Rich vs poor mindset / an eye opening interview with Robert kiyosaki ( Do what The 99% Are Not doing )

Rich vs poor mindset / an eye opening interview with Robert kiyosaki ( Do what The 99% Are Not doing )

The foremost obsolete idea is attend school, get a job,work hard, economize , get out of debt and invest for the long-term within the stock exchange See, why would you economize when they're printing trillions of dollars? 

The gap between the half of and 99% is very large . You see it isn't just money, you've got to step back and check out the larger picture. 

So what does one do? In all folks there is a have-not , there's still a have-not inside me. 

There's also a middle-class person and therefore the middle-class person wants security they need that steady paycheck. and there is an upscale person and they are all inside of us except that... it isn't taught. 

It's- you're taught to travel to high school ,get employment and obtain a paycheck. Not taught the way to get rich. If you've read Rich Dad Poor Dad,my rich dad refused to pay me. He said the paycheck was one among the foremost damaging things you'll absorb your life. He says the instant you takea paycheck you're an employee and that is the mindset.

 

So my rich dad never paid me. It drove my poor dad, you know,a government employee nuts. "You need to pay people,you got to pay people" And rich dad wasn't saying that the paycheck was bad, he says he didn't want to be a slave to money. 

So as an entrepreneur, you know, if rich dad folded I just try another company. i do not need a paycheck.

I do not need anybody to require care of me. If my government doesn't like meI move to a different country because they have entrepreneurs there. 

Therefore the entrepreneur is not such a lot the business, the entrepreneur is really the mindset and therefore the brefore the skill sets and the different set of rules.

 You see, i do not operate small business doesn't not operate inthe same rules as business . Entrepreneur may be a mindset first, a skill set and rules. 

And depending upon whether you're an employee or small business the principles are different, the mindsets are different,the skill sets are different.

If you'll say one thing to somebody whose never been an entrepreneur and they are thinking about making the leap of religion into becoming an entrepreneur, what could you tell them? 

Well, I'll just tell them the same thing that happened to me. You know, my last paycheck,I still commit it to memory clearly it had been one among the worst and the simplest days of my life and that i was in Puerto Rico,

I was in, i used to be working for Xerox and my boss gave me my last,it wasn't a paycheck it had been a bonus check i feel it had been about 30,000 bucks taxable, that is the only problem thereupon . So i buy this check and I went, 

"Holly mackerel." You know, I mean, so i used to be excited but i used to be also disturbed. then this other guy comes upto me, his name was John and John says to me says to me this, "you're getting to be back

"I said "Why?" he says, "because you are going to fail." I checked out him and that i said, "look... few expletive words Because that is what he did,he left Xerox, failed and he came back. I said, "look... 

You fail and you came back but I'm getting to fail and I'm never returning ." and that is the attitude. - does one know what I mean,- yeah If you say, 

"Well, if I faiI I'll return to mom my and daddy" then that is what you'll do. So if you fail, that's once I beca mean entrepreneur because I had no money.

 I dad no money for years Yeah, I did not have a paycheck But that is what my rich dad encouraged me to try to to . 

He says when,when you do not have this paycheck you get hungrier, smarter and it is a test of your character will you become a crook?Will you become dishonest? Will you cheat and steal? 

Or will you become a far better human being? So really that is the benefit of becoming an entrepreneur you actually determine who you're once you do not have anything.

 So you usually have to check out the large picture. Too many of us check out , "well,what's, what is going on to happen to me?" 

once you check out the large picture,you're also getting to know that when something bad happens something good goes to happen. 

But you gotta prepare for whatever is coming If you think that subsequent 20 years will be just like the last 20 years you are going to urge creamed. You know, when you and i'm going to the supermarket and that we buy a carton of milk We always check for the expiration date.

 But most of the people don't check for the expiration date on their brains rather than getting out of debt i buy into debt.

 I just refinanced 300 million in debt I went from 5% to 2.5% interest I made a fortune. monthly extra money comes in because my cost of cash has gone down. 

So while some financial expert sare saying get out of debt, I'm saying find out how to use debt.

See once I came back from serving in Vietnam in January of 73 and therefore the very first thing my rich dad said to me was, "Go to high school to find out how to invest in land ." It wasn't land , it was how to use debt and taxes debt and taxes make the rich richer. 

Debt and taxes make the poor and bourgeoisie poorer. So all the rich guys who are doctors and lawyers or... you know, those guys,they're getting creamed - and that they do not know why- doctors are becoming creamed? 

Oh, yeah, they're making more money but the take-home is a smaller amount you recognize , my doctor just yelled at me he's happy, he says, "Oh, guess what  I finally made 1,000,000 dollars." and that i said, "Yeah",this is just three weeks ago.

 Then I said, "Yeah,well what proportion you pay in tax?" He says, "$750,000 in taxes." So his net was about $400,000 That's great but once I make 1,000,000 bucks,I keep 1,000,000 bucks.

And therefore the reason is because I don't make it by working for money. See if you're employed for money your taxed. 

So that's why lesson number one in Rich Dad Poor Dad is that the rich don't work for money. What we do instead is we create businesses as entrepreneurs. We acquire land .

 I do not invest within the stock exchange  therefore the reason is because as entrepreneurs I even have more control over my income, what proportion I make and what proportion I pay in taxes.

And since I'm an entrepreneur as well as an investor in land I pay zero tax.

 So whenever I make let's saya million dollars as an entrepreneur I immediately invest it in land , andI have a 4 to 1 intensify . So I put 1,000,000 dollars in land ,I get four million from the bank.

That's why i really like banks. But the banks are screwing everybody else you recognize , terrible but it's good on behalf of me . i assumed you said once you print it's good for you but when you print it's bad for folks that work for money. 

