Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference.

Think of Ethereum as a global computer where anyone can build and use decentralized applications. These applications can manage anything of value, from money to property to identities.

How  it Works

These are self-executing contracts with the terms of the agreement directly written into code.

This is the cryptocurrency used to pay for transaction fees and to interact with the Ethereum network.

2013: Ethereum was conceived by Vitalik Buterin, a programmer and co-founder of Bitcoin Magazine.2014: Ethereum raised over $18 million through an ICO (Initial Coin Offering).2015: The Ethereum network launched.2022: Ethereum transitioned from Proof of Work to Proof of Stake, a more energy-efficient consensus mechanism.

While Ethereum is known for its cryptocurrency, Ether, its potential extends far beyond:<ul><li>DeFi</li><li>NFT</li><li>Gaming</li><li>SCM</li></ul>

Beyond Cryptocurrency

Ethereum powers a wide range of financial applications without intermediaries.

Ethereum is a popular platform for creating and trading unique digital assets.

:Ethereum supports blockchain-based games with digital ownership and economies.

Gaming

Ethereum can track the movement of goods with transparency and security.

Ethereum's flexibility and potential have made it a leading platform for developing decentralized applications, and its impact on various industries is expected to grow significantly.

crypto

Cryptocurrency

moneyandinvestments

Money & Investments

technologyandthefuture

Technology & The Future

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Learning & Education

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Entrepreneurship

Ethereum: Beyond Cryptocurrency

Kiyosaki explains that wealthy people focus on creating income-generating assets rather than working for a paycheck. They prioritize making money work for them, aiming for financial independence instead of being tied to a job.

The Rich Don’t Work for Money

Understanding Money: Kiyosaki argues that financial literacy is essential because most people lack the knowledge to manage money effectively. Without understanding how money works, individuals are more likely to fall into debt and miss opportunities to build wealth.

1. Why Teach Financial Literacy

Building Wealth: Teaching financial literacy helps people learn how to invest, manage risks, and grow their wealth over time. This knowledge empowers them to make informed financial decisions, leading to long-term financial security and independence.

2. Why Teach Financial Literacy

Kiyosaki advises focusing on building and managing your own income-generating assets, rather than relying solely on your job. This mindset is key to achieving financial independence and long-term wealth.

Mind Your Own Business

Keep your daytime job, but start buying real assets, not liabilities. Keep expenses low, reduce liabilities, and diligently build a base of solid assets.

Detailed Step by Step walkthrough of Rich Dad Poor Dad by Robert Kiyosaki. This Animated book summary will help you to understand how the rich get rich and why you struggle financially. If you want to escape the rat race, this book can change your life. 

This Visual guide will help you to understand all the amazing teachings that are within this book.

Rich Dad Poor Dad by Robert Kiyosaki
PART TWO - https://youtu.be/Qxc_uS7R1CY



*** Mindmap PDF ***

If you want to follow along with this detailed summary of Rich Dad poor dad, Grab a copy of the mindmap in the link below:

https://gumroad.com/escapingordinary

📚My Top 50 book recommendations 
https://www.escapingordinary.net/top-50-books


If you are struggling financially then you need to watch this video which covers topics such as:

-how to invest
-how to gain a  financial education
-passive income
-how the rich get richer
-Assets to invest in, such as real estate, businesses and bitcoin
-financial coaching
-personal growth money learning
-what the rich teach their kids about money that the poor and middle class do not
-plus much more

What does rich dad poor dad teach you?

Rich Dad Poor dad gives you the right mindset to become financially free. It shows you how the Rich get richer and why the poor and middle class struggle through life. Robert's poor dad taught him to get a job and work his way up the corporate ladder. His Rich father guided him on another path that turned him into a multi-millionaire.

Who is Rich Dad?

Rich dad was Robert Kiyosaki's best friends father who guided him on the path to financial freedom.

Is Rich Dad Poor Dad a good book?

In my opinion this book changed my life. It helped me to change my perception of wealth and put me into the right mindset to continue on the path to financial freedom. It really opened my eyes to how most people struggle through life because they are playing by a different set of rules to the rich.

