The Rich Father’s son Mike learned the same lessons as his wealthy son did. He learned how to identify business opportunities by studying his dad’s actions. The lessons from Rich Dad Poor Dad include:
Rich Dad taught poor dad how to spot business opportunity
The rich dad teaches the poor father to see business opportunity where other people can’t. When his sons were young, Robert and Mike worked with him. They attended meetings and met with professionals. Eventually, they realized that Robert knew more about finances than his poor dad. They accumulated books and listened to financial professionals. They knew how to recognize business opportunity when they saw it. They committed to serving others, which helped them become rich.
After a couple years of working for Xerox, Robert decided to learn from the rich father. His bosses were always talking about promotions, raises, and higher deductions. As his income increased, his bosses were mentioning promotions, too. He realized that he needed to learn from his dad and build an asset column. Robert also invested in the Hawaii real estate market and worked harder selling Xerox machines.
Fear and greed are catalysts to poverty
The Occupy Movement has been vocal in its condemnation of economic inequality, with the top 1% of the world’s population growing richer while the rest suffer mass unemployment and misery. As a result, people fear that governments are favouring the wealthy, while ordinary people were left to bail out banks while the wealthy went unscathed. Oxfam has declared that the rich have captured political systems and are now able to roll back redistribution and regulation.
The first step in preventing this epidemic is to recognize the enormous potential of the human spirit. Poverty is a disease that reduces people’s self-esteem and their ability to rise above their circumstances. Millions of people in the third world live in abject poverty and are imprisoned by one form or another of oppression. It is vital for societies to understand the enormous potential of the human spirit and to be prepared to fight back.
Working for money is the best way to make money
One of the quickest ways to earn money is by doing side jobs. For instance, you could take on a few hours of typing work every week. Such a job may not be sustainable, but it is still a great way to earn money in your spare time. If you are proficient at writing, consider joining a typing service such as Mechanical Turk or Stuvia. You can also sell your old textbooks. If you purchase used textbooks at the end of the year, you can sell them for a profit after freshers’ week. Since new students will need textbooks, the demand will be higher during freshers’ week.
Conscious parenting is the key to financial freedom
You may have heard the term “conscious parenting” a few times but never understood what it meant. The term means that you and your child should understand how each other thinks offline and that you must work with them to find a solution to any problem. By practicing conscious parenting, you and your child will enjoy more financial freedom. Conscious parenting also includes boundaries, respect and clear communication. Let us explore what these things mean for your child.
Using conscious parenting is an effective way to help your child avoid an identity crisis later on in life. It creates closer bonds with your children. It’s easy to fall into the “If A, then B” mindset, but conscious parenting requires a different approach. You need to let go of your ego, and be in the moment with your child. This may take time and is not for everyone. However, you will have a more peaceful relationship with your children if you adopt this approach.
Subprime mortgage defaults are an asset class worth including in a portfolio
As the residential mortgage market has seen increasing difficulty in recent years, the Fund may consider investing in subprime mortgages and mortgage-backed securities backed by these loans. This is an asset class with risks associated with rising delinquencies and volatility in their values, which may adversely impact the Fund’s performance. Furthermore, losses on residential mortgage loans may continue to rise in the future due to the decline in housing values and flattening of housing values. Adjustable rate mortgage loans are particularly vulnerable to changes in interest rates and may not be able to secure replacement mortgages at comparably low interest rates.
Robert Kiyosaki is a motivational speaker
Regardless of your field, Kiyosaki’s books and presentations provide the tools to succeed. The author is an internationally recognized speaker and businessman. He is also the founder of the Rich Dad Company and the Rich Global LLC. In his seminars, he shares his experiences and strategies for personal finance. Kiyosaki’s books are available in English and Japanese. He is currently pursuing his third book, The Power of Consciousness.
The author of ‘Rich Dad Poor Dad’ has achieved international fame as a motivational speaker and investor. He’s a multi-talented personality who has appeared on Oprah and other top television shows. His philosophy is to help readers become wealthy by using the money that is already in their hands. His books have sold over 26 million copies worldwide, and many people have found their way to success with his tips.