My third lesson from Rich Dad, reminds me of a comment that was making waves in the political environment in Ghana some months ago. The well like " Di wu fie asem" by Prez.Atta Mills,which translated literally means "Mind your own business". Well, Rich Dad also tells us to mind our own business!So what that this mean?
“The secret is:
"Mind your own business” Financial struggle is often directly the result
of people
working all
their life for someone else. Many people will have nothing at the end of their
working
days.”- Robert Kiyosaki
“There is a big
difference between your profession and your business. Often I ask people,
"What is your
business?" And they will say, "Oh I'm a banker." Then I ask them
if they own the bank? And they usually respond. "No, I work there." In that
instance, they have confused their profession with their business. Their
profession may be a banker, but they still
need their own business.”- Robert Kiyosaki
MIND YOUR OWN BUSINESS!
Mind your own
business,or better still put a business on your mind: There is nothing wrong
being an employee, everybody needs to
work for someone one way or the other,but whiles excelling in your
current profession seeks out other avenues to accumulate wealth. You can keep your day job and work all night to
develop a business that would pour in money whilst on your day job.It’s your boss duty to pay
you for a month, you need to pay yourself for life.At the end of the day,when
you are retired you cannot carry the company along!.It’s not your business.
Your business revolve
around your assets column,invest time there.As young Ghanaians, we need time to build an asset
column, before we leave home, get married,make babies and get trapped in the same financial
situations as our parents.We need to build a business that do not require our
presence, we own them but they are managed by others. We also need to invest in
stocks,bonds, mutual funds and royalties
from intellectual property such a music, script and books.
I now have two investment
account with leading financial service industries in Ghana,and working hard to
start a business by the end of much 2012. Watch out I would keep you
posted(lol)
“When I say mind
your own business, 1 mean to build and keep your asset column strong. Once a dollar goes into
it, never let it come out. Think of it this way, once a dollar goes into your
asset column, it
becomes your employee. The best thing about money is that it works 24 hours a
day and can work for
generations. Keep your daytime job, be a great hard-working employee, but keep building that asset
column.”-Robert Kiyosaki
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