Hi everyone,

I am shreyash a commerce student from India an entrepreneur, and a crypto millionaire. Today here I will teach you all what I have learned in my struggling years the time when u was struggling to earn some dollars. I always wondered and why do these mostly expensive school didn’t teach students about finance. I mean they seriously taught us everything else except financial education. They taught us English (language),science, history,math, sports, sex education, but never said anything about how to manage money how to become financially independent, what are the most important skills needed to make money online,so i decided to learn all this by myself. So one fine day i opened Google and searched “how to make money online” i got many topics like affiliate marketing, youtube channel, digital marketing,investing (in stocks,start ups,crypto) but again nobody Spock about financial education of an individual. So i decided to search for books that will teach me about financial education. In the time of my research i came across a book name :- Rich dad poor dad by Robert Kiyosaki. After going through the introduction i got excited about the book. .

First lesson of rich dad is :- Rich don’t work for money.

The wealthy DON’T work for cash. They bring in their cash work for THEM. Rich individuals grow up realizing that abundance comes not from work, but rather from Influence. They put away their cash and the venture vehicles do all the “work.”

Rich individuals get resources. Poor people and working class get liabilities they believe are resources,” rich father says. The greatest test needy individuals have is knowing the contrast between a resource and an obligation. Knowing the distinction between the two can assist you with becoming rich.

The second lesson of rich dad is:- why teach financial literacy.

Monetary education is the capacity to comprehend and really utilize different monetary abilities, including individual monetary administration, planning, and effective money management. The significance of monetary education is the groundwork of your relationship with cash, and it is a deep rooted excursion of learning.

For what reason is monetary education significant for you? Monetary proficiency is significant in light of the fact that it furnishes one with the information and expertise to successfully oversee cash. Without monetary proficiency, the activities and choices one make or don’t make concerning reserve funds and speculations would miss the mark areas of strength for on.

From everyday costs to long haul spending plan estimating, monetary proficiency is significant for dealing with these elements. As referenced above, it means quite a bit to plan and save to the point of turning out satisfactory revenue in retirement while keeping away from elevated degrees of obligation that could bring about liquidation, defaults, and dispossessions.

Understanding and utilizing monetary ideas and capacities effectively in your everyday existence is known as monetary education. Planning, effective financial planning, overseeing credit, and monetary administration are essential monetary capacities that everybody ought to have. Monetary education is, all in all, the ability to oversee funds.

The third lesson of rich dad :- Mind your own business.

The rich have this propensity for staying out of other people’s affairs. The creator says to keep your normal everyday employment except begin purchasing resources like land and stocks. Try not to purchase liabilities or individual consumptions that enhance your total assets. As resources increment the pay will likewise increment.

The general subject of Rich Father Unfortunate Father is the manner by which to involve cash as an instrument for abundance improvement. It obliterates the legend that the rich are conceived rich, makes sense of why your own home may not exactly be a resource, portrays the genuine contrast between a resource and a risk, and considerably more.

“Rich father” upheld the view that being rich or poor is something that you learn. You can figure out how to think in manners that will uphold you, and you can raise your monetary level of intelligence by perusing books on finance, conversing with monetarily effective individuals, and going to workshops and talks.

The fourth lesson of rich dad:- History of taxes and power of corporation.

The primary realized tax assessment occurred in Antiquated Egypt around 3000-2800 BC. An inability to pay sooner rather than later (rebelliousness), alongside avoidance of or protection from tax collection, is deserving of regulation. Charges comprise of immediate or backhanded burdens and might be paid in cash or as its work same.

The fifth lesson of rich dad :- the rich invent money.

The rich imagine cash through: The information that they have, Their psychological readiness, and. Their fortitude to place an arrangement into action.

The sixth lesson of rich dad:- work to learn don’t work for money.

Indeed, even generously compensated individuals realize that the cash they procure from “working” is only a glimpse of something larger.) The wealthy DON’T work for cash. They bring in their cash work for THEM. Rich individuals grow up realizing that abundance comes not from work, but rather from Influence. They put away their cash and the venture vehicles do all the “work.”

Why Kiyosaki’s recommendation on “Work to Learn, Don’t Work for Cash” in Rich Father Unfortunate Father merits your consideration?

Growing up when I contemplate grown-ups working, I understand grown-ups are continuously racing to get to work, to focus on work, and to be working however they never appear to be truly blissful or amped up for it. Assuming work is something that you will consume the majority of your time on earth doing, shouldn’t it be something that you appreciate doing and that invigorates you and that you anticipate doing?

