10 Best Ideas from “Rich Dad Poor Dad” by Robert Kiyosaki | Book Summary

10 Best Ideas from “Rich Dad Poor Dad” by Robert Kiyosaki | Book Summary

10 Best Ideas from “Rich Dad Poor Dad” by Robert Kiyosaki

Let’s talk about getting rich. What do the rich teach their kids about money? Today’s book summary and book review: Rich Dad Poor Dad by Robert Kiyosaki. This book is one of the most successful finance books out there. Robert Kiyosaki’s classic wealth income and money making off real estate book, Rich Dad Poor Dad is packed full of actionable ideas and take aways. You might also consider getting the full book or audiobook for this – it’s killer! Here are the best 10 ideas from “Rich Dad Poor Dad” by Robert T. Kiyosaki

Here are the Big 10 Ideas from “Rich Dad Poor Dad”

(2:30) 1. Models For Wealth
The book focuses mostly on the education and financial learned from his rich dad. We all have models for wealth. Money / Beliefs are LEARNED growing up – most the time not consciously. Become conscious of our beliefs / models in order to change them.

(4:20) 2. You’re Broke, Not Poor
“Being broke is temporary – being poor is eternal” -RK
Even if you don’t have money now, view yourself as broke, not poor.

Grab the book here

(5:20) 3. Finical Freedom 
“The poor and middle class work for money. The rich have money work for them.” We have two options in life:
1. Work hard, pay taxes, save what little is left over, then get taxed on the savings (sounds fun). 2. Invest in our financial IQ and use it to create assets that allow us to achieve finical freedom. The rich ALL take option 02. The rich don’t work for money.

(7:50) 4. Financial IQ
Schools teach how to work in a job. Not how to get rich. EX: You get more money – spend it all. Money is a “X” multiplier for whatever going in your head already. Athletes who get GIANT contracts (no finical IQ) now bankrupt. EX: Lap band surgery for fat person – don’t change mindset / habits = gain ALL back. Solution? NEED to increase our Finical IQ

Finical IQ composed:
ACCOUNTING:understand financial statements.
INVESTING: The science of money making money.
UNDERSTANDING MARKETS: supply and demand; technical (emotion-driven) and fundamental (economic sense) investments
LAW: Understanding taxes / avoiding lawsuits.

Grab the book here

(11:10) 5. E.B.S.I.
EBSI: Employee / Business Owner / Self Employed / Investor. Four possible paths for us (can be a mix of all.)

(12:40) 6. Assets
“Know what an asset is, acquire them and become rich.” Big Idea: For most people, their profession is their income. For rich people, their assets are their income. EX of Assets: Businesses, Stocks, Bonds, Mutual funds, Income-generating real estate, Royalties, Anything which appreciates in value over time.

(15:00) 7. Liabilities
A Liability is something which takes money out of your pocket. Keep your expenses low and reduce your liabilities. Learn to live off of 75% of your paycheck. Favorite advice: “Grow your income not your lifestyle.”

(16:10) 8. Power of Compounding
Compounding is why the rich get richer. This is why we invest in the first place. The sooner you start, the more work compounding does for you in growing your money. Look into the power of compounding. Einstein: Compounding is the 8th wonder of world

Grab the book here

(16:50) 9. Pay Yourself First
Pay yourself first.  Before you pay your bills each month. Save 10%. My personal tip: If there’s ice cream in freezer, it WILL get eaten. Separate bank account for this 10% money. Automatic withdrawal from paycheck.

(19:00) 10. Ten Action Steps to Get Started Today

1. Learn about investing before you invest.
2. Think of every dollar you spend as plus one or minus one.
3. Learn to live on 75% of your paycheck. Invest the rest.
4. Pay yourself first.
5. Choose friends careful. Who you hang around – you are the avg of the top 5 people you spend most time with.
6. Always ask “How fast do I get my money back?”
7. Use a money tracker like mint.com
8. Track your progress in your journal: http://www.mybestjournal.com
9. Read the book “Money! Master the Game” by Tony Robbins
10. Teach this! Leave a comment with your insights down below or share this post with a friend.

10 Best Ideas | The 4-Hour Work Week | Tim Ferriss | Summary

10 Best Ideas | The 4-Hour Work Week | Tim Ferriss | Summary

Today’s book summary and book review: The 4-Hour Work Week by Tim Ferriss.

The four hour work week is a game changer. Tim Ferriss wrote a killer lifestyle design book that has influenced entrepreneurs, world travelers and hackers for decades. You might also consider getting the full book for this – it’s killer!

