Robert Kiyosaki - Book Summary The Business Of The 21st Century
Summary
TLDRThe video script explores the potential of network marketing as a path to financial freedom in the 21st century. It emphasizes the importance of shifting from traditional employment to entrepreneurial thinking, particularly in the B and I quadrants of cash flow. Highlighting the value of passive income, the script details the benefits of building a network marketing business that not only generates income but also creates assets. It underscores the need for financial education, the power of personal networks, and the significance of leadership in achieving success. The script encourages viewers to embrace the entrepreneurial spirit, build wealth through assets, and live out their dreams by leveraging network marketing as a modern business model.
Takeaways
- ๐ Network marketing is positioned as a path to financial freedom and personal success in the 21st century, emphasizing the importance of helping others succeed as a means to personal triumph.
- ๐ Robert Kiyosaki's book highlights the benefits of network marketing, offering strategies and skills for achieving success in the industry, and the steps to build a thriving enterprise from the ground up.
- ๐ The script discusses the troubled economic times, with rising unemployment, financial instability, and the diminishing sense of job security, suggesting that traditional safety nets are no longer reliable.
- ๐ The concept of shifting from an employee (E quadrant) to a self-employed (S quadrant), business owner (B quadrant), and investor (I quadrant) mindset is crucial for wealth creation and financial independence.
- ๐ผ The script challenges the traditional corporate ladder approach, suggesting that it often leads to subordination and a lack of control over one's financial future.
- ๐ก Entrepreneurialism is presented as a response to economic downturns, with people seeking more control over their lives and income, and network marketing as a viable option for those looking to break out of their comfort zones.
- ๐ฐ The importance of understanding the quality of money earned, and the different sources of cash flow, is emphasized for achieving financial success.
- ๐๏ธ The script suggests that building wealth is not about working hard but working smart, focusing on passive income and assets that generate income, rather than linear income tied to personal efforts.
- ๐ค Network marketing is described as a relationship business that leverages personal networks for growth, where success is tied to the ability to build strong relationships and replicate success across a network.
- ๐ข The script points out that network marketing offers an alternative to traditional employment, providing an opportunity for unlimited income potential, self-esteem improvement, and control over one's time.
- ๐ฉโ๐ซ The importance of financial education is underscored, with network marketing serving as a platform for learning financial skills that traditional education often overlooks.
Q & A
What is the main theme of the book 'The Business of the 21st Century' by Robert Kiyosaki?
-The main theme of the book is to explore the benefits and strategies of network marketing as a path to financial freedom and personal success in the modern economy.
How does network marketing differ from traditional employment according to the script?
-Network marketing differs as it is based on helping others succeed, which in turn leads to one's own success, and it allows for the creation of passive income through a personal network of consumers, unlike traditional employment which is often linear and tied to personal efforts.
What are the four distinct sources of cash flow mentioned in the script?
-The four sources of cash flow are the E (Employee) quadrant, the S (Self-employed) quadrant, the B (Business owner) quadrant, and the I (Investor) quadrant.
Why is it important to shift from the E and S quadrants to the B and I quadrants according to Kiyosaki?
-Shifting to the B and I quadrants is important because it allows individuals to create wealth by building assets that generate income, providing more financial security and independence, rather than relying solely on earned income.
What is the concept of passive income and why is it significant in network marketing?
-Passive income, also known as residual income, is an income source that continues to flow without the need for continuous active work. It is significant in network marketing because it allows for the creation of a sustainable income stream that is not limited by personal efforts.
How does network marketing provide an opportunity for personal growth and development?
-Network marketing provides personal growth and development by teaching essential business skills, encouraging leadership qualities, and fostering a mindset of entrepreneurship, which can be applied beyond the network marketing industry.
What is the significance of the 'Five-Year Plan' in building a successful network marketing business?
-The 'Five-Year Plan' signifies a commitment to long-term growth and development in the network marketing business. It emphasizes the importance of patience, dedication, and the understanding that building a successful business takes time and consistent effort.
Why is financial education important for individuals involved in network marketing?
