Robert Kiyosaki’s Rich Dad, Poor Dad analyzes what the rich teach their kids about money, that the poor and middle class do not.
Emphasizing education, he believes it is dangerous advice to tell your kids to go to school, get good grades and find a job. A child needs a more sophisticated education, open to new and bold ideas.
Poor dad – I can’t afford it.
Rich dad – How can I afford it?
Rich dad said he doesn’t work for money, money works for him. He doesn’t blame anyone, a job, low pay or a boss. Don’t hope for a big break to come solve your problems, do something about it.
Life is the best teacher. If you learn life’s lessons, you will do well. Life pushes everyone around, some give up and some fight. Welcome the push and you learn more and become better. Don’t be directed by fear. The main cause of poverty and financial struggle is fear and ignorance. Fear keeps people trapped. Control your thinking and search for information and knowledge so you can discover all your options. Money will not solve problems, intelligence will solve problems.
What you NEED to be successful:
1. Financial Literacy
2. Investment Strategies (money making money)
3. Seizing Opportunity, understanding the market, supply and demand
4. Know the law. Awareness of accounting and playing the rules.
Conclusion? LEARN. Buy a book, go to a seminar, start early. Practice. Start small. Start.