I'm constantly thinking about, how do I make money, how do I serve more people, how do I
create new businesses, make more money and pay less taxes and serve more people. Motivation.
There’s a story we’re told since childhood of how to be successful in life.
A recipe that if you are able to follow, will result in a life of everything you’ve ever wanted.
It goes something like this. Study Hard. Strive to be one of the best
at school and get great grades so you can get into college. At college study even harder to graduate.
Then find a job and work there for the rest of your life. And remember to buy a big house and
a beautiful car! But save the rest of your money so you can do some nice things and retire well.
What could go wrong? Almost everything actually. Motivation.
At no place in this equation, we learn about money.
How to get it, how to multiply it. The result is we are dependent on our jobs. If we lose it,
we may go into debt and lose everything we built. Truth is, rich people, don’t follow this
recipe we learn. They make their own way. That’s what Robert Kiyosaki explains in his
book Rich Dad Poor Dad. It is the story of the advice he received from his two father figures.
His biological dad, poor dad, who made a lot of money but because he didn’t have a rich mindset
eventually lost everything. And a rich dad, the father of his friend,
who had no money at the time but was able to become rich with the right mindset.
Through their advice, we learn the real difference between poor
and rich people and how to apply that to our lives. Motivation.
Robert Kiyosaki: Rich Dad Poor Dad is a story about my two fathers. My poor dad was
a schoolteacher, very smart man and my Rich Dad never went to school. And so, the information,
so starting at the age of nine, growing up in Hawaii, the information was different.
The advice was different so, I think most of your viewers out there sitting inside their
head or their words from their mother and father “go to school, get a job, pay taxes,
save money, buy a house cause it's an asset, get out of debt and invest in the stock market”
that creates poor people. It's a hypnosis train going through your brain.
So, when people say “how do I change my life?” Well, you change those words.
You can bypass that school system because the school system will never teach you about money.
The school system is designed to teach you to be an employee
which is important, or a doctor or a lawyer, a specialist but never about money.
So, once I got old enough and I'd already retired and I was rich and
I was fairly well-off It was kind of a social conscience. I said I have to share what I know.
Not everyone is a fan of Robert’s advice
because they realize everything, they were doing wouldn’t lead them to richness.
A lot of people doubted him and tried to stop his ideas, but the quality of his
work was greater than the opposition. And you can acquire this knowledge.
You can still change. You can still question what you’re doing right now
and alter your path. You can become rich if you realize how you’re losing money.
The story goes every publisher turned me down. They said you don't know what you're talking about
because I said savers were losers, your house is not an asset and the rich don't work for money.
And so the publishers are like my dad, academics superstars, you know,
they were “A” students in school and so they turned the book down.
And it took going by self-published route, you know a lot of network marketing companies picked
up the book like Amway and those guys, and they picked up the book to help recruit because it's
about financial independence. They're about the same thing I am. Motivation.
And then Oprah called in 2000, and then the next time on Oprah and I went from obscurity to
world-famous in overnight success in 2000. And the book has been on the New York Times bestsellers
for seven years until The New York Times took it off. They said I've been on too long. But
as you know, I mean most people in publishing or journalism, they're on the other side of the coin
of capitalism, you know, so they don't like guys who make money and that's like my poor dad’s side.
So that's kind of the story and, you know, I play, I play Monopoly in real life.
I don't need a job. I don't have a retirement, don't need a retirement.
I don't want the government to take care of me, but I felt a social responsibility to teach.
And that's what my rich dad did for me.
There’s four things that make the most, 90% of people poor. Number one is taxes.
Two is debt, you know college loans, house loans, car payments, credit cards. Three is inflation.
Everything goes out because taxes go up, it's not because things are more expensive, these taxes,
you know if I have to pay more taxes, I have to pass that on. And the fourth
thing that makes people poor is a retirement plan. That 401k or the IRA or their SIPP. I
don't need a retirement plan because all of my assets produce income. So, make, like,
I have fourteen hundred apartments. Every month I got a check. Why do I need
a retirement plan? You know, I have eight oil wells, every month I get a check. Motivation.
We lose money because we acquire liabilities instead of assets. We spend our money on
things that need maintenance or create debt. Mortgages, loans, an expensive car or house.
Instead, we should put our money into assets.
Things that will generate money without requiring our time. Like businesses that
can run on their own, real state, online products. If you change this one thing, the impact on your
life will be HUGE. Motivation. Money will come your way.
But you have to really want it. You have to put effort to create the conditions that will
allow richness. You have to take risks instead of being comfortable on a stable situation.
Robert Kiyosaki: You know people say “well money is not that important to me”. Then
if money is not that important to you, money is not important to you. I mean they you know,
I mean I don't care about money, the money doesn't care about you. You know it, the word
does become flesh “oh I'll never be rich” or the favorite one is “the rich are greedy” It's the
poor that are greedy, you know if you think about it because to be rich you have to give something.
You know and I have to produce books and games and I purchase real estate, I provide housing,
provide jobs, and all that. That's why I'm rich, but greedy people produce nothing. Motivation.
The poor will always be amongst us because it starts up here. Right?
It's that fear mentality. It's, it's in their words, you know,
and the words become flesh. I’m not really religious. I flunked out of Sunday School also.
But when they say I can't afford it or I can't do that, they go down. They become what they say.
And I made, so many people I don't I can't afford it. You think I'm made of money?
My Ph.D. daddy says “what do you think I am? made of money? I can't afford that.” And my
Rich Dad would say “That's why he's poor”. Poor people say I can't afford it. I can't do that.
I don't have time because this is escape. It's an escape. You know, I mean, it's easier to say
I can't afford it. Oh, I can’t, I’m too tired. Well, I can't go to the gym, you know. When you
could go to the gym, but no I can't. Sure, this I'm just too lazy to go to the gym. Motivation.
How can I afford it? How can I do that? You know,
what would it take or why should I do that? He says that a question opens a mind, a statement
closes the mind. See, when you say I can't afford it, your mind shuts down. You become what you say.
But the thing is is that we become creatures
of our own habits and until we break the habit, we don't change.
Change your habits, change yourself. But to do that you have to BELIEVE.
Believe in yourself and in your capacity to generate wealth and you will get there.
Live by these truths every day. Have a rich person’s mindset and with
discipline, nothing will stop you. Only you can do that for yourself.
Change. Motivation.
Confidence comes from discipline and training. I think one of the best things that happened for me,
I was, I was, I kept flunking out of school. And I realized it wasn't school that was a
problem, it was a lack of discipline. And so that's one of the reasons that I went to military
school. The military trains you that there's four strengths, there’s mental strength, emotional
strength, physical strength, and spiritual strength. So that's what kind of kept me going.
Keep Motivating yoursel! -MOTIV8