"Rich Dad Poor Dad" Notes ~ Chapter 9 Want More? Here are some things to do

>> willing to think and willing to act. For those who want to get started, how do you get started?

>> ● Stop what you are doing.

Evaluate which of your practices work and which don't. Don't do things that don't work, find something that works to do.

>> ● Find new ideas.

>> ● Find some people who have done what you want to do. Ask for some tips and tricks.

>> ● Attend tutoring classes, read books, or attend seminars.

>> ● Submit multiple quotations. If I want to buy a property, I will look at multiple properties and give a general offer.

Send out a few more quotes. People who have never sold something will not understand the urgency of wanting to sell something

"Disclaimer", "subject to the consent of my business partner", my business partner is actually my kitten.

Finding a good business, a good business, the right person, the right investor, or anything like that is like dating. You have to go to the market and talk to a lot of people, make a lot of offers, make a lot of offers, bargain, negotiate, reject or accept.

>> ● Jogging, walking, or driving in an area for about 10 minutes a month.

For a transaction to be profitable, two conditions must be met: one is cheap, and the other is change.

When I jog, I pass by all the areas I want to invest in

>> ● Purchase specials. Why are consumers always poor?

When the property market or stock market rises, this group of people buy stocks in a big way. And when there is a drop in the stock market, which is what most people call a stock market downturn or correction, buyers are eager to escape from it.

Remember: profits are determined at the time of purchase, not at the time of sale. Profit is bought, not sold.

>> ● Pay attention to appropriate places.

The profits that could be made were determined when he bought the apartment, not when he sold it.

>> I first look for people who want to buy, and then I look for people who want to sell.

Buy only a small piece of pie, but always pay a higher price.

If you want to get rich, you must first consider a larger business.

>> ● Consider big business.

>> ● Learn from the experience of previous generations.

>> Those who act always defeat those who do not.

>> The most important thing is to "do" and "do".

◆ Conclusion

>> Money is an idea, and if you want more money, just change your mind.

>> Any self-made person is guided by some kind of thinking, starting from a small business and then getting bigger. The same is true of investment, which starts with just a little money and eventually grows to a large amount.

>> As long as you find the trick, everything will be very easy.

>> Three types of income

In the field of accounting, there are three different types of income:

1． Labor income.

2． Portfolio income.

3． Passive income.

>> When rich dads say, "Rich people don't work for money, they make money work for them," he's talking about passive income and portfolio income.

>> In general, passive income refers to income from real estate investment. Portfolio income, on the other hand, refers to income from paper assets such as stocks and claims

The key to getting rich >> is the ability to convert labor income into passive income or portfolio income as quickly as possible

>> Real investors make money when the market rises and falls. One of the reasons they make more money is simply because they have more self-confidence. They have more confidence because they are less afraid of failure.

>> Warren Buffett says "the risk comes from not knowing what you're doing"

>> Labor income is money you earn from your work, while passive income and portfolio income are money that works for you.