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My Rich Dad Journey
by: Kuzak Khan
Two years ago, a network marketer introduced me to Rich Dad Poor Dad by Robert Kiyosaki. The book is about him and his two dads. Rich Dad is his best friend's father. He teaches Robert the laws of the rich. Poor Dad is his real dad. He suffers from worry caused by financial ignorance.
At the time, the book fascinated me, and I devoured it. Strongly persuasive, the book had me believing I had gone the wrong route. At that time, I was in the middle years of my prized medical school career.
The self-employed, it had said, work hard and long, but do not get the financial education to keep their finances in order. The trap of a substantial portion of doctors, lawyers, and accountants derives from their unwillingness to hire advisors, or their consumption of depreciating goods necessary to maintain status. Time lost by single-minded concentration on the area of specialty restricts time made for a financial education.
The book made sense almost simplistically. If you want your finances perfected, get a financial education. The best financial education comes from being a businessperson and an investor, not a self-employed worker or employee. Intrigued by his message, I dabbled in network marketing, but soon after my little stint in business, my second year of medical school arrived, consuming most of my time and leaving little time for anything else, let alone a financial education.
Two years later, the third year of medical school had finished, and I needed to decide on a medical specialty. However, something was not right during my decision-making process. An indecisiveness had taken a hold of me, of which the cause eventually revealed itself. The problem was not which specialty to choose, but which occupation to choose. After working in the hospital, medicine no longer lured me.
I eventually came across The Cashflow Quadrant, the second book of the Rich Dad series. Quickly, I ravished almost all of the Rich Dad books. His path towards financial freedom made sense to me, and I am currently searching for the path of which he speaks.
A hundred thousand dollars in debt, medical school has crippled my finances; the transition from medical school to the real world will be a challenge. For now, I will do what Robert Kiyosaki suggests: make money from nothing. Affiliate marketing appealed to me for its large risk-reward ratio. The price of admission equals zero, but the opportunities for gaining a business education will be numerous.
Robert Kiyosaki's ability to inspire passion through books has few equals. I believe in his premise, which states that getting a financial education decreases the risk associated with businesses and investing. As evidence, Donald Trump and Warren Buffet, while exceptions, continue to succeed deal after deal and investment after investment - not because of luck, but because of what they know.
Robert Kiyosaki not only made me think about my finances, he outlined what I wanted to do with my life. He said that business owners work for assets, and assets increase the chance of achieving freedom from financial worries. The Millionaire Mind by Thomas Stanley confirms his premise; from its survey of millionaires, two-thirds owned their own business. As contrarians, many of the millionaires thought it too risky not to become an entrepreneur.
As for the start of my journey, I built a webpage to dig out the jewels from Robert Kiyosaki's books and separate it from the fool's gold (which occasionally mars his pristine principles). I have also done what I have always dreamed of doing; as a rabid reader of self-help books, I give my own perspective of what it takes to build human potential.
My Rich Dad journey continues. If I take the path handed to me, then whether I win or lose, I will have lost. If I take the path of my own choosing, then whether I win or lose, I will have won. I know it sounds like a contradiction, but its not. Although money is on everyone's minds, it's life that's really at stake and doing what you love that's really important.
Passion is everyone's forte, but not everyone uses it. As for Rich Dad Poor Dad, its siren's song continues to attract me. Visit my website to learn more, but beware of the song's dangerous lure.
------------------------------ Kuzak Kahn has created a website dedicated to the discussion of Rich Dad books, ideas, and principles. His website also includes several articles about developing business thinking tools. To read more about Rich Dad and the application of his principles, check out his website - Rich Dad Fans http://richdadfans.biz-whiz.com
Robert Kiyosaki, although it sounds strange, had two fathers.
Rich dad and poor dad.
Biological father, PhD, head of education for the State of Hawaii, had always not enough money
and died in debts. Second one, that left shool at the age of 13, realised his life plans and become
one of the most rich people on Hawaii.
Kiyosaki is best-known for his books on investing. His first bestseller was titled Rich dad poor dad , and is an attempt to change the mindset of the average employee. Kiyosaki talks about his "poor dad", his actual father, who had very little real net worth, as well as his "rich dad". According to Kiyosaki, his rich dad was his best friend's father who became very wealthy by investing his smaller income into income-producing investments, and became truly rich.
Kiyosaki uses the "rich dad, poor dad" comparison to illustrate his view that the majority of people are stuck in what he refers to as "the rat race" - living paycheck to paycheck and spending all of their time working to pay bills. In his books, Kiyosaki advocates tax-advantaged investment vehicles, such as real estate or businesses, rather than the traditional individual ownership of securities. He describes what he calls the cashflow quadrant, which is an attempt to differentiate between Employees, Self-employed or Small business owners, Businesspeople (as in those who buy and sell businesses, rather than running their own), and Investors.
Didactic games
In an attempt to open more minds to the thought processes of the rich, Kiyosaki has created several games to reinforce the points in his books. His first game, Cashflow 101
, teaches players how to get out of the rat race by acquiring assets that produce passive income in excess of expenses.
Cashflow 202
is a more advanced game which attempts to help players learn about more sophisticated investing strategies, such as stock options. Kiyosaki also targets adolescents with the game
Cashflow for Kids and his book Rich Kid, Smart Kid
.
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