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00:00Rich Dad, Poor Dad is one of those finance books that I wish I had read when I was 14 or 15 years
00:04old. I strongly recommend reading the book or watching this video because I will be doing a
00:10detailed summary of all seven key lessons. Lesson number one, the rich don't work for money.
00:18When he was nine years old, Robert and his childhood friend Mike weren't invited to a
00:23classmate's beach house because they were poor kids. Robert came home and asked his dad how to
00:28become rich, and the only response he got was, you have to learn how to make more money.
00:33Even as a kid, Robert understood that this advice wasn't going to help him to become rich.
00:39Robert's father, whom Robert calls his Poor Dad, was a teacher and made a good living but always
00:45struggled financially. Seeing how determined Robert and his friend Mike were to learn about making more
00:51money, Robert's dad, the Poor Dad, advised them to go and talk to Mike's dad, whom Robert called
00:58his Rich Dad. Both Robert and Mike were quite surprised because Rich Dad wasn't rich yet. Plus,
01:06he never finished eighth grade but ran multiple successful businesses. Nevertheless, they went
01:11to meet Mike's dad. On the day of the meeting, he asked them if they were ready to learn how to make
01:16money. They were excited and nodded their heads quickly. He then made them an offer. He said that he
01:22would teach them how to make money but not in a classroom style. He would only teach them if they
01:27worked for him. According to him, he would be wasting his time if they just wanted to sit and
01:33listen as they did in school. They could learn faster if they worked for him. Robert wanted to
01:39ask a question but he didn't give them a chance. He said if they couldn't make up their mind decisively,
01:44then they would never learn to make money. Opportunities come and go and being able to know
01:48when to make quick decisions is an important skill. They knew they had to make a decision. Robert and Mike
01:54looked at each other and both agreed to take the offer. Mike's dad was pleased and said he would
01:59pay them 10 cents an hour and they would work three hours every Saturday. Even though Robert had a
02:06softball game that day, he chose to work and learn instead of playing. He knew this was his opportunity
02:12and he didn't want to waste it. So, Robert and Mike started working for Mrs. Martin who was an employee
02:18of Mike's dad and used to take care of a small supermarket. They were the kind of stores where people bought
02:23essentials like milk, bread, butter, and cigarettes. The only problem was that the stores didn't have
02:29air conditioning. So, they had to keep the doors wide open to the road and parking lot, which meant
02:34that dust would swirl and settle inside every time a car drove by. Their job was to take canned goods off
02:41the shelves, brush them with a feather duster to get the dust off, and then restack them neatly. It was
02:46mind-numbingly boring work. They worked for three hours every Saturday and got paid 30 cents, which was
02:55not very exciting for them, since one comic book cost 10 cents back then. They did it because they
03:01wanted to learn how to make money. But after three weeks of doing this, Robert was ready to quit. He felt
03:08like a slave, working for just 10 cents an hour, and hadn't even seen Mike's dad since the first
03:13meeting. So, at lunchtime on the fourth week, he told Mike that he was quitting. The school was boring
03:20enough, and he didn't want to waste his Saturdays doing this job anymore. He was done. To his surprise,
03:27Mike started smiling and said that his dad had expected this to happen. He had told Mike to meet with
03:32him when Robert was ready to quit. It made Robert mad, but Mike said that his father's way of teaching
03:39was different from Robert's parents. He didn't like to lecture, and used experience as a way of
03:45teaching. Robert agreed to meet with Mike's dad the following Saturday to hear him out. Even his real dad
03:51was angry with Mike's dad. Robert's poor dad had advised him to demand a raise of at least 25 cents an
03:57hour, and to quit if he didn't get it. When Robert arrived at Mike's house, he was made to wait in line
04:03for 45 minutes before Mike's dad finally appeared. Frustrated and angry, Robert told Mike's dad that
04:11he had not kept his end of the bargain. He had promised to teach him if he worked for him, but he
04:17had not fulfilled his promise. Robert accused him of being greedy and not respecting his employees.
04:23He asked Robert if teaching meant talking or giving a lecture, and Robert replied with a nod.
04:28Rich dad told him that life is the best teacher of all, and that most of the time, life does not
04:34talk to you. He explained that life often pushes us around to teach us something. Some people let
04:41life push them around, while others fight back against the wrong things, such as their job, boss,
04:46or spouse. But only a few people welcome life's push as an opportunity to learn and grow. Rich dad said
04:54that he had over 150 employees, but none of them had ever asked him to teach them about money.