-Financial education is crucial as it equips individuals with the knowledge to manage their earnings effectively, make sound investment decisions, and understand the cash flow dynamics that contribute to long-term wealth creation.
How does network marketing offer an advantage to women in terms of wealth building?
-Network marketing offers advantages such as flexibility, scalability of income, and the opportunity to work from home, which are particularly beneficial for women who may have family responsibilities or face career limitations in traditional employment.
What are some of the misconceptions about building wealth through network marketing that the script addresses?
-Some misconceptions include the belief that hard work alone will make one rich, or that network marketing requires exceptional sales skills. The script emphasizes the importance of understanding cash flow, building assets, and the power of passive income in wealth creation.
What role does personal development play in the success of a network marketing business?
-Personal development plays a critical role as it helps individuals to grow their abilities, enhance their leadership skills, and adopt the right mindset for success in network marketing, which is more about building relationships and a team rather than just selling products.
Outlines
๐ Introduction to Network Marketing and Financial Freedom
The first paragraph introduces the concept of network marketing as a pathway to financial freedom in the 21st century. It discusses the book by Robert Kiyosaki that outlines the benefits and strategies for success in this industry. The paragraph emphasizes the importance of helping others succeed as a means to personal triumph. It also touches on the economic challenges faced by many, including unemployment, the AI revolution's impact on jobs, and the 2008 financial crisis's effects on retirement portfolios and real estate. The text calls for a shift in mindset from traditional job security to entrepreneurialism, highlighting the desire for more control over one's life and the potential of network marketing to provide that.
๐ข Understanding the Cash Flow Quadrants and Business Ownership
This paragraph delves into the different cash flow quadrants as described by Robert Kiyosaki: the E (Employee), S (Self-employed), B (Business owner), and I (Investor) quadrants. It explains the transition from being employed by a business to owning a business that works for you, creating recession-proof enterprises. The focus is on the B and I quadrants, where individuals have control over their income and can build wealth through investments in assets like real estate or businesses. The importance of adopting the right mindset and the value of passive income are highlighted, along with the potential of network marketing to generate such income.
๐ The Power of Network Marketing and Personal Word of Mouth
The third paragraph discusses the power of network marketing, emphasizing its growth into a global industry with significant annual sales. It mentions the potential recognition by billionaires like Warren Buffett and Richard Branson. The text explains how network marketers can benefit from the purchases of people they refer, creating a win-win situation for both the company and the individual. The importance of building assets that generate income, rather than focusing solely on earning more, is stressed, illustrating the concept of escaping the financial trap through network marketing.
๐ The Importance of Financial Education and Building Wealth
This paragraph underscores the necessity of financial education for success in network marketing and life. It distinguishes between scholastic, professional, and financial education, highlighting the latter's role in teaching how to make money work for you. The text also discusses the benefits of starting a network marketing business in terms of tax advantages and theๆญๅผ็ฅ็ง้ข็บฑ of the B quadrant. It encourages changing one's identity from someone who seeks safety to an entrepreneur who builds wealth, stressing the importance of persistence and vision in achieving success.
๐ผ Leadership and the Path to Financial Freedom in Network Marketing
The fifth paragraph focuses on the elements of leadership essential for success in network marketing, which includes developing one's mind, spirit, body, and emotions. It emphasizes that success in this field is about building strong relationships and caring for the success of others in the network. The text outlines a four-step path to financial freedom, which includes building a business, reinvesting in it, investing in real estate, and using assets to buy luxuries. It also discusses theไธๅ็ฑปๅ็็ๆขฆๆณๅฎถ and encourages dreaming big and achieving those dreams through network marketing.
๐ฉโ๐ผ Empowering Women Through Network Marketing
This paragraph specifically addresses the benefits of network marketing for women, providing six reasons why they should consider this path for building wealth. It discusses the lack of financial literacy among women, the desire to avoid dependency, and the challenges of the corporate glass ceiling. The text highlights the scalability of income in network marketing, the potential for increased self-esteem, and the flexibility it offers for managing family and work life. It also advises on choosing a network marketing company that prioritizes education and personal development.
