Today's recommended book is a classic in its field, so it is now a world bestseller and anyone interested in studying finance or anything like that should own a copy of Rich Dad Poor Dad.
The edition I have is a book that was published in the 2000s and has been around for 21 years.
Now, the 10th anniversary edition has been released, so those who are interested can see it as the 10th anniversary edition.
What I really felt sorry about while reading it was that no one understood what Robert Kiyosaki had been saying since long ago.
I've read all of Robert Kiyosaki's books, but I don't think I really understood what the two people were really talking about.
Because at that time, I didn't have the opportunity to meet Robert and his rich dad like a dog, so I didn't know how they thought differently, how they acted differently, and how they felt differently, so it was just a very superficial, superficial reading.
Now, I'm really a robot teacher.
What did Ki say and after I started YouTube, I realized what this really meant and even though I majored in business administration, I can't do this balance anymore.
I really understood Masanori Ganda and only after I started investing did I realize, "This is business.
" And only after I started investing, did I realize, "What does it mean to live as an investor?" And I think I understand a little bit what the robot teacher meant when he said, "You can never achieve mental freedom and economic freedom as a salaried worker or a self-employed person.
" So I'm going to start a flower book salon and a Templeton youth book salon for our children.
The reason is that I've been looking for a way to learn these things properly, but I haven't had the opportunity to learn about money, true values, the relationship between money and the subconscious, and how to read the game in the world, and how to move in this environment called capitalism where we have no choice but to live, and how to truly secure mental and economic freedom.
So I feel like I've been spending too much time going around and around.
So while submitting, The reason why I emphasize the balance of the study of the mind of the sky, the study of the earth, the study of love of the 2000 acquaintances, is because I have lived this much of my life.
I think that, like the Jews who start economic education from 8 months after birth, integrating the three of us - physical age, mental age, money age, and economic age - is the wisdom that can prepare for the future and for our old age.
So, I am emphasizing the study of the mind through the book Chunam.
Today, Robert Kiyosaki's Robert Kiyosaki's memories, but a book that tells the uncomfortable truth, Rich Dad, Poor Dad, let's start.
The table of contents is as follows.
Preface Schools do not teach what the rich know.
Part 1.
The path that the rich take.
The path that the non-rich take.
Part 2.
Six lessons to learn from the rich.
Lesson 1.
The rich never work for money.
Lesson 2.
Why do the rich teach their children about money? Actually, it was a government project, the presidential office's small project.
Bizschool is not for youth.
1%.
So, the entrepreneurship program is a window size program.
As a researcher, I used to write the textbook together with Deka Na or Junior Order Tran, which is a really great economic organization in the United States.
I also did related work there.
Ah, it's already the early 2000s, but I think there are very few places that teach the most important thing, the mind 3 about money, and practical skills that are still being properly taught economics.
That's why I'm going to start the Youth Money Book Salon, the Economic Book Salon, and the Investment Book Salon again at the Chunam Butterfly School.
The third is that rich people don't work for others, but do business for themselves.
This is because I actually run a YouTube channel myself and I understand what this is really about.
The fourth is that rich people work on the principles of taxation and the power of corporations.
Most people don't know this, but these days, you can learn a lot about these things through YouTube, so I'm bringing it up again and I'm making up my mind that I also need to study more.
The fifth is that rich people make money.
The sixth is that rich people don't work for money, but for learning.
Ah, what this is really about? We need to educate our children from an early age, and I'm going to Investment Youngjae School Now that we have been running it for a long time, the children always have 1 pattern book.
It is out of print now, but it is well drawn.
Rich Dad, Poor Dad, Many Version.
Now, we have made it into a textbook, and we are going to start the Youth Book Salon again and do it together.
Part 3.
Things you still need to know to become rich.
5 reasons why people do not become rich and 10 strengths you need to have to become rich.
Some more tips you still need to become rich.
In conclusion, let's not play it safe, but be smart.
Let's prepare children for the world.
Translator's Note: It is like this.
I think the 10th anniversary edition will have a different table of contents.
Oh, and please refer to that.
Preface Schools do not teach what the rich know.
4 Take a look at your education.
Oh, have you ever learned about money properly? Robert Kiyosaki talks clearly in another book.
Two things the rich never teach the common people.
First, financial intelligence.
Second, subconscious intelligence.
So, I recommend the book, Rich Dad's Child Education Method.
It is also linked to Chunam.
Regarding the subconscious, if you refer to How to Use Luck and Lucky Rabbit, you can teach children very, very practically.
Moreover, since the 4 2 Clover flowerpot sells directly for 6 years old, it is low.
While writing a book, Kakao Project 100 is currently conducting a free school with 101 certification every day.
When we really understand these principles with children, we should be able to teach the curriculum that says that Jinwoong Jin's subconscious intelligence Jackie Nam is a genius.
I thought that I was also telling my son what my parents used to tell me.
The world is only changing.
What parents say has not changed.
The days when success was guaranteed by getting a good education and getting good grades have passed.
And no one seems to realize it.
But our children knew.
Is the school properly teaching our children about the real world they live in? This book was first published in 1997, so it's already been over 20 years.
But it doesn't seem to be much different now.
