Happy Monday!
This week’s book is
This book brings invaluable advice in how to set us up for financial freedom. Here’s my top 10 takeaways:
1. Economy
People can really shape their lives from their thoughts.
Instead of telling yourself that you can't, ask yourself 'What do I have to do to give myself that luxury?'
2. Mindset
There is a big difference between being poor and being bankrupt. Bankruptcy is temporary, poverty is eternal.
One is mental, the other one is circumstantial.
3. Need
History proves that great civilizations end when the distance between having and not having is too great.
We memorize dates and names, but we don't learn the lesson.
4. Financial Aptitude
What you do with money as soon as you receive it, how you prevent others from taking it from you, knowing how to keep it for longer and how to make it work for you.
People with secure jobs but no financial skills are destined to live in slavery forever.
5. Assets
Focus your efforts on acquiring income-generating assets.
The more assets grow, the more cash flow increases.
6. Luxuries
The rich buy luxuries last.
A true luxury should be a reward for investing in an asset and developing it.
7. Luck
The most promising business opportunities are never offered to newbies.
The more prepared you are, the more opportunities you will have.
8. Opportunities
Great opportunities are not seen with the eyes but with the mind.
You must see with your mind what others do not see with their eyes.
9. Sales
Selling and trading is difficult for most people because of the fear of rejection. But the better you know how to communicate, negotiate, and manage your fear, the simpler your life will be.
It all comes down to sales.
10. Losing
People are so afraid of losing that they lose before playing anyway. Winning is not being afraid of losing.
Losing inspires winners. And the losers, he defeats them.
These were my top 10 takeaways on Rich Dad, Poor Dad. What do you think?
Let’s follow the conversation on Twitter.
“Our future is created by what we do today, not tomorrow.”
— Robert Kiyosaki
Until Friday,
Andres Marin