Robert T. Kiyosaki is an American business and author and he is the founder of Rich Dad Company, a private financial education company that provides personal finance and business education to people.
Robert T. Kiyosaki beautifully described what Successful people follow and become Rich.
Their lives are not controlled by these two emotions: fear and greed.
Most people have a price. They have a price because of human emotions named fear and greed. First, the fear of being without money motivates us to work hard and then once we get money in form of salaries etc. then our greed starts us thinking about all the wonderful things money can buy. And this becomes their pattern for life and that’s what all of them are doing, they are following the rat race. So they do not become rich their entire life. The successful people build their assets with that money which give them returns later in life. They control their greed.
They acquire assets whereas the middle class acquire liabilities which they think are assets.
Rich people acquire assets and middle class acquire liabilities which they think are assets. Most people struggle financially because they do not the difference between an asset and liability. An asset puts money in pocket and a liability takes money out of your pocket. Rich people invest their money in Real estates, stocks, properties etc.
They do not work for money, let money work for you.
This is what rich people do and middle-class people fail to do. The upper class always have their assets ready which give them good returns in a long run. But most of the people do not progress because they just spend their money in liabilities. So rich become more successful and even if they stop working they will have money working for them. So control your desires and put your money in good assets, not right away but after few years the time will come when you will be able to buy all that desired stuff. But at that time you will be having plenty.
They are financially literate and this education is not given in our schools or colleges.
Financial education is very important and it should be given to students right from the beginning by their parents. They should teach them about money and how it can work for them. They should be taught that money should not control them. A person can be highly educated and professionally succesful, but can be financially illiterate.
They raise capital all the time for the next phase of their business.
As rich people always buy assets first then their greed stuff, they have enough money to raise for the next asset. They always plan and look up ways to increase what they have now and by the time they raise more and more money. They do not look for liabilities or desires that will take money from their pockets.
They are not bossy, they are leaders and keeps their team motivated.
A great leader is not who is always shouting at their staff because of the vanity of their position. Despite leader is one who takes good care of their staff and finds solutions to problems by indulging them. The great leader encourages everybody to perform their best and admires them for their work. They are not cruel or egoistic. They treat everybody equally.
They are confident, without being arrogant.
Successful people are confident with whatever they do. They are not arrogant and this is the reason behind their riches. Great examples of rich and humble people in India are Mr Mukesh Ambani, Ratan Tata and much more. They have secured their position by their good and humble attitude. Arrogance or vanity will not let people stay in riches for a long time, they will realize when they lose it all.
They inspire trust and admiration through their actions, not just their words.
Successful people just don’t boast about anything, they just do what they speak or they don’t speak anything useless. Their actions say it all. Don’t let people know too much about you and just let your hard work make noise.