RICH DAD, POOR DAD

One of the reasons the rich get richer, the poor get poorer, and the middle class struggle in debt is because the subject of money is taught at home, not in school. Most of us learn about money from our parents.
So what can a poor parent tell their child about money? They simply say "Stay in school and study hard." The child may graduate with excellent grades but with a poor person's financial programming and mind-set. It was learned while the child was young.
Money is not taught in schools. Schools focus on scholastic and professional skills, but not on financial skills.
This explains how smart bankers, doctors and accountants who earned excellent grades in school may still struggle financially all of their lives.


For example, one dad says, "I can't afford it."
 The other dad insists on saying, "How can I afford it?"

 One is a statement, and the other is a question.
One lets you off the hook, and the other forces you to think.

by automatically saying the words "I can't afford it," your brain stops working.
By asking the question "How can I afford it?" your brain is put to work.

 It is not much different from a person who goes to the gym to exercise on a regular basis versus someone who sits on the couch watching television.
Proper physical exercise increases your chances for health, and proper mental exercise increases your chances for wealth. Laziness decreases both health and wealth.


One dad thought that the rich should pay more in taxes to take care of those less fortunate.
The other said, "Taxes punish those who produce and reward those who don't produce."

One dad recommended, "Study hard so you can find a good company to work for."
The other recommended, "Study hard so you can find a good company to buy."

One dad said, "The reason I'm not rich is because I have you kids."
The other said, "The reason I must be rich is because I have you kids."

One encouraged talking about money and business at the dinner, table.
The other forbade the subject of money to be discussed over a meal.

One said, "When it comes to money, play it safe, don't take risks."
The other said, "Learn to manage risk."

One believed, "Our home is our largest investment and our greatest asset."
The other believed, "My house is a liability, and if your house is your largest investment, you're in trouble."

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

One dad struggled to save a few dollars.
The other simply created investments.

One dad taught me how to write an impressive resume so I could find a good job.
The other taught me how to write strong business and financial plans so I could create jobs.

people really do shape their life through their thoughts.

"There is a difference between being poor and being broke. - Broke is temporary, and poor is eternal."

A Lesson From Robert Frost's "the Road Not Taken"
 Two roads diverged in a wood, and I took the one less traveled by, And that has made all the difference.

Money is one form of power.
But what is more powerful is financial education.
Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.

The reason positive thinking alone does not work is because most people went to school and never learned how money works, so they spend their lives working for money.


"You're only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. Keep going. Don't quit."