if you watch this whole video you will get a complete understanding of the topics discussed in rich dad poor dad as well as a couple other concepts to help you on your way to becoming a great
easy meals for work week, billionaire now i have read books on financial independence such as rich dad poor dad the 4-hour workweek and a ton of awesome income-generating asset
producing ideabooks i'm going to sum all of them up in this video make sure you watch this video all the way through and hopefully all the ideas will click and you'll be able to start working on your dream and creating a lifestyle that you want to live oh and also be including some facts about selena gomez throughout this video
and a secret about one of my other videos at the end so pay attention first off we're going to establish the fact that most people don't get formal financial education in fact if you're like me the only education you got was when you were younger from your parents watching them balance a checkbook which most people don't even have any more pay
for groceries and things that they didn't really need for in the store and working a professional tax paying job every dollar that they earned now this is all that most people are taught to look at the rich wide-eyed and frown upon them for their unlawful duties and get rich quick and moral schemes you're not getting the whole story now that i'm
starting to go on my own i don't want to follow down their footsteps and chances are you don't want to either and after reading a whole bunch of books on financial literacy investing concepts and budgeting tips i'm here to teach you the methods that are different from the norm the first line of fact is that i bet you didn't
know that her mother gave birth to her and she was 16 years old alright so the first thing we're going to go over was taught to me by robert kiyosaki the author of rich dad poor dad ok so when you're spending your money you can spend it on two things assets or liabilities so let's define liabilities first since most poor and broke people
have more liabilities liability is anything that takes money out of your pocket in the long run if it's costing you daily monthly or yearly we're going to call it a liability if you own a car and you drive it to work every day it's a liability because you're paying for gas you're paying for insurance and every so
often you have to pay for maintenance on the car you're not making any money with it so it's a liability if you own a house and you live in it it's also a liability if you pay for that expensive coffee before you head into your job that's also a liability now let's move on to the other side the assets and asset is anything that brings you in
money each day month or year for example if you own a part men and you're charging rent for five hundred dollars a month this apartment is going to be an asset you own a small coffee shop on the corner of the street and you profit eight thousand dollars a month this is also an asset because it's
bringing money into your hand if you own solar panels on top of your house and you're getting free electricity from them but you've paid an installation fee of ten thousand dollars this is still an asset it's just a long-term investment this youtube channel is an example of a low-cost investment asset if you want a list of awesome income generating assets
subscribe to this channel there's gonna be some awesome videos about this in the future so now that we know the difference between assets and liabilities let's get to the main point to become rich you must own as many assets as possible and if you want a liability like a two-hundred-thousand-dollar lamborghini
you have to own the assets to cover that lamborghini the goal is to have more money coming in than going out so the second selena fact is her net worth is estimated to be around 45 million dollars all right onto the next topic remember earlier i mentioned something called a long-term investment asset
well this is what the rich and super wealthy spend their money on if you could pay a hundred dollars to upload a video but for the rest of your life you earned one dollar a month for that video would you i definitely would and in fact that's basically what i'm doing with this channel
the idea is to spend money on investments that continually bring money in each month even if it takes a couple months or a year to pay off the super-rich live for the long term and if you've ever played starcraft you know the best way to win is to get the most minerals in the early game just like if you've played any of those automatic
tapping games once you get a couple automatic tappers going your set and you just have to wait this is the idea you're going to have to implement in your life if you want to be super-rich instead of buying extra mineral harvesters or automatic tappers you have to buy assets such as renting apartments youtube channels or solar
panels the third fact about selena is actually currently has the most light photo on instagram and also it's reported that she makes over half a million a year simply from her instagram posts so now we're moving on to a specific definition of being rich so everything's cool before that said being rich is to have a lot of money and being
wealthy is to have a lot of time but this video is going to be focusing on having a ton of both who wouldn't want to spend their summer on a mega yacht with tons of awesome friends and family eating amazing food and doing fun stuff first we're going to define absolute income so absolute income is the total amount of money
somebody makes per year regardless of their living conditions this could be thirty thousand dollars a hundred twenty thousand dollars or half a million absolute income doesn't take anything else into analysis just the raw number of person is profiting and this is where most people think wrong when they think of rich let me introduce you to a new
idea i learned from reading the 4-hour workweek by timothy ferriss relative income on the other hand is the amount of money someone makes versus the amount of freedom they have for example i'm gonna give you two people and you have to tell me who has the higher relative income john is working in new york city he works 80 hours a week but he earns a
hundred sixty thousand dollars a year he can't move and he has to live in this polluted highly populated city of new york on the other hand we have jerome now drum is pretty cool because he only works 10 hours a week but you only earns forty thousand dollars however since jerome is self-employed and his income comes from advertisers he
can live virtually anywhere in the world so who is wealthier technically john earns more but jerome has more freedom jerome can move to cuba where he could buy a luxurious house for thirty thousand dollars while john has to pay two thousand dollars a month for his apartment if we break it down john earns thirty-eight dollars an hour but jerome
earns a whopping 70 seven dollars an hour for his time so we take the idea and apply it to another topic rich dad poor dad taught me we should cultivate our lives trying to earn as much money for each hour of our lives as possible to become rich it's simple if we can cultivate our time to be worth five hundred dollars an hour
and we work half as much as someone who can earn ten dollars an hour we will always be wealthier than them basically focus on relative income by calculating how much you earn per hour even if your salary as well as how much freedom you have in life the fourth fact about celina's actually choose pickle flavored gum and drinks olive oil to