Other Video summaries on this Channel


The Four Agreements (Detailed Summary)
https://youtu.be/gpwuq5wOvwI

Limitless by Jim Kwik (Detailed Summary)
https://youtu.be/naEkf_As9kU

This is the story of the rich dad and the poor dad


Thankyou for watching this animated summary of Rich Dad Poor Dad by Robert Kiyosaki video. Please Subscribe :)



*** TIMESTAMPS ***

0:00 Intro
2:01 Rich Dad and Poor Dad
3:00 Lesson 1 - The Rich don't work for money
6:15 Lesson 2 - Why teach financial literacy?
12:19 Lesson 3 - Mind your own business

DISCLAIMER: All information and data on this video are for informational purposes only. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

This video is copyrighted by Escaping Ordinary. Therefore any unauthorized copying and use of the work constitute copyright infringement.

#howtogetrich #robertkiyosaki #richdadpoordad

Discover the world of business and economics.

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Economics

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I like to bring great books and ideas to life in a visual way.  I love reading and listening to books, so I want to share with others books and Authors I recommend.

My mission for this channel is to get people (especially younger folk)  enthusiastic about picking up books more often and  mindlessly scrolling through TikTok, IG etc. less often. 

FAQ
What do you use to make the videos?

I use everything Adobe, but the main programs I use are
-Illustrator
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-Photoshop (but not often) 

Why are you so slow with your content?

Everything you see in the video was put together by myself, and they take a longggg time, from reading the book, doing voiceovers, making illustrations, editing etc. I currently have a FT job, but I hope in the future I can go PT and create content more often :) 






Escaping Ordinary (B.C Marx) 

Rich Dad Poor Dad by Robert Kiyosaki (Detailed Summary)

A sophisticated investor knows three E's.<ul><li>Education</li><li>Experience</li><li>Excess cash</li></ul>A movie star can have excess cash but lack the first two. There are many people with right education, but they lack experience and without real life experience, they often lack the excess cash.Achieve those three items and you will a sophisticated investor.

Three E's

"The only reason I built businesses was so l could invest in the investments of the rich.The only reason you build a business is so that your business can buy your assets.Without my businesses, I could not afford to invest in the investments of the rich."

If a person says, “Money is hard to get,” it will probably be hard to get. If a person says, “Oh, I’ll never be rich,” or “It’s really hard to get rich,” it will probably be true for that person. If a person says, “The only way to get rich is to work hard,” then that person will probably work hard. If the person says, “If I had a lot of money, I would put it in the bank because I wouldn’t know what to do with it,” then it will probably happen just that way.

Money will be anything you want it to be

When it comes to money and investing, people have three fundamental reasons or choices for investing-to be:<ol><li>Secure,</li><li>Comfortable, or</li><li>Rich</li></ol>All three choices are important. The difference in one's life occurs when the choices are prioritised.Most people dream of becoming rich, but it is not their first choice. Their first choice when it comes to money decisions is security. Second is comfort and third is to be rich. That is why most people make job security, their highest priority. After they have a secure job or profession, then they focus on comfort. The last choice for most people is to be rich.

The Choice

One problem is not enough money. The other problem is too much money. Which type of money problem do you want?

Two kinds of Money Problems

<ul><li>The more security you need, the more scarcity is in your life.</li><li>The more competitive you are the more scarcity, there is in your life. That’s why people compete for jobs and promotions at work and compete for grades in school.</li><li>People are creative cooperative and have a good financial and business skills often have lives of increasing financial abundance.</li></ul>

Causes of Scarcity & It’s Effect on people’s Attitudes

<ol><li>Investing means different things to different people.</li><li>One person cannot know all there is to know about the subject of investing.</li><li>One person may say an investment is good and another person may say the same investment is bad, and that both could have valid points.</li><li>Not willing to keep an open mind to the subject of investing and listen to different points of you on this subject.</li><li>Focusing on specific products and procedures may not necessarily be investing.</li><li>An investment product that is good for one person may not be good for another.</li></ol>

Why Investing is Confusing

Investing is a plan, not a product or procedure

The rich don't work for money. They know how to have money work for them.

Investing means different things to different people... and there is a huge difference between passive investing and becoming an active, engaged investor. Rich Dad's Guide to Investing, one of the three core titles in the Rich Dad Series, covers the basic rules of investing, how to reduce your investment risk, how to convert your earned income into passive income... plus Rich Dad's 10 Investor Controls. The Rich Dad philosophy makes a key distinction between managing your money and growing it... and understanding key principles of investing is the first step toward creating and growing wealth. This book delivers guidance, not guarantees, to help anyone begin the process of becoming an active investor on the road to financial freedom.

business

Business

startup

Startups

Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing.

Robert T. Kiyosaki

Rich Dad's Guide to Investing

Imagine money that exists only as code on computers.That's essentially what cryptocurrency is. It's a digital or virtual currency that uses cryptography for security. Unlike regular money, there's no physical coin or bill.