๐ The Future of Business: Network Marketing and Entrepreneurship
The final paragraph wraps up the discussion by emphasizing network marketing as the business model of the future, offering a path to financial freedom and personal fulfillment. It points out that traditional education often fails to teach the necessary financial skills, making network marketing an excellent avenue for learning. The paragraph also highlights the potential of women in network marketing and the importance of selecting a company that fosters education and personal growth, ultimately encouraging readers to embrace entrepreneurship and shift their mindset towards building wealth.
Mindmap
Keywords
๐กNetwork Marketing
๐กFinancial Freedom
๐กQuadrants
๐กPassive Income
๐กEntrepreneurialism
๐กEconomic Crisis
๐กPersonal Development
๐กInvestment
๐กLeadership
๐กEducation
๐กRisk
Highlights
Network marketing can lead to financial freedom and is considered the business model of the 21st century.
Robert Kiyosaki's book emphasizes the benefits of network marketing and strategies for success in the industry.
The book outlines steps to build a thriving enterprise from selecting the right business model to growing the business.
Economic crises have led to job insecurity and financial instability, prompting interest in alternative income sources like network marketing.
The traditional corporate ladder often requires subordination and following orders, unlike the autonomy offered by network marketing.
During economic downturns, entrepreneurialism increases as people seek creative ways to make ends meet.
Surveys show that a majority of Americans would rather work for themselves, reflecting a desire for more control over their lives.
The four cash flow quadrants (E, S, B, I) represent different mindsets and approaches to wealth building.
The B quadrant is where people create recession-proof businesses and control their own income.
Kiyosaki advises living in the B and I quadrants, focusing on investing in assets that generate income.
Network marketing leverages personal word-of-mouth to generate sales, creating a win-win situation for both the company and representatives.
Building assets that generate income is key to escaping the financial trap and achieving financial freedom.
Network marketing provides an opportunity to earn passive income, which is crucial for transitioning out of full-time jobs.
Financial education is essential for success in network marketing and achieving wealth through understanding cash flow.
Network marketing businesses should be built in a way that can be easily replicated by others for maximum success.
Leadership in network marketing involves developing others to achieve their dreams and build a strong, viable network.
The four elements of leadership include mind, spirit, body, and emotions, which are crucial for building a successful team.
A four-step path to financial freedom in network marketing includes building a business, reinvesting, investing in real estate, and letting assets buy luxuries.
Network marketing encourages dreaming big and provides a platform to start living those dreams immediately.
Women can excel in network marketing due to their natural ability to build relationships and the flexibility it offers for family life.
Choosing the right network marketing company that prioritizes education and personal development is crucial for success.
Success in network marketing does not require an MBA or sales skills but rather personal growth, the right attitude, and patience.
Network marketing is a level playing field that rewards hard work and determination regardless of background or popularity.
Transcripts
ready for a peek into the business model
of the future network marketing can open
doors to Financial Freedom and The
Business of the 21st century is here to
show you how
imagine creating a world where helping
others succeed is the key to your own
Triumph it sounds amazing right within
Robert kiyosaki's Book You'll discover
the incredible benefits of network
marketing and proven strategies and
skills for industry success
the book explains the essential steps to
build and grow a thriving Enterprise
from the ground up
learn how to select the perfect business
model tailored to your needs and goals
feel inspired and encouraged by the
endless potential waiting for you all
you need is Drive ambition and
determination
we live in troubled times with fear and
panic in the headlines and boardrooms
layoffs are reaching a quarter million
per month with unemployment at 10
percent and still Rising with the AI
Revolution this may even get worse a USA
Today survey found that 60 of Americans
thought the economic situation was the
most severe crisis of their lifetime
people saw their retirement portfolio
lose half its value and real estate
crashed in 2008. suddenly job security
vanished leaving countless individuals
on the edge of financial disaster the
number of people living officially below
the poverty line is rising rapidly more
people are working beyond the age of 65.
