alright so in this video I'm gonna share
with you guys the most important thing I
learned from Robert Kiyosaki the author
of Rich Dad Poor Dad when I first saw
this and really understood it and got it
it really changed the way that I thought
about creating financial wealth and
financial abundance in my life this is
the key to creating financial freedom
and I'm sure to God how poor people
think and then also how the rich and the
wealthy people in the world think and by
the way if you haven't yet read any of
Robert Kiyosaki books to highly
recommend that you do start with the
book Rich Dad Poor Dad and then read
some of his other books from there but
I'll just give you the basic financial
understanding about creating wealth and
creating financial freedom I had this
one client that I coached in my early
20s who is very successful
multi-millionaire there's a man that was
early 20s I was coaching him on his
social skills and dating life with my
first business called lifestyle
transformations nmber I asked him I said
you know for some of that that myself
that's just getting started on his
journey creating financial wealth and
financial freedom what would you
recommend for someone like myself and he
said have you heard of Robert Kiyosaki
and I said yeah yeah yeah Rich Dad Poor
Dad I read that book they said great I
want you to read all of his books
because if you read all his books it'll
teach me the mindset that you really
need to create financial wealth and how
you think about assets and liabilities
got a lot of really great content that's
explained in a way that's very simple to
understand and he just simplifies
creating wealth in ways that in my
opinion other people do not so highly
recommend his books I'll link to some of
the resources below alright so let me
share with you guys this model here so
this here is what Robert refers to as
the cashflow quadrants
okay this is the cashflow quadrants and
oftentimes what most people start off as
in life is what he calls an e also known
as an employee okay so this is how most
people start off they start off as an
employee when you're an employee you're
working for someone else you got a boss
you know you're essentially trading your
time for money you know maybe you work
40 hours a week and you get paid a
certain amount of money from that the
challenge with being an employee is that
you're going to lack freedom in your
life and that you're not going to be
able to create financial wealth and
abundance oftentimes people that are an
employee they just work at their job
until they're 65 years old at 65 they
retire they get a pension but they're
not really going to create any financial
wealth in their lifetime unless they
start to move to another part of the
quadrant okay so this is how most people
are someone that's an employee they're
they're one of their core values is
security okay because when you're an
employee there's not as much risk
involved you're just getting paid for
the hour you get a salary whatever that
is but in my opinion is actually some
risk involved in this because it's
fairly risky in my opinion being
dependent on someone else like an
employer your job your company that you
work for as your sole means of survival
because at any moment you get fired you
could be out you know in the job market
looking for a new job and sometimes
there might not be jobs available
sometimes the market the economy changes
different sectors and industries
disappear people don't adapt you know
for examples it can be a lot of truck
drivers they're going to be out of work
and a job because they haven't yet
adapted to autonomous cars that are
happening and there's a lot of things
that can change in the future as an
employee you know a lot of people are
getting outsourced now because you can
hire people in other countries much more
inexpensively or you can use software
technology to remove you know someone
from being an employee so there is some
risk in my opinion a lot of risk
actually have you know just having a job
and not being adaptable in some ways
that a lot of people aren't so
start off as an employee the next part
of the quadrant is an S the S is someone
who is self-employed so oftentimes
someone that might start as an employee
they might think well you know I can do
my own business I can do my own thing
and so they quit their job and they
start their own business and now they're
self-employed so now when you're
self-employed the benefit of moving from
an employee to stop employed is now
you're your own boss right so now you
call the shots you're not reporting to
someone else you set your own hours you
have a new level of freedom in your life
and especially if you have an online
business it gives you the freedom at
least to be able to work from home or
just have your laptop or you can travel
different parts of the world go to
Thailand or Bali or someone cool like
somewhere cool like that
and you can work for yourself now ok so
this is the next part of the quadrant
the challenge though with being a
self-employed for a lot of people is
that they're still trading their time
for money ok so they're you know
although they have more freedom now
they're still trading their time for
money just give you like a web designer
for example or a freelancer
or you know someone's providing a
