Rich Dad Poor Dad | S5 – E13 | Understanding | Get Rich Quick? TERRIBLE Decision

The reason I started with the story of the richest men in America
is to illustrate the flaw in believing that money will solve all problems. That is why I cringe whenever I hear people ask me how to get rich quicker, or where they should start. I often hear, “I’m in debt, so I need to make more money.”

Rich Dad Poor Dad

But more money will often not solve the problem. In fact, it may compound the problem. Money often makes obvious our tragic human

Cash flow tells the story of how a person handles money.

flaws, putting a spotlight on what we don’t know. That is why, all too often, a person who comes into a sudden windfall of cash—let’s say an inheritance, a pay raise, or lottery winnings—soon returns to the same financial mess, if not worse, than the mess they were in before. Money only accentuates the cash-flow pattern running in your head. If your pattern is to spend everything you get, most likely an increase in cash will just result in an increase in spending. Thus, the saying, “A fool and his money is one big party.”

Today, doctors face financial challenges I wouldn’t wish on my worst enemy: insurance companies taking control of the business, managed health care, government intervention, and malpractice suits. Today, kids want to be famous athletes, movie stars, rock stars, beauty queens, or CEOs because that is where the fame, money, and prestige are. That is the reason it is so hard to motivate kids in school today.

They know that professional success is no longer solely linked to academic success, as it once was.

Because students leave school without financial skills, millions
of educated people pursue their profession successfully, but later find themselves struggling financially.
They work harder but don’t get ahead. What is missing from their education is not how to make money, but how to manage money. It’s called financial aptitude—what you do with the money once you make it, how to keep people from taking it from you, how to keep it longer, and how to make that money work hard for you. Most people don’t understand why they struggle financially because they don’t understand cash flow. A person can be highly educated, professionally successful, and financially illiterate. These people often work harder than they need to because they learned how to work hard, but not how to have their money work hard for them.

Podcast

Napoleon Hill: Cooperation – Introduction

As always, I love using Gary Vee to kick off the blogs because he has a way of doing things that’s very unorthodox.  He doesn’t have that “mastermind” group, as one asked him at a keynote speech.  He says he listens to the market and opinions of other people as his fundamental way of getting ideas out there.

On the other hand, you’ve heard of Harvey Firestone, Henry Ford, and Thomas Edison hanging out together on a wintry winter deep inside forests – exchanging ideas.

Everyone has their own way of doing things.

If I look back at my life, and what’s currently happening and ask myself: “Arsenio, do you have a mastermind group?”

“No.”

Sometimes I get off track with distractions.  If someone comes into my life, I get sidetracked if we’re not aligned with things and fall into a weird state of mind where I feel….depressed.

Who’s in my ear every morning? Well, if I need a jump, I listen to Eric Thomas, who’s an outstanding motivational speaker.  This comes when times are tough.  However, when I’m on fire and need to get things done, I go straight into Gary Vee’s podcast or YouTube video.  This gives me a lot of ideas and puts me in such a positive state of mind.  I surround myself with figures all around the planet whom don’t even know they’re part of my mastermind group.  Who says it has to be physical?

In Napoleon Hill’s Book, Co-operation is the beginning of all organized effort.  Remember what I talked about in the first lesson of this course in terms of Andrew Carnegie accumulating a gigantic fortune through organized efforts.  Gary Vee also talks about being in that community of people, which I’ve met a lot of on his page.  I have a handful of awesome entrepreneurs in my Facebook area because of that community on his page.

First, the co-operation between people who group themselves together or form alliances for the purpose of attaining a given end, under the principles known as the Law of the Master Mind.

Second, the co-operation between the conscious and the sub-conscious minds, which forms a reasonable hypothesis of man’s ability to contact, communicate with and draw upon something greater.

Before we get into the basis of this lesson, there was something that struck me while reading a particular page of this lesson.

“If I can impress my subconscious mind with the desire to arise at a specified time and it will awaken me at that time, why do I not form the habit of impressing it with other and more important desires?”

Pretty interesting theory, ey? This is basically saying if you feed your mind over and over the information you want at any given time, you will win.

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Learn More To Earn More

If I am through learning, I am through. – John Wooden

Vishen Lakhiani of Mindvalley said, “when people graduate from university, that’s their official graduation from learning.  Who wants to stop learning?!”

That was perfectly put.  People who have more information have a tremendous advantage over the others that don’t.  I’m not saying to completely inundate yourself in material, I’m just saying simple behaviors such as reading for an hour a day, turning television time into learning time, attending classes, training programs, gym workouts, morning runs, mastermind groups, or anything to increase your knowledge will substantially increase your level of success.

Television time.  Break that word down for a moment — tell-a-vision.  Instead of having pity parties about deforestation, famine, global warming, Donald Trump and missiles, have a vision party.  You know the average American watches television for 6 hours a day. 6 HOURS A DAY! Ummmm….that would be my family! By the time you’re 60 years old, you will have wasted 15 years of your life watching superficial TV that will in no way help you with you goals or dreams.

W. Clement Stone, who was one of the best mentors the planet has ever seen, explained one day that cutting out just 1 hour of television a day creates an extra 365 hours per year to accomplish whatever is most important to you.

What can you do with that extra hour? Learn a new language! Get superfit.  Spend quality time with your wife and children, learn to play a new musical instrument, do more sales calls, or walk down the street smiling freakishly at people.

Leaders Are Readers

“The late Jim Rohn, one of America’s foremost motivation philosophers, suggested using that 1 extra hour a day to read.  He taught me that if you were to read one book a week, in 10 years you’d have read 520 books, and in 20 years, more than 1,000 books – enough to easily put you in the top 1% of experts in your field.  Add to those the books from masters in related areas you’d have an edge that others simply don’t have.” – Jack Canfield.

Start studying the lives of great people.  The routines, which I’ve mentioned so many times, are critical in the morning.  Adopting new systematic habits that will jumpstart your morning and make you have a productive morning.  All of these are critical components.  Attending success conferences and retreats like A-Fest, becoming a coachable individual, and being prepared when opportunity knocks are all part of the process.

What do you need to get ready?

If you’re an industry expert and believe your consulting business would skyrocket after presentation a workshop at a national convention, why not get prepared now?

If you want to become a Tedx speaker, start practicing your speech in the mirror so when you do get an email, you’re ready to go.

Do you need to learn a new foreign language to speak to other individuals?  Could you develop advanced skills, more resources, or new contacts? Do you need to get your body in physical shape such as what I’m doing 365 days a year? Should you expand your business skills, sales skills, or negotiating skills?

Whatever you need to do to get ready, start now by making an list of the top ten things you could be doing to be great when the opportunity finds you.

Podcast: https://www.spreaker.com/episode/9174325