I read this book a while back and thought it was awesome so I want to share my thoughts on it with you here on my blog.
Robert Kiyosaki and Donald Trump are the authors of this book. I love robert kiyosaki’s books, Rich dad poor dad was actually the first entrepreneurial book that I ever remember reading and it changing my life and I am so grateful for it. Donald trump’s books are amazing too, I have learned a ton from both of them and they are both amazing individuals as well as authors and entrepreneurs.
This book like all other books from Robert and Donald was awesome. The thing I loved about it was that it covered more than just wealth. It covered wealth building, real estate, finances, saving, investing and even network marketing surprisingly!
The book shows you how to take what you do and increase your value so that your income increases, then take that income increase and make it work for you better.
This book was all around great, I got so much out of it.
One thing I really loved from the book was that “Energy = Wealth”
When the price of energy goes up the wealth goes down, and when the price of energy goes down the wealth goes up.
It’s interesting and very thought provoking, no wonder I love free energy so much! I know it will increase my wealth and it’s just cool!
Also another great point in the book are the 3 different types of investors… they are…
1. Not investing at all
2. Investing to not lose
3. Investing to win
Are you investing to win? or are you one of the other two?
Another great lesson from the book is that saving and investing is different. Investing is investing not putting money into 401k and mutual funds. Those slow growth “investments” are really saving.
You want to invest in something that brings you passive income like real estate, network marketing or a business. Real investing is different than “saving investing” if that make’s sense!
A great way they differentiated these two was a “passive investor” vs. an “Active Investor” it’s funny because the passive investor receives barely anything where as the active investor receives passive income so it flips on you!
Another thing from the book that I loved was the word FOCUS and an awesome acronym for it.
F- Follow
O – One
C – Course
U – Until
S – Successful
One of the biggest lessons you could ever learn in building your wealth is also in this book and it’s so important so pay attention because i’m going to share it with you here.
Business, Finances, and investments are all numbers games. The 4 things that affect your wealth and wealth building are Assets, Liabilities, Income and expenses.
The goal is to increase your income and put that money into assets instead of liabilities while at the same time lowering your expenses and selling liabilities and putting that extra money into assets.
Basically put an up arrow next to income and assets and a down arrow next to expenses and liabilities.
The better you can become at raising what’s important and lowering what’s not you will build your wealth quicker and more effectively.
This book is extremely valuable and really has to much to offer, they also talk about right brain vs. left brain and how currently left brain thinkers are paid more but how it is changing and right brain thinkers are starting to make more because creativity is the future. I completely agree with it and i’m happy because I feel that I am more of a right brain thinker!
So much to learn and not enough time to learn it all but this should be on your “To do now” list!
Have an awesome rest of the day and be sure to remember to pick up this book below!
David King
Enter Your name and email in the box to the right to sign up for my newsletter and to get a free video and report sharing with you how I got started making money online…
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
