How To Steal Back Your Financial Freedom In 2017

Financial Freedom

“Money is not the goal. Money has no value. The value comes from the dreams money helps achieve” – Robert Kiyosaki

 

Unfair Advantage: The Power Of Financial Freedom by Robert Kiyosaki

 

If you’re looking for new ideas to help you get started or continue your journey to financial freedom then Unfair Advantage: The Power Of Financial Education by Robert Kiyosaki is definitely worth reading. The ideas in this book are unconventional but anyone who has read any other books in the Rich Dad series will already know that. The great thing about reading or listening to Robert Kiyosaki is that you know the information and advice is coming from someone who is not teaching from a theory book, he’s teaching from experience. From being homeless and more than one million dollars in debt to being financially free and then to becoming rich Robert Kiyosaki is the real deal.

 

Why Financial Education Is Important

According to Robert Kiyosaki a global financial storm is approaching and the people that will be hurt the most are people holding on to old ideas like job security (which a lot of us know doesn’t exist), savings and a retirement plan. Some people are aware that they need to change what they’re doing but without a strong financial education they don’t know what to do or how to change.

 

How To Catch A Monkey

Natives of Africa and Asia have used the following technique to catch monkeys for thousands of years. The hunter finds a tree with a small hole in the tree trunk and puts fruits or nuts inside the hole. A monkey finds the fruit or nuts and grabs it by putting it’s fist in the hole. The monkey’s clinched fist filled with fruit or nuts can’t come out of the hole, so the monkey is stuck as long as it’s fist is clinched. Instead of letting go of the fruit or nuts the monkey struggles trying in vain to pull it out and when the hunter returns they easily catch the monkey. Humans are similar to monkeys but instead we cling to job security, possessions, money and a home, even if we can’t afford it.

Kiyosaki’s book outlines why he believes the coming financial storm will hurt the people holding onto obsolete ideas the most. The following reasons are why a financial education is so important.

 

The End Of The Industrial Age

The industrial age began around 1500 and ended around 2000. During the industrial age financial education was not important because if a person had a high paying job with a good retirement plan they would be taken care of for life. As technology replaces the need for manual labour and factories are dismantled and rebuilt in countries with lower wages a safe secure job with a great retirement plan has become an obsolete idea. In the information age which began with the birth of the internet, financial education is essential.

 

The Rules Changed

In 1971 president Richard Nixon took the U.S of the gold standard and changed the rules of money. The U.S dollar became an instrument of debt, no longer backed by gold and since then has lost 95% of it’s purchasing power. After 1971 savers became losers because more money is being printed everyday driving the value of the dollar down. Saving money that keeps going down in value is like the monkey holding on to the fruit and nuts.

(Seth Note: This paragraph is extremely important. There is an amazing video from Mike Maloney explaining this tragedy)

Also since 1971 bank bailouts have become more frequent and increased in size, putting a tremendous burden on all tax payers. Due to lack of financial education most people think that debt is bad, and it is if you don’t know how to use debt to make you richer. If you have a strong financial education you can use debt to become rich.

The other reasons Kiyosaki lists for the coming financial storm are that inflation is rising. Therefore, more and more people are moving from the middle class into poverty. Governments around the world have chosen to bailout banks at the expense of the working tax payer.

 

 

Preparing For The Storm
Preparing For A Storm

This book will help you to decide what type of education will help you to prepare for the financial challenges ahead and give you some new ideas on what you can do. The world economy is going to change whether you like it or not, the rules have changed because we’ve moved into the information age but a lot of people are still following the old rules. It’s time to adapt.

 

The Key To Success

The key to succeeding in the information age is education. In the industrial age academic and professional education were enough to succeed, but in the information age a third type of education is needed: financial education. Education is a process but the problem with traditional education is that it’s a process to become an employee. What if you don’t want to be an employee? What if you want to start a business or learn to invest? Then you’ll need to look at non traditional education and open your mind to new ideas.

 

The Best Investment

The best investment you can make is in your financial education. No investment is a good investment if you are a bad investor, so before you invest in anything else, invest in your financial education. This book is for people who are interested in finding out what kind of education it takes to succeed in business or investing.

