Poor Dad, Daddy Notes
These ideas may have already been there, but this is not enough, but also strengthen, so that I will not become numb. The ancient oriental is naturally weak because of eating too much food and should eat more beef.
XINBIN: Learning financial knowledge, at least let you know how much you should get, how much you actually get, how your money enters the pocket of the rich, if you want to continue your money into the rich pocket, you There is no need to learn.
Let my child go in accordance with the road of ordinary people, if one day, he shows an objection, I will be very happy, he finally has his own thinking.
We have been silent for a long time. I think it is when I teach my parents to my advice to my son, but I don't realize that the world has changed, and that advice may also need to change. There is no stable work in the world, and life is changing, and it is not possible.
If there is no sufficient financial IQ, don't understand the law of money, they are not ready to wait for their real world, because they will pay more attention to the money in this world.
Xinbin: Maybe not completely suitable for us, but I really learned something, learning how to think, know what to think.
But I am also shocked by the basic knowledge of adults and investment, and they know very little about the causality of the balance sheet and the balance sheet. When they buy and sell assets, it is always difficult to remember every The pen transaction will affect their monthly cash flow. Therefore, I don't know how many people in the real world are just because they have never learned these knowledge and are struggling in the muds of personal finances.
I have learned these in schools before, but I never know that it should be used in my real life. We will be free to do and learn what we really want, rather than going to learn something only because it is a skill that is required for some specific work.
Today, the most dangerous advice you can give your child is: Go to the school, read the book, then find a safe job.
Children need more complex education today, and now the educational system is not enough to supply these. I don't care how many computers or schools have spent in the classroom, but how can the education system teach what they don't know?
Indeed, the idea in this book is for most of today's parents, maybe it is too difficult to understand too radical, and even some parents are working hard to keep their children at their school stay enough time. But think about this era of change, as a parent, we should open new, bold ideas. To remember that the economy is exercising in the process of solving our economic problems.
Today we are faced with economic globalization and new technologies, and it is as huge and even greater like human beings. No one can predict the future crystal ball, but there is a matter of affirmation: beyond the changes in our current life are in front. Who knows what is the future? But no matter what happens, we have at least two basic choices: play safe, or have educated and wake up with your child's economic potential and wake up.
Assets can put money into your pocket.
You must understand the difference between assets and liabilities and purchase assets as much as possible. If you want to get rich, you have to know this. This is the first rule and there is only one rule.
But our adult is often too attending and refused to admit it to the meaning of it. Because they know how to work hard, they don't know how to make money work for them. They got up work, but they didn't ask yourself to do this; I went to work for money every day, but I didn't really understand. So most people let money control them and confront them.
If they have a mirror, maybe I will ask the mirror: "Is this meaningful?" Can usually, people don't believe their own wisdom, but just follow the wave, people cloud. They do something because others do this, they always succumb to ask questions. For "installments", "Your house is your asset", "Your house is your biggest investment", "debt can be taxed", "find a stable career." Most people talk about "stability" because of fear.
Dad, hate "we have to do this, because others do this", he also hates "can't". If you want him to do, an effective method is to say to him: "I can't do this."
"Smart people always hire people who are smarter than him."
We began to understand why Dad said that the school is a place to produce employees rather than a good employer.
My wife and I also like the big and fashionable house, but we know that is not an asset, because it flows money from our pockets, so it is a liability.
The biggest loss is the chance loss. If all your money is thrown in the house, you have to work hard, because your cash is constantly flowing from expenditure, rather than a traffic asset item, which is a typical middle class cash flow mode. What should be correct? If a young couple have done more money in their assets, they will be relaxed in the next few years, especially if they are ready to give their children. Because investment in the asset item will make their assets continue to increase their expenditure. The practice of investing in a big house first is just a mortgage loan to pay for the continuous rising expenditure, but the result is nothing to remove the east wall to make up the West Wall.
Because they have no money to invest, they will not invest, which makes them unable to get investment experience and will never become "mature investors" approved by the investment community. The best investment opportunities are often given to those "mature investors", and they will turn to those who wish to be cautious. Of course, they have taken the most of the interests.
Xinbin: Investment must experience failure to get experience. The house doesn't matter, you rented as comfortable as the Lord you bought, let alone I have not intended to live there. Although this is not necessarily given me, but if you struggle for liabilities in your life, I am likely to lose a lot of happiness. In short, more money is generally not a bad thing.
5,000 USD investment can be flipped to 1 million or more. This type of middle class is called "too risk" investment actually has no risk, just because you lack some important financial knowledge and don't know how to look at these investment opportunities. As long as you have enough financial knowledge, you don't have to be afraid to go to "adventure".
xinbin: I will think, I dare to think, I will respond to the problems I have, or think about it, so I solve me. This is good.
He is defined as this: wealth is to support a person's ability to survive, or if I stop working today, how long can I still live?
Net assets typically include those non-cash assets, just like you buy back materials behind the garage. Wealth is measuring how much your money is earning, and your financial survival.
XINBIN: The people around me are very few showing to starting business, I can't think of it, how can I do? Entrepreneurs, after all, is a few. Adhere to the successful person, very small.
The school's problem is often the person you have learned. If you learn to cook, you will become a chef; if you learn the law, you will be a lawyer; if you learn automation, you will be upload mechanics. The terrible consequences of the person you have learned are there. There are too many people who have forgot to pay attention to their own careers. They spend a lