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How would it feel if you had the answer to your financial problems? How would it feel if you could help other people with your financial genius? The self-made rich started with nothing but the knowledge required to win. Now they enjoy financial freedom. You can live that life and it starts today. Robert Kiyosaki gives you 10 steps to awaken your future that you can use no matter where you are financially for now.
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not!
Starting down the plan to wealth is not easy but it's possible for you if only you can awaken the sleeping financial genius within yourself. 90 percent of the western world still believes you must work hard, spend money, and borrow money when you need more money. Admittedly, it is easier. However, if you want to be wealthier 10 percent Robert Kiyosaki has 10 steps to awaken your financial genius. Whether you use these steps or come up with your own, your financial genius is a power only you can unleash.
Find a reason greater than reality: the power of spirit. Most people want to be rich and financially free but it's their current reality that holds them back. You know the road to financial freedom will be tough so you must have an amazing reason. A reason or purpose is a combination of what you want and what you don't want. What do you want? What do you never want again? Those answers must be deep-seated and emotionally strong enough to overcast the reality directly in front of you. If you are stopped by your reality, there is no sense in reading further. It will seem like too much work.
Make daily choices: the power of choice. Financially, with every dollar you get in your hands, you hold the power to choose a future of being rich, poor, or middle class. Your spending habits are a perfect reflection of who you are. Yes, you chose your current financial position. remember blaming anyone else only turns off your financial genius. Time and learning are your most precious assets. What are you doing with your daily choice of what to do with your time, money, and education? If you choose to be rich, then invest in your education first. Most people would rather put money into investments, rather than in learning about the investments. There are others who refuse to study a study of which they "Know it already". Unleash your financial genius by immersing yourself in education even consuming ideas you completely disagree with. The net result will be a new way of looking at the same problem or situation unleashing solutions.
Choose friends carefully; the power of association. Don't choose any of your friends based on their financial statements because there is something powerful to learn from everyone. Instead, seek out knowledge from your friends. You must identify whether they are teaching you what to do to get what you want or what not to do. Don't listen to people who do not want you to want. Listen to the person who says the market is going to crash and the other person who says it's going to boom. They both have valid points and will help you make intelligent decisions. One of the hardest things about wealth-building is to be true to yourself instead of going along with the crowd. Profits are made when and how your buy, not when you sell. Financial intelligence is using the information you can learn from your friends.
Master a formula and then learn a new one: the power of learning quickly. You will become what study is just like following a recipe. Only one money formula has been taught to most people: work for money. If you don't like where that formula leads, then change the formula. There a tons of courses and training on wealth formulas available to you. The next trick is to have the discipline to actually put them into action. Speed is the secret sauce to any formula. Now that the world changes so fast, it's not so much what you know anymore, it's how fast you can learn something new.
Pay yourself first: the power of self-discipline. If you cannot get control of yourself, do not try to get rich. It is the lack of self-discipline that causes lottery winners to go broke so quickly. This is one of the hardest steps to master because it is already a huge part of your makeup. It's easy to allow your low self-esteem and low tolerance for financial pressure to keep you from wealth. People who lack internal fortitude often become victims of those who have self-discipline. Learning to develop management skills in cash flow, people, and personal time will allow you to direct how you live your life. You probably have heard the saying "pay yourself first" and maybe you even say it yourself. Are you doing it? It is the most basic financial self-discipline. This discipline will force your financial genius out in order to get your bills paid and creditors off your back. In fact, It is how to make them work for you instead of against you. To successfully pay yourself don't get into large debt positions, keep your expenses low, and build up assets first. When you come up short, let the pressure build, and don't dip into your saving or investments. Use the pressure to inspire your financial genius to come up with new ways to increase your ability to make more money and your financial intelligence. If you do not like financial pressure, then find a formula that works for you calls out your financial genius, and enjoy life.
Pay your brokers well: the power of good advice. If you hire professionals, real professionals worth their expenses fees, then their services should make you money. The more money they make, the more money you should make. A good broker should provide you with information and will take the time to educate you. A good broker can save you time in addition to making money. They are in the market every day so you don't have to be. If you are trying to do everything yourself you must not value your time very much. Keep in mind, not all brokers are created equal. Most are simply salespeople, they sell but are not invested in what they sell. When you interview paid professionals find out how much they own of what they sell. Find brokers who have your best interest at heart because they share your interest. The real skill of managing people is knowing how to manage people who are smarter than you in their technical area.
Be an Indian giver: the power of getting something for nothing. The term Indian giver formed with the first European settlers came to America the Indians would share their supplies. Mistaking it for a gift, the settlers were offended when the Indians asked for it back. The Indians also got upset when the settlers did not want to give it back. All of it was a simple cultural misunderstanding. In the world of assets, the sophisticated investor's first question is "how fast do I get my money back?" and return on investment is vitally important. It's best to pay attention to your initial dollars in investment and get it back as soon as possible. Once you are able to get your initial dollars out of the investment you technically own an asset for free. Only play with money you can afford to lose. You can limit your losses to only the initial money you have the investment. In every investment look for something, you get for free.
Use assets to buy luxuries: the power of focus. The process of developing cash flow from an asset column is easy in theory, what's hard is the mental fortitude to direct money to the correct use. Today's consumer world is full of temptations to blow money out of the expense column. The earlier you can train yourself and those you love to be masters of money, the better.
Choose heroes: the power of myth. One of the most powerful ways we learn is to mimic our heroes. Now that you are older, choose heroes who live the financial, professional, and personal lives you aspire to. Just like your sports heroes of your youth, learn their stats and analyze their raise to their position from the minor leagues to the majors. Figure out how they are staying on top when most people will fall off. Your heroes will do more than just inspire you, they will convince you that you can be just like them. Find Heroes that make it look easy.
Teach and you shall receive: the power of giving. If you want something, you first need to give. Whenever you feel short or in need of something, give what you want first and it will come back in buckets. That is true for money, a smile, love, or friendship. It may be the last thing you want to do at times but it works. Teach, and you shall receive. If you want to learn about money, teach it to those who want to learn. While you will most often get something in return, learn to give for the joy that giving itself brings.
This lesson is vitally important to an entrepreneur. Knowing how to raise and utilize capital is one of the most important skills of an entrepreneur. The success of your business will always depend on your financial genius. When you are in the early stages you must learn how to spend money when you have no money. Eventually, you will have to know what to do with too much money. Even if you have the best team, your financial genius is required. The best part is improving your financial genius is fun. Most people struggle with the same financial problems over and over again. Financial geniuses get to tackle new financial problems, help people, and get rich in the process.
I can't possibly do justice in this review, I urge you to get even more insights from the source. Rich Dad Poor Dad by Robert Kiyosaki was written in 1997 but it's still credited as the inspiration for billionaires today. If you have read it before, are you following the principles outlined? If not, it's time to read it again. Better yet, that your financial education to the next level with Robert Kiyosaki's free quiz which outlines your next step toward financial freedom.
It's time to get started on your journey to financial genius. Robert Kiyosaki has the tools to get you started. This journey is difficult but you already know it is worth it. You already know there is more this world has to offer. The only thing keeping you from your dreams is your dedication to your financial education. Just imagine how it will feel to use your financial genius to solve the biggest problems in your world.
Kiyosaki, Robert. "Getting Started" Rich Dad Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not!, 1997. pp. 164 - 186