Chapter 1
Introduction ...what do u want to be when u grow up, My Rich Dad and other was my friends Dad, 1) All four quadrants are necessary to maintain balance in the society, different quadrants different people, who u are at the core, ESBI,
Robert kiyosaki challenged the conventional wisdom, 2) Your house is not your assets, it does not generate income for you, The house which is there as a rental property for you is your assets,
why I want you to be rich, Power of financial education, 3) Cash flow Quadrant is Finding your path in life,
4) Just leave below your means,
They don't work for money, money works for them,
Chapter 2
5) People who take risk change the world,
This is the beginning of information age,
6) Skill of reading people is the skills to be successful in B & I quadrants,
7) Core values come from their soul, S quadrant words, i cant find people , i am looking for new president to look after my company, 8) Words are powerful tools, Leaders of people are master of words, Which words work on which kind of people,
9) In I quadrant your money is converted to wealth.
There is a difference between being Rich and being wealthy,
Focus on building our assets, whole of our assets is more than our liabilities, then we are our wealthy,
No of days u can survive without working for money, wealth is measured in time not money,
How long the money works for you, Buying car is building our liabilities column,
Very special Journey from ......
Financial struggle to financial security to Financial freedom,
Cancer of the wallet,
your money works hard so you don't have to work,
Focus their money to work to earn money,
Risk may be exciting to I quadrant but opposite to E quadrant,
Core Differences,
words u choose reflect the core values of different quadrant,
Uncertainty doesn't make u happy but certainty does,
Leadership is the ability to bring about the best in people,
Wealth is measured in time not with your income.
Suppose your savings is Rs 10 lakh, and your family monthly expenses is worth Rs 1 lakh, and no other person is making a monthly income, than your saving is worth 10 months, your wealth is 10 months, wealth is measured in time not in rupees,
I quadrant is the playground of the rich, you own a system and people work for you, I quadrant money gets converted into wealth, E you have a job, S you own a job, B people work for you, I money works for you, unlimited new ideas, it is in I quadrant money is converted to wealth, OPT OPM is the secret to wealth, OPT AND OPM are found in B and I quadrant, increasing the system and Hiring more people, people get frozen in 1 quadrant, why some people work less and earn more, financially more secure than others, B and I quadrant is not a set of rules, it is simply a guide to financial freedom, it guided us to financial struggle to financial security, and then to financial freedom, the difference between rich and being wealthy, growing without our physical effort, wealth is measured in time not in dollars, red line finances, max speed without blowing up, life expectancy get shortened, cancer of the wallet, I quadrant where money makes more money, retirement plan is not going to be free,
Long term impact on
Chapter 3
How to get free ? You need to go beyond job security. Job security means financial security,
Why people choose security over financial freedom,
They learn financial security than freedom, trap by debt, following the script of industrial, get a good education and get a job and it is done,
People always think about income not about assets, Debts, and taxes are the barrier , America govt 50% partnership, Average American millionaire is self employed,
Why so highly educated people not so successful in the real world. Why most of the school teachers are poor, the school teachers know little about money, Why I hate school but Love Learning, I became Entrepreneur in education,
Money alone does not bring security, still feels insecure...Why ? At the time of great economic change,
20 year of investing, money as a fire fighters, His portfolio is more than 3000 dollar per year not bad.
Your Boss job is not to make u rich,
Change means, your wealth is being transferred,
Change means wealth is being transferred,
Their finance is operating on Red line,
What u do in free time will determine your future, if u have to work hard on the left side, u have to work forever, if u have to work on the right side, undercurrent of resentment, what u do in the spare time, the game and rules are different in all the quadrants, The choice of paths, the quadrants in the right side gives u more security and more......, change means wealth is being transferred, your boss job is not make u rich, it is your job the moment u receive your paycheck , No amount of money can make u rich, if u dont budget your money wisely, if u budget your money wisely, u can earn great personal Fortune that is Freedom,
Good news, it is easy to be successful in B quadrant because of the technology,
Chapter 4
Three kind of business systems, it is the bridge to migrate it, each system has its own strengths and weaknesses,
His wealth skyrocketed, Where to learn from the B.
