Friday, June 5, 2009

Do Your Home Work If You Want To Be Rich

Robert Kiyosaki has written books which has caught my fancy. I had learnt basic financial intelligence from his widely celebrated best-selling title: Rich Dad, Poor Dad.
No. I don’t intend to say much about that book now. This one I want to talk about was released in 2001. I had seen the title on pages of specialized financial publications and heard about it on adverts.
I Eventually Got My Copy
Fortunately for me, I was able to raise the money to buy my personal copy in 2009. The lessons are as fresh as when it was first written in 2001. Think about words like ‘If you want to be rich, don’t go to school’. That is too radical for a juvenile mind to understand. What about this ‘If you want to be rich, do your home work’. Okay, if that one too is radical or difficult to understand what about this too ‘My banker don’t ask for my report card’. Then what does my banker ask for? He also went on to say ‘money does not make you rich’. Ooh! Then what makes one to be rich?
You may not have all the gist in this difficult to resist financial tips goldmine for anyone who desires true and winning financial success.

61 Insights For Your Home Work
These quotes are culled from the book ‘Rich Kid, Smart Kid’ . They will open your eyes to fully discover the secrets to financial success.

1. For the first time in history, many well-educated people are facing the same economic difficulties that less educated are facing.
2. In the industrial age, the rules were go to school, get good grades, find a safe, secure job with benefits, and stay there all your life.
3. In the information age, the rules are go to school, get good grades, find a job and then retrain yourself for that job.
4. To keep up with change, you need to relearn everything every 18 months
5. In the information age.what you learned is important, but not as important as how fast you ran learn, change, and adapt to new information
6. In the Industrial age, the smart kids went on to become doctors and lawyers. They made the big bucks.
7. In the Information age, the people who make the big bucks are the athletes, actor and musicians. Many of the doctors and other professional people are actually making less than they did in the Industrial age.
8. Instead of hoping to find a good job with a big company, more and more students are starting their own business in their dorm rooms.
9. Home schooling is no longer a fringe form of alternative education. Today, the number of kids being educated at home is increasing by 15%.
10. A person does not need to go to college to learn facts. He can learn them from books.
11. Imagination is more important than knowledge
12. Money is an idea
13. Financial intelligence is not about how much money you make, it’s about how much money you keep and how hard that money works for you.
14. Too many people work too hard for money and slowly kill themselves in the process
15. Too many people think about working harder rather than about how to have more fun and enjoy this great gift of life
16. 85% of a person’s success in life is due to ‘skill in human engineering’. The ability to communicate and get along with people is much more important than technical expertise
17. Your true education begins when you leave school
18. If you will study at your own pace and keep on learning, you will pass people who learn quickly but then stop learning.
19. Change a few ideas and you can gain power over money, rather than allowing money to have power over you
20. The rich don’t work for money
21. People who need money never really become rich.
22. You must work hard and learn to never need money
23. A journey of a thousand miles begins with the idea to make the journey
24. The more you need money, the less power you have over money
25. You can never teach a poor person to be rich. You can only teach a rich person to be rich
26. Many poor people are poor because they learn to be poor at home
27. Money does not make you rich
28. Never say, ‘ I can’t afford it’ but rather ‘How can I afford it’
29. If you want to be rich, you must do your home work
30. You don’t get rich at work. You get rich at home.
31. It’s at work where you earn your money. It is at home where you decide what you are going to do with your money.
32. It is what you do with your money after you earn it that makes you rich or poor
33. The primary difference between the rich, the poor, and the middle class is what they do in their spare time
34. A big paycheck does not make you rich. It is what you do with that paycheck that makes you rich
35. The more money most people make, the further in debt they get.
36. The future does not belong to the child who leaves school with the best grades. It belong to the child w3ith the best winning formula for learning and the freshest technical ideas.
37. If you want to be rich, you need to educate your brain to look for things that make you rich…….and a job will not make you rich
38. Schools do not teach the survival skills needed for today’s world
39. Don’t depend upon job security
40. Don’t expect the government to take care of your needs when you retire
41. ‘Bankers always ask for financial report
42. Good grades count in school, financial statements count in life
43. Many adults do not really look at their financial situation until they lose their job, have an accident, think about retirement, or until it’s too late
44. If you understand how financial statements really work, you will have more confidence over your finances.
45. People who lack financial literacy simply have less financial confidence.
46. Money alone does not make you rich just as a safe, secure job does not necessarily make you feel safe and secure
47. Savers are losers
48. God does not need to receive but humans need to give
49. God is my partner. If you don’t pay your partner, your partner stops working and you have to work ten times harder
50. If you want to be rich, you must know the difference between good debt and bad debt
51. Treat all debt you treat a loaded gun
52. Nothing is complicated if you use simple words
53. The first step to getting rich is to add financial words to your vocabulary
54. If you are truly serious about becoming rich, set a goal to learn one thousand financial words and you will be far richer than people who don’t use the same words
55. Too many people work for money just to survive rather than focusing on providing goods or services that make our civilized society better
56. You cannot expect to get rich if you go around looking for people to pay you for what you do
57. If you want to be rich, you need to think in terms of how many people you can serve
58. The more people you serve, the richer you become
59. When you focus your mind on making money only for yourself, you will find it difficult to become rich
60. More choices give you more opportunities to succeed
61. Success is the freedom to be who you are