Watch the video below:

BIG 10 IDEAS:

NOTE: These are only my skeleton outline notes. For the full content, please watch the video or listen to the podcast :)

(2:45) The New Rich

The new rich live by a “Freedom multiplier”

Factors that make up the Freedom Multiplier are: What your do / when you do it / whom you do it with / where you do it.

The amount of “W’s” you control = how free you are!

 

(4:08) D E A L

The Four Hour Work Week is structured with the acronym “D.E.A.L.”

Definition: Replace self-defeating assumptions.
Elimination: Forget time management, learn to ignore the unimportant. (provides time)
Automation: Learn to put cash flow on autopilot. (provides income)
Liberation: Create freedom of location. (provides mobility)

 

(6:09) Time Wealth

The new rich value time as their most precious commodity.

The new rich value time over money – knowing they can always make more money, but can never make more time.

For a full explanation on the concept of “Time Wealth” check out the interview with travel guru Rolf Potts here.
Sub point here: Having all the time is not the goal! Doing what excites you is.
The new rick understand that there’s only so many Pina Colada they can drink before it gets boring.

 

(7:00) Why Retirement Sucks

Top the three reasons retirement sucks:

1. It assumes you hate what you do (and need to escape permanently).
2. Cost of living keeps increasing (saving for 30+ years is a ton of money)
3. If you have the work ethic to retire early, chances are you will be bored with not working by week 3.

 

(8:30) QUOTE

“A person’s success or failure is determined by the amount of uncomfortable conversations he/she is willing to have”

Noting’s going to be easy. Going to be uncomfortable – this is how you grow.
What’s uncomfortable in life: Relationships & dating / travel / starting a business / moving / new job

Those are also the most rewarding things.

 

(9:40) Travel On The Cheap

Reason I traveled to Southeast Asia in 2015 was because I read in the 4HWW: “you can live like a king for $500 in Thailand”

There has never been a better time in the history of the world for travel.

The fact that we can get on a plane from our hometown and it drops us off half way around the world is insane.

To do that same trip just 200 years ago would of taken 6 months, and half our crew would of died.

Sub Point: Backpacking does not mean you have to quit your job (see the book for full explanation)

(11:30) Less Is NOT Laziness

Simplify
There is power with increasing your focus and decreasing your workload.

EX: In the gym. Your body creates an exercise stimulus that comes in the first 20min.

In other words, 80% benefit in that first 20 minutes.
That means (theoretically) if you only worked out (everyday) for 20 minutes, you could be in better shape than if you worked out 1.5 hrs a day twice a week.
Sub Point: Being busy is a form of being lazy (Busy because avoiding the unimportant. Lazy to procrastinate. Lazy to check you email 50 x day)

 

(13:40) Change Your Space

Good idea to have separate spaces for work / rest / sleep

Especially true if you work from home.

Ignore this advice, and winding down / decompressing after working from home will be next to impossible.

 

(14:30) 80/20 and Parkinson’s Law

Parkinson’s Law: A task will swell to time allotted.

EX: Have a term paper due Friday? Hitting “submit” at 11:59PM Thursday

EX: Wedding on July 2? Bridzilla / stress chaos on July 1.

One of the most powerful motivators is a deadline.

Most important dates in life have deadlines. We need to set them (and shorten them) if we want to get things done.

JOURNAL QUESTION: “How can I do my 5-year plan in 5-months?”

 

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10 BEST IDEAS | The 7 Habits of Highly Effective People – Stephen Covey Book Summary

10 BEST IDEAS | The 7 Habits of Highly Effective People – Stephen Covey Book Summary

Today’s book summary and book review: The 7 Habits of Highly Effective People by Stephen Covey.

The 7 Habits of Highly Effective People is one of the best books in self-development. Stephen Covery’s classic book has been influenced leaders for decades. You might also consider getting the full book or audiobook for this – it’s killer!

Watch the video below:




 

BIG 10 IDEAS:

NOTE: These are only my skeleton outline notes. For the full content, please watch the video or listen to the podcast :)

(1:20) HABIT 1: Be Proactive

Close the stimulus response gap
Focus on what do you WANT (not what you don’t want)
Remember, where focus goes energy flows.
Being proactive is placing your focus on your goal, not the problem.

(3:00) HABIT 2: Begin With The End In Mind

See the video to see if you pass the “Funeral Test”
Neil Gamen’s Ted Talk on “Make Good Art” + climb the mountain

Envision your end goal, then focus on climbing the mountain.

(6:20) HABIT 3: Put First Things First

“Things that matter most must never be at the mercy of things that matter least” -Gothe
Think about making a “Not to do list”
Each day, focus on your M.I.T (M.ost I.mportant T.ask)
When in doubt, ask yourself: “Am I being busy or being productive?”

