Monday, July 28, 2008

Lesson #1

According to Robert Kiyosaki, author of Rich Dad, Poor Dad, one of the most important lessons he learned from his Rich Dad was:

Lesson #1 Rich people don't work for money.

It never ceases to amaze me how the middle class view work and wages. If you work a job, you get an hourly wage. If you have "good" wages and work a standard 40 hour work week than you can make a decent income.

What about when the dollar doesn't keep up with inflation? Rising gas costs? Higher Mortgage payments? What about sudden changes in health? Is that dollar guaranteed or protected?


"Most people have a price. And they have a price because of human emotions named fear and greed. First, the fear of being without money motivates us to work hard, and then once we get that paycheck, greed or desire starts us thinking about all the wonderful things that money can buy. The pattern is then set."

"What pattern?"

"The pattern of get up, go to work, pay bills, get up, go to work, pay bills...Their lives are then run forever by two emotions, fear and greed. Offer them more money, and they continue the cycle by also increasing their spending. This is what I call the Rat Race."

-Rich Dad, Poor Dad

The whole thing is about getting stronger mentally and emotionally. Money doesn't feed the need. Educate yourself and sharpen the tools in your tool box, and get better at what you do. Knowledge is far better than money.....and only than will you truly leave the Rat Race! Quit letting money control you...and take control of your own life!

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