7 Ways to Build Financial Wealth
(By Robert Kiyosaki)
-
Your financial wealth is your responsibility.
If you desire to be rich, it is one that can be yours if you follow the path laid out below.
1️⃣ Savers Are Losers.
👉🏻 Compounding the problem is that the interest rate paid by most savings accounts trails behind the rate of inflation.
👉🏻 In other words, your money sitting in a bank - while earning interest - is becoming less valuable.
👉🏻 Building real financial wealth begins with educated investing, not with saving money.
2️⃣ Pay Yourself First.
👉🏻 If you use your income to pay for your bills and financial obligations first, you'll end up with nothing short-term or long-term.
👉🏻 In the short-term, you are unable to invest in what will provide escape from living paycheck to paycheck.
👉🏻 In the long-term, you will have nothing to live on during retirement.
👉🏻 Paying yourself first means that when money comes in, you designate a portion of it to purchasing income-producing assets before one cent goes to anyone or anything else.
3️⃣ Expand Your Means.
👉🏻 Just like the riches always concentrate on creating money and you will expand your means.
👉🏻 Create money by purchasing assets that pay for what you want.
4️⃣ Focus on Moving to the Right Side of the CASHFLOW Quadrant.
👉🏻 As shown in the picture below, those who are able to create and maintain wealth are found on the right side of the quadrant.
👉🏻 Regardless of which quadrant you are presently in, becoming rich begins - and ends - with a commitment to take the necessary steps to move and stay on the right side of the quadrant.
👉🏻 Where you are in the CASHFLOW Quadrant today isn't as important as where you focus, because today's focus will create tomorrow's reality.
5️⃣ Pay Taxes Like the Rich.
👉🏻 If you want to become rich, you need to keep more of what you make and pay less in taxes.
👉🏻 Use the tax laws that are already set up to help you keep what is yours - provided that you are making your money from the right side of the CASHFLOW Quadrant.
6️⃣ Mind Your Own Business.
👉🏻 When you forget to mind your own business, you eventually end up owning a job instead of a business.
👉🏻 B's and I's create systems (build automated process for their investing or entrepreneurial pursuits) that can run with or without them.
👉🏻 They think in terms of scalability.
👉🏻 By making processes scalable, exponential growth is only a matter of adding additional resources - namely other people's time and money - instead of longer hours and harder work on your part.
👉🏻 This is what it means to "mind your own business."
7️⃣ Diversify Your Portfolio.
👉🏻 If you only diversify within one asset class, you are exposing yourself completely to the weaknesses of that one asset class.
👉🏻 True diversification comes from investing across different investment vehicles (asset classes) such as real estate, commodities, businesses, and paper assets.
@Business_Library
(By Robert Kiyosaki)
-
Your financial wealth is your responsibility.
If you desire to be rich, it is one that can be yours if you follow the path laid out below.
1️⃣ Savers Are Losers.
👉🏻 Compounding the problem is that the interest rate paid by most savings accounts trails behind the rate of inflation.
👉🏻 In other words, your money sitting in a bank - while earning interest - is becoming less valuable.
👉🏻 Building real financial wealth begins with educated investing, not with saving money.
2️⃣ Pay Yourself First.
👉🏻 If you use your income to pay for your bills and financial obligations first, you'll end up with nothing short-term or long-term.
👉🏻 In the short-term, you are unable to invest in what will provide escape from living paycheck to paycheck.
👉🏻 In the long-term, you will have nothing to live on during retirement.
👉🏻 Paying yourself first means that when money comes in, you designate a portion of it to purchasing income-producing assets before one cent goes to anyone or anything else.
3️⃣ Expand Your Means.
👉🏻 Just like the riches always concentrate on creating money and you will expand your means.
👉🏻 Create money by purchasing assets that pay for what you want.
4️⃣ Focus on Moving to the Right Side of the CASHFLOW Quadrant.
