Robert Kiyosaki’s 6 Steps to Financial Freedom

Alex Hamm January 8, 2015 7
Robert Kiyosaki’s 6 Steps to Financial Freedom

These days it seems like everyone is searching for the “get rich quick” pill. Everyone wants the quick fix that will wipe out all of their money problems and make them secure and free financially.

But these get rich schemes are just that….schemes. They don’t work. The best way to attain financial freedom for yourself and your family is to invest in your financial education, learn the principles of becoming financially free, and executing day in and day out…

freedom

Via GoodMoneying.com

 

Below are personal finance guru Robert Kiyosaki’s 6 steps to becoming financially free, and RICH:

1. Mind your own business

Too many people put their blood, sweat, and tears towards a job that pays them a flat salary every single week.  While this is a stable way to pay your bills and produce an income, doing only this will not lead to financial freedom.

In order to achieve financial freedom, Kiyosaki says, you must mind your business and start taking initiative towards your own finances. Whether it’s starting a part time business, joining a networking marketing company, investing in stocks, or saving your money to invest in real estate, you must do more than just work for a steady paycheck in order to secure a strong financial future.

2. Control your cashflow 

Too many people have money problems because they lack cashflow. “You should invest for cashflow”, Kiyosaki says, “not for capital gains”. Meaning if you are looking to invest in something, like real estate or a business, it is only a solid investment if the investment puts you ahead of the game by putting cash in your pocket on regular basis rather than consistently costing you money.

Learn to control your spending and your cashflow so that you are consistently taking in more cash than is being spent.

3. Know the difference between risk and risky

There is a big difference between being risky and taking risks. Being risky is bad. Taking smart risks on the other hand, is not only good, but becoming necessary to secure a strong financial future.

If you are a smart investor who does his homework and studies before putting any capital behind an investment, you are not being risky. You are taking an educated risk that has great odds of paying large dividends.

Take smart risks with your money to grow your assets and income, but don’t be risky.

4. Seek mentors

One of the best things you can do in this world to attain any kind of success is to find a guide who has been or is currently in a position you wish to be. Mentors can not only provide guidance when you are in specific situations but they can also provide you with emotional support by demonstrating that the challenges you are facing have been overcome before and can very well be overcome again.

Finding the right mentors is not easy, and it is good to be patient. Think about the people who are already in your life that have achieved what you want to accomplish. And think about the people whom you may be able to enlist as a friendly mentor. And don’t be afraid to ask!

5. Make disappointment your strength

One of the biggest reasons people stay in financial trouble their entire life is due to their lack of ability to handle failure and disappointment. Many people will not start something out of their fear that they will not succeed, and that they will be sorely disappointed.

This is not a good feeling. But we all must go through it on our journey to success and specifically our journey to financial success. So instead of letting the thought of disappointment deter you, you should allow it to help you learn from mistakes and inspire you. 

6. Have faith

The most important thing of all is to have faith. Have faith in yourself and have faith in your ability to succeed. If you do not truly believe that you can attain financial success in your life, you never will.

BELIEVE! Because you can do it, I know you can, and YOU know you can…

7 Comments »

  1. avatar
    Cassidy Rauch January 12, 2015 at 6:11 am - Reply

    Great tips. I’ve enjoyed following Robert Kiyosaki’s writings for quite a few years now.

  2. avatar
    Garrett January 12, 2015 at 11:52 pm - Reply

    Wonderful tips!

    That said, might it be a good idea to change the link to say ‘6 steps to financial freedom’ instead of ‘7 steps to financial freedom’, since there are only 6 steps? 🙂

    Or is there a hidden 7th step?

  3. avatar
    Faiq Miftahul Amali January 15, 2015 at 5:17 pm - Reply

    Good tips… from The Master of financial freedom. I have read his books..
    Incredible… inspiring a lot of people in the world.

  4. avatar
    Natasha January 19, 2015 at 7:20 pm - Reply

    Good article, succinct

  5. avatar
    elizabeth February 22, 2015 at 11:14 am - Reply

    Wow.. Nothing awakes hope and faith like a person who has overcome what you are or will be going through.. Thank you Robert for ur selflessnes to share with us so as our path becomes smoother! I’ll forever salute you and may God bless you sir.

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