Robert Kiyosaki - Book Summary The Business Of The 21st Century

LifeLongLearners
19 Jun 202325:50

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

  • ๐ŸŒŸ 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.
  • ๐Ÿ“š 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.
  • ๐Ÿš 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.
  • ๐Ÿ”„ 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.
  • ๐Ÿ’ผ 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.
  • ๐Ÿ’ก 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.
  • ๐Ÿ’ฐ The importance of understanding the quality of money earned, and the different sources of cash flow, is emphasized for achieving financial success.
  • ๐Ÿ˜๏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.
  • ๐Ÿค 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.
  • ๐Ÿข 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.
  • ๐Ÿ‘ฉโ€๐Ÿซ 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

00:00

๐Ÿš€ 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.

05:02

๐Ÿข 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.

10:02

๐ŸŒŸ 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.

15:05

๐Ÿ“š 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 theๆญๅผ€็ฅž็ง˜้ข็บฑ 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.

20:07

๐Ÿ’ผ 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 theไธๅŒ็ฑปๅž‹็š„็š„ๆขฆๆƒณๅฎถ and encourages dreaming big and achieving those dreams through network marketing.

25:09

๐Ÿ‘ฉโ€๐Ÿ’ผ 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.

๐ŸŒ 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

๐Ÿ’กNetwork Marketing

Network Marketing refers to a business model where individuals earn income not only from their sales but also from the sales made by the people they recruit. It is central to the video's theme as it is presented as a path to financial freedom and entrepreneurial success. The script discusses the benefits and strategies for success in network marketing, emphasizing personal growth and the power of word-of-mouth.

๐Ÿ’กFinancial Freedom

Financial Freedom is the state of having control over one's financial life and not being dependent on traditional employment for income. The video presents network marketing as a means to achieve this state by building a business that generates passive income. It is exemplified in the script by the idea of creating a world where helping others succeed leads to personal triumph.

๐Ÿ’กQuadrants

The Quadrants concept, derived from Robert Kiyosaki's teachings, categorizes cash flow and business models into four quadrants: Employee (E), Self-Employed (S), Business Owner (B), and Investor (I). The video emphasizes the importance of shifting from the E and S quadrants to the B and I quadrants for wealth creation and financial independence.

๐Ÿ’กPassive Income

Passive Income is income earned with little to no effort after an initial investment of time and money. The video discusses the significance of passive income in the context of network marketing, where once a business is established, it can continue to generate income even when the individual is not actively working.

๐Ÿ’กEntrepreneurialism

Entrepreneurialism is the spirit of creating something new, innovating, and taking on risks to start a business. The video encourages embracing entrepreneurialism, especially during economic downturns, as a way to break out of traditional employment and create wealth.

๐Ÿ’กEconomic Crisis

The Economic Crisis mentioned in the script refers to challenging financial times, such as high unemployment rates and market crashes. The video uses the context of an economic crisis to highlight the importance of network marketing as an alternative to traditional employment.

๐Ÿ’กPersonal Development

Personal Development in the video is about growing one's skills, knowledge, and mindset to achieve success in network marketing. It is not just about financial gain but also about self-improvement, which is essential for becoming a successful network marketer.

๐Ÿ’กInvestment

Investment in the video is discussed in the context of building assets that generate income, such as real estate or businesses. It is part of the strategy to move from earning income to building wealth, which is a key message in the video.

๐Ÿ’กLeadership

Leadership in the script is portrayed as a critical skill for success in network marketing. It involves influencing others, teaching, and helping them achieve their dreams. The video emphasizes that network marketing is not about individual sales prowess but about building a team and leading it to success.

๐Ÿ’กEducation

Education in the video is not limited to academic learning but extends to financial literacy and understanding the cash flow quadrants. It is presented as a necessary component for success in network marketing and for achieving financial freedom.

๐Ÿ’กRisk

Risk in the context of the video is associated with venturing into network marketing and stepping out of traditional employment. The video encourages taking calculated risks and highlights that success often requires moving beyond comfort zones and embracing uncertainty.