right now a small percentage of
Americans own their homes mortgage
foreclosures are at an all-time high
savings accounts are smaller family debt
is greater and many Americans do not
have enough to retire all this bad news
has gotten your attention so let's take
a deeper look and see what it really
means
it's a new century
many thought their 401K retirement plans
were safe but everything could go wrong
the old safety nets just won't hold up
anymore and people are listening and
learning if you have spent years
climbing the corporate ladder you have
probably noticed that your position
often requires you to be subordinate to
someone else constantly following their
lead and taking orders from them
the business of the 21st century is
about changing that don't be fooled
again when gas prices hit four dollars a
gallon in 2008 SUV sales dropped
dramatically but in 2009 when prices
fell back to below two dollars people
began buying them again don't let the
headlines distract you they have nothing
to do with what you need to do today to
build your future even during the Great
Depression some people made fortunes but
Millions ended up struggling or broke
it all depends on you not the economy
as the economy slows down
entrepreneurialism heats up like a
stoked up wood stove on a cold winter
night
people get creative and break out of
their comfort zones to help make ends
meet during tough Economic Times
72 percent of all adult Americans would
rather work for themselves
67 regularly or constantly contemplate
quitting their jobs in fact people crave
more control over their lives the myth
of job security is crumbling before
their eyes
entrepreneurial fever kicks into high
gear during economic downturns a survey
found that most U.S voters believe
entrepreneurship is the key to solving
the current economic crisis maybe those
voters will get off their duffs and do
something about it
according to Forbes people who make over
one million dollars a year are defined
as rich and those who make under 25
000 a year are considered poor
however your financial standing isn't
determined by your income or net worth
you must also consider the quality of
money you earn this is determined by the
source of cash flow there are four
distinct sources of cash flow
the E employee quadrant our educational
system and culture train most of us to
learn live love and leave this life
within the E quadrant you might recall
the familiar advice go to school study
hard and get good grades and find a good
job with benefits at a great company
it's a well-trodden path but is it the
only way to achieve fulfillment in life
the S self-employed quadrant people
migrate from the e quadrant to the S
quadrant to pursue the American dream
but whether you're earning eight dollars
an hour or eighty thousand dollars a
year you just changed bosses in a sense
the S quadrant can feel like a form of
slavery you might think you own your
business but in reality your business
owns you
when you have an S business you are
employed by it whereas when you own a b
business it works for you it is where
people go to create recession-proof
businesses to control their own income
the B business owner quadrant when you
have an S business you are employed by
it whereas when you own a b business it
works for you it is where people go to
create recession-proof businesses to
control their own income
the I investor quadrant kiyosaki's
advice is all about living in the B and
I quadrant and he used the classic game
of Monopoly to teach this concept what's
the winning strategy you build four
greenhouses and then upgrade to one red
Hotel the same principles apply to
real-life wealth building you should
focus on investing in assets that
generate income like real estate or
businesses to make a change you need to
switch quadrants at least eighty percent
of people live in the e and s quadrants
where grades and job titles determine
success but in the B and I quadrant you
determine your own income allowing you
to weather economic storms
the four quadrants are not just four
different business structures but also
four different mindsets people are a
combination of each of these characters
and you can identify which quadrant
someone is living in by the words they
use here are the core values of each
e quadrant value security and might
consider starting their own business too
risky
s quadrant small business owners
professionals or commissioned
salespeople they desire Independence and
freedom
B quadrant values wealth building and
teamwork and desire to serve others they
can make money while away from their
business
I quadrant investing in gold coins real
estate businesses and paper assets like
stocks bonds and mutual funds
most employees invest in mutual funds or
savings and different quadrants invest
in different ways for example a person
in the S quadrant might not invest in
real estate because he doesn't want to
fix toilets while a b quadrant investor
would simply hire a property management
company to take care of it different
mindsets different values it's all about
where you stand if you want to take
control of your life you need to make a
change it's not about finding a new job
it's about shifting your focus to the B
and I quadrants if that's the kind of
rich life you want to live then it's
time to make a move
if you want to get rich you're going to
have to move you don't need a new job