05:00They only sought jobs and paychecks, never really grasping the purpose of their work. However, when
05:07Mike told him that both of them wanted to learn how to make money, rich dad decided to create a program
05:12that mirrored real-life experiences. He paid them a mere 10 cents an hour, which initially made them angry,
05:20but he explained that he wanted them to experience life's push, so that they could understand what
05:25he was trying to teach. When rich dad asked Robert what he had learned from working for such a low
05:31wage, he complained about his greed and lack of respect for his workers. He even threatened to quit
05:36if his rich dad didn't pay him more or teach him more. Rich dad explained that most people would do
05:42exactly what he was suggesting, quit and look for a higher-paying job. However, this usually wouldn't
05:48solve their problems. He wanted Robert to understand that waiting for a raise, thinking that more money
05:53would solve his problems, was not the solution. The solution is to make money work for you.
06:01Robert was slowly starting to understand the lesson rich dad was trying to teach. Rich dad asked if
06:05Robert still had a passion to learn. When Robert said yes, he told him he was going to stop paying him
06:11for the work at the store. Robert was confused. He came for a raise, but now he was going to work for
06:18free? Rich dad said that if he wanted to make more money, then he needed to use his head and figure it
06:24out. Robert and Mike worked for free for three weeks. One day, Mike's dad showed up and took the
06:30boys outside for ice cream. Rich dad asked if they learned anything yet. They said no. The rich dad told
06:37them they better hurry and start thinking about the lesson that was staring at them. To explain the
06:43lesson, he asked the boys to look at Mrs. Martin and the people in the park and think if the life
06:48they were living seemed exciting to them. They worked hard for little money their whole lives,
06:53clinging to the illusion of job security and looking forward to a three-week vacation each year
06:58and maybe a pension after 45 years of service. Rich dad said if this kind of life excited them,
07:04he would be willing to offer them a raise of 25 cents an hour. Their heartbeats raised and they
07:10knew it would mean so much to them, but still they said no. Seeing their resistance, rich dad raised his
07:17offer to $1 an hour, then $2. Each time he raised his offer, Robert's heart started exploding and his
07:25brain was pushing him to take the offer. He knew $2 an hour would have made him the richest kid in the
07:31world. He couldn't imagine earning that kind of money. He wanted to say yes. He could picture a
07:38new bicycle, a new baseball glove, and the adoration of his friends when he flashed some cash. But somehow
07:44his mouth stayed shut. Rich dad was looking at two boys staring back at him, eyes wide open and brains
07:52empty. He was testing them and he knew there was a part of their emotions that wanted to take the deal.
07:58He understood that every person has a weak and needy part of their soul that can be bought.
08:04And he knew that every individual also had a part of their soul that was resilient and could never be
08:10bought. It was only a question of which one was stronger. So he made a final offer of $5 an hour.
08:19Suddenly, the boys' expressions changed and their empty looks changed into calmness.
08:25It felt their temptation disappear in the second. They felt the part of their soul that was weak
08:32and needy was silenced and taken over by the part that had no price. The rich dad said it was good
08:39they didn't have a price. Most people did because their lives were controlled by fear and greed. Fear of
08:46being without money makes them work hard and earn a paycheck. But once they have that money, greed gets
08:51them thinking about all the things they could buy, which makes them need more money, which makes them
08:56spend more and work more. It's what the rich dad called the rat race. Mike asked if there was another
09:03way and rich dad said there was. But not many people knew about it. Mike wanted to know what it was and
09:09rich dad said they would learn it while working with him for no pay. Mike asked for a hint and rich dad
09:16replied that the first step is to tell the truth. When asked what truth, he replied that it was about
09:23how they feel and they must confess it to themselves, not others. Rich dad expressed doubt
09:30that the people working for him were capable of confessing their truth. Instead, they feel the fear
09:35of not having money and respond emotionally rather than logically. They do not confront their fear and
09:41their emotions control their brains. They work to earn money, hoping it will relieve their fear.
09:47But it never does. Money governs their emotions and souls and they refuse to acknowledge this truth.
09:55Rich dad urged them to avoid this trap, stating that being rich does not solve the problem.
