Hello everyone, I am a sweeping monk
do not know if you have the following questions
in the end how poor dad inside this book
to learn the fastest way to make money and finance in the Rich Dad thought it?
Why do most people who have read this book still cannot achieve freedom of wealth?
Is the author's sharing reserved?
Or do they misunderstand this book?
What core thinking does this book have to understand?
Today the film
I will tell you without reservation that this book will help me succeed in business
established five key Heart passive income
I will use my personal experience for everyone to complex thought simplify
hope to help we reduce the threshold so to achieve financial
freedom, friends who are interested
can give me a few minutes
to see the last film
you will get an unexpected value!
The first, and most of this book is the core of the Heart
Do not work for money, so that money to work for you
this sentence is the book's introductory Heart
Around this whole book is to develop thinking
you must be patient and listen , to lay the basis for
a lot of people regard the income and wages, salaries equate
they are waiting for the end of the boss sent them a fixed salary at the end of
that time, they hope to increase their wages, dividend income
you ever noticed that these people are Is it passive?
In fact, their income is in the hands of others
because I bring you dividends, pay, depends on some improper operating company
of others, or even a pay cut so
there will be severe
cuts, these people think that income is equal to wages
the same as the author of Rich Dad Poor
think to find a well-paid and stable job
to live a good life
so they like mad to talk to other people so competitive these
jobs, some people can successfully get the job they want
their wages have increased year by year
they are very happy
because they can buy a house, buy a car
they flow up the
result, they gave mortgage, car loan
to live like the rich material life,
but you have Not aware of it?
In fact, they have become servants of money unknowingly?
You see, when the loan after they have
lost their jobs because they can not even
once unemployed, they were not just worried about the loss of
life, but will these material conditions of their own
so they can only be forced to repeat the money to go to work every day
on this metaphor like a rat race has been run in circles inside the
mouse, no end in sight
Unfortunately, the world is no security system
especially for the poor,
you see, poor Dad author is a university professor
is no doubt that income the average
work can be considered stable high level of industry
but black swan events that took place
in the old poor dad when he was dismissed
can you imagine when you're old
sudden loss of income is what kind of picture it?
Poor, some people still think this is a single event
is caused by poor dad's unfortunate
but must pay attention
to the recessionary environment
have been rising unemployment
is the norm can guarantee you that is not you?
In fact, work is inevitable
many entrepreneurs first start is working, including the author
but in the end is how they progress in
how to make money work for them to do?
Very simple, subscribe to my channel to open a small bell
as this will ensure that
you can keep up on entrepreneurship, investment, finance and some of the Road and surgery
but in addition to this
second Heart
is also critical to study the money runs rules to allow maximization of assets
first, we must first understand what is the asset, what is the liability
author aims to provide an easy thing to understand
is that the money in his pocket can answer the assets
and liabilities is to take money from your pocket simple
things go, it is able to bring the assets and liabilities
of revenue expenditure is to bring you
an analogy for you, if you buy a house
but you have to do this every month to pay the mortgage
this is your Instead liabilities
that, if you put your home rent out the house to recover lost rent
income mortgage
if the rest of the
house is your asset
so, with the use of the same items
are not the same, the results will be different
the rich, he also is the author of Rich Dad
approach is to give yourself a monthly payment
that is to say, every month he put part of the
investment income into assets
such as real estate inside, business, stocks, etc.
before going to the other something that
payment for his favorite
authors assets, real estate because it
is not only stable returns, but also the appreciation of
these assets slowly over time become more and more
with the power of compound interest, like snowball
in fact, the establishment of core assets is the key
to establish the so-called passive income for themselves, to make money with money
that is meant to make money for your work
when you sleep, these assets can increase your income
is to say, you do not have to pay any physical, mental or
you will continue to get benefits
so that you can ask yourself
in the end have more assets or liabilities?
So some people are very smart, they will ask
how the business will be an asset, how is passive income?
It should be active income!
Some people may also ask if the house is not
not afford to buy assets it can not be established?
The third Heart will tell you the answer
and this is as far as possible from the Heart Guren Shi employees with
entrepreneurs with investors from excessive into
the inside of the book about the work is divided into four quadrants ESBI
I simply say something
first employee (employee)
is that most ordinary people chosen work
holding fixed wages, working eight hours a day
the second, from Guren Shi (self-employed)
are those who have the skills
themselves out when the boss, such as doctors lawyer
taxi drivers, snack bar owner, and so
these two types of human qualities that
they need to put into their own work, so the left side in the third
quadrant, business owners (business owner)
their company has established a system
to let others go Finally, the fourth
operation of this system, investors (investor)
they will invest money to market something
to make money to help them make money
with the third fourth category of people, in the right quadrant of
fact, I do not say we all know that
the classification is on the right people on the left side than the more lucrative
it is up to how the transition from the left to the right side of it?
