21 ASSETS that make you financially free | How to get rich hindi | 11 FREE ASSETS | SeeKen
Summary
TLDRThe 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
- ๐ The book 'Rich Dad Poor Dad' by Robert Kiyosaki emphasizes the importance of asset building over salary building for long-term wealth creation.
- ๐ผ Assets are defined as anything that puts money in your pocket, while liabilities take money out. The focus should be on accumulating assets.
- ๐ข 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.
- ๐ 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.
- ๐ 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.
- ๐ฐ Commodities, particularly gold, are considered a safe investment, often chosen by investors during stock market downturns for their value preservation.
- ๐ต Cash is an important asset, providing liquidity for quick transactions and emergencies, and can be advantageous in seizing opportunities.
- ๐ง Equipment and accessories can be assets if they generate income through rental or use, rather than incurring costs.
- ๐ Intellectual properties such as copyrights, patents, trademarks, and trade secrets are valuable assets that can generate ongoing revenue.
- ๐ท Creating a brand can lead to significant wealth, as brand value can open up new revenue streams and command higher prices for products.
- ๐ 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 โน10,000 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.
Outlines
๐ผ Building Wealth Through Asset Management
The video script introduces the concept of wealth creation through asset building, inspired by Robert Kiyosaki's 'Rich Dad Poor Dad'. It emphasizes the difference between a rich dad who builds assets and a poor dad who focuses on salary. The author shares 21 assets that can generate income, starting with the first 10 which typically require an initial investment. These include business ownership, real estate, stocks, bonds, mutual funds, commodities like gold, and having cash reserves. The script also touches on the importance of equipment and intellectual properties, creating a brand, networking, and content creation as assets that can contribute to financial success.
๐ก The Power of Real Estate and Other Tangible Assets
This paragraph delves into the specifics of real estate as a safe and valuable asset, highlighting the scarcity and increasing demand for land. It also discusses the potential of paper assets like stocks and bonds for significant returns, with examples of long-term investment growth. The script mentions commodities, particularly gold, as a safe investment hedge against stock market volatility. Additionally, it covers the value of cash liquidity, equipment that can generate rental income, intellectual property rights, and the importance of building a strong brand for long-term financial gains.
๐ Leveraging Intangible Assets for Personal Growth and Wealth
The final paragraph of the script shifts focus to intangible assets, starting with the invaluable nature of time and the importance of self-investment. It discusses the support system provided by friends and family, the enduring value of skills, and the power of knowledge in solving problems and saving time. The script also points out the potential of networking and the role of content creation in building an online presence. The speaker mentions a free course on their secondary channel, Zeeshan Sheikh, where the remaining assets and additional insights are discussed, encouraging viewers to subscribe for further learning opportunities.
Mindmap
Keywords
๐กAsset Building
๐กLiability
๐กReal Estate
๐กStock Market
๐กCommodities
๐กIntellectual Property
๐กBrand
๐กNetwork
๐กContent
๐กSkills
๐กKnowledge
Highlights
The book 'Rich Dad Poor Dad' by Robert Kiyosaki emphasizes the importance of asset building over salary increasement for financial success.
Assets are defined as anything that puts money in your pocket, while liabilities take money out.
The video discusses 21 assets that can generate income, starting with 10 common assets that typically require an initial investment.
Building a business is the first asset highlighted, as it provides multiple income streams and reduces reliance on a single job.
Real estate is presented as a safe investment due to the increasing value of land as population grows.
Investing in stocks can yield high returns, as demonstrated by the example of a small investment growing exponentially over 30 years.
Commodities like gold are considered a safer investment than real estate, especially during stock market downturns.
Having cash on hand is an asset because it allows for quick transactions and can be used to take advantage of opportunities.
Equipment and accessories can become assets if they generate income through rental or usage by others.
Intellectual properties such as copyrights, patents, trademarks, and trade secrets can generate revenue through licensing or sales.
Creating a strong brand can lead to significant financial gains and market presence.
Networking with successful individuals can provide valuable connections and opportunities for growth.