(7:30) HABIT 4: Think Win-Win

There is 5 Potential outcomes: w/w w/l l/l l/w or W.
The best outcome: 6th WIN WIN OR NO DEAL
Negotiating salary? Selling car on craigslist? Compromises in Relationships?
Think Win / win or no deal.

(9:15) HABIT 5: Seek First to Understand, Then Be Understood

When speaking with someone, they may be too busy in their own head to listen to you!
Seek first to understand the other person’s point of view, before trying to communicate your own.

When you understand their point of view first, you can communicate with them even better!
This is also called “empathetic listing”

(11:30) HABIT 6: Synergize

The sum total is far greater than its parts
EXAMPLE: You want to pick Apples on tree. They are too high for you to grab. If you sit on shoulders of someone else, both of you get the apples.
This is where it is better to corporate than compete (most of the time).

(12:30) HABIT 7: Sharpen The Saw

Abraham Linclion said: “Give me six hours to chop down a tree and I will spend the first four sharpening the axe”

Whatever our metaphorical tree is in life, we need to make sure our axe is sharp!

Most people are too busy chopping to sharpen saw! This is the equivelent of saying we are too busy driving to stop and fill up for gas.
How do you sharpen the axe? My number one favorite way is to ask questions. These are the best 11 questions to sharpen your saw!

(14:20) THE 8th HABIT

The secret to living is giving.
Depression / anxiety / stress is a “ME” focus.
Need a “WE” focus to feel better – the 8th habit is helping others find their inner voice.

(15:20) THE 4-QUADRANTS

covey4quadrants

 

 

 

 

 

 

(16:20) BLUEPRINT
Everything is created twice

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8 Benefits You Didn’t Know About Green Tea

8 Benefits You Didn’t Know About Green Tea

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The second most popular drink in the world right under water, green tea.

What’s up guys I’m Clark welcome back to weekly Wednesday health hack where we go over things that make you happy, healthy and inspired. Let’s talk about green tea, now let’s not that just write it off and say okay we have heard it before. Let us really get into some of the benefits and research.

I posted the studies down below, the links to them if you want to check it out yourself. So I’m going to go over eight of them. Eight cool benefits of green tea and then I am going to show you how you make it and incorporate into your everyday to get those benefits.

Let’s get going;

1. FAT BURNER

EGCG this is a compound in green tea that has been linked to lots of the fat burning properties and I want to talk about two studies specifically. The first study I think it falls in 10 Japanese men and it showed a 4% increase in overall metabolism and another study showed that the fat oxidation rate was increased by 17% meaning that not only is your metabolism is boasted by green tea but the actual rate of fat oxidation is increased as well; so you are able to specifically target your fat instead of just general calories focus, pretty cool.

2. FOCUS & CLARITY

Focus and mental clarity is another benefit of green tea. Now this is a personal one for me because about two weeks ago I switched from coffee. I have been a lifelong coffee drinker, I mean I grew up in Seattle so we are practically doing gummers with the stuff and I started drinking coffee when I was 10 and I’ve been drinking it ever seen and I’ve been on and off of coffee about 50 times in my life and the times I’m off of it I am on tea and I noticed that there is just such a mental clarity you get and your focus and concentration is so much better. Now personally I’m not sure if that’s the tea’s benefit or the benefit of not having coffee but I definitely noticed it in the past two weeks since I’ve been drinking green tea. My mental clarity has gone up and now I was researching this and that is because green tea has an amino acid, L-theanine I believe it’s pronounced that actually has a synergistic effect with caffeine and can cross a blood brain barrier without getting too complex basically you are able to tap in and focus a lot better than some of the other stuff because of that amino acid.

3. ANTI-ANXIETY

Some studies have shown that it has anti-anxiety effects which is really cool because with coffee you know you can get the jitters and you can get stressed out and I remember my shirts would start pitting and all this gross stuff but I don’t get that with tea.

4. LONGEVITY

The next benefit of green tea is that you will die less in one study of 14,000 adults those who drink the most green tea were 64% less likely to die over the 6 years study.

5. SKIN HEALTH

Green tea has been linked to skin health. Catechins an antioxidant that is I believe it is 200 times more powerful than vitamin E; so get your radiant skin by just drinking green tea.

6. ORAL HEALTH

Multiple studies have come out showing that green tea can prevent tooth decay and increase your overall oral hygiene.

7. ANTI CANCER

Cancer, let us talk about this one, one study found that men who drink green tea had a 48% chance less likely to develop prostate cancer and woman who drink green tea had a 22% less likely chance of developing breast cancer.

