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Rich Dad Poor Dad

Chapter 6 

Word Count: 2000    |    Released on: 20/11/2017

:The Rich I

mand for his new invention was so strong. Needing a bigger company, he then went to the giant at that time, Western Union, and asked them if they would buy his patent and his tiny company. He wanted $100,0

company ownership was unfair. A terminated manager of about 45 years of age had his wife and two babies at the plant and was begging the guards to let him talk to the owners to ask if they w

It has been a great experience and rewarding.

and we all are blessed with gifts. Yet, the one thing that holds all of us back is some degree of self-doubt. It is not so much

of academics, something more than just grades is required. I have heard it called "guts," "chutzpah," "balls," "audacity," "bravado," "cunni

character: people who could get down on their knees and beg if necessary. After a year in Vietnam, as a Marine

etractors of personal genius. It broke my heart to see students know the answers, yet lack the co

o take ?risks, to be bold, to let their genius convert that fear into power and brilliance. It works for some and just terrifies others. I have come to realize that for most people, when it comes

"Just to have

ears there will be more people just like him. There will be a hundred people like Bill Gates and hugely successful companies

than dreading change. I'd rather be excited about making millions than worrying about not getting a raise. This period we are in now is a most exciting time, unprecedented in our world's history. Generat

tly. And if you don't, this period of time will be a frightening one. It will be a t

ormation. And the person who has the most timely information owns the wealth. The problem is, information flies all around the world at the speed of light. The new wealth cannot be contained by boundaries

people who are losing their jobs or their houses, and they blame technology or the economy or their boss. Sadly they fail to realize that they might be the problem. Old idea

had brought someone along to attend the class. This friend of a friend was recently divorced, had been badly bu

aying the game, they learn about the interaction of the income st

w from the asset column to the point that it exceeds your j monthly expenses. Once you a

at." Then, as her friend tried to explain how the numbers worked on her income statement and balance sheet, she got frustrated because she "had never liked math. The rest of her table waited while her friend continued explaining the relationship between th

pset. She had come to the class to learn about investing and d

n any way. With that suggestion, the woman demanded her money back. She said that the very idea tha

ol system does not. In school, most teachers lecture. I hated

what they know, and what they needed to learn. Most importantly, a game reflects back on one's behavior. It's an instant fee

said her friend was fine and had calmed down. In her cooling-off peri

husband did not own

use after twenty years of marriage, they had accumulated little in the way of assets. There was virtually nothing for the

ances were the man's job. She maintained the house and did the entertaining, and he handled the finances. She was now quite certain that in the last five years of their

in more. One day not long ago, I complained to my wife that the cleaners must have shrunk my pants. My wife gen

e boat card and it puts you into debt, the question is, "Now what can you do?" How many different financial options can y

ho understand numbers and have creative financial minds. They recognize different financial options. People who take the longest are people

em have not been financially successful in real life either. Everyone else seems to be getting ahead of them, even though they

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