In my case, when I went to college and later
to work with a company of colleagues out of business by
then me while working, while entrepreneurs
are then I do own hands and
feet, and wanted to give it a try
anyway, even if I did not lose business failure
later, the company's business began more and more
and more I find a few people together to do it
unknowingly established team
as to how it is done
you can consider subscribing to my channel
later detailed tell you
that, when I team up after
my brothers and sisters are beginning to make money independent of the
company needs me to do less and less
at that time, I did not feel the money is
money because I good enough
then, I started to talk to some experts to learn to invest in stocks with the option
to think of it, I really spend a lot of money
to replace it back investment experience and knowledge
now, I was finally able to obtain stable in Gupiaoshichang inside
good returns
of you have any thought?
In fact, at that time I
was with the transition from the employee quadrant
to quadrant from Guren Shi small entrepreneurs with investors,
I want to express is that
many people believe the myth that entrepreneurs have to resign to
the fact era of the Internet
really can part-time to start a business
as long as you have enough
spare time to develop desperately sideline
when the only full-time to
do it as a sideline boss later
when you earn enough money to go after
the establishment of
the company's management team to establish systems
go for the money that is
invested I think the risk of a minimum
success rate of the largest business method
at least, is how I came to be
heard here, I think I've answered the question just a
business is asset
because when a business is set up a system
that we are not personally going to operate
it can bring passive income for us
then, if you do not have the money to invest in real estate, to invest in stocks
then you also can go to work ah
but your aim is to work to earn capital
for the transition to the right of the
then fourth classification
heart is to make yourself a more choice
not to be nonexistent framework of his limitations
once you have not found
a lot of people talk about investment
comes to money, my heart would not feel safe
if you follow them they will
say lever felt a lot of risk
in fact, they do not go to find out what is
the most terrible investment and
once they have established the idea of the future
will not want to change
even if only to try to understand what
they will find it unnecessary
inside their heads there is an invisible framework
and this framework has limited choices, opportunities for development
is most unfortunate that
they may be away from success're just one step so small
I agree with the author on investment clarify gambling
if you know what you're doing
that it is not gambling
if you put money into a deal and then just pray
and that is gambling
so if people want to jump out of this framework
is to first understand their own first
and then get to know all the opportunities around
you to understand that in fact the source
of our values since our children become adults from this process
to a man about twenty
ideas had been set so
basically, it is the fastest developing thinking young man
of the world began to have awareness of time
but this time we
are the lack of judgment with independent thinking
and instill information to us most often, is the school
as well as a variety of media, such as movies, TV
shows, then, we see most often in the movie
is that it was because of stock options since
lost net worth and
we most often hear is jumping
read the book in a good school, get a good job
and then to the first phase of
human existence, and thus have a framework
that is what I have mentioned brainwashing power of
information as long as you were brainwashed, and it
is because the author's life in rich dad
when it came to the small
and the Rich Dad Poor Dad has a strong contrast with the
last, the author of Rich Dad choose to follow the road to go
before these frameworks are not
hampered his development
is also my opinion that he the core can be the key to success
I have one thing in common with the author
on When the market is in recession or downturn
in investment was able to earn good returns usually more luck
than those not on the market
but usually we have to pay attention to changes in the market
have the skills to learn to have
investment to equip themselves
so that we can grasp opportunity to
decline significantly in the market
because I leverage options
make it easier for me to enlarge my profits ten times, a hundred times
you have to remember, in the investment business or market
risk is not wrong but it will only
exist pose a threat to those who are outside
so we have to do
is to transform itself into insiders
learning investment with financial knowledge
so that we can deal with all the changes in the market
in order to have the opportunity to seize the opportunity of
the last fifth of the Heart
Institute of the tax advantages of
the use of open company let me
make a point to firm business idea to start a company
you know? After ordinary income
tax are required to go to the rest of the money
and have the financial intelligence
spending for the people
they will take advantage of the company's strengths
can start spending again because tax
expenditures can be counted in the company's cost which
I simply the analogy
there are two people, ordinary people are likely to
earn 1 million that must first come up with twenty percent to pay taxes
so his remaining 800,000 can be used to make everyday expenses
then there's people
that they will they can
go to spend the name of the company to buy a house, buy a car
may be the remaining 200,000, and then take it to pay twenty percent of the tax
is to say they just get their taxes 40,000 of
course, these people there may be more likely to
spend do not have to pay taxes
so some people might ask
if there is no money to start a company how to do?
So authors added that the
company is not necessarily a real entity
that can meet the legal requirements are just some of the documents
does not mean that companies have carved buildings, factories and employees of the company name
it may be just a soulless legal entities
but rich people's wealth here are protected
simply, you do not bring a lot of money to rent offices
can carve a company
to start a company just a little bit fee only
So now you can understand the
disparity is getting worse the reason
because the rich will use their financial knowledge to protect their assets,
their assets are protected corporate tax regime
they earn more, pay less
and therefore they are getting rich
contrast, no company opened they are
ordinary people earn less, pay more
resulted in no way they flow upward
you understand?
This is the importance of financial knowledge,
the authors also remind us
must go to special knowledge of accounting, investing, marketing, legal
these four areas
in order to improve our financial IQ
of course, if you think these professional knowledge is difficult to understand
or you want to make money, so you want to become rich
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hope that we can progress together next week bye, bye ~