10:01When asked why, he introduced the other key emotion, desire. It's common for people to desire things that
10:09are better, prettier, or more exciting. They often work for money because they think it will make them
10:13happy. But the happiness from money is short-lived. Many rich people are actually driven by fear,
10:21thinking that money will make them feel secure. However, they end up fearing losing it all,
10:25which makes them more anxious than when they were poor. Emotions often control our thinking,
10:31and fear can lead us to make decisions that don't solve the real problem. For example,
10:36when someone is afraid of not having enough money, they might think getting a job is the only solution.
10:42But in reality, a job is only a temporary fix for a long-term problem. It's important to learn how
10:48to think for ourselves and not let our emotions control us. Rich dad said that he saw hope when
10:55both of the boys agreed to work for free. And they also took the first step when they resisted their
11:00emotions when rich dad tempted them with more money. They were learning to think in spite of being
11:06emotionally charged. He told them to keep working, and the sooner they forget about needing a paycheck,
11:11the easier their adult life would be. He encouraged them to keep using their brain,
11:16work for free, and soon their mind would show them ways of making money far beyond what he could
11:21ever pay them. They would be able to see things that others couldn't. The moment they saw one
11:27opportunity, they would see them for the rest of their lives. The boys did as rich dad advised,
11:32and pretty soon they saw an opportunity in creating a library where kids could pay an admission fee
11:37and read as many comic books as they wanted. They hired Mike's younger sister to be the head
11:42librarian. She charged each child 10 cents for admission to the library. It was a bargain for
11:48the kids, since a comic book cost 10 cents each, and they could read five or six in two hours.
11:55Mike and Robert averaged $9.50 per week over a three-month period. They paid his sister $1 a week,
12:02and allowed her to read the comics for free. They had to close the library after three months
12:08because of a fight that took place there, but they had already learned how to make money work
12:12for them, even when they weren't physically present. They had learned the first lesson,
12:18which was, the rich don't work for money. They were ready to learn more, and Mike's dad was ready
12:25to teach them. Lesson two, why teach financial literacy? When people ask Robert where he started
12:32getting rich, he gives them the same answer his rich dad gave him. If you want to be rich,
12:38you need to be financially literate. For example, accounting is a subject that is boring, confusing,
12:44but absolutely crucial to financial success. To make it easy, rich dad used pictures and simple
12:50language to teach it to the two boys. One of the first things rich dad explained to Robert and Mike
12:55was the difference between an asset and a liability. He said that if you want to be rich,
13:00the only thing you need to do is buy assets. That's all you need to know to get rich. But despite
13:05it being so simple, it's something that many people don't understand. When rich dad first explained it
13:10to Robert and Mike, they thought he was joking because the concept was so simple. How could adults not
13:16understand this? Shouldn't everyone be rich? The problem is that most people have been educated
13:21differently by bankers, financial planners, and others. So they must unlearn what they think they
13:28know. And because of that, they buy liabilities thinking that they are assets. Robert uses simple
13:34definitions for assets and liabilities. An asset is something that puts money in your pocket, and a
13:40liability is something that takes money out of your pocket. This is the cash flow pattern of an
13:46asset. The top part of the diagram is an income statement, often called a profit and loss statement.
13:52It measures income and expenses, money in and money out. The lower part of the diagram is a balance
13:58sheet. It's called that because it's supposed to balance assets against liabilities. Assets add to
14:04your income. They put money in your pocket. For example, if you have a house and you rent it out,
14:09then it's an asset because it puts money in your pocket every month. And this is the cash flow
14:15pattern of a liability. A liability takes money out of your pocket. If you want to be rich,
14:21what you need to do is to avoid liabilities and instead buy more assets. Through these simplified
14:29diagrams, you can easily tell how each person handles money. Robert says often those in debt
14:35think the answer to their problem is to make more money. But not only will more money not always solve
14:41their problems, it may compound them. It's why many people who get a sudden windfall through the
14:46lottery or an inheritance quickly burn through it. An increase in cash only results in an increase
14:53in spending. What is missing for so many people is the financial education. It's why they might still
15:00end up successful in their professions, but still struggle with money. They may have learned how to make
15:05money, but not how to manage it. People can be very intelligent and still be illiterate when it comes
15:10to finances. They learned how to work hard for money, but not how to make their money work hard for
15:16them. Many people still believe that their home is an asset. But Robert teaches that a home is a
15:22liability because it takes money out of your pocket through taxes and other expenses. This doesn't mean
15:28you can't ever buy a house. You can, of course. But make sure to first buy assets that will generate the
15:34cash flow to pay for the house. Robert says if you want to get rich, all you need to do is to buy more
15:39income-producing assets, keep your liabilities and expenses low. And when will you know that you
15:46already have enough wealth? Robert uses the following definition for wealth. Wealth is a person's ability
15:52to survive so many number of days forward, or if I stopped working today, how long could I survive?
