It’s a habit. Developed by BestBookBits, 50 Words to Your Dreams | Chapter 1: Dreams | Michael George Knight | bestbookbits.com, 50 Words to Your Dreams | Chapter 2: Passion | Michael George Knight | bestbookbits.com, 50 Words to Your Dreams | Chapter 3: Desire | Michael George Knight | bestbookbits.com, 50 Words to Your Dreams | Chapter 4: Purpose | Michael George Knight | bestbookbits.com, 50 Words to Your Dreams | Chapter 5: Goals | Michael George Knight | bestbookbits.com, 50 Words to Your Dreams | Chapter 6: Planning | Michael George Knight | bestbookbits.com, 50 Words to Your Dreams | Chapter 7: Time | Michael George Knight | bestbookbits.com, 50 Words to Your Dreams | Chapter 8: Knowledge | Michael George Knight | bestbookbits.com, 50 Words to Your Dreams | Chapter 9: Creativity | Michael George Knight | bestbookbits.com, 50 Words to Your Dreams | Chapter 10: Ideas | Michael George Knight | bestbookbits.com, Long Walk to Freedom | Nelson Mandela | Book Summary, The Master Key System | Charles F. Haanel | Book Summary, The Gifts of Imperfection | Brené Brown | Book Summary, The Wisdom of Insecurity | Alan Watts | Book Summary, You Are the Placebo | Joe Dispenza | Book Summary, Living the 80/20 Way | Richard Koch | Book Summary, Developing the Qualities of Success | Zig Ziglar | Summary, The Psychology of Money | Morgan Housel | Book Summary, Permission Marketing | Seth Godin | Book Summary, https://go.bestbookbits.com/first-seven-steps, https://www.youtube.com/bestbookbits?sub_confirmation=1, https://open.spotify.com/show/0q8OW3dNrLISzyRSEovTBy, https://www.facebook.com/michaelbestbookbits, https://mailchi.mp/d1dfc1907cdb/bestbookbits. That is why rich dad repeatedly said, “Knowing your exit strategy is an important investment fundamental, If you want to retire young and retire rich, knowing your genius and the unique way you learn is an important part of the plan. We kept our financial problems a secret. If you want a smile, be the first to give a smile. It seems that even turtles can push along with a sudden gust of tailwind. The second most important is leverage.”, “Leverage is the reason some people become rich, and others do not.”, “The reason less than 5 percent of all Americans are rich is because only 5 percent know how to use the power of leverage. If you want a faster way to become rich, your plan must include fast ideas choose your exit strategy first. Find out how you can do the same. The reason the business owner gets paid last is because he or she starts a business in order to be paid the most. The formula for wealth found in the game of also follows Metcalfe’s Law, If you want to be rich, you must build networks and link your network with other networks. For me, doing that is a better habit than allowing your feelings of doubt and uncertainty to run your life. What I thought was important was not that important. That is why so many adults cannot see the changes that are coming. Their fear becomes reality. Your life will change forever once you know why it is better to have depreciation rather than hope and pray for appreciation, Many times in life, you will meet people who are smarter, faster, richer, more powerful, and more gifted than you. This item: Rich Dad's Retire Young Retire Rich (Rich Dad's (Audio)) by Robert T. Kiyosaki MP3 CD $9.99 Only 4 left in stock (more on the way). <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 11 0 R 12 0 R 13 0 R 14 0 R 15 0 R 16 0 R] /MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Taking the time to reflect on my life I discovered that: Today, I truly appreciate the hustle and bustle of life because I know what it is like to sit around doing nothing. And three, they often become obsolete because they fail to notice that their once-right answer is now wrong. Notice thoughts you don’t want. There are fast ideas and slow ideas, just as there are fast trains and slow trains. In the Information Age, more of us need to grow up and grow away from old Industrial Age ideas of expecting someone else to be responsible for our job security and financial security. How can I do what I do for more people with less work and for a better price. They may know the definition, but they do not have the integrity to make the words a real part of their lives.”, Never make promises you don’t plan to keep.”, “People who do not keep their small agreements are people who cannot be trusted. They do not have much money because they do not give money. Leadership is not a popularity contest. Take that moment to be with him or her. They know they can win even if they lose. Networks are