Because once you print savers get creamed and other people who work for money get creamed. once they print debtors get rich. 

You see, debt and taxes make the rich richer and debt and taxes make the poor and bourgeoisie poorer. once we have obsolete ideas we get obsolete results. 

So what's happening for many people the thought of getting to school, getting employment , working hard,saving money, getting out of debt, buying your house because it's an asset and investing for an extended term. 

It's obsolete. the planet has changed,the world changed in 1971 when President Nixon took us off the gold standard and money became debt. What if we get obviate school then what would happen?

 

wouldn't it be better if we had no educational system at all?

No, I'm saying education was more important before, it's just obsolete. You know, there's Moore's law that... Moore's law which states information doubles every 18 months. In other words,everything is obsolete, 18 months. So, and this is often a recent phenomenon. 

So once you begin of faculty ,you're already obsolete, and that is why I'm the old guy, you know, I meet my friends, I visited Harvard. Yeah, I visited Harvard. I said, "Yeah, that was how long 50 years ago?" 

Today the banks are charging you interest to save lots of money. In other words,the banks don't need your money because they've printed an excessive amount of of it.

And that is why there's bubbles and stock sand bubbles in land and every one this. People are dumping the cash.

Because as I said in here,"Savers are losers and cash is trash" And yet people are,"Well, i would like a high-paying job."

Well, that's an obsolete idea. Get out of debt, it's an obsolete idea. you ought to find out how to urge into debt , How to you employ debt to urge rich And they'll never teach you about taxes. 

The rationale the half of is much up here and the 99% are going this manner is because once you print money two things happen inflation and taxes. It's crushing them. 

And any entrepreneur that thinks"I'm just getting to make money and begin a business the roses man. You known, that's not what  the real entrepreneurs do . 

Most entrepreneurs, there's 28 million small business owners in America 24 million are,are one person entrepreneurs. They're called non-employee entrepreneurs. 

In order that because, and that is what happens is when people don't really understand what an entrepreneur does. So most of the people are self-employed,but they are not really entrepreneurs.

 The self-employed pay the highest taxes of all and no-one tells them that. Yeah, it is also called the entrepreneurial spirit but what we're actually talking about was there is no such thing as a nasty economy. 

You recognize those externally, you and I,we all have an external economy. But we even have an indoor economy and therefore the will power is toc hange our internal economy. So for me,

I can see the great ,I can see the bad i do not really provides a damn. Because I'm getting to be rich anyway. 

But a have-not witha poor personal economy All they go to ascertain may be a bad economy. 

Because they do not know how to make money in any economy. And a middle-class person,they have a middle-class economy you recognize what they need isa nice house, a gentle paycheck and therefore the brefore the job and the car. then once you take their job away to them that's disaster.

Well since an entrepreneur doesn't have employment anyway, it's no big deal. So all I'm saying to people is what Bucky Fuller taught me. There's always two sides,you know what I mean, you recognize to use plural at minimum two. So if you think that the economy is bad,it's because your economy is bad. 

If you think that that steady,you know, employment is vital - then you will see an economy without jobs.- Your economy Your economy versus the external economy. 

Where you control VS where you cannot control I can control yes, it's called,it's called an indoor focus versus an external focus. therefore the real entrepreneur has an indoor focus but if they fall down they say, "Oh, this is often good because I'm getting to go up higher."

 

You know, the average person will subside and say "Oh, I'm getting to take some Prozac" Or, or the- or somebody has the mistakes,all the mistakes don't matter well Mistakes, 

Mistakes matter,it means you didn't know something. But a true entrepreneur whether they subside or they are going , they always can go up they will stand copy and go higher.

That regardless of what happens to them they got stronger and better and smarter and happier. But an individual with a weak internal mindset Is that they are so afraid of what happens, it generally happens. 

Like, you know, people that are afraid of losing their jobs they typically lose their jobs. - you recognize what I mean,- yeah, no doubt, so everything comes through you Yeah, therefore the entrepreneur first job is control inside here not outside there 

   

QUOTES :-

The famous “Rich Dad, Poor Dad” author has written a number of the world’s top financial books. He has shared the stage with a number of the world’s most influential entrepreneurs and has changed the way that we glance at acquiring wealth.

I was fortunate enough to take a seat front stage at Robert’s event in Australia and soak in the maximum amount inspiring information that my mind would allow me that day. i used to be blown away by the recommendation he would share and was moved to form a huge change within the way that I made money and INVEST.

I would like to share with you today; inspiring quotes by Robert Kiyosaki which will transform the way that you simply believe creating wealth in your life ...........

 

• It’s easier to stand on the sidelines, criticize, and say why you shouldn’t do something. The sidelines are crowded. Get in the game.” – Robert kiyosaki

• “The trouble with school is they give you the answer, then they give you the exam. That’s not life.” – Robert kiyosaki

• “Complaining about your current position in life is worthless. Have a spine and do something about it instead.” – Robert kiyosaki

• “The fear of being different prevents most people from seeking new ways to solve their problems.” – Robert kiyosaki

• “In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don’t make mistakes.” – Robert Kiyosak

• “It’s not what you say out of your mouth that determines your life,it’s what you whisper to yourself that has the most power!” – Robert Kiyosaki

• “It’s more important to grow your income than cut your expenses. It’s more important to grow your spirit that cut your dreams.” – Robert kiyosaki

• “The most successful people in life are the ones who ask questions. They’re always learning. They’re always growing. They’re always pushing.” – Robert Kiyosaki

• “Don’t be addicted to money. Work to learn. don’t work for money. Work for knowledge.” – Robert kiyosaki

BOOKS :-

......