New video by Evan Carmichael on YouTube
If I Only Had $10,000, Here's What I'd Do Instead - Robert Kiyosaki
🚀Grow your YouTube channel with BrandLytics at: https://brandlytics.ai ✎ Get free access to our vault of PDF summaries for every YouTube video here: https://ift.tt/oAemx8s ✎ Check out my NEWEST video: https://goo.gl/E0eE6m ✎ Building a multi-million dollar net worth from scratch comes down to one fundamental principle: skills are what make you rich, not money. When Robert Kiyosaki left the Marine Corps in 1974, he turned down a high-paying job as a commercial airline pilot to take a lower-paying sales role at Xerox. His rich dad taught him to work to learn, not to earn, and Xerox offered one of the best sales training programs in the country. That same year, he spent $385 on a three-day real estate course in Honolulu, which led him to his very first deal—an $18,000 foreclosed condominium on Maui. By putting $1,800 down on a credit card, Kiyosaki used 100% debt to acquire a cash-flowing asset that paid him $25 a month after all expenses. He practiced sales daily, became the top salesperson at Xerox, and funneled his commissions directly into buying more cash-flowing property until his passive real estate income completely eclipsed his job salary. ✎ If you have $10,000 to invest, you can duplicate this proven framework by following a specific sequence of strategic moves. First, buy education before buying the asset by dedicating a portion of your capital to high-value skills like sales, pricing, or deal evaluation. Second, get paid to learn by taking on sales roles or commission-based opportunities that force you to master the art of asking for money and handling objections. Third, build the smallest viable version of your business idea such as securing one client or acquiring a single cash-flowing property so that your revenue covers future expenses rather than your personal savings. Fourth, apply the strict asset test to every purchase by asking whether an item puts money in your pocket or takes it out, avoiding useless liabilities and doodads like expensive logos or fancy websites. Fifth, keep your primary job while building your side venture so that your steady paycheck protects you from desperation and funds your growing portfolio. Finally, open a separate account to reinvest all profits directly into acquiring your next cash-flowing asset, allowing compound growth to build your financial machine over time. ✎ True long-term wealth is built by creating scalable systems rather than trading hours for a fixed salary. When Fred DeLuca was just 17 years old with a $1,000 loan, he opened a single sandwich shop in Bridgeport, Connecticut, to pay for college. Instead of merely operating a restaurant, DeLuca focused on mastering and documenting every step of the operation until it became a seamless, repeatable process. By systemizing the business and enabling franchisees to replicate his model, he scaled Subway into a global enterprise with over 40,000 locations without having to stand behind every counter. To transition from an employee mindset to a true owner, you must master one single high-value skill before attempting multiple income streams. Once you optimize your primary offer, document every procedure into a clear playbook, delegate basic tasks, and utilize leverage through software, team members, and strategic partnerships. ✎ To get more details on all the research and studies mentioned in this video check out the articles below: https://www.forbes.com/ https://ift.tt/hCeYKzr https://www.sba.gov/ https://hbr.org/ ★ BOOKS ★ • Momentum: https://amzn.to/3kJZIAv • Build to Serve: https://amzn.to/3XZiCSg • Your One Word: https://amzn.to/3R9qVII • The Top 10 Rules for Success: https://amzn.to/3JcNZVe • 254 Confidence: https://amzn.to/3jdh9c2 ★ RECOMMENDED VIDEOS FOR YOU ★ If you liked this video, you'll love these ones: • 7 Boring Businesses You Can Run From Your Laptop - https://youtu.be/mZT2EFf-56U • The Rich Focus on Buying Back Time. Here's How To Do It. - https://youtu.be/RqA8pN7Xnyk • Rejected 4 Times Before Becoming The "King Of K-Pop" - https://youtu.be/rWoF_k9M1N4 ⚑ SUBSCRIBE TO MY CHANNEL ⚑ If you want to do great things you need to have a great environment. Create one by subbing and watching daily. http://www.youtube.com/subscription_center?add_user=Modelingthemasters ツ CONNECT WITH ME ツ Leave a comment on this video and it'll get a response. Or you can connect with me on different social platforms too: • Skool: https://ift.tt/po7LORl • Instagram: https://ift.tt/3u5hLcX • TikTok: https://ift.tt/AR8k2FZ • X.com: https://ift.tt/EMszwkF • Linkedin: https://ift.tt/gc4X5T7 • Facebook: https://ift.tt/GivWNxH • Website: https://ift.tt/swnmicS ----------------------------------------------------------------------------- Thank you for watching - I really appreciate it :) Much love, Evan #Believe
