Rich Dad Poor Dadconverted to cash. I need to call my accountant to be prepared for
cash and seek ways to shelter it.
The point I would like to make is that investments come and go.
The market goes up and comes down. Economies improve and crash.
The world is always handing you opportunities of a lifetime, every day
of your life, but all too often we fail to see them. But they are there. And
the more the world changes and the more technology changes, the more
opportunities there will be to allow you and your family to be financially
secure for generations to come.
So why bother developing your financial intelligence? Again, only
you can answer that. I know why I continue to learn and develop. I do
it because I know there are changes coming. I’d rather welcome change
than cling to the past. I know there will be market booms and market
crashes. I want to continually develop my financial intelligence because,
at each market change, some people will be on their knees begging
for their jobs. Others, meanwhile, will take the lemons that life hands
them—and we are all handed lemons occasionally—and turn them into
millions. That’s financial intelligence.
I am often asked about the lemons I have turned into millions.
I hesitate using many more examples of personal investments because
I am afraid it comes across as bragging or tooting my own horn.
That is not my intention. I use the examples only as numerical
and chronological illustrations of actual and simple cases. I use the
examples because I want you to know that it is easy. And the more
familiar you become with the four pillars of financial intelligence, the
easier it becomes.
Personally, I use two main vehicles to achieve financial growth:
real estate and small-cap stocks. I use real estate as my foundation.
Day in and day out, my properties provide cash flow and occasional
spurts of growth in value. The small-cap stocks are used for fast growth.
I do not recommend anything that I do. The examples are just
that—examples. If the opportunity is too complex and I do not
understand the investment, I don’t do it. Simple math and common
sense are all you need to do well financially.