hi I’m Evan Carmichael welcome to another edition of modeling the masters
another edition of modeling the masters
another edition of modeling the masters I believe that the fastest and most
I believe that the fastest and most
I believe that the fastest and most effective way to grow a business is to
effective way to grow a business is to
effective way to grow a business is to model the strategies of people who have
model the strategies of people who have
model the strategies of people who have already done that what you’re trying to
already done that what you’re trying to
already done that what you’re trying to do so today we’re going to look at how a
do so today we’re going to look at how a
do so today we’re going to look at how a Vietnam vet started two different
Vietnam vet started two different
Vietnam vet started two different businesses and failed but was determined
businesses and failed but was determined
businesses and failed but was determined to become a success and not have to work
to become a success and not have to work
to become a success and not have to work for somebody else he would eventually go
for somebody else he would eventually go
for somebody else he would eventually go on to become one of the most successful
on to become one of the most successful
on to become one of the most successful business writers of all time this is the
business writers of all time this is the
business writers of all time this is the story of Rich Dad Poor Dad creator
story of Rich Dad Poor Dad creator
story of Rich Dad Poor Dad creator Robert Kiyosaki and the top three
Robert Kiyosaki and the top three
Robert Kiyosaki and the top three lessons you can learn from his success
Robert Kiyosaki is an American investor
Robert Kiyosaki is an American investor businessman self-help author
businessman self-help author
businessman self-help author motivational speaker and financial
motivational speaker and financial
motivational speaker and financial literacy expert best known for his Rich
literacy expert best known for his Rich
literacy expert best known for his Rich Dad Poor Dad book series after serving
Dad Poor Dad book series after serving
Dad Poor Dad book series after serving in the Marine Corps as a helicopter
in the Marine Corps as a helicopter
in the Marine Corps as a helicopter gunship pilot during the Vietnam War
gunship pilot during the Vietnam War
gunship pilot during the Vietnam War Kiyosaki returned home to work as a
Kiyosaki returned home to work as a
Kiyosaki returned home to work as a salesman for Xerox not wanting to work
salesman for Xerox not wanting to work
salesman for Xerox not wanting to work for someone else for the rest of his
for someone else for the rest of his
for someone else for the rest of his life
life
life Kiyosaki had dreams of starting his own
Kiyosaki had dreams of starting his own
Kiyosaki had dreams of starting his own business after unsuccessful stints
business after unsuccessful stints
business after unsuccessful stints selling velcro wallets and t-shirts for
selling velcro wallets and t-shirts for
selling velcro wallets and t-shirts for heavy metal rock bands Kiyosaki began
heavy metal rock bands Kiyosaki began
heavy metal rock bands Kiyosaki began promoting the personal growth seminars
promoting the personal growth seminars
promoting the personal growth seminars of marshall thurber called money and
of marshall thurber called money and
of marshall thurber called money and knew when Thurber decided to retire
knew when Thurber decided to retire
knew when Thurber decided to retire Kiyosaki took over the business and
Kiyosaki took over the business and
Kiyosaki took over the business and began traveling the world to educate
began traveling the world to educate
began traveling the world to educate people about financial strategies to
people about financial strategies to
people about financial strategies to reach more people he decided to write
reach more people he decided to write
reach more people he decided to write his first book which he self-published
his first book which he self-published
his first book which he self-published Rich Dad Poor Dad Robert Kiyosaki is
Rich Dad Poor Dad Robert Kiyosaki is
Rich Dad Poor Dad Robert Kiyosaki is written over 15 books and is sold over
written over 15 books and is sold over
written over 15 books and is sold over 26 million copies three of his books
26 million copies three of his books
26 million copies three of his books have been on the best sellers list of
have been on the best sellers list of
have been on the best sellers list of the Wall Street Journal USA Today and
the Wall Street Journal USA Today and
the Wall Street Journal USA Today and the New York Times simultaneously and
the New York Times simultaneously and
the New York Times simultaneously and he’s a sought-after speaker who
he’s a sought-after speaker who
he’s a sought-after speaker who continues to educate people on how to
continues to educate people on how to
continues to educate people on how to understand their money even though
understand their money even though
understand their money even though Robert Kiyosaki failed with his first
Robert Kiyosaki failed with his first
Robert Kiyosaki failed with his first two businesses he was determined to
two businesses he was determined to
two businesses he was determined to become a successful entrepreneur and he
become a successful entrepreneur and he
become a successful entrepreneur and he kept at it he tapped into his passion
kept at it he tapped into his passion
kept at it he tapped into his passion for teaching people about money and went
for teaching people about money and went
for teaching people about money and went on to become more the most successful
