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"Unlock the secrets to building wealth quickly! Discover the 7 rules of money from Robert Kiyosaki's bestselling book "Rich Dad Poor Dad". Learn how to break free from financial struggles and achieve financial freedom. Get a concise summary of the book's key takeaways and start building wealth today!"  _Tags:_  - Becoming rich fast - 7 rules of money - Rich Dad Poor Dad - Robert Kiyosaki - Financial freedom - Building wealth - Money management - Personal finance - Wealth creation - Financial literacy - Book summary - Self-improvement - Success - Prosperity - Financial independence  _Additional suggestions:_  - Consider adding tags related to specific financial topics, such as "investing" or "passive income". - Use long-tail tags like "how to become rich quickly with Rich Dad Poor Dad principles" or "summary of Rich Dad Poor Dad book for financial success" to target specific audiences. - Add tags related to the emotions and sensations evoked by your content, such as "inspiring and motivational" or "practical and informative".

Transcript

00:00In this book, you will find habits identified in the lives of rich people and the responses

00:07they take in a particular situation.

00:10If you can apply these rules in your life, then you can also become wealthy in the future.

00:19In 1997, Robert I. Kiyosaki wrote book Rich Dad Poor Dad, which quickly became a bestseller

00:27and a financial education sensation.

00:31The book depicts the financial philosophies of two important figures in Robert's life,

00:37his real father, whom he calls Poor Dad, and his best friend, Mike's father, whom he refers

00:44to as Rich Dad.

00:47Robert's poor dad was well-educated and worked as a college professor, but he struggled financially

00:54in his entire life.

00:56Rich Dad, on the other hand, had less formal education, but was a highly successful businessman.

01:04When Robert was nine, he saw his wealthy schoolmates and wanted to become rich too.

01:10He asked his poor dad how to achieve this, but Poor Dad had no answers and suggested

01:17him to ask Mike's father, who was the Rich Dad.

01:22Rich Dad then began teaching Robert the principles of wealth creation and maintenance.

01:29In Rich Dad Poor Dad, Robert shares lessons on becoming rich, certain habits that rich

01:36people have, managing money, and avoiding mistakes that keep people poor.

01:42By following these lessons, anyone can achieve financial success.

01:47The last lesson, in particular, is very important, so you must watch the video until the end.

01:56Lesson 1 The rich people don't work for money

02:01Rich people focus on building systems and investments that generate income for them,

02:07rather than working in a traditional job for a salary.

02:12They invest in assets like business, real estate, and stocks that can provide passive

02:18income to them.

02:20This way, they create multiple streams of income that work for them, even when they

02:26are not actively working.

02:29People who only rely on a 9-to-5 job earn a fixed salary and trade their time for money,

02:36but if they stop working, their income will also stop, which creates dependency on their

02:42job for their financial security.

02:45On the other hand, those who invest in assets build wealth that generates income independently

02:52of their time and effort, which gives them financial freedom and security.

02:59So the key lesson is to shift the focus from earning a salary to building and investing

03:05in assets.

03:07By doing so, one can achieve financial independence and enjoy a more secure and prosperous future.

03:17Lesson 2 The importance of financial literacy

03:21If you want to become rich, then you have to understand the basics of finance.

03:27This includes knowing the difference between assets and liabilities.

03:33Assets are things that make you earn money, like investments, rental properties, or a

03:40business.

03:41Whereas, liabilities are things that take money out of your pocket, such as loans, mortgages,

03:48and credit card debt.

03:51For example, a car might seem like an asset, but since its value depreciates over time

03:58and it often comes with loan payments and insurance costs, so it is actually a liability.

04:06On the other hand, assets are things whose value depreciates over time and provide income,

04:13such as dividends or rent.

04:16Being financially literate means having the knowledge to differentiate between assets

04:22and liabilities, and the ability to manage your money effectively, to build and acquire

04:29real assets that enhance your wealth.

04:32Therefore, you must educate yourself about financial literacy.

