EDUCATION IS A KEY TO CHANGE THE WORLD.: June 2023

Introduction

To become wealthy one should focus on accumulating assets, and minimizing Liabilities.

Work to learn not to Earn. Robet T kiyosaki suggests that instead of working money, people should focus on Learning New skills, and gaining Experiences. These skills than can be used to create Wealth.

I have two fathers, A Rich Father and a Poor Father.

One was highly educated and intelligent.

The other father never finished 8th grade.

One always struggled financially.

The other became one of the richest man in Hawaii ( US )

One died leaving behind ten millions of dollars for his family.

The other father or the Poor Father left bills to be paid to his family.

What type of father or mother u want to become to your children or your family.

What the rich teach their children that middle and poor class doesn't.

Get a good education and get a good job..suggests my Poor father.

Contrasting point of views, one of Rich dad and other of poor dad :

Poor Dad said ...

1. Root of all evils is money or the money is the root cause of all evils.

Rich Dad said ...

2. Lack of money is the root cause of all evils..

Lack of money is the root cause of all evils.

Most of us learn about money from our parents.

Sadly, money is not taught in schools,

School focus on scholastic and professional skills, but not on financial skills.

My prophecy ( My Future ) became my reality.

When u work as an entrepreneur u are exercising your mind daily with Dreams & Goals , the most powerful computer of the world.

Your mind is the most powerful computer of the world.

When we visualise our future, We are feeding our computer in the right directions . We are programming our Future.

My brain gets stronger everyday because I exercise it daily with Dreams & Goals, ...

Dreams and goals strengthen your mind each day and enhances your beliefs and conviction and gradually you move closer to your Dream Life.

I verbalize my Future, I visualise my future.

The stronger my mind gets, the more money I can make. Handling objections and Handling rejections and taking positive message from challenges makes u a true Leader.

Proper physical exercise increases our chance for great health and proper mental exercise increases our chances for great wealth.

Poor Dad believed, Our home is our largest investment and our greatest assets.

Rich Dad believed, My house is a liability, and if your house is your largest investment, you're in trouble.

Rich Dad said, I don't work for money.

Money works for me. Our investments works for us.

We will make money from B and I quadrants.

We have two important resources :

First There is time and

Second there is money.

We invest our time in Business quadrant and we invest our money in Investment quadrant.

Time works for me in Business quadrant and Money works for me in Investment quadrant.

We work for money in E quadrant and S quadrant

Money is one form of power. But what is more powerful is the financial education.

Chapter 1

Passion ( उत्साह ) to learn more about Money...Fear is the primary emotions when money is discussed...

It is Fear that keeps most people working at job,

It is Fear of not paying their bills,

It is fears of being fired from the job,

It is fear of not having enough money, that's the mindset of mediocrity or the middle class person.

Remember when we think about Taxes, Govt always takes it's share first, you are taxed when u earn,

u are taxed when u spend,

u are taxed when u Save ,

u are taxed when u die ...

why do people allow govt to do that .... The Rich don't,

Kiyosaki said, saving money alone is not enough to prepare for retirement. He believes good debt , or money borrowed to build wealth, can help people get rich. This could include loans taken out to buy real estate, rental properties, or profitable businesses.

Most people became slave to money, Learning to make money work for you, Is completely different course of study .

There are two emotions : Fear and Greed.

Feel the fear for not having money.

Money conquers the fear.

Avoid that trap. Money is running our life.

It is desire not greed.

Money can eliminate the fear of losing the money,

We feel like a winner, if we make or create money work in our life as a money machine.

Money machine is a concept of building your B ( Business ) & I ( Investment) quadrant business.

Build your business team and develop their productive habits of setting their goals, creating duplication in their team and building their Passive income, you will gradually move towards your financial goal of Creating Financial Freedom.

And the next step is to Invest your money in different portfolios in I quadrant to make your money your passive income.

Unfortunately for many people, school / colleges as their end of their learning journey but in fact it is the beginning of our learning journey.

Learning process is a journey all through our life.

Day in and Day out, successful people in all the four quadrants keep learning. They treat themselves as a student.

