Prosperity Klub

22/10/2024

10 Lessons from the book titled: Why the Rich Are Getting Richer: What You Won't Learn in School by Robert T. Kiyosaki

This is a follow-up to his bestselling book "Rich Dad Poor Dad." In this work, Kiyosaki explores the differences between the financial mindsets of the rich and the poor, aiming to provide readers with insights on how to achieve financial independence.

Here are some key lessons and insights from the book:

1. The Importance of Financial Education: Kiyosaki emphasizes that traditional education often fails to teach essential financial skills. He advocates for financial literacy as a critical tool for wealth-building. Understanding concepts such as assets, liabilities, and cash flow is vital for making informed financial decisions.

2. Assets vs. Liabilities: A central theme in the book is the distinction between assets and liabilities. Kiyosaki asserts that wealth is built by acquiring assets—things that put money in your pocket—while liabilities take money out. He encourages readers to focus on building a portfolio of income-generating assets.

3. The Power of Entrepreneurship: Kiyosaki argues that entrepreneurship is a key pathway to wealth. He suggests that starting a business or investing in real estate allows individuals to create multiple streams of income, which is crucial for financial success. The entrepreneurial mindset fosters innovation and resilience.

4. Understanding Cash Flow: The book emphasizes the importance of cash flow management. Kiyosaki explains that it's not just about how much money you make but how much money you keep and how it flows in and out. Positive cash flow from investments is essential for building wealth over time.

5. The Role of Taxes: Kiyosaki discusses how the wealthy leverage tax laws to their advantage. He explains that understanding tax codes and using legal strategies can help individuals retain more of their income. The rich often have access to tax benefits that the average worker does not, highlighting the need for financial education regarding taxes.

6. Investing for the Future: The author encourages readers to invest wisely and think long-term. He emphasizes that waiting for the right moment to invest can lead to missed opportunities. Consistently investing in assets, even in small amounts, can yield significant returns over time.

7. The Importance of Mindset: Kiyosaki stresses that a wealthy mindset is crucial for achieving financial success. Beliefs about money, risk, and opportunity shape how individuals approach wealth-building. Cultivating a positive attitude towards money and being open to learning from failures can lead to greater financial achievements.

8. Embracing Technological Disruption: The author highlights the role of technological advancements in creating new wealth-building opportunities. He encourages readers to stay informed about emerging trends and be willing to adapt and capitalize on disruptive technologies.

9. Developing Multiple Income Streams: Kiyosaki advises readers to diversify their income sources, rather than relying solely on a single job or business. He emphasizes the importance of building multiple streams of income, which can provide financial resilience and flexibility.

10. The Importance of Financial Intelligence: Underlying all of these insights is Kiyosaki's emphasis on financial intelligence. He argues that developing a deep understanding of financial principles, strategies, and market dynamics is essential for creating and maintaining wealth over the long term.

"Why the Rich Are Getting Richer" by Robert T. Kiyosaki offers a compelling perspective on the financial mindsets and strategies that enable the wealthy to continuously grow their wealth. By challenging conventional financial wisdom and advocating for a more entrepreneurial and asset-focused approach, Kiyosaki provides readers with a roadmap for improving their own financial literacy and wealth-building capabilities.

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18/10/2024

Money Hack?

Isa ‘to sa mga ginawa for a client to have peace of mind WHILE paying for their 30-year condo payment

May 4.2M pesos siyang kailangan bayaran for the next 30 years, kaya ang dapat ibigay na insurance to her is 4.2M pesos as well.

🚫 Paano kung walang MRI ang client and God suddenly calls her? What will happen?
— Her family will need to pay the remaining years of contract. Ang problema dito, paano kung walang means ang maiiwan niya? Sayang ang years of payments. Sayang ang property.

✅ Bakit magandang may MRI kung may binabayaran kang properties?
— Simple lang. MRI ang sasalo sa natitirang payments sa loan o sa bangko.

Generally, nire-require na rin ang insurance kapag kumukuha tayo ng mga hulugang properties.

Point is— WE all need life insurance. And while we keep on ignoring the need of it, the cost is getting ❗️HIGHER❗️

18/10/2024

According to the Philippine Stock Exchange (PSE) and ASEAN Exchanges, the Philippines is becoming a top choice for investors in emerging markets. With strong economic growth, government-led infrastructure projects, and steady remittances boosting the economy, the country offers great investment opportunities.

Learn more about why you should consider investing in the Philippine market.

Invest and grow with the country's biggest brands with ₱1,000.

https://bit.ly/financialliteracyregistrationforall

13/10/2024

BOOK REVIEW 📍
Introduction:
The ability to concentrate single-mindedly on your most important task, to do it well, and to finish it completely, is the key to great success, achievement, respect, & happiness in life. This key insight is the heart & soul of this book.

The book includes 21 methods, techniques, & strategies focused on increasing your overall levels of productivity, performance, and output. Each one of them is action-oriented & you can apply them to your personal and professional life right away. You can choose to employ any of these strategies in any given situation or task.
Key Features:

Let's discuss some of the techniques that worked for me in the last 12 months.
1. Eating the ugliest frog first thing in the morning i.e accomplishing your most high-value task first because it's usually the task we tend to procrastinate on and accomplishing it will produce incremental growth in your life.

