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now If I HAD to DO it ALL AGAIN, THIS is How I'd START! Top 10 Rules

 If I HAD to DO it ALL AGAIN, THIS is How I'd START!  Top 10 Rules

you know Ill always kind of dump on we called it fastfood industry if I had to do it again I go more for McDonalds most phds tell me I cant write yes I said I cant write but I cant sell you dont like to live below your means do you know and I think when you say to somebody live below your means you wipe the spirit out look I have an unfair advantage you know I went to war and at war Im aligned because other guys died for me hes the author of one of the bestselling business books of all time Rich Dad Poor Dad he has challenged and changed the ways of millions of people around the world think about real estate and money hes also an investor whos put his money into several business ventures hes Robert Kiyosaki and heres my take on his top ten rows of success volume to rule number four is my personal favorite and Id love to know which one you guys like that also as youre watching the clips if you hear something that really resonates with you please leave it down the comments below and put quotes around it so other people can be inspired as well when you write something down its much more likely to stick with you to enjoy Music you wake up tomorrow morning and youre on the street and you have nothing you dont have a single contact and your network all you have is the knowledge and experience that youve had throughout your career how do you build up from there well Ive been there many times so its no big deal you just figure out what needed Im watching you go do it you know Ill always kind of dump one what he called it fastfood industry if I had to do it again I go work for McDonalds and the reason I go work for McDonalds in over the hood seven bucks an hour or I dont really care I dont really like McDonalds food but they have the best business systems in the world you know how else can a company take virtually non collegeeducated people and build fast food industry across the world and they have the best system so right inside little McDonalds you can learn everything you need to learn about business except for the management side of it so I just go work it Donald so I can learn even more so I look at life as learning Im constantly learning you know Im reading constantly studying constantly I spend most of my time with entrepreneurs I dont spend my time with people who complain about the economy you know so nothing were going to change I just go back to being an entrepreneur entrepreneurs have one thing in common they keep going theyll change the rules theyll reinvent the rooms you know they dont just take one answer so a real entrepreneurial it makes no difference which country youre in thats my beliefs I not that you know I mean it is a mindset its fu you mess with me Ill find a way around it you know I have a friend is multi Multi multi family rich guy from France and that you know Frances was communist because it gets percent online for million dollar earners yeah but thats when he lives here so he he ed buying vineyards in Napa and Sonoma so he went back to the French government he says its his wine he says I want to ship my wine in bulk to California and the government says you cant do that so what French government said you cant yeah and heres the guy is I think his five generations you know French wine guy this guys this guy is an entrepreneur entrepreneur he says okay I cant ship in and barrel the guy goes yeah Isis okay all shipping bottles baby bottles all of this stuff it costs up more money well hes still figuring out how to do it to do know I mean it now he has his wine with his California wine and all this and so he went back to the French government here try this see if not better and so now theyre all confused because he didnt break any rules so Ill say it again entrepreneur is a mindset first skill set and rules and depending upon whether your employee or small business the rules are different the mind sets the different skill sets in terrific I am very shy very very shy and I came back from Vietnam and I could kill people but I couldnt talk to people and one day I said to my wife decided to follow my rich Johns footsteps it just stood there I want to be an entrepreneur he says you got one problem this is whats that so if youre shy so whats wrong with being shy so you got to sell you got to handle rejection numberone skill can you handle rejection answers no I couldnt handle it so I stole the water hose itself so no this was the of years old am i rich debts and hows your love life so it sucks shes getting a lathe I said no this is because you cant sell guys got it so when I talk about what skill do you need when this hits the fan you better selling so I went to work with Xerox in fourth like I learn how to sell took me four years and I was number one okay and today Im a bestselling author you know most phds tell me I cant write yes I said I cant write but I cant sell if you cant sell you dont make money here you and the state you know just because you have a product doesnt mean jack but the important thing is you you know I dont care what product you with but you and I ed off with nylon wallet success wiped me out you know couldnt sell could itself also it took off then I couldnt finance it for the finance couldnt finance as a sales tip going through the roof now so the Liz I kept borrowing and it couldnt sustain the sales necklace but thats how we learn okay if Im one of those kids who doesnt like school you know school is good for people who like school but here is my poor dead ahead of Education PhD on the governors Board of Hawaii and all this stuff and his kid me Im flunking out of school because I cant read I cant write I said I couldnt read I couldnt write I was bored out of my mind you know hey so what I did instead was thats when I met my rich dad was my best friends father and it is these things called a game the games are the best