Money 2011

MONEYWithRobert Kiyosaki”sRich Dad Poor Dad

The Root of all EvilLOVE or LUST?

1Timothy 6:10

(KJV) For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

The Root of all Evil

• 1Timothy 6:10

• (MSG) Lust for money brings trouble a n d n o t h i n g b u t trouble. Going down that path, some lose their footing in the faith completely and live to regret it bitterly ever after.

Love Vs Lust

• Love (v) feel affection for, adore, worship, be in love with, be devoted to, care for, find irresistible, be fond of, hold dear, be keen on, f a n c y ( U K , i n f o r m a l ) antonym: hate.

• Like, enjoy, appreciate, be keen on, be partial to, have a weakness for, go for (informal), have a thing a b o u t ( i n f o r m a l ) , b e attracted to antonym: dislike

Love Vs Lust

• Lust (n) desire, envy, covetousness, longing, yearning, hankering, hunger, thirst, itch.

• L u s t ( v ) Ye a r n , desire, long, hanker, hunger, ache covet, thirst, itch.

We all have Treasures

• Al l have treasure both the wise & the foolish

• Proverbs 13:23

• Much food is in the fallow ground of the poor, And for lack of j u s t i c e t h e r e i s waste.

We all have Treasures

• The poor suffer through the unrealized potential o f t he i r re sou rces : injustice sweeps away the possessions of the poor. [Spirit Filled Bible Notes]

• Proverbs 10:15

• The rich man’s wealth is his strong city; The destruction of the poor is their poverty.

The Secrets of the Rich

• T h e d i f f e r e n c e between the Rich and the Poor can be s u m m e d u p a s follows:

• “The poor say I cannot afford it and the Rich say How can I afford it.”

Deuteronomy 8:18

“And you shall remember the Lord your God, for it is He who gives you power to get wealth, that He may establish His covenant which He swore to your fathers, as it is this day

The Secrets of the Rich

• Skill or power to make wealth is d i f f e re n t f ro m money.

• Wealth gets you money but money does not make you wealthy.

1. The Importance of Financial Intelligence.

• What is financ ia l Intelligence?

• Financial intelligence is the mental process via which we solve o u r fi n a n c i a l problems.

• Financial literacy and ability

Hosea 4:6

My people are destroyed for lack of knowledge. Because you have rejected knowledge, I also will reject you from being priest for Me; Because you have forgotten the law of your God, I also will forget your children.


• Too many people are focused too much on money and not their g re a t e s t w e a l t h , w h i c h i s t h e i r education.

• If you think money w i l l s o l v e y o u r problems you are in for a tough ride.


• Financial Intelligence solves problems and p r o d u c e s m o n e y, Money without financial intelligence is money soon gone.

• Most people fail to realize that in life, it is not how much money you make, it is how much money you keep.

Rule 1 [ The Only Rule]

• You must know the difference between a n a s s e t a n d a l iab i l i ty, and buy assets.

• If you want to be rich, this is all you need to know. It is Rule No.1. It is the only rule


• Most people struggle financially because they do not know the difference between an asset and a liability.

• Rich people acquire assets, The poor and middle class acquire liabilities, but they think they are assets


• “If you want to be rich, you’ve got to read and understand numbers.”

• “The rich acquire assets and the poor and middle class a n d a c q u i r e liabilities.


• A n a s s e t i s something that puts money in my pocket. [Feed Me]

• A l i a b i l i t y i s something that takes money out of my pocket. [Eat Me]


• If you want to be rich, simply spend your l i fe buying assets.

• If you want to be poor or middle class, spend your l i f e b u y i n g liabilities.


• It’s not knowing the d i f f e r e n c e t h a t causes most of the financial struggle in the real world.

• I l l i teracy, both in words and numbers, is the foundation of financial struggle.


• If people are having difficult ies financial ly, there is something that they cannot read, either in numbers or words.

• S o m e t h i n g i s misunderstood. The rich are rich because they are more literate in different areas than people who struggle financially.


• So if you want to be rich and maintain your wea l th , i t ’s i m p o r t a n t t o b e financially literate, in words as well as numbers.

• My people perish f o r l a c k o f knowledge

The Rich Don’t Work For Money

• The poor and the middle class work for money.

• The rich have money work for them.

• How?

• B y b u y i n g a n d developing assets.

2 Corinthians 9: 10

Now may He who supplies seed to the sower, and bread for food, supply and multiply the seed you have sown and increase the fruits of your righteousness,

2. Mind your own business

• Financial struggle is often directly as a result of people working all their life for someone else.

• Many people will have nothing at the e n d o f t h e i r working days.

Proverbs 24:27

Prepare thy work without, and make it fit for thyself in the field; and afterwards build thine house. -KJV

Develop your business first before building your house.-Living Bible


• Start minding your own business.

• Keep your daytime job, but start buying real assets, not liabilities or personal effects have no real value once you get them home.


• A new car loses nearly 25 percent of the price you pay for it at the moment you drive it off the lot.

• It is not a true asset even if your banker lets you list it as


• For adults, keep your expenses low, reduce your l i ab i l i t i es and diligently build a base of solid assets.

• For young people who haven’t left home, it is important for parents to t e a c h t h e m t h e difference between an asset and a liability.


For most people, just as the last child leaves home, the parents realize they have not adequately prepared for retirement and they begin to scramble to p u t s o m e m o n e y away.


• Real assets fall into s e v e r a l d i f f e r e n t categories:

• Businesses that do not require my presence.

• I own them, but they are managed or run by other people. If I have to work there, it’s not a business. It becomes a job.


• Stocks.

• Bonds.

• Mutual funds.

• Income-generating real estate.

• Notes (IOUs).

• Royalties from intellectual property such as music, scripts, patents.


• And anything else t h a t h a s v a l u e produces income or appreciates and has a ready market.

• B e g i n a c q u i r i n g assets that I loved. “If you don’t love it, you won’t take care of it.”


• When I say mind your own business, I mean to build and keep your asset column strong.

• Once a dollar goes into it, never let it come out. Think of it this way, once a dollar goes into your asset column, it b e c o m e s y o u r employee.


• The best thing about money is that i t works 24hours a day and can work for generations.

• Keep your daytime job, be a great hard working employee, but deep building that asset column.

Money 2011

Spiritual

Transcript of Money 2011