Rich, Richer, Richest…Dad

Rich Dad Poor Dad

Rich Dad Poor Dad is a 2000 book written by American businessman, author and investor Robert Kiyosaki. It advocates financial independence and building wealth through investing, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence to improve one’s business and financial aptitude. Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki’s life. Kiyosaki stresses the ownership of high value assets that produce cash flow, rather than being an employee in the book.

  • World treats you is based on How you treat yourself
  • Mistake = Opportunity to learning
  • Assert = CashFlow
  • The Harder people work – Make less Money
  • Rich want’s Assert; Poor Want’s PayCheck
  • God Made GOLD, Man Made MONEY!!
  • Way to be Rich : (a) Business, (b) Real Estate, (c) Papers – Stocks, mutual funds, equivity, etc,  (d) Commodity (Gold, etc)

CashFlow Quadrant

Financial Statement

 

CashFlow Board Game

Summary–NAC 2014, Bangalore

National Achievers Conference 2014, Bangalore

 

Success Resources has had the pleasure of hosting the world’s best speakers and coaches at the National Achievers Congress throughout its 22-year history including: Sir Richard Branson, founder of the Virgin Group; Tony Blair, former Prime Minister of the UK; Bill Clinton, former President of the United States; Anthony Robbins, the world’s number one success coach; Donald Trump, Billionaire and Real Estate Mogul. Every event sees more than 5,000 participants at each event in countries all over the world. They come from all walks of life, representing industries across the board to meet and interact with legendary success icons. For the first time in India, we are proud to bring to you Robert Kiyosaki, best-selling author of Rich Dad, Poor Dad together with a panel of International speakers. 

Why to become Rich

  • Lifestyle
  • Contribution
  • To become the person who I want to be (Passion, etc)

Summary (As captured)

  • World treats you is based on How you treat yourself.
  • Hungry for success.
  • Questions – Hook the mind, Don’t believe, experience self
  • Mistake = Opportunity to learning.
  • Assert = Cash Flow.
  • The Harder people work – Make less Money.
  • Rich want’s Assert; Poor Want’s Paycheck.
  • God Made GOLD, Man Made MONEY!!
  • Way to be Rich : (a) Business, (b) Real Estate, (c) Papers – Stocks, mutual funds, equivity, etc,  (d) Commodity (Gold, etc).
  • Book is an Advertisement, But didn’t look so, Has high value, open doors, get speaking engagement.
  • Try to connect with people : Provide an ebook for download after signup (Name, Email Address).
  • Digital Marketing – Information Business – Any body can you it, Low cost – High profit, Fully automated, No limit.
  • Monthly cash flow = Rent – (Mortgage + Maintenance cost + Operating cost + Cost of deposit).
  • Multi-Rent Property = More income from Rent.
  • Everything is Negotiable, Value my time and Ask powerful questions, Knowing Vs Owning, Kids natural state – Learning, Growth happens in the struggle.
  • 3 key to success – Become an Expert, Passionately share and Play the world game.
  • Plan to win : Success principles, Change Management, Negotiation, Resource Management and Strategic alliances.
  • Ability to unlearn and relearn
  • Emotional health + Mental health
  • Unintended choices results in unwanted results
  • Awaking your destiny – a) Find your gift (What are you good at), b) Find a mentor, c) Take consistent actions (Actions creates traction), d) Engage the universe, e) Stay with faith
  • “I believe in you” – Powerful words
  • Abrakadabra – I create as I speak
  • Clear the under current, Master your fear, Embrace the success in you!!
  • How did I get into this situation and think How can I get out of this Situation.
  • Fruits of the invisible (Roots), To fix the fruit, fix the root.
  • Thoughts > Feeling > Action = Results
  • My inner world is the outer world, Who we are at the outside is who we are at the inside.
  • Powerful communication skill give you a passport to the world
  • Selling : Who are you? What do you have ? Why should I care ?
  • It’s not where you start, It’s where you’re going
  • Create a compelling WHY
  • You have an energy signature
  • Employee yourself
  • Relationship capital
  • Write a new story
  • Educate…Mind, Body – Nobody can take it away, Make it useful to others as service.
  • Never Never Never Never Ever Give Up
  • Commit to goal
  • Title – Capture people’s attention
  • Provide your service – More that the pay you get
  • Stand out – Be the best you
  • Get to the top, Bottom is noisy
  • If you do what is Easy, Life will be Hard, If you do what is Hard, Life will be Easy.
  • Hungry : Develop your minimal, Only quality people, Develop your communication skills
  • Play safe Vs Play all out.
  • Big money is made on Big Move…
  • Trader/Trading is like a thermostat – Set Low = Less Money, Set to High = Lots of Money
  • Never quit on yourself, Whatever it takes, What it takes go Big or go Home.
  • Together we can do it!!
  • Blueprint : Marketing, Branding, Relationship, Coaching
  • Powered by your success.
  • Key to Business : Marketing, Branding, Attract buyers, Raise capital, Network with Millionaires…
  • Branding with association – Photos with celebrities.
  • Money is like fuel to car, it is not the journey nor the destiny
  • Learned Helplessness – tied elephant story
  • Quality of self is one’s reasonability, No blaming…
  • Be an optimist, Value people, Be true to yourself, Enjoy life – Celebration
  • Attention Networking: Networking is all about giving attention, Not in getting attention!