on to become more the most successful
on to become more the most successful business writers of all time to help you
business writers of all time to help you
business writers of all time to help you grow your business
grow your business
grow your business here are three action items that you can
here are three action items that you can
here are three action items that you can learn from Robert Kiyosaki
oxygen atom number one make your money
oxygen atom number one make your money work hard one bit of advice you to serve
work hard one bit of advice you to serve
work hard one bit of advice you to serve me well with my business is don’t spend
me well with my business is don’t spend
me well with my business is don’t spend money until you’re making it anybody can
money until you’re making it anybody can
money until you’re making it anybody can spend money if I gave you a million
spend money if I gave you a million
spend money if I gave you a million dollars today for your business I’m sure
dollars today for your business I’m sure
dollars today for your business I’m sure you can come up with a million different
you can come up with a million different
you can come up with a million different ways to spend it but not everyone can
ways to spend it but not everyone can
ways to spend it but not everyone can make money bootstrapping should be your
make money bootstrapping should be your
make money bootstrapping should be your mantra find ways to get product or
mantra find ways to get product or
mantra find ways to get product or service out without spending money get
service out without spending money get
service out without spending money get even just a few orders and prove that
even just a few orders and prove that
even just a few orders and prove that people will buy what you’re selling then
people will buy what you’re selling then
people will buy what you’re selling then spend money on expanding your marketing
spend money on expanding your marketing
spend money on expanding your marketing your money will be well invested because
your money will be well invested because
your money will be well invested because you know you have something that works
you know you have something that works
you know you have something that works until you start making some sales hustle
until you start making some sales hustle
until you start making some sales hustle and put your sweat in – drumming up some
and put your sweat in – drumming up some
and put your sweat in – drumming up some business
business
business Kiyosaki believes that people go to
Kiyosaki believes that people go to
Kiyosaki believes that people go to school to learn how to work hard for
school to learn how to work hard for
school to learn how to work hard for money while he tries to teach people how
money while he tries to teach people how
money while he tries to teach people how to have money work hard for them he
to have money work hard for them he
to have money work hard for them he believes that for many people success is
believes that for many people success is
believes that for many people success is working hard to lend a secure job at a
working hard to lend a secure job at a
working hard to lend a secure job at a big company or government who look after
big company or government who look after
big company or government who look after you until you retire that model might
you until you retire that model might
you until you retire that model might have worked in the industrial age but
have worked in the industrial age but
have worked in the industrial age but now in the information age people have
now in the information age people have
now in the information age people have to look out for their own financial
to look out for their own financial
to look out for their own financial security because you can no longer rely
security because you can no longer rely
security because you can no longer rely on your employer to take care of you one
on your employer to take care of you one
on your employer to take care of you one of the best ways of doing this he
of the best ways of doing this he
of the best ways of doing this he believes is to create your own business
believes is to create your own business
believes is to create your own business and become your own boss
and become your own boss
and become your own boss according to Kiyosaki the poor and
according to Kiyosaki the poor and
according to Kiyosaki the poor and middle class work for money the rich
middle class work for money the rich
middle class work for money the rich have money work for them the rich buy or
have money work for them the rich buy or
have money work for them the rich buy or create assets that work for them so they
create assets that work for them so they
create assets that work for them so they don’t have to an asset puts money in
don’t have to an asset puts money in
don’t have to an asset puts money in your pocket and a liability takes money
your pocket and a liability takes money
your pocket and a liability takes money from your pocket the rich understand the
from your pocket the rich understand the
from your pocket the rich understand the difference and buy assets not
difference and buy assets not
difference and buy assets not liabilities actually not a number to
liabilities actually not a number to
liabilities actually not a number to mind your own business as entrepreneurs
mind your own business as entrepreneurs
mind your own business as entrepreneurs we have to wear many hats
we have to wear many hats
we have to wear many hats you’re everything from the CEO to the
you’re everything from the CEO to the
you’re everything from the CEO to the janitor when you start a business if you
janitor when you start a business if you
