Category Archives: Educational

Learning 703

What’s wealth and what the rich focus at? Here’s great answers by Robert Kiyosaki.

“Wealth is a person’s ability to survive so many number of days forward or if I stopped working today, how long could I survive.” – R. Buckminster Fuller

“The rich focus on their asset columns while everyone else focuses on their income statements.”

In 1974, Ray Kroc, the founder of McDonald’s, was asked to speak to the MBA class at the University of Texas at Austin. After a powerful and inspiring talk, Ray was asked by the students to join them at their favorite hangout to have few beers, to which Ray accepted graciously.

At that time Ray asked, ‘What business am I in?’

Everyone laughed, thinking Ray was just fooling around.

When no one answered, Ray asked again, ‘What business do you think I’m in?’

The students laughed again, when finally one brave soul yelled out, ‘Ray, who in the world doesn’t know that you’re in the hamburger business? ‘

Ray chuckled, ‘That’s what I thought you would say.’ He paused and then quickly added, ‘Ladies and Gentlemen, I’m not in the hamburger business. My business is real estate. ‘

Ray spent a good amount of time explaining his viewpoint. In his business plan, Ray knew that the primary business focus was to sell hamburger franchises, but what he never lost sight of was the location of each franchise. He knew that the land and its location were the most significant factors in the success of each franchise. Basically, the person who bought the franchise was also buying the real estate under the franchise for Ray Kroc’s organization.

Today McDonald’s is one of the largest owner of real estate in the world. McDonald’s owns some of the most valuable intersections and street corners in America and around the globe.

Most people work for everyone but themselves. Financial struggle is often directly the result of people working all their lives for someone else.

There is a big difference between your profession and your business. When asked, ‘What’s your business?’ people say, ‘I’m a banker.’ And when further asked whether they own the bank, they say ‘No, I work there.’ They are confused their profession with their business.

A problem with school is that you often become what you study. The mistake in becoming what you study is that too many people forget to mind their own business. They spend their lives minding someone else’s business and making them rich. Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities or personal effects that have no real value once you get them home. A new car loses nearly 25 % of the price you pay for it the moment you drive it off the lot.

Keep expenses low, reduce liabilities, and diligently build a base of solid assets. As per author’s view real assets fall into following categories:

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Learning 692

A lucky start in life means being taught as a child that your life is in your control.

Lucky children are happy children, and you can make your kids luckier by teaching them the principles of life from an early age.

To increase a child’s luck, you should show them the wealth of opportunities available to them, while refraining from forcing them down any particular path.

Dr. Jessica Levenstein, from the Horace Mann School, in New York, believes that children (and, by extension, adults) will be happier if they believe their lives are governed by their own actions, as opposed to by external actors. She explains that parents who refuse to allow their children to be educated by specific teachers – because, say, that teacher has a poor reputation – often stifle their children’s independence and learning.

For instance, the author once wanted to change her son’s teacher, but was encouraged by the school principal to approach the situation with a positive attitude and not get involved. Ultimately, her son and his teacher ended up getting along well and being a great fit for one another.

The author also talks about her own father’s habit of ignoring her report cards, and concerning himself instead with how she felt she had done.

By letting children see the effects of their own efforts, even if those efforts are mistakes, they’re able to learn a lot about themselves and the world.

Another thing you can teach children is that they don’t have to follow conventional paths.

In high school, Bill Gates and Paul Allen founded a tiny data-analysis business that didn’t really succeed but nonetheless went on to form the basis of Microsoft. Gates was amazed that his father, who had spoken with the headmaster, gave him the go-ahead rather than pushing him to focus on his studies. By allowing him to pursue seemingly unimportant adventures, his parents allowed the space to develop the self-belief that would later make him the successful and lucky billionaire we know today.

As you can see, it’s extremely important to build the foundations of success by showing children that they have control over their own decisions.

Luck is more in our control than we think. By following the principles outlined here – that is, combining hard work, talent and chance, and preparing and putting yourself in places where opportunity is likely to strike – you can increase your susceptibility to luck.

Actionable advice:

Steer through life with a compass, not a map.

To find the places where the opportunities to become lucky are high, you need to have a plan. But an overly rigid plan – that is, clearly defined life map – can cause you to miss those important opportunities. So trade out your map for a compass. If you know the general direction you wish to go in, you will be able to adapt if the landscape changes around you. It requires courage and self-confidence, but walking your own path will lead you to opportunities that might just change your luck.