 

 

See you at National achievers conference 2015.

Investments and growing Money

Let your Money work for you instead of you working for Money. Investing right amount in right area at right time reaps good benefits. Here are some tools that be of some help.

1. Book : How to Get Rich and Retire Early

How to Get Rich and Retire Early

We all have some talents things we are good at.
We also have a list of things that we would like to do things that we enjoy doing things like reading, travelling, listening to music etc.
Then there are activities that give us a sense of purpose activities like teaching or helping a stranger. Doing these things makes us feel great about ourselves.
These are causes that we connect with.
And then we have our busy work schedules that keep us from doing all these things.
Most of us accept this reality and move on with life. Our dreams stay dreams.
We tell ourselves that the day will come when we will retire and do things that we are passionate about.

2. Book : Rich Dad Poor Dad

Rich Dad Poor Dad is a 2000 book written by American businessman, author and investor Robert Kiyosaki. It advocates financial independence and building wealth through investing, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence to improve one’s business and financial aptitude. Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki’s life. Kiyosaki stresses the ownership of high value assets that produce cash flow, rather than being an employee in the book.

3. Book : The Warren Buffett Way

The Warren Buffett Way, a book by author Robert Hagstrom, outlines the principles of value investing practiced by successful investor Warren Buffett.

Warren Buffett is the most famous investor of all time and one of today’s most admired business leaders. He became a billionaire and investment sage by looking at companies as businesses rather than prices on a stock screen. The first two editions of The Warren Buffett Way gave investors their first in–depth look at the innovative investment and business strategies behind Buffett’s spectacular success. The new edition updates readers on the latest investments by Buffett. And, more importantly, it draws on the new field of behavioral finance to explain how investors can overcome the common obstacles that prevent them from investing like Buffett.  New material includes:  How to think like a long–term investor – just like Buffett Why “loss aversion”, the tendency of most investors to overweight the pain of losing money, is one of the biggest obstacles that investors must overcome. Why behaving rationally in the face of the ups and downs of the market has been the key to Buffett’s investing success Analysis of Buffett’s recent acquisition of H.J. Heinz and his investment in IBM stock  The greatest challenge to emulating Buffett is not in the selection of the right stocks, Hagstrom writes, but in having the fortitude to stick with sound investments in the face of economic and market uncertainty. The new edition explains the psychological foundations of Buffett’s approach, thus giving readers the best roadmap yet for mastering both the principles and behaviors that have made Buffett the greatest investor of our generation.

4. Podcast : The Dave Ramsey Show

More than 20 years ago, Dave took to the air to share practical answers for life’s tough money questions. What started as a local show on one radio station in Nashville soon spread to another station … and another … and another.

Today, The Dave Ramsey Show is on more than 500 radio stations from coast to coast with more than 8 million listeners, but Dave’s message hasn’t changed. It’s still as practical and common-sense as ever.

Real Talk About Life and Money

a) Podcast Website

http://www.daveramsey.com/show/

b) Subscribe

https://itunes.apple.com/podcast/the-dave-ramsey-show/id77001367/

5. Podcast : Motley Fool Money

 

Motley Fool Money airs every week on radio stations across America, including top-10 markets Los Angeles, San Francisco, Houston, Boston and Washington, DC. Its companion podcast is consistently ranked as one of the top business & investing shows on iTunes. The show features a team of Motley Fool analysts discussing the week’s top business and investing stories.

a) Podcast Website

http://wiki.fool.com/Motley_Fool_Money_Radio_Show

b) Subscribe

https://itunes.apple.com/us/podcast/motley-fool-money/id306106212

6. Useful Links :