15:59Another way of stating it, wealth is the measure of the cash flow from the asset column
16:04compared with the expense column. When your assets generate enough income to cover your expenses,
16:10you are wealthy, even if you are not yet rich. Lesson three, mind your own business.
16:19A friend of Robert heard Ray Kroc, the founder of McDonald's, speak at the University of Texas in
16:241974. Afterward, Ray agreed to join the students at their favorite hangout for a few beers.
16:30He asked the students what business he was in. At first, they laughed, and then they answered that
16:36he was in the business of selling hamburgers, of course. But Ray told them he was not in the hamburger
16:42business, but in the real estate business. He knew that the land and location of each franchise were
16:48the most significant factors in its success. Today, McDonald's is the largest single owner of real
16:55estate in the world, owning some of the most valuable intersections and street corners around
17:01the globe. There's a big difference between your profession and your business. Often, Robert asks
17:08people, what's your business? And they say, oh, I'm a banker. Then he asks them if they own the bank,
17:14and they usually respond, no, I work there. In that instance, they have confused their profession with
17:21their business. Their profession may be a banker, but they still need their own business. So many
17:27people work for everyone else. Their employer, the government, taxes, and the bank, mortgage.
17:34What Ray Kroc and Rich Dad knew was secret number three of the rich. Mind your own business. Don't spend
17:41your whole life working for someone else. Too many people spend their lives minding someone else's
17:47business and making them rich. Minding your business doesn't mean starting a company, though for some
17:53people it will. Instead, your business revolves around your asset column, not your income column.
18:00Keep your daytime job, but start buying real assets, not liabilities that lose value as soon as you walk
18:06out of the store. Keep expenses low, reduce liabilities, and diligently build a base of solid assets.
18:13Parents need to teach young people this before they leave home so that they understand what a true
18:19asset is and won't find themselves trapped in a lifestyle of debt. Robert says real assets fall
18:25into the following categories. Businesses that do not require his presence. He owns them, but they are
18:31managed or run by other people. If he has to work there, it's not a business. It becomes his job.
18:36Number two, stocks. Number three, bonds. Number four, income-generating real estate. Five, royalties from
18:45intellectual property, such as music and patents. Six, anything else that has value, produces income,
18:52or appreciates, and has a ready market. Acquire assets that you love. Robert loves real estate and thus
19:00spends most of his time thinking about and shopping for it. If you don't like real estate,
19:05don't invest in it. Even while working for Xerox, Robert minded his own business. He kept his day job
19:12and slowly built his asset column. The more he understood accounting and cash management,
19:17the better he was at analyzing investments and eventually building his own company.
19:21He doesn't recommend people start a company unless they really have the desire to. Otherwise,
19:27he advises them to keep their day job and mind their business, building and keeping their asset column
19:33strong. As cash flow grows, you can indulge in luxuries, but only if the cash flow supports them.
