Introduction

One of the reasons the rich get richer, the poor get poorer, and the middle class struggles in debt is that the subject of money is taught at home, not in school. Schools focus on scholastic and professional skills, but not on financial skills. This explains why smart bankers, doctors, and accountants who earned excellent grades may struggle financially.

 

“ Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”

- Robert Kiyosaki

The Rich Don’t Work For Money

Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.

 

If you can’t make up your mind decisively, then you’ll never learn to make money anyway. Opportunities come and go. Being able to know when to make quick decisions is an important skill.

The 2008 housing market crash was a clear message that your personal residence is not an asset. Not only does it not put money in your pocket, but we cannot count on the fact that it will go up in value. Many houses in 2017 are still worth less than they were in 2007.

Your financial genius requires both technical knowledge as well as courage. If fear is too strong, the genius is suppressed. Learn to take risks, to be bold, and to let your genius convert that fear into power and brilliance.

The 2008 housing market crash was a clear message that your personal residence is not an asset. Not only does it not put money in your pocket, but we cannot count on the fact that it will go up in value. Many houses in 2017 are still worth less than they were in 2007.

The Rich Invent Money

Your financial genius requires both technical knowledge as well as courage. If fear is too strong, the genius is suppressed. Learn to take risks, to be bold, and to let your genius convert that fear into power and brilliance.

  • Old ideas are the biggest liability
  • The more real you think money is, the harder you will work for it
  • The new wealth cannot be contained by boundaries and borders as lands and factories were.

The more real you think money is, the harder you will work for it. If you can grasp the idea that money is not real, you will grow rich faster

Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.

Work to learn – Don’t work for money

Job security meant everything to my educated dad. Learning meant everything to my rich dad. One lesson from a rich dad that has become crystal clear over the past 20 years is the importance of choosing teachers who have actually done what you want to do.

The number 1 fear among aging Americans is outliving their money


One of the brightest contributors to our ecosystem, Dhruv makes personal finance content exciting and digestible. Enthusiastic about all things behavioural finance, Dhruv is also moving the goalposts on the football field with his spectacular game.

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