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Sunday, January 31st, 2010
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| 12:59a |
He and his wife are wealthier than you could... He and his wife are wealthier than you could imagineRich dad's empire is in great hands, and Mike is now grooming his son to take his place, as his dad had groomed us In 1994, I retired at the age of 47, and my wife, Kim, was 37Retirement does not mean not workingTo my wife and me, it means that barring unforeseen cataclysmic changes, we can work or not work, and our wealth grows automatically, staying way ahead of inflationI guess it means freedomThe assets are large enough to grow by themselvesIt's like planting a treeYou water it for years and then one day it doesn't need you anymoreIt's roots have gone down deep enoughThen, the tree provides shade for your enjoyment Mike chose to run the empire and I chose to retire Whenever I speak to groups of people, they often ask what I would recommend or what could they do? "How do they get started?" "Is there a good book I would recommend?" "What should they do to prepare their children?" "What is the secret to hermes bags success?" "How do I make millions?" I am always reminded of this article I was once given THE RICHEST BUSINESSMEN In 1923 a group of our greatest leaders and richest businessmen held a meeting at the Edgewater Beach hotel in ChicagoAmong them were Charles Schwab, head of the largest independent steel company; Samuel Instill, president of the world's largest utility; Howard Hopson, head of the largest gas company; Ivar Kreuger president of the International Match Co one of the world's largest companies at that time; Leon Frazier, president of the Bank of International Settlements; Richard Whitney, president of the New York Stock Exchange; Arthur Cotton and Jesse Livermore, two of the biggest stock speculators; and Albert Fall, a member of President Harding's cabinetTwenty five years later nine of them (those listed above) ended as followsSchwab died penniless after living for five years on borrowed moneyInstill died broke living in a foreign landKreuger imitation chanel handbag and Cotton also died brokeWhitney and Albert Fall were just released from prisonFraser and Livermore committed suicide I doubt if anyone can say what really happened to these menIf you look at the date, 1923, it was just before the 1929 market crash and the Great Depression, which I suspect had a great impact on these men and their livesThe point is this: Today we live in times of greater and faster change than these men didI suspect there will be many booms and busts in the next 25 years that will parallel the ups and downs these men facedI am concerned that too many people are focused too much on money and not their greatest wealth, which is their educationIf people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer through the changesIf they think money will solve problems, I am afraid those people will have a rough rideIntelligence solves problems and produces moneyMoney without financial intelligence is money prada fairy bag replica soon gone Most people fail to realize that in life, it's not how much money you make, it's how much money you keepWe have all heard stories of lottery winners who are poor, then suddenly rich, then poor againThey win millions and are soon back to where they startedOr stories of professional athletes, who, at the age of 24, are earning millions of dollars a year, and are sleeping under a bridge by age 34In the paper this morning, as I write this, there is a story of a young basketball player who a year ago had millionsToday, he claims his friends, attorney and accountant took his money, and now he works at a car wash for minimum wageHe was fired from the car wash because he refused to take off his championship ring as he was wiping off the cars, so his story made the newspaperHe is appealing his termination, claiming hardship and discrimination and that the ring is all he has leftHe claims that if you take that away, he'll crumble In 1997, I know so many miu miu charm bag people who are becoming instant millionairesIt's the Roaring '20s one more timeAnd while I am glad people have been getting richer and richer, I only caution that in the long run, it's not how much you make, it's how much you keep, and how many generations you keep it So when people ask, "Where do I get started?" or "Tell me how to get rich quick," they often are greatly disappointed with my answerI simply say to them what my rich dad said back to me when I was a little kid"If you want to be rich, you need to be financially literate That idea was drummed into my head every time we were togetherAs I said, my educated dad stressed the importance of reading books, while my rich dad stressed the need to master financial literacy If you are going to build the Empire State Building, the first thing you need to do is dig a deep hole and pour a strong foundationIf you are going to build a home in the suburbs, all you need to do is pour a 6-inch slab of chanel bag gold chain concr | | 12:59a |
Rich dad's empire is in great hands, and Mike is... Rich dad's empire is in great hands, and Mike is now grooming his son to take his place, as his dad had groomed us In 1994, I retired at the age of 47, and my wife, Kim, was 37Retirement does not mean not workingTo my wife and me, it means that barring unforeseen cataclysmic changes, we can work or not work, and our wealth grows automatically, staying way ahead of inflationI guess it means freedomThe assets are large enough to grow by themselvesIt's like planting a treeYou water it for years and then one day it doesn't need you anymoreIt's roots have gone down deep enoughThen, the tree provides shade for your enjoyment Mike chose to run the empire and I chose to retire Whenever I speak to groups of people, they often ask what I would recommend or what could they do? "How do they get started?" "Is there a good book I would recommend?" "What should they do to prepare their children?" "What is the secret to success?" "How do I make millions?" I am always reminded of pasha de cartier 32 mm steel this article I was once given THE RICHEST BUSINESSMEN In 1923 a group of our greatest leaders and richest businessmen held a meeting at the Edgewater Beach hotel in ChicagoAmong them were Charles Schwab, head of the largest independent steel company; Samuel Instill, president of