Life length

Looking at this logically, the initial 20 years of your life is being a kid, having companions, growing up, going to class, school, and so on.

In the following 40 years, you will spend it working and adding to the economy and society. Furthermore, the leftover 20-30 years you will resign and partake in your retirement as per a typical life expectancy of an individual.

So assuming most within recent memory is spent from our 20’s to our 60’s working, could it not check out to take care of business that you really appreciate and is satisfying?

This truly helped me reflect and ponder the work I’m doing and the way that I can be experiencing the most ideal adaptation of my life.

At the point when I read Kiyosaki’s book on Rich Father Unfortunate Father I learn something that was genuinely enlightening for myself and I realize it will for you as well.

In Kiyosaki’s book “Rich Father Unfortunate Father” he specifies that we ought to attempt to learn, don’t work for the cash.

Work to learn

Kiyosaki gives this story during a meeting in his book that shows this impeccably. I’ll sum up it underneath:

During his time in Singapore, he met a female columnist who was talking with him as the smash hit creator, as Kiyosaki was talking at an occasion.

During their discussion, she transferred her yearnings of being like Kiyosaki and despite the fact that she had a noteworthy composing style as Kiyosaki would concur, her work appears to go no place.

Kiyosaki recommends that she takes up deals instructional classes to improve her vocation, wherein she disapproved feeling that doing deals was underneath her given that she had an experts degree in English.

Kiyosaki cleared up for her that she, when all is said and done, had composed his name Kiyosaki in her scratch pad as a “smash hit writer and not the most ideal composing writer”. He was a horrendous essayist but since he has the information and range of abilities he actually figured out how to end up as the winner as the smash hit writer.

As I ponder the columnist, she might have been exceptionally gifted but since all she knew was to be an essayist, she was unable to level up and gain by her ability to make it an attractive asset and create gigantic financial stability for herself. On the other hand, for Kiyosaki, universally everybody knows him in spite of him likely not being an extraordinary essayist himself. Be that as it may, he has the moxy, proactiveness to arrange and frame organizations to develop his own marking and business, compounded with his abundance of information. This eventually made huge abundance for himself.

What I have come to understand and you see this frequently, in this advanced age individuals who track down ways of making something are the ones that really succeed.

Never again are those fanatical perspectives that in the event that you go to class, have passing marks and enter a huge company will you make buck heaps of cash completely obvious. These days, you see teenagers, and youthful grown-ups, making a six-figure pay selling items on the web, though a profoundly instructed college graduate scarcely getting by and living check to check with loads of educational loans.

Try not to Simply Work for the Cash

Kiyosaki specifies that he is stunned at how little such countless capable individuals procure. Lots of individuals procuring a low pay a year with a college degree is stunning. Also, he specifies this expression which truly is right on the money and that is “they are one expertise away from extraordinary abundance”.

Abundance I accept is made through a cooperative energy of bookkeeping, money management, promoting and regulation.

What’s more, there is a typical subject I understand for most independent millionnaire is that they have made some kind of business that has added to their monstrous riches. The wealthy don’t appear to have gained abundance essentially by being on a futile way of life.

Work is fundamentally “Simply over Broke “.

I figure this applies to a great many people.

Kiyosaki adequately expresses what the vast majority of us presumably have thought about yet couldn’t exactly articulate and that is “Laborers endeavor to not get terminated and proprietors pay enough so laborers will not stop. ” This is totally right on the money. Furthermore, assuming you understand, a task for a great many people essentially is something that they go-to and appear, on the grounds that they wouldn’t do it willfully in any case.

I truly accept specific positions could truly be satisfying and remunerating to individuals yet generally, I see a great many people going to occupations that they don’t actually appreciate just so they put food on the table and rooftop over their heads, and afterward they use whatever is left of their time quarreling about their positions. And keeping in mind that I concur a task might be vital to make due, however over the long haul, a great many people don’t actually reflect and contemplate finishing a work that the two of them could appreciate and get monetary compensations for simultaneously.

Long haul vision versus momentary vision

Most specialists ordinarily center around chipping away at the compensation and the awards for the time being however are in many cases sad in the long haul. That is the reason I concur with Kiyosaki which is to look to work for what you will realize. Take a gander at the abilities you need to procure prior to picking a calling and prior to getting caught in a Futile daily existence. Does that calling draw out the best in your true capacity and range of abilities or is that calling obstructing you from your actual abilities and gifts? Eg a straightforward illustration is a fish feeling that it was excessively idiotic to at any point climb a tree. at the point when as a matter of fact carrying on with its life in the water was constructed.

