Chi Carman's Key Ideas from Rich Dad's Retire Young, Retire Rich
by Robert T. Kiyosaki, Sharon L. Lechter

• Cash flow is the most important term in the world of money. The second most important is leverage.
• Leverage is the reason some people become rich, and others do not.

• One of the recognized forms of leverage is the leverage of borrowing money. Millions of people struggle financially because the power of debt leverage is used against them. Many people now fear this form of leverage because of the consequences of the abuse of debt leverage.
• Instead of fearing the power of debt leverage, use it in your favor.

• The most powerful form of leverage we have is found in the power of our minds 🧠
• If you want to retire young and rich, the first thing you must do is use the power of your brain to make you rich.
• When it comes to money, too many people use the power of their brain to make them poor 👎🏼
• You can change your financial future by changing the words you use and the way you think.
• If you can change your words and your thoughts to those of the rich, retiring young and rich will be easy 😎

Rich Dad's 3 paths to great wealth:

• increasing business skills
• increasing money-management skills
• increasing investments

Without a strong enough why, even the easiest how to get rich will be too hard. Find your why, then you will find your how.

Passion is a combination of love and hate. Unless someone has a passion for something, it is difficult to accomplish anything. So you may want to start with a list comparing loves and hates.

Here's an example:

Love

• being rich
• being free
• buy anything I want
• expensive things
• having other people do what I don't want to do

Hate

• being poor
• being required to work
• not having what I want
• cheap things
• doing things I don't want to do

The hardest thing about being retired was having nothing to do.

18 months after selling my business and retiring, I finally drove out of the mountains of southern Arizona. As I left, I really did not know what was going to do next. I just knew that I wanted to do things differently.

The second half of my life had begun. This time it was MY life. It was no longer a life driven by the wishes and dreams of my parents, teachers, friends, or the dreams of a child. I was now older, wiser, smarter, less reckless, and a bit more trustworthy.

The main reason I recommend retiring as young as possible is because it will give you a chance to start your life over.

The best thing about retiring early was learning to appreciate life, even if it was hectic, stressful, and filled with problems. I found out that I did not know what to do if I had nothing to do. Today, I truly appreciate the hustle and bustle of life because I know what it's like to sit around doing nothing.

So whatever state your life is in at present, take a moment to appreciate it, because tomorrow it will only be a memory.