System is a bridge to Freedom, Experience is priceless, our confidence is not in what we have but what we can create with the system,
Company only trains u for the E quadrant,
How to develop into successful B, NWM is just like buying a personal franchise, to move towards thr right side of the quadrant, System is a bridge to freedom, experience was priceless, not in what we have but what we can create with our resources in hand, your only job is to develop your people, you can cross safely from your left hand side to the right side of the quadrant,
Chapter 5
Investing is risky, if u lack financial education,
Investing is the key to financial freedom, My poor dad said investing is risky, the true freedom is financial freedom,
Investing is the key to financial freedom,
My rich dad said being financially uneducated is risky, Investing is the key to financial freedom, Boundaries of their life is defined by the money, profession u learn to work for money, Preparing for I quadrant,
Four green houses and 1 red hotels , Rich dad played monopoly, my green houses will become 1 red hotels, learning to invest is Boundaries of our life is defined by our investing,
Keep learning and keep growing,
Savers are the biggest losers,
They have investment working for them,
My poor dad said investing is risky, my Rich dad said being financially uneducated is risky, Learning to invest is your ticket to financial freedom, the more money is working for you, the less you have to work for money,
ROI Return on information, the more information u have the more return u have on your information.
Freedom is power to choose,
Infinite investment means money for nothing.
I was learning to use other people money as my investment, A true capitalist must know this, I was educated and trained to think differently,
I am learning to think how to make money from nothing,
Trusted advisor, ponzy scheme is an investment scheme, true capitalist must know how to raise money and make lot of money, How to become a capitalist, To become a capitalist a person must know the skill of B and I quadrant, real life skills that gives us strength and professional skills of B and I quadrant,
Chapter 6
If u don't see money in your mind, it will not stick in your hand, use brain to see the money, it is financial literacy, all quadrants looks like 4 different countries, u will not understand the language, same word and same numbers, it is the start of financial literacy, it takes money to make money, My Rich dad said if your money don't stick in your head it will not be there in your hand, Any financial advice is better than no advice, Bad advice and good advice, most people don't come from financial healthy family, your advisors are smart as you are, safe and secure financial advise, Financially educated u can manage your money best, is your Banker lying to you,
Is your house an assets, Taxes and mortages are the derivatives , similar words different meaning, u must know the difference between assets and Liabilities and know the meaning of mortage, making money is common sense not a rocket science, money is an idea,
Chapter 7
Keep the flame in your heart alive, Passion builds businesses not fear, why I started this journey,
U can always quit , Why quit now,
Becoming Entrepreneur and investors,
Passion is a combination of Love & hate. I loved learning but hated school, He also despite the school system,
Build your system around your passion,
Be a part of Intensive trg program or leave
Passion builds businesses not Fear,
Becoming who u are, job security to financial freedom, past conditioning is , passion build businesses not fear, passion builds businesses not Fears, financially blind increases your numbers, left hand side they don't have to think about the numbers, Numbers becomes everything not words, numbers tells u the fact, Numbers reduce risks,
Chapter 8
I am overworked and underpaid, Different core values,
4 green houses one red hotels, increasing cash flow will be more than your expense, common sense is uncommon, home is an asset but actually it is a liability, Becoming a financial powerhouse, Thoughts, Beliefs, ideas of poor class, what they are at core being, the fear of losing money, terrified of losing money, 4 green houses 1 red hotel,
Freedom may be free but it has a price..Words are tools, if u want to lead people, u have to be master of words,
Which words work on which kinds of people,
Chapter 9
Experience is more important than money, countless of people will say you can't do this, Law is favourable to rich people,
Choice of security and choice of freedom, playing on right side of the quadrant, risky but highly rewarding,
Chapter 10
Reeducate yourself to think like a rich person, Think and look at the world of B and I quadrant, acquiring assets or working hard, Being undereducated is risky, being uninformed is risky, minding your business is not risky,
In industrial age, you don't have to take charge of tomorrow,
Anxiety return on Monday morning, Financial intelligence thinking like a Rich person, accumulation of .....,
Chapter 11
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Chapter 16
When people are Lame they love to blame,
Mentors are excellent Role model, money is the root of all evils, Temptation and financial Ignorance creates for all the wrongs, Financial slavery is evil
Chapter 4
Emotionally driven thought, Journey of financial security to financial freedom is the process of changing your thought, old thoughts starts screaming and new thoughts become your reality, I can't take risk, I have a family, I must have a secured job, it iakes money to make money, so I can't take risk, Core emotional value casts different point of view,
Conventional wisdom, house is not your asset, This book is dedicated to those who believe in paying the price for success.
