10 Best Ideas | Rich Dad Poor Dad | Robert Kiyosaki | Book Summary

FREE 11 Questions to Upgrade Your Life: http://clarkkegley.com/freedownload Let's talk about getting rich. What do the rich teach their kids about money? Today’s book summary and book review: Rich Dad Poor Dad by Robert Kiyosaki. This book is one of the most successful finance books out there. Robert Kiyosaki's classic wealth income and money making off real estate book, Rich Dad Poor Dad is packed full of actionable ideas and take aways. You might also consider getting the full book or audiobook for this – it’s killer! Here are the best 10 ideas from “Rich Dad Poor Dad” by Robert T. Kiyosaki FULL BLOG POST: http://wp.me/p7GXUp-wV GET THE BOOK: http://amzn.to/2ap2EPd ★★★ BIG 10 IDEAS ★★★ (2:30) 1. MODELS FOR WEALTH The book focuses mostly on the education and financial learned from his rich dad. We all have models for wealth. Money / Beliefs are LEARNED growing up - most the time not consciously. Become conscious of our beliefs / models in order to change them. (4:20) 2. YOU’RE BROKE, NOT POOR “Being broke is temporary - being poor is eternal” -RK Even if you don't have money now, view yourself as broke, NOT poor. (5:20) 3. FINICAL FREEDOM “The poor and middle class work for money. The rich have money work for them.” We have two options in life: (7:50) 4. FINICAL IQ Schools teach how to work in a job. Not how to get rich. Finical IQ composed: ACCOUNTING: INVESTING: UNDERSTANDING MARKETS: LAW: (11:10) 5. E.B.S.I. EBSI: Employee / Business Owner / Self Employed / Investor Four possible paths for us (can be a mix of all.) (12:40) 6. ASSETS "Know what an asset is, acquire them and become rich.” For most people, their profession is their income. For rich people, their assets are their income. ASSETS ARE: Businesses, Stocks, Bonds, Mutual funds, Income-generating real estate, Royalties, Anything which appreciates in value over time (15:00) 7. LIABILITIES something which takes money out of your pocket. Learn to live off of 75% of your paycheck. “Grow your income not your lifestyle.” (16:10) 8. POWER OF COMPOUNDING Why the 1% get richer. (16:50) 9. PAY YOURSELF FIRST Pay yourself first. Before you pay your bills each month. Save 10%. MY TIP: If there's ice cream in freezer, it WILL get eaten. Separate bank account for this 10% money. Automatic withdrawal from paycheck. (19:00) 10. GETTING STARTED: TEN ACTION STEPS Be VERY clear here: NOT giving personal finical advice - not qualified for that. telling you what I am doing / what is recommended in this book. 1. Learn about investing before you invest. 2. Every dollar is plus one or minus one. 3. Learn to live on 75% of your paycheck. 4. Pay yourself first. 5. Choose friends careful. Who you hang around avg of top 5. 6. Always ask “How fast do I get my money back?” 7. MINT.COM 8. CHARLES SCHWAB INDEX 9. MONEY MASTER THE GAME (read this book) 10. TEACH IT! comment with insights down bellow. (19:50) YOUR FREE TOOLS! Your free tools: http://www.clarkdanger.com/download/ SOCIAL: Blog ► http://www.clarkkegley.com Twitter ► http://bit.ly/2h0TzO3 Facebook ► http://bit.ly/2fYn9lG Instagram ► http://bit.ly/2gFW0Cr Snapchat ► http://bit.ly/2gOyZ0p iTunes Podcast ► http://apple.co/2gMKcRz MY PRODUCTS & COURSES: The Ultimate Guide to Keeping A Journal ► http://www.mybestjournal.com YouTube Success Formula (Kindle) ► http://amzn.to/2j86PRU Gear & Resources I Recommend ► http://clarkkegley.com/resources/ WANT TO BE COACHED BY ME? Ready to take your business or YouTube channel to the next level? To apply for business coaching send me an email: clark@clarkkegley.com (serious applicants only) ✔ SOURCES ✔ Videos: [Investools] — “Investing Basics: The Power of Compounding” — https://www.youtube.com/watch?v=immQX0RKFY0 Music: Intro Song “Refute” and “The Back of Your Hands” by Nimino, follow here: https://soundcloud.com/niminomusic Song “Flood” and “Drift” by TREGS, follow here: https://soundcloud.com/tregsmusic Song by “Perth (Bon Iver Remix)” by Mi Ka, follow here : https://soundcloud.com/mikamusic-1 Song “The Back of Your Hands” by Nimino, follow here: https://soundcloud.com/niminomusic Song “Thinkin’ Back Pt. 2” by Derlee, follow here: https://soundcloud.com/derleemusic Song “Walking Home” by Nick Leng, follow here: https://soundcloud.com/nick-leng