 

Let Go

It’s time to let go. In the same way the monkey can’t find freedom until it let’s go of the fruit and nuts you can’t find freedom until you let go of your old obsolete ideas. If you continue to listen to the same advice and take the same actions you will get the same results. This book is about the unfair advantage you will have with a sound financial education but you must take action and learn by making some mistakes. Kiyosaki says “the idea that mistakes are bad is a bad idea” and your failures are your biggest opportunities to learn and to grow.

 

 

“I can accept failure, but I can’t accept not trying” – Michael Jordan

 

 

 

Unfair Advantage - Knowledge

Unfair Advantage 1: Knowledge

Your level of financial education determines what you do with your money and how you invest. Without financial education your risks go up and your returns go down. People who don’t have a strong financial education and want to invest generally give their money to the “experts”, the smartest financial brains in the world, the people who caused the biggest financial crisis in history in 2007 and risk losing it all.

 

Unfair Advantage 2: Taxes

People who have a strong financial education can earn more and pay less (even zero according to Kiyosaki) in taxes. Taxes are not fair and financial knowledge on taxes is an unfair advantage. To earn more and pay less on taxes there is three things you need to keep in mind,

1. the harder you work for money the more you pay on taxes

2. the harder your money works for you the less you pay in taxes

3. the harder other people’s money works for you, you pay even less in taxes

 

Unfair Advantage 3: Debt

After Nixon took the U.S dollar of the gold standard in 1971 it doesn’t make sense to save dollars that keep losing value as the government continues to print money at will. Kiyosaki recommends that if you’re going to save then save gold or silver which have real value. If you have a strong financial education then Kiyosaki recommends using debt to acquire assets which will also give you government incentives on taxes. Today all money is debt, so debt makes the world go around. Obviously to use this strategy you need a high level of financial education. Debt is leverage and if you abuse it, it will magnify your losses.

 

Unfair Advantage 4: Risk

Without financial education you will lose your money regardless of what you invest in. In an attempt to avoid risk people often lead lives of extreme risk.

 

Unfair Advantage 5: Compensation

Rich people don’t work for money, they work for assets that produce cashflow in good economies of bad economies. Rather than save dollars in a bank, a high level of financial education will allow you to convert dollars into real assets that produce cashflow and tax advantages.

 

Conclusion

A financial education is essential if you want to be financially free or independent. There are principles in this book that you must learn. Understand how to navigate through the challenges that are heading towards us in this world economy. Choose your teachers carefully. Robert Kiyosaki is someone who has travelled the journey and is willing to help you.

 

Check out more from Diego on his website: Best Financial Success Books

About Diego 1 Article
Diego is the founder of Best Financial Success Books. Dedicated to your success, his great website is designed to help you grow your finances through books and the experiences he has personally gone through.

24 Comments

  1. Wow, I have just read an awesome post on how to steal back your financial freedom. It was very insightful, packed full of great and very logical ideas to achieve it. Seriously, I really thoroughly enjoyed reading it and I thank you so much.
    Simon

    • Thank you for the feedback Simon, I’m really happy you enjoyed reading this post. I hope you’re able to apply some of the concepts in this book. All the best

    • Thanks for your comment Seanjuan and I’m happy you enjoyed reading it. It’s awesome to hear that you want to incorporate some of the concepts in this book into your own business. Best of luck with all your endeavours.

  2. This topic was of great interest to me! I am all about residual income, and this book seems to enlighten one on financial freedom. Keep up the great work!

    Where are you on your journey to becoming financially independent?

    • Thanks for your comment Dr Adam, great to hear you found this post interesting. As far as my journey to becoming financially independent goes I’m not quite there yet. Financial freedom is a goal I set back in 1999 when I first read Rich Dad Poor Dad but I was a bit naive as to how long it would take given my inexperience in business and investing. I have 5 more years to achieve it. All the best

  3. I have the Rich Dad Poor Dad book by Robert Kiyosaki. This article is insightful and gives me lots to think about. I agree about financial education. Inflation is rising and we have to think of how to make our money work harder.

    • Hi Yvonne, thanks for your comment. Financial education is the message Robert Kiyosaki talks about throughout all of his books because it’s extremely important. In this book he shows financial education is the ultimate unfair advantage. You’re absolutely right, if you don’t think of how to make your money work harder for you you’ll be working harder for your money. It’s your choice.