👉🏻 As shown in the picture below, those who are able to create and maintain wealth are found on the right side of the quadrant.
👉🏻 Regardless of which quadrant you are presently in, becoming rich begins - and ends - with a commitment to take the necessary steps to move and stay on the right side of the quadrant.
👉🏻 Where you are in the CASHFLOW Quadrant today isn't as important as where you focus, because today's focus will create tomorrow's reality.
5️⃣ Pay Taxes Like the Rich.
👉🏻 If you want to become rich, you need to keep more of what you make and pay less in taxes.
👉🏻 Use the tax laws that are already set up to help you keep what is yours - provided that you are making your money from the right side of the CASHFLOW Quadrant.
6️⃣ Mind Your Own Business.
👉🏻 When you forget to mind your own business, you eventually end up owning a job instead of a business.
👉🏻 B's and I's create systems (build automated process for their investing or entrepreneurial pursuits) that can run with or without them.
👉🏻 They think in terms of scalability.
👉🏻 By making processes scalable, exponential growth is only a matter of adding additional resources - namely other people's time and money - instead of longer hours and harder work on your part.
👉🏻 This is what it means to "mind your own business."
7️⃣ Diversify Your Portfolio.
👉🏻 If you only diversify within one asset class, you are exposing yourself completely to the weaknesses of that one asset class.
👉🏻 True diversification comes from investing across different investment vehicles (asset classes) such as real estate, commodities, businesses, and paper assets.
@Business_Library
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They say that once in a distant province, robbers entered a bank.
▪️One of them shouted at the entrance:
"Do not move! The money belongs to the bank, but the life belongs to you!”
Everyone present lay down quietly on the floor.
This is an example of how a term changes the perception of the world.
▪️One woman lay provocatively on the table, but the robber told her:
“This is a robbery, not a rape. Behave accordingly!”
This is an example of how a professional should behave - concentrate on the goal.
▪️In the process of escaping from the robbery scene, the youngest of the robbers (with an academic degree) said to the oldest, who had barely graduated from primary school:
“Hey, old man, maybe we can count how much we took?”
The old man answered angrily:
“Don’t be stupid, that’s a lot of money to count. Let’s wait until they announce on the news how much the bank has lost.”
It's called experience—experience is more important than degree these days.
▪️After the robbers disappeared, the bank director told the accountant to call the police. The accountant replied:
“Wait, let’s first add to the stolen amount the 5 million that we stole last month and say that they were also stolen.”
This is called taking advantage of every opportunity.
▪️The next day the news announced that the bank had been robbed in the amount of 100 million. The robbers counted the loot, but only counted 20 million. The robbers began to grumble:
“We risked our lives for the unfortunate 20 million, while the banking authorities stole 80 million without blinking an eye. It's probably better to study how the system works instead of being a simple robber."
It's called knowledge is power!
▪️The bank director was very pleased, especially that his losses on the stock exchange were disguised as a robbery.
This is called not being afraid of risk.
“Give a man a gun and he can rob a bank.
Give a man a bank and he can rob everyone!”
@Business_Library
▪️One of them shouted at the entrance:
"Do not move! The money belongs to the bank, but the life belongs to you!”
Everyone present lay down quietly on the floor.
This is an example of how a term changes the perception of the world.
▪️One woman lay provocatively on the table, but the robber told her:
“This is a robbery, not a rape. Behave accordingly!”
This is an example of how a professional should behave - concentrate on the goal.
▪️In the process of escaping from the robbery scene, the youngest of the robbers (with an academic degree) said to the oldest, who had barely graduated from primary school:
“Hey, old man, maybe we can count how much we took?”
The old man answered angrily:
“Don’t be stupid, that’s a lot of money to count. Let’s wait until they announce on the news how much the bank has lost.”
It's called experience—experience is more important than degree these days.