If I study hard and get good grades, I can get a good job.
My parents told me that.
Their goal in life was to send my sister and me to college so that we could succeed in life.
I think it would be right to say that the two of them, Alo Boat Teacher, wrote the book.
Sharon Raitt, a very famous co-author, gave it to me.
She is a very good writer.
She is an accountant herself and also wrote Napoleon Hill's book, You Will Win in the End.
I graduated from college in 1976.
I majored in accounting at Florida State University, where I was almost at the top of my class and graduated with honors.
And my parents achieved their goals through me.
That was the greatest achievement of their lives.
After graduating, I got a job at a famous accounting firm according to my grand plan.
And after building a great career, I planned to retire early.
My husband, Michael, followed a similar path.
We both came from solid, hard-working, middle-class families.
My husband also graduated with honors from college.
He graduated from two universities.
First from an engineering school and then from a law school.
My husband specializes in patent law.
I was hired by a leading law firm in Washington, D.
C.
Now my husband's beloved 8 was visible and I thought I could retire early after working at a good company.
However, although our careers were successful, the results were somewhat different than expected.
We both got promoted several times, but our pension plan for K Zico was not guaranteed.
Our retirement is just water making its own efforts.
My husband and I are happily married and have three wonderful children.
As I write this, two are in college and one is just starting high school.
We put all our efforts into making sure our children get the best education possible.
One day in 1996, one of our children came home from school with a disgruntled look on his face.
He was losing interest in his studies.
Why should I waste my time studying things that I can't use in the real world? He grumbled.
Do you remember this content? The late world-renowned futurologist Alvin Toffler came to Korea in 2007 and said that Korean students are wasting more than 15 hours a day at school and academies to learn knowledge that will not be needed in the future.
Now that the industrialization era has passed, the era of somehow nurturing industrial talents has passed.
I talked about it and it's already been 14 years, and the current education system is not keeping up.
That's what Robert Kiyosaki always says.
It can't be helped because the pace of change in education is the slowest.
And it takes 50 years for policies to change, so we really have to find another way.
That's what I keep saying in the book, Bisque.
I really hope that we can give our children the gift of lifelong education institutions where they can acquire the skills and wisdom to live freely and fully, and such education at an early age.
I hope we can dream about it together and make it a reality.
The reason I keep inviting you like this is because I believe that a new education that can complement and integrate this kind of education is being attempted.
As I introduce the book today, I feel that I myself have been talking about this very repeatedly.
I think it's because I feel it so desperately.
Everyone, a new integrated education for a new era.
I don't think it's time to divide it into public education and private education in a binary way.
I think the key is whether we can prepare and realize the reality by providing proper content in an integrated manner for our future generations and for ourselves.
In response to my son's question, I Without thinking, I answered like this because if I don't get good grades, I won't be able to go to college.
The child answered, "I'll go to college and I'll go and I'll be rich.
If I don't graduate from college, I won't be able to get a good job.
" I answered, embarrassed and worried.
And if I can't get a good job, how can I be rich? The son smiled slyly and shook his head with a somewhat bored expression.
We've had that conversation many times.
The boy lowered his head and rolled his eyes.
With his mother's wisdom, 1 My story became the 3rd period of the 1st century again.
The son was stubborn and smart, but he was always polite and respectful.
The mother opened her mouth.
This time, it was my turn to listen to my son's nagging.
Keep up with the times.
Look around you.
The real rich people didn't get rich because they were well-educated.
Look at Michael Jordan and Madonna.
Bill Gates dropped out of Harvard and started Microsoft.
He's now the richest man in America, and he 's still in his early 40s.
There's a baseball player who's said to have mental problems, but he makes over $4 million a year.
There was a long silence between us.
Gradually, I realized that my parents were repeating to my son what I had said.
The world has changed, but what parents say has not.
The days when getting a good education and getting good grades guaranteed success are over.
The line from this medicine was reorganized.
5 4 A friend sent me a Chuseok greeting a few years ago.
The Chuseok greeting was like this.
The world where you succeed through studying is over.
The answer is a lot of lottery.
The forest opening was sent.
My friends who became dentists and lawyers and professionals also looked back on it easily.
When I look back like this, I think this era has really passed.
The era where you succeed through studying is over.
Ah, but now in Korea, when we talk about what other paths there are, in the past, it wasn't easy to find things that could support that.
But now, what I can tell you is the entrepreneurial spirit.
Now, we live in an era where starting a business is not as risky as it used to be.
YouTube is also a type of business, so entrepreneurship education is a really good tool to explore the field you like without capital or risk.
I was an admissions committee member at Harvard Kennedy School, and now I'm on the YouTube channel at Camode.
There are aspects that are looked at with organized specifications, and since studying investment takes a long time, the answer is to start early.
So, before children enter society, during that period, they learn about investment and negotiation, and it covers almost all fields, so when making an investment, you need to know the macro 1 economic situation, micro 1 economic feasibility, and the deep psychology of humans, and the ability to read the flow.
Harvard also emphasizes negotiation education and makes it strong.
The reason is that training in values that can truly create synergy, training in communication, training in persuasion, and training in an attitude to live in the world without conflict are integrated, so when you submit it, it is considered the flower of education, and so now, starting with this Harvard negotiation book salon, we are continuously creating these educational contents together with you according to your requests.