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

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ready for a peek into the business model

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of the future network marketing can open

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doors to Financial Freedom and The

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Business of the 21st century is here to

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show you how

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imagine creating a world where helping

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others succeed is the key to your own

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Triumph it sounds amazing right within

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Robert kiyosaki's Book You'll discover

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the incredible benefits of network

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marketing and proven strategies and

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skills for industry success

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the book explains the essential steps to

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build and grow a thriving Enterprise

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from the ground up

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learn how to select the perfect business

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model tailored to your needs and goals

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feel inspired and encouraged by the

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endless potential waiting for you all

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you need is Drive ambition and

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determination

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we live in troubled times with fear and

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panic in the headlines and boardrooms

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layoffs are reaching a quarter million

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per month with unemployment at 10

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percent and still Rising with the AI

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Revolution this may even get worse a USA

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Today survey found that 60 of Americans

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thought the economic situation was the

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most severe crisis of their lifetime

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people saw their retirement portfolio

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lose half its value and real estate

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crashed in 2008. suddenly job security

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vanished leaving countless individuals

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on the edge of financial disaster the

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number of people living officially below

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the poverty line is rising rapidly more

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people are working beyond the age of 65.

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right now a small percentage of

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Americans own their homes mortgage

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foreclosures are at an all-time high

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savings accounts are smaller family debt

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is greater and many Americans do not

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have enough to retire all this bad news

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has gotten your attention so let's take

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a deeper look and see what it really

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means

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it's a new century

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many thought their 401K retirement plans

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were safe but everything could go wrong

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the old safety nets just won't hold up

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anymore and people are listening and

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learning if you have spent years

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climbing the corporate ladder you have

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probably noticed that your position

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often requires you to be subordinate to

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someone else constantly following their

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lead and taking orders from them

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the business of the 21st century is

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about changing that don't be fooled

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again when gas prices hit four dollars a

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gallon in 2008 SUV sales dropped

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dramatically but in 2009 when prices

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fell back to below two dollars people

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began buying them again don't let the

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headlines distract you they have nothing

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to do with what you need to do today to

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build your future even during the Great

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Depression some people made fortunes but

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Millions ended up struggling or broke

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it all depends on you not the economy

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as the economy slows down

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entrepreneurialism heats up like a

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stoked up wood stove on a cold winter

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night

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people get creative and break out of

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their comfort zones to help make ends

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meet during tough Economic Times

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72 percent of all adult Americans would

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rather work for themselves

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67 regularly or constantly contemplate

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quitting their jobs in fact people crave

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more control over their lives the myth

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of job security is crumbling before

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their eyes

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entrepreneurial fever kicks into high

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gear during economic downturns a survey

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found that most U.S voters believe

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entrepreneurship is the key to solving

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the current economic crisis maybe those

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voters will get off their duffs and do

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something about it

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according to Forbes people who make over

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one million dollars a year are defined

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as rich and those who make under 25

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000 a year are considered poor

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however your financial standing isn't

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determined by your income or net worth

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you must also consider the quality of

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money you earn this is determined by the

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source of cash flow there are four

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distinct sources of cash flow

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the E employee quadrant our educational

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system and culture train most of us to

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learn live love and leave this life

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within the E quadrant you might recall

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the familiar advice go to school study

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hard and get good grades and find a good

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job with benefits at a great company

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it's a well-trodden path but is it the

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only way to achieve fulfillment in life

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the S self-employed quadrant people

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migrate from the e quadrant to the S

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quadrant to pursue the American dream

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but whether you're earning eight dollars

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an hour or eighty thousand dollars a

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year you just changed bosses in a sense

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the S quadrant can feel like a form of

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slavery you might think you own your

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business but in reality your business

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owns you

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when you have an S business you are

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employed by it whereas when you own a b

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business it works for you it is where

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people go to create recession-proof

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businesses to control their own income

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the B business owner quadrant when you

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have an S business you are employed by

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it whereas when you own a b business it

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works for you it is where people go to

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create recession-proof businesses to

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control their own income

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the I investor quadrant kiyosaki's

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advice is all about living in the B and

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I quadrant and he used the classic game

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of Monopoly to teach this concept what's

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the winning strategy you build four

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greenhouses and then upgrade to one red

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Hotel the same principles apply to

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real-life wealth building you should

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focus on investing in assets that

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generate income like real estate or

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businesses to make a change you need to

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switch quadrants at least eighty percent

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of people live in the e and s quadrants

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where grades and job titles determine

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success but in the B and I quadrant you

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determine your own income allowing you

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to weather economic storms

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the four quadrants are not just four

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different business structures but also

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four different mindsets people are a

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combination of each of these characters

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and you can identify which quadrant

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someone is living in by the words they

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use here are the core values of each

