Monday, June 8, 2009

How to become & remain rich

This spake Robert T. Kiyosaki:

I suspect there will be many booms and busts in the next 25 years ... I am concerned that too many people are focused on money and not their greatest wealth, which is their education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer through the changes. If they think money will solve problems, I am afraid those people will have a rough ride. Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.

Most people fail to realize that in life, it's not how much money you make, it's how much money you keep.

Yeah! You got that right! Robert Kiyosaki is the same person who claimed, "Th[e] pattern of treating your home as an investment and the philosophy that a pay rise means you can buy a larger home or spend more is the foundation of today's debt-ridden society."

Both the above extracts are from his book, Rich Dad, Poor Dad. This was written in 1997.

People would do well to read Rich Dad, Poor Dad instead of The Secret.

'The Secret' baffles me ... I find the relation between our sub-conscious and all-giving universe rather tenuous. (Opportunities seem to open up when you practice the secret; but did it open up because you kept your eyes open as you were aware of your goals or because the abundant universe decided to gift you with opportunities since you focused on your desires?)

'Rich Dad, Poor Dad' on the other hand is down to earth and makes lot more sense.

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