BEST WAYS TO USE GREEN TEA:

Let me show you how to actually make this stuff. Alright so let me go over three ways; the first is to brew it yourself with loose leaf now this is probably the most popular method don’t over think it. One or 2 tablespoons of green tea, I’m using a, I kind of gotten on an Asian market, I got three at of them I like to rotate through and this gives you a really strong earthy tasting tea and let it steep for about 3 to 5 minutes. The longer you let it steep the more bitter it gets and potentially the more caffeine. If you want to mix this up go ahead and add mint; you can do a diffuser, ginger or turmeric and lemon actually helps the catechins absorb, so that’s another tip as well.

The second way is the easiest way and that is to buy from the store in a tea bag. You can get these in 100, 200 packs from an Asian market for dirt cheap. Although I’m going to the trusted Trader Joe’s. They never wrong you, although Joe is one trader. I like to do two bags because I am a maniac and I get double the benefits and the third ways is just to take it in a supplement form, an extract you can be careful with this it does have caffeine and you want to do that before any of these before if you are sensitive to caffeine; recommendation for this range from 2 cups a day, 5 cups a day all the way to 10 cups a day.

One Cup of caffeine is about 35 mg which isn’t bad compared to its rival coffee which has 135 mg.

Two tips: the first is do not add milk to this the casein protein is going to inhibit the effect of the anti-oxidant, okay so don’t ever do that. The second tip is to get a good high-quality brand. Some of the lower quality brands have bad handling practices. I have even heard of them having fluoride in them and other not so fun things you just don’t want in a tea.

Okay guys that is your weekly Wednesday health hack, thanks for tuning in!

If you want I put out a free e-book it is called the 11 questions to change your life. It is the best 11 questions that have made an impact, change and influence on my life and we have been getting great feedback on it. The link is in the description below head on over there and get it yourself all it takes is an e-mail.

It is all that I got guys until next time, happy tea drinking.

Stop settling, start living I will see you later.

-Clark

PRODUCTS I USE:

Great Green Tea Loose Leaf: http://amzn.to/1Kc8Gha
Great Green Tea Bags: http://amzn.to/1T83yfy

SOURCES

4% FAT: http://www.ncbi.nlm.nih.gov/pubmed/10584049

FAT OXIDATION: http://www.ncbi.nlm.nih.gov/pubmed/18326618

PROSTATE CANCER: http://aje.oxfordjournals.org/content/167/1/71.abstract

BREAST CANCER: http://www.ncbi.nlm.nih.gov/pubmed/16311246

BAD BREATH: http://www.ncbi.nlm.nih.gov/pubmed/18388413

DIEABETIES: http://www.ncbi.nlm.nih.gov/pubmed/16618952

BELLY FAT: http://onlinelibrary.wiley.com/doi/10.1038/oby.2007.176/full

DIE LESS: http://www.sciencedirect.com/science/article/pii/S1047279709001653

WEB MD: http://www.webmd.com/food-recipes/health-benefits-of-green-tea

How to Meditate – The Ultimate Meditation Guide for Beginners

How to Meditate – The Ultimate Meditation Guide for Beginners

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Show summary:

How To Meditate – The Ultimate Meditation Guide for Beginners. These are effective meditation techniques, plus a guided 5 min how to meditation video. This is a video on how to meditate for beginners (even if you’ve never meditated before)

1. WHY meditate?

2. WHAT is meditation?

3. HOW do you meditate?

1. WHY MEDITATE?

TIME: (0:30) Slow down and see things. Lessons from a Buddhist monk: 3 kinds of wisdom (learn from others, practice, thought out). We often lack the thought out wisdom. Meditation develops the third kind. (TIP: Journaling does this as well!).

2. WHAT IS MEDITATION?

TIME: (3:04)  Meditation is a time to fill  yourself up. Meditation is a time to focus on your breathing. Meditation is a time to focus your mind (not silence it). IMAGE: Training your mind is like training a dog. Think of a newborn puppy – walking the puppy is near impossible at the start. What should be a 10 min walk around the block turns into a 45min “stop and sniff everything” session. To train the puppy, we have to constantly redirect it back on track. Overtime, the dog learns how to stay focused. If we are consistent enough training our dog, eventually it can walk itself off leash.

3. HOW TO MEDITATE?

TIME: (0:30) TOOLS: My top 3 meditation anchors (Focus Breathing, Mnantra, Color Breathing). Use these to make the most out of your meditations.

BONUS: (13:45) GUIDED 5 min Meditation Practice

BONUS: (19:45) Exclusive behind the scenes footage from my stay at the monastery in Thailand


– V I D E O S    M E N T I O N E D –

SOUTHEAST ASIA VIDEO

THE ULTIMATE GUIDE TO KEEPING A JOURNAL

A LOOK INSIDE MY 2015 JOURNAL

GRAB THE JOURNAL I USE HERE

Stop settling, start living.