Keep the records

Keep all receipts and make sure you record who, what, where, and when; the amount, the time, and the place; and the business purpose of the expense.

Leadership

“A leader’s job is to bring out the best in people, not to be the best person.”

B-I triangle

“There are many people with great ideas but few people with great
fortunes. The B-I triangle has
the power to turn ordinary ideas
into great fortunes.

What Is a Team?

In addition to mentors, if and when you do finally start working for yourself, you’ll need a team of competent, loyal advisors. A team assembled with care will help you as you set out on your quest for financial freedom. Your team is your protection and your technical expertise. You don’t need to have all the answers as long as you know who to call.

What Is a Mentor?

A mentor is a successful person whom you’d like to emulate. A mentor is distinctly different from someone who tells you how to do something—someone who instructs but whose experience is limited. He didn’t just dispense advice; by building his business and using it to invest, Rich Dad had actually accomplished what I wanted to accomplish.

Communication

If you can’t speak or write well, you won’t convince people that your product or service is worth buying. I have friends who are geniuses, but because they can’t communicate well with others, they’re poor. The world is full of smart poor people.

Financial literacy

Financial literacy requires proficiency in several areas: economic history, accounting, taxes, investing, and building businesses.