Keep Believing, you are a student Life long, even if u are financially well off.

The day you stop learning, you stop growing.

Learning the facts how money works for you, Is a lifetime study.

Money problem in the society is lack of financial education.

If you say i know everything You will stay whereever you are today in the future . Your attitude will block your growth. Your attitude becomes your biggest enemy.

Never give up. Be open to new learnings.

Keep learning new things. Learning process is a journey

The world has lot to teach you.

Chapter 2

Why teach financial Liabilities..

How much money u make, how much money you keep...

Our assets are just like growing a tree..it's growing on its own. It's just like tree.

An asset puts money in my pocket.

A liability takes money out of my pocket.

Our assets are large enough to grow by themselves.

It's just like planting a tree.

You water it for years, and then one day it doesn't need u any more.

It roots are implanted deep enough , than the tree provides shades and gives u relief and protection.

If people are prepared to be flexible, keep an open mind and learn , they will grow richer and richer despite tough changes.

Financial intelligence solves problems and produces money. Money without financial intelligence is soon gone.

Most people fail to realize that in life.

It's not how much money you make. It's how much money you keep.

We have heard stories of lottery winners who are poor, then suddenly rich, and then poor again.

Or stories of professional atheletes who at the age of 24 are earning millions , but are sleeping under a bridge 10 years later.

For becoming a millionaire, it's not important how much money you make, it's how much money u keep and how many generations u keep it.

Business quadrant is the most important quadrant, because people can DREAM and Change and build themselves with so many personal and business skills.

BUSINESS QUADRANT is the base of I quadrant.

It is said Fear of public speaking is a fear greater than Death for most people.

A person can be highly educated, professionally successful, and financially illiterate.

An intelligent people hires people who are more intelligent than he is.

Why the Rich Get Richer ?

The assets column generates more than enough income to cover expenses, with the balance reinvested into the asset column.

The asset column continues to grow and therefore the income it produces grows with time.

The result is that rich get richer.

The rich are rich because they are more literate in different areas than people who struggle financially.

Cash flow tells the story of how a person handles money.

Wealth is a person's ability to survive if a person stopped working today, how long could he survive.

Financial Boom and bust in the coming years, if u want to be rich, u have to be financially literate,

Every body has living expenses,

What u do with the money once you make it, How u make your money work hard for you,

if u have the idea of spending all the money u have with u , u are going to be a big loser.

A person who spends all his earnings is financially illiterate.

How much money u make and how much money you keep ?

Money without financial intelligence is money soon gone.

If u want to be rich, you need to be financial literate.

Important rule to know the difference between an assets and Liabilities.

Cash flow tells the story of how a person handles money.

Money is safer when it is Diversified, only source of income is your paycheck, the difference between your assets and Liabilities, assets column will go so deep that it will give you financial freedom.

Concentrate on your efforts to

Invest make their company rich not themselves,

Why the rich gets richer, the assets columns produces income more than your expenses, hence rich is getting richer, loaded with debts and taxed , path of becoming rich, constantly keep investing in assets column,

You work for the govt, govt takes before u receive ur income, my definition of wealth, how long can I survive, what is my wealth, how long can I survive.

I have income generated from my assets, I am no more dependent on my wages, excess cash flow from my assets, the more my assets grows more cash flow grows, on other hand middle class buy Liabilities and they think they bought assets.

I have a cashflow half a month, cashflow by your assets makes u wealthy, I have cashflow fully covered by my assets, if I wish to increase my expenses I have to first increase my cashflow through my assets, I no longer depends on my wages, Assets column made me independent, poors have only expenses,

Chapter 3

The rich focus on their assets column while others focus on their income statement,

Financial struggle is the result of people working all their lives for someone else.

Life is sometimes tough when you do not fit the standard profile. They wanted to know why I did not have a normal job with a salary.

Keep expenses low, reduce Liabilities and diligently build a base of solid assets.

The best thing about money is that it works 24vhours a day and can work for generations.

Keep your day job, be a great hardworking employee, and keep building that asset column.

