Achieve Financial Freedom: 5 Wealth Principles to Discover and Start Your Business Today

1. Embrace the 70% Rule: Don’t Let Perfectionism Hold You Back Start Taking Action Billionaires like Jeff Bezos and Elon Musk take risks and don’t wait for everything to be perfect. Wealthy people apply the 70% Rule: act when you feel 70% ready. Waiting for full readiness can cause you to miss out on chances. How It Works:

• Learn the basics of a skill (like investing or starting a business).

• When you know 70%, take action.

• The last 30% will come from real experience. Example: If you want to invest in stocks, don’t wait years to study. Open a demo account, make small trades, and learn from doing. Mistakes will teach you more than books can. Why Wealthy Individuals Use This Rule: Perfectionism slows you down. The rich know that taking action is better than planning everything. Start now and adapt as you go.

2. Use Other People’s Time: Work Smarter, Not Harder Why Doing Everything Yourself Limits You Many people try to do it all alone, but wealth comes from using systems and others’ help rather than trading time for money. How to Delegate Well:

• Outsource Low-Value Tasks: Use freelancers or automation for repetitive work (like social media or admin tasks).

• Focus on High-Value Activities: Spend your time on income-generating tasks (like sales or strategy). Example: A bakery owner doesn’t bake every cake; they hire bakers and focus on growing the business. Shift Your Thinking: Instead of saying, "I can’t afford help," ask, "How can I make more time to earn more?"

3. Make Money Work for You: Stop Working for Money From a Paycheck to Wealth Creation Employees trade time for money, while entrepreneurs and investors build systems that earn income with less effort. How to Change Your Thinking:

• Invest in Assets: Buy stocks, real estate, or start a side business.

• Create Passive Income: Make money through rental properties, dividend stocks, or digital products (like e-books). Example: Instead of working extra hours for a small pay raise, invest $10,000 in a dividend stock that earns $800 a year with no extra work. Financial Insight from Robert Kiyosaki: Relying on a paycheck can lead to disaster. Build assets, not problems.

4. Money Isn’t Bad—It’s a Tool for Freedom Why Society Misunderstands Wealth Many think "money is the root of all evil," but this belief keeps people from financial success. Money is just a tool that reflects who you are. The Truth About Money:

• Generous people use their wealth to help others (like Warren Buffett, who donates most of his fortune).

• Fear of money leads to a scarcity mindset that limits opportunities. How to Overcome This:

• Stop saying, "I’m not good with money." Instead, commit to learning budgeting, investing, and negotiation.

• Surround yourself with people who know about finance and inspire growth. The Real Value of Money: It won’t buy happiness, but it offers freedom—to travel, spend time with loved ones, and escape bad jobs.

5. The Cash Flow Quadrant: Where Do You Fit? Understanding the Four Paths to Income Robert Kiyosaki’s Cash Flow Quadrant explains why some people succeed while others struggle:

• Employee: Works for a paycheck, limited by hours worked.

• Self-Employed: Has more control but still trades time for money (like freelancers).

• Business Owner: Builds systems and teams to earn income (like Amazon or McDonald’s franchise owners).

• Investor: Earns money from money (like stocks and real estate).