service for someone else you know maybe
you're now you're a plumber or like you
do renovations or whatever that might be
self-employed but you're still trading
your time for money so it's not very
scalable because there's no systems yet
you haven't thought about hiring other
people and outsourcing and removing
yourself from that another way of
looking at X is someone who's solo they
think that they can just do everything
on their own they don't need help they
don't know how to hire they don't
actually know how to run a business
ok and that's key because that's the
next part of the quadrant the next is it
B which is a business owner ok this is a
business operator this is a business
owner this is something that works in
their business this is someone that
works on their business the business
owner is a person that thinks about how
they can remove themselves in the
business they don't want the business to
be totally dependent on them they want a
business so that they create systems
they can bring in employees they can
automate it in ways so that you know
they're not involved in the day-to-day
operations of it like the self-employed
person is
and they're no longer trading their time
for money they can scale because in many
ways it's like you know maybe they open
up multiple shops multiple stores or
they have a team that does everything
for them that gives them the freedom the
time freedom this might give you you
know location independence because you
know and freedom to call your own shots
this is a much higher level of freedom
where you know the business just runs
without you and you collect the passive
income that is then being generated from
that business and because it doesn't
depend on you you have time and then you
can start multiple businesses right you
can open up a new store you can have you
know multiple businesses in different
niches or different sectors as well and
so it creates more wealth more
scalability than an employee or
self-employed ever could okay this is
what you should strive for in any
business that you're in
okay is how you can remove yourself from
that so that it can run without you my
video my business and printing videos is
largely dependent on me right it's I'm
kind of in this area with that also
somewhat in here too okay but it's still
dependent on me I've got a great team
we've got great systems that whatnot
it could still run without me but my
content creation the growth of it would
would still out but I have other
businesses that don't depend on me that
are purely this such as my my books that
I've published on Amazon my Kindle books
that you know I've got a manager that
runs that for me it's just passed an
income that I make from that I've got
software's I've developed I've got an
Amazon business physical products so
I've got things like that that don't
depend on me anyway the reason why I
create videos and content is I enjoy it
I love it if it fills me and you know
you're always going to have to need
something to do with your time but it
doesn't require as much of my time as it
used to because now I've got a team that
supports what I'm doing okay now the
next part of the quadrant is the eye and
the eye is the investor okay the
investor and this is something that
everyone should be whether you're
starting off here you should be striving
you know really it's a transition into
either one of these two but investor
allows you to invest in either real
estate
businesses stocks other means of
creating passive income okay so it's
taking money that you're making saving
it putting it aside and investing it in
someone else's business when you invest
in someone else's business
you have to be involved in the
day-to-day operations of that you don't
have to do the work you're investing in
their expertise their knowledge their
experience you know you can invest in a
Mark Zuckerberg founder of Facebook you
can invent excuse me invest in an Elon
Musk you can invest in a Richard Branson
and these incredible entrepreneurs and
people that you know are much smarter
than you and I by you know choosing to
partner with them and invest in the
businesses that they're running and
operating okay so when you invest in
real estate stocks businesses different
opportunities like that you primarily
want to invest in things that can
provide a passive income for you because
the way you become financially free is
when your passive income exceeds your
expenses so if your expenses your
current lifestyle okay right now let's
say it's $5,000 a month which is $60,000
a year in order to become financially
free your passive income
and again passive income either from
your business or your investments they
can run without you when this exceeds
$5,000 a month or more that's when
you're free that's when you can trust
and depend on this to be able to support
your lifestyle so now you have total
freedom now you don't have to trade your
time for money anymore and when you have
time freedom then you can invest more
this is how the rich get richer and this
is how the poor get poorer so this here
is the poor mentality this is the rich
mentality poor people think about how
they can trade their time for money rich
and wealthy people think how they can
start a business they can create passive
income that can create freedom for
myself that can be scalable that can be
