He is an American businessman, investor, self-help author and motivational speaker. The founder of the “Rich Dad” Company. With an estimated net worth of over 80 million dollars, he is definitely the guy we should look into! We present to you the Top 10 Rules for Success from Robert Kiyosaki.
- Experience makes you smarter!
With every new investment I made, I got smarter. Because experience makes you smarter!
- The more you give -> the more you receive!
I make a lot of money, but I also give a lot. It goes to biblical principle: the more you give, the more you receive! If you want to get paid more, work more, give more!
- Change the way you think!
Whenever you are in problems don’t go and hide! Instead, use it as a motivation, get out and achieve!
What FOCUS actually stands for is: Follow One Course Until (You are) Successful! Do it again and again, and again up to the point when you understand it! Never stop learning!
- Hard times bring new opportunities!
Don’t stop if the world is in a difficult spot! Another brilliant investor who is following this rule is Donald Trump. You have to be an entrepreneur!
- Design the business properly!
No one wants to invest in bad business, or a bad product! It’s not always about the product, but it’s the way how you design the business! Design a business that has the ability to generate its own capital. The B-I Triangle is consisted of:
- Cash Flow
Each and every one of them are inevitable for the business success. If one is missing, the business won’t be operating efficiently.
- Know what you are working hard for!
There are three types of incomes: Earned (you work for it, ex. a regular job), Portfolio Income (ex. capital gains) and Passive Income. Know what you are doing! Carefully choose the income you want to receive!
- Don’t be afraid of the loses!
Remember that most successful entrepreneurs have bankrupted! Ford did it, Steve Jobs on several occasions, and not to mention Donald Trump – the US Presidential Candidate! At school they teach you if you make a mistake or if you fail, you are a failure. Is it true? Is Donald Trump a failure? Is Steve Jobs a failure? You decide!
- Aim to acquire assets!
Design your business to acquire assets! Don’t be one of those poorly designed business that never have any assets, but instead they have huge liabilities.
- Stop saving money, Hedge it!
All the savers are LOSERS! Savers are getting wiped out at the world we are living today. Instead of saving, try hedging your money! Don’t be a saver -> be a hedger, because the old rule is Save your money, but the new rule is Hedge your money!
We will take these rules towards success! Will you?
Source: Evan Carmichael