Nico9)"Elevate Your Life The Best of Kiyosaki's Self-Development Speeches Revealed"

  Welcome to My YouTube channel

In this Video, We Will Talk About "Elevate Your Life The Best of Kiyosaki's Self-Development Speeches Revealed"

Whenever the author gives a talk about personal finance, someone in the audience is bound to ask him, “Why does money matter anyway? Isn’t happiness more important?” In response, he smiles calmly and demonstrates why this attitude is so harmful. 

He’ll begin with some alarming evidence. A survey for USA Today found that the number one fear for Americans is running out of money in old age. More than crime, nuclear war, or anything else, their greatest worry is living a long life with no money. 

After letting this sink in, the author tells his audience that one in three Americans over the age of 65 has no retirement plan at all. In other words, their greatest fear will likely come true. 

The key message here is: To avoid spending your old age in poverty, you need to act now.

Many people want to put off their money worries until they’re older. But we only have a limited time to get our finances in order.

Without a decent pension, many of us will have to keep working long into old age. And with so many living expenses to consider – things like college debt, mortgage payments, car payments, taxes, and care for our elderly parents – retiring might not be an option at all. Sure, working into old age might be good for your physical and mental health, but working forever because you have to is a very different matter.

The painful truth is that our money-earning lives are divided up into four quarters, just like a game of American football. The first quarter stretches roughly from the age of 25 to 35, the second from 35 to 45, the third from 45 to 55, and the last from 55 to the time we’re expected to retire. If we can’t afford to retire at that point, we go into overtime. Then, when we’re too old to work but have no money left, we’re out of time. Game over. 

Nobody wants to reach those final two stages without having their finances in order. So, at some point in those four quarters, we should work toward financial independence. But what exactly should we do?

The standard advice is: to save, invest in mutual funds, and hold these for the long term. However, the author argues, this isn’t the way to reach financial independence – it’s too slow and far too unreliable. In the following blinks, we’ll explore what you can do instead.

Robert Kiyosaki’s Impact on the Personal Finance Industry

Robert Kiyosaki has had a far-reaching impact on the personal finance industry and is recognized as a leading expert in financial education. He is routinely called on to share his insights on topics like investing and the global economy for major media outlets.

His books are frequently used as a reference guide of sorts when discussing finance and, as mentioned, Rich Dad Poor Dad remains a best-selling title. Notably, Kiyosaki was part of a wave of personal finance experts, Suze Orman and David Bach among them, who began cropping up in the industry in the mid-to-late 1990s.

Criticism and Legal Troubles

Kiyosaki has been the target of criticism, particularly among financial experts who say his advice is unrealistic and outdated—which, given the passage of time, is not an illogical argument to make. While some investing advice can stand the test of time, it’s easy to argue that techniques and strategies that may have worked in the 1990s aren’t as effective today.

Aside from that, Kiyosaki has been sharply criticized for using his books as a gateway to encourage people to spend money on his much pricier webinars and coaching. He also received backlash after it came to light that he had filed for Chapter 7 bankruptcy in 2012. The filing came after a judge ordered Kiyosaki’s company to pay nearly $24 million to settle a royalties dispute.

Is the Advice in ‘Rich Dad Poor Dad’ Still Relevant?

The advice offered in Rich Dad Poor Dad is still relevant in the sense that it’s practical, actionable, and covers some of the foundational principles that are necessary to build wealth. Despite being published more than 25 years ago, it remains a bestseller, which may be a testament to the timelessness of the advice that Kiyosaki offers.

What Does Robert Kiyosaki Do for a Living?

Robert Kiyosaki is an entrepreneur, financial educator, radio show host, investor, and author. He and his wife, Kim, earn money from their books, courses, coaching, and speaking appearances, as well as through their investment portfolio.

What Are the Six Lessons in ‘Rich Dad Poor Dad’?

The six lessons in Rich Dad Poor Dad are as follows:

Lesson 1: The rich don’t work for money

Lesson 2: Why teach financial literacy?

Lesson 3: Mind your own business

Lesson 4: The history of taxes and the power of corporations

Lesson 5: The rich invent money

Lesson 6: Work to learn—don’t work for money

In his book, Kiyosaki expands on each of these lessons to provide readers with the tools and knowledge necessary to build wealth the way rich people do, regardless of where they might be starting from.

The Bottom Line

Robert Kiyosaki is one of the most well-known influencers in the financial advice industry. He has built a lengthy and successful career around educating millions of everyday people about the keys to building wealth and living like a “rich” dad. He has received his fair share of criticism, but he remains a go-to source for advice on business and investing in the worldwide media.

Buy, Trade, and Hold 350+ Cryptocurrencies

Join 120 million registered users exchanging the world's most popular cryptocurrencies. Purchase and trade Bitcoin, Ethereum, or BNB, Binance's native coin. Whether you're a beginner trader, crypto enthusiast, or professional, you'll benefit from access to the global crypto markets while enjoying some of the lowest fees in the business. Plus, tools and guides that make it easy to safely and securely sell, buy, and convert NFTs on the Binance app.

Can you motivate yourself to get jobs done? Do you sense the emotions of others and respond effectively?

If you answered yes to these questions, it is likely that you have developed some or all of the skills that form the basis of emotional intelligence.

Emotional intelligence (EI) forms the juncture at which cognition and emotion meet, it facilitates our capacity for resilience, motivation, empathy, reasoning, stress management, communication, and our ability to read and navigate a plethora of social situations and conflicts. EI matters and if cultivated affords one the opportunity to realize a more fulfilled and happy life.

Before you read on, we thought you might like to download our three Emotional Intelligence Exercises for free. These science-based exercises will not only enhance your ability to understand and work with your emotions but will also give you the tools to foster the emotional intelligence of your clients, students, or employees.

What is the Importance of Emotional Intelligence?

The term ‘Emotional Intelligence’, first coined by psychologists Mayer and Salovey (1990), refers to one’s capacity to perceive, process, and regulate emotional information accurately and effectively, both within oneself and in others and to use this information to guide one’s thinking and actions and to influence those of others.

Emotional intelligence can lead us on the path to a fulfilled and happy life by providing a framework through which to apply standards of intelligence to emotional responses and understand that these responses may be logically consistent or inconsistent with particular beliefs about emotion.

As the workplace evolves, so too does the body of research supporting that individuals (from interns to managers) with higher EI are better equipped to work cohesively within teams, deal with change more effectively, and manage stress – thus enabling them to more efficiently pursue business objectives.

What Do You Think of Our Video?

Let Me Know in the Comment Section Below

Before You Go Please Hit the Like Button and Subscribe to My Channel.

Thanks for Watching.