you need a new address
Robert T Kiyosaki
shifting from one cash flow quadrant to
another means adopting the mindset of an
entrepreneur it is all about being
self-determining
entrepreneurs are the richest people
many live rich lives without attracting
media attention the beauty of the
business of the 21st century is that all
the groundwork of the business is
already done for you you make things
happen which means you don't get to
blame anyone or anything outside
yourself
becoming financially free doesn't take
money nor does it take a good formal
education it takes a dream a lot of
determination a willingness to learn
quickly and an understanding of the cash
flow quadrant
hard work will not make you rich
most people have been brainwashed to
believe that if you work hard you'll be
okay
but there are tons of evidence to the
contrary many people who work hard and
are most definitely not okay conclude it
is their fault
the hard-working myth is just that a
myth Building Wealth and Financial
Freedom takes hard work but the question
is what is hard work doing
the power of passive income
imagine having an income source that
functions like a spring-loaded faucet
once activated it will continue to flow
this is the concept of passive income
also known as residual income to achieve
this shifting into the B quadrant is a
crucial step but not all businesses
create passive income the good news
there is a business model that allows
you to work flexibly while generating
enough cash flow to transition out of
your full-time job
it's a simple yet brilliant concept
instead of spending a fortune on
marketing channels to promote your
products why not pay the people who love
the most to spread the word
that's what network or multi-level
marketing companies do they pay a part
of every sales dollar to their
independent Representatives who are
often the most committed consumers of
the products
you might be skeptical thinking can a
group of ordinary people without
marketing skills generate large sales
the answer is yes and the secret lies in
the power of personal Word of Mouth in
network marketing Representatives can
benefit from the purchases of the people
they refer as well as the purchases of
the referrals of those people this
creates a win-win situation the company
gains impressive Market penetration when
you generate cash flow
network marketing has grown into a
massive industry with over 110 billion
dollars in annual sales globally even
billionaires like Warren Buffett and
Richard Branson understand the potential
of network marketing
many Network marketers don't grasp the
real worth of what they have in their
hands they're too focused on earning
more income without realizing that the
key lies in building assets that
generate income this is the secret to
escaping the financial trap most people
find themselves in
earning income is a limited and linear
process it's tied to your personal
efforts which means you can never break
free from the cycle in fact the more you
earn the tighter The Noose around your
neck becomes when you build a network
marketing business you are building an
asset that works for you so you don't
have to work for the rest of your life
this is the powerful thing about living
in the B quadrant discover how network
marketing can create wealth and learn
about the different Assets in the
following story shots sit back relax and
get ready to change your perspective on
what it means to be wealthy
if you want to be financially successful
you need three different types of
Education Scholastic professional and
Financial
while professional education prepares
you for life in the e and s quadrants
its Financial education that teaches you
how to make money work for you rather
than working for money
Business Schools train students to be
business Executives for the rich
important skills for a business owner
being an entrepreneur and building a b
quadrant business is difficult you need
to learn technical skills that you
probably did not learn in school like
getting organized and setting your own
agenda
many people do not have basic skills
like balancing a checkbook writing a
financial plan and reading an annual
report
enjoy the tax advantages of the rich
most people do not know what tax
advantages the rich enjoy but they can
enjoy them too and put significant
amounts of money in their pockets thanks
to recent changes in tax policies it is
easier to create a benefits package that
beats out what large corporations offer
by starting a network marketing business
in your spare time you gain the tax
advantages of the rich
most people have no clue what it's like
to be in the B quadrant and network
marketing pulls away the veil of mystery
and shows you life in the B quadrant
becoming rich is not just about putting
your lucky 50 cent piece into the right
slot machine it's about changing Who You
Are
success is subjective some seek to
supplement their income While others
search for a business opportunity that
promises greater income and an improved
lifestyle
the winner and loser in you
each of us has a winner and a loser
inside of us and the loser often
dominates the winner is up for the risk
while the loser thinks only of Safety
and Security it's ironic that the loser
yaps and squawks about Safety and
Security but ends up stuck in a career
and a life that is never truly safe or
secure
most people can't keep going handle