What Is?...

<ol><li>Blockchain</li><li>Decentralized</li><li>Security</li></ol>

How does it work?

Cryptocurrencies use a special technology called blockchain. It's like a digital ledger where all transactions are recorded.

Blockchain

Unlike regular money controlled by banks, cryptocurrencies operate without a central authority. This means no government or bank controls it.

Cryptography makes it very difficult to counterfeit or hack.

Early Ideas: The concept of digital money started in the 1980s, but it wasn't until the late 1990s that it gained more attention.*Bitcoin: In 2009, Bitcoin became the first widely known cryptocurrency. It introduced the idea of blockchain technology.Growth:Since then, thousands of other cryptocurrencies have been created, each with its own features and goals.

A Brief History

Cryptocurrency is like digital cash that you can send and receive online without needing a bank.

Opinions on cryptocurrency vary widely among famous people.

Famous People and Cryptocurrency: A Mixed Bag

Elon Musk:The tech billionaire has been a vocal supporter of cryptocurrencies, especially Dogecoin. His tweets often influence market prices.

Warren Buffett:The legendary investor has been critical of cryptocurrencies, comparing them to "rat poison squared."

Critical

It's important to note that these are just a few examples, and many other famous people have expressed their views on cryptocurrency.heir opinions can be influenced by various factors, including investments, personal beliefs, and understanding of the technology.

Recognize that wealth potential lies within you. By cultivating the right mindset and actions, you can unlock and realize your financial prosperity.

You’re Wealth Waiting for You

Shift your mindset from merely spending to investing. Owning assets rather than just consuming goods is crucial for building lasting wealth.

From Consumer to Owner

Striving for financial independence is a worthy goal. It provides control over your life, reduces stress, and allows you to focus on what truly matters.

Financial Freedom is a Noble Pursuit

Challenge conventional financial wisdom. Innovate and think independently to discover unique paths to wealth that others might overlook.

Rejecting the Status Quo

Reconize the Seasons

“Success is not just about the accumulation of wealth, but the wisdom gained through the journey.”

For more insights, <a href="https://amzn.to/3yGg58i">click here to get *The Wealthy Gardener</a>* by John Soforic on Amazon.

Discover More in The Wealthy Gardener

Support the channel by getting The Wealthy Gardener by John Soforic here: https://amzn.to/3spq1QH 
As an Amazon Associate I earn from qualified purchases.

---

John Soforic retired at 49 with $20,000 per month in passive income. No, he didn’t inherit the money, he didn’t win the lottery, and he wasn’t a super-talented and good-looking football player. He did something much more mundane, yet something much more reliable for ordinary people like you and me. He made good financial choices and had a disciplined mind. John wanted to teach his son the lessons he learned along the way, and instead of just telling him about it, he portrayed his teachings in a book with stories revolving around the fictional “The Wealthy Gardener”. The reason why he picked a gardener is to showcase that this path does not only exist for the chosen few – it exists for you, for me, for everyone.

--- 

📈 For my private stock portfolio & revealing insights into my investment strategy, head over to: https://www.patreon.com/TheSwedishInvestor
🔍 My main tool for fundamental screening and analysis of stocks: https://app.tikr.com/register?ref=tsi 

--- 

Timestamps for The Wealthy Gardener:
00:00 Intro
01:02 Your Wealth is Waiting For You
04:52 From Consumer to Owner
06:35 Financial Freedom is a Noble Pursuit
09:22 Rejecting the Status Quo
10:55 Recognizing the Seasons

---

My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.

Thank you for checking out The Swedish Investor. My name is Erik Abrahamsson, and on this channel, I will share with you the most successful strategies for taking your personal finances to the next level, in (well, hopefully) a simple and enjoyable way. Here, you will find time-tested investing advice from the most successful money managers and investors of our time.

About me:
-- Been investing in the stock market since 08/06/2013, and since then, I've beaten the S&P 500 by a fair margin
-- My CAGR on invested stock market capital is 19.5% as of July 2023 (after taxes and brokerage fees)
-- Read about 100 books on the topic of personal finance and investing

For my private stock portfolio & revealing insights into my investment strategy: https://www.patreon.com/TheSwedishInvestor 

I wish you all good fortune in your stock market investing!

Feel free to contact me on: theswedishinvestoryt@gmail.com

The Swedish Investor

THE WEALTHY GARDENER - SUMMARY (BY JOHN SOFORIC)

"Opportunity is a haughty goddess who wastes no time with those who are unprepared."

