From the book "Why We Want You To Be Rich"
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Well now if the post, I want to share a summary of the book "because we want you to be rich" by Robert Kiyosaki And Donald Trump, this summary I get the mail, if anyone has the book in digital version and would like to share with others please contact us.
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EXECUTIVE SUMMARY
The American middle class is endangered. The reason is that the U.S. economy is in bad shape: the dollar is in free fall, jobs and industries are moving abroad, wages are falling, oil prices are rising and social security is bankruptcy.
Thus, the middle class is left with only two exits into poverty or becoming rich. And the only way to get rich is to increase our "financial ratio", ie, our knowledge about the world of finance and how to do business.
The U.S. public debt is growing enormously and the government has not implemented the necessary corrective measures. Therefore, it is time to stop relying on the government and its institutions ensure our financial interests. It's time to get rich.
crisis is looming
Thanks to globalization, industries and jobs have moved to other countries, and the United States and other developed countries is becoming more a consumer than a producer. Since oil prices are controlled by global demand, the U.S. economy has become dependent on global trends. With the collapse of the middle class, economic stability and democratic capitalism are in danger.
Within a few years, about 75 million baby boomers will retire. If each of these will touch $ 1,000 a month, the government would pay $ 75 billion a month. This is equivalent to the monthly cost of the Iraq War.
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Both the poor and the middle class have to fall in mind that the U.S. government can help them in a fututo. United States has become the world's biggest debtor. A total of 44% of the debt is in foreign hands. For years, the government has only escaped the economic problems instead of confronting them.
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a mismanaged economy
social insurance has become unsustainable due to poor management. The U.S. also has a growing trade deficit of 423 million dollars. So is consuming more than it produces. It's like a family earning $ 5 billion a month spent $ 6 billion.
Moreover, the current tax system favors the rich over the poor. This means that millionaires pay less taxes than the poor or middle class. But instead of generating solutions, the government continues to pay its debts by borrowing. There are also many corporations (General Motors) in poor condition due to poor financial management.
The problem: a low financial rate
The Most Americans are ill-equipped to deal with the crisis because they lack financial education. People keep making the same mistakes and becoming poor because they lack financial intelligence. For example, people expect the government to solve their problems. But the truth is that the government lacks sufficient resources.
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addition, much of our problems are global, oil prices, terrorism, etc. At the same time, Americans believe they are entitled to employment, health, wealth and prosperity. So the American middle class has become too complaciente a pesar de la crisis que se avecina. Cuando la generación de los baby boomers se retire, el gobierno tendrá que sacar dinero de donde no lo hay para poder cubrir los gastos de jubilación.
Otro factor que entra en juego es la falta de educación financiera de los estadounidenses. Buena parte de los estadounidenses ha estudiado, pero sabe poco sobre el dinero. Los pobres aprenden a vivir del seguro social y la clase media sigue al pie de la letra la receta de ahorrar, trabajar duro e invertir en fondos mutuales.
Pero esta mala educación financiera ha hecho más pobres a los pobres y amenaza constantemente con la pobreza a la clase media. Por otra parte, la Poor financial education makes Americans more vulnerable to scams and dubious investments. For example, people continue to invest in companies large and well known although many of these are administrative problems. Also, people are still counting on Social Security and medical insurance (Medicare) even though both programs are facing bankruptcy.
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This affects you
This is a real danger. Medicare HI program has experienced a low cash flow since 1992. One in two Americans will require assistance medical health insurance may not pay. Therefore, retirees need to use their savings in medical care. So the younger generations will have to take care of the elderly.
This is the reason why one of the biggest fears of Americans are running out of money during retirement. A total of 80% of generation of baby boomers do not have sufficient emergency funds.
Today, most Americans are investing in the stock market in Social Security or a retirement program. But none of this will ease their financial problems.
Bad times it can enrich
The first thing to understand is that we can turn the problem into an opportunity. Financially successful people know how to take adversity. For example, higher oil prices negatively affected the economy, but not all businesses are suffering. In fact, during the economic crisis suffered by some people while others are enriched.
Increase financial ratio
Once we have learned this lesson, it's time to take advantage of the financial crisis in our favor. And this means increasing our financial ratio, ie, have the ability to review all national and international scene to see beyond the present and future and make decisions on the basis of this evaluation.
Invest to win
Most people fall into one of four quadrants: employee, small business or specialist, big businessman or investor. In addition, there are basically three types of investors:
1. People who do not invest anything: these are people who expected that the family, company or government dealing with retirement.
2. People who invest not to lose: this is the most investors.
3. People who invest to win: ie people willing to study harder, you want more, look for greater control and want higher returns.
can get rich no matter what type of investor we are. But first we must determine what type of investor are. Some people can not or want to become investors and entrepreneurs, preferring to work for a company and be assured of a job.
Thus, we must begin by asking: What are my values? Do I have job security? Do I value freedom more? What are my capabilities? Given my values \u200b\u200band skills, what quadrant belong?
Then, imagine that you are the successful person you've always dreamed of being. Why dial when you arrive at the pinnacle of success? Now compare their two answers. Already in the correct quadrant? Otherwise, call forth the skills they already have and create a plan that lets you dial to reach the success. Make a list of steps you must take to get there.
