Get Stimulated - Re-read a GOOD Book (part2)

Following on from yesterday's post - So YOU Wanna Make Money - Re-Read A GOOD Book - I was stimulated first thing this morning to see what Robert Kiyosaki is saying lately.

Here are two recent comments from Robert that YOU should follow through on, study why he says them, and put them into action for your next 10, 20, 30 productive second life years - starting now:

'Like it or not, we're all in the real estate business. Losers are losing money... but not everyone. Smart investors are making more money than ever. You may not be making money from real estate but someone always is. Cash is always flowing from one person to another. So where is your cash flowing to?' - source

'This financial crisis is a big one. It is said that this is the biggest disaster since the last depression... so don't waste it. The last time an opportunity this big came along was 1929, eighty years ago. If you want to get ahead, become more financially secure, maybe even rich or richer, now is the time... but be smart, be careful.' - source

And, following through on my re-reading of Rich Dad, Poor Dad - Lesson 3. Mind Your Own Business - I was again struck by the wisdom of the advice, which is still very relevant today:

‘Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities or personal effects that have no real value once you get them home.’

‘For adults, keep your expenses low, reduce your liabilities and diligently build a base of solid assets.’

In his definition of a 'real asset' he offers this pertinent advice (very different to what franchisors or your bankers tell you - they want you to be the owner/manager):

‘Businesses that do not require my presence. I own them, but they are managed or run by other people. If I have to work there, it’s not a business. It becomes my job.’

And a warning from his Rich Dad who said:

‘If you don’t love it, you won’t take care of it.’

Lesson 4. the History Of Taxes and The Power of Corporations - a good chapter for identifying the 4 key knowledge areas that make up Financial IQ... and for understanding the fundamental money-attitude difference applied by the rich versus the poor.

And again... I was delayed in my re-reading of Rich Dad, Poor Dad to completion... because I was entranced by the magic of Lesson 5. The Rich Invent Money - almost every sentence of this chapter needs to be dissected for the current lessons and examples that can be applied in our economy right now. Such as:

‘The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.’

So I apologise, my one day re-read of a good book will take me into a third day... but now I worry about all that I have missed in the other great books that I have read. I'm making a point of getting back into them with a new mind... looking for new opportunities that come from them. I hope that YOU do too.

Let's close today's thought with an 'interview' comment or 3 from the sixth of our potential virtual Board of Advisers:

Edward de Bono - Creative Thinking

1. quote: An idea that is developed and put into action is more important than an idea that exists only as an idea.
2. quote: Opportunity ideas do not lie around waiting to be discovered. Such ideas need to be produced.
3. quote: Dealing with complexity is an inefficient and unnecessary waste of time, attention and mental energy. There is never any justification for things being complex when they could be simple.
   

Today's thought is brought to you by:
WISDOMS - Powerful PEAK Performance Program