Well, when success was guaranteed by receiving a good education and getting good grades, it was close.
And no one seems to realize it, but our children knew.
Mom, my son said again.
I don't want to work hard like Mom and Dad.
Mom and Dad make a lot of money, and thanks to that, we live in a big house with lots of toys.
I heard Mom say.
If you listen to me, I will become like that.
I will work harder and harder, but I will pay more taxes and get into debt.
There is no stable job anymore.
I know about restructuring and rural reductions.
I also know that college graduates these days earn less than graduates in the past.
Look at doctors.
They don't make as much money as they used to.
Korea is also reflecting this trend exactly.
Even the most popular doctors are talking about 300 million won.
Of course, there are some who are more excellent, but it is not the case as it used to be.
The same goes for lawyers.
Now, you can't rely on social security or company pensions.
I need a new answer.
Oh, you are a really smart son.
That was right.
He needed a new answer.
And so did I.
Our parents said, "This story may be true for those born before 1945.
But it can be terrible for us who are born in a rapidly changing world.
I can't tell my children this anymore.
Go to school and study hard so that you can find a safe and stable job.
" At that very moment, I had to understand and use the situation.
I had to find three ways to guide my children's education.
As a mother and an accountant, I was concerned that our children were not getting enough education about finances or civics in school.
That's true in the US, of course, and it's true in Korea, too.
These days, many kids are getting credit cards before they even graduate from high school, and yet they are not getting any education about money or how to invest.
Not to mention how compound interest on credit cards works.
Simply put, without any knowledge about finances and money, we are not preparing our children for the real world.
In the real world, spending is emphasized more than saving.
My eldest son got into a lot of debt with his credit cards when he was a freshman in college.
At that time, I tried to get rid of his credit cards and also find a program that could help my children learn about money.
One day last year, my husband called me at the office.
He said, "There's someone I want you to meet.
His name is Robert Kiyosaki.
He's a businessman and an investor.
He's currently applying for a patent on an educational product.
I think this is what you're looking for.
" There are different rules for money that the rich follow and different rules for money that the not-so-rich follow.
It's really different.
Robert's main interest is in the US and around the world, and it's becoming more and more common.
The gap between the rich and the poor was widening.
Robert, who became an entrepreneur on his own and traveled the world investing, was able to retire with 47 rice.
The reason he ended his retirement was the same reason I worry about my children.
He knew that education has not changed even though the world has changed.
Robert thinks that children spend years in an old education system studying things that they will never use, preparing for a world that does not exist.
It's the same as Alvin Toffler.
The most dangerous advice we give children today is this: Go to school, study hard, and find a stable job.
This is very old and bad advice.
What is happening in Asia, Europe, and South America right now? If you knew that, you would be worried like me.
The reason I think it is bad and good is because children have to throw away the old rules to buy a financially stable future.
Those old rules are very dangerous.
I asked.
What do bright rules mean? People like me play by different rules than others.
Robert said.
What if a company announces a restructuring? People will lose their jobs.
I said.
Families will be hurt and unemployment will increase.
Yes.
But what about the company? Especially a public company with a listed stock.
The stock price goes up.
I said that when a company reduces labor costs through automation, the market welcomes it.
That's right.
Robert said.
And when the stock price goes up, people like me, the shareholders, get richer.
That's the other rule I mean.
Employees lose and business owners and investors win.
What Robert was talking about was not only the difference between employees and business owners, but also the difference between taking control of your own destiny and leaving your destiny to someone else.
But most people don't really understand why that is the case.
I said that people just think it's unfair.
That's why it's foolish to tell kids to come here and get a good education.
Robert said that it's foolish to think that school education will properly prepare kids for the world they're going to face after they graduate.
Kids need more education.
It's a different kind of education than the general education.
And kids need to know the rules other than what they're taught in school.
Different kinds of rules.
There are rules about money that the rich follow, and there are rules that most people who aren't rich follow.
Robert continued.
And most people who aren't rich learn those rules at home and in school.
That's why it's dangerous to tell kids to study hard and get a good job.
It's dangerous to tell kids to get new education.
We need to get a lot of it, and the existing system doesn't provide this education.
I don't care how many computers they put in the classroom or how much money the school spends.
How can the education system teach kids things they don't know? So how can parents teach kids things that the school doesn't teach them? Should we teach kids two things in accounting? Won't the kids show up? And how can risk-averse parents teach the principles of investing? I decided that instead of just teaching kids to play it safe, it would be much better to teach them to play smart.
So how do we teach kids about money and all these other things we've been talking about? I asked Robert.
How can we make it easy for parents who don't know much about it? I wrote a book about it.
Robert said, "I have the book on my computer.
It's been in there for a long time, in pieces.
I've added to it from time to time, but I haven't put the pieces together.
I started writing it after another book I wrote became a bestseller.
But I haven't finished the new book.
It's just tactile writing.
That's true.
After reading the scattered pieces, I thought that if there was something in it, it would be worth publishing.
So we put Robert's book together.
I agreed to write it.
It is a legendary meeting.