protect your amazing voice alright so here's another topic i want to talk about but this is only for business owners who wish to build an empire and pay for their dreams without paying any taxes in america there's a way to do this let me give you an example in the american tax system and quite frankly some other tax systems
worldwide if you own a business even if it's not classified as a business and it's you're self-employed income and your business technically loses money you don't have to pay taxes for example if i spend five hundred dollars creating a video in that video only earns me four hundred dollars over net loss of a hundred dollars and i don't
have to pay a dime in taxes the secret is finding creative ways to write off those deductions in a legal manner if you do it in an illegal manner this is called tax fraud and is a serious crime so i recommend consulting a professional before attempting this in most cases for the self-employed you can do this by making items you would
naturally by a write-off for example if i wanted to eat some caviar i could buy some caviar make a tutorial on how to cook and eat caviar and then use the price of the caviar as a tax deduction big corporate entrepreneurs do this with lamborghinis they just write them off as a company car or the same with a giant skyscraper of vlogging camera expensive
gaming computer or the eight thousand dollars suit they just bought of course they could use it to improve the quality of their life but from the business and government world it was used to improve the business which in theory improves the economy so you don't have to pay taxes on it oh and now that you're quite invested
into this video i want to introduce a new idea there's a psychological effect called the sunk cost bias which means that after you spend a certain amount of money or time and effort into something you become emotionally attached to it and you don't want to leave it and fear that you'll lose the losses for example there's still more of this video to
watch and if you've made it this far chances are you realize how much value there is and even if i don't produce any more value in this video you're going to watch it to the end i do not feel the rest of this video with crap but i just want to entertain you with this idea this is also why many people who are in a dead-end relationship won't end it
because i feel they've invested too much into it and don't want to waste the opportunity it could have to get better the next topic i'm going to talk about is the difference between a producer and a performer so in the book the self-made billionaire affect the author states that all billionaires fallen to the producer category a producer is someone
who produces raw content they create new strategies and invent producers create value from nothing and actually give orders to performers a performer on the other hand is someone that uses existing processes and great analogy of this type of person is a factory line worker there fast engineered to reduce errors and they just do what they're told
now before we go to which is better you need to understand supply and demand and this is super important and i haven't seen it in any other video it's not that producers are better it's just that they're usually less of them is this is because they have to take risks which means that the demand
for them is higher there is significant evidence that there will always be a low supply of producers which means if you want to rake in the big bucks you've got to be really good at producing things start pumping out more interesting images on your instagram feed our posting more youtube videos and start producing more and more content
overall if you really want to take the entrepreneurial side of it combine this concept with the 4-hour workweek and outsource this you could pay someone five dollars to upload a relevant creative image on a feed once a day and if you have a large enough audience would be creating enough value in their lives that adds up to weigh
more than five dollars and potentially advertisers would start messaging you i wish i could go on about this topic and i'm a in another video but we have to move on i've got another celine effect at the time of this uploaded has been said that she has lupus and combined with the stress that she's been receiving lately she plans to take all
of the entire year of 2017 off for music production and social media together there's a psychological side of this this means when she comes back in 2018 because of her scarcity she will have a higher perceived value to one last thing that you should know before this video ends and you start your path to becoming a super luxurious billionaire is that
all wealthy people focus more on opportunities than obstacles in fact they see every problem as an opportunity to add value and earn more money for example it took you three hours to hook up your new tv you were really frustrated so why don't you contact the manufacturer with a simple tutorial brochure that you created and tell them
you either sell it to them for three hundred dollars for a dollar per tv sold whichever is higher and fits your current budget best the idea here is to change your thinking from seeing an event as a frustrating obstacle seeing it hope filled with opportunity let me give you another example i started this channel for a couple reasons but the big
one was that i saw a gap in the market you probably know fight mediocrity the most subscribed youtuber who makes animated book reviews well i noticed a couple months ago he was slacking but there were still people wanting to watch his videos he was probably doing this to make this video scarce which in turn gave them a higher
perceived value just like the selena gomez example earlier but i wanted to fill that gap i loved reading so i bought a whole bunch of books the software to make the videos and made my own videos now i'm branching out the general advice and mixing all kinds of knowledge i can find and regurgitating it in the super
interesting and engaging format i saw a problem fight mediocrity wasn't uploading as much of the market wanted so i fill that gap for like two or three months and i made at least eight book reviews every month now as a result this channel has almost 30,000 subscribers helps millions of viewers and brings me in a decent amount of money enough that
i'm a college student and i don't need any other job i think that's pretty cool our last interesting fact about celina's that she's the youngest ever unicef's goodwill ambassador if you're still watching don't worry we're about to get to that secret about that video that i mentioned in the beginning of this video i hope you guys enjoyed this video and
learn something and if you did please leave a big fat like down there it lets me know that i should make more videos like this also if you enjoyed this video you might want to check out these two videos below there on the same topic and they go even more in-depth than this video in the technical stuff if you want more videos
like this click the subscribe button and thanks for watching oh yeah the beginning i said something about a secret thing about one of my videos if you watch the video on the psychological tricks to get a girl to like you will notice that the thumbnail has chloe grace moretz but since you watch this whole video i want to give
you a secret in the thumbnail her eyes were blue her eyes aren't actually blue anyways thanks for watching i hope you guys enjoyed it
0 komentar