One said, "When it comes to money, play it safe,... One said, "When it comes to money, play it safe, don't take risks The other said, "Learn to manage risk
One believed, "Our home is our largest investment and our greatest asset The other believed, "My house is a liability, and if your house is your largest investment, you're in trouble
Both dads paid their bills on time, yet one paid his bills first while the other paid his bills last
One dad believed in a company or the government taking care of you and your needsHe was always concerned about pay raises, retirement plans, medical benefits, sick leave, vacation days and other perksHe was impressed with two of his uncles who joined the military and earned a retirement and entitlement package for life after twenty years of active serviceHe loved the idea of medical benefits and PX privileges the military provided its retireesHe also loved the tenure system available through the universityThe idea of job protection for life and job benefits seemed more important, at times, than
omega olympic watch the jobHe would often say, "I've worked hard for the government, and I'm entitled to these benefits
The other believed in total financial self-relianceHe spoke out against the "entitlement" mentality and how it was creating weak and financially needy peopleHe was emphatic about being financially competent
One dad struggled to save a few dollarsThe other simply created investments
One dad taught me how to write an impressive resume so I could find a good jobThe other taught me how to write strong business and financial plans so I could create jobs
Being a product of two strong dads allowed me the luxury of observing the effects different thoughts have on one's lifeI noticed that people really do shape their life through their thoughts
For example, my poor dad always said, "I'll never be rich And that prophesy became realityMy rich dad, on the other hand, always referred to himself as richHe would say things like, "I'm a rich man, and rich people don't do this Even when he was
replica miu miu flat broke after a major financial setback, he continued to refer to himself as a rich manHe would cover himself by saying, "There is a difference between being poor and being broke- Broke is temporary, and poor is eternal
My poor dad would also say, "I'm not interested in money," or "Money doesn't matter My rich dad always said, "Money is power
The power of our thoughts may never be measured or appreciated, but it became obvious to me as a young boy to be aware of my thoughts and how I expressed myselfI noticed that my poor dad was poor not because of the amount of money he earned, which was significant, but
because of his thoughts and actionsAs a young boy, having two fathers, I became acutely aware of being careful which thoughts I chose to adopt as my ownWhom should I listen to-my rich dad or my poor dad?
Although both men had tremendous respect for education and learning, they disagreed in what they thought was important to learnOne wanted me to study hard, earn a degree
men's omega watch and get a good job to work for moneyHe wanted me to study to become a professional, an attorney or an accountant or to go to business school for my MBAThe other encouraged me to study to be rich, to understand how money works and to learn how to have it work for me"I don't work for money!" were words he would repeat over and over, "Money works for me!"
At the age of 9, I decided to listen to and learn from my rich dad about moneyIn doing so, I chose not to listen to my poor dad, even though he was the one with all the college degrees
A Lesson From Robert Frost
Robert Frost is my favourite poetAlthough I love many of his poems, my favorite is The Road Not TakenI use its lesson almost daily:
The Road Not Taken
Two roads diverged in a yellow wood, And sorry I could not travel both And be one traveler, long I stood And looked down one as far as I could To where it bent in the undergrowth;
Then took the other, as just as fair, And having perhaps the better claim,
gucci watches for women Because it was grassy and wanted wear Though as for that the passing there Had worn them really about the same,
And both that morning equally lay In leaves no step had trodden blackOh, I kept the first for another day! Yet knowing how way leads onto way, I doubted if I should ever come back
I shall be telling this with a sigh Somewhere ages and ages hence; Two roads diverged in a wood, and I took the one less traveled by, And that has made all the difference
Robert Frost(1916)
And that made all the difference
Over the years, I have often reflected upon Robert Frost's poemChoosing not to listen to my highly educated dad's advice and attitude about money was a painful decision, but it was a decision that shaped the rest of my life
Once I made up my mind whom to listen to, my education about money beganMy rich dad taught me over a period of 30 years, until I was age 39He stopped once he realized that I knew and fully understood what he had been trying to drum into my often thick
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