Chapter 1
Where are we headed. ( we are headed for Financial freedom )
Why don't you get a job. In 1985, we were Homeless.
Our friend offered their room
We lived their for 9 months.
Our homelessness
We kept our situation quiet.
Idea of safe and secure job was appealing,
We fight with the person who loves us the most,
We knew where we are going
It takes money to make money ..i completely disagree with that.
It doesn't take money to make money,
Money supports Life ...
Chapter 2
Apprentice..on job training.
Be an apprentice to your upline in B quadrant Business.
If u want to migrate to B business, First Find a Mentor.
Do not find an advisor, Find a mentor
Advisor is a person who hasn't done it.
Most advisors are from S quadrant...The world is filled with advisors,
My Rich dad was a mentor not an advisor.
Leadership is bringing the best among people.
If u work hard on the left side, u work for ever.if you work hard on your right side, u work for freedom..
17th June Chapter 3
A journey from one job to another and another.
Many people start the business to become their own Boss. Hire employees and Fire employees,
Success is a poor teacher.
Lack of capital or Lack of experience, virtual prisoners, Taxes and interest on debts, Bigger house bigger tax breaks, Taxes are unfair, America was founded , taxes without representation,
Story of William Tel, story of tax, some income are less taxed, and some are more taxed, Get rich quickly, B & I , we can get freedom. Beyond job security, difference between job security and financial freedom, knowledge is power,
You have to become a good B first before becoming an investors, B will support u to become a good and successful investor,
Becoming Educated of B and I quadrant. Having knowledge of only Left quadrant, Average American millionaire is Self employed, 2 is better than 1, Money alone does not bring security, if the money disappears and u dont have the job, than what can happen,
In B quadrant people are working for you, and I quadrant money is working with you.
If u are poor in handling money, all the money will disappear, and if u can budget your money in a better way, u can have a great future, what do they do in spare time,
the rich dad said u can find out what the average people and rich people do in their spare time,
what u do with the paycheck and what u do in the spare time,
will give u more free time and more financial time, support your ups and down in I quadrant, Lost many times before they win, It is easier to be successful in B quadrant because of technology,
It is not always to take money to make money,
More and more people want financial success as B's.
Chapter 4
You can develop your own business system, or you can buy a franchisee system or you can be part of an existing system. Success is a poor teacher, Failure is a good teacher, Building the company from the scratch, How to learn from B's, Find a mentor, a person who has done it before he guide, dont find a advisor, advisor only advises , lot of trial & error before u create a system, u are trying to develop ur people, Fights between Franchisee and Franchisor, the business goes down.
Bank don't loan money to a person without a system, Aeroplane is a system of systems, fuel system, human body is a system,
NWM system develop a person as a better human beings, not a sales person, Find out the person who are on the right side, make them their mentor, experience is priceless, we have already acquire the system , our only job is to develop the people,
Chapter 5
Five level of investing, investing is the key to financial freedom, boundaries of their life is ok defined by their paycheck, Learning to invest, Game of monopoly is the Game of Cashflow, amaetur parks their money, investing for capitail gain, or investing for cashflow, amaetur lose their money in stock market, but few people make millions in stock market, stock market crashed, their investment crashed, money can be created at the speed of the light, savers are the bigger losers, Register urself, qreal life skills, how to raise a capital from people, real life education has begun, not to ride a corporate ladder, my bisiness education set me free, not the school education, true investor do good in both the condition when the stock is going up or going down, painless process, saving is a strategy who do not want to learn any thing, a person can lose money in selling Gold if u sell at the wrong price, stocks, bonds, mutual funds , insurance, if u lose here, u do not learn anything, mistakes are the opportunity to learn and grow, the world has no borders, u must give more to receive more, B quadrant people are generous, people in S quadrant are selfish,
Chapter 6
How much money are u losing a month, about 100 dollar every month,
Money is seen clearly with your mind not by your eyes.
Losing money is a good deal unless you learn from your mistakes.
Wisdom is making mistakes and learning from it.
Many people invests to become rich quickly. They become hustlers, gamblers and a crook.
Problem is money isn't visible,
Most people learn
(ROI) It is not Return on investment, it is return on your information, more information is more return,
Recognising them not pretending them, Moving from left side to the right side without risk, Homeless to millionaire, how is it possible, A winning deal, Blind leading the blind, mentally blind to money, train ur brain to see the money,
Each quadrant is different country, different words, different numbers, my stock PE is ..., if the money is not in your head, it will not stick in your hand, Bad advice is risky, More bad advice is handed from your home, your advice can only be as smart as you, your banker says your house is your assets, whose assets, Bankers assets, money that goes from your pocket is liability, mortagage is your definite liability,
The name of the game is capitalism, world takes away from the weak and from uninformed,
Play the game or the game will be played on you, making money is a common sense, not a rocket science,
People do not have common sense when it comes to money, Understand the game of money, most of the people spends their life working on the opinions of the people,
Money is an idea which is clearly seen by your mind and not by your eyes.