teaching tools so when Im playing this game this is how the rich taught their kids battle strategies call chess my rich dad taught me to be a rich man playing Monopoly we played Monopoly our hour after hour you know the formula for great wealth of Monopoly is for green houses one red hotel so today in Arizona I am green hotel in greenhouses and several red hotels I just played Monopoly for real so thats the power of a game because a game engages me mentally physically because I access the moving emotionally because when somebody knocks me out I better wake up you know I mean a mistake and spiritually because its spirit that wins now hes a salt golden state played play today also ball you know everybodys I love LeBron James I love Cleveland you know but one guy cannot take on a team and I think LeBron or of all the points in assists in all that what a better team beetle so when you look at business business is the same thing but this is a team sport I have to have good accountants good attorneys good marketing guys good tech guys great staff after great leaders know the trouble with most entrepreneurs are selfemployed so they quit their job and you know in America they the SBA the Small Business Administration says million small business owners million million are classified as non employers merge their oneman team it was a bit like this guy say ok Im going to take you on are you crazy but thats what most entrepreneurs are trying to do because thats what theyre taught to do in school to be the rugged individual you know in school I was very successful as long as I could cooperate at stype but the school cooperation at test time is called cheating in the real world the guys have the biggest team when so all I focus on is putting the best team together meanwhile a lot of time to a students in school that the doctors and lawyers just stay there all by themselves theyre sitting ducks but theyre entrepreneurs then it means this in mindset tactic strategy I went to military school Im a former Marine so I think like a military operation which I love chess so most most entrepreneurs you know they have this job ok Im going to be an entrepreneur in this case is massacre because they went to school theyll learn to get a job and they take tests on their own they have to be the smartest thats like the LeBron James I dont want to be the smartest guy in my team but I want to have the best team and thats why I win most of my games I think like this and the doctor stick like this and like yeah I got you man yes but some reason I get the sense Im going to win so the other thing with when people say live below your means you dont like to live below your means do you know and I think when you say to somebody live below your means you wipe the spirit out its like saying somebodys going to lose weight go on a starvation diet it doesnt make you healthier to starve yourself so I would rather get financially educated thats why I read read your books because I want to this is my greatest asset I want to feed my brain so that I can expand my means without getting into excessive debt or where I to lose because death is a is a to a sort but telling somebody to live below your means is almost inhumane I never felt good doing it I wanted to Shrive to do better every day I want to do better every day I like the good life I tell the story of Music taxiing underneath your jet in us I was in my jet but it was a little Learjet I look up and theres a a night tax the other does it holy Mac you know its its big boys and their toys but nonetheless it inspired me I said okay Im in a Learjet now its time to step up and it doesnt mean the jet will make me happier what makes me happier is the wanting to get better to get smarter to do better if you did not have the rich that in your life what would you be doing today its hard to say if it doesnt have my Rich Dad because as a young kid ing at probably about the age of five six seven eight nine I really wanted to be rich so I think number one is desire you know and then you naturally seek your role models and teachers and in my lifetime Ive had multiple rich debts you know my rich dad was my best friends father son the age of nine and then today I still seek mentors and wise men and wise women because thats how you get wiser is by hanging out with smart people everyone says finding good real estate is hard when youre getting ed whats the value of good network and good partnerships well Ill say again in I came back from Vietnam and I was a pilot up there and I took a real estate course it was three days long and that was a lot of money back then I was only making a month so was all I had and the instructor the end of the program said to me he said whats up the whole class full of of us he says your education begins now that you leave the class even get educated Wilder class so his assignment was that everybody over of us with the Parapan team different teams two or three to the team and we have to look at properties in days and it says dont buy anything just look at properties doing evaluation of each property right up right a short blurb about it why its good why its bad and its at the end of days and a hundred properties then you make up your mind if youre going to buy something he says if you havent found one property in a hundred a hundred deals you again you know you to get another hundred and thats what most thats why most people are not rich is theyre not willing to go through that process of looking at a hundred deals to find one deal and this sometimes in you and I know you look at a lot of frogs to find one princess you know but when you find that one princess everybody goes oh well how do you get so lucky well I looked at a lot of dirt dirt dogs out there you know and thats like anything in life you dont marry the first man or woman you meet hopefully you kiss a couple of women before you do my last paycheck I still remembered clearly he was one of the worst and the best days of my life and I was in Puerto Rico I wasnt working