19:42Build the asset column and let the income generated by those assets pay for the luxuries. When assets
19:49generate enough income to cover luxuries, that's when you can buy them. Lesson four, the history of taxes
19:56and the power of corporations. Many people see Robin Hood as a hero, taking from the rich and giving
20:03to the poor. Rich dad did not share that opinion. He called Robin Hood a crook. Though the popular
20:10sentiment is that the rich should pay more in taxes and give to the poor, in reality, it's the middle
20:15class that is heavily taxed, especially the educated upper income middle class. To understand how this
20:23happens, Robert gives a brief history of taxes. In England and America, originally there were no taxes,
20:29only occasional temporary levies to pay for such things as wars. In 1874, England made income tax a
20:36permanent levy on its citizens. And in 1913, America made an income tax permanent. These countries were able
20:44to get taxes accepted by the majority because they were first levied only against the rich. However,
20:51although income tax was designed to punish the rich, it wound up punishing those who had voted for it,
20:58the poor and middle class. Rich dad explained that he and poor dad were opposite. Poor dad,
21:05as a government employee, was rewarded if he spent money and hired people, making his organization
21:10larger. But for rich dad, the fewer people he hired and the less money he spent, the more he was respected
21:17by his investors. Poor dad sincerely believed the government should help people. For Robert,
21:23it was a challenge to work for one of the biggest capitalists in town and go home to a prominent
21:29government leader. It wasn't easy to know which dad to believe. But over time, as Robert studied the
21:35history of taxes, he saw an interesting perspective. As the government's appetite for money grew, taxes soon
21:43needed to be levied on the middle class. And from there, it kept trickling down. But the rich saw an
21:48opportunity because they don't play by the same set of rules. Corporations, which became popular in
21:55the days of sailing ships, offered a way around taxes. Understanding the legal corporate structure
22:01gave the rich a steep advantage and allowed them to outsmart the intellectuals. A corporation is simply a
22:08legal document that creates a legal entity. It's not really a thing, not a factory or a group of
22:15people, but it offers a lower income tax rate than individuals have. This is why most wealthy people
22:21on the planet don't pay taxes or pay very little percentage of their income as taxes. Attempts to
22:27punish the rich rarely work because the rich find ways to minimize their tax burden. Lesson number five,
22:34the rich invest money. Our mind is the most important asset. If you train it right, millions can be made
22:43from a simple idea or an agreement. If you increase your financial intelligence, you will start seeing
22:48things that others don't. In other words, you'll start inventing money. For example, in the early 1990s,
22:55the economy in Arizona, USA was terrible. When most people were scared and warned about the economic
23:02crash, Robert and his wife, Kim, made a lot of money. Robert gives an example of buying a house
23:08worth $75,000 for $20,000. They had to put two grand down as a down payment, but they didn't have
23:15it, so they asked a friend to lend them two grand for a $200 fee. The friend agreed, and while the
23:21purchase was being processed, Robert ran an ad advertising the same $75,000 house for only $60,000
23:28and required no down payment from the buyers. As soon as the house was legally his, he sold it in
23:35minutes, and the $40,000 was created almost out of nothing. Total working time? Five hours.
23:44What this simplified example illustrates is how ideas can create hundreds of thousands of dollars
23:50if you improve your financial intelligence and see what others miss. Robert says,
23:56markets go up and down, and investments come and go. The world is always handing you opportunities
24:02of a lifetime. You simply need to be able to see them. The more you develop your financial intelligence,
24:09which takes time, the more opportunities will be offered to you. There are many changes ahead in
24:14our world, and developing your financial IQ allows you to see that future of change through the lens of
24:20excitement, not dread. You'll see the opportunities and act on them, as opposed to those who allow their
24:26fear to keep them on the sideline, watching others move boldly forward. For example, land was wealth 300
24:34years ago. Later, wealth was in factories and production. Today, wealth is in information, but
24:40information flies around the world at the speed of light, and this process will be faster and more dramatic
24:46as time passes. Lesson six. Work to learn, don't work for money. Robert was interviewed a few years
24:55ago in Singapore by a journalist who, over the course of their conversation, revealed that she wanted to
25:00become a best-selling author like him, but her novels, which everyone said were excellent, never sold.
25:08Robert suggested that she take a course in sales training. That offended the reporter, who said she had
25:13a master's in English literature and didn't see how learning to sell would help her. In fact, she hated
25:19salespeople. When Robert pointed out that he was a best-selling author, not a best-writing author, she
25:27replied that she would never step so low and learn to sell, and left the interview. There are talented
25:34people all around us who struggle financially, just like that reporter. In the words of one business
25:40consultant, they are one skill away from greatness. When it comes to money, the only skill most people
25:46know is to work hard. If that reporter took some courses in sales, then got a job at an advertising
25:52agency, she would learn a lot about sales, and then she could use that knowledge to sell more novels.