"Wealth like a tree grows from a tiny seed. The first copper you save is the seed from which your tree of wealth shall grow."

“A man’s wealth is not in the purse he carries. A fat purse quickly empties if there be no golden stream to refill it.”

“Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.”

"Desires must be simple and definite. They defeat their own purpose should they be too many, too confusing, or beyond a man’s training to accomplish."

“Perhaps there is some secret we might learn if we but sought from those who knew.”

Short Summary of a Book.

A timeless classic that offers financial wisdom through a series of parables set in ancient Babylon.

The Richest Man in the Babylon. This book deals with the personal success of each of us. Success means results coming from our efforts and ability. A good preparation is the key to our success. So keep a part of what you earn with yourself. From the benefits of saving to the essentials of getting rich, this collection of educative Babylonian fables gives you timeless information on how to make money. It guides to getting rich, attracting good fortune and the five golden rules. As a guide to understanding hydro-wealth and a powerhouse has been inspiring readers for generations. You know that Babylon became the richest city of the ancient civilization because it had reserved part of its earnings for the future. Thats why citizens got everything they wanted. How can you always keep your wallet heavy, the author has taught very beautifully on this topic.

productivity

Productivity

personaldevelopment

Personal Development

George Samuel Clason, also known as George S. Clason. George Samuel Clason was born in Louisiana, Missouri, and died in Napa, California.During his eighty two years he was a soldier, businessman and writer. He served in the United States Army during the Spanish-American War.Clason started two companies, the Clason Map Company of Denver Colorado and the Clason Publishing Company. The Clason Map Company was the first to publish a road atlas of the United States and Canada, and did not survive the Great Depression.George Clason is best known for writing a series of informational pamphlets about being thrifty and how to achieve financial success. He started writing the pamphlets in 1926, using parables that were set in ancient Babylon.

George S. Clason

The Richest Man In Babylon

Wealth is having ASSETS that earn while you sleep.Money is how we transfer time and wealth.Status is your place in the social hierarchy.<a href="https://elevatedpath.beehiiv.com/subscribe">The Art of Habits</a> (It's free)

💡 SEEK WEALTH NOT MONEY OR STATUS

● Making money is not a thing you do, it's a skill you learn."You will get rich by giving society what it wants but does not yet know how to get. At scale"● The means of learning are abundant. It's a desire to learn that is scare. ● Read what you love untill you love read.

💡 EARN WITH YOUR MIND NOT YOUR TIME

Getting rich is about knowing what to do, who to do it with, when to do it. It is much more about understanding than purely hard work.● BUILD SPECIFIC KNOWLEDGE● USE LEVERAGE● BUILD JUDGMENT● LEARN MENTAL MODELS● BUILD ACCOUNTABILITY● DO HARD THINGS BE PATIENT● BE AUTHENTIC● PLAY THE RIGHT GAMES

💡PRINCIPLES OF WEALTH

It cannot be trained.It is found by pursuing your genuine curiosity and passion.It will feel like play to you but will look like work to others."Become the best in the world at what you do. Keep redefining what you do until this is true."<a href="https://elevatedpath.beehiiv.com/subscribe">The Art of Habits</a> (It's free)

● BUILD SPECIFIC KNOWLEDGE

"You're never going to get rich by renting your time."3 classes of leverage:<ul><li>Labor </li><li>Money</li><li>Products with no marginal cost of replication (books, media, code). They're permissionless.</li></ul>

● USE LEVERAGE

Wisdom applied to external problems is judgment.Stay on the bleeding edge of study technology design, and art. Become really good at something.The really smart thinkers are clear thinkers. They understand the basics at a very fundamental level.

● BUILD JUDGMENT

Mental models are really just compact ways for you to recall your own knowledge.Evolution, inversion, complexity theory. economics, principal-agent theory, compound interest, basic math, black swan, calculus, falsifiability

● LEARN MENTAL MODELS

Build a unique character, a unique brand, a unique mindset, which causes luck to find you.Put your name on it and take the risks. Earn credibility, build your reputation And people will pay for your judgment

● BUILD ACCOUNTABILITY

"Impatience with actions, patience with results."Go struggle! You have to do hard things to create your own meaning of life.Everybody wants to get rich immediately, but the world is an efficient place, immediate doesn't work. You have to put in the time

● DO HARD THINGS BE PATIENT

Escape competition through authenticity."No one can compete with you on being you."Figure out what you were doing as a kid or teenager almost effortlessly. Something you didn't even consider a skill, but people around you noticed.