Content creation, such as having a website, can generate income through various online platforms and strategies.
The remaining 11 assets are introduced as unconventional methods to generate wealth, often utilizing resources one already possesses.
Time is highlighted as the most valuable asset, emphasizing the importance of investing time wisely for personal growth and development.
Friends and family are considered assets due to their support and assistance during challenging times.
Skills are an invaluable asset that can be used to earn money and provide value to others, regardless of external circumstances.
Knowledge is power and can be monetized by saving time and providing solutions that others may not have.
The remaining assets and additional content are available on the creator's second channel, Zeeshan Sheikh, along with a free course.
Transcripts
Hey Friends,
21 assets that will make you rich
rich dad poor dad Which was my first book which inspired me to read the rest of the books
says Robert Kiyoski, the author of this book, I had two dads, a rich dad and a poor dad.
Rich dad was obviously rich and poor dad was very poor.
There was a huge difference between the two of them.
The reason was that the poor dad was always focused on the salary and increasement
whereas the rich dad was rich because he worked on asset building
and this is what the robert applied in his life, which is why he is so rich today.
He can spend the rest of his life sitting at home as he focused on asset building in his life
and not on salary building like most of the people.
Robert gives the difference of assets a little differently.
He says that an asset is anything that puts money in your pocket
and a liability is something that takes money out of your pocket.
In today's video, we will talk about the same 21 assets that will put money in your pocket.
10 assets of starting are normal assets, which most people talk about, for which money is spent.
But the problem is that most of the people who are starting like me
also feel like creating assets but they don't know which asset to work on without money
so for those people this video is of great use.
After these 10 assets, I will tell you the remaining 11 assets
which are totally free which will make you rich.
To get started, I will talk them down to 10 common assets that actually cost money.
The first asset is business. In a class, the teacher asks the child what the risk is.
On this the child says risk means doing business.
After this all the children all the children nod their heads and say that yes he is right
But on this the teacher tells an interesting thing.
He says that when I asked this same question to an entrepreneur, then he says that
risk is to live your whole life on only one source.
Means to depend your whole life on one job.
Where as long as you are working, the money will come
and when you stop working, the money will not come.
If you get sick, the money will stop coming.
Tell me, what could be more risky than this?
I have seen so many times that people are not educated and are not even intelligent
but still those people are earning a lot of money sitting at home because
they have a business on their side, which will always give them money.
That's why the first asset you should build is to build a business.
The second asset that can make you rich is real estate.
Our earth is such a thing that even the biggest factory cannot produce
the value of our land is increasing as the population is increasing.
If you look from the point of view of basic economics, then land is a very limited thing
whose demand will always increase because the population is always increasing.
This one simple thing tells that the value of land will always increase.
Therefore investing in land is the one of the safest way to invest.
John, who was the oil tycoon, so many millionaires and billionaires say
the number of people who have become rich using real estate are not so rich through anything.
That's why investing in real estate would be great for you.
If I talk about myself, when I started earning money from YouTube
the first thing I bought was real estate, that is, I bought my house.
Many people will say that no this was not a wise thing, you should have invested in stocks
but I think I had taken the right decision because now I keep getting rental income
from that house and its value will keep increasing in the coming time.
Yes, I may not be getting as much return as I would get in stocks
but it is a very safe way to keep earning income every month.
That's why I would suggest you to invest in real estate too.
The third thing that puts money in your pocket is paper assets stocks, bonds, mutual funds.
Robot says that stocks are very famous in western countries because
it is very easy to enter and exit. But because it is so easy, people also make mistakes.
But if you invest wisely in the stock market then you can earn a lot of money.
Recently I was watching a video in which he was telling that
if you had invested โน 10000 in a company 30 years ago, today you would have got 600 crores.
Six Hundred Crore Rupees by investing โน10000.
ou will not get such returns anywhere like you get in the stock market.
But now you will say who used to have โน 10000 at that time
in his reply, he says that even if you had invested a thousand rupees at that time
you would still have โน 60 crores. And if you had invested โน 100 then you would have 6 crore
And you will not get such returns from any other asset.