the world's largest utility; Howard Hopson, head of the largest gas company; Ivar Kreuger president of the International Match Co one of the world's largest companies at that time; Leon Frazier, president of the Bank of International Settlements; Richard Whitney, president of the New York Stock Exchange; Arthur Cotton and Jesse Livermore, two of the biggest stock speculators; and Albert Fall, a member of President Harding's cabinetTwenty five years later nine of them (those listed above) ended as followsSchwab died penniless after living for five years on borrowed moneyInstill died broke living in a foreign landKreuger and Cotton also died brokeWhitney and Albert Fall were just released mulberry bayswater bag from prisonFraser and Livermore committed suicide I doubt if anyone can say what really happened to these menIf you look at the date, 1923, it was just before the 1929 market crash and the Great Depression, which I suspect had a great impact on these men and their livesThe point is this: Today we live in times of greater and faster change than these men didI suspect there will be many booms and busts in the next 25 years that will parallel the ups and downs these men facedI am concerned that too many people are focused too much on money and not their greatest wealth, which is their educationIf people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer through the changesIf they think money will solve problems, I am afraid those people will have a rough rideIntelligence solves problems and produces moneyMoney without financial intelligence is money soon gone Most people fail to realize that in life, it's not how much money you vintage fake rolex watches make, it's how much money you keepWe have all heard stories of lottery winners who are poor, then suddenly rich, then poor againThey win millions and are soon back to where they startedOr stories of professional athletes, who, at the age of 24, are earning millions of dollars a year, and are sleeping under a bridge by age 34In the paper this morning, as I write this, there is a story of a young basketball player who a year ago had millionsToday, he claims his friends, attorney and accountant took his money, and now he works at a car wash for minimum wageHe was fired from the car wash because he refused to take off his championship ring as he was wiping off the cars, so his story made the newspaperHe is appealing his termination, claiming hardship and discrimination and that the ring is all he has leftHe claims that if you take that away, he'll crumble In 1997, I know so many people who are becoming instant millionairesIt's the Roaring '20s one more timeAnd while I dior saddle am glad people have been getting richer and richer, I only caution that in the long run, it's not how much you make, it's how much you keep, and how many generations you keep it So when people ask, "Where do I get started?" or "Tell me how to get rich quick," they often are greatly disappointed with my answerI simply say to them what my rich dad said back to me when I was a little kid"If you want to be rich, you need to be financially literate That idea was drummed into my head every time we were togetherAs I said, my educated dad stressed the importance of reading books, while my rich dad stressed the need to master financial literacy If you are going to build the Empire State Building, the first thing you need to do is dig a deep hole and pour a strong foundationIf you are going to build a home in the suburbs, all you need to do is pour a 6-inch slab of concreteMost people, in their drive to get rich, are trying to build an Empire State Building on a 6-inch coco chanel earrings s | | 12:59a |
The assets are large enough to grow by... The assets are large enough to grow by themselvesIt's like planting a treeYou water it for years and then one day it doesn't need you anymoreIt's roots have gone down deep enoughThen, the tree provides shade for your enjoyment Mike chose to run the empire and I chose to retire Whenever I speak to groups of people, they often ask what I would recommend or what could they do? "How do they get started?" "Is there a good book I would recommend?" "What should they do to prepare their children?" "What is the secret to success?" "How do I make millions?" I am always reminded of this article I was once given THE RICHEST BUSINESSMEN In 1923 a group of our greatest leaders and richest businessmen held a meeting at the Edgewater Beach hotel in ChicagoAmong them were Charles Schwab, head of the largest independent steel company; Samuel Instill, president of the world's largest utility; Howard Hopson, head of the largest gas company; Ivar Kreuger president of the gucci bag replica International Match Co one of the world's largest companies at that time; Leon Frazier, president of the Bank of International Settlements; Richard Whitney, president of the New York Stock Exchange; Arthur Cotton and Jesse Livermore, two of the biggest stock speculators; and Albert Fall, a member of President Harding's cabinetTwenty five years later nine of them (those listed above) ended as followsSchwab died penniless after living for five years on borrowed moneyInstill died broke living in a foreign landKreuger and Cotton also died brokeWhitney and Albert Fall were just released from prisonFraser and Livermore committed suicide I doubt if anyone can say what really happened to these menIf you look at the date, 1923, it was just before the 1929 market crash and the Great Depression, which I suspect had a great impact on these men and their livesThe point is this: Today we live in times of greater and faster change than these men didI suspect there will be many booms and busts new cartier watches in the next 25 years that will parallel the ups and downs these men facedI am concerned that too many people are focused too much on money and not their greatest wealth, which is their educationIf people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer through the changesIf they think money will solve problems, I am afraid those people will have a rough rideIntelligence solves problems and produces moneyMoney without financial intelligence is money soon gone Most people fail to realize that in life, it's not how much money you make, it's how much money you keepWe have all heard stories of lottery winners who are poor, then suddenly rich, then poor againThey win millions and are soon back to where they startedOr