It has become a book that goes into the New York Times's three best points in history.
So, this is the opening ceremony of the book by Chunam.
Always, first, I accurately overview the entire book and its intentions with a head-scratcher, and then fly to the conclusion to figure out whether the conclusion is a business conclusion.
Then, I look at the table of contents and gradually conquer the field of interest.
The conclusion is that money should not be kept safely, but rather kept smartly.
The idea that you need money to make money is the idea of people who are not financially smart.
They just haven't learned the science of making money.
Money is just an idea.
Learn how to make money work hard for you.
Now, don't be safe, be smart.
At the end of this book, I would like to offer one last idea.
My main purpose in writing this book is to show that increasing financial intelligence can solve many problems in life.
We often lead our lives using the standard formulas we learned in school without any training in money.
For example, work hard, save, borrow, and pay a lot of taxes.
However, we need better information today.
I will give you the final example of the financial problems that many young families face today through the following story.
How can Can you provide a good education for your children and prepare for your own retirement? This is an example of using financial intelligence instead of hard work to achieve the same goal.
A friend of mine was struggling one day.
He was worried about how hard it would be to save for his children's future college education.
He was putting $3,100 a month into a mutual fund and by that time he had saved about $12,000.
He estimated that he needed $400,000 to send his children to college.
He had been digging his way up for 12 years and his margins were six.
It was 1991 and the real estate market in Phoenix was a mess.
Everyone wanted chips.
I wanted him to buy a house on purpose by sending him some mutual fund money.
He was intrigued by the idea and we started discussing the possibility.
His biggest concern was that he wouldn't be able to get a bank loan to buy a new home because he already had another loan and his credit was limited.
I told him that there were other ways to buy real estate besides a bank.
We looked for houses for two weeks.
Luckily, there were a lot of houses we looked at, so it was quite fun.
Finally, we found a 3 bedroom, 2 bath house in a clean neighborhood.
The owner had been laid off and needed to sell the house quickly because he had to move his family to California where his new job was.
The owner wanted $102,000, but we offered $79,000.
The owner accepted right away.
The house had what is called a B-qualification, which means that even unemployed people without a job could buy the house without a bank approval.
The owner was offering $72,000, so my friend only had to put up $7,000.
That $7,000 was the difference between the owner's deposit and the sale price.
As soon as the owner moved out, my friend put the house on the market.
After deducting all expenses, including the mortgage, he put about $120 a month in his pocket.
His plan was to hold the house for 12 years and pay off the mortgage faster.
So for $125 The idea was to pay off the principal each month with rent.
We calculated that after 12 years, most of the mortgage would be paid off and by the time our oldest child went off to college, we could have netted $800 a month.
He could have sold the house if prices went up.
In 1994, the real estate market in Phoenix changed suddenly, and he got an offer from a tenant who had grown to like the house while living there for $156,000.
This time, he asked me what I thought.
I said, of course, sell.
Suddenly, he had $80,000 to play with.
I called my friend in Austin, Texas, and asked her to invest her tax-deductible money in a mini-warehouse joint venture she was building.
Within three months, she started receiving checks for about $1,000 a month, and she put that money back into mutual funds to help pay for her children's college tuition much faster than before.
When the mini-warehouse was sold in 1996, my friend had nearly $330,000.
He received a check.
The money was invested again in a new business, and now the monthly income of more than $3,000 is going back to his children's college tuition.
He is now confident that his goal of $400,000 is easily achievable.
And it all started with just $7,000 and some financial intelligence.
His children will be able to get the education they want, and he will even prepare for his retirement with the seed money invested from a company called C.
Because of this successful investment strategy, he will be able to retire early.
These days, there are people who are called FIRE-like and live frugally in order to retire early.
I think it is a very desirable way, and I am talking about applying the FIRE-like method together now.
Thank you to the readers who read this book.
I hope this book will help us learn how to make money work for us instead of becoming slaves to money.
Today, we need higher financial stocks even for survival.
The idea that you need money to make money is the idea of people who are not financially smart.
That does not mean they are not intelligent.
They just need money.
You just haven't learned the science of making money.
Money is just an idea.
If you want more money, you have to change your thinking first.
That's why I'm focusing on the book Chunwan Money Book Salon, the philosophy of money, the relationship between help and the subconscious, and these things.
Anyone who has made a fortune starts with a small idea and turns it into something big.
The same goes for investing.
You can start with just a few dollars and make it into something big.
Too many people spend their whole lives chasing after something big or trying to save a lot of money and jump into something big.
But in my opinion, that's foolish.
I've seen many unsmart investors put in a lot of seed money and lose it quickly.
They may have done well at work, but they didn't invest well.
Education and wisdom about money are important.
Start early.
Buy books, go to lectures, practice, and start small.
It didn't take me 6 years to grow $5,000 in cash to $1 million, and make a cash flow of $5,000 a month.
But I started studying when I was young.
I encourage you to learn and study.
It's not that difficult.
In fact, it's easy once you get a taste of it.
Sit down.
Because of this, I can't keep my spine straight.
I will continue to tell you now that big names like Jinro Juice are continuing to warn you about the Great Depression, and at the same time, you can endure the extreme time with a safe asset like Noah's Ark, and at the same time, you can use your seed money, which is money that you can eat and live on, and nothing else.
