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Wealthy Dad, Poor Dad is an absolute juggernaut of a guide–it’s been on the bestseller lists for so long as I bear in mind. I re-read this guide yesterday. Man, there are some actually nice factors, like how wealthy individuals earn money work for them and the way everybody else works for cash. The primary chapter is pure magic–learn it. Considered one of my favourite quotes is from his Wealthy Dad:
Most individuals by no means research the topic [money]. They go to work, get their paycheck, steadiness their checkbooks, and that’s it. On prime of that, they surprise why they’ve cash issues. Few notice that it’s their lack of economic schooling that’s the drawback.
He takes a dim view of people that blindly make choices with out stopping to ask themselves why:
A pal of mine in Hawaii is a superb artist. He makes a large sum of money. At some point his mom’s legal professional known as to inform him that she had left him $35,000. That is what was left of her property after the legal professional and the federal government took their shares. Instantly, he noticed a possibility to extend his enterprise through the use of a few of this cash to promote. Two months later, his first four-color, full-page advert appeared in an costly journal that focused the very wealthy. The advert ran for 3 months. He obtained no replies from the advert, and all of his inheritance is now gone. He now needs to sue the journal for misrepresentation.
This can be a frequent case of somebody who can construct a stupendous hamburger, however is aware of little about enterprise. Once I requested him what he discovered, his solely reply was that “promoting salespeople are crooks.” I then requested if he could be keen to take a course in gross sales and a course in direct advertising. His reply, “I don’t have the time, and I don’t wish to waste my cash.”
The guide does a implausible job educating how to consider work and cash. Its early components are a number of the finest I’ve learn.
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