day-to-day applications.

With each lesson from Solomon, I will attempt to give examples of how the information can be used as a benefit or how I have seen it misused by the foolish. We are going to cover some things that you would expect: goal setting and even a discussion of greed. We will also cover a few things you may not expect, like how generosity can help you grow your own wealth. This will not be a sermonI promise.

As you will see, each chapter has two parts. First we will hear a little from Solomon, and then Ill bring a twenty-first-century application that you can use to further your investing knowledge.

So lets dig in. Let the words of Solomon marinate in your mind. Share these lessons with those you love, with those who are depending on your wisdom. By all means, discuss these lessons with those who help you manage your money.

Its time to get started, but first lets meet Solomon and his protg.

AB I DAN

Abidan harbored two wishes. First, he wished to be anyplace but here. Second, he wished his knees werent shaking. The walk from his home on the northeastern side of Jerusalem seemed to him far too short and his arrival far too early. A servant escorted him to the palace, then another led him into the massive building. Had it not been for the assigned attendants, Abidan would not have had the courage to travel from home to... to... here.

The servant at his side stood tall, proud, and confident, as if he had been born to the station he held. He moved with the kind of confidence that came from bravery. A quiet man, he had said only two words: This way. The sight of the interior robbed Abidan of breath. Beneath his feet were massive, hand-cut stone slabs that formed the foundation. Seeming to hover above him were cedar beams and planks, and the walls were covered in wood panels carved by the finest craftsmen.

They passed through a cavernous room filled with three rows of fifteen stone columns each, cool and smooth to the touch. Scores of gold shields hung on the walls.

Five hundred, the servant said.

Five hundred?

The number of gold shields on the wall. Every visitor asks. You were thinking of asking.

Abidan started to deny it, but thought it best not to lie to this man. What is this place?

The House of the Forest of Lebanon.

The columns make it look like a forest.

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