When this first appeared, Warren Buffet, the world’s richest investor called it “weapons of mass destruction” and many people agreed. What is it?
It is something called “derivatives”. If you have no idea what that is – read on… this is going to be fun.
Robert Kiyosaki explained derivatives and revealed that the financial sectors are using it to make ton loads of money. I was attending his seminar down in Singapore. In classic Dad style, he broke down the hard words
into simple easier-to-understand concepts.
Okay, this is how Robert taught it: “Think of derivatives as orange juice from an orange – orange juice is a derivative of an orange”.
Now, how does that apply to any home based business?
Here’s the magic of it. As my friends asked me what derivatives was and how it could really be a profitable idea, I explained to them as how I understood it.
“If a person owned a chicken rice store, he would have a tangible, physical asset. However, if he wanted to make more money, the only way is for him to get more stores. How derivatives apply in this case is to extract the essence of it. In this case – the preparation of the chicken rice. So, he could create a manual about how to cook great chicken rice – and sell that instead of trying to open a new store!”
As I explained it, it clicked for me. Did it click for you?
Instead of opening up a new store, you can extract the essence of it, derive it, package it into something else and sell that. That’s how so many professionals and working people broke out into successful stories – they were able to take their tangible assets, their skills and turn it into a derivative for greater, more expandable profits!
If you’re able to understand this concept, you can literally turn a simple idea into a literal weapon of mass destruction – and forever nuke the poverty bondage in life!
