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Sunday, August 31, 2008

Quotes from Rich Dad’s Guide to Investing – by Robert Kiyosaki

I was reading a book by investment guru Robert Kiyosaki (Rich Dad’s Guide to Investing) last week, when I came across these sections that I’ve quoted here below. I found them inspiring, on the one hand, and “provocatively” challenging, on the other.

1. The key to staying young is to decide what you want to be when you grow up, and then growing up. Nothing is more tragic than to see people who have sold themselves short on what is possible for their lives.

They try to live frugally, scrimping and saving, and they think that is being financially smart. In reality it is financially limiting…and it shows up in their faces and in their attitude in life the older they get.

Most people spend their lives mentally caged in financial ignorance. They begin to look like wild animals trapped in small cages at the zoo. They just pace back and forth wondering what happened to the life they once knew.

One of the most important discoveries people can make by taking the time to learn how to plan is to find out what is financially possible for their lives.

2. Since most people have not been taught how to make mistakes and learn from them, they either avoid mistakes altogether, which is a bigger mistake or they make a mistake but fail to find the lesson from the mistake.

3. In school you are considered smart if you don’t make mistakes. On the street, you are smart only if you make mistakes and learn from them.
What I can say to you today: "Check out your road before you embark on your journey."

1 comment:

Shiko-Msa said...

Thanks for sharing these. Very sound advise which I wish people could follow to ensure their financial independence. I love especially this paragraph:

Most people spend their lives mentally caged in financial ignorance. They begin to look like wild animals trapped in small cages at the zoo. They just pace back and forth wondering what happened to the life they once knew.

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