“Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.” ~ Robert T. Kiyosaki, Rich Dad, Poor Dad
The path to becoming financially successful is long and confusing. It is hard to know what to do or even how to get started. That is why Robert Kiyosaki wrote the book “Rich Dad Poor Dad” to teach readers what he learned from his educated dad and his successful dad. In that book, Robert lists 10 steps he recommends to find wealth. These methods will allow you to grow in ways you never thought possible, and will show you that you have to power to achieve all of your goals.
Step 1: Find A Reason Better Than Reality: The Power of Spirit
The first step is to discover your true wants and don’t wants. Why are you working so hard? What do you want to avoid the most in the future? List 5-10 things you wish for the future, and 5 – 10 things you want to avoid. Use this list to motivate you and keep you focused during your future expenditures.
Step 2: Make Daily Choices: The Power of Choice
The power of choice allows you to make decisions that will further you and your business. You can choose to invest in your education, not just college, but online courses, books, and seminars that will amplify your skills in finance, business, and leadership. You have to power to choose to keep your mind open. If you come across strange or different ideas, don’t shy away from them, but instead lean into and get excited to learn something new. Listening holds higher importance than talking. When you open your mind to new things, you only grow smarter.
Step 3: Choose Friends: The Power of Association
The power of association means that you should take special care of who you surround yourself with. Join groups with people with whom you can learn and grow. Avoid following the crowd; many fearful people will advise against taking risks because they are too scared themselves. It may come from a place of care, but learning to take and manage risks is a secret to success that many won’t acknowledge.
Step 4: Master A Formula, then learn a new one: The Power of Learning Quickly
The power of learning quickly greatly depends on what you wish to become. If you want to become an investor, study it. If you want to become an entrepreneur, study it. Anyone can learn anything, so if you wish to become an expert in your field, you become what you study. When it comes time that you are bored with what you are studying or just want to take a new path, then just change the formula. In the world of technology, you can become anything.
Step 5: Pay Yourself First: The Power of Self-Discipline
The power of self-discipline is a test of your will. If you want to get ahead financially, you have to control where and when your money goes. Focus on the 3 most important management skills: managing cash flow, managing systems, and managing people. Avoid consumer debt, and if you find yourself in it, create a plan to get your debt to 0 as fast as possible. Don’t dip into your savings unless necessary. (Your future self will thank you.) You should use your savings to create more money, not for bills. If you can learn to pay yourself first through investments and restrain valueless spending, your financial success will flourish.
Step 6: Pay Your Brokers Well: The Power of Good Advice
The power of good advice is essential if you wish to live your life away from the constant grind and hustle. Your brokers are your scouts in the stock market, so that you can do more important tasks. Consultants are an amazing way to find the information that you need. Find someone who has successfully done what you want to do and have a conversation with them. You will learn exponentially faster by talking to someone else rather than trying to do everything by yourself.
Step 7: Be An Indian Giver: The Power of Getting Something For Nothing
The power of getting something for nothing is a cheat code for success. In terms of investing, this means putting money into the investment, waiting, and then deducting the initial amount. Now, everything you earn from that point on is generated without you losing any money. Of course, this takes time and knowledge to master, finding the right investments, but once you do, you will experience incredible success.
Step 8: Use Assets To Buy Luxuries: The Power of Focus
The power of focus ties into the power of learning quickly. You can learn anything, but if you try to learn everything all at once, you will end up mastering nothing. It is important to focus on a few tasks so that you can make real progress before moving on. If you wish to be wealthy, you must learn to make your money work for you so that you don’t have to work for money. This path is confusing a difficult in the beginning, but once you have skin in the game, you will see how exciting it can be. Always remember, the hard path often becomes easy.
Step 9: Choose Heros: The Power of Myth
The power of the myth is the simplest, yet most overlooked step. Find a mentor. Whether it be someone you know who has gone down a similar path or someone rich and famous that you wish to emulate, you should study these figures and try to get in touch with them. A mentor will guide you where other forms of education can not.
Step 10: Teach And You Shall Receive: The Power of Giving
The power of giving will fill your emotional and financial buckets well. As Robert states, “Whenever you feel in need of something, give what you want first and it will find its way back to you.” Another way to experience the power of giving is by teaching. If you share your knowledge with others online, with your friends, or with your family, you, in return, will also gain a deeper understanding of that topic. It is often true that the person who learns the most in a room is the teacher.
Summary:
These 10 steps will nearly guarantee you financial success, whether you wish to be fabulously wealthy or just financially free. Write these down somewhere you will see them often, and remind yourself of your goals and how to use these tools to achieve them. Interestingly, these methods will increase your emotional well-being by decreasing your stress over financial matters and connecting you with like-minded people. As you look over these steps, think about how they fit into your life and how you can take better advantage of them.
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