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🚀Grow your YouTube channel with BrandLytics at: https://brandlytics.ai ✎ Get free access to our vault of PDF summaries for every YouTube video here: https://ift.tt/oAemx8s ✎ Check out my NEWEST video: https://goo.gl/E0eE6m ✎ Building a multi-million dollar net worth from scratch comes down to one fundamental principle: skills are what make you rich, not money. When Robert Kiyosaki left the Marine Corps in 1974, he turned down a high-paying job as a commercial airline pilot to take a lower-paying sales role at Xerox. His rich dad taught him to work to learn, not to earn, and Xerox offered one of the best sales training programs in the country. That same year, he spent $385 on a three-day real estate course in Honolulu, which led him to his very first deal—an $18,000 foreclosed condominium on Maui. By putting $1,800 down on a credit card, Kiyosaki used 100% debt to acquire a cash-flowing asset that paid him $25 a month after all expenses. He practiced sales daily, became the top salesperson at Xerox, and funneled his commissions directly into buying more cash-flowing property until his passive real estate income completely eclipsed his job salary. ✎ If you have $10,000 to invest, you can duplicate this proven framework by following a specific sequence of strategic moves. First, buy education before buying the asset by dedicating a portion of your capital to high-value skills like sales, pricing, or deal evaluation. Second, get paid to learn by taking on sales roles or commission-based opportunities that force you to master the art of asking for money and handling objections. Third, build the smallest viable version of your business idea such as securing one client or acquiring a single cash-flowing property so that your revenue covers future expenses rather than your personal savings. Fourth, apply the strict asset test to every purchase by asking whether an item puts money in your pocket or takes it out, avoiding useless liabilities and doodads like expensive logos or fancy websites. Fifth, keep your primary job while building your side venture so that your steady paycheck protects you from desperation and funds your growing portfolio. Finally, open a separate account to reinvest all profits directly into acquiring your next cash-flowing asset, allowing compound growth to build your financial machine over time. ✎ True long-term wealth is built by creating scalable systems rather than trading hours for a fixed salary. When Fred DeLuca was just 17 years old with a $1,000 loan, he opened a single sandwich shop in Bridgeport, Connecticut, to pay for college. Instead of merely operating a restaurant, DeLuca focused on mastering and documenting every step of the operation until it became a seamless, repeatable process. By systemizing the business and enabling franchisees to replicate his model, he scaled Subway into a global enterprise with over 40,000 locations without having to stand behind every counter. To transition from an employee mindset to a true owner, you must master one single high-value skill before attempting multiple income streams. Once you optimize your primary offer, document every procedure into a clear playbook, delegate basic tasks, and utilize leverage through software, team members, and strategic partnerships. ✎ To get more details on all the research and studies mentioned in this video check out the articles below: https://www.forbes.com/ https://ift.tt/hCeYKzr https://www.sba.gov/ https://hbr.org/ ★ BOOKS ★ • Momentum: https://amzn.to/3kJZIAv • Build to Serve: https://amzn.to/3XZiCSg • Your One Word: https://amzn.to/3R9qVII • The Top 10 Rules for Success: https://amzn.to/3JcNZVe • 254 Confidence: https://amzn.to/3jdh9c2 ★ RECOMMENDED VIDEOS FOR YOU ★ If you liked this video, you'll love these ones: • 7 Boring Businesses You Can Run From Your Laptop - https://youtu.be/mZT2EFf-56U • The Rich Focus on Buying Back Time. Here's How To Do It. - https://youtu.be/RqA8pN7Xnyk • Rejected 4 Times Before Becoming The "King Of K-Pop" - https://youtu.be/rWoF_k9M1N4 ⚑ SUBSCRIBE TO MY CHANNEL ⚑ If you want to do great things you need to have a great environment. Create one by subbing and watching daily. http://www.youtube.com/subscription_center?add_user=Modelingthemasters ツ CONNECT WITH ME ツ Leave a comment on this video and it'll get a response. Or you can connect with me on different social platforms too: • Skool: https://ift.tt/po7LORl • Instagram: https://ift.tt/3u5hLcX • TikTok: https://ift.tt/AR8k2FZ • X.com: https://ift.tt/EMszwkF • Linkedin: https://ift.tt/gc4X5T7 • Facebook: https://ift.tt/GivWNxH • Website: https://ift.tt/swnmicS ----------------------------------------------------------------------------- Thank you for watching - I really appreciate it :) Much love, Evan #Believe
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