You know, it’s up here; it’s a real estate between this ear and that ear. – Robert Kiyosaki
Robert Kiyosaki, author of Rich Dad Poor Dad, shares his insights on how to invest with no money down.
He emphasizes the importance of using Other People’s Money (OPM) and increasing one’s financial intelligence to achieve significant returns.
Table of Contents
- The power of Other People’s Money
- The importance of financial education
- Mindset matters in investments
- Learning to raise capital
- Investing in what you love
- The role of mistakes in growth
- Challenges in financing inventory
- The launch of ‘Weird Money’
- The disadvantage of using your own money
- The impact of laziness on financial growth
- The significance of financial intelligence
- The role of mindset in poverty
The power of Other People’s Money
Using Other People’s Money (OPM) can lead to substantial returns and create a significant velocity of cash.
This approach requires high financial intelligence and is often more rewarding than using your own money.
The importance of financial education
Increasing your financial education and being diligent are key to success in investing.
Understanding financial statements, which serve as a scorecard for investing, is crucial despite the lack of education on them in schools.