  4. what a fantastic site, I too am an avid book reader, yet I’ve never heard of some of these titles, however I’ve read Napoleon Hill’s Think And Grow Rich and I love reading Bob Proctor’s You Were Born Rich.
    Have you read either of those?

    • Hi Dave, thanks for your comment. Think and Grow Rich is one of my favourite books, I’ve read it several times. It’s the kind of book you need to study rather than just read. Glad to hear you like the site, all the best.

  5. Fascinating.

    I’ve read rich dad poor dad in the past, and I follow Kiyosaki today.
    His ideas are groundbreaking and so true. I’m trying to follow them to this day.

    This is the first time I’ve heard of this book, but I’m going to buy and read it.

    • Hi Ido, thanks for your comment. Robert Kiyosaki is one of my heroes because he began to share his knowledge with Rich Dad Poor Dad when he was already financially free, he didn’t have to do it but he still did. His ideas are unconventional but as you say true, this book will give a totally different way of looking at financial freedom. I too follow his concepts as much as possible. Great to hear you’re going to buy this book, you’ll get a lot out of it. Happy reading.

  6. Love this post, I’ve always been a big fan of Robert Kiyosaki. Love his Rich Dad Poor Dad book. I need to go and pick this book up like… yesterday. I totally agree with everything being said here, education is the number one thing to have in your luggage when it comes to finances.

    Thank you,
    Vicky

    • Hi Vicky, thanks for your comment and feedback, great to hear you like this post. Robert Kiyosaki changed my life so I’m a big fan too. This book really highlights how when you’re financially educated you will make completely different decisions than the average person and how being trained to do something doesn’t mean you’re educated, an important distinction. Cheers

  7. Wow what an interesting article! I really think I need to check this book out. His story is so amazing, the fact that he didn’t give up. We can all learn a lot from this! Thank you for writing this.

    • Hi Katie, thanks for your comment and I’m glad you found it interesting. If you’re interested in business and investing all of the books in the Rich Dad series fantastic but this one focuses on the importance of financial education. To quote Kiyosaki himself “business and investing aren’t risky, being uneducated about business and investing is risky”. Wish you all the best.

  8. This was a really good read! I feel that everything in the world is really just a big business that collects your money. I’m not a fan of traditional methods such as investing and saving money. I honestly believe that in order to become financially free, you need to become better than the system. You need to outsmart the business called “life”.

    • Hi Dan, thanks for your comment, glad you enjoyed this post. I agree with you that every part of life has cost to it, from food and clothing to housing, energy to pretty much anything that we need to survive in this world. On top of that if you’re an employee you’re taxed before you even get your pay and your money is taken without a choice to save for your retirement but it may or may not be there when you retire. Robert Kiyosaki is all about outsmarting the system. For example in this book he talks about the fantastic real estate investments he was able to buy during the last financial crisis with help from the government and the banks, allowing him to become richer because of his financial education. Best of luck, cheers.

  9. I really need to check out that books, as it seems like many guys here, enjoyed it, thanks for sharing this excellent piece of content, the posts here are really outstanding.

  10. Hi Diego,

    I loved the analogy of catching a monkey. It’s very true. I read one of Robert Kiyosaki’s books a long time ago and it changed my life. I think in a different way now. Definitely investing in gold or silver is a good idea. I have a friend who made massive amounts on money in gold. I will definitely be looking at this book.

    • Hi Craig, thanks for your comment. Rich Dad Poor Dad changed my life, I never saw money and finance and investing in the same way. I think what Kiyosaki is saying is that whether something is a good investment depends on you. Are you a good investor or business person? You and I could have the same opportunity but get totally different results depending on who we are and what skills we have. All the best

  11. We have to go with the tide if we want to avoid being caught in the clutches of obsolescence. And I agree that education, financial or otherwise, is key to being able to weather the challenges ahead. It is not enough that we are aware that there is a financial storm coming but it is more important that we know and learn what we can and should do to manage the situation. Financial education is key to achieving the financial freedom that we need to have to weather the coming storm. I love reading Robert Kiyosaki and I think this book will be another interesting and highly educational read.

Leave a Reply

Your email address will not be published.


*