grow about how can I invest my money
into my business into myself into my
knowledge into my into the stocks and
real estate so that I can create passive
income as well if you focus on these
these are the keys to financial
abundance okay and I actually like to
think there's another level one that
Robert Kiyosaki doesn't really share
because most people they start here they
go there they eventually get here and
they eventually just become an investor
it's almost like if you ever watched
Shark Tank
you know the Sharks you know now today
you know they have their own businesses
they run but but for the most part they
just invest in other people other
people's businesses so they're the
Sharks they're the investors or if you
watch Dragons Den and candidate or the
UK it's the same sort of thing and you
can you can you know also start here you
can go from this to this as well you
know there's many ways that going about
it but ideally you just want to be over
here but I think the next level of
creating you know when you create so
much financial freedom and financial
abundance for yourself is eventually
becoming a P which is a philanthropist
you know that's when you're all your
needs are personally taken care of and
yeah and you might get some joy
fulfillment of investing and business
and whatnot but it's when you start to
use the resources you have available to
be able to make bigger changes in the
world
to be able to solve some the world's
greatest problems that could be a Bill
Gates right who you know he's been
through all these and now he's primarily
a philanthropist and his focused on
solving and curing a lot of the world's
biggest diseases in the world and really
making a huge impact by using his his
wealth and his resources that he has
available and as many other examples of
people that are like that but I think
you can also be a philanthropist early
on as well you could start giving good
start contributing because I think
there's a lot of benefit to that where
it teaches you how to be abundant it
teaches you to not have scarcity in your
life around money and finances and it
also leads to a level of fulfillment and
happiness unlike anything else I think
what are the reasons why some of the
wealthiest people in the world
eventually become philanthropist is
because this will only fill you up so
much in terms of happiness joy
fulfillment
it still could be somewhat focused on
your own needs in a big way whereas this
is purely focused on serving the world
on a much bigger way and when you do
that you get outside the self when you
get outside yourself it leads to deeper
levels of spiritual happiness if film it
unlike anything else so I like to think
there's another level to that this is
you know the way that I look at things
but this is the cash flow quadrant and
by the way he's got a book Robbie
Kiyosaki called the cash flow quadrant
so I recommend that book read Rich Dad
Poor Dad first then read cashflow
quadrant he's also got a board game by
the way called cash flow which I've got
somewhere here I played it a few times
there's a lot of fun that teaches you
about the mindset of money and wealth so
hopefully this can really benefit you
guys and help you think more the rich
mentality how you can be a business
owner how you can be an investor at
least Trane's you know hopefully
eventually transfer from an employee you
know but not that there's anything wrong
with being employee you know in the book
Rich Dad Poor Dad Robert Kiyosaki says
his Poor Dad
was a teacher you know and you know he
was never rich but you know he enjoyed
what he was doing and so there's some
people that don't care about financial
wealth they don't care about financial
abundance and that's fine you know if
that's you watching this video right now
then
yeah if you love your job and you don't
care about becoming wealthy then this is
not going to be really that applicable
to you but if you do want to create
wealth if you want to create financial
freedom then in my opinion you just
can't do it as an employee you know even
if you get you become a CEO of a company
in some way you make a great salary
you're still trading your time for money
there's a lot of stress associated with
that and what's more important than
money is time
freedom I think ultimately that's what
you're making money for so hoping this
can help you guys if you guys want to
learn more about how to start a be an
ass or a be an online business for
example then I've got a free course that
I can share with you guys if you go to
www.hsn
I'll send you to seven different ways
that I make money online
where I go over each of the different
online business models and detail and
walk you through affiliate marketing
information products physical products
on Amazon blogging Kindle publishing
different ways for you to get started if
you're brand new to building an online
business making passive income so they
can hopefully support and pay for your
lifestyle so that you can become
financially free so I'll link to that
below in the description of this video
or go to project life mastery com slash
free course but I want to thank you guys
for watching hopefully you enjoyed it
and I look forward to seeing you again
in the next video
take care
you
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