RETIRE YOUNG RETIRE RICH
Robert Kiyosaki is a businessman and author of about 26 books roughly. Along With Internationally popular books name Rich Dad and Poor Dad. And now, the book Retire Young and Retire Rich empower you, how to make money, how to become rich, and retire at the age of about 40 or 45.
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| RETIRE YOUNG RETIRE RICH |
Everyone wants to become rich in their life. Some people already have some help with their parents( property) and some people have to struggle in their entire life to become financially powerful.
Robert Kiyosaki shares his ideas, about how to become rich in an adult age, how to plan, how to invest money...
Many people around the world are rich because they know how to use, where to use money. they mostly use two rules i.e.
1.cash flow means money should be working for you.it should not be stuck as a fixed deposit.
2.leverage is very important for making money.
(Leverage meaning how to make a profit from the money of the public or people).
And one more thing they do not fear to invest money in any situation. Rich people always keep on investing their money in the share market, in any business.
Means rich people keep their money
Working for them, it always floating...
Middle-class people, the big thing is that middle-class people fear to invest their money because there has self-doubt it may be a loss for me like that if there is a loss then my money which I am invested in, poor people always have doubt and fear.
This is a difference between rich and poor people.
self-doubt makes you small, it denies the life which you want to live.
If you want to become rich
first, you should remove your fear and doubt in your mind.
Getting rich becomes easy when you have the proper mindset, a proper plan after you have all, then actions step are easy.
The three skills which Help to get Great Wealth and to Retire Young are :-
1. increasing business skills
2. increasing money-management skills
3. increasing investment skills
First, you should know why you want to become rich, it is easy to know how to do it, you can make a plan but it is hard to know why you want to become rich.
The poor and middle class have a hard time getting rich because they use their own money. If you want to rich, you should know how to use other people's money to get rich, not yours.
If you work hard physically and you do not obtain that much wealth then your leverage is of others, you make money for your owner not for you.
"If your money sitting in the bank in your saving account or retirement account then your money is the leverage (more profit ) of someone else."
And you should know the difference between what is good debts and bad debts, assets and liabilities, good expenses and bad expenses...
Losers are people who think that losing is bad. Losers cannot afford to lose and often avoid losing at all costs. Many losers stuck only on sure things such as job security, a guaranteed pension, and interest from a bank account i.e fixed deposit. Losers keep losing and winners keep winning simply because winners know that losing is part of winning.”
Reality change does not necessarily mean bigger or better. A change of reality may simply be a shift in point of view. Dir example richer always think about how many times they lose before they reach their goal.
Learning to build a business is like learning anything else. Job security is riskier because it builds walls to stuck in one field you cannot get the freedom to do anything in your life. One risk is for short-term life and one risk lasts for a whole lifetime.
It is hard to become rich working for money. If you want to become rich learn how to build, buy, or create assets.”
The big difference was that my plan was a rich plan from the start. It was a plan that would allow me to gain a lot of money, but more importantly, to gain the words, education, and experience required for the Fast Track.
So invest some time by first choosing your exit strategy, and then begin to create and design your plan that will include the education, experience, and vocabulary required for the Fast Track.”
➡Some fast exit strategies are
1.what ideas should I think of to earn fast.
2. What should I think to reach my future.
3.where I am today what I can't yo become future.
"IF YOU WANT TO BE RICH, YOU NEED TO KNOW THE DIFFERENCES BETWEEN GOOD DEBT AND BAD DEBT, GOOD EXPENSES BAD EXPENSES, GOOD INCOME AND BAD INCOME, AND GOOD LIABILITIES AND BAD LIABILITIES." - Robert Kiyosaki
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2020 
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