LESSONS FROM RICH DAD

Were you ever thought anything about money at school? Was there ever a time that your teacher jumped into the class to teach you a topic called “Savings 101” or “How to Make Money in ten easy steps”? Certainly not, why? Because school does not teach us about money. Isn’t it funny? After spending so many years schooling the expected output is to apply the knowledge to make a living. So how do you learn about issues of money? Or better still where do you learn them from?

From the home, I guess! Or may be through the trial and error  means.

Today I would like to share with you some vital lessons on personal finance from one of the best selling personal finance books “Rich Dad poor Dad”. Ever heard of the title? I bet you, if you have never read this book I’m afraid you are leaving your financial life to chance. Rich Dad, Poor Dad contains timeless lessons for anyone who is seeking for the road of financial independence. It is not a theoretical book, Rich Dad, Poor Dad is a must read.I bought my personal copy of Rich Dad Poor Dad four years ago and today I just thought I  should share some of its lessons to my lovely readers.

So let’s begin

Lesson One: The Rich Don’t Work For Money

"The poor and the middle class work for money." "The rich have money work for them."

One of the keys to financial success is learning to make money work for you. What that means is, you develop a system that brings in money whether you are present or not. Can you mention a rich man in your county who works for someone? Certainly not, if you can, then, that person is definitely not rich .All rich people are business owners. A business   owner in the initial state  puts in all the effort to start and grow his business, the waiting period is hard and you sometimes feel like quitting.However, if the business stands on its feet, they don’t  necessary have to be present.They can be globetrotting from Ghana to Libya  and the money would be pouring into their bank account 24/7. The poor and the middle class work for money, they work for the owners’  of the businesses  who pays them monthly salaries which would not be enough to meet their expenses.To solve this problem, they work hard to earn money, ironically the more they earn the more their expenses increases to meet their income. They never make progress.

 The key is: don’t work for money. Don’t depend on your boss to make you rich.Use your mind the most powerful computer in the world to create a business for yourself

It only starts with a thought, an idea and a burning desire to take control of your life.Seek to be a business owner,investor rather than an employee.