▪️After the robbers disappeared, the bank director told the accountant to call the police. The accountant replied:
“Wait, let’s first add to the stolen amount the 5 million that we stole last month and say that they were also stolen.”
This is called taking advantage of every opportunity.
▪️The next day the news announced that the bank had been robbed in the amount of 100 million. The robbers counted the loot, but only counted 20 million. The robbers began to grumble:
“We risked our lives for the unfortunate 20 million, while the banking authorities stole 80 million without blinking an eye. It's probably better to study how the system works instead of being a simple robber."
It's called knowledge is power!
▪️The bank director was very pleased, especially that his losses on the stock exchange were disguised as a robbery.
This is called not being afraid of risk.
“Give a man a gun and he can rob a bank.
Give a man a bank and he can rob everyone!”
@Business_Library
❤29👍19🔥1
10 Life Changing Quotes From
-
" The Law of Success" 📚
-
by Napoleon Hill
-
1. “Imagination is a faculty of the mind which can be cultivated, developed, extended and broadened by use.”
2. “Everyone needs a change of mental environment at regular periods, the same as a change and variety of food is essential. The mind becomes more alert, more elastic and more ready to work with speed and accuracy after it has been bathed in new ideas, outside of one’s own field of daily labor.”
3. “Money is necessary, but the big prizes of life cannot be measured in dollars and cents.”
4. “I know that I have the ability to achieve the object of my definite purpose, therefore I demand of myself persistent, aggressive and continuous action toward its attainment.”
5. “Bravery is physical; courage is mental and moral.”
6. “Success comes only when you act on what you know and believe. What your mind can conceive and believe, you can achieve!”
7. “No man has a chance to enjoy permanent success until he begins to look in a mirror for the real cause of all his mistakes.”
8. “Prayer based upon FAITH always works.”
9. “You have been endowed with the power to use the most highly organized form of energy known to man, that of thought.”
10. “Success in life depends upon happiness, and happiness is found in no other way than through SERVICE that is rendered in a spirit of love.”
These quotes are just a glimpse of the wisdom shared in "The Law of Success." The book provides detailed insights and practical advice on achieving success in various areas of life.
@Business_Library
-
" The Law of Success" 📚
-
by Napoleon Hill
-
1. “Imagination is a faculty of the mind which can be cultivated, developed, extended and broadened by use.”
2. “Everyone needs a change of mental environment at regular periods, the same as a change and variety of food is essential. The mind becomes more alert, more elastic and more ready to work with speed and accuracy after it has been bathed in new ideas, outside of one’s own field of daily labor.”
3. “Money is necessary, but the big prizes of life cannot be measured in dollars and cents.”
4. “I know that I have the ability to achieve the object of my definite purpose, therefore I demand of myself persistent, aggressive and continuous action toward its attainment.”
5. “Bravery is physical; courage is mental and moral.”
6. “Success comes only when you act on what you know and believe. What your mind can conceive and believe, you can achieve!”
7. “No man has a chance to enjoy permanent success until he begins to look in a mirror for the real cause of all his mistakes.”
8. “Prayer based upon FAITH always works.”
9. “You have been endowed with the power to use the most highly organized form of energy known to man, that of thought.”
10. “Success in life depends upon happiness, and happiness is found in no other way than through SERVICE that is rendered in a spirit of love.”
These quotes are just a glimpse of the wisdom shared in "The Law of Success." The book provides detailed insights and practical advice on achieving success in various areas of life.
@Business_Library
👍16❤3🔥1👏1
Money isn't the only thing of value you own. Your time and skills are valuable as money. Think about it.💼💰💵
@Business_Library
@Business_Library
👍17❤15
Plan for Achieving Moral Excellence
Benjamin Franklin had a plan for achieving moral perfection in 13 weeks. Every week he improved in one of the virtues.
1. Abstinence.
Don't eat to the point of stupor, don't drink to the point of intoxication.
2. Silence.
Speak only what can benefit others or yourself.