for Xerox and my boss gave me my last it wasnt a paycheck was a bonus check I think was about bucks taxable only problem that look at this check and I went holy mackerel yeah I mean so I was excited but I was also disturbed and so this other guy comes up to me they was John and John says to me says youre going to be back I said why he says because youre going to fail I looked at the missus look few experts of words because thats what he did he left Xerox field and came back I said look duh you failed and you come came back but Im going to fail and Im never coming back and thats the attitude do I mean yeah if if you say well if I fail Ill go back to mommy and daddy then thats what youll do so if you fail thats when I became an entrepreneur because I had no money I had no money for years you know I didnt have a paycheck but thats what my Rich Dad encouraged me to do is is when youre when you dont have this paycheck you get hungrier smarter and use the test of your character we become a crook we become dishonest will you cheat and steal or will you become a better human being so really it does the benefit of becoming an entrepreneur you really find out who you are when you dont have anything if youre an entrepreneur and youre going to be a big entrepreneur leadership skills and communication skills are more important than a law degree so now I have another book that just came out its called the eight lessons and military leadership and the military I want the Military Academy and all that Ill you know from day one you learn the leadership you know day one at the academy I have to stand in front year old kids ago section tenhut and naturally theyre not legacy for true you you know so thats when you learn to be a leader now as you said to me we first met patrol with the military go will rough I had a hard time when I came back from Vietnam and went to work for Xerox and you know people dont like I did call him an and a you know stuff like that the other word is a curse word any money yeah a magic hey youre not doing this you know but they dont appraoch all the HR person I better make some changes here you know Im talking about of course you cant talk straight in corporate America solitaire you can if you have to yeah yeah and I love it yeah and Im going to give promotions if you well what when I got called names assal the guy likes me so thats why I follow you guys are military veterans you know you have probably the number one skill to be an entrepreneur which is leadership the ability to listen to not take it personally and kill still get the job done it is the best training of the world you know the saddest thing about being in the military was leaving the guys behind her there was some of the best in the world and there were you know there werent all college graduates there was just my Gunners my mechanics you know all this stuff camaraderie oh Jesus Price embroideries nicely its all I did when I when I ed the rich dad company was to have that same sense of teamwork inside rich too thats why theres no ranks and all this stuff in this company everybody get to say what they want to say people are free to do what they want I stay out of their way and we get the job done such as five things got the most remember number one is the phone was a strength of character you feel stand up dont lie dont cheat go to stand up on it keep going on strength this is focus you know the index market this is where Im going and I talked about how I went to flight school you know preparing to fly in Vietnam and people are shooting at you still going to stay focused on your target even if you children across this what everybody knows this is what you stand for you know so Donnell stands for the absolute wealth and what I stand for is very simple financial education keep it simple you know teach people to manage your money I stand for that and then dont ever get off that track the ring fingers for relationships if you if somebody is struggling finance get a company a country or marriage its because of a bad relationship and the thing that Donald I always say you cant do a good deal with a bad partner and God knows that has bad partners and they just in constant but they want to tender smarter and then the little ones a little finger every entrepreneur must do something that nobody else does for example the United States Walmart their whole system of businesses designed to give you the lowest price possible everything whereas a little momandpop store though they would put things on sale thats not the same thing it acts as overnight that was a whole thing it was the whole company around that little promise of Dominos peace in America was pizza in less than minutes so the entire business was built around one simple little puns and those are the things that make entrepreneurs extremely rich for extremely poor they dont have most fun is their time to bail out on a project though I mean when I dont thats not in my vocabulary yeah look I have a I have an unfair advantage you know I went to war and a war Im alive because other guys died for me when you see stuff like that you know how can I quit most guys I just wimps cowards they dont have it so they should they should get a job thank you guys so much for watching I hope you enjoyed and if you havent checked out volume one I think youll enjoy that as well Id love to know what did you learn from Robert today in this video thats going to have the biggest impact on you on your life or your business what immediate change are you going to make after watching this video Id love to hear from you please leave it down in the comments below I also want to give a quick shout out to mg McGill thank you so much for picking up a copy of my book here one word and taking that picture and posting it on Twitter I really appreciate the support and I hope you enjoyed the read by the pool so thank you guys again for watching I believe in you I hope you continue to believe in yourself and whatever your one word is much love Ill see you soon