The key inquiry that Kiyosaki brings up is “Where is this everyday action taking you?” It made me stop to truly reflect and consider, all things considered, I would rather not be caught in a futile daily existence my whole life.

A portion of what to think about would be:

1. Where is this difficult work taking me?

2. What does the future hold?

Kiyosaki proposes this inquiry underneath which I accept is useful for anybody to truly ponder to carry on with a satisfied life really.

Is it true or not that you are investigating the future or just into the following check? Never truly scrutinizing what’s in store?

Self teach

I think employer stability and having cash is significant, a benefits and medical services, however I don’t think it stops there. I accept there are so many extra things an individual can do to construct their abilities, for instance doing a side gig, turning into a consultant, requiring a second task to develop a subsequent expertise.

As Kiyosaki puts it “Training is a higher priority than cash over the long haul”.

The derivation I get from this assertion is that cash on its own will exhaust when we use it, and when it dissolves in esteem because of expansion, yet on the off chance that we have monetary proficiency (training) we can create monstrous abundance from our genius of taking care of an issue or enhancing others which consequently produces cash.

For the vast majority the normal reaction is that this sounds too hard, “It’s a lot of problem” or ” for what reason to irritate?”.

Why self teach?

The vital inquiry here is could you rather work for your entire life, giving 40-half of your check to the public authority in charges or could you endure 5 minutes contemplating how you can really fabricate independence from the rat race for yourself?

For my purposes, I would prefer to battle now and fall flat having attempted a part time job or startup rather than sitting agreeable taking a stab at taking a stab at nothing by any means except for living check to check knowing that without the following check I wouldn’t have the option to make due.

All things considered, assuming that you never attempted, you won’t ever know the amount you might have really accomplished.

Remember to Be liberal

To be genuinely rich, you should have the option to reward others. Many individuals are poor since they are neither great at giving or getting, neither great understudies nor educators.

Furthermore, the point raised by Kiyosaki was that instructing is one of the approaches to giving. The more you give the more you get. Very much like the brilliant rule do unto others what you would have them do unto you.

Giving is the key to most well off people and families. I think having an overflow mentality can open the brain and individual to such countless conceivable outcomes contrasted with having a world view limited by fear and clutching each and every abundance that you have.

End

Toward the day’s end, the choice is our own alone. So I believe it’s ideal to remain driven and track down ways of creating financial stability, and simultaneously be liberal and socially capable and help other people en route too. Presently I feel that is the most effective way to live.

The seventh lesson of rich dad:- overcoming obstacles.

In the event that you have perused a few monetary books, I’m certain you will concur with me that the data out there is copious, yet carrying out it very well may be a test.

What I understand for me and a great many people is that despite the fact that I’ve contemplated and become monetarily proficient, there are as yet specific barricades keeping me down on occasion in creating financial wellbeing.

Kiyosaki highlights these roadblocks as:

1:-Fear

2:-Cynicism

3:-Laziness

4:-Bad habits

5:-Arrogance

1. Fear.

As far as dread, there is dread of losing cash and what will occur. The main individuals that have never lost cash money management are those that have never made it happen.

I think everybody has the apprehension about losing cash, the thing that matters is the means by which you handle dread and losing cash. It’s okay to be unfortunate, we are people all things considered. In any case, to find actual success and monetarily free we really want to figure out how to deal with that apprehension.

One method for conquering this is to begin early and permit the force of building interest to work for you.

Why Saving now is Significant:-

The enchanted fixing that makes accumulate interest work best is time.

A venture left immaculate for a time of many years can amount to a huge aggregate, regardless of whether you never contribute another dime.

We should perceive how accumulated dividends functions with a model. Underneath, Alice, Barney and Christopher experience a similar 7% yearly venture return on their retirement reserves. The main distinction is when and how frequently they save:

 :- Alice contributes $5,000 each year starting at age 18. At age 28, she stops. She has contributed for a considerable length of time and $50,000 all out.

:- Barney contributes the equivalent $5,000 yet starts the latest relevant point of interest. He starts money management at age 28 and proceeds with the yearly $5,000 venture until he resigns at age 58. He then, at that point, quits contributing at age 58. Barney has contributed for a very long time and $150,000 all out.