Which company you are investing in is very important.
After learning from people like Warren Buffett, you will invest in a good company
only then you will be able to extract such good returns
plus you also get dividend in many companies. Next asset is Commodities.
Investing in gold is safer than real estate.
I was gold when I was not even born and will be gold when I die.
And gold is a material that has been used for thousands of years.
Many investors invest in gold when the stock market goes down.
whenever the stock market goes down, the price of gold increases.
They feel that if the value of the stock market is falling, then they invest in gold
because they know that it will not lose its value.
That's why people go towards him more. So then the prices of gold and silver start rising.
That's why investors always tell you that you should invest some of your money in gold
If you invest money in the long term, you will also get profit and your money will also be safe.
No. 5 - cash.
Some people will find it very strange to hear this but the truth is that
having money is a very good thing.
You know that even a big company like Apple keeps cash with them.
Apple currently has 200 billion dollars in cash. They do this because
many times such opportunities come that we need cash
through cash you can do very fast transactions
and many times you get a lot of things cheap by giving cash.
So having cash has many advantages. You can use it in case of an emergency
so don't forget the value of cash. No. 6 โ Equipment and Accessories.
If I get a car and drive it myself then that will be a liability for me
as it will cost me money to maintain that car.
But if I give the same car for rent, it will make money for me.
Many times you must have seen in marriage that people give their generators
and all these things are done on rent, which generates revenue.
That is why if you are buying any equipment and if money is being made
then it can be a good asset for you. Asset no. 7 โ Intellectual Properties.
There are four things inside it. 1. Copyright 2. Patent 3. Trademark 4. Trade Secrets.
I made a song whose lyrics and music I have given by myself, so I can get it copyrighted.
If you are on YouTube then you must know that sometimes copyright issues happen
when you use someone else's music or video
then sometimes copyright issues can come, sometimes he can get your video removed.
And sometimes part of your revenue goes to that person.
That's why if you create any music video, which you can copyright
then it can also generate revenue and give it to you.
If you are making new technology, or suppose that if you have invented new tire
then you can patent it, all the companies that will use it,
you can license it or you can sell the patent to companies.
There are also very rare people who keep earning a lot of money from patents
because the company keeps paying them. No. 8 โ Creating a Brand.
Nowadays everyone does business, but those people are not brands.
If you look at the Tata Group, it is a very big brand.
If Tata wants, he can enter any new field. And because of the brand value
they will make a lot of money in that thing too. You'll think it's too much of unfair.
You create a logo by yourself and put it on the bag, people will not buy it,
but will buy the LV bag because it has brand value.
That's why you can also increase your brand value by spending money.
You must be aware that the one who owns Zara is one of the richest person
as he has built a strong brand. Many people sell clothes
but they made a lot of money by making Zara brand.
That's why if you create a brand then you can earn a lot of money.
No. 9 - Network.
A team member of mine was telling me that when Dhirubhai Ambani earned money
he was drinking tea in a big hotel with very little money. He was asked that why?
Then he told that I wanted to see how rich people live.
He wanted to go there and network. If you have a strong network of strong people
then those people can help you a lot to move forward in life.
No. 10 โ Content.
Earlier there was a time that it took a big shop and money to sell anything
But today you can sell many things by creating your own website.
There will be money inside that too, but it is very easy
that's why I have placed the website at number 10.
You can do branding and many other things through the website
it will also help you in making a lot of money.
if you bring traffic to your website then you can earn from Adsense
earn from brand promotion and sell your own product.
You can do many things by creating a website. Therefore, keep this asset in mind as well.
All the assets I told you are very common assets
you will come to know about them from many videos
many financial people will tell you all this, which is also true.
But right now I will share with you 11 such assets, which most people do not talk
but still you can earn a lot of money from those assets.
There is a very amazing book called Acre of Diamonds in which the author explains.