It's easy to say that it's preparing bullets.
Then, invest your current time and focus on studying the same thing.
That's why I started the Templeton Practical Investment Book Salon again this time.
4 I think the story was sufficiently conveyed.
What's in your head determines what's in your hand.
Money is just an idea.
Think about it and you will become rich.
There is a wonderful book called Think and you will become rich.
The Korean translation is My Dream, My Life, which you don't want to miss.
The title of the book is not "Work Hard and Become Rich" but " Learn how to make money work hard for you".
Then, your life will be easier and happier.
Now, don't play it safe, learn smart.
5 reasons why people don't become rich.
Even after studying and becoming financially literate, they may encounter obstacles and fail to become financially independent.
They are trapped in financial knowledge for 5 basic reasons, but they are rich.
There are five reasons why people don't develop their assets, which would generate a lot of cash flow and give them the freedom to live the life of their dreams, when they wouldn't have to work all day and pay their bills.
Here are five reasons why they don't: 1.
Fear 2.
Cynicism 3.
Laziness 4.
Bad habits 5.
Lots of them.
Now let me give you the mental attitude.
The first reason why people don't get rich is the fear of losing money.
I've never met a person who liked losing money.
And I've never met a person who didn't lose money in their life.
But I've seen a lot of poor people who have never lost money, so they've never invested.
The fear of losing money is a real problem.
Everyone has it.
The rich have it too.
But it's not about being rich.
It's about how you deal with fear.
It's about how you deal with losing.
It's about how you deal with failure that makes the difference in your life.
This applies to everything in life.
It's not just about money.
The fundamental difference between rich and poor people is how you deal with that fear.
It's okay to be afraid.
It's okay to be a coward about money.
We can still be rich.
We're all heroes in something and cowards in something else.
My friend's wife is an ER nurse.
She takes action when she sees blood.
But she runs away when she hears me talk about investing.
I don't run away when I see blood.
I just faint.
My rich dad understood the fear of money.
Some people are afraid of snakes.
Some people are afraid of losing their warmth.
You could call it the fear of hot chicken.
That's what he said.
So his solution to the fear of losing money was this little verse: If you hate risk and worry, start early.
That's why banks recommend that you develop the habit of saving when you're young.
If you start young, you can easily get rich.
I do n't want to go into detail here, but there's a big difference between someone who starts saving at age 20 and someone who starts saving at age 30.
A very big difference.
It's often said that one of the wonders of this world is the power of compound interest.
The purchase of Manhattan Island was one of the greatest deals in history.
The purchase price of New York was $24, paid by you and me verbally.
But if that $24 is invested at 8%, In 1995 it would have grown to over $28 trillion.
With that money, you could buy a lot of money in LA after buying Manorton.
My neighbor works for a famous computer company.
He has been with the company for 25 years.
He will leave the company in 5 years with a $4 million pension.
The money is invested mainly in mutual funds with a high-ranking person, and he plans to convert it into corpus and government bonds.
He will be only 55 years old when he leaves the company, and he will have a cash flow of over $300,000 a year, which is more than his salary.
So even if we are afraid of losing money and taking risks, this Hilton is possible.
But you have to start early and definitely plan for retirement.
And hire a financial consultant you can trust and invest according to his advice.
But what if you don't have much time left or want to retire early? How do you overcome the fear of losing money? When I was a kid, my dad did n't do anything.
He just avoided the issue and tried not to talk about it.
On the other hand, my rich dad said that I should think like a Texan.
I grew up in Texas and 104 3 He liked people.
He often said that in Texas, everything is bigger.
When Texans win, they win big.
And when they hit, they lose big.
So do Tactics like to lose? I asked.
That's not what you meant.
No one likes to lose.
Rich dad said.
What I'm talking about is the way Texans deal with risk, reward and failure.
They live their lives big.
They don't live their lives like roaches when it comes to money.
Cockroaches are afraid of someone shining a light on them.
When the grocery clerk gives them one less coin, they don't have two.
Rich dad continued his explanation.
My favorite thing about the Tactics is their attitude.
They brag when they win and brag when they rest.
Texans say, " If you want to be broke, go big.
" They won't admit that they're broke because of petty things.
But most of us are so afraid of losing that we don't even have the resources to do it.
Rich dad often told Mike Hannah that the biggest reason people don't succeed financially is because most people play it too safe.
People say that they don't have the resources to do it.
They are so afraid of losing that they end up losing.
A famous NFL quarterback, Fren Taketa, put it this way.
Winning is not being afraid of losing.
I have found in my life that winning usually comes after losing.
I had to fall over many times before I learned how to ride a bike.
I have never seen a golfer hit the golf ball more than once.
I have never seen a person fall in love without having a heartbreak.
And I have never seen a person become rich without losing money.
That is why most people do not win in money matters.
The pain of losing money is much greater than the joy of becoming rich.
The Texans also say that everyone wants to go to heaven, but no one wants to die.
Most people dream of becoming rich, but they are more afraid of losing money.
That is why they never go to heaven.
Rich Dad used to tell Mike Hana a story about his time in Texas.
