I got Rich Dad Poor Dad as a present since I posted it as one of my wish lists during one of our exchange gifts. I’ve heard a lot of talks about this book and how it helps a lot in breaking the mold of what we used to think would make us wealthy in the end.
When I read it, I got hooked;Â because I also couldn’t get myÂ head to absorb anything the past days due to lack ofÂ brainÂ activity. This is the first book I’ve read in months.
Rich Dad Poor Dad talks about Robert Kiyosaki’s (the author) 2 fathers, which is actually his biological pop, and his friend’s pop. The former believed in the conventional way that for a person to be successful in life, one should study hard and get a degree to get a stable job for security.Â Â The higher the education one would attain, the better the salary; which in turn, will constitute that notion of success. But there was a problem in the end between the organization thatÂ he was working for which ended on a sour note since his Poor Dad lost his job; henceÂ the termÂ ‘poor’. The latter, however, was an 8th grade drop out but learned how to make money work for him early. The Rich Dad invested his money into useful deals and let his money grow. In the end, he became a self-made multi-millionaire regardless of his educational attainmentl; hence, ‘rich’.
Don’t work so you can earn, work so you can learn.
What should I do so I can afford it?
Don’t work for money, make it work for you.
Funny how it seems that the words written (well some of them) are also what I used to hear from my father back when we just started working. Not that my father has read the book, cause I don’t see/remember him reading one in the first place.
Such phrases don’t mean much when you’re young. But they make you think twice on what to do with money. Most especially now that I’m earning more than the average income even if I’m an undergrad. Not that the monthly salary that I take home will satisfy me till eternity. Since I also have to contribute to the house, knowing that mom and pop doesn’t have a stable income due to life and starting a family early.
Try toÂ findÂ ways to generate cash even if you’re not physically there.
The idea I’m trying to pursue at the present is also working andÂ earn some more while I’m at it. Growth while I’m not doing anything and to be financially literate. To put to good use the knowledge I’ve acquired through the years I’ve started working. The job that I have is my profession, finding a sideline that will add to that income is what I need to concentrate more.
Going back to the book, differentiating between an asset and a liability in simple termsÂ enlightened me a lot on which is really which.
Asset = money that comes into your pocket.
Liability = money that goes out of your pocket.
ItÂ served as an eye-opener for me as to how I should I start spending as well as investing in something that I could make use of in the end. Acquiring income that came from an income. I may sound confusing, but the book really makes it clear. Although it seems that it’s pertaining more into venturing into real estate,Â and I’m still confused on where and how to start if ever that’ll be part of my plans,Â what matters are the techniques and the confidence that I should hone so I can make better use of my resources and turn them into profitable ventures.
I used to sell and helped people sell stuff on the floor. Right now, I can’t due to policy changes. I find it funny when people ask meÂ what I have available when I’m not bringing anything anymore.Â It makes me smile that they remember me as theÂ businessman who sold goodsÂ and food for them to eatÂ at their convenience, and I don’t even look thatÂ Chinese. Â
Most people are poor because when it comes to investing, the world is filled with Chicken Littles running around yelling, “The sky is falling. The sky is falling.”
After reading the book, a workmate noticed a different aura in me when talking about promotions and our work environment. Most of the time before, I would just complain about our compensation and the people around us; that we never really got enough. But now, I’ve somewhat understood that although money is an important factor, it’s not everything. I can’t believe I’m saying this, but I’m saying it anyway. It’s more on the learning experiences and being exposed to a different side which matters more since I can see it in a different perspective.Â Bitterness will lead me nowhere except to be more bitter. And if IÂ continue the same attitude, I’ll still end up being the loser.Â
The only way to get out of the ‘Rat Race’ is to prove your proficiency at both accounting and investing, arguably two of the most difficult subjects to master.
Sure, I may seem so idealistic and surreal for being such an optimist when in reality, I’m more of the opposite. I may be all talk and all my talks are mostly bull crap, but I can’t help it. It’ll be aÂ dauntingÂ task, butÂ IÂ have toÂ set my goals straight andÂ ultimately move forward.Â It goes with maturity maybe and growth, as well as the desireÂ forÂ change and be more independent.
I highly recommend this book to anybody who wants to just open their mind to different posibilities on how to expand what they’ve got, and to people who want to stop complaining on why the rich gets richer and the poor gets poorer and want to understand the concepts of why this is so.
We’ll see what’ll happen. I’m just maintaining my focus and I don’t want to break the momentum now that I’ve already started.
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soloflightEd.com is a travel blog by Edcel Suyo. He enjoys performing headstands and crazy stunts during his trips in the Philippines, Southeast Asia, and the Middle East. Now based in Dubai, United Arab Emirates and working to earn a living, he takes time to enjoy the city and travel during weekends.
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