Shrinking middle class in America,
Many skeptics have become believer. His message and teachings stood the test of time,
Finding your path is your goal in life, what is the purpose of your life, Life is the greatest gift of God,
Personal development course is a
non-traditional education, so many students who
do well in school
do not do well in real life, Traditional education is a
great environment of
A student, but not for me. Traditional education was
crushing my spirit, the fear of making mistake, the fear of failing, fear of not getting a job,
Traditional education is not a place for
students of B and I quadrant, Why so many
highly qualified people not successful in real life, Unawared of B and I quadrant
, This is the shortcoming of traditional education, Millions of people
leave school to get trapped in job, They know
something is missing in life, Many people are Trapped financially
just enough to survive, wanting to earn more but don't know what to do, These is an extreme example, When a person is trapped and unable to find the path, we have to teach them Cash flow game, very imp features People teach people, No need to go to school to learn the Cash flow game,
Change is not easy, changing quadrant is not easy, it was hard work mentally, High salary, job security, benefits, govt pension, my
family values made my
transition difficult, I had to
shut up their warning, concern, and criticism, about becoming an entrepreneur and investor, you are taking
too many risk, what
if you fail, The
rich people are greedy, why
money is so important to you, money
won't make u happy, just
leave below your means,
play it safe, don't
go for your dreams, I am going to become an Entrepreneur in B quadrant,
Why so many A students fail in the world of money, A students stuck in analysis and paralysis,
studying every detail, but
failing to do anything, this analysis paralysis is caused by our educational system, punishment for wrong decision,
A students are A student because they made the fewer mistakes, In the real world people who take action who make mistakes, and learn from those mistakes to win in the game of life, making mistake is human, but lying from mistake is a crime, forgery. When criticised about 1014 mistakes before creating the light bulb,
Thomas Edison said I did not fail 1014 times, I successfuly found out what did not work 1014 times, why so many do not succeed in their life is that they fail to fail enough times, Why so many people cling to job security because they lack emotional education, fears stop them, One of the best thing about Military school, marine corps are they spend lot of time developing young men & women emotionally and spiritually, mentally and physically, Although it is a tough education but complete education, I created the cash flow game because the game educates the whole person, it is a teaching tool, than reading or lecture, The game involves the mind, the emotions, the spirit ..., Finding the path is not easy task, but you have to find the path of happiness.I love what I do, but I can't wait for the money, I want to do my own things, The path is the goal. I am a teacher, it does not mean that I have to stay poor, This book is written for those who are ready to change for their personal growth,
C1 mega rich, darkest hour, deep knowledge, each has strength, each has weakness, core temperament, all qudrat maintain the stablilty of the community, financial rewards comes with habits
C2 financial direction, different technical skill required in each quadrant,
29 April
C5 investing is the key to financial freedom, The boundary of our life is defined by our money, u will never know true freedom unless u achieve financial freedom, Learning to invest is more important than Learning to a profession, Learning a profession is learning how to work for money, Learning to invest is how to make money work for you, the moment u have money working for u, u have the ticket for freedom, Nothing wrong to be a sales person, we all have something to sell, they park your money, true investors money is always moving, moving on to acquire more assets, Investing for cash flow, and investing for capital gains, money can be created at the speed of light, Today, savers are the bigger losers, success attracts money, True capitalist don't have money, they raise money, How to become capitalist, Rich dad suggested to become a capitalist, B & I quadrant makes u capitalist, Two dad with different attitude, My Rich dad believes in education, personal development course, different certification program on investing, but not the type of education in traditional school, My Rich dad never finished high school, Traditional school is for those who want to be successful in E and S type of quadrant, True capitalist must know how to make money from other people money, OPM , job to get experience not to climb corporate ladder, That was my Rich dad's training program to train me, saving is a strategy