Personal Finance 15: The Rich Don’t Work for Money

Scholarship

• $199
• 200 people only
• All money will be donated

Rich Dad, Poor Dad

• Wealth can only be bought or manipulated
• You can’t learn your way to wealth
• You pay for access
• The wealthy do not work for money
• Once you get off your knees from praying, you’ve got to get up and do math
• The only way to get wealthy in a capitalistic society is to already be wealthy
• Many people work very hard, but they never seem to earn enough. In Rich Dad, Poor Dad, Robert Kiyosaki explains how to escape this "rat race" and achieve financial independence. 
• Everybody should go to school, get high grades and then get a good job, right? Wrong! Well, at least if financial independence is what you are aiming at. Our education system is the number one cause of why so many people struggle financially. Schools teach people how to work for money, but they do not teach them how money can work for them. This lack of financial skills taught in school means that even highly educated people generally do not know how to handle money. The result is that the majority of people get trapped in work to pay their bills and are chasing paychecks all their life.
• This is the sad conclusion Robert Kiyosaki draws in his bestselling book Rich Dad, Poor Dad. Luckily, he also offers a way out. A way to get ahead. The fundamental trouble with working for money is that a job is a short-term solution to a long-term problem. People believe that if they get that raise, or get a new job they will finally have enough. However, if you do not know how money works, you can never have enough. Money alone will not solve anything, it will even get most people into more debt. So what is the secret to financial independence? Close the doors..
• If you’ve got the skills, you don’t need to draw a salary

 

Closing Thoughts 

• Don’t come to Antonio and learn; leave with a skillset
• Let’s get to the point where we don’t have to sell all day
• The goal is to take all of your money and put it into real estate
• Ask yourself if it’s possible that you can create a cost of living
• Stop trying to become millionaires 
• It forces you to do things that make no sense
• Just replace your income
• It’s perfectly fine starting small
• Buying wealth and creating assets to put into your bank account is what was taught today 
• Just because you’re doing well doesn’t mean you’re growing
• If you’re not doing better, you’re not doing well
• Create some assets for yourself 
• There are no mistakes
• People who don’t pay don’t pay attention
• Never ever think that when you invest in yourself, you’ve wasted money

Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy