Many people read books, browse websites, or attend seminars looking for the perfect formula to achieve financial freedom. But knowing isn’t enough - most people never take action.
In this chapter, Robert Kiyosaki shares a practical “to-do” guide based on how he personally got started. It’s for those ready to think and act.
Kiyosaki emphasizes that understanding the philosophy behind investing is just as important as taking action. Some people act without thinking, while others think but never act. He considers himself both - a thinker and a doer.
Here’s a summary of his actionable steps:
1. Stop what isn’t working.
Kiyosaki advises taking a break to assess your current actions. Doing the same thing over and over and expecting different results is useless. Identify what isn’t working, stop it, and look for something new.
2. Seek out new ideas.
He often visits bookstores to find unique investment ideas, even buying books on subjects he knows nothing about. For example, he read The 16 Percent Solution by Joel Moskowitz and immediately acted on it the next Thursday. He ignores naysayers, like neighbors who try to convince him it won’t work, because they lack real experience.
3. Learn from those who have done it.
Kiyosaki suggests finding someone experienced in what you want to do and learning from them directly. For his 16 percent tax-lien investments, he went to the county tax office, found a knowledgeable government employee, invited her to lunch, and learned everything she knew. By the next day, he had acquired two properties earning 16 percent interest.
4. Take classes, read, and attend seminars.
He actively searches for free or paid courses, both online and offline, and invests in seminars to expand his knowledge. Kiyosaki attributes his financial freedom to these educational experiences. He contrasts this with friends who refused to learn and remained stuck in their jobs.
5. Make lots of offers and take action.
When pursuing real estate, he evaluates multiple properties and makes offers, leaving the specifics to real estate agents. He emphasizes taking action quickly and efficiently, rather than overthinking every detail.
Overall, Kiyosaki’s approach blends thinking and doing: he constantly learns, seeks advice from experts, tests new ideas, and acts decisively. He highlights that success comes from both understanding the philosophy and taking concrete action, often in small but consistent steps.
And there’s more - Kiyosaki also shares a story about a friend that will teach even more practical lessons. Stay tuned to discover it.