for a person who do not want to learn new things, few courses in investing, either in stocks or real estate, see if something interests u, in nothing interests u, keep saving, Mistakes are the opportunity to learn and grow, The world has no borders in the world of high speed technology, True capitalist are the person who keep learning and keep giving, they are generous people, they believe in , they must give more to receive more, its your choice, Freedom to live the life u want to live, I decided at the age of 26, I do not want to live a life below my means, I did not want to be the expert of S quadrant, I wanted to be a professional investor, Freedom to choose the quadrant, each quadrant has the pros and cons, In the world of money, u will always see a word ROI, return on investment, Processing information and producing results, Even if u are in E and S quadrant, your ticket to financial freedom is I quadrant, A journey from homeless to millionaire is here. Sharing our experience to financial freedom,
C6 Money is an idea which can not be seen, money is seen through your mind, not what your eyes sees, A piece of a real estate is a piece of real estate, people who trained their mind to see money, have tremendous power over people, B & I quadrant, 95% people see money through their mind and only 5% through their eyes, people take advice from the people who are mentally blind to money, if money does not stick to your mind, it will not stick to your hand, investing is just like flying, Some financial advice is better no no advice, most people follow the financial advice that is handed over from parent to child, Bad financial advice is risky, children learn by examples more than words, your advisors are as smart as you, safe and secure advice, if your are financially educated, no risk no gain, Assets put money in my pocket, liability takes out money away from pocket, In quadrant B & I, your house is not an asset, because it does not generate your cash flow, agragrian age came to an end, and industrial age came into picture, power is no longer based on Land and agriculture, they are not lying but they are not telling the entire truth, emotions overpower logic, Is your saving an assets, yes the good news is, your saving is an asset but your saving is a liability for the bank because they have to pay it back, u do not get a tax breaks for ur savings, but u get tax breaks for your home , Bank does not need your savings, the word fine is the feeling of insecurity, Govt give the tax break for losing the money, To most of u Money is a survival need, For Rich Dad money is a game, ESBI is my play field, soccer field, There are four team, which team will u pick, That is a mind set. People in the left feel somebody is taking the entire risk, this is the good idea, Making money is common sense not a rocket science, When it comes to make money, common sense is uncommon, I got emotional with greed and excitement, your profit is generated when u buy not when u sell, i was beginning to understand the game of money, Gold is an asset, it has stood the test of time. But if u buy gold worth 200 dollar and sold it for 100 dollar, in this transaction, gold is a liability. The actual asset is a person who makes the decision, RichDad was toying with my brain, when u treat an opinion as a fact, u will lose your money, most of us have been handed over a opinion from generations after generations, and we treat this as a fact, and think why we are struggling with money for the entire life, If u want to be on the right side of the quadrant, u must understand the difference between facts and opinion, most of the people are lazy or searching for short cuts, Why people struggle financially, people leave in debt the day they go to school and the day they die, The average American is three checks away from bankruptcy,
C7 Who u become in the process, of achieving your goal. Keep striving, u will become somebody, Achieving a goal is one thing, but what u become in the process of achieving your goal is the most important thing, the changes u go through, from job security to financial security. In the journey u have to go through internal change and what u become in the process, For some the process is easy, and for some it is impossible, Money is a drug, if u are addicted to money, if u don't have money u go violent and aggressive and destructive,
If u get money as an employee, u are addicted to acquire the money that way, If u are earning the money as an self employee, u are unable to detach and u are emotional that way, The journey from Left side to right side is the attachment we have and very difficult to break the habit, It is just like breaking the addiction, Creating our own system to acquiring the money, security of paycheck, B controls the system to generate its money, E to B journey , it is like a drowning person, or a starving person needs money to survive, it is the internal battle that makes it so hard, Who u are, and who u want to become, You will build the business or go back to search a job, Find ur passion, do u really want to move ahead, keep the flame alive, Passion builds businesses not fear, remember why u started the bussiness , keep the flame alive, I lost my dream, and allowed fear to fill my head as well as the heart, I had forgotten my passion, I felt either I have to go home and forget this journey or make things happen whatever it takes,
