My Dad

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Without self-discipline, you wouldn’t know how to manage a million dollars if you were to receive it. Wealth is a person’s ability to survive so many number of days forward– or, if I stopped working today, how long could I survive?”

Robert said this was also true for him in real estate. He said he could find about four to five excellent properties a day, whereas others may look and find none. It’s vital to learn the subject of accounting if your long-term goal is to be rich – no matter how boring you think the topic is. When companies downsize, employees often blame the owners for being unfair. In a news story he saw, Robert Kiyosaki shares, “A terminated manager of about 45 years of age had his wife and two babies at the plant and was begging the guards to let him talk to the owners to ask if they would reconsider his termination. He had just bought a house and was afraid of losing it.” Inside of us is both someone brave and someone who will get on their knees and beg. The financial struggle often comes from bad habits. You need to pay yourself first. Otherwise, you likely won’t be left with anything after paying your bills. That’s because if you pay yourself first and fail to have enough money left over for bills, you’ll need to find new ways to earn more money. It becomes a motivator– especially when debt collectors start calling.The rich put their money into a corporation. Their asset puts income into their corporation, and then corporate income can be used as income for their personal income statement. And the expenses from their personal income statement can go into the expenses for the corporation. Even though the masses continuously try to find ways to tax the rich, the rich consistently outsmart them. In the future, we’ll be seeing a rise in successful companies being created but also a surge in companies failing– downsizing and laying off employees. It’s better to be making millions from the assets you build than aiming to get a raise. This period is a great era to be building assets. Poor people will often tip restaurant servers 15-20 percent even with lousy service but get mad when they need to pay a broker three to seven percent.

I really enjoyed listening to video. I must say I am so guilty of just telling the story, just reading the words rather than exploring books with Harry. I really should try and take more time.My rich dad just played the game smart, and he did it through corporations– the biggest secret of the rich.”