If you really want to learn how to take risks and deal with failure, go and visit the Alamo after you have been there for a long time.
The Alamo is a great story about a group of men who decided to fight.
They faced a formidable enemy and had no hope of victory.
They knew there was no such thing, but they chose death over hanbok.
It's a good story worth studying.
Of course, it was a tragic military defeat.
They ended up getting kicked in the butt.
In a way, it was a failure.
They were rowing.
But how do Texans deal with failure? They still shout this.
Remember the Alamo.
Mike Hana heard that story a lot.
Rich dad used to tell that story when he was nervous about starting an important deal.
When he had done everything he could and now it was just a matter of results.
He told us that story.
Whenever he was afraid of making a mistake or losing money, he told that story.
Rich dad got strength from that story.
When he told that story, he could always think of turning a financial loss into a financial win.
Rich dad knew that failure only made him stronger and smarter.
It was n't that he wanted to lose.
He just knew who he was and how to take a loss.
He turned his loss into a win.
So he became a winner and others became losers.
So he bravely crossed the line and others backed down.
That's why I'm a Texan.
They love people so much.
They make a lot of money by turning big failures into tourist attractions.
But the words he said that mean the most to me today are these.
Texans don't bury their failures.
They get strength from them.
They learn from their failures.
Texans use their failures as a mirror to win.
But that's not just the Texan way.
That's the way all wins are for me.
I said earlier that falling off my bike was part of the process of learning how to ride a bike.
Likewise, I remember that falling off my bike made me want to learn more about riding a bike.
I didn't stop learning how to ride a bike because I hurt my knee from falling.
I also said that I've never seen a golfer who never lost a ball.
To become a top-class professional golfer, losing a ball or a game makes a golfer better, makes them practice harder, and makes them study more.
That's why they have to become better players.
For winners, losing gives them strength.
For winners, losing drains them.
John D.
Rockefeller once said, I always try to turn terrible failures into opportunities.
And as a Japanese-American, I can say this.
Many people Many say that Pearl Harbor was an American mistake, but I say it was a Japanese mistake.
If you watch the movie over and over again, you will see a gloomy Japanese admiral attacking Pearl Harbor and ecstatically cheering his men on.
Perhaps we have awakened a sleeping giant.
Remember the words of Lee Woo-jin, which became an American slogan.
This turned one of America's greatest defeats into a victory.
The colossal failure empowered Americans and America emerged as a world power.
Failure empowers the winners, but failure is a burden to the losers.
This is the greatest secret of winners.
This is the secret that losers don't know.
The greatest secret of winners is that failure stimulates victory.
That's why they are not afraid of failure.
Again, the words of Frenta Celtic.
Borrowing is not afraid to lose.
The reason people like Trent Kent are not afraid to lose is because they are good at it.
They hate losing.
So they grow up thinking that losing is just a force to get better.
There is a big difference between hating losing and being afraid of losing.
Most people are so afraid of losing money that they lose money.
The law of focus gives them the ability to do what they do.
They live too safely and too little.
They buy big houses and big cars but don't make big investments.
The reason why over 90% of Americans struggle financially is because they don't want to lose.
They don't want to win.
Where is the focus? They go to a financial professional, an accountant or a stockbroker and buy a balanced portfolio.
Most of them put a lot of cash, CDs, low yield bonds, safe mutual funds and a few individual stocks.
This is a safe and sensible portfolio, but it is not a winning portfolio.
Don't get me wrong, that is the portfolio that over 70% of the population uses.
A safe portfolio is much better than no portfolio at all.
Better This is a great portfolio for someone who likes to be safe.
Having a balanced rich portfolio while being safe is not the way successful investors play the game.
If you don't have much money and want to get rich, you should pursue focus rather than balance.
If you look at successful people, you can see that they didn't build a balanced portfolio from the beginning.
Balanced people don't get any results.
They stay in one place.
In order to move forward, you have to break the balance first.
Think about how you learned to walk.
Thomas Edison was not a balanced person.
He was a focused person who focused on one area.
Billy Chi was not a balanced person either.
He was focused.
George Soros was focused.
George Patton didn't use his tanks widely.
He focused on one area and attacked the weak points of the German lines.
The French kept the Maginot Line wide.
Look at what happened.
If you want to get rich, you have to focus.
Put all your eggs in a few baskets.
Don't do what the poor and the middle class do.
Put all their eggs in a few baskets.
If you don't want to lose, know it's safe.
If losing makes you weak, know it's safe.
Invest in a balanced way.
If you're over 25, If you are afraid of taking risks, don't change, know how to play it safe, but start early.
Build your nest egg early because it takes time.
But if you have a dream of freedom that you want to tell in the main race, ask yourself the following questions first.
How do I react to failure? If failure gives you the power to win, then maybe you will do it.
But only maybe.
If failure weakens you or makes you whine, then you are like the foolish ones who call a lawyer and prepare a lawsuit every time something doesn't go their way.
Then play it safe.
Keep doing what you do during the day.
Or buy bonds or mutual funds.
But remember, there are risks in those financial products.
Of course, they are safer.
The reason I always mention Texans and Frenta Tents is because it is easy to build up your assets.
In fact, it is not a game that requires special talent.
