Getting started.

To find million-dollar “deals of a lifetime” requires us to call on our financial genius.

● It lies asleep because our culture has educated us into believing that …
1)the love of money is the root of all evil.
2)It has encouraged us to learn a profession so we can work for money, but failed to
teach us how to have money work for us.
3)It taught us not to worry about our financial future because our company or the
government would take care of us when our working days are ovover.
4)The message is still to work hard, earn money, and spend it, and when we run short,
we can always borrow more.

There is gold everywhere.

Most people are not trained to see it.

I offer you the following

10 steps to awaken your financial genius.

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1. Find a reason greater than reality:

the power of spirit.

When people ask me what my reason for wanting to be rich is, I tell them that
it is a combination of deep emotional “wants” and “don’t wants.”

first, the “don’t wants,”...

1. I don’t want to work all my life.
2. I don’t want what my parents aspired for,which was job security.
3. I don’t like being an employee.
4. I hated it when my dad worked hard all his life and the government took most of
what he worked for at his death. He could not even pass on what he worked so
hard for when he died. The rich don’t do that. They work hard and pass it on to
their children.
Now the “wants.”...
1. I want to be free to travel the world and live in the lifestyle I love.
2. I want to be young when I do this.
3. I want to simply be free.
4. I want control over my time and my life.
 5. I want money to work for me.

Those are my deep-seated emotional reasons.

● it was the deep emotional reasons that kept me standing up and going forward.
● I wanted to be free by age 40, but it took me until I was 47, with many learning
experiences along the way.
● I’ve learned that, without a strong reason or purpose, anything in life is hard.

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2. Make daily choices:

The power of choice

We want the power to choose.

with every dollar we get in our hands, we hold the power to choose our future: to be rich, poor,
or middle class.

● “I’m not interested in money.”

● “I’ll never be rich."
● “I don’t have to worry.I’m still young.”
● “When I make some money, then I’ll think about my future.”
● “My husband/wife handles the finances.” .
...those statements rob the person
who chooses to think such thoughts of two things:
1. One is time, which is your most precious asset.
2. The second is learning.
Having no money should not be an excuse to not learn. Invest first in education.

That is a choice we all make daily:

the choice of what we do…with our time,
our money, and what we put in our brains.
….That is the power of choice. All of us have choice. I just choose to be rich, and I make that
choice every day.

Most people simply buy investments rather than , first investing in learning about
investing.

● if you learn something new, you are then required to make mistakes in order to fully
understand what you have learned.
● A truly intelligent person welcomes new ideas, for new ideas can add to the synergy of
other accumulated ideas. Listening is more important than talking. If that were not true,
God would not have given us two ears and only one mouth. Too many people think with
 their mouth instead of listening in order to absorb new ideas and possibilities. They
argue instead of asking questions.
● If you want to fly an airplane, I advise taking lessons first. I am always shocked at people
who buy stocks or real estate, but never invest in their greatest asset, their mind. Just
because you bought a house or two does not make you an expert at real estate.

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3.Choose friends carefully:

the power of association

● I do not choose my friends by their financial statements.I have friends who have actually
taken a vow of poverty as well as friends who earn millions every year. The point is that
I learn from all of them.
● I learn from them, and they learn from me.
● I also learn from my friends who struggle financially. I find out what
not to do.

The reason you want to have rich friends

is because that is where the money is made.

It’s made on information. You want

to hear about the next boom, get in, and get out before the next bust. the sooner you know, the
better your chances are for profits with minimal risk.

That is what friends are for.

And that is financial intelligence.

WARNING:
Don’t listen to poor or frightened people.

● I have such friends, they are the Chicken Littles of life.

● To them, when it comes to money, especially investments, it’s always, “The sky is falling!
The sky is falling!”
● They can always tell you why something won’t work.
● The problem is that people listen to them. But people who blindly accept
doom-and-gloom information are also Chicken Littles.
● If you watch business channels on TV, they often have a panel of so-called experts. One
expert will say the market is going to crash, and the other will say it’s going to boom. If
you’re smart, you listen to both. Keep your mind open, because both have valid points.
I would say that one of the hardest things about wealth-building is to be true to yourself and to
be willing to not go along with the crowd.