25:58When Robert came out with his first book, If You Want to Be Rich and Happy, Don't Go to School,
26:03a publisher suggested he change the title to The Economics of Education. But Robert knew that such a title
26:10wouldn't sell. Even though he is pro-education, he chose a title that was controversial because he
26:16knew it would get him on more TV and radio shows. And it worked. Rich Dad encouraged Robert to learn a
26:23little about a lot. That's why Robert and his friend Mike had worked so many jobs growing up, to gain a
26:29variety of experiences. Most people work hard to get a secure job, focusing on pay and benefits in the
26:36short term. What they should do is seek work that will teach them the skills they'll need. Robert
26:42recommends a long-term view. Instead of simply working for money and security, take a second job
26:47to learn a second skill. Many will resist this because they aren't ready for change. But it's like
26:53going to the gym. You might have to talk yourself into starting, but you'll be so glad you did when the
26:58workout is over. Poor Dad wanted Robert to become specialized, even though that didn't work out well in his own
27:04life. He never understood that the more specialized you become, the more you are trapped and dependent
27:09on that specialty. Rich Dad, on the other hand, encouraged Mike and Robert to groom themselves and
27:15learn about a lot of different areas of business. According to Robert, the main skills needed for
27:20success are 1. Management of cash flow, 2. Management of systems, and 3. Management of people. And the most
27:28important specialized skills are sales and marketing. These are skills Robert works on constantly,
27:34attending courses or buying educational resources to expand his knowledge.
27:40Lesson 7. Overcoming obstacles. The four main reasons financially literate people may still not
27:47develop abundant cash flow are 1. Fear, 2. Cynicism, 3. Laziness, and 4. Bad habits. Let's look at each of
27:56them. Overcoming fear. No one likes to lose money. The only people who have never lost money investing
28:02are those who haven't done it. Everyone has the fear of losing money. The difference is how you handle
28:08fear and losing. The primary difference between a rich person and a poor person is how they manage that
28:13fear. Robert says, I have never met a rich person who hasn't lost money, but they don't let the fear of
28:20that take them out of the game. Most people play not to lose when they need to be playing to win.
28:26And that's why so many people struggle financially. They might have a safe, sensible, and balanced
28:32portfolio, but it's not a winning portfolio. They're playing not to lose. For example, a balanced
28:39portfolio isn't a bad thing, but it's not going to help you win big. It's not how successful investors
28:45play the game. You must be a little unbalanced in the beginning and put your eggs in a few baskets
28:50and focus on them. Overcoming cynicism. Whether it's our own self-doubt or the doubts of other
28:57people in our lives, often we allow that doubt to keep us from acting. We play it safe and opportunities
29:03pass us by. Robert shares the example of a friend who was about to buy an investment property for a
29:08great price but backed out at the last minute when a neighbor, who wasn't an investor, told him it was a
29:14bad deal. Had he stayed in it, he would have doubled his investment and started to get out of the rat race.
29:20Doubts and cynicism keep most people poor. Rich Dad liked to say,
29:26Cynics criticize and winners analyze. Winners keep their eyes open and see opportunities everyone else
29:33missed. For example, real estate is a powerful investment tool for anyone seeking financial
29:39independence. Yet every time Robert mentions real estate as a vehicle, he often hears,
29:44I don't want to fix toilets or I don't want to deal with problematic tenants. They focus on toilets
29:51and it keeps them poor. Overcoming laziness. What's the cure to laziness? A little greed.
30:00That can be hard to hear because so many of us were raised to see greed or desire as a bad thing.
30:05Rather than saying, I can't afford it, change your mindset to, how can I afford it? That opens the
30:13brain and forces it to think of solutions. I can't afford it is a lie. The human spirit knows it can
30:20do anything. By saying you can't do something, you're creating a conflict between your spirit and
30:26your lazy mind. How can I afford it creates a stronger mind and a dynamic spirit. Without that
30:33little greed, the desire to have something better wouldn't be possible. Our world progresses because
30:39we all desire a better life. New inventions are made because we desire something better.
30:45We go to school and study hard because we want something better. Too much greed is bad,
30:51but a little can motivate you. Overcoming bad habits. To be successful, you must develop successful
30:59habits. Poor dad always paid everyone else first and himself last, but he rarely had any left over.
31:05This was his habit. On the contrary, rich dad always paid himself first, even if he was short
31:11of money. He knew that creditors and the government would complain if he didn't pay them. This motivated
31:17rich dad to seek other forms of income to pay them. If he paid himself last, he wouldn't feel that kind
31:22of productive pressure. Forcing himself to think about how to come up with the extra income to pay the
31:27creditors made him stronger. This is it for this video. I've summarized several other books from
31:34Robert Kiyosaki. If you are interested, then check out the playlist you see on your screen.
31:38Thanks for watching.
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