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e quadrant value security and might

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consider starting their own business too

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risky

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s quadrant small business owners

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professionals or commissioned

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salespeople they desire Independence and

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freedom

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B quadrant values wealth building and

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teamwork and desire to serve others they

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can make money while away from their

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business

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I quadrant investing in gold coins real

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estate businesses and paper assets like

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stocks bonds and mutual funds

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most employees invest in mutual funds or

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savings and different quadrants invest

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in different ways for example a person

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in the S quadrant might not invest in

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real estate because he doesn't want to

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fix toilets while a b quadrant investor

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would simply hire a property management

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company to take care of it different

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mindsets different values it's all about

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where you stand if you want to take

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control of your life you need to make a

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change it's not about finding a new job

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it's about shifting your focus to the B

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and I quadrants if that's the kind of

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rich life you want to live then it's

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time to make a move

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if you want to get rich you're going to

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have to move you don't need a new job

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you need a new address

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Robert T Kiyosaki

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shifting from one cash flow quadrant to

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another means adopting the mindset of an

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entrepreneur it is all about being

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self-determining

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entrepreneurs are the richest people

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many live rich lives without attracting

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media attention the beauty of the

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business of the 21st century is that all

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the groundwork of the business is

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already done for you you make things

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happen which means you don't get to

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blame anyone or anything outside

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yourself

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becoming financially free doesn't take

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money nor does it take a good formal

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education it takes a dream a lot of

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determination a willingness to learn

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quickly and an understanding of the cash

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flow quadrant

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hard work will not make you rich

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most people have been brainwashed to

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believe that if you work hard you'll be

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okay

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but there are tons of evidence to the

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contrary many people who work hard and

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are most definitely not okay conclude it

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is their fault

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the hard-working myth is just that a

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myth Building Wealth and Financial

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Freedom takes hard work but the question

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is what is hard work doing

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the power of passive income

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imagine having an income source that

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functions like a spring-loaded faucet

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once activated it will continue to flow

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this is the concept of passive income

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also known as residual income to achieve

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this shifting into the B quadrant is a

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crucial step but not all businesses

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create passive income the good news

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there is a business model that allows

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you to work flexibly while generating

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enough cash flow to transition out of

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your full-time job

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it's a simple yet brilliant concept

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instead of spending a fortune on

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marketing channels to promote your

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products why not pay the people who love

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the most to spread the word

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that's what network or multi-level

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marketing companies do they pay a part

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of every sales dollar to their

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independent Representatives who are

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often the most committed consumers of

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the products

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you might be skeptical thinking can a

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group of ordinary people without

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marketing skills generate large sales

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the answer is yes and the secret lies in

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the power of personal Word of Mouth in

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network marketing Representatives can

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benefit from the purchases of the people

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they refer as well as the purchases of

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the referrals of those people this

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creates a win-win situation the company

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gains impressive Market penetration when

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you generate cash flow

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network marketing has grown into a

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massive industry with over 110 billion

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dollars in annual sales globally even

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billionaires like Warren Buffett and

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Richard Branson understand the potential

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of network marketing

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many Network marketers don't grasp the

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real worth of what they have in their

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hands they're too focused on earning

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more income without realizing that the

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key lies in building assets that

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generate income this is the secret to

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escaping the financial trap most people

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find themselves in

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earning income is a limited and linear

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process it's tied to your personal

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efforts which means you can never break

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free from the cycle in fact the more you

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earn the tighter The Noose around your

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neck becomes when you build a network

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marketing business you are building an

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asset that works for you so you don't

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have to work for the rest of your life

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this is the powerful thing about living

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in the B quadrant discover how network

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marketing can create wealth and learn

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about the different Assets in the

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following story shots sit back relax and

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get ready to change your perspective on

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what it means to be wealthy

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if you want to be financially successful

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you need three different types of

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Education Scholastic professional and

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Financial

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while professional education prepares

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you for life in the e and s quadrants

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its Financial education that teaches you

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how to make money work for you rather

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than working for money

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Business Schools train students to be

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business Executives for the rich

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important skills for a business owner

play11:58

being an entrepreneur and building a b

play12:00

quadrant business is difficult you need

play12:03

to learn technical skills that you

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probably did not learn in school like

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getting organized and setting your own