Win
momentum
momentum
The momentum is what separates the rich from the poor and middle class. The impetus is the ability to do more with less. If you want to be rich, should develop the biggest boost possible. That is, should educate themselves financially.
not rely on financial experts, accountants and advisers to invest their money. Much of the financial experts lack training or experience in the area. The push can come in many ways. It may come from our thoughts. This means that we must stop thinking as poor. Stop thinking you can not invest because they have money or because it has no rich dad or because he has inherited a fortune and therefore can not take risks.
Stop thinking that it is best to save money, live modestly and invest little risky. Increase your ratio will allow you to take greater financial risks and, in turn, decrease the chance of losing, as you know what you are doing. The momentum can also come from strategic alliances, which allow you to benefit from the ideas, money and resources of others.
therefore assess how it benefits you currently momentum in their daily lives. List:
- time that you take advantage of others.
- foreign money that you take advantage.
- How can increase the momentum in your life?
- How other people are worth the drive?
- Can you do what these people?
The two things that we invest
There are only two things that can be reversed: the time and money. But most people just invest money. The result is that we always end up losing money. When it comes to investing, we must ask:
1. How to reduce risks and increase returns?
2. How to find a good investment?
3. How to differentiate a good deal of bad business?
4. How to spend less money and more money outside itself?
5. How to get experience without risking any money?
6. How to deal with losses?
7. How to find good advisers?
These are difficult questions, so it's no easy answer. But this is the kind of questions to be asked while studying, learning and research in order to increase their financial ratios. The search for answers is what makes us rich. This is what it means to invest the time.
Investors who take the time to study, they also acquire the financial ability and experience to invest in things that offer higher returns. So, the next step is to determine how we manage our time. The week has 168 hours (7 x 24). Calculate
hours:
- workstations.
- What about traveling to work.
- What about grooming.
- happens eating.
- What happens to your family.
- you spend on your hobby.
- you exercise.
- you spend on your education.
- What about relaxing.
Then commit to spend 4 to 10 of those hours improving their financial literacy.
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Take control
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Review your life and determine how much control you have over it. Are you able to decide what to do during the day or someone tells you what to do? Do you decide how to invest your money or leave this responsibility to someone else? Ask yourself:
- What is under your control?
- What is not under your control?
Spending more time on our financial education and our investment will give us greater control over our lives. If you are an employee and feels that he has little control over their lives and finances, start a business part time. This will increase your confidence and give you a greater sense of control over their lives.
Be creative
Creativity will make you rich. Here are some examples of creative thinking:
1. When save or invest money in bonds, interest rates are set by the bank. In contrast, many real estate opportunities where one can set the amount of interest you want to collect.
2. When it comes to income, you may increase or decrease in the area of \u200b\u200breal estate. However, other people determine how we will win with stocks, bonds and mutual funds.
3. As far as taxes are concerned, one has little control over taxes to be paid for selling shares. In contrast, when selling real estate can control when and how much to pay. The tax laws are made to support reinvestment in business and real estate.
4. I can avail myself of my contacts and inside information to trade in a building or small business. It is illegal to make use of such information to sell or buy shares.
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5. After purchasing a property, simply give decorative touches that its value increases.
So ask yourself: Any time you have been a good idea? Have you ever taken money from this idea? If this is not the case, try to push their idea without losing control over it.
Think big
Most businesses fail because one or more of the BI Triangle is weak or absent altogether. The BI Triangle shows that there are eight essential elements for any business:
- Mission
- Leadership
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Equipment - Cash flow
- Communications
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Systems - Legal
- Products
The mission is the most important, the product is less important. The world is full of good products that fail. The reason for this is that the mission is the heart of a business.
case Take for McDonald's. Most of us can cook better burgers than McDonald's, but few can create a better trading system.
Thinking big means think in terms of systems and efficiency. But beyond thinking big, you should also think about expansion. This means being innovative, know when something is different and better. So ask yourself:
- Apart from the fears and risks, what are you imagining?
- What area of \u200b\u200byour life may think big?
- What area of \u200b\u200byour life may think expansively?
- What will you do about it?
Commit to change three things you are doing at the moment. Be rich means doing things differently. A formula for wealth formula for great wealth is reduced to the following:
- Impulse.
- Control.
- Creativity.
- Expansion.
- Predictability.
Some tips
1. Make a list of the most important lessons of his life . These are the lessons you learned from your parents, school, religion, etc. Determine how they have influenced his life. This gives you an idea of \u200b\u200bhow is his personality and how to succeed.
2. If still studying, take some basic classes in accounting and business law. When you finish studying, invest some time to convert this knowledge into experience.
3. If you are an adult without much money, look for ways to expand their means instead of living modestly.
4. If you invest in businesses, real estate or stocks, it is important to read numbers. This is an important part of financial literacy.
5. Learn technical investing, ie investing when markets are rising and when markets are falling. A good investor knows how to make money whether the market is moving.
6. If you are a baby boomer without much money, start investing in your health, wealth and happiness. Start doing what you really like even part time. Also, start investing in things you like. In this way you need to find and study more about things that interest you. The more you know, make better investments.
7. If you are already rich and want to be richer, invest in business start fast and take advice from qualified and accredited investors. Investigate several areas: real estate, oil and gas
, mutual funds, etc.
Why are there people who can not be rich?
People can not be rich for many reasons: laziness, bad habits, lack of education, lack of experience, lack of advice, bad attitude, bad influences from family and friends, lack of concentration , lack of determination and lack of courage.
Another important reason is the lack of an environment to support the person you want to make rich. So, if you want to get rich go to an area where people are getting rich (a real estate office or brokerage).
From the book "Why We Want You To Be Rich"
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