As your cash flow grows, you can indulge in some luxuries. An important distinction is thar Rich people buy luxuries last.

In contrast the poor or middle class often buy luxury item first. The poor and the middle class often buy luxury item like big houses, diamonds, furs, jewelry, or boats because they want to look Rich.

They look rich but in reality they just get deeper in debts on credit.

The real rich people build their assets columns first. Then the income generated through the assets column buy their luxuries.

Remember, your ideas is your liabilities or your assets,

Chapter 4

Investing is the science where we learn money making money,

My money was working hard to create more money,

You are taxed on interest, find time to raise your financial intelligence,

Chapter 5

Today wealth is information,

How money is invented, created and protected, value climbing on your assets column, the more world changes, the more economy changes, more secure your family be, that is financial intelligence, four pillars of financial intelligence, my property provide cash flow and security for the future, it is not gambling if u are not knowing, I love real estate because it is slow and steady, great opportunities are not seen by our eyes but seen by our mind, sometimes u win and sometimes we learn, Human being are Designed to learn by making mistakes, they learn walking by falling down, if they don't fall, they don't learn, You see with the mind what other miss with their eyes, Raise money, raise capital, investing is not buying it's all about knowing, There is always risk, always learn to manage risk than to avoid it,

Chapter 6

Job security means everything to my educated Dad.

Learning meant everything to my Rich Dad.

Most people need only to learn and master one more skill and their income would jump exponentially.

Financial intelligence is a Synergy of accounting, investing, marketing and Law.

When I came out with my first book, if you want to be Rich and Happy, Don't go to school. ...a publisher suggestedI change the title to The Economics of Education.

Work to learn not to earn money, Learning meant everything to my Rich dad, I am pro education,

Communication skill such as writing, speaking, and negotiating are crucial to a life of success.

These are skills I work on constantly, attending courses or buying educational resources to expand my knowledge.

Money is an idea which is clearly seen by your mind not by your eyes.

Chapter 7

I have never met a rich who has never lost money,

Fear of losing money is much bigger than the joy of making money, but I have met a lot of poor people who have never lost a dime ( a single paisa) .

The fear of losing money is real. Every one has it. Even the rich . Having fear is not the problem, it's how u handle the fear.its how u handle losing.

It's how u handle the fear that makes the difference in one's life. The primary difference between a rich person and a poor person is how they manage the fear.

We all are heroes at something, and cowards at something else. Some people are terrified of snakes. Some people are Terrified of losing money . Both are phobias.

A person who starts investing at the age of 20 and at the age of 30. If u start young it is easier to be rich.

Nobody likes losing. Be a happy Losers.its your attitude towards Risk, Rewards and Failure.

The greatest reason for lack of financial successwas because most people played it too safe.

Pain of losing money is much more than Joy of making money.

Before I learned to ride a bike, I fell many times,

I have never met a person who has fallen in love before they had their heart broken,

And I have never met someone rich before they have lost their money.

Person who are Terrified of losing money will never get it,

Failure inspires winners. Failure defeats Losers.

In my own life I have noticed winning always follows Losing.

I have never met someone rich who has never lost money.

For most people, the reason they don't win financially is because the pain of losing money is far greater than the joy of being Rich.

Everyone wants to go to heaven but No one wants to die.

Rich Dad knew that Failure would only make him smarter and stronger. He would take a loss, and make it again.

It gave me the courage to cross the line when others backed out.

They took a great Failure and turned it into inspiration. Winners don't bury their Failures. They get inspired by them. Failures inspires leaders to become winners.

It is the formula for all winners.

Attitude of handling risk, they chose to die rather than accept defeat,

Failure will always make u stronger and smarter,

Turning failure into inspiration, formula for all winners,

I always try to turn every disaster into an opportunity.

Thomas Edison was not balanced. He was focused.

Bill Gates was not balanced , he was focused.