● BE AUTHENTIC

"Play stupid games, win stupid prizes."Avoid Status Games. They make you into an angry, combative person. Always fighting to put other people down.

● PLAY THE RIGHT GAMES

The state when nothing is missing, mind running into the past or future to regret something or to plan something. It's about the absence of desire, especially for external things.● HABITS● FREEDOM● RATIONAL BUDDHISM

💡 HAPPINESS

At the end of the day, you are Combination of your habits and the people who you spend the most time with.Prioritize your health:<ul><li>Diet</li><li>Exercises </li><li>Cold exposure</li><li>Meditation</li></ul>"To have peace of mind, you have to have peace of body first."

● HABITS

"The hardest thing is not doing what you want, it's knowing what you want.'Look for free yourself FROM....<ul><li>expectation</li><li>anger sadness</li><li>being forced to do things</li></ul>

● FREEDOM

Try everything, test it for yourself, be skeptical, keep what is useful and discard what is not."The older the question, the older the answers."<a href="https://elevatedpath.beehiiv.com/subscribe">The Art of Habits</a> (It's free)

● RATIONAL BUDDHISM

Wealth is having ASSETS that can earn well you Sleep.

Getting rich is not just about luck; happiness is not just a trait we are born with. These aspirations may seem out of reach, but building wealth and being happy are skills we can learn. So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like? Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness. The Almanack of Naval Ravikant is a collection of Naval's wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections. This isn't a how-to book, or a step-by-step gimmick. Instead, through Naval's own words, you will learn how to walk your own unique path toward a happier, wealthier life.

Eric Jorgenson is an entrepreneur, writer, and investor. He is on the founding team of Zaarly, and has been publishing online since 2014. His blog has educated and entertained over a million readers.Eric is on a quest to create (and eat) the perfect sandwich. He tweets at @ericjorgenson and publishes new pieces and projects on ejorgenson.com/blog

Eric Jorgenson

The Almanack of Naval Ravikant

Imagine a group of friends trying to manage a shared expense listType #1Type #2

A Simple Explanation

Traditionally, one friend (the "central authority") would keep track of all the expenses. Everyone trusts this friend to maintain accurate records. But, what if that friend loses the list, or makes a mistake? The whole group is affected.

Type #1.Centralized System

In a decentralized system, every friend has a copy of the expense list. When someone adds an expense, they share it with everyone. Each friend verifies the new expense and adds it to their copy.

Type #2.Decentralized System

No single point of failure:** If one friend's copy is lost or corrupted, the others can still access the correct information.

Key points

Everyone can see the entire expense list, ensuring fairness and accountability.

Transparency

Changing the list is difficult because everyone must agree on the changes.

Security

It uses cryptography to secure the data and ensure trust among participants.In essence, a decentralized system is like a shared digital ledger where everyone has a copy and can verify the information

Blockchain To

Decentralized System: 

You can save just for saving sake and indeed you should every one should.

Save

Everybit of savings is like taking a point in the future that would have been owned by someone else and giving it back to yourself.

The first Idea simple but easy to overlook is that building wealth has little to do with your income or investment returns and lots to do with your savings rate.

Psychology of Money

Picture a diary, but instead of paper, it's a digital file. And instead of you being the sole keeper, it's shared with a bunch of friends. Every day, you write a new entry. Each entry is a "block" in this digital diary.

1 magine a digital diary

ow, here's the magic: once a block is written, it can't be changed. And each new entry (block) is linked to the previous one, forming a chain. This chain is incredibly hard to break.

A chain of trust

This digital diary is stored on multiple computers, not just yours. So, everyone has a copy. If someone tries to change an old entry, it won't match the copies on other computers. This makes it impossible to cheat.

Everyone's a keeper

Because the diary is shared, there's no single boss or authority. It's a community effort. This is called decentralization. It means no one person or group controls the entire system.

The power of decentralization

So, what's the big deal? This technology, called blockchain, is revolutionizing how we handle everything from money to contracts. No more middlemen, no more trust issues. It's like having a super-secure, transparent, and democratic system for managing information.

Real-world magic

**In essence, blockchain is a digital record-keeping system that is secure, transparent, and resistant to modification.** Would you like to know more about specific applications of blockchain?

Blockchain Unravel

Find 100+ Ideas and Facts about Money - Curated from interesting sources like Books, Podcasts & Articles - Genuine Insights from like-minded Users like You!