disappointment and never lose sight of
the vision of where they're going
but that's the single most important
attribute you can learn from building
your own network marketing business
if you want to create a different
economy in your life you may need to
make new friends the rich network with
other rich people the poor network with
other poor people and the middle class
hang out with other middle class people
many people hang out with people who
hold them back financially in a network
marketing business you should spend time
with people who can help you become rich
network marketing provides great
business education and a whole new world
of friends
the direct selling Association reports
that many Network marketers value their
social network higher than their income
the power is not in the product the
power is in the network if you want to
become rich the best strategy is to
build a strong viable and growing
Network the richest people in the world
build networks not products Sam Walton
built a distribution Network that
delivered Goods Bill Gates did not
manufacture computers rather he
developed the operating system that ran
on them Jeff Bezos built Amazon's online
Network the power is not in the product
the power is in the network if you want
to become rich the best strategy is to
find a way to build a strong viable
growing Network Robert Kiyosaki
success in network marketing isn't about
being a natural-born salesperson instead
it's about building strong relationships
and caring about the success of those
you introduced to the business
if you are an amazing uniquely skilled
Superstar salesperson you will do great
in sales but lousy in network marketing
because most people in your network
won't be able to duplicate what you do
if you want to be successful in network
marketing build your business in a way
that virtually anyone else can readily
copy
money does not go to the business with
the best products or Services money
flows to the business with the best
leaders network marketing encourages
growth and Success Through the success
of its leaders network marketing
develops the type of leader who
influences others by being a great
teacher teaching others to fulfill their
life's Dreams by teaching others to go
for their dreams
four elements of leadership
traditional schools train you to be a
good employee but military schools
prepare you to be a great leader by
focusing on your mind Spirit body and
emotions
if you don't help develop these four
elements in your team you will fail
if you stop working today how long could
you survive financially wealth is the
ability to survive so many days forward
measured in time one reason the rich get
richer is that they work to build wealth
not to generate income a network
marketing business is an engine of
personal wealth creation
the four-step path to Financial Freedom
let's look at how this sequence works
one build a business to generate a lot
of money it can be a lot like raising a
child both require patience dedication
and time to grow it typically takes
about five years to get it off the
ground and thriving
two reinvest in your business don't use
your business as an income source to
live on a lot of first-time Network
marketers make this mistake because they
are still living in the E quadrant if
you use all the income to cover your
monthly living expenses then you're not
actually building a business you're just
creating another job for yourself
three invest in real estate use your
business income to buy real estate a
common misconception is that the main
goal is to buy a property at a cheap
price and sell it at a higher price
later but the true purpose is to build
an income generating asset
four let your assets buy luxuries luxury
means something that you want and enjoy
something beyond what you need let your
business and or your real estate
Investments buy it for you you need to
build those assets to a point where they
can provide you with that freedom for
example for many years Kim and Robert
Kiyosaki lived in a small house and
drove average cars they put any extra
cash they generated into building their
business and investing in real estate
thanks to their dedication to their
assets today they now have a large home
and six luxury cars between them
they did not buy these luxuries with
their own money but instead their assets
bought them
network marketing companies stress the
importance of going for your dreams and
encourage you to dream big what matters
is striving learning and doing your best
to develop your personal power to afford
the big house and who you become in the
process
everyone has dreams but not everyone
dreams in the same way
kiyosaki's rich dad taught him that
there are five kinds of dreamers
dreamers who dream in the past people
who believe that their greatest
achievements are behind them will
probably just shake their heads and say
the world has gone to hell
dreamers who dream only small dreams
some people limit themselves to small
dreams because of a lack of confidence
but never reach these goals because of
fear of taking a risk
those who achieve a dream and then live
bored
most of us aspire to become this type of
person and it begins by changing our
dreams with network marketing you can
start living your dreams right away even
if it is small at first this mindset
shift will help you go from I can't to I
can and from being a victim of
circumstance to being in charge of your