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agenda

play12:09

many people do not have basic skills

play12:11

like balancing a checkbook writing a

play12:14

financial plan and reading an annual

play12:16

report

play12:17

enjoy the tax advantages of the rich

play12:21

most people do not know what tax

play12:23

advantages the rich enjoy but they can

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enjoy them too and put significant

play12:28

amounts of money in their pockets thanks

play12:30

to recent changes in tax policies it is

play12:33

easier to create a benefits package that

play12:36

beats out what large corporations offer

play12:38

by starting a network marketing business

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in your spare time you gain the tax

play12:43

advantages of the rich

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most people have no clue what it's like

play12:47

to be in the B quadrant and network

play12:49

marketing pulls away the veil of mystery

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and shows you life in the B quadrant

play12:56

becoming rich is not just about putting

play12:58

your lucky 50 cent piece into the right

play13:00

slot machine it's about changing Who You

play13:03

Are

play13:04

success is subjective some seek to

play13:07

supplement their income While others

play13:09

search for a business opportunity that

play13:11

promises greater income and an improved

play13:13

lifestyle

play13:15

the winner and loser in you

play13:18

each of us has a winner and a loser

play13:20

inside of us and the loser often

play13:22

dominates the winner is up for the risk

play13:25

while the loser thinks only of Safety

play13:27

and Security it's ironic that the loser

play13:30

yaps and squawks about Safety and

play13:32

Security but ends up stuck in a career

play13:35

and a life that is never truly safe or

play13:37

secure

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most people can't keep going handle

play13:41

disappointment and never lose sight of

play13:43

the vision of where they're going

play13:45

but that's the single most important

play13:47

attribute you can learn from building

play13:48

your own network marketing business

play13:52

if you want to create a different

play13:54

economy in your life you may need to

play13:56

make new friends the rich network with

play13:59

other rich people the poor network with

play14:01

other poor people and the middle class

play14:03

hang out with other middle class people

play14:06

many people hang out with people who

play14:08

hold them back financially in a network

play14:10

marketing business you should spend time

play14:13

with people who can help you become rich

play14:14

network marketing provides great

play14:17

business education and a whole new world

play14:19

of friends

play14:21

the direct selling Association reports

play14:23

that many Network marketers value their

play14:25

social network higher than their income

play14:29

the power is not in the product the

play14:32

power is in the network if you want to

play14:34

become rich the best strategy is to

play14:37

build a strong viable and growing

play14:39

Network the richest people in the world

play14:41

build networks not products Sam Walton

play14:44

built a distribution Network that

play14:46

delivered Goods Bill Gates did not

play14:48

manufacture computers rather he

play14:51

developed the operating system that ran

play14:53

on them Jeff Bezos built Amazon's online

play14:56

Network the power is not in the product

play14:59

the power is in the network if you want

play15:02

to become rich the best strategy is to

play15:04

find a way to build a strong viable

play15:06

growing Network Robert Kiyosaki

play15:11

success in network marketing isn't about

play15:14

being a natural-born salesperson instead

play15:17

it's about building strong relationships

play15:19

and caring about the success of those

play15:21

you introduced to the business

play15:23

if you are an amazing uniquely skilled

play15:26

Superstar salesperson you will do great

play15:29

in sales but lousy in network marketing

play15:31

because most people in your network

play15:33

won't be able to duplicate what you do

play15:36

if you want to be successful in network

play15:38

marketing build your business in a way

play15:40

that virtually anyone else can readily

play15:42

copy

play15:45

money does not go to the business with

play15:47

the best products or Services money

play15:50

flows to the business with the best

play15:52

leaders network marketing encourages

play15:54

growth and Success Through the success

play15:57

of its leaders network marketing

play15:59

develops the type of leader who

play16:01

influences others by being a great

play16:03

teacher teaching others to fulfill their

play16:05

life's Dreams by teaching others to go

play16:08

for their dreams

play16:10

four elements of leadership

play16:12

traditional schools train you to be a

play16:15

good employee but military schools

play16:17

prepare you to be a great leader by

play16:18

focusing on your mind Spirit body and

play16:22

emotions

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if you don't help develop these four

