10 Best Ideas | Rich Dad Poor Dad | Robert Kiyosaki | Book Summary

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Let's talk about getting rich.

What do the rich teach their kids about money? Today’s book summary and book review: Rich Dad Poor Dad by Robert Kiyosaki.

This book is one of the most successful finance books out there. Robert Kiyosaki's classic wealth income and money making off real estate book, Rich Dad Poor Dad is packed full of actionable ideas and take aways. You might also consider getting the full book or audiobook for this – it’s killer!

Here are the best 10 ideas from “Rich Dad Poor Dad” by Robert T. Kiyosaki

FULL BLOG POST: http://wp.me/p7GXUp-wV
GET THE BOOK: http://amzn.to/2ap2EPd

★★★ BIG 10 IDEAS ★★★

(2:30) 1. MODELS FOR WEALTH
The book focuses mostly on the education and financial learned from his rich dad. We all have models for wealth. Money / Beliefs are LEARNED growing up - most the time not consciously. Become conscious of our beliefs / models in order to change them.

(4:20) 2. YOU’RE BROKE, NOT POOR
“Being broke is temporary - being poor is eternal” -RK
Even if you don't have money now, view yourself as broke, NOT poor.

(5:20) 3. FINICAL FREEDOM
“The poor and middle class work for money. The rich have money work for them.”
We have two options in life:

(7:50) 4. FINICAL IQ
Schools teach how to work in a job. Not how to get rich.
Finical IQ composed:
ACCOUNTING:
INVESTING:
UNDERSTANDING MARKETS:
LAW:

(11:10) 5. E.B.S.I.
EBSI: Employee / Business Owner / Self Employed / Investor
Four possible paths for us (can be a mix of all.)

(12:40) 6. ASSETS
"Know what an asset is, acquire them and become rich.”
For most people, their profession is their income. For rich people, their assets are their income.
ASSETS ARE: Businesses, Stocks, Bonds, Mutual funds, Income-generating real estate, Royalties, Anything which appreciates in value over time

(15:00) 7. LIABILITIES
something which takes money out of your pocket.
Learn to live off of 75% of your paycheck.
“Grow your income not your lifestyle.”

(16:10) 8. POWER OF COMPOUNDING
Why the 1% get richer.

(16:50) 9. PAY YOURSELF FIRST
Pay yourself first.
Before you pay your bills each month. Save 10%.
MY TIP: If there's ice cream in freezer, it WILL get eaten. Separate bank account for this 10% money. Automatic withdrawal from paycheck.

(19:00) 10. GETTING STARTED: TEN ACTION STEPS
Be VERY clear here: NOT giving personal finical advice - not qualified for that. telling you what I am doing / what is recommended in this book.



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✔ SOURCES ✔
Videos:
[Investools] — “Investing Basics: The Power of Compounding” — https://www.youtube.com/watch?v=immQX0RKFY0

Music:
Intro Song “Refute” and “The Back of Your Hands” by Nimino, follow here:
https://soundcloud.com/niminomusic
Song “Flood” and “Drift” by TREGS, follow here:
https://soundcloud.com/tregsmusic
Song by “Perth (Bon Iver Remix)” by Mi Ka, follow here :
https://soundcloud.com/mikamusic-1
Song “The Back of Your Hands” by Nimino, follow here:
https://soundcloud.com/niminomusic
Song “Thinkin’ Back Pt. 2” by Derlee, follow here:
https://soundcloud.com/derleemusic
Song “Walking Home” by Nick Leng, follow here:
https://soundcloud.com/nick-leng
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Видео 10 Best Ideas | Rich Dad Poor Dad | Robert Kiyosaki | Book Summary канала Clark Kegley