10 “Retire Young, Retire RICH” Lessons

I have learned many lessons as a result of reading Robert Kiyosakis books.

These are just a few I would like to share with you.  But bare in mind, these principles may throw everything you may  have learned out the door.

Lesson #1: Your house is a liability, not an asset.

Lesson #2: Leverage is the reason some people are rich and others do not become rich. And most people do not become rich because they fear the power of leverage. And the most powerful leverage in the world is your MIND.

The poor and middle class have a hard time getting rich because they try to use their own money to get rich. If you want to get rich you have to learn to use others money…not your own.

Lesson #3: Good debt makes you rich, bad debt makes you poor.

Lesson #4: The choice of words you use will make you rich or poor. Words are powerful tools…tools for the brain. It does not take money to make money. “Getting rich begins with your words and words are free.”

Poor people say ‘I can’t afford it’ more often than rich people. Your words become flesh.”Poor people use poor words create poor people”.

Lesson #5: The problem with having a job is that it gets in the way of getting rich.

Lesson #6: The biggest challenge you have is to challenge your own self-doubt and your laziness. If you want to change what you are you must take on your self doubt and your laziness. It is your self doubt and laziness that deny you the life you want,”.  If you will take on your self-doubt and your laziness, you will find the door to your freedom.”

Lesson #7: It is your “Why” that gives you the power to do the how to. Instead of looking inside of themselves to find a ‘why’ they want to become rich, most people look for the easy road to wealth, and the problem with the easy road is that the easy road usually ends in a dead end.

Lesson #8: Unless someone has a passion for something, it is difficult to accomplish anything. Rich Dad used to say. “If you want something, be passionate. Passion gives energy to your life. Passion gives energy to your life.

Lesson #9: Take at least 1 hour each month to reflect on your life. Taking the time to reflect on Robert Kiyosaki life raised the following ideas.

1. What he thought was important was not that important.

2. What was important was where he was at, not where he was going.

3. There is no one more important than the person in front of you at that moment. Take that moment to be with him or her.

4. Time is precious., dont waste it…appreciate it.

5. Sometimes stopping for a moment is harder than staying busy.

Lesson #10: A high paying job without ‘Financial Education’ often means the person gets deeper in debt faster than someone with a low -paying job. That is not too intelligent.