Today we will look at Investor Lesson’s five to twelve as they where taught to Robert Kiyosaki by his rich dad to mentally prepare him on his road to wealth accumulation. As you go through these lesson’s I hope you will realise the importance of your thoughts and beliefs, your mental state in creating your financial state.
Investor Lesson 5 ~ Are You Planning to Be Rich or Are You Planning to Be Poor? – It’s all about the words you choose to say and how you think. To test this out listen to how the people you come in contact with talk. What you say outloud is important but even more important is what you say silently to yourself this is where the most power in creating your world lies. Increase your wealth vocabulary, learn the language of the wealthy and use that language to change your reality.
Investor Lesson 6 ~ Getting Rich is Automatic…If You Have a Good Plan and Stick to It – According to rich dad investing is simple and often boring and this is why so many people are unsuccessful, they want the more exciting, high thrill hollywood version. Investing is a plan, a strategy for financial freedom and it can be extremely simple. So come up with a simple plan, that suits you, to achieve what you want and stick to it.
Investor Lesson 7 ~ How Can You Find The Plan That Is Right For You – Taking your time to think about your life and what you want from it is the first steps to figuring out your plan.It’s a good idea not to tell anyone your plan too soon, make sure it’s what you really want first, so you can’t be swayed to change your mind by the good intentions of family and friends. Find a financial planner you are happy with to help you work out your strategy, set realistic goals that grow and change with your experience and education. Be prepared to use a team of experienced professionals, accountants, bankers, insurance agents, successful mentors, broker etc. you will need this team to help you achieve your financial goals.
Investor Lesson 8 ~ Decide Now What You Want to Be When You Grow Up – Do you want to be secure, comfortable or rich? The truth is you need to be all three. Most people only achieve security and maybe comfort because that’s all they plan for. If you want to be rich you have to plan for all three.
Investor Lesson 9 ~ Each Plan Has A Price -What is the difference between been secure, been comfortable and been rich? The difference is price, the difference between a plan to be rich compared to the others is vast. At first glance it appears price is measured in money but it is actually measured in time, a more precious asset. Most people are not willing to invest the time, they wish to get rich quick and are in such a hurry to make money they lose both time and money. Are you willing to invest the time ?
Investor Lesson 10 ~ Why Investing Isn’t Risky – Anyone who has ever said investing IS risky has either not been trained to be an investor, lacks control or is out of control as an investor or is someone who invest from the outside then the inside. To be rich, you have to be closer to the inside than the professional to whom most people entrust their money.
Investor Lesson 11 ~ On Which Side Of The Table Do You Want To Sit? – The poor man says work hard and save money, the rich man says working hard and saving money are important if you want to be secure and comfortable. The government taxes people when they save, when they spend and when they die. If you want to be rich you will need greater financial sophistication than merely working hard and saving money. When a person shifts to the other side, their point of view of the world also shifts.
Investor Lesson 12 ~ The Basic Rules Of Investing – Investing is comprised of seven rules. The first basic rule of investing is to know what income you are for, either earned (work, job etc.), portfolio (stocks, bonds, mutual funds etc.) or passive (real estate,patent royalties, license agreements etc.). The second basic rule of investing is to turn your earned income into portfolio income or passive income as efficiently as possible. The third rule of investing is to keep your earned income secure by purchasing by purchasing a security you hope converts your earned income into passive and portfolio income. Many investors cannot distinguish between a security and an asset. Securities are bound up tight by government regulations, this is why the organisation that watches over the world of investing is called the Securities and Exchange Commission (SEC), the title isn’t the Assets and Exchange Commission. Fourth basic rule of investing is, it is the investor that is really the asset or the liability. Fifth basic rule of investing is, a true investor is prepared for whatever happens. A non-investor tries to predict what and when things will happen. Basic rule number six is, if you are prepared (educated and experienced) and you find a good deal, the money will find you or you will find the money. In reality, in the world of investing, regardless of if it is real estate, business, or paper assets, the key is always people, people people. The best real estate in the best location lose money because the wrong people were in charge. Lastly basic rule number seven, It is the ability to to evaluate risk and reward. An investment which brings more risk then reward is not a financially good investment.
Have an Incredible Day
Teresa and the Team at
