Rich Dad Poor Dad: Introduction | Billionaire Mentor - BM

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Friday, 31 January 2020

Rich Dad Poor Dad: Introduction | Billionaire Mentor

Introduction:


Having two dads gave me a choice of opposite points: a rich man and a poor man.

I had two fathers, one rich and one poor.  One was highly educated and intelligent.  Hehad a Ph.D.  And completed four years of undergraduate work in less than two years.  He then worked at Stanford University, the University of Chicago and Northwestern University on a full financial scholarship in addition to his advanced studies.  The second father never finished eighth grade.

Both men were successful in their careers, working hard throughout their lives.  Both have been earned.  Yet one always struggled financially.  The other would become one of the richest men in Hawaii.  One left tens of millions of dollars for his family, charities and his church.  Other remaining bills are to be paid.

Both men were strong, charismatic and influential.  Both men advised me, but they did not recommend similar things.  Both men strongly believed in education but did not recommend the same course of study.

If I had only one father, I would have to accept or reject his advice.  After two dad'sfurf I got a choice of odd points of view: a rich man and a poor man.

Instead of accepting or rejecting only one or the other, I thought of myself as thinking more, comparing, and then choosing for myself.  The problem was that the rich man was not yet rich, and the poor man was not yet poor.  Both were beginning their careers, and both were struggling with money and families.  But they had very different approaches to money.

For example, a father used to say, "The love of money is the root of all evil."  The other said, "Lack of money is the root of all evil."

As a young boy, it was difficult to have two strong fathers who influenced me.  I wanted to be an agreeable son and listen, but both fathers did not say the same things.  Contrary to his point of view, especially about money, was so extreme that I became inquisitive and spontaneous.  I began starts thinking for a long time about what each person was saying.

Most of my personal time was reflected by asking myself questions such as, "Why say that?"  And then ask the same question from the other father's statement.  It would be very easy to say, "Yes, that's right.  I agree with this  "Or can simply reject the point of view by saying," The old person does not know what he is talking about.  "Instead, two dads that I loved force me to think and finally choose a way of thinking for myself. As a process, accepting only one approach to choosing myself  Turns out to be more valuable for longer runs than doing or rejecting.

One reason for the rich to get rich, the poor get poorer, and the middle class is indebted is that the subject of money is taught at home, not at school.  Most of us learn about money from our parents.  So what can poor parents tell their child about money?  They simply say, "Stay in school and work hard."  The child may graduate with excellent grades, but with the financial programming and brains of a poor person.

Sadly, money is not taught in schools.  The schools focus on scholastic and professional skills, but not financial skills.  It describes how excellent bankers, doctors, and accountants who have achieved excellent grades may struggle financially throughout their lives.  Our staggering national debt is due to the bulk of highly educated politicians and government officials who have little or no training in the subject of money.

Today I often wonder when we will have millions of people who will get needy and medical help.  They will depend on improvement for their family or financial support.  What happens when there is a shortage of Medicare and Social Security money?  If a nation will survive by teaching children about money, what will happen to most of the parents, or are already poor?

Because I had two influential fathers, I learned from them both.  I had to think about each person's advice, and to do so, I gained valuable insights into the power and impact on a person's life.  For example, a father had a habit of saying, "I can't tolerate this."  The guardian refused to use those words.  He insisted that I might ask, "How can I afford it?"  One is surprising, and the other is a question.  One lets you take the hook off, and the other forces you to tap.  My soon-to-be-happy dad explains that by automatically saying the words "I can't remove it", your brain stops working.  By asking the question "How can I tolerate this?"  He did not mean that you should buy everything you want.  He was fanatical about using your brain, the world's most powerful computer.  He says, "My brain gets stronger every day because I practice it. The stronger it is, the more money it can make." He believed that to say "I can't stand it  Was a sign of mental laziness.

Although, both dads worked hard, I noticed that one dad had a habit of tossing his brain when it came to finances, and the other had a habit of exercising his brain.  The long-term consequence was that one father was financially strong, and the other weak.  This is no different than a man who regularly goes to the gym to exercise camouflage, who sits on the couch on television.  Proper physical exercise increases your will for health, and proper mental exercise increases your chances of wealth.

Two of my fathers opposed the attitude and this affected their way of thinking.  However, the rich should pay more in taxes to take care of those less fortunate.  Another said, "Taxes punish those who do not produce and reward those who do not produce."

One father recommended, "Work hard so that you can find a good company to work with."  The other said, "Study hard so that you can find a good company to buy."

One father said, "I am not rich, because I have your children."  The other said, "I need to be rich because I have your children."