3. Love of order.
Let each of your things have its own place; Let there be a time for every thing you do.
4. Determination.
Decide to do what you must; and carry out what you decide unswervingly.
5. Thrift.
Don't waste anything.
6. Hard work.
Don't waste time.
7. Sincerity.
Do not resort to harmful deception.
8. Justice.
Never offend people.
9. Moderation.
Avoid extremes.
10. Cleanliness.
Do not allow the slightest dirt.
11. Calmness.
Don't worry about little things
12. Chastity.
Indulge in lust rarely, only for health or to prolong the family line.
13. Meekness.
Follow the example of the Prophets.
@Business_Library
Benjamin Franklin had a plan for achieving moral perfection in 13 weeks. Every week he improved in one of the virtues.
1. Abstinence.
Don't eat to the point of stupor, don't drink to the point of intoxication.
2. Silence.
Speak only what can benefit others or yourself.
3. Love of order.
Let each of your things have its own place; Let there be a time for every thing you do.
4. Determination.
Decide to do what you must; and carry out what you decide unswervingly.
5. Thrift.
Don't waste anything.
6. Hard work.
Don't waste time.
7. Sincerity.
Do not resort to harmful deception.
8. Justice.
Never offend people.
9. Moderation.
Avoid extremes.
10. Cleanliness.
Do not allow the slightest dirt.
11. Calmness.
Don't worry about little things
12. Chastity.
Indulge in lust rarely, only for health or to prolong the family line.
13. Meekness.
Follow the example of the Prophets.
@Business_Library
👍20❤8🔥2
10 ways to become the best in your business:
1. Be better today than yesterday.
2. Do what inspires you.
3. Pay 10% attention to the problem you are facing and 90% to solving it.
4. Do your job at the highest level.
5. Praise others, especially at times when others want praise.
6. Practice your craft daily to become a virtuoso.
7. Work hard, don't make excuses.
8. Learn to get up quickly after falling.
9. Keep the promises you make to others and to yourself.
10. Show nobility, especially in difficult times.
Take action!
@Business_Library
1. Be better today than yesterday.
2. Do what inspires you.
3. Pay 10% attention to the problem you are facing and 90% to solving it.
4. Do your job at the highest level.
5. Praise others, especially at times when others want praise.
6. Practice your craft daily to become a virtuoso.
7. Work hard, don't make excuses.
8. Learn to get up quickly after falling.
9. Keep the promises you make to others and to yourself.
10. Show nobility, especially in difficult times.
Take action!
@Business_Library
👍18❤5🔥4🥰1
Freelance toolkit (1).pdf
17.1 MB
Freelance toolkit
Setting up as self-employed in the film, TV, animation, games and VFX industries
@Business_Library
Setting up as self-employed in the film, TV, animation, games and VFX industries
@Business_Library
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16 top lessons from the book
"THE 16 UNDENIABLE LAWS OF COMMUNICATION " 📚
-
"The 16 Undeniable Laws of Communication" by John C. Maxwell is a book that provides valuable insights and lessons on effective communication.
-
1. The Law of Connection: Communication is about connecting with others on an emotional level. Building relationships and understanding others' needs and perspectives is crucial.
2. The Law of the Big Picture: Effective communicators always keep the bigger picture in mind. They understand the context and purpose of their message, ensuring it aligns with the overall goals.
3. The Law of Listening: Good communication involves active listening. Pay attention to others, show genuine interest, and seek to understand before being understood.
4. The Law of Authenticity: Be yourself and communicate with sincerity. People appreciate honesty and transparency, and it helps build trust in your communication.
5. The Law of Timing: Communication is not just about what you say but also when you say it. Choose the right timing to deliver your message for maximum impact.
6. The Law of Respect: Treat others with respect and dignity in your communication. Avoid belittling or demeaning language, and always consider the feelings of others.
