Book Review: The Business School by Robert Kiyosaki

The book revolves around the Network Marketing Business but does provide some good thoughts and insights of what it takes to be successfully rich. I will share some of the best views put forward by the author (of course from my perspective!).

Traditional education is a good thing to posses but its too little to make you successful. It trains you to be very good employees, but doesn't do much to help you become an entrepreneur. Along with Mental (which the traditional education targets); physical, emotional and spiritual dimensions need to be nurtured. This is where the value of a Network Marketing business kicks in. It helps where the traditional education fails. Why do most of 'A' students end up working for a few 'C' students?

The author categorises people into 4 quadrants: Employees (who are too timid to take risk),  Self-employed (who are too smart to trust anyone and end up doing everything themselves), Investors (whose income come from their investments) and Business-owners (who have people running their businesses and are the 'Elite'). The former two categories generally are poor, Investors tend to be rich but the super-rich are the Business-owners. At last, Leadership skill is not an Option for B-category unlike any of the other 3 categories. And remember, Money follows the leader. As the poor work for money, the rich have the money working for them.

Winning is a habit and so is loosing. Winning starts with a dream.Whatever you vividly imagine, ardently desire, sincerely believe, and enthusiastically act upon, must inevitably come to pass! (these are not my words but of PJ Meyer). There are dreamers who dream in the past (completely futile!), some who dream too small (afraid of taking risk and want security!), some dream and have achieved it but didn't dream bigger (complacent!), some dream big but don't have a plan (too lazy to help themselves!). Only a handful of dreamers dream big, achieve those and go on dreaming bigger dreams.   

Never fear failure. Its an opportunity and nature's way of learning. Rebuilding oneself is the only way to make money. Failures help us identify the areas needed to be rebuilt. Everyone wants to shift from the left quadrant (E/S) to the right quadrants (B/I). The key to this is setting the right priority. People prefer making quick money to changing quadrant i.e. honing new skills and hence end up quitting. 95% of people fail in first 5 years when trying to move across the quadrants. But the real bright side is that the remaining 5% do get the chance of being ultra-rich.    

Losers are people who are afraid of loosing.