very important diagram Chad showed me when I was a little boy or the diagram known as the cashflow quadrant and the quadrant is made up of the four different people who make up the world of business so my Rich Dad said in the world of business theres E and E stands for employees an employee says you can always tell who they are by their core values and what the employee whether the president or the janitor of the company well I would say the same words the words are Im looking for a stage to care a job with benefits thats what makes them an employee because their core values is security the other other one of the four is the S with a small business owner or the selfemployed and again their core values will cause them to use the same words which are if you want it done right do it by yourself if means theyre also solo but generally one person actor they operate by themselves on the right side of the quadrant are the bees and when Rich Dad said the Beast is for was big business or like Bill Gates Forbes defines big businesses employees or more and their words a different base Im looking for a good system a good network and the smartest people I know to help run my business theyre unlike the S they dont want to run the company by themselves they want smart people to run the companies for them and then the fourth of a quadrant is the I and I stands for investor these are people who have money work hard for them these people and people have people work hard for them and these are the people that work hard for the rich here and the thing of note here is that most people who go to school a program for the e and the outside for examples my poor dad who always said to me son go to school so you can get a nice safe to caret job and so my poor dad wanted me to be an employee as this what time was the kid get a safe secure job steady paycheck and benefits okay I didnt want to be an employee and as a llama and mom and dad I want to be a rich man and I fight with my dad so my mother finally said son if you want to be rich my mother was registered nurse she says you want to be rich the richest people I know it doctors so my mom wanted me to come over here yes our small business person as theres only one problem with that mom doctors are really smart and shes got a good point theyre not going to be a doctor so I you know so I went to school I have a Bachelor of Science degree I can drive ships and I can fly planes and flew for the Marine Corps but that Ive never used any of that education because I wanted to become a business owner it was my rich dad who basically said to me you know become a business owner and learned to be a professional investor so one of the big differences here between these people is that is called taxes in the US the federal government passed a law that said employees have to pay tax before they got paid so when youre going to get your paycheck from your employer you open it up and voila the governments always taken a sizeable chunk of it and the harder you work and the more money you make the more money they take from you so thats why its not that good to be an employee because you can never get a hit because the more you work more money you make the great they pay in taxes now that the doctors and lawyers and attorneys accountants were all athletes out of these guys they get you know their game paying a lot of taxes so naturally the federal government changed the laws again in to the us a thing called Tax Reform Act and it basically basically took a lot of the benefits away from people who are selfemployed small business doctors and lawyers so today in America unfortunately these guys pay the highest percentage in taxes it is tragic and a lot of people think theyre investors but what theyre really doing is theyre just giving their money to people like mutual fund companies and all that so theyre not theyre investing but theyre not really investors see the big tax breaks are on this side you know the laws are pretty tight here but this area is very very great so by being a business owner on the righthand side of the quadrant you can make a lot more money and pay a smaller percentage of taxes legally and the key word is legally in the investor quadrant it is possible to make millions of dollars and pains opposite taxes legally and so it was my rich dad who said to me you know Robert if you really want to be rich learn to build businesses it made more sense to him to work hard to build a business something you own and something youd pass on for generation to generation to your kids whereas my poor dad said work hard but my rich dad said why would you work hard for something youll never own and get fired from right away again that was the difference in values so my wrists and suggested I learned how to be a business owner and learn how to be an investor and thats one of the big differences on this side of the quadrant these people here work for security they work for money also on this side over here their key value that they want is they want freedom they dont want to have to work at a job anymore they dont want to have to work for the rest of their lives one of the beauties of business of the 21st century is allows people to make the transition the e S site to the B site especially and so you can become big business owner and the difference between s and a B small business and big business most of these guys cant quit working most small business owners if they stop working for more than a month the business collapses you know they dont really have a business most of these people own a job so the beauty of business for the 21st century is allows these people to make the transition to the B side so that you dont have to keep working hard for money any money can actually come in passively then once you have your business up and running then I always recommend you then begin investing with your excess cash paying less and less in taxes and thats the reason the rich are getting richer '
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