Rich Dad Poor DadAnd it may not work in your area. The market conditions may be
different. But the example illustrates how a simple financial process can
create hundreds of thousands of dollars, with little money and low risk.
It is an example of money being only an agreement. Anyone with a
high school education can do it.
Yet most people won’t. Most people listen to the standard advice of
“Work hard and save money.”
For about 30 hours of work, approximately $190,000 was created
in the asset column, and no taxes were paid.
Which one sounds harder to you?
- Work hard. Pay 50% in taxes. Save what is left.
Your savings then earn 5%, which is also taxed.
OR - Take the time to develop your financial intelligence
Harness the power of your brain and the asset column.
If you use option number one, be sure to factor in how much
time it takes you to save $190,000. Time is one of your greatest assets.
Now you may understand why I silently shake my head when
I hear parents say, “My child is doing well in school and receiving
a good education.” It may be good, but is it adequate?
I know the above investment strategy is a small one. It is used
to illustrate how small can grow into big. Again, my success reflects
the importance of a strong financial foundation, which starts with
a strong financial education.