● Smart investors don’t time the markets. If they miss a wave, they search for
the next one and get themselves in position. This is hard for most investors
because buying what is not popular is frightening.
● Wise investors buy an investment when it’s not popular.
● They know their profits are made when they buy, not when they sell.
● They wait patiently. As I said, they do not time the market. Just like a surfer,
they get in position for the next big swell.
● It’s all “insider trading.”

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4. Master a formula and then learn a new one:

the power of learning quickly

be careful what you learn,

because your mind is so powerful
you become what you put in your head.

For example,
● if you study cooking, you then tend to cook.
If you don’t want to be a cook anymore, then you need to study something else.

In today’s fast-changing world,

It’s not so much what you know anymore that counts, because often what you know is old.
It is how fast you learn. That skill is priceless.

Working hard for money is an old formula born in the day of cavemen.

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5. Pay yourself first:

the power of self-discipline

If you cannot get control of yourself,

do not try to get rich
personal self-discipline is the number-one factor between the rich, the poor, and the middle
class.
● It is the lack of self-discipline that causes people who get a raise to immediately go out
and buy a new car or take a cruise.
People who lack internal fortitude(મનોબળ) often become victims of those who have
self-discipline.

In the entrepreneur classes I teach

to not focus on their product, service, or widget, but
to focus on developing management skills.

The three most important management

skills necessary to start your own business are management of:
1. Cash flow
2. People
3. Personal time

● The Richest Man In Babylon, was all about: the power of self-discipline and the power of
internal fortitude.
● The reason I minimize my income is because I don’t want to pay it to the government.
That is why my income comes from my asset column, through a Nevada corporation. If I
work for money, the government takes it.
● I don’t like consumer debt. I actually have liabilities that are higher than 99 percent of the
population, but I don’t pay for them. Other people pay for my liabilities. They’re called
tenants.

So rule number one

in paying yourself first is:
Don’t get into consumer debt in the first place. "I pay my bills last,"

We just don’t cave in to pressure and spend

our savings or liquidate stocks
To pay for consumer debt.
That is not too financially intelligent.

To successfully pay yourself first, keep the following in mind:

1. Don’t get into large debt positions that you have to pay for.
Keep your expenses low.
Build up assets first.
Then buy the big house or nice car. Being stuck in the Rat Race is not intelligent.

2. When you come up short,

let the pressure build and don’t dip into your savings or investments.
 Use the pressure to inspire your financial genius to come up with new ways of making
more money, and then pay your bills.
You will have increased your ability to make more money as well as your financial
intelligence.

Poor people have poor habits.

A common bad habit is innocently called “dipping into savings.”

The rich know that savings are only used to create more money, not to pay bills.

If you call on your financial genius, you can have all the goodies of
life, get rich, and pay bills. And that is financial intelligence.

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6. Pay your brokers well:

the power of good advice.

My rich dad believed

in paying professionals well.

● What I pay a broker is tiny,in comparison with what kind of money I can make because of
the information they provide.

● I love it when my real estate broker or stockbroker makes a lot of money because
that usually means I made a lot of money.

We live in the Information Age. Information is priceless.

A good broker should provide you with information, as well as take the time to
educate you.

I have several brokers who do that for time. Some taught me when I had little or no money, and I
am still with them today.

● A broker is my eyes and ears in the market. They’re there every day so I do not have to be. I’d rather
play golf.
● The real skill is to manage and reward the people who are smarter than you in some technical area.
● That is why companies have a board of directors. You should have one too. That is financial
intelligence.

"Find a broker who has your best interests at heart. Many brokers will spend the time educating you, and they could be the
best asset you find."
"When I interview any paid professional, I first find out how much property or stocks they personally own and what
percentage they pay in taxes. And that applies to my tax attorney as well as my accountant."

