Retire Young Retire Rich by Robert T. Kiyosaki | Book Notes, Summary, and Review
These are some of my notes, summary, and review on “Retire Young Retire Rich by Robert T. Kiyosaki“:
Retire Young Retire Rich by Robert T. Kiyosaki | My Book Notes
Today, I want to share a cool lesson with you…
It’s the idea of “doing more and more with less and less.
A.K.A. = “Leverage”.
It sounds great, but how does it actually work?
Well, I think some of the best information I’ve come across on the topic came from this book:
Retire Young Retire Rich by Robert T. Kiyosaki
And in this book, Robert summarizes leverage as one simple concept:
“Doing More and More With Less and Less”
That’s it.
I haven’t heard it summarized better than that yet.
He goes on to explain some other aspects of leverage:
Here are some of the great quotes about leverage from the book:
“The most important words in the world of money are cash flow. The second most important word is leverage.”
—- As long as you are willing to think in terms of doing more and more with less and less, the more and more you will earn with less and less work.
—- The people who will win financially are those willing to do more and more with less and less, not those who want to be paid more and more for doing less and less.
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There are infinite forms of leverage once you understand the principles of leverage and begin to look for it.
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The most powerful form of leverage we have is found in the power of our minds.
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For more notes and quotes from the book, check out my book notes here
That’s all well and good, but how can you actually apply that in your marketing skills, entrepreneurship, or just your ideal life?
Well, as Robert wisely said above,
There are infinite forms of leverage once you understand the principles of leverage and begin to look for it.
Just install a new mental note to always be asking yourself this question:
“How can I do more and more with less and less?”
Here are some good places to start looking into to find more leverage:
✅ Learn About & Build Systems (Read the Book “Work The System” by Sam Carpenter) ✅ Use More Powerful Tools (Tools can massively improve your leverage) ✅ Learn Productivity Skills (Check Out Ali Abdaal on Youtube) ✅ Learn To Code (Look At The Many Intro to Coding Classes On Skillshare) ✅ Build Skills (“The most powerful form of leverage we have is found in the power of our minds.” – learn anything, about anything! Get smarter. ) ✅ Use Media As Leverage (Build an Email List, Youtube Channel, Tik Tok, or a Blog)
There are many other ways out there, but these are some of the best I’ve found that have helped me do more and more with less and less.
If you want help figuring out where you might be able to find more leverage in your life, send me a message back and let’s chat.
This lesson has changed my life tremendously, I hope It does for you too.
Peace,
“The Nomad” Brad
Quotes From Retire Young Retire Rich by Robert T. Kiyosaki
Some amazing quotes from the book on the concept of leverage and how it relates to personal finances:
“The most important words in the world of money are cash flow. The second most important word is leverage.”
Rich dad went on to explain that the Beatles made more money than the president of the United States, medical doctors, lawyers, accountants, and even himself because of the financial principle of leverage. Rich dad said, “The Beatles use television, radio, and records as leverage. That is why they are rich.”
If you want to retire early and retire rich, it is very important to understand the principle of leverage.
Leverage simply means the ability to do more with less.
“If you want to become rich, you need to work less, and earn more. In order to do that, you employ some form of leverage.”
“People who only work hard have limited leverage. If you’re working hard physically and not getting ahead financially, then you are probably someone else’s leverage.”
“If you have money sitting in the bank in your savings account or retirement account, then your money is someone else’s leverage.”
“Leverage is everywhere. Humans have gained more of an advantage over animals simply because humans naturally seek more and more leverage.”
just as humans gained advantages over animals by creating leveraged tools, similarly, humans who use these tools of leverage have more power over humans that do not. Saying it more simply, “Leverage is power.”
“Poor people use fewer leveraged tools than rich people. If you want to be rich and keep up with the rich, you need to understand the power of leverage.”
The humans who can adapt to use these tools of leverage are the humans who are getting ahead. The people who are not learning to use more and more tools of leverage are falling behind financially or working harder and harder just to keep up.
There are infinite forms of leverage once you understand the principles of leverage and begin to look for it.
The people who will win financially are those willing to do more and more with less and less, not those who want to be paid more and more for doing less and less.
I emphasize the idea of more and more leverage because, regardless of what you earn today, a million dollars a year without working is entirely possible, if you are willing to keep thinking about doing more and more with less and less.
The irony is, the people who are unwilling to think in terms of doing more and more with less and less are the people who often wind up working more and more for less and less.
as long as you are willing to think in terms of doing more and more with less and less, the more and more you will earn with less and less work.
Are you looking for a way to retire young and retire rich? If so, then you may want to consider reading the book, “Retire Young Retire Rich” by Robert T. Kiyosaki. In this book, Kiyosaki shares his own personal story of how he was able to retire young and retire rich. He also provides readers with valuable tips and strategies on how they can achieve financial freedom.
Kiyosaki begins by sharing his own definition of what it means to be rich. He then goes on to discuss the difference between an asset and a liability. He also talks about the importance of building passive income streams. Kiyosaki talks about the benefits of investing in real estate and how it can provide you with a steady stream of income. He also provides readers with information on how to start their own businesses.
Kiyosaki provides readers with a step-by-step plan on how they can achieve financial freedom. He also includes a section on how to manage your money once you have achieved financial freedom. Overall, this book is a great resource for anyone who wants to retire young and retire rich.