:-Christopher is our most tireless saver. He contributes $5,000 each year starting at age 18 and keeps effective financial planning until retirement at age 58. He then, at that point, quits contributing at age 58. He has contributed for quite some time and a sum of $200,000.

Barney has contributed 3 fold the amount of as Alice, yet Alice’s record has a higher worth. She put something aside for only 10 years while Barney put something aside for a considerable length of time. This is build revenue: Alice’s venture return in her 10 early long periods of saving is compounding. The impact is exceptional to the point that Barney can’t get up to speed, regardless of whether he puts something aside for 20 extra years.

The best situation here is Christopher, who starts saving early and never stops. Note how the sum he has saved is hugely higher than either Alice or Barney. Is it surprising to the point that Christopher’s investment funds have become so enormous? Not really what is most amazing is the manner by which straightforward his way to wealth was. Gradual yearly ventures, and generally critically starting at an early age.

Build interest leans toward those that start early, which is the reason it pays to begin now. It’s never past time to begin or too soon.

In the event that you are right off the bat in your vocation, it can feel like there are a ton of things vieing for your cash between educational loans, putting something aside for a house, retirement from there, the sky is the limit. Be that as it may, saving currently can give you an enormous edge on your funds so you can resign easily.

2. Cynicism

In his book Kiyosaki features 2 right on target focuses:

1:-Questions and skepticism keep individuals poor.

2:-Victors see open doors, other miss.

The focal point Kiyosaki is passing is that assuming you need on to succeed and create financial momentum don’t let bits of hearsay and dread influence your uncertainty. He likewise alerts us to know and not take counsel from just anybody. There are many out there who have never followed through with something yet they are let others know who is doing it why they shouldn’t.

3. Overcoming laziness.

There is this normal type of lethargy that might be really unpretentious which is remaining excessively occupied. Excessively occupied to create your own financial momentum, wellbeing or relationship.

Kiyosaki features this: You want to ask yourself:

1.As opposed to say ” I can’t bear the cost of it,” adjust your outlook to, ” How might I bear the cost of it?”. This opens the brain to track down arrangements. After all platitude “I can’t manage the cost of it” is obviously false. There’s nothing that the human soul can’t do.

So you intend to leave a Futile way of life, ask yourself :

How can I afford to never work again?

This helps you on the grounds that:

.Your brain begins tracking down new answers for get this going.

4. Overcoming bad habits.

Something key that I learned is that to find lasting success, you want to foster positive routines. Our lives are an impression of our propensities more than our schooling.

Propensities are the little choices you make and activities you play out each day. As per specialists at Duke College, propensities represent around 40% of our ways of behaving on some random day.

The key things are to construct great monetary propensities.

.Saving.

.Investing.

.Having an emergency fund.

.Giving to charity, tithing, or non-profit organisations.

Additionally, Kiyosaki prompted that he genuinely must compensation himself first in any case rather than paying the public authority and loan bosses first. This makes a sort of useful tension that compels you to ponder ways of concocting additional pay that will make you financially emphatically. This is totally pivotal to create financial stability.

Next is additionally to be liberal and not be closefisted. To be genuinely rich, you should have the option to reward others. Giving is the key to most rich people and families. Having an overflow mentality can open the brain and individual to such countless conceivable outcomes contrasted with having a world view limited by fear and clutching each and every abundance that you have.

5. Overcoming arrogance

However honest as it could be, presumption can bring in one lose cash.

A straightforward method for putting it is:

What I don’t know loses me cash.

I have met individuals now and again that utilization egotism to conceal their own obliviousness. Many individuals in the money world who definitely no thought what they are referring to yet growing out pitches just to have a voice.

That’s what central issue is on the off chance that you don’t know something, the basic way that I like to do is GIN “Google It Now”. Furthermore, if you need to really begin dominating something, track down a specialist in that field, a coach, do a profound jump exploration and read books, articles on it so you can frame an educated choice as opposed to meeting a monetary guide and simply taking their statement on something.

Conclusion.

The essential distinction between a rich individual and a needy individual is that they know how to oversee dread.

Disappointment isn’t conclusive, it’s important for the bundle of progress and we can utilize the illustrations gained from those disappointments to more readily make progress for future undertakings.

To succeed monetarily, the delight of being monetarily rich necessities to offset the agony of losing cash.