People who sell their house on their own must not value their time much.
Why would I want to save a few bucks when I could use that time to make more money or
spend it with those I love?

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7. Be an Indian giver:
The power of getting something for nothing

The sophisticated investor’s first question is: “How fast do I get my money back?”

They also want to know what they get for free?

On every one of my investments, there must be an upside, something for free—like a

condominium, a mini-storage, a piece
of free land, a house, stock shares, or an office building. And there must be limited risk, or a
low-risk idea. Ray Kroc, of
McDonald’s fame, sold hamburger franchises, not because he loved hamburgers, but because
he wanted the real estate under the franchise for free.

That is why the ROI, or return on

investment, is so important.

Frequently, my broker calls and recommends I move a sizable amount of money into the stock of a company
that he feels is just about to make a move that will add value To the stock, like announcing a new product.

I will move my money in for a week to a month while the stock moves up. Then I pull my initial dollar amount
out, and stop worrying about the fluctuations of the market, because my initial money is back and ready to
work on another asset.

So my money goes in, and then it comes out, and I own an asset that was technically free. True, I have lost
money on many occasions, but I only play with money I can afford to lose.

People who hate risk put their money in the bank. In the long run, Safe savings are better than no savings. But it
takes a long time to get your money back and, in most instances, you don’t get anything for free with it.

So wise investors must look at more than ROI. They look at the assets they get for free once they get their
money back.
That is financial intelligence.
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8. Use assets to buy luxuries:

the power of focus

As I said earlier,
if a person cannot master
the power of self-discipline,
it is best not to try to get rich.

● I say this because, although the process of developing cash flow from an asset column
is easy in theory, what’s hard is the mental fortitude to direct money to the correct use.
● Due to external temptations, it is much easier in today’s consumer world to simply blow
money out the expense column.
● With weak mental fortitude, that money flows into the paths of least resistance. That is
the cause of poverty and financial struggle.

We go to school to learn a profession so we can work for money. It is my opinion that it’s just as
important to learn how to have money
work for you.

I love my luxuries as much as anyone else. The difference is I don’t buy them on credit. When I
wanted to buy a Porsche, the easy road would have been to call my banker and get a loan. One
is easier in the
short term, but harder in the long term.
Remember, the easy road often becomes hard, and the hard road often becomes
easy.

Instead of choosing to focus in the liability column, I chose to focus in the asset column. As a
habit, I use my desire to consume to inspire and motivate my
financial genius to invest.

Instead of being a slave to money,

you will be the master of it.
That is financial intelligence

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 9. Choose heroes:
The power of myth

● Today, I watch young kids playing basketball near my home.

● They’re pretending to be their favorite basketball hero.
● Copying or emulating heroes is true power learning.

But heroes do more than

simply inspire us,
Heroes make things look easy.

Making it look easy convinces us

to want to be just like them.
“If they can do it, so can I.”

● When it comes to investing,

too many people make it sound hard. Instead, find heroes who make it look easy.

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10. Teach and you shall receive:

the power of giving

“If you want something,

you first need to give”__Richdad.

When he was short of money,

he gave money to his church or to his favorite charity.

● Whenever you feel short or in need of something, give what you want first and it will
come back in buckets.

● That is true for money, a smile, love, or friendship. I know it is often the last thing a
person may want to do, but it has always worked for me. I trust that the principle of
reciprocity is true, and I give what I want.
● I want money, so I give money, and it comes back in multiples. I want sales, so I help
someone else sell something, and sales come to me. I want contacts, and I help
someone else get contacts.
 ● I heard a saying years ago that went: “God does not need to receive, but humans need
to give.”

● Whenever I feel that people aren’t smiling at me, I simply begin smiling and saying hello

your world is only a mirror of you.

That’s why I say,

“Teach, and you shall receive.” I have found that the more I teach those who want to learn, the
more I learn.

If you want to learn about money, teach it to someone else. A torrent of new ideas and finer
distinctions will come in.

My dad taught teachers,

and he became a master teacher.

You only need to be generous

with what you have.