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मंगल प्रशाद नमुना माबिमा रिडर्स क्लव गठन नेपालगञ्ज / मंगल प्रशाद नमुना माध्यमिक बिद्यालयमा नेपालगञ्जमा रिडर्स क्लवको गठन भएको छ । असल शासन सुचना केन्द्रल...

“To improve your writing, read more.
To improve your thinking, write more.
To improve your storytelling, present more.

To improve your energy, rest more.
To improve your understanding, teach more.
To improve your network, give more.

To improve your happiness, appreciate more.”

Why study Rich dad poor Dad?

WISDOM FROM RICH DAD.
from the book Rich DAD Poor DAD, BY Robert Kiyosaki.

1. Don’t work for money:

Rich don’t work for money. If you work for money, your mind will start thinking like an employee. If you start thinking differently like a rich man, you will see things differently. Rich works on their asset column, every dollar in their asset column is their hard-working employee.

2. Don’t be controlled by emotions:

Some people’s lives are always controlled by the two emotions of fear and greed. Fear keeps people in this trap of working hard, earning money, working hard, earning money, and hoping that it will reduce their fear. Secondly, most of us have the greed to get rich quickly. Yes, many people become rich overnight, but they have no financial education. So educate yourself and don’t be greedy or fearful.

3. Acquire assets:

Don’t buy liabilities on your way to financial freedom. People buy liabilities and think these are assets, but they are not. Many people buy luxuries first, like big cars, heavy bikes, or big houses to live in. But the rich buy assets and their assets buy luxuries. The rich buy houses and rent them, and they pay them for their Lamborghinis. The poor or middle class buy luxuries first, and the rich buy luxuries last.

4. Remember the KISS principle:

KISS stands for keeping it simple, and stupid. Don’t be too overloaded your mind when you are going to start your way to financial freedom. Things are simple and keep them simple. The simple thing to remember is assets put money in pocket and liabilities take money out of pocket. Always buy assets so they put money into your pocket.

5. Know the difference between assets and liabilities:

Assets are anything that puts money in your pocket, like stocks, bonds, real estate, mutual funds, rental properties, etc. Liabilities are anything that pulls money out of your pocket, like your house, your car, debt, etc. People think their home is their biggest asset, but it is not. A house is an asset when it generates money like when you rent a house, it generates money, and when your life in that house becomes a liability.

6. Don’t be a financial illiterate:

A person can be highly educated and become successful in their profession, but financially illiterate. Financial education is very important for any individual. Our schools and colleges did not teach us financial education. Many financial problems arise as a result of a lack of financial education. Start learning financial education and I suggest you read the book "Rich Dad, Poor Dad".

7. Increase your Wealth:

Wealth is defined as a person's ability to survive for a certain number of days in the future, or how long they could survive if they stopped working today. Consider your wealth and whether you would survive if you stopped working today for a year.

8. Mind your own business:

If you have a job, keep your job and start a part-time business and work it. Use the time that you spend on your iPhone, parties, or any other activity, to build your business. Never leave your job until you build your own business. Don’t struggle all of your life for someone else. Start your own business and grow your business.

9. Train your mind:

Your biggest asset is your mind. Many individuals watch opportunities with their eyes, but if you train your mind, you can see opportunities with your mind. If you train your mind well, it can create enormous wealth.

10. Learn technical skills:

Your financial IQ will be raised by learning these four technical skills:

Accounting is defined as the ability to read numbers. If you want to build an empire, then this is an essential skill. By learning this skill, you will be able to understand the strength and weaknesses of a business.
Investing: It is the science of making money.
Understanding markets: It is the science of supply and demand.
The Law: A person who has knowledge of the law of tax advantages and corporations can get rich faster than others.
11. Find opportunities that everyone else missed:

"Great opportunities are not seen with your eyes. They are seen with your mind. "

You can see many more opportunities with your mind than many people miss with their eyes. It is not rocket science, you just need to train your mind.

12. Learn to manage risk:

Investment is not risky, not knowing the investment is risky. If you want to reduce the risk, then increase your knowledge. This knowledge will not come by going to college, it will come by reading books or sitting with people who know the investment.

13. Learn management:

The main management skills are:

Management of cash flow
Management of system
Management of people
Sales and marketing are the most essential skills. The ability to sell and the ability to communicate with another human being, be it a customer, employee, fiancé, friend, or child, is a basic skill of personal success.

14. Manage fear:

“Failure inspires winners. Failure defeats losers.”

Everyone has a fear of losing money.

☺️

Reasons Why Reading Books Should Be Part of Your Life:

1. Knowledge Highway: Books offer a vast reservoir of knowledge on virtually any topic imaginable. Dive deep into history, science, philosophy, or explore new hobbies and interests.

2. Enhanced Vocabulary: Regular reading exposes you to a wider range of vocabulary, improving your communication skills and comprehension.

3. Memory Boost: Studies suggest that reading can help sharpen your memory and cognitive function, keeping your mind active and engaged.

4. Stress Reduction: Curling up with a good book can be a form of mental escape, offering a temporary reprieve from daily anxieties and a chance to unwind.

5. Improved Focus and Concentration: In today's fast-paced world filled with distractions, reading strengthens your ability to focus and concentrate for extended periods.

6. Empathy and Perspective: Stepping into the shoes of fictional characters allows you to develop empathy and gain a deeper understanding of different perspectives.

7. Enhanced Creativity: Reading exposes you to new ideas and thought processes, potentially sparking your own creativity and problem-solving skills.

8. Stronger Writing Skills: Immersing yourself in well-written prose can improve your writing style, sentence structure, and overall communication clarity.

9. Improved Sleep Quality: Swap screen time for a book before bed. The calming nature of reading can help you relax and unwind, promoting better sleep quality.

10. A Portal to New Worlds: Books transport you to different times, places, and realities. Experience thrilling adventures, historical events, or fantastical journeys from the comfort of your armchair.

11. Lifelong Learning: Reading is a journey of continuous learning and self-discovery. There's always something new to learn, regardless of your age or interests.

12. Conversation Starter: Books provide a treasure trove of topics for conversation, fostering connections and enriching discussions with others.

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