Learning 691

People often resist happiness, but controlled breathing can help us overcome this fear.

No one said life would be easy, and sometimes it can really feel like an endless swamp of problems, but ask yourself this: Are you really prepared for a life of happiness?

Can you even imagine an entire day without having something to complain about?

Everyone has their own inner resistance to happiness, an oddly human trait that deserves some close scrutiny.

Despite spending a lot of time and energy striving for happiness, human beings aren’t especially comfortable or skilled at feeling good or being at peace.

School teaches us a lot of things, but there are no high school classes on how to deal with success and happiness.

If you were to take the time to look within and uncover why you resist happiness, the answer would likely be related to fear – a fear of achieving your full potential.

Because here’s the thing: when you become the best you can be, that means there’s no more excuse for why you aren’t making your dreams come true.

This is a fear that must be conquered if you truly want success and happiness. Taking the big leap into a life of happiness requires a great deal of confidence.

So let’s explore the ways you can learn to overcome this fear and start taking the right kinds of risks.

The first technique for breaking the fear barrier is breathing.

Back in the mid-1900s, psychiatrist Fritz Perls developed Gestalt therapy, which recognized that fear is, essentially, a sort of breathless excitement.

With some focused breathing, you can transform that fear into a positive and powerful excitement that can be used to make great things happen.

Let’s say you’re about to take the stage for a performance or to give a speech. The common reaction to a scary situation like this is for our breath to become constricted, which only makes the fear stronger.

But if you take a moment to breathe deeply, you can take control and transform the fear into the powerful energy that lets you take the stage and captivate your audience.

Learning 681

The Power of RAS
You can prime your brain to recognize opportunities that will help you reach your goals.

See if this sounds familiar: your mother calls to say she’s bought a new car – let’s say it’s a silver Toyota Yaris – which surprises you since you’ve never heard of this car before. The next day, however, you start to see this car everywhere you go, and many of them are silver, too! How is this possible?

This is the magic of your brain’s filtering system, known as the Reticular Activating System, or RAS.

The RAS is what allows us to sharpen our attention, and it can be primed to notice, or not notice, certain things.

Parents of newborns are familiar with the RAS, as it is what allows them to sleep through just about anything, like traffic noise or a blaring television, yet wake up at the slightest peep from their baby. This is due to their RAS being biologically primed to hear when a child is in need.

This is the same mechanism that will allow you to hear when your name is mentioned across the room at a loud party. Despite the music and dozens of simultaneous conversations, when this happens your ears will perk up and you’ll find yourself suddenly being able to overhear a conversation that was mere background noise just seconds earlier.

What’s more, the RAS can also help you achieve your goals. When you write those clearly defined goals on paper, you’ll prime your brain to begin its unconscious work on the project.

After you write down your goals, your RAS filter will constantly be on the lookout for messages or information that will help your quest. So, after writing down that you want enough money to open a restaurant, you’ll be primed to overhear someone at a party who says they have a history of investing in restaurants. Otherwise you never would have noticed.

Learning 642

“An educated person is one who knows how to acquire everything he needs in the attainment of his main purpose of life, without violating the rights of others.”

A man may become a walking encyclopedia of knowledge without possessing any power of value. This knowledge becomes power only to the extent that it is organized, classified and put into action. Some of the best educated men the world has known possessed much less general knowledge than some who have been known as fools, the difference between the two being that the former put what knowledge they possessed into use while the latter made no such application.

For eg. the successful lawyer is not necessarily the one who memorizes the greatest number of principles of law. on the contrary, the successful lawyer is the one who knows where to find the principle of law, plus a variety of opinions supporting that principle which fit the immediate needs of a given case. In other words, the successful lawyer is he who knows where to find the law he wants, when he needs it.

Henry Ford had but little elementary schooling, yet he is one of the best “educated” men in the world because he has acquired the ability so to combine natural and economic laws, to say nothing of the minds of men, that he has the power to get anything of a material nature he wants.

Swami Vivekanand also said, “Education is not the amount of information that is put into your brain and run riot there, undigested all your life. We must have life building, man making, character making, and assimilation of ideas. We want that education by which character is formed, strength of mind is increased, the intellect is expanded and by which one can stand on one’s own feet.”

Learning 615

Through the ages which have passed, man has depended too much upon his physical senses, and has limited his knowledge to physical things, which he could see, touch, weigh and measure. 

Perhaps we shall learn, that the “other self” is more powerful than the physical self we see when we look into the mirror.