ROBERT KIYOSAKI TOP 10 RULES FOR SUCCESS
Robert Kiyosaki, is the author of number one personal finance book of all time ‘Rich Dad, Poor Dad,’ American businessman, Investor, motivational speaker, financial literacy activist, and Radio Personality. He is the founder of the Rich Dad Company and he has an estimated net worth of 80 million US dollars. He has challenged and changed the way tens of millions of people around the world, me included, think about money. It was through his books “Rich Dad, Poor Dad” and “Cash Flow Quadrant” that laid the foundation for me to venture in the entrepreneurship. And today I want to share his finest rules for success.
The following are Robert Kiyosaki top 10 rules for success:
1. Experience makes you Smarter.
Robert Kiyosaki started off without much money like most people and his first investment was a small 18,000 dollars condominium in Hawaii that earned him 25 dollars a month. Even though he did not make a lot of money from that deal, every time Robert Kiyosaki made another investment, he got smarter because experience makes you smarter. As the saying goes, experience really is the best teacher.
2. The more you Give the more you Receive.
Robert Kiyosaki believes in the Biblical principle; “The more you give, the more you receive.” Some people want to receive more but they are not giving anything. If you want to get more money you also need to work more and give more.
3. Change the way you think.
It’s very important to change the way you think about certain things and to develop a healthy positive attitude. For example, while most businessmen have a very negative attitude towards tax collectors, Robert Kiyosaki uses them as a motivation to make more money.
According to Robert Kiyosaki, the word ‘FOCUS’ stands for ‘Follow One Course Until Successful.’ Once you set out on the path of entrepreneurship, you must stay the course and always remain focused on your goals.
5. Hard times bring new opportunities.
Though fluctuations in the world economy may make some people feel depressed, it’s important to remember that hard times can also bring new opportunities. Robert Kiyosaki made a lot of money by investing in real estate that had become cheaper due to the economic slump.
6. Design the Business Properly.
A properly designed business does not require you to keep raising capital. Instead it has the ability to raise money automatically. No one will invest in your products, if you have a bad, poorly designed business.
7. Know what you are Working hard for.
It’s very important to know what kind of income you are working hard for. Most employed people work for earned income which is severely taxed by the government when they could be earning passive income on a regular basis, by embarking on entrepreneurship.
8. Don’t be afraid of Losses.
You will never get ahead if you are afraid of losses. We were all taught in school that if we make mistakes, we are failures, but that is not real life. If you are afraid of making mistakes then you will always be unsuccessful.
9. Aim to acquire Assets.
A well-designed business always increases the number of its assets. If your business is focused on the acquisition of more assets then investors will give you money because you have a good business design.
10. Stop saving money, hedge it.
Though saving money is the conventional wisdom, it is important to remember that people who save money cannot keep up with the fluctuations in the value of currency, which tend to weaken their purchasing power. Instead, it is better to hedge money and anticipate such fluctuations by making wise investments.
I believe these top 10 rules from Robert Kiyosaki will help you move forward. One of the best advises I ever got was: If you want to be successful, learn from someone who is already successful. As Randy Gage says “Do not take financial advice from broke people”.