stories of professional athletes, who, at the age of 24, are earning millions of dollars a year, and are sleeping under a bridge by age 34In the paper this morning, as I write this, there is a story of a young chanel earrings basketball player who a year ago had millionsToday, he claims his friends, attorney and accountant took his money, and now he works at a car wash for minimum wageHe was fired from the car wash because he refused to take off his championship ring as he was wiping off the cars, so his story made the newspaperHe is appealing his termination, claiming hardship and discrimination and that the ring is all he has leftHe claims that if you take that away, he'll crumble In 1997, I know so many people who are becoming instant millionairesIt's the Roaring '20s one more timeAnd while I am glad people have been getting richer and richer, I only caution that in the long run, it's not how much you make, it's how much you keep, and how many generations you keep it So when people ask, "Where do I get started?" or "Tell me how to get rich quick," they often are greatly disappointed with my answerI simply say to them what my rich dad said back to me when I was a little kid"If you want to be fake louis vuitton wallet rich, you need to be financially literate That idea was drummed into my head every time we were togetherAs I said, my educated dad stressed the importance of reading books, while my rich dad stressed the need to master financial literacy If you are going to build the Empire State Building, the first thing you need to do is dig a deep hole and pour a strong foundationIf you are going to build a home in the suburbs, all you need to do is pour a 6-inch slab of concreteMost people, in their drive to get rich, are trying to build an Empire State Building on a 6-inch slab Our school system, having been created in the Agrarian Age, still believes in homes with no foundationDirt floors are still the rageSo kids graduate from school with virtually no financial foundationOne day, sleepless and deep in debt in suburbia, living the American Dream, they decide that the answer to their financial problems is to find a way to get rich quick Construction on the skyscraper white chanel bag begin | | 12:59a |
He claims that if you take that away, he'll... He claims that if you take that away, he'll crumble In 1997, I know so many people who are becoming instant millionairesIt's the Roaring '20s one more timeAnd while I am glad people have been getting richer and richer, I only caution that in the long run, it's not how much you make, it's how much you keep, and how many generations you keep it So when people ask, "Where do I get started?" or "Tell me how to get rich quick," they often are greatly disappointed with my answerI simply say to them what my rich dad said back to me when I was a little kid"If you want to be rich, you need to be financially literate That idea was drummed into my head every time we were togetherAs I said, my educated dad stressed the importance of reading books, while my rich dad stressed the need to master rolex watch knock off financial literacy If you are going to build the Empire State Building, the first thing you need to do is dig a deep hole and pour a strong foundationIf you are going to build a home in the suburbs, all you need to do is pour a 6-inch slab of concreteMost people, in their drive to get rich, are trying to build an Empire State Building on a 6-inch slab Our school system, having been created in the Agrarian Age, still believes in homes with no foundationDirt floors are still the rageSo kids graduate from school with virtually no financial foundationOne day, sleepless and deep in debt in suburbia, living the American Dream, they decide that the answer to their financial problems is to find a way to get rich quick Construction on the skyscraper beginsIt goes up quickly, and soon, instead of miu miu clutch the Empire State Building, we have the Leaning Tower of SuburbiaThe sleepless nights return As for Mike and me in our adult years, both of our choices were possible because we were taught to pour a strong financial foundation when we were just kids Now, accounting is possibly the most boring subject in the worldIt also could be the most confusingBut if you want to be rich, long term, it could be the most important subjectThe question is, how do you take a boring and confusing subject and teach it to kids? The answer is, make it simpleTeach it first in pictures My rich dad poured a strong financial foundation for Mike and meSince we were just kids, he created a simple way to teach usFor years he only drew pictures and used wordsMike and I understood the simple drawings, the jargon, the omega speedmaster day date movement of money, and then in later years, rich dad began adding numbersToday, Mike has gone on to master much more complex and sophisticated accounting analysis because he has had toHe has a billion-dollar empire to runI am not as sophisticated because my empire is smaller, yet we come from the same simple foundationIn the following pages, I offer to you the same simple line drawings Mike's dad created for usThough simple, those drawings helped guide two little boys in building great sums of wealth on a solid and deep foundationYou must know the difference between an asset and a liability, and buy assetsIf you want to be rich, this is all you need to knowThis may sound absurdly simple, but most people have no idea how profound this rule isMost people struggle financially because they do not rolex ladies watches know the difference between an asset and a liability "Rich people acquire assetsThe poor and middle class acquire liabilities, but they think they are assets" When rich dad explained this to Mike and me, we thought he was kiddingHere we were, nearly teenagers and waiting for the secret to getting rich, and this was his answerIt was so simple that we had to stop for a long time to think about it "What is an asset?" asked Mike "Don't worry right now," said rich dad"Just let the idea sink inIf you can comprehend the simplicity, your life will have a plan and be financially easyIt is simple; that is why the idea is missed "You mean all we need to know is what an asset is, acquire them and we'll be rich?" I asked Rich dad nodded his head "If it's that simple, how come everyone is not rich?" I rolex watches ladies a |
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