janitor when you start a business if you want to grow your business properly and
want to grow your business properly and
want to grow your business properly and have confidence in your decision making
have confidence in your decision making
have confidence in your decision making you need to understand your numbers yes
you need to understand your numbers yes
you need to understand your numbers yes it may be boring and outside your core
it may be boring and outside your core
it may be boring and outside your core competencies at the beginning but when
competencies at the beginning but when
competencies at the beginning but when you can understand your balance sheet
you can understand your balance sheet
you can understand your balance sheet income statement and the numbers that
income statement and the numbers that
income statement and the numbers that run your business you’ll be in a much
run your business you’ll be in a much
run your business you’ll be in a much better position to drive the company
better position to drive the company
better position to drive the company forward it could be one of the best
forward it could be one of the best
forward it could be one of the best investments that you ever make into
investments that you ever make into
investments that you ever make into yourself and your business if you want
yourself and your business if you want
yourself and your business if you want to achieve financial freedom
to achieve financial freedom
to achieve financial freedom Kiyosaki believes that there are three
Kiyosaki believes that there are three
Kiyosaki believes that there are three key lessons that you need to master
key lessons that you need to master
key lessons that you need to master learn how to make money learn how to
learn how to make money learn how to
learn how to make money learn how to manage it and learn how to invest it
manage it and learn how to invest it
manage it and learn how to invest it he encourages people to keep their day
he encourages people to keep their day
he encourages people to keep their day jobs until they’re earning enough money
jobs until they’re earning enough money
jobs until they’re earning enough money on the side or from their own business
on the side or from their own business
on the side or from their own business or from investments to be able to quit
or from investments to be able to quit
or from investments to be able to quit Kiyosaki also believes that money is a
Kiyosaki also believes that money is a
Kiyosaki also believes that money is a base subject and that it’s never too
base subject and that it’s never too
base subject and that it’s never too late to start learning according to
late to start learning according to
late to start learning according to Kiyosaki many people confuse a
Kiyosaki many people confuse a
Kiyosaki many people confuse a profession with their business to become
profession with their business to become
profession with their business to become financially secure people need to mind
financially secure people need to mind
financially secure people need to mind their own business
their own business
their own business your business revolves around your asset
your business revolves around your asset
your business revolves around your asset column as opposed to your income column
column as opposed to your income column
column as opposed to your income column the rich focus on their asset columns
the rich focus on their asset columns
the rich focus on their asset columns while the poor and middle-class focus on
while the poor and middle-class focus on
while the poor and middle-class focus on their income columns action auto number
their income columns action auto number
their income columns action auto number three work to learn not for money if you
three work to learn not for money if you
three work to learn not for money if you have inserted your business yet a great
have inserted your business yet a great
have inserted your business yet a great piece of advice is to get a job or you
piece of advice is to get a job or you
piece of advice is to get a job or you can learn the skills that you need to
can learn the skills that you need to
can learn the skills that you need to succeed as an entrepreneur want to set
succeed as an entrepreneur want to set
succeed as an entrepreneur want to set up your own auto shop go work for a
up your own auto shop go work for a
up your own auto shop go work for a small auto shop learn the ins and outs
small auto shop learn the ins and outs
small auto shop learn the ins and outs of how the business runs ask the
of how the business runs ask the
of how the business runs ask the business owner to get involved in other
business owner to get involved in other
business owner to get involved in other projects in addition to what you’re
projects in addition to what you’re
projects in addition to what you’re hired to do work extra hours and on the
hired to do work extra hours and on the
hired to do work extra hours and on the weekends to over-deliver
weekends to over-deliver
weekends to over-deliver and really understand how the business
and really understand how the business
and really understand how the business works you’ll first figure out if that
works you’ll first figure out if that
works you’ll first figure out if that industry is for you or not and you’ll
industry is for you or not and you’ll
industry is for you or not and you’ll also make many of your rookie mistakes
also make many of your rookie mistakes
also make many of your rookie mistakes while still getting paid by somebody
while still getting paid by somebody
while still getting paid by somebody else
else
else Kiyosaki credits much of his success as
Kiyosaki credits much of his success as
Kiyosaki credits much of his success as an entrepreneur to his military