My fear dominated my mind, and my dream was put aside, I stood my dream and I decided to become an Entrepreneur and Investor, Passion is a combination of Love and hate, Winston Churchill once said, I am always ready to learn, You cannot teach a person, u can only help him find himself, his strength. I was groomed up to create a system and control the system, I loved the idea of educating the people for getting rich and wealthy. Who creates the system, a person who has passion, labour is becoming cheap, and technology is becoming better and innovative, downsizing became the common practice, the merging of two or three companies became the common phenomenon, Each downsizing, people at the top getting richer and richer and people at the bottom paid the price, job is a good idea for a short term not for a long term, Build your system round your passion, School days are over build the system round your heart, Every things gets spread through word of mouth, People take risk, and they fail and then they recover, this is how you give strength to your mind, Emotional intelligence is much more powerful than rational intelligence.
Quadrant crossing, you are crossing the border, be careful, your mistake can blow u up, old set of skills to new set of skills,
C9 Without proper mindset and attitude, u cannot make this economic change of the quadrant. Keep building, something big is going to happen, economic crisis has plunged, panic all over the society, transfer of wealth from left to right, set of rules are different,Limited thanking to expanding your horizon, build businesses and buy real estates, Every one financial situation are different,
C10 Information age ..cash flow from information, cash flow board game, Think like a rich man,
30 April
16 priceless lesson, financial Fast track or Rat race, convert Your disappointment into assets or it will become your liabilities.
Disappointment is a important mode of learning, Being ready for disappointment reflects your prepration and how ready u are. What I intent to accomplish, your knowledge is priceless, Mentor standing by you, how u process the disappointment ? Emotional maturity to learn new financial skills, Baby step, u learn to do mistakes, key is to take action,
(17) power of faith, may not be naturally gifted, trust u have everything u need for success, Thoughts are our reflections of our soul, money does not stay with people who does not trust themselves, words reflects your personal truth, All words are mirror about your insights, Personal truths are personal lies, limiting yourself, Living with people opinion and criticism, In the process we learned to trust ourselves, New world will open to you.
(18) Build your pipeline for financial security and financial freedom
Living within the means and keep it expanding your means, your boss job is to give u job, but it is your job to be free. It is not hard to do but it is commonsense, Growth is a team sports,
Chapter 8
Battles between thr Rich and the educated, root of the battle betwwen Rich and the educated, money and the free time, core emotional thinking,
Success in B and I quadrant , play safe don't lose money, He believed, words are powerful tools, success is found in the internal dialogue, what the person thinks and believe become real, words truly becomes reality, emotions do the thinking than the logic, winning and losing just is the part of the game, paralysed with fear, he will be back, he will not make anything, having less authority, think clearly, keep calm, emotional mindset of financial freedom, sometime quitting is the best move, they are afraid of losing, emotional driven thought, emotional thought blinds the person, that is priceless,
Chapter 9
Without attitude u cannot recognize yourself for great changes, Transfer of wealth, money is seen by our mind not by our eyes, emotional thought blinded them, best of time or worst of time, it was the best of time or the worst of time, worst of time but for others it was the best of time, ability to forget, history repeats itself, economy change but history repeats itself, Big game of money, Heroes become villains, be the bank not the banker.
Chapter 10
Chapter 11
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Chapter 16
Be prepared to be disappointment, you can turn ur disappointment into assets, in every disappointment lies a priceless gem of opportunity,
Few self made rich people, few turn their disappointments into an opportunity, only fools expect things to go their way,