There is a man who wants Acre of Diamonds. He goes to different cities and villages
but at the end of the story it is revealed that the acre of diamond was behind his house.
He had everything in his own house but he was wandering around the world
what do I want to say? Many a times we think real estate is a very good thing
it will make us very rich, stocks will make us rich
we think that the things we don't have will make us rich
but the truth is that what we do have, you can become rich by using it.
And using this thinking, we tell you 11 asssets that you have and you can use them.
No. 1 โ Your Time. The most expensive thing in the world that even Jeff Bezos can't buy
Warren Buffett can't even buy is time. If you earn money and you lose, you can earn it again
but once the time runs out, it never comes back.
Gary Vee once told a kid that you take all my company and give me your youth in return.
I will happily exchange. Because they know that time is the most valuable thing.
If time passes once, no matter how rich you become, it will not be of any use.
So the most important asset that you have is time.
Warren Buffett says that the best investment in the world is investing in yourself.
When I had nothing in life, I invested in myself. I invested in learning things
invested time in making things
and only by investing that time properly, I am able to earn so much today.
2nd โ Friends and Family.
If anything happens to you tomorrow, your family and friends will be the first
who will take care of you. Tomorrow, if you have a financial problem
the world will not help you, but your family will always be with you.
If you have made good friends, they will be with you and your family will always be with you.
We have these things but we ignore it. So do not ignore it and use it,
because these people can help you a lot to move forward in life.
Your relationship with them should be strong, you should know how to talk.
3rd โ Skills.
Take everything from a person, his money, his bank balance, his everything
but his skills will always be with him.
With the help of which he can go anywhere in the world and earn money, if he is a skillful
So always focus on skill building. Sometimes we are hiring new people
then we are realizing that there is a real shortage of skilled people
they have so much skill but they need so much money.
Such people are very rare who have very good skills.
People say that there is a huge shortage of jobs but I think there is a huge shortage of skills.
Such skillful people who actually give benefit to others.
If you can become such a skillful person who can give benefit to others
then you can easily earn a lot of money.
In starting you will work for others but after a time you can start your own business.
So work on your skills, this is a huge asset that will earn you a lot of money.
4th โ Knowledge.
You must have seen that many times there are forms of government
in which if we go directly, we will get very upset, our time will be wasted
But on the other hand, a person who has knowledge, if you ask him to do this work
then he will get your work done immediately. Why? Two things happen
one is that he has the knowledge, what to do, which form to fill.
and second, his connections are good. But here I am talking about knowledge.
If you have good knowledge which others do not have
then through knowledge you can save the time and money of others
then that knowledge will also help you to earn a lot of money.
Consultants charge lakhs of rupees for their knowledge.
Due to which the business is able to grow, which they were not able to do.
That is why the field of data science is progressing a lot.
It is a knowledge that which person eats where, what he does, this is all the data
using which people are able to use it very well
and because of this a lot of money is being made.
If you have the right knowledge then it will be a huge asset for you
which will help you a lot to move ahead in your life and earn a lot of money.
The video has grown quite a bit but still those 21 assets could not be completed.
I tried a lot that all those things should come in it but could not come.
The video is getting too long, the animation also takes a lot of time.
So the remaining 6 assets, and a lot of other things that I mentioned in points.
In these things, I have already cut a lot of things so that the video can be done in less time
so I have cut many important things.
That's why I have put all the things which are uncut on my second channel Zeeshan Sheikh
and those remaining 6 assets have been discussed in it.
The entire 21 assets which I have discussed well, its link is in the description
I have given it in the button, from there you can see which is on Zeeshan Sheikh channel.
There I am putting up a free course, part of which I upload every Wednesday.
If you want that free course then you must subscribe to that channel.
There every Wednesday, I keep posting things related to that course.
There is a course called 67 Steps, which costs around โน 5000,
I am sharing it with you guys for free.
I keep posting all his things one by one every week.
So if you want to keep learning all those things, and also the main things of this channel
which I miss many times, I will upload all those things on this channel to another channel
go from there and watch it. That's all thanks for watching for now.
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