people, businesses, or organizations that you are generous with because you support them and they support you. The reason most people remain small is because they solve problems they can solve themselves. I knew why I was going to do it, even though at that moment I did not know how I was going to do it. What was important was where I was at, not where I was going. One last point. Your job is to position yourself and be ready when the opportunity presents itself. Its 21 chapters are broken down into 4 major sections: 1. Working for ordinary income is like taking two steps forward, and then taking one step back. All you have to do is do what needs to be done with the gifts you have been given. Your boss’s job is to pay you for what you do. It is okay to be five years early, but not one day late. "-�Rr�m8�՜b%�R�����}����E+Aʹ_��+�>ҳD8Z\Ige2R�&�扴�>�-� ~v��&�_����= �}8 �?�媈��8�Զ�A��1Mgu^&����8pg��]�ۜ���&83/��m�r�O��Q�9+nH2��|��]kK��W�@*��� ���W)�>�L�� ��, ^{l�� ����~/Adģ������z�$~wi�]x�O�Y>�t�p�T0����}��:n�u�=���1^Ɨ���,����D]�i��mY\�K���/��x�d�s�,te���@�����Tá���e c`��-1�u���q!8��b{�4ΟV�뜯��(�����,���=�~�s_�y�k�g���]k��ݰ̧��ב��);|�kˑ���n�r�������E��+eBc�00�S@���o�^�r3ȥF[?P��U���ޓDS����[HFkxK�\(�m�E. No you don’t have to become rock stars to be rich, and no, television, radio, and records are not the only forms of leverage. Most importantly, they can keep an open mind, even though what they are hearing is beyond their context. It is not becoming the one rich person that this book is about. Retire Young Retire Rich is about how we started with nothing and retired financially free in less than ten years. I mention all this as a way of encouraging you to keep going, even though you may encounter some setbacks along your life’s path. Let’s get started. It is the advice about money, investments, and business that you get from your poor friends and relative, Being rich is not so much what you know, but who you know. You will not only miss the window of opportunity, you may take shots at opportunities that are also frozen in time and not going anywhere. I also want to keep my investment.’” If you can understand this principle of investing, you will understand what the velocity of money means. My poor dad did not want to look at his financial situation. For example. You go to school if you want to be a better employee or better professional person such as a doctor, lawyer, or accountant. Most young kids know how to do that naturally. It is the highest taxed income and it is the income with the fewest controls over how much you pay in taxes and when you pay your taxes. . It shows how important the word leverage is to the rich and the advantages and powers that this word possess. When it comes to money, most people are on the slow train, looking out the window watching the fast train pass them by. Instead he spent months coming up with a plan on how he could afford it. Retire Young, Retire Rich. If you want a punch in the mouth, be the first to give someone else a punch in the mouth. Library of Congress: HG179 .K566 2002: Dewey: 332.024/01: Edit. Begin to see yourself in a world or reality where you will never ever need a paycheck or job again. Follow bestbookbits to never miss another show. In other words, you can be paid for years for something that may have taken less than a week of work to do.”. 1 If you are not familliar with the word leverage, here is an example. Observe the world from their eyes and you will see the future. That is what they do differently. A bureaucrat only knows how to make money if it is given to him. You do not have to retire to do what needs to be done. “For example, if I am afraid of losing, I say to myself, ‘What am I afraid of, what do I want instead, and what do I need to do to get what I want?’ If you notice, they are all questions that first open up my reality to new possibilities and realities.”, Then I sit quietly until the feeling of fear leaves and the feeling I want comes into my heart, chest, and stomach area. What determines if someone is to be rich or poor is simply how well he or she handles those problems. A professional investor always has an exit strategy before they invest.” Having an exit strategy is an investment fundamental. Many losers bet only on sure things such as job security, a steady paycheck, a guaranteed pension, and interest from a bank account. This edition published in 2002 by Warner Books in New York. Your greatest expense in life is the money you do not make. The primary way most people increase their earned income is by working harder. 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