Cash flow and the future through Kiyosaki's eyes (II)

We continue with the second part of our article series on Robert Kiyosaki's book Cashflow.

According to Kiyosaki, if we want to be good investors, we must educate ourselves in four dimensions: Body, Mind, Emotion, and Spirit. For example, we can look for the reason for the failure of a person who has trained themselves very well mentally in their inability to manage their emotions. Perhaps the person has taken every possible training and has nourished themselves very well in a theoretical sense, but since they have not yet practiced anything, they have not been able to see how the reflections of what they have learned apply in practice, nor the effects of the transactions they will undertake on their psychology and emotional state. Therefore, as long as they do not put their knowledge into action, they are doomed to fail. In other words, individuals must educate themselves not only in terms of knowledge but also mentally and emotionally.

The Importance of Physical Education

In addition, people also have to train themselves physically. We can evaluate the "body" dimension both in the context of physical mobility and in the context of physical awareness. Let us remember the saying, "A healthy mind resides in a healthy body." Many studies show that the success rate of people who exercise regularly increases, their brain functions improve, (hafıza their bodily awareness is higher görülür) improvements in processes such as attention and learning. At the same time, regular exercise will help you take your attention away from the markets for a while, (piyasalara the more you look at it, the more successful you will be, yok) will positively affect your physical health, (kan your circulation will improve, your physical awareness will increase, you will start to feel more vigorous and you will get many more benefits, edeceksiniz) as you get to know your body It will also allow you to evaluate your feelings and thoughts more accurately. In other words, one way to recognize your emotions is to know your body. When some people are very anxious or under stress, their heartbeat accelerates, while others feel nauseous and feel the urge to vomit. Listening to such symptoms will improve your success rate.

The Benefits of Making Mistakes During the Development Process

"Success is a bad teacher. We gain most of what we learn when we make mistakes. Our mistakes are part of the process to success. Therefore, it is very difficult to achieve success without making mistakes." How you handle making mistakes is very important in your development journey because you can be sure that there will be many ups and downs along the way. Some nights you will not be able to sleep because of your losses, you will feel bad psychologically and emotionally, you will make wrong decisions, and some nights you will drown in the intoxication of having succeeded, celebrate your wins with your loved ones and dream about what your future will be like.

Only fools think they can always know the truth.

Many people try to ignore and ignore their disappointments or mistakes, blaming others for them. On the other hand, it is much more accurate and appropriate to approach them from a development-oriented perspective and see them as a part of the learning process. As the old saying goes, "One calamity is better than a thousand admonitions". It is also possible for the seeing eye to learn a lot from the negatives. You should know that you can always be wrong, make mistakes and encounter negativities. Only fools think they can always know the truth. When you lose your wealth, the only way you can do it again is through your personal characteristics and perspective. There are many examples of people who were fired from their own company and returned to their former position with subsequent successful attempts. Steve Jobs, for example, founded NeXT Computer after he was fired from Apple and continued to pursue his innovative ideas. Later, Apple bought NeXT Computer and Steve Jobs returned to his old position. In this story, it wasn't Steve Jobs' money that kept him afloat; It was his personal traits, his character, the goals and objectives that he set for himself.

We can never be sure of the future, but we must listen to both positive and negative scenarios. The richness of different viewpoints will help broaden our perspective and prepare us for various scenarios. The biggest mistake many investors in the market make is listening to opinions that align with their own trades while ignoring contrary opinions. Therefore, when prices move in an unwanted direction, a person caught unprepared will likely panic and be forced to make snap decisions. The accuracy of the decisions they make will depend on their feelings and thoughts.

To be a strong and smart investor

Let's think about times of crisis and major downturns. For some, these times become a period where they do not know what to do, blame the government or big companies, and pass the time waiting to see what the outcome will be, while another group sees times of crisis and downturns as an opportunity to increase their investments, take loans, and try to invest more. Thanks to the skills they possess (flexibility, the ability to take quick action, and the ability to create opportunities), they further multiply their wealth. In summary, no one can predict the future, but by making different plans, learning lessons from past mistakes, and perhaps having suffered significant losses in a previous crisis (, they can try to be prepared, and strive to be strong and smart investors. For those who start investing at a young age, we can say that they have more chances because these individuals will have both more time and more opportunities ahead of them, of course, if they can succeed in seeing rather than just looking…

Finally, according to Kiyosaki, there are five types of people: those who earn a lot of money but hate their job, those who can't earn any money and hate their job, those who work only for money, those who can't earn any money but love their job ) and they may eventually have to give up their jobs because their quality of life declines after a while ( and finally, those who earn a lot of money and love their job.

There will be times when you doubt yourself or what you do, but whatever happens, you must continue to believe in yourself. As long as you give up, you will not be able to leave the life you want to leave, and you will continue to complain or get tired. Money is not earned just by reading, watching, or following something; wealth is not created. Taking action by believing in what you can do and showing patience is the starting point for being wealthy in the long run.

This article does not contain investment advice or recommendations. Every investment and trading action involves risk, and readers should conduct their own research when making decisions.