2. Think on paper: Put every plan, goal & task on paper so that you put it in tangible form. Putting it in the written form alone will increase the probability of accomplishing it in many folds. And use the "ABCDE" method to prioritize your tasks.

3. Do not procrastinate unconsciously but do it on purpose. Most people tend to do it unconsciously that is why they tend to procrastinate on the big, valuable, important tasks that have significant consequences on their long-term growth. Instead, procrastinate on low-value tasks.

4. Ask 3 questions to maximize your productivity Q1: What are my highest value activities?
Q2: What can I & only I do, that if done well, will make a real difference?
Q3: What is the most valuable use of my time right now?

Final thoughts:
If you could read only one book on productivity then this is it. It's the most complete book on time management. All of these techniques are quite easy & they actually work because I've been using them for over a year now and they have transformed the way I work & get things done. Read this & I'm quite sure they'll work for you as well.

20/09/2024

Whether you have insurance or not, it doesn't change the fact that healthcare in the Philippines is expensive.

Better prepare ahead than regret.

08/09/2024

08/09/2024

Don’t fear failure—fear being in the exact same place next year as you are today. 🔄

Growth happens when you step out of your comfort zone! 💥

30/08/2024

Toxic Filipino mindset: di pa rin open sa financial literacy. Magpapamilya nang di handa. Walang bahay, walang pagkain, walang damit, walang anything, just LOVE😍

26/08/2024

Happy National Heroes Day to all our Heroes 🥳🎉💪

20/08/2024

12/08/2024

5 Common Ways to Earn in Real Estate

1. Own (build) a property and rent it out
2. Develop a big piece of land and sell units/lots
3. Buy a property, pay downpayment, or mortgage, and rent it out
4. Buy, renovate and sell
5. Invest in REITs

The easiest, most affordable way is no.5.

You can become a part owner or shareholder of Big companies who are already successful in the rental business.

They are more successful than you and me.

You can sleep at night knowing that you are earning income from a systematize, standardize and professional rental business.

Business to Business. Hindi person to person.

Don't just be a depositor of a bank, be an investor too.

You earn every quarter thru profit sharing (dividends) from REITs.

Attend our Financial Coaching classes - to learn about Mutualfunds or Stock market investing (basics).

Message Us for schedules or meet up.

11/08/2024

HAVE YOU NOTICED?..A *bronze* medalist is generally *more happy* than a *silver medalist* at the end of the game.

It’s not an incidental finding but a proven fact in many research studies after studying reactions of silver medalists vs bronze medalists!

Ideally, a silver medalist should be more happy than the bronze. But, the human mind doesn't work like mathematics.

This happens because of a phenomenon called the *counterfactual thinking*.

The silver medalist thinks, "oh I couldn't win the gold medal." the bronze medalist thinks, "at least I got a medal."

A silver medal is won after losing, but a bronze medal is won after winning.

This happens even in our life, we don't appreciate what we have but feel sad with what we don't have. Let's be grateful for our blessings, they far outweigh our problems if we start counting.

Life is after all full of choices, do always count your blessings to stay positive & motivated.

Written by: Old Soul

02/08/2024

Nabasa mo na din ba si RICH DAD POOR DAD? 🤔

WISDOM FROM RICH DAD.
from the book Rich DAD Poor DAD, BY Robert Kiyosaki.

1. Don’t work for money:
Rich don’t work for money. If you work for money, your mind will start thinking like an employee. If you start thinking differently like a rich man, you will see things differently. Rich works on their asset column, every dollar in their asset column is their hard-working employee.

2. Don’t be controlled by emotions:
Some people’s lives are always controlled by the two emotions of fear and greed. Fear keeps people in this trap of working hard, earning money, working hard, earning money, and hoping that it will reduce their fear. Secondly, most of us have the greed to get rich quickly. Yes, many people become rich overnight, but they have no financial education. So educate yourself and don’t be greedy or fearful.

3. Acquire assets:
Don’t buy liabilities on your way to financial freedom. People buy liabilities and think these are assets, but they are not. Many people buy luxuries first, like big cars, heavy bikes, or big houses to live in. But the rich buy assets and their assets buy luxuries. The rich buy houses and rent them, and they pay them for their Lamborghinis. The poor or middle class buy luxuries first, and the rich buy luxuries last.

4. Remember the KISS principle:
KISS stands for keeping it simple, and stupid. Don’t be too overloaded your mind when you are going to start your way to financial freedom. Things are simple and keep them simple. The simple thing to remember is assets put money in pocket and liabilities take money out of pocket. Always buy assets so they put money into your pocket.

5. Know the difference between assets and liabilities:
Assets are anything that puts money in your pocket, like stocks, bonds, real estate, mutual funds, rental properties, etc. Liabilities are anything that pulls money out of your pocket, like your house, your car, debt, etc. People think their home is their biggest asset, but it is not. A house is an asset when it generates money like when you rent a house, it generates money, and when your life in that house becomes a liability.