Chapter 7
Money is an idea, it can be read by the mind, then our eyes can see that money. Money is a drug, people are 9 to 6 at work for money, Obsessed mind or Average mind, Never work for money, work for building your assets, why it is difficult to change the pattern, because money , drowning person struggling for water, You will build the business or go for looking for job, Passion builds businesses not Fears, passion is a combinations of love & hate, Winston Chirchill said, i am always ready to learn, My passion was driving me, Build your system around your passion, we are person who creates job not look for job, security is a myth, Be more bold to face the new world, hire more people, live below your means, or living above our means, Left side is more riskier, numbers allow u to see ur business, u cannot blind follow the opinion of other people, Number reduces the risk,
Chapter 8
This business will provide you more money than u can spend, if u want to become rich, think independently, Dont work on other person, work on yourself, Do yourself mentality, they hate making mistake, dentist to be perfectionist, attorney to be perfectionist, we all pay them for being perfectionist, the fear of losing money, to much personal control, fear make u prison, four green houses trading with one red hotel, emotional thinking over rational thinking, screamed and ran out of room, money is an emotional subject, emotion of greed and fear, emotional thought sound logical, blood is definately thicker than water, I hate the feeling of being rejected, contemplating crossing, going from finacial security to financial freedom is a journey of changing thought, We agree financial freedom makes more sense than financial security,
18th june
Differences between E and B, The struggle between the educated and the Rich, more than a mental change, change in a core thinking, emotion based thought becomes our reality, words do become our reality, making and losing the money is a emotional subject, putting in self doubt, when i take Risk , i would make mistake, when i make mistake , i learn and i grow, emotional mindset of job security and emotional mindset of financial freedom, person who is on other side can better help you, fear of being losers, Wisdom of Risk, & Risk management, it is more emotional than technical, people in the left , play it safe is a logical and emotional thought too. Winning and Losing is a part of game. Commotional thought, argument occur when we differ in our emotional thought, To me it is priceless.
Chapter 9
Be the Bank not the Banker, Govt take money from one person and give it to other, Govt take money from the left quadrant and give it to the right quadrant, emotional thought blinded them, Learning the skills of E & I. History repeats itself, Economy change but History repeats itself, There is Emotional scars but the wound will heal, powerful family control bulk of the wealth, Hero becomes villain, Buffet sells stock crash, Buffet buys everybody buys, Large global game, but nobody told them they are the important players in the game, Modern capitalism, pual piltzer , Any tax benefit makes the investment more attractive, The real estate gives us an opportunity to become a bank, House for sale,
Creating money through nothing, just by becoming a bank, To make the long story short, overcoming limited thinking, Every year more laws are created, repelled or reformed, ...When laws change, ensure it works for your better economic future, market fluctuation, shrinks, capital gains comes by selling our stocks, Medicare will be bankrupt and appeal for more govt support and subsidy, History is a guide, Longer view from where we have come and where are we going, Trapped by industrial age idea of securing a job, Left side of the quadrant, u will find lot of discrimination, Towards right quadrant, u feel welcomed and asked to share ur experience, Money is an idea and invisible, favourable to rich people,
19th Jun
Laws are favourable to rich people, corporation is formed for legal protection, employee of my own corporation,
Rich use Loss to their advantage which poor cannot, this is the fundamental difference, Obeying the law making lots of money Legally, Your Legal advisor work as a warning system , for the upcoming changes in the Law, when Law change, wealth changes enhance, There are two choices in the free society, choice of security or choice of freedom, if you choose security you will punished with excessive taxes and huge interest payment, if u choose freedom, u need to learn the whole game and play wisely, its your choice to choose which quadrant, you want to play the game, developing the mindset of the quadrant, you must know, which quadrant currently you are in and which quadrant you want to be, Now this is the way u can cross the quadrant from the left side to the right side, Build businesses and buy real estates, Govt of USA first got pay roll deductions, govt got paid before people get paid, Anyone who is in E and S has little escape from the govt. Lower wages in America pays more taxes to the govt. Than the rich and the middle class, Amendent in law made difficult for all the professional like Doctors, lawyers, Engineers, architect difficult to shelter their income than B & I quadrant, Self employment tax is double than what paid by the employees,
20 june
Chapter 10
Take baby steps. Learn to walk before u run.A journey of 1000 miles begin with a baby steps, Fear and self doubt keep them trapped in their quadrant, consistent action will keep u moving the right side of the quadrant, Unfortunately, our school also says, don't do mistake, obviously in real life we get paralysed, with the fear of making mistakes, The way we learn in our life is by making mistake, people who fear making mistakes may be emotionally smart but physically and mentally handicapped, Study between rich and poor people all over the world, using the power of compounding in their favour, Financial success is possible only by holding to your dream and vision,
21 june
Moving from the Left hand side to the right hand side of the business, In industrial age , u don't have to think about tomorrow, company has a plan for your tomorrow. Long term Liabilities, Grow protection from, taxes, B quadrant is just like learning a new Language, a foreign language,
Chapter 14
Being uneducated is risky, Being uninformed is risky, Rely on so called Investor, practice what u preach,
22 june
Preach what u teach, Find ur fast track, B first before u Come to I, Play cash flow,
Chapter 15
Mentors say what is important and what is not important, My Rich dad focussed me to passive income, Excellent Role models, Love of money is the root cause of all evils, Becoming a slave to money is evil, E quadrant, poor role model to their children, investment clubs, Be careful whom u take advise, climbing mountains, Hard to find mentors of B quadrants, Easy to find mentors of E and S quadrants, whom u spend time with is ur future, You are looking at your future, see your other social groups, i wanted to change my future, i have to change my thought, i have to change my association, Mixed review about Amway business, I was the person who had to change, i was pressurising other to change, Are u surrounded by like minded people,
Chapter 16
My shyness was painful, people love to blame, priceless lessons, coverting our disappointments into an assets, most people change their disappointments to liability, i will not do it again, Disappointment is a important part of Learning, ready for surprises, great new business ideas, good idea didnt work, disappointments is feeding them, success may take time. Have a mentors standing by, Emotions going out of control, 3 ways to control, you will never have all the answers, dont punish yourself for the personal disappointments,
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