play16:25

elements in your team you will fail

play16:30

if you stop working today how long could

play16:32

you survive financially wealth is the

play16:35

ability to survive so many days forward

play16:37

measured in time one reason the rich get

play16:40

richer is that they work to build wealth

play16:43

not to generate income a network

play16:46

marketing business is an engine of

play16:48

personal wealth creation

play16:50

the four-step path to Financial Freedom

play16:53

let's look at how this sequence works

play16:55

one build a business to generate a lot

play16:58

of money it can be a lot like raising a

play17:00

child both require patience dedication

play17:03

and time to grow it typically takes

play17:06

about five years to get it off the

play17:08

ground and thriving

play17:09

two reinvest in your business don't use

play17:13

your business as an income source to

play17:15

live on a lot of first-time Network

play17:17

marketers make this mistake because they

play17:19

are still living in the E quadrant if

play17:21

you use all the income to cover your

play17:23

monthly living expenses then you're not

play17:25

actually building a business you're just

play17:28

creating another job for yourself

play17:30

three invest in real estate use your

play17:34

business income to buy real estate a

play17:36

common misconception is that the main

play17:38

goal is to buy a property at a cheap

play17:40

price and sell it at a higher price

play17:42

later but the true purpose is to build

play17:45

an income generating asset

play17:47

four let your assets buy luxuries luxury

play17:51

means something that you want and enjoy

play17:53

something beyond what you need let your

play17:56

business and or your real estate

play17:58

Investments buy it for you you need to

play18:00

build those assets to a point where they

play18:03

can provide you with that freedom for

play18:05

example for many years Kim and Robert

play18:08

Kiyosaki lived in a small house and

play18:10

drove average cars they put any extra

play18:13

cash they generated into building their

play18:15

business and investing in real estate

play18:18

thanks to their dedication to their

play18:19

assets today they now have a large home

play18:22

and six luxury cars between them

play18:25

they did not buy these luxuries with

play18:27

their own money but instead their assets

play18:30

bought them

play18:33

network marketing companies stress the

play18:35

importance of going for your dreams and

play18:37

encourage you to dream big what matters

play18:40

is striving learning and doing your best

play18:43

to develop your personal power to afford

play18:45

the big house and who you become in the

play18:48

process

play18:49

everyone has dreams but not everyone

play18:51

dreams in the same way

play18:53

kiyosaki's rich dad taught him that

play18:55

there are five kinds of dreamers

play18:58

dreamers who dream in the past people

play19:01

who believe that their greatest

play19:02

achievements are behind them will

play19:04

probably just shake their heads and say

play19:06

the world has gone to hell

play19:08

dreamers who dream only small dreams

play19:12

some people limit themselves to small

play19:14

dreams because of a lack of confidence

play19:15

but never reach these goals because of

play19:18

fear of taking a risk

play19:20

those who achieve a dream and then live

play19:22

bored

play19:23

most of us aspire to become this type of

play19:26

person and it begins by changing our

play19:28

dreams with network marketing you can

play19:31

start living your dreams right away even

play19:33

if it is small at first this mindset

play19:36

shift will help you go from I can't to I

play19:38

can and from being a victim of

play19:40

circumstance to being in charge of your

play19:43

life

play19:44

those who Dream Big Dreams but with no

play19:47

plan on how to go about achieving them

play19:49

so they end up with nothing

play19:51

some people have ambitious goals but

play19:53

fail to look for a team to assist them

play19:55

they should make a plan find a team and

play19:58

keep dreaming big

play20:00

those who dream big achieve those dreams

play20:03

and go on to dream even bigger dreams

play20:07

network marketing encourages you to live

play20:09

your dreams right from the get-go rather

play20:11

than waiting for retirement when you

play20:14

embark on your journey you begin to

play20:16

experience your dreams even if it's in

play20:18

small ways at first

play20:22

network marketing is a relationship

play20:24

business and women excel at building

play20:26

relationships coaching training teaching

play20:29

and mentoring it is also a home-based

play20:32

business which makes it uniquely

play20:34

compatible with the demands of raising a

play20:36

family here are six reasons to support

play20:39

why women need to learn how to build

play20:40

their own wealth 1. the statistics more

play20:45

women lack the financial literacy to

play20:47

take care of themselves particularly as

play20:49

they Age We dedicate a lifetime to

play20:51

taking care of our families yet don't

play20:53

have the skills to provide for ourselves

play20:56

2. avoiding dependency if women depend

play21:00

on a husband boss or anyone else for

play21:02

their financial future they should think

play21:04

twice

play21:05

three no glass ceiling since the 2008

play21:09