04:39Lesson 3 Mind your own business

04:42Instead of only working for someone else and helping them build their business, focus on

04:48building your own assets.

04:51People with regular jobs mainly focus on their roles and career growth within a company.

04:58However, those who focus on their own business invest time and resources into creating their

05:04own ventures.

05:06This does not mean you have to quit your job immediately.

05:10It means starting a side business that can grow into a full-time business over time.

05:18For example, you could start a small online business while still working for your regular

05:23job.

05:24This side business can provide you extra income, and as it grows, it can become a substantial

05:31source of money for you, and then you can leave your job and run your business independently.

05:39This way, you can gradually move from being an employee to an entrepreneur, creating more

05:45wealth and opportunities for yourself.

05:49Lesson 4 Take risk in life

05:53People with regular jobs often seek stability and avoid risk.

05:58They focus on the security of regular salary.

06:02Because of this, they might miss out on profitable opportunities due to fear of losing money.

06:09On the other side, wealthy people are not afraid to take risks and find creative ways

06:15to make money.

06:16They see opportunities where others see obstacles and understand that taking calculated risks

06:23is necessary to build wealth.

06:26For example, Robert Ikeosaki once bought a house in America for $20,000 during a recession.

06:35He rented it out for two years and then sold it for $95,000 when the recession ended.

06:43This way, he earned a profit from the sale and also received rental income for two years.

06:51This way, wealthy people are willing to take calculated risks, which can lead to significant

06:57financial rewards and wealth creation.

07:02Lesson 5 Work to learn

07:05Don't work for money.

07:06Focus on jobs or activities that teach you new skills and knowledge, rather than jobs

07:13that pay you the most.

07:14The skills and experience you gain can provide greater long-term benefits and opportunities

07:21than a higher-paying job.

07:23Often people focus on high salaries rather than skill development, which traps them in

07:29a 9-to-5 job for their whole life.

07:33On the other hand, wealthy people work to learn, not just to get paid, and once they

07:38gain the necessary skills, they often start their own business and use their expertise

07:44to develop them, which leads them to become wealthy over time.

07:50For example, you might take a job in sales to learn about customer relations and negotiation,

07:57even if it does not pay as much as another job, the valuable experience you gain there

08:04can be highly beneficial in your future.

08:09Lesson 6 Overcoming Obstacles

08:11When starting a new business, we are bound to face ups and downs, which are a natural

08:18part of the process.

08:20During tough times, many people panic and think negatively.

08:25However, the wealthy ones learn to overcome these obstacles through education, experience,

08:32and a positive mindset.

08:34They understand that fear and self-doubt can be managed and used as motivation.

08:41On the other hand, job earners might avoid risk and new opportunities due to fear of

08:47failure or financial loss.

08:50They prefer the safety of their current income.

08:53The rich ones confront these challenges by continuously educating themselves and taking

08:59manageable steps towards their financial goals and turn potential barriers into growth opportunities.

09:09Lesson 7 The Importance of Taking Action

09:14Knowledge alone is not enough.

09:16You have to take action on what you have learned.

09:20Many people get stuck in the planning phase and never actually implement their ideas.

09:26On the other hand, successful people take calculated risks and act on their plans.

09:33For example, if you learn about a great investment opportunity, don't just think about it.

09:39Take the necessary steps to invest after doing proper research.

09:43The difference between those who succeed and those who don't often lies in the willingness

09:50to take informed actions.

09:51While job earners may fear losing their steady income and avoid opportunities, the wealthy

09:58ones understand that acting on a well-researched plan can turn potential risk into substantial

10:06rewards.

10:07Taking these steps helps achieve financial goals and build confidence and experience

10:14for future ventures.

10:18So friends, these are some of the important rules in the book Rich Dad Poor Dad.

10:23If you can apply these rules and habits in your life, you can also become wealthy and

10:29successful.

10:31If you want to buy the book, you can click on the buy link in description.

10:36In this book, you will find habits identified in the lives of rich people and the responses

10:43they take in a particular situation.

10:46If you can apply these rules in your life, then you can also become wealthy in the future.

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