life
those who Dream Big Dreams but with no
plan on how to go about achieving them
so they end up with nothing
some people have ambitious goals but
fail to look for a team to assist them
they should make a plan find a team and
keep dreaming big
those who dream big achieve those dreams
and go on to dream even bigger dreams
network marketing encourages you to live
your dreams right from the get-go rather
than waiting for retirement when you
embark on your journey you begin to
experience your dreams even if it's in
small ways at first
network marketing is a relationship
business and women excel at building
relationships coaching training teaching
and mentoring it is also a home-based
business which makes it uniquely
compatible with the demands of raising a
family here are six reasons to support
why women need to learn how to build
their own wealth 1. the statistics more
women lack the financial literacy to
take care of themselves particularly as
they Age We dedicate a lifetime to
taking care of our families yet don't
have the skills to provide for ourselves
2. avoiding dependency if women depend
on a husband boss or anyone else for
their financial future they should think
twice
three no glass ceiling since the 2008
financial crisis corporate employees
particularly women face the significant
challenge of facing a glass ceiling in
their careers
4. no limits on income the glass ceiling
and wage inequality between men and
women in the job market limit the amount
of income a woman can make but a network
marketing business is fully scalable
5. increased self-esteem a network
marketing business can help women
improve their self-esteem it leads to
Greater success and freedom
6. control of your time
network marketing allows women to build
wealth from the comfort of their own
homes working with the flexibility of
phone and computer work in half hour
increments suitable for their schedules
and circumstances
newcomers to network marketing often
sign up with the first opportunity they
hear about when you look around it's
crucial to consider whether the company
will help you learn how to become a
master Network Builder
the most important thing about a network
marketing company is that it develops
you as a strong B quadrant individual
what it takes
what does it take to build your own
successful network marketing business
first let's look at what it doesn't take
you don't need an MBA or high-powered
business background you don't have to be
great at sales you don't need to quit
your job you don't need to be rich or
take out a second mortgage on your home
you don't need to be a genius at
negotiation or a whiz at numbers
here is a list of things that are not
needed to build a successful network
marketing business now let's review what
is required it takes being honest with
yourself it takes the right attitude it
takes real growth it takes time
The Five-Year Plan
commit to at least five years of
learning growing changing your core
values and meeting new friends it takes
time to build great companies and great
Business Leaders
ten thousand hours do the math if you
work eight hours a day five days a week
you hit the ten thousand hour mark after
five years of full-time effort Robert T
Kiyosaki
money and real estate do not make you
rich ultimately it is your knowledge and
financial intelligence that make you
rich academic intelligence does not
equate to financial intelligence a
person can possess high levels of one
yet be lacking in the other it's
important to know how to
one make more money
two protect your money
three budget your money
four leverage your money
your network marketing business should
not just focus on making money focus on
advancing your abilities and education
when running your business so that you
can use the extra money to create real
wealth
gain control over your future with the
business of the 21st Century
network marketing provides an
opportunity for people of all ages
backgrounds and skill levels it is an
equal opportunity that rewards hard work
and determination no matter race looks
family background or popularity this
makes it the business of the future
network marketing is more than an idea
it is revolutionizing the business model
giving people control of their lives and
Futures it is not suited to Greed as it
requires helping others to get rich
the business of the 21st century is all
about shifting our mindset from a
traditional perspective to that of an
entrepreneur
the economy has caused many to look for
alternative ways to earn money and
Entrepreneurship has increased a key
aspect is understanding the different
cash flow quadrants and how they affect
our financial well-being the book
endorses network marketing as a path to
wealth and growth network marketing
offers an opportunity to become rich by
helping others become successful
it is the business model of the future
providing a path to Financial Freedom
and personal fulfillment
traditional education doesn't teach the
right Financial skills so network
marketing is a great way to learn
Robert Kiyosaki emphasizes the potential
of women in network marketing he
encourages you to pick a company that
prioritizes education and personal
development
so what did you learn from reading the
business of the 21st century did you
discover new insights into the world of
Entrepreneurship
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