There are three types of people in this world. Those who are willing to put themselves out there; to show the world who they truly are. There are those who DO show the world, but then they quit because of criticism. Then, there are the losers who are unwilling to even take the shot because... Continue Reading →
Rich Dad Poor Dad | S5 – E15 | Many Financial Problems are Caused by Keeping Up with The Joneses
No, this isn't the Gary Vee rant. This is what Robert Kiyosaki wrote in his book decades ago. That is why my educated dad said the Japanese valued the power of the mirror the most, for it is only when we look into it that we find truth. Fear is the main reason that people... Continue Reading →
Rich Dad Poor Dad | S5 – E13 | Understanding | Get Rich Quick? TERRIBLE Decision
The reason I started with the story of the richest men in Americais to illustrate the flaw in believing that money will solve all problems. That is why I cringe whenever I hear people ask me how to get rich quicker, or where they should start. I often hear, “I’m in debt, so I need... Continue Reading →
Rich Dad Poor Dad | S5 – E12 | Assets vs. Liabilities | What’s Your Cash-flow Pattern?
Are you a poor, middle, or rich cash-flow possessing individual? Well, let me try to break this down in blog form. If you want the amazing podcast, make sure you scroll down to the bottom for it. Cash-flow of a poor person Your job gives you your salary, which then goes to your expenses: taxes,... Continue Reading →
Rich Dad Poor Dad | S5 – E11 | Assets vs. Liabilities | Cash-flow Pattern of an Asset
Rich dad believed in the KISS principle—Keep It Simple, Stupid (or Keep It Super Simple)—so he kept it simple for us, and that made our financial foundation strong. So what causes the confusion? How could something so simple be so screwed up? Why would someone buy an asset that was really a liability? The answer... Continue Reading →
Rich Dad Poor Dad | S5 – E10 | The Broken American School System
Our school system, created in the Agrarian Age, still believes in homes with no foundation. Dirt floors are still the rage. So kids graduate from school with virtually no financial foundation. One day, sleepless and deep in debt in suburbia, living the American Dream, they decide that the answer to their financial problems is to... Continue Reading →
Rich Dad Poor Dad | S5 – E9 | A Job is a Short-term Solution to a Long-term Problem
“Remember what I said before: A job is only a short-term solution to a long-term problem. Most people have only one problem in mind, and it’s short-term. It’s the bills at the end of the month, the Tar Baby. Money controls their lives, or should I say the fear and ignorance about money controls it.... Continue Reading →
Rich Dad Poor Dad | S5 – E8 | Should Prices Go Up?
“Because it is ignorance about money that causes so much greed and fear,” said rich dad. “Let me give you some examples. A doctor, wanting more money to better provide for his family, raises his fees. By raising his fees, it makes health care more expensive for everyone. It hurts the poor people the most,... Continue Reading →
Rich Dad Poor Dad: S5 – E3 – The Beginning to Using the Mind
Being a product of two strong dads allowed me the luxury of observing the effects different thoughts have on one’s life. I noticed that people really do shape their lives through their thoughts. For example, my poor dad always said, “I’ll never be rich.” And that prophecy became reality. My rich dad, on the other... Continue Reading →
Rich Dad Poor Dad: S5 – E2 – Take Risks or Play it Safe?
Although both dads worked hard, I noticed that one dad had a habit of putting his brain to sleep when it came to finances, and the other had a habit of exercising his brain. The long-term result was that one dad grew stronger financially, and the other grew weaker. It is not much different from... Continue Reading →