6. Don’t be a financial illiterate:
A person can be highly educated and become successful in their profession, but financially illiterate. Financial education is very important for any individual. Our schools and colleges did not teach us financial education. Many financial problems arise as a result of a lack of financial education. Start learning financial education and I suggest you read the book "Rich Dad, Poor Dad".

7. Increase your Wealth:
Wealth is defined as a person's ability to survive for a certain number of days in the future, or how long they could survive if they stopped working today. Consider your wealth and whether you would survive if you stopped working today for a year.

8. Mind your own business:
If you have a job, keep your job and start a part-time business and work it. Use the time that you spend on your iPhone, parties, or any other activity, to build your business. Never leave your job until you build your own business. Don’t struggle all of your life for someone else. Start your own business and grow your business.

9. Train your mind:
Your biggest asset is your mind. Many individuals watch opportunities with their eyes, but if you train your mind, you can see opportunities with your mind. If you train your mind well, it can create enormous wealth.

10. Learn technical skills:
Your financial IQ will be raised by learning these four technical skills:

Accounting is defined as the ability to read numbers. If you want to build an empire, then this is an essential skill. By learning this skill, you will be able to understand the strength and weaknesses of a business.

Investing: It is the science of making money.

Understanding markets: It is the science of supply and demand.

The Law: A person who has knowledge of the law of tax advantages and corporations can get rich faster than others.

11. Find opportunities that everyone else missed:
"Great opportunities are not seen with your eyes. They are seen with your mind. "

You can see many more opportunities with your mind than many people miss with their eyes. It is not rocket science, you just need to train your mind.

12. Learn to manage risk:
Investment is not risky, not knowing the investment is risky. If you want to reduce the risk, then increase your knowledge. This knowledge will not come by going to college, it will come by reading books or sitting with people who know the investment.

13. Learn management:

The main management skills are:

Management of cash flow
Management of system
Management of people

Sales and marketing are the most essential skills. The ability to sell and the ability to communicate with another human being, be it a customer, employee, fiancé, friend, or child, is a basic skill of personal success.

14. Manage fear:
“Failure inspires winners. Failure defeats losers.”

Everyone has a fear of losing money.

22/07/2024

GET RICH TOGETHER! Why you should join a community?

Joining a financial literacy group can transform your financial future. These groups provide essential knowledge on saving, investing, and managing debt, helping you make informed decisions. You'll benefit from expert advice and a supportive community, whether you're new to financial planning or looking to enhance your skills.

Video Link: https://youtu.be/MxukBv6xiII

Join our community here 👉 https://bit.ly/prosperityklubmembership

🌱 Sign up for FREE and start investing for your future: https://go.rampver.com/yt-signup🤝 Join the Rampver Online Community: https://www.facebook.com/group...

18/07/2024

Alam mo ba kung bakit ako lagi nagchecheck ng memories? Imagine mo, "sana all" lng ako sa savings nila kasi wala akong ipon noon.

Ngayon, hindi lang sila ang may ipon, ako rin, at naka diversify ito sa iba't ibang savings program.
Hindi din reason na maliit ang income hindi makapag ipon, kasi kahit maliit or malaki ang income, kung gusto mo talaga makapag ipon, makapag ipon ka talaga.

Paano ko ba nagawa? Nanuod lng ako ng mga free webinar, tapos ginaya ko at ina apply ko.

Kaya wag kana puro how!
Nasa link na ito lahat ng need mo malaman 👉 lnk.bio/learninghub

16/07/2024

Bakit ba mahalaga ang Kaiser Healthcare?

Mostly common excuses kung bakit hindi sila makapag ipon ng healthcare:

1.May bahay pa kaming binili kakatapos lng namin, or may monthly amortization pa kami sa bahay,
2.Kumuha pa kami ng partner ko ng motor /sasakyan dagdag gastos na namn kapag mag Healthcare kami saka nlng,
3.Ang dami ko pang utang,
4.Nag start pa kami mag negosyo.
5.Kulang pa yong sahod ko, pero kaya naman mag sugal, magbili ng mga bisyo
6.Nag gold ako malaki ang kita bili ka din ng mga alahas mas maganda pa.
7.Bata pa namn ako at walang sakit
8.Meron na kaming investment at ipon sa bangko

Pero lahat na ito na excuses pagmagkakasakit at kailangan ma hospital pero walang sapat na ipon at healthcare

📍isangla ang titulo ng lupa
📍ibenta ang lupa or mga sasakyan
📍Mangungutang
📍Isangla ang alahas at iba pang ari-arian
📍Capital sa negosyo i pull out kasi kailangan ibayad sa hospital
📍Withdraw Time Deposit kasi kailangan nasa ICU ang pasyente.
📍Hindi na po namimili ng edad ang sakit ngayon.
📍Sell the stocks /shares of investment kailangan pang downpayment sa hospital

Kaya ikaw tamang kaalaman ang kailan
Aralin bakit kailangan mo ang isang bagay na hindi pa nmn magamit agad pero mas mahalaga sa Kinabukasan!

KAISER LONG TERM CARE🙋🧡

Message Me for more Details!
https://m.me/jepoyzki09