10 Priceless Lessons from Robert Kiyosaki

byJerryHuang

23K followers

Updated 6 years ago

I've recently attended Robert Kiyosaki's 2-Day Business and Investors Summit at Singapore Expo and I learnt a ton of valuable things which I really want to share with you.

In case you don't know who is Robert Kiyosaki, he is the best-selling author of the book called Rich Dad Poor Dad, the No.1 personal finance book in the world.

Among all the lessons and advice I learnt, I've compiled the top 10 takeaways to share with you.

#1 The Rich Don't Work For Money

Many people today are stuck from paycheck to paycheck because they are working for money. However, I believe many of you are in this Wealthy Affiliate Community because you want to or have already gotten out of this cruel rat race some way or another.

I just want to share that the Rich work to accumulate assets which will bring in cashflow, also known as passive income for them.

For us internet marketers, our websites are our online assets because they'll bring us passive income consistently.

#2 Choose Your Teachers Wisely

Many school teachers are "fake" teachers according to Robert Kiyosaki because they don't do the actual things themselves in the real world. What they do is to get paid by the government and help you pass your school exams.

If you want to succeed or make real money in the real world, you need to learn from the real experts in the field. Just like how we are learning from Kyle & Carson and many other online marketing experts in this Wealthy Affiliate University!

These people do the real things in life and make real money. I doubt you will be able to make real money by learning from professors in the school of business who have not done any business in the real life before. What most people end up with is to be employed by others and get a paycheck.

#3 Don't Follow Traditional Education If You Want To Be Rich

Like many successful people around the world are saying, traditional education is dead. Because what they teach is to firstly, help you pass exams and secondly, help you get a job.

Schools train you to become more specialized in a certain area. Some people will then monetize that skill by exchanging time for money, i.e. being an employee working for others. But for most people, what they do in the future are not even related to what they learnt in school, right? Are you one of them?

Robert Kiyosaki kept emphasizing that the most important education is "Financial Education". Because banks don't see your report card from school when you're in the real world. They want to see your Financial Statement! They want to know how financially intelligent you are.

But the sad thing is that schools never teach you about money and financial education.

For me, I'll recommend you to start reading the following 3 books if you've not read before:

• Rich Dad Poor Dad
  
• Rich Dad's Cashflow Quadrant
• Secrets of The Millionaire Mind

These are the 3 most important books I recommend for you to start your own financial education.

#4 Stop Saving Money

Since young, many of us has been taught to be frugal and save money. However, money is actually a debt. The more you save, the more you lose.

The reason is that governments around the world are constantly printing money. The more they print, the less valuable your money is, which means your purchasing power are decreasing over time.

The Rich get richer by investing in assets. What you're paying to run your online business is a good investment in your own asset.

If you want to save, save Gold, Silver or commodities that won't devalue over time. You can invest in Crystocurrencies like BitCoin as well.

#5 Debt & Taxes Will Make You Rich

These two terms are what most people are afraid of but the Rich love them because that's one of the ways they become richer.

The Rich utilize debt to create more assets and more cashflow for them. On the other hand, they use strategies to pay lesser taxes when they are earning more. This is not tax evasion because they do it legally.

It takes one's financial IQ/education to do all these.

#6 A Coin Has 3 Sides

A coin has head, tail and the edge.

What this represents is that in the real world, their are two extreme kinds of mindset, the rich and the poor. The rich are rich because they have the rich mindset. The poor are poor because they have the poor mindset. Simple as that.

So, the best way for you is to learn the rich mindset and be able to stand on the edge to look at both sides. What it takes is mainly a shift in paradigm/mindset.

#7 Success is by Design

To most people, it looks like a lot of people's success are magic. There are some sort of secret formula or they are just lucky.

However, if you study people's success closely, you'll find out that nearly none of them are magical overnight success. In fact, they worked their way out and DESIGNED their own success and lifestyle.

So if you are truly desired for success and desire to accomplish your goals, make plans, take massive actions and DESIGN it yourself!

Make your own yearly, monthly, weekly and daily plans. List down the things you need to learn and find a main focus.

#8 Start Small, Dream Big

Don't limit yourself by your poor and restricted mindset. Be courageous and confident in yourself. You can't achieve things that you can't even dream of and visualize.

So, put "security" aside and go pursue your "freedom". But remember, start small, one step at a time.

In this online world, infinity is the limit. The potential of the Internet today is just massive. And people around the world are spending money online in the way that you couldn't believe.

You know what... there are people spending fifty bucks just to purchase a fidget spinner. Most of us know that's crazy but money is really everywhere.

You should aim as high as you can and trust yourself.

#9 Embrace Failure

I know you've probably heard this kind of advice many many times but are you really doing it in real life?

It is easier to say than do because we've grown up in the kind of society where we were taught "mistakes" are bad. That shapes how we feel about and react to mistakes and failures since young.

Really take this advice to heart so that you can benefit and grow from it next time.

You know what... most people fail online because they can't embrace failure and learn from it. Most Internet Marketing losers are those who quit too early.

#10 Be The Boss of Your Emotions

Temper is what caused many to make stupid decisions every time. If you want to be truly successful, you need to learn to control and manage your own emotions.

Conclusion

The main difference between the rich and the poor is not their skills, their backgrounds, their families or even their education/qualification levels. It's MINDSET!

We can all be rich by having the right mindset, provided that we put in the necessary efforts and actions to make things happen.

The 2 things that you should always invest in is Yourself (personal development) and your Assets. For Internet Marketers like us, our main assets are our websites, our email lists, our funnel/system, etc...

I wish you great success! Believe in yourself!

Jerry :)