America is sleeping giant, soon became the world super power, they play not to lose,

they don't play to win, play it safe & balance, u should be first focussed not balance, balance people will go no where,

Put few eggs in many baskets, Building your assets column is a game, the sky is falling, tge sky is falling, there is a little chicken inside every body,

These words of doubt become so strong that we fail to act,

Sky falling has a noise,

Doubts and fears close our minds, They criticise rather than analyse, Great property manager,

Powerful investment vehicle, Close their mind , undervalued company , I bought 5000 shares,

War breaks out inside you, The lazy mind says rich people are greedy, How can I ...opens inside me possibilities, How I exit the rat race, We All desire a better life, ...greed is good, guilt is worse than greed, overcoming bad habits, our life is reflection of our habits,

Habits controlling Behaviour,

They were not lying ,but they were not telling the entire truth,

When I decided to exit the rat race, WITFM ..what is there for me, our life is the reflection of our habits than our education, Habits controlling Behaviour,

I pay myself first,

If u have any desire to be Rich, you must focus.Put a lot of your eggs in a few basket and FOCUS. Follow one course Until Successful.

But if you havevdreams of Freedom, Getting out of the rat race..The first question you would ask to yourself is, How do I respond to FAILURE ?

IF failure inspires u to win, go for it. If failure disturbs you, play it safe.

It takes guts, Patience, and great Attitude towards Failure. Losers avoid failing. And Failure turns Losers into Winners.

Rich Dad believed that the Words, I cant afford it, shut down your brain.

How can I afford it ? Open up possibilities, excitement and Dreams.

Don't carry a Lazy mind..open up possibilities.

Chapter 8

THE POWER OF CHOICE. we hold the power to choose our future.

We hold the power to choose our Future, to be rich, poor or middle class. Our spending habits reflects who we are.

The choice of what we do with our time, our money, and what we put in our heads. That is the power of choice.

Invest first in education.In reality , the only real asset you have is your mind, the most powerful tool we have dominion over.

Find a reason greater than Reality.

Your assets ..1.Time 2. Your Learning

Invest Your Time First in education, In reality , the only real assets you have is your mind.

We have a choice, what we put in our brain. You have a choice to Invest Your Time, you can watch TV or you can invest time on financial planning.

There is gold everywhere, but most of the people are not trained to see ⁰Getting started, we have been educated that the love of money is the root of all the evils,

This is the Dogma, They argue instead of asking questions,

Find the reason bigger than your reality, Poor people have poor spending habits,

First spent in your time in learning,

Arrogant people rarely listen to successful people. Their mind are closed.

They suffer from KNOW-ALL attitude. You have to identify such people and make decisions wisely.

Money is made on information, and that is financial intelligence, The power of learning quickly, You are what you eat, you become what u put in your head, when u study cooking, you tend to cook, if you dont want to become cooker, you have to study something else, one formula we learn in school, work for money, what is the recipe of making money, are u tired of that formula, keep your expenses low and keep building your assets, I let the govt. and creditors scream, First I invest my money on self and let the creditors yell , Kim and I have excellent credit, keep your expenses low, keep your assets building as your habit,

How fast you learn, this skill is priceless,

Chapter 9

Final thoughts

Creating Earned income into passive and portfolio income,

You cannot learn to ride a bicycle only by reading a book.

Converting Earned income into passive and portfolio income,

Teaches the principle of accounting and financial literacy.

Cashflow 101 and cashflow for kids, Advance technique, up market and down market, less afraid of losing money, Risk comes by not knowing what u are doing,

Value return for the price paid,

They teach what book cannot teach,

Mumbling about the price, How to acquire different income,

Rich do not work for money, they learned the skill how money works for them,

Take action, Every one has Two great gifts your time and your mind .

You and only you have the power to change your destiny,

Share this knowledge with your children. Wish u great wealth ,and much happiness with fabulous gift Life.

EDUCATION IS A KEY TO CHANGE THE WORLD.

Sunday, 25 June 2023

Business meeting Notes

Tuesday, 20 June 2023

ROBERT T KIYOSAKI ..Rich Dad poor Dad ( Financial Freedom Course )

Saturday, 17 June 2023

Disputes in Titus Team..Husband Wife

Manisha & Shailendra puri event & Amway Star Awards 2023

Saturday, 10 June 2023

Training dated 10 june