7. The Law of Relevance: Tailor your communication to the needs and interests of your audience. Make your message relevant and relatable to ensure it resonates with them.
8. The Law of Simplicity: Keep your communication simple and easy to understand. Avoid jargon or complex language that may confuse or alienate your audience.
9. The Law of Emotion: Emotions play a significant role in communication. Understand and address the emotional needs of your audience to create a deeper connection.
10. The Law of Patience: Effective communication requires patience. Give others time to process information, ask questions, and provide feedback.
11. The Law of Influence: Communication is a powerful tool for influencing others. Use it responsibly and ethically to inspire, motivate, and empower those around you.
12. The Law of Consistency: Consistency in your communication builds trust and credibility. Align your words with your actions to maintain integrity.
13. The Law of Expectations: Set clear expectations in your communication. Be specific about what you want to achieve and what you expect from others.
14. The Law of Responsibility: Take ownership of your communication. Be accountable for the impact your words have on others and be willing to make necessary adjustments.
15. The Law of Storytelling: Stories have a profound impact on communication. Use storytelling techniques to engage your audience, make your message memorable, and evoke emotions.
16. The Law of Legacy: Communication has the power to leave a lasting impact. Consider the legacy you want to create through your communication and strive to make it positive and meaningful.
These are just a few of the lessons you can learn from "The 16 Undeniable Laws of Communication." The book delves deeper into each law, providing practical examples and strategies to enhance your communication skills.
@Business_Library
"THE 16 UNDENIABLE LAWS OF COMMUNICATION " 📚
-
"The 16 Undeniable Laws of Communication" by John C. Maxwell is a book that provides valuable insights and lessons on effective communication.
-
1. The Law of Connection: Communication is about connecting with others on an emotional level. Building relationships and understanding others' needs and perspectives is crucial.
2. The Law of the Big Picture: Effective communicators always keep the bigger picture in mind. They understand the context and purpose of their message, ensuring it aligns with the overall goals.
3. The Law of Listening: Good communication involves active listening. Pay attention to others, show genuine interest, and seek to understand before being understood.
4. The Law of Authenticity: Be yourself and communicate with sincerity. People appreciate honesty and transparency, and it helps build trust in your communication.
5. The Law of Timing: Communication is not just about what you say but also when you say it. Choose the right timing to deliver your message for maximum impact.
6. The Law of Respect: Treat others with respect and dignity in your communication. Avoid belittling or demeaning language, and always consider the feelings of others.
7. The Law of Relevance: Tailor your communication to the needs and interests of your audience. Make your message relevant and relatable to ensure it resonates with them.
8. The Law of Simplicity: Keep your communication simple and easy to understand. Avoid jargon or complex language that may confuse or alienate your audience.
9. The Law of Emotion: Emotions play a significant role in communication. Understand and address the emotional needs of your audience to create a deeper connection.
10. The Law of Patience: Effective communication requires patience. Give others time to process information, ask questions, and provide feedback.
11. The Law of Influence: Communication is a powerful tool for influencing others. Use it responsibly and ethically to inspire, motivate, and empower those around you.
12. The Law of Consistency: Consistency in your communication builds trust and credibility. Align your words with your actions to maintain integrity.
13. The Law of Expectations: Set clear expectations in your communication. Be specific about what you want to achieve and what you expect from others.
14. The Law of Responsibility: Take ownership of your communication. Be accountable for the impact your words have on others and be willing to make necessary adjustments.
15. The Law of Storytelling: Stories have a profound impact on communication. Use storytelling techniques to engage your audience, make your message memorable, and evoke emotions.
16. The Law of Legacy: Communication has the power to leave a lasting impact. Consider the legacy you want to create through your communication and strive to make it positive and meaningful.
These are just a few of the lessons you can learn from "The 16 Undeniable Laws of Communication." The book delves deeper into each law, providing practical examples and strategies to enhance your communication skills.
@Business_Library
👍17❤5🔥1🥰1