Comments

1. THis book is SHIT; All of Kiyosakis books were written buy someone else and he tried to cheat her out of her royalties so she sued him for $10 million and won. The Learning Annex sued him for $24 million and won. The FTC fined him and won. His seminars are bullshit and charge suckers up to $10,000 for nothing. He can't show any of this real estate or mining stock he claims to own. FRAUD CHARLATAN...
2. Thank you Sir
3. hey follow me on snapchat and ill follow back. Lets motivate eachother on saving and investing. @lowkey_mp
4. please prepare and present better in future
5. i hate my self everyday that people told me your father is rich as hell, Seriously here's the biggest truth about being in a rich family. " never ending cycle of unhealthy sibling rivalry", i had to cut out contact on my father's behalf because my sibling thought i had been given everything. they don't realize i bust my ass for work on the internet and real life back and forth, to me the real value when it comes to entertainment business especially to a major that i had been in is the fans, the fans that bought the content that i made , when you already there you just have money "not being rich", to emphasis being rich is just depression and nothing to gain, you know what's sad being rich.. you don't know what to do with the money, understand this being wealthy does not guaranteed ultimate happiness. when you actually invest your time to appreciate money then you understand how to be rich, because real rich people they know how to value their future, not to show off their ego who is who on this part of life. this video is on point on what does it mean being rich " money won't last forever", when you smart and know how to invest your money then you ultimately win at life.". my dad invest so much money his children future is guaranteed good life when he passed on.
6. I didn't get anything from money master the game.. It's basically a written infomercial for his phone app which I could never get to work.
   If you have no financial background at all it may be beneficial.. but I was greatly disappointed in it.
7. lol the compound interest part.... its like 100k adjusted for inflation to 1M after 40 years like seriously thats such a dumb investment
8. Just read the book .
9. You are great!!!
10. I like that you shared the brokerage. it would have been nice if you went over one of the strategies.
11. nice!
12. God bless you Clark🤝🤝🤝🤝
13. how u doing Clark? I just subscribe to ur channel I really like how you explain everything here. I'm a 40 year old man my question is can someone that's 40 find a mentor? thank you for taking the time to answer my question
14. This all seems so intuitive that it is virtually useless. There is no secret to financial success. It's solely about ROI and choosing a profitable investment vehicle. Whether it be real estate, stock market, entrepreneurship, or a high salary career. OBVIOUSLY you need to be prudent and not blow money and make good choices and understand basic finance principles. Kiyosaki made millions off of this book simply for telling people to use common sense if they want to not be poor.
15. If gold is not a liability or asset, what is it?
16. This all worthless jibber jabber without introductory investments/assets
17. Hey Clark! I am loving your book summaries! Thank you! I have three book suggestions. 1. Richest Man in Babylon 2. It is not as well known but it is an awesome read The Dream Giver by Bruce Wilkinson 3. Also not as well known Career Warfare by David F. D'Alessandro.
18. Hey I don't know if you can clear this up for me but is there a difference between the self employed and the business owner?
19. you look like cristiano ronaldo
20. Clark
    very good
    too long
    slightly
    long
    boring not spiced up
    not learnt much
    sorry
    muzzey
    Sheffield UK