It does not require much education.
A 5th grade level of math is enough.
However, building up your assets is a game that requires attitude and mindset.
It requires guts, patience, and a great attitude toward failure.
Losers avoid failure.
But failure turns losers into winners.
Remember the Alamo.
The second reason people don't get rich is cynicism.
The sky is falling.
The sky is falling.
Most people know the story of the little chick who went around the farm warning of an impending doom.
We all know people like him.
But each and every one of us has a little chick inside of us.
And as I said, the cynic is actually a little chick.
We all have a little chick when our thoughts are clouded by fear and doubt.
Peter Lynch, who runs the famous mutual fund Magellan of Fidelity 4, calls the warning of the sky falling noise.
And we all hear that noise.
At the end of the book, The Ugly Duckling, which tells me that it is the babbling of the ego.
Cynicism is caused by doubt and fear.
Cynics criticize, winners analyze.
Rich dad liked to say that.
Rich dad explained that cynicism blinds and analysis opens the eyes.
Winners use analysis to break down cynicism.
When the wise are blind they see the opportunities that others miss And finding what others miss is the key to all success People who criticize without analyzing are the ones who do not open their eyes and close their hearts with doubt and fear Rich dad showed me how to see a little chick The cancer can be like Colonel Sanders He lost his business at the age of 66 and started living off Social Security But that wasn't enough He traveled the country selling his own fried chicken recipe After being rejected a thousand and nine times someone said okay Colonel Sanders became a millionaire at an age when most people would give up He was a brave and persistent man Rich dad said this about Hal n Sanders Kentucky Fried Chicken gave it to me So if you are doubtful and fearful do what Colonel Sanders did with his little chick The man fried the little chick The third reason people don't get rich Laziness Busy people are often the laziest We are all businessmen who are too busy making money I have heard a story.
That kind of person works hard to take care of his wife and children.
That kind of person comes home from the office saying, “This is the year,” and brings work home even on weekends.
Then one day, when he comes home, the house is empty.
His wife has gone with the children.
That person knew that there was a problem between him and you.
However, he did not try to strengthen their relationship, but only stayed busy at work.
The depressed person dropped out of work and eventually lost his job.
Nowadays, we often see people who are too busy to take care of their property.
There are also people who are too busy to take care of their health.
The reason is the same.
They are too busy.
The reason they are so busy is to avoid something they do not want to face.
No one needs to tell them.
They already know.
In fact, if someone tells them, they get angry or irritated.
When they are not busy with their working children, they often watch TV, go fishing, play golf, or go shopping to keep themselves busy.
However, deep down, they grow up knowing that they are avoiding something important.
This is a common form of laziness.
All of this is being lazy while being busy.
So what is the cure for laziness? The answer is a little bit.
In many cases, we grow up thinking that greed or desire is a bad thing.
Greed is a bad person.
Our mothers often said that.
But we all have an inner desire to have something good, something new, or something interesting.
So parents often try to suppress this desire by using guilt.
Why do you only think about me? You are not the only one in this house.
Our mother would often say that.
And our father would say, “ What do you want me to buy?” Money doesn’t grow on trees.
You know very well that we are not rich.
It was not those words but the guilt that came with those words that hurt me.
Or there is the opposite feeling.
I worked hard to buy you this.
The reason I buy this is because I didn’t have this or that when I was young.
Among my friends, there is a person who is a complete beggar but cannot put a car in the garage.
That person’s garage is full of children’s toys.
The spoiled children in that house have whatever they want.
I don’t want my children to know lack.
That person always says that.
That person is trying to provide for their children’s college education or their retirement.
He has no savings, but his kids have all kinds of toys.
He recently got 3 credit cards and took his kids to Las Vegas.
I do that for the kids.
That's what he said.
Rich dad forbade the saying, "I can't do it.
" But I heard it all the time in our house.
Rich dad taught his kids to say, " How can I do it?" Rich dad explained that saying, "I can't do it," closes your mind.
When you say that, you do n't have to think anymore.
But saying, "How can I do it," opens your mind.
Then you have no choice but to think and find the answer.
But most importantly, rich dad thought that saying, "I can't do it," was a lie.
And the human mind knew that.
The human mind is very powerful.
He said that.
The human mind knows what it can do.
The problem I see today is that so many people feel guilty about their greed.
This is an old mindset that starts from childhood.
People have a desire to have the better things in life.
Yet most people have been raised to say, " We can't have it," or "We can't do it.
I'm stuck in the rat race.
" When I decided to get out, I asked myself, how can I avoid doing what I am doing? Then my mind and my answers started to spit out solutions.
The hardest part was fighting the idea that my parents couldn't afford it.
Or, later on, think about your mom.
Or, think about others.
And other things that tried to instill guilt in me to suppress my greed.
How can we overcome laziness? The answer is a little greed.
We need to learn to think about ourselves.
We need to sit down and ask ourselves, What will I gain if I am healthy, sexy, and handsome? Or, What will my life be like when I don't have to work again? Or, What will I do if I have all that money? That little greed.
Without the desire to have better things, progress is impossible.
Our world progresses because we all desire a better life.
New inventions are made because we want something better.
We go to school and study hard because we want something better.