an entrepreneur to his military
an entrepreneur to his military education you learn how to lead men into
education you learn how to lead men into
education you learn how to lead men into battle make important decisions quickly
battle make important decisions quickly
battle make important decisions quickly and be tough he translated those skills
and be tough he translated those skills
and be tough he translated those skills and hiring excellent workers and leading
and hiring excellent workers and leading
and hiring excellent workers and leading them into business battles he also
them into business battles he also
them into business battles he also credits working for Xerox are teaching
credits working for Xerox are teaching
credits working for Xerox are teaching them how to sell and how to accept and
them how to sell and how to accept and
them how to sell and how to accept and move forward from rejection
move forward from rejection
move forward from rejection according to Kiyosaki many entrepreneurs
according to Kiyosaki many entrepreneurs
according to Kiyosaki many entrepreneurs fail to grow because they lack
fail to grow because they lack
fail to grow because they lack leadership skills and rather than look
leadership skills and rather than look
leadership skills and rather than look in the mirror they find it easier to
in the mirror they find it easier to
in the mirror they find it easier to blame others blame is short for be lame
blame others blame is short for be lame
blame others blame is short for be lame and you can’t be an effective leader if
and you can’t be an effective leader if
and you can’t be an effective leader if you’re lame work to learn don’t work for
you’re lame work to learn don’t work for
you’re lame work to learn don’t work for money look for jobs that can help you
money look for jobs that can help you
money look for jobs that can help you develop the skills of managing cash flow
develop the skills of managing cash flow
develop the skills of managing cash flow systems and people rather than just pay
systems and people rather than just pay
systems and people rather than just pay you well
so remember make your money work hard
so remember make your money work hard mind your own business and work to learn
mind your own business and work to learn
mind your own business and work to learn not for money to finish up this video I
not for money to finish up this video I
not for money to finish up this video I wanted to share one of my favorite true
wanted to share one of my favorite true
wanted to share one of my favorite true stories about Robert Kiyosaki and some
stories about Robert Kiyosaki and some
stories about Robert Kiyosaki and some of his best quotes there was once a
of his best quotes there was once a
of his best quotes there was once a friend of Kiyosaki whose
friend of Kiyosaki whose
friend of Kiyosaki whose sixteen-year-old son
sixteen-year-old son
sixteen-year-old son desperately wanted a new car his friends
desperately wanted a new car his friends
desperately wanted a new car his friends had all been given one by their parents
had all been given one by their parents
had all been given one by their parents and now this son expected nothing less
and now this son expected nothing less
and now this son expected nothing less but it was not going to be that easy for
but it was not going to be that easy for
but it was not going to be that easy for the boy his father had played Kiyosaki
the boy his father had played Kiyosaki
the boy his father had played Kiyosaki his cash flow board game and he wanted
his cash flow board game and he wanted
his cash flow board game and he wanted to teach his son a lesson in financial
to teach his son a lesson in financial
to teach his son a lesson in financial management the father gave his son
management the father gave his son
management the father gave his son $3,000 but forbade him from using it to
$3,000 but forbade him from using it to
$3,000 but forbade him from using it to buy a car just yet at the same time he
buy a car just yet at the same time he
buy a car just yet at the same time he gave his son a subscription to The Wall
gave his son a subscription to The Wall
gave his son a subscription to The Wall Street Journal the father told his son
Street Journal the father told his son
Street Journal the father told his son that only once he had earned an
that only once he had earned an
that only once he had earned an additional six thousand dollars from
additional six thousand dollars from
additional six thousand dollars from investments who then used $3,000 to buy
investments who then used $3,000 to buy
investments who then used $3,000 to buy a car
a car
a car the rest of the money would of course go
the rest of the money would of course go
the rest of the money would of course go to into his college fund my friend said
to into his college fund my friend said
to into his college fund my friend said it was the best three thousand dollars
it was the best three thousand dollars
it was the best three thousand dollars he ever spent says Kiyosaki not only had
he ever spent says Kiyosaki not only had
he ever spent says Kiyosaki not only had a son gained a new respect for the power
a son gained a new respect for the power
a son gained a new respect for the power of money he also learned to spend money
of money he also learned to spend money
of money he also learned to spend money wisely instead of letting money burn
wisely instead of letting money burn
wisely instead of letting money burn holes in his pockets
thank you for joining me for another
thank you for joining me for another dish of modeling masters if you liked
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