financial crisis corporate employees

play21:11

particularly women face the significant

play21:14

challenge of facing a glass ceiling in

play21:16

their careers

play21:17

4. no limits on income the glass ceiling

play21:21

and wage inequality between men and

play21:23

women in the job market limit the amount

play21:25

of income a woman can make but a network

play21:28

marketing business is fully scalable

play21:30

5. increased self-esteem a network

play21:34

marketing business can help women

play21:35

improve their self-esteem it leads to

play21:38

Greater success and freedom

play21:41

6. control of your time

play21:44

network marketing allows women to build

play21:46

wealth from the comfort of their own

play21:48

homes working with the flexibility of

play21:50

phone and computer work in half hour

play21:52

increments suitable for their schedules

play21:54

and circumstances

play21:58

newcomers to network marketing often

play22:00

sign up with the first opportunity they

play22:02

hear about when you look around it's

play22:05

crucial to consider whether the company

play22:07

will help you learn how to become a

play22:09

master Network Builder

play22:11

the most important thing about a network

play22:13

marketing company is that it develops

play22:15

you as a strong B quadrant individual

play22:19

what it takes

play22:21

what does it take to build your own

play22:22

successful network marketing business

play22:25

first let's look at what it doesn't take

play22:27

you don't need an MBA or high-powered

play22:30

business background you don't have to be

play22:33

great at sales you don't need to quit

play22:35

your job you don't need to be rich or

play22:38

take out a second mortgage on your home

play22:39

you don't need to be a genius at

play22:41

negotiation or a whiz at numbers

play22:44

here is a list of things that are not

play22:46

needed to build a successful network

play22:48

marketing business now let's review what

play22:50

is required it takes being honest with

play22:53

yourself it takes the right attitude it

play22:56

takes real growth it takes time

play23:00

The Five-Year Plan

play23:02

commit to at least five years of

play23:04

learning growing changing your core

play23:06

values and meeting new friends it takes

play23:09

time to build great companies and great

play23:12

Business Leaders

play23:13

ten thousand hours do the math if you

play23:16

work eight hours a day five days a week

play23:19

you hit the ten thousand hour mark after

play23:21

five years of full-time effort Robert T

play23:24

Kiyosaki

play23:27

money and real estate do not make you

play23:29

rich ultimately it is your knowledge and

play23:32

financial intelligence that make you

play23:34

rich academic intelligence does not

play23:37

equate to financial intelligence a

play23:39

person can possess high levels of one

play23:41

yet be lacking in the other it's

play23:44

important to know how to

play23:45

one make more money

play23:48

two protect your money

play23:51

three budget your money

play23:53

four leverage your money

play23:56

your network marketing business should

play23:57

not just focus on making money focus on

play24:00

advancing your abilities and education

play24:02

when running your business so that you

play24:04

can use the extra money to create real

play24:06

wealth

play24:07

gain control over your future with the

play24:10

business of the 21st Century

play24:12

network marketing provides an

play24:14

opportunity for people of all ages

play24:16

backgrounds and skill levels it is an

play24:19

equal opportunity that rewards hard work

play24:21

and determination no matter race looks

play24:24

family background or popularity this

play24:28

makes it the business of the future

play24:30

network marketing is more than an idea

play24:33

it is revolutionizing the business model

play24:35

giving people control of their lives and

play24:38

Futures it is not suited to Greed as it

play24:41

requires helping others to get rich

play24:45

the business of the 21st century is all

play24:47

about shifting our mindset from a

play24:49

traditional perspective to that of an

play24:51

entrepreneur

play24:52

the economy has caused many to look for

play24:55

alternative ways to earn money and

play24:57

Entrepreneurship has increased a key

play25:00

aspect is understanding the different

play25:01

cash flow quadrants and how they affect

play25:03

our financial well-being the book

play25:06

endorses network marketing as a path to

play25:08

wealth and growth network marketing

play25:11

offers an opportunity to become rich by

play25:13

helping others become successful

play25:15

it is the business model of the future

play25:17

providing a path to Financial Freedom

play25:20

and personal fulfillment

play25:22

traditional education doesn't teach the

play25:24

right Financial skills so network

play25:26

marketing is a great way to learn

play25:29

Robert Kiyosaki emphasizes the potential

play25:32

of women in network marketing he

play25:34

encourages you to pick a company that

play25:36

prioritizes education and personal

play25:38

development

play25:39

so what did you learn from reading the

play25:42

business of the 21st century did you

play25:44

discover new insights into the world of

play25:46

Entrepreneurship

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Related Tags
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