So whenever you find yourself avoiding something you should be doing, you need to ask yourself, What would happen if you did that? Be a little greedy.
That is the best cure for laziness.
But as with everything, too much greed can have consequences.
No, but remember what Michael Douglas said in the movie Wall Street.
Greed is good.
Rich dad said it differently.
Guilt is worse than greed.
Guilt is because our bodies are blinded by our spirits.
And I think Eleanor Roosevelt's words are the best.
Do what you feel is right.
Because you'll be criticized anyway.
You'll get cursed for it and you'll get cursed for it.
Pursue selfish desires, this fool who rests his life.
So in my words, instead of the ugly duckling's vain desires and greed, pursue the true hope and desire for growth in the self-swan.
This requires some subtle discernment, but I think we can look at it together again because humans have the fundamental desire to grow, develop, and transcend.
Now the fourth reason is habit.
Now, habits continue like this.
As you know, the government's lock.
These are very scary people.
Well, the debt collectors are generally like that.
Most people will give in to them.
Those who pay for them and for themselves.
Don't pay them because they are so scary I use that fear to get stronger and determined but others get weaker and I can't help but think about how I can make extra money It's like going to the gym to get stronger The more I train my mental money muscles the stronger I get and now I'm not afraid of those people I like what rich dad said So if I pay myself first I will be strong financially, mentally and financially Rich dad nodded And if I pay myself last or not at all I will be weaker So bosses, managers, tax collectors, debt collectors or landlords will be pushing me around all my life Just because I don't have good habits Rich dad nodded This is because when you do business you spend on yourself first I think it would be good to refer to the book more about these things Okay the fifth and last one is Arrogant speaking is self-centered ignorance What I know makes me money What I don't know loses me money Every time I spoke I lost money because when I was arrogant I really believed that what I didn't know didn't matter Rich My father often told me that.
It turns out that many people try to hide their ignorance through arrogance.
That often happens when I ask for financial reports from accountants or other investors.
They insist on their opinions when discussing.
I see that they are talking without knowing anything.
They are not lying, but they are not telling the truth either.
There are many people in the business, finance, and investment fields who have no idea what they are talking about.
Too many people in both fields are like used car salesmen, focusing only on selling.
When you realize that you are ignorant in a field, you should find an expert in that field or a related book and study.
Then, the story continues like this.
So how do you acquire the 10 strengths to become rich? Oh, I think it would be good for you to refer to your own books.
Let's prepare our children for the world.
Our mothers have been given two great gifts: our minds and our time.
It is up to you to do what you want with them.
Every time cash comes into your hands, you and you alone have the power to decide your destiny.
That If you use it foolishly, you are choosing poverty.
If you stick to it, you are joining the middle class.
If you invest it in your heart and learn how to acquire assets, you choose to become rich.
The choice is yours and yours alone.
Every day when we have money, we decide to be rich, poor, or middle class.
Let's choose to share this knowledge with our children and choose to prepare them for the world.
The future of you and your children is determined by the choices you make today, not Lady.
I hope you enjoy this wonderful gift called life with much wealth and abundant happiness.
Robert Kiyosaki Sharon Leggett Everyone, I really dream of a book like Chunam.
I really dream of establishing a school where our children can live as themselves with a truly spiritual deficit and economic freedom, not an education that is not wrong, but an education that is no longer suitable for this era.
How wonderful it would be if there were a school where they could acquire the skills and wisdom to live fully like themselves, just like a caterpillar rising to the world as a butterfly.
If you dream it alone, it is a dream, but if you dream it together, it is reality.
I invite you to the vision of this book, Q Namnabi School.
The meaning of a small butterfly's wings is a huge typhoon.
As you can see, I recommend you to keep the books recommended through the book Chunam, and read them repeatedly, listen to them, write them, and discuss them so that they can be planted in your subconscious as the seeds of the butterfly effect.
And if this video was really helpful, I like it.
9 Please read it and set the notification in the comments.
Please share it as a gift to only 3 people who can really help you.
And in Chungnam, various programs on studying the same subject are being held.
As I mentioned, there is content that reflects on the relationship between money and our subconscious and 4, and we will look at the macroeconomic trends and establish a philosophy mindset in the province.
Also, at the request of the book lovers in the US, Japan, and now in the provinces, I would like to do it together with them.
So, I will do the Global Money Book Salon, which is being held online.
Also, the Youth Book Salon, and the Templeton Practical Investment Book Salon, which prepares for value investment with a mindset.
If this goes further, the Templeton Youth Investment Book Salon will now become an investment English school.
These programs are also being prepared, so if you are interested, please gather your hearts and create a future that is truly useful for ourselves and for our children.
It would be really great if we could create a school where we can provide children with truly helpful education, an educational system like that, and a gum like that of the Ministry of Education.
At that time, I believe we can participate in the vision of the Chunam Butterfly School, where more caterpillars fly into more butterflies and the world is filled with beautiful flowers, and make it a reality together.
The more you listen, the better it gets, and the more you share, the happier you become.
Junhan TV Today, I hope that the wings of you who fly from caterpillars to butterflies will become a wonderful, lucky butterfly effect for someone, and that you will have a happy day.
