Lesson 1: The Rich Don't Work For Money
At age 9, Robert Kiyosaki and his best friend Mike asked Mike's father (Rich Dad) to teach them how to make money. After 3 weeks of dusting cans in one of Rich Dad's convenience stores at 10 cents a week, Kiyosaki was ready to quit. Rich Dad pointed out this is exactly what his employees sounded like. Some people quit a job because it doesn't pay well. Others see it as an opportunity to learn something new.
WORK TO LEARN
Next Rich Dad put the two boys to work, this time for nothing. Doing this forced them to think up a source of income, a business scheme. The opportunity came to them upon noticing discarded comic books in the store. The first business plan was hatched. The boys opened a comic book library and employed Mike's sister at 1$ a week to mind it. Soon they were earning $9.50 a week without having to physically run the library, while kids read as much comics as they could in two hours after school for only a few cents.
In the process, Robert was taught the following lessons:
Don't accept mediocre circumstances just because they're handed to you.
Making more money doesn't help, if you don't have financial literacy. As income increases, most people increase their expenses, and end up with nicer stuff, but no more financial freedom than when they earned less.
Most of us become enslaved to money, and then get angry at our situation. Or at our boss. But our boss isn't the one exploiting us; we're exploiting ourselves (by trading time for money, and by working for money, instead of letting the money work for us).
According to Robert Kiyosaki's Rich Dad, "The poor and middle class work for money. The rich have money work for them."
 |
| Some people quit a job because it doesn't pay well. Others see it as an opportunity to learn something new |
At age 9, Robert Kiyosaki and his best friend Mike asked Mike's father (Rich Dad) to teach them how to make money. After 3 weeks of dusting cans in one of Rich Dad's convenience stores at 10 cents a week, Kiyosaki was ready to quit. Rich Dad pointed out this is exactly what his employees sounded like. Some people quit a job because it doesn't pay well. Others see it as an opportunity to learn something new.
WORK TO LEARN
Next Rich Dad put the two boys to work, this time for nothing. Doing this forced them to think up a source of income, a business scheme. The opportunity came to them upon noticing discarded comic books in the store. The first business plan was hatched. The boys opened a comic book library and employed Mike's sister at 1$ a week to mind it. Soon they were earning $9.50 a week without having to physically run the library, while kids read as much comics as they could in two hours after school for only a few cents.
In the process, Robert was taught the following lessons:
Don't accept mediocre circumstances just because they're handed to you.
Making more money doesn't help, if you don't have financial literacy. As income increases, most people increase their expenses, and end up with nicer stuff, but no more financial freedom than when they earned less.
 |
| The rich have money work for them." |
Most of us become enslaved to money, and then get angry at our situation. Or at our boss. But our boss isn't the one exploiting us; we're exploiting ourselves (by trading time for money, and by working for money, instead of letting the money work for us).
According to Robert Kiyosaki's Rich Dad, "The poor and middle class work for money. The rich have money work for them."
No comments:
Post a Comment