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Melvin Richard 🇮🇳 @melvinrichardme
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Inspired by @naval to make a useful tweetstorm and also inspired by @Douglas9162 to create notes about a good book. I've decided that I should create this thread after reading this famous book called "The Business of the 21st century" by @theRealKiyosaki and @kimkiyosaki
1- "Take responsibility of your finances - or get used to taking orders for the rest of your life. You're either a master of money or slave to it. Your choice"
- @theRealKiyosaki
2- Genuine wealth is not wholly about money. Money is a part of it, but it's not the whole. Building genuine wealth is as much about the builder as it is about the built.
3- In a 2009 USA Today survey, 60 percent of the Americans polled said they see today's economic situation as the biggest crisis in their lifetime.
4-You're income is always at risk.
5 -The number of people living below the poverty line is increasing rapidly and the number of people working above the age of 65 is also increasing.
6-Your job is not going to take care of you. Your government is not going to take care of you. Nobody is going to take care of you. It's a new century, and the rules have changed.
7-Job security, Pensions, Social securities are all the "Industrial Age way of thinking". We currently belong to the "Information Age thinking".
8-The economy is not the issue. The issue is "YOU"
9-You can take charge of your future only when you take control of your income source. You need your own business.
10-"When times are bad is when the real entrepreneurs emerge. Entrepreneurs don't really care if the market's up or down. They're creating better products and better processes" - Robert Kiyosaki
11-It's not just about making a living. It's about the quality of how we're living.
12-"All people are Entrepreneurs, but many don't have the opportunity to find that out" - Muhammad Yunus ( Author of "Banker to the Poor")
13-"It doesn't matter how fast or how high you climb up the ladder if it's leaning against the wrong wall" - Stephen R Covey
14-How you make it matters more than how much you make it.
15-If you're the leader of the team and you're also the smartest person in your team, then your team is in trouble.
16-There are actually four quadrants in which people generate income. They are employment, self- employment, Business owners, Investors.
17-Core values of each Quadrant are :

Employment - Safety and Security
Self Employment - Independence
Business owners - Wealth Building
Investors - Financial Freedom
18-When you are in the B Quadrant (Business Owner) , you come across people who are way smarter than you. While in the S Quadrant (Self Employed) you turn out to be the smartest person in the room. You win in the S Quadrant, and your team wins because of you in the B Quadrant.
19-"The investor loves the idea of money working for him instead of him working for money" - Robert Kiyosaki
20-If you want to get rich you're going to have to move. You don't need a new job, you need a new address.
21-"An Entrepreneur makes things happen" - Robert Kiyosaki
22-It takes courage to discover, develop and donate your genius to the world.
23-"Wealth is the product of man's capacity to think" - Ayn Rand
24-One of the beauties of the businesses in the 21st century is that all the groundwork of businesses is already done for you.
25-Working hard at creating money will never create wealth.
26-After all, most things in life you cannot control, no matter how hard you try. You can’t control the market. You can’t control employees. You can’t control the economy. What can you control? You can control the source of your income.
27-Your income should have constant perpetuity in it. That's the power of passive income.
28-Personal success is fulfilling but it is more fulfilling to be the reason for other people's success.
29-Network Marketing is the "Business of the 21st century". Instead of paying digital agencies and companies to promote your product why not invest in people who love sharing your product with others. This is called "Network Marketing" said John Fleming.
30-Today, Network Marketing is recognized by many experts and accomplished business people as one of the fastest growing business models in the world.
31-Common factor between Buffet and Branson. They are both billionaires. They are both extremely practical men. They both run some of the largest network marketing companies.
32-What defines something as an asset or a liability is cash flow, not some subtraction of value.
33-"Your house is not an asset, it is a hole in the ground into which you pour your money" - Robert Kiyosaki
34-In a job you earn income. In network marketing instead of earning income you build assets and it generates income for you.
35-If it makes money for you, it's an asset. If it takes money from you, it's a liability.
36-If you buy a piece of real estate for $100,000 and then sell it for $200,000, that’s not an asset; you just generated a $100,000 capital gain. You had to shoot the asset to get that money. You’ve killed the asset. It’s like selling your cow for money.
37-When you work for a job, you're building an asset. An asset owned by somebody and not you.
38-Network Marketing paves the way for real world business education.
39-There are three kinds of education that exists. Scholastic education, Professional education and financial education.
40-Scholastic education is what we've all been through. Things like how to read, write and learn.
41-Professional education is preparing you to get a good job to be employed.
42-Financial education teaches how money can work for you, instead of you working for the money.
43-If you want to be rich you need a real world financial education instead of a scholastic education.
44-Network marketing is a place where you're paid to learn priceless real world education. You learn to do by doing it not by sitting in a classroom listening to a person speak about doing it.
45-Network marketing is a real-world business school for people who want to learn the real-world skills of an entrepreneur, rather than the skills of an employee.
46-Money and success can make you arrogant. But with some poverty and humility behind you, you become a student again.
47-You can't get rich in isolation. You're as only as good as the community of people you hang out with, talk with, work with and play with.
48-The power is not in the product; the power is in the network. If you want to become rich, the best strategy is to find a way to build a strong, viable, growing network.
49-Network Marketing follows Metcalfe's law which states that " Adding value or person to your network increases your economic growth exponential"
50-The real business is not the product but the network in which the product travels.
51-In network marketing, you are the messenger and not the message.
52-Leadership is the force that makes it all come together. Leadership is what builds great businesses.
53-Wealth is not the same thing as money. Wealth is not measured by the size of income. Wealth is measured in time.
54-Wealth is measured by the richness of your life experience today plus the number of days into the future that you have the capacity to continue living at that level of experience.
55-Investing and Reinvesting on your business is the original source of wealth to be created.
56-The income generated from your assets should be the source for the existence of all the luxuries you have today. Only then you'll truly have financially free life.
57-You can grow in life by saying "How can I afford this? " instead of "I can't afford this"
58-Everyone has dreams but not everyone has the same dream.
59-Being broke is a temporary condition. Being poor is different. Poor is a state of mind.
60-"I learned this, at least, by my experiment: that if one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours" - Thoreau
61-When choosing a company to work with, the product is not the most important consideration.
62-Whatever you may have in the 21st century, books never goes out of style.
63-In network marketing people want you to have growth in your profit as their success depends on your growth.
64-Making the sale is not the point, but building the network is.
65-Losing is a part of the process of winning.
66-Mistakes are priceless opportunities to learn essential lessons.
67-You can plan all you want, study all you want, and learn all you want, but the only people who win in network marketing are people who take action—today, tomorrow, and every day.
68-It is not real estate, gold, stocks, hard work, or money that makes you rich; it is what you know about real estate, gold, stocks, hard work, and money that makes you rich. Ultimately, it is your financial intelligence that makes you rich.
69-Network marketing is more than just a good idea; in many ways, it is the business model of the future. Why? Because the world is finally starting to awaken to the reality that the Industrial Age is over.
70-You can become rich by being cheap and greedy. You can also become rich by being abundant and generous. The method you choose will be the method that most closely matches the core values deep inside of you.
The main reason for creating for this thread is my passion for reading and writing. The greatest sources of my inspiration are these people which I follow
@farnamstreet @morganhousel @naval @Kpaxs @TheStoicEmperor @RyanHoliday @RobertGreene @EdLatimore @fof @patrick_oshag
Happiness is seeing your favorite person encouraging you. Thank you @naval . I'll come back with more insights from many other mind refreshing books :)
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