21 ASSETS that make you financially free | How to get rich hindi | 11 FREE ASSETS | SeeKen

Summary

The video script from 'Rich Dad Poor Dad' author Robert Kiyosaki explores the concept of asset building as a path to wealth. It distinguishes between assets that generate income and liabilities that deplete it, highlighting 21 types of assets, including businesses, real estate, stocks, and intellectual property. The speaker emphasizes the importance of investing in assets over a single income source and shares personal experiences, such as investing in real estate for rental income. The video also introduces 11 additional assets, like time and skills, that are often overlooked but are crucial for financial success.

Takeaways

• 📚 The book 'Rich Dad Poor Dad' by Robert Kiyosaki emphasizes the importance of asset building over salary building for long-term wealth creation.
• 💼 Assets are defined as anything that puts money in your pocket, while liabilities take money out. The focus should be on accumulating assets.
• 🏢 Building a business is the first asset discussed, highlighting the risk of relying solely on a single job for income and the benefits of multiple income streams.
• 🏠 Real estate is presented as a valuable asset due to its limited supply and increasing demand, making it a safe investment with the potential for appreciation.
• 📈 Paper assets like stocks, bonds, and mutual funds are identified as a means to grow wealth, with the potential for high returns if invested wisely.
• 💰 Commodities, particularly gold, are considered a safe investment, often chosen by investors during stock market downturns for their value preservation.
• 💵 Cash is an important asset, providing liquidity for quick transactions and emergencies, and can be advantageous in seizing opportunities.
• 🔧 Equipment and accessories can be assets if they generate income through rental or use, rather than incurring costs.
• 📝 Intellectual properties such as copyrights, patents, trademarks, and trade secrets are valuable assets that can generate ongoing revenue.
• 🏷 Creating a brand can lead to significant wealth, as brand value can open up new revenue streams and command higher prices for products.
• 🌐 A strong network is an asset that can provide support, opportunities, and advancement in both business and personal life.

Q & A

What is the main theme of the book 'Rich Dad Poor Dad' by Robert Kiyosaki?

The main theme of 'Rich Dad Poor Dad' is the difference in financial philosophies between the author's 'rich dad' and 'poor dad', emphasizing the importance of asset building over salary increase for wealth accumulation.

What does Robert Kiyosaki define as an asset according to the video?

In the video, Robert Kiyosaki defines an asset as anything that puts money in your pocket, as opposed to a liability, which takes money out of your pocket.

What is the first asset mentioned in the video that can make you rich?

The first asset mentioned in the video is business, which is highlighted as a means to generate income with the potential for financial independence.

Why is real estate considered a good investment according to the video?

Real estate is considered a good investment because land is a limited resource with increasing demand due to population growth, leading to an increase in its value over time.

What is the potential return on investment mentioned in the video for stocks, and how does it compare to other assets?

The video mentions a potential return of 600 crores (6 billion) rupees from an initial investment of ₹10,000 in a company 30 years ago, illustrating the high returns possible with stocks compared to other assets.

Why are commodities, particularly gold, considered a safe investment in the video?

Commodities like gold are considered safe because they have been used for thousands of years and tend to increase in value when the stock market goes down, providing a hedge against market volatility.

What is the role of cash as an asset according to the video?

Cash is an asset because it allows for quick transactions, can be used in emergencies, and can be advantageous in seizing opportunities that require immediate payment.

How does the video describe the value of equipment and accessories as assets?

The video describes equipment and accessories as assets when they generate income, such as renting out a car or equipment for events, rather than being a liability through maintenance costs.

What are intellectual properties and why are they considered valuable assets in the video?

Intellectual properties include copyright, patent, trademark, and trade secrets. They are valuable assets because they can generate revenue through licensing or selling, and protect unique creations or inventions.

Why is creating a brand considered an asset in the video?

Creating a brand is considered an asset because a strong brand can command higher prices, enter new markets with ease, and has the potential to significantly increase the value of products or services.

What is the significance of network as an asset in the video, and how can it contribute to wealth?

Network is significant as an asset because a strong network of influential people can provide opportunities, support, and connections that can help in advancing one's career or business, potentially leading to wealth.

What is the video's stance on content creation as an asset and how can it generate income?

The video posits content creation as an asset because it allows individuals to sell products, brand services, and earn through platforms like Adsense, leveraging the internet to reach a wide audience and generate income.

What is the concept of 'Acre of Diamonds' mentioned in the video, and what lesson does it impart regarding assets?

The 'Acre of Diamonds' concept is a metaphor from a book that teaches the lesson of appreciating and utilizing the assets one already has, rather than seeking wealth solely from external sources.

Why is time considered the most valuable asset in the video, and how does it relate to wealth creation?

Time is considered the most valuable asset because it is irreplaceable once lost. It relates to wealth creation by emphasizing the importance of investing time wisely in learning, self-improvement, and opportunities that can lead to financial success.

How does the video suggest leveraging friends and family as assets, and what benefits does it offer?

The video suggests that friends and family can be leveraged as assets by maintaining strong relationships, which can provide support, advice, and assistance during challenging times, contributing to personal and financial growth.

What is the importance of skills as an asset in the video, and how can they contribute to earning potential?

Skills are important as an asset because they are portable and can be used to earn money anywhere. Skilled individuals are in high demand and can command higher earnings, making skills a valuable asset for financial success.

How does the video describe the role of knowledge as an asset, and how can it be monetized?

The video describes knowledge as an asset that can save time and money for others and can be monetized through consulting, specialized services, or by working in fields where that knowledge is highly valued, leading to high earnings.