Tag Archives: money

7 Tips I Learned from ‘Rich Dad, Poor Dad’

Summary of Rich Dad Poor Dad

Rich Dad, Poor Dad

Hiya,

I finally got around to reading the famous Robert Kiyosaki book: “Rich Dad, Poor Dad“.

As a way of helping me remember books I’m going to start blogging my top tips from each starting with this book. So here are the 7 principles that stand out for me from this book…

#1  Pay yourself first

At first read this seems a little selfish but what Kiyosaki is talking about is paying yourself first before your mortgage, your bills, your debts etc. BECAUSE… that will give you the mindset to think more creatively about money so that you CAN pay everyone else. He doesn’t advocate not paying people – just make sure it’s YOU first.

#2  Get your money back quick

When investing in an asset Kiyosaki advises looking to get your initial investment back as soon as possible so the only amount left at risk was any equity or growth that asset achieved in the meantime. That way what’s left IN the deal is actually free money.

#3  Let assets buy luxuries

Pay for the luxuries in your life out of money earned passively by your assets. EG: Let the rental income from any property you own (for example) pay for your holiday or car payments. You should never buy luxuries with earned money, because any excess ‘earned‘ money should be put into buying assets that create positive cashflow.

#4  Model your heroes

Identify who your heroes are and why. Then learn as much as you can about them and what they did to become the people you admire so much. Copy their process if you want to be like them, there’s no need to reinvent the wheel.

#5  Give away what you want most

Sounds counter-intuitive right? What Kiyosaki means is: identify what it is you want the most and learn to ‘give‘ that to others. What you want then finds it’s way back to you. You want more people to smile at you – smile at more people. In order to start a fire you must first give away a flame.

#6  Learn to teach

And he doesn’t mean study how to teach, he means continue to learn all your life and then share (teach) what you learn with others. Only by teaching something do we get the deepest understanding of it.

#7  Don’t work for money

Most people work for money but if you want to be truly wealthy get money to work for you. Unfortunately the education system doesn’t teach that, so you have to find your own teachers and learn from them. The good thing is… they’re everywhere, in plain site.

That’s my top 7 take aways from “Rich Dad, Poor Dad” – no substitute for reading the book yourself which I urge you to no matter where you are in your life. It’s never too late to become wealthy.

Hope that helped – share with others if you think it did and keep an eye out for further book summaries.

Enjoy

Stu

🙂

PS: If you’d like a free pdf copy of my book: “Do You Hate Your Job?” just email me and I’ll send it right over.

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Filed under Book reviews, Life changing, Self help, Self Improvement, Success

Arianna Huffington Interview

Hiya,

If you’d rather Thrive rather than just survive watch this superb interview with Arianna Huffington.

She explains to Joe Polish the reason behind writing her 14th book ‘Thrive‘ and why there should be a third way in which we measure success. Money & power are the usual two but we often overlook the third – wellbeing.

It lasts approx. 50 minutes but it’s well worth the time watching it. Her new practices over the last few years have enabled her to live with less stress, less anxiety, more fulfillment, more happiness and contentedness.

Enjoy

Stu

🙂

PS: If you enjoyed this and want to learn how you can nurture the positive mindset required to succeed in any area of your life  this might be a

good fit —-> CLICK HERE

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Filed under Confidence, Goals, Life changing, Self help, Self Improvement, Success

Job satisfaction is NOT about the money – or is it?

Hiya,

10 years ago when I quit my job and started my own company I fully expected to earn less – at least for a year or two.

That’s not what happened.

Today’s blog post on my other site talks more about what job satisfaction actually means and how you can identify what it is that drives you in your career.

Read more here

Enjoy

Stu

🙂

PS: To get your f.ree copy of ”Do You Hate Your Job?” a full two weeks before it goes on sale on Kindle, simply sign up for my f.ree ‘Ponders, Quotes and Questions‘ thought provoking email list here on the top right side of that page.

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Filed under Change Job, Confidence, Goals, Life changing, Self help, Self Improvement, Success

More Time or Money?

Hiya,

I’m sure most of us could do with a bit more of both Time AND Money, but, if you could only have more of one – which would you choose?

Seems like a no-brainer at first doesn’t it, but dwell on it a bit and you may find yourself in a dilemma!

As usual, love to hear your thoughts on this over on my Facebook Page

Enjoy

Stu

🙂

PS: If you enjoy these daily debates please ‘Like’ my FB page while you’re over there! 🙂

17 Comments

Filed under Goals, Life changing, Success