One encouraged to talk about money and business at the dinner table, while the other discussed the topic of money being discussed at the meal.

One said, "When it comes to money, play it safely. Don't take other risks." Another said, "Learn to manage risk."

One believed, "Our house is our biggest investment and our biggest asset."  The other's belief is, "My house is a liability, and if your house is your biggest investment, then you are excellent."

Both dads paid their bills on time, yet one paid their bills first, while the other paid their bills.

A father believed in a company or government that took care of you and your needs.  There are always concerns about salary increases, retirement plans, medical benefits, sick leave, vacation days and other perks.  He was influenced by his two uncles, who joined the subject matter and earned a retirement-and-eligibility package for life after twenty years of activism.  He loved the idea of ​​medical benefits and PX privileges that the military conferred on his ally.  He also loved the tenure system available through the university.  The idea of ​​job protection was often more important for life and job benefits than for the job.  He said, "I have worked hard for the government, and I am entitled to these benefits."

Others believed in total financial self-sufficiency.  He spoke out against the entitled mindset and how it made the weak and the financially needy people.  He was empowered about being financially competent.

A father struggled to save a few dollars.  The other one invested.  A father taught me an impressive resume writing so that I could get a good job.  Another taught me how to have strong business and financial plans so that I could generate employment.

Being the product of two strong dad's, I was able to observe different effects on a person's life.  I noticed that people really let their thoughts shape their lives.

For example, my poor father always said, "I will never be rich."  My rich father, on the other hand, always called himself rich.  He says, "I'm a rich man, and rich people don't do that."  Even when he was flat he suffered a major financial setback, he continued to refer to himself as a rich man.  He exposed himself by saying, "There is a difference between being poor and being broken."  Temporary Temporary.  Poor thing is eternal.  "

My poor dad used to say, "I'm not interested in money," or "Money doesn't matter."  My nobles always used to say, "Money is power."

The power of our thoughts can never be measured or appreciated, but as a young boy it is clearly easy to know how important it is to be aware of my thoughts and how I expressed myself.  I noticed that my poor father was poor, not because of the money he earned, which was important, but because of his thoughts and actions.  As a young boy who had two fathers, I knew to be careful about which ideas I preferred to adopt.  Should I listen to my rich father or my poor father?

Although both men had tremendous respect for education and learning, they disagreed that learning was important to them.  One wanted me to study hard, get a degree and forget a good job to earn money.  He wanted me to study to become a professional, a lawyer, an accountant, and attend business school for my MBA.  The other encouraged me to be rich, to understand how money works, and to learn how it works for me.  "I do not work for money!"  Those were the words he used to repeat over and over.  "Money works!"

At the age of nine, I decided to listen and learn from my rich father about money.  To do, I did not listen to my poor father, even though he was with all my great peers.

There is a difference between being poor and being broken.  Broke is temporary.  Poor is-eternal.

A text by Robert frost

Robert Frost is my favorite poet.  Although I love many of his poems, my favorite is "The Road Not Taken".  I use its text almost daily.

Different route

two roads diverged in a yellow wood,

And sorry i couldn't travel both

And be a traveler, for a long time I stood

And one looked down as far as i could

Where it is folded into the underground;

Then the other one also, as considered appropriate,

And perhaps claiming better,

Because it was grass and wanted to wear

Though it will have to go through there

Actually wore them about the same,

And both lay equally in the morning

None of the steps were black in the leaves.

Oh, I kept the first for another day!

Yet knowing how the paths lead,

I doubted if I should ever come back.

I'm saying this with a sigh

Some age and some era;

Two roads came out in a wood, and I

I came on a short trip,

And that has made all the difference.

And that has made all the difference.

Over the years, I have often considered the poetry of Robert Frost.  Not listening to the advice of a highly educated father and attitude about money was a painful decision, but it was a decision that shaped the rest of my life.

Once I made up my mind about whom to listen to, my education about money began.  My nobles taught me for 30 years until I was 39 years old.  He stopped once he knew that I knew him and fully understood that he was trying to drum into my often-plump.

Money is a form of power.  But what is more powerful is financial education.  Money goes more, but if you have an education about how money works, you get a power overt and can start building wealth.  Positive thinking alone does not work because most people went to school and have never learned how money works, so they spend money living.

Because I was only nine years old when I started, my rich father taught me were simple.  And when it was all said and done, there were only six main lessons, which were repeated in 30 years.  This book is about those six lessons, say it in as easy words as possible, like as my rich dad put those lessons in front of me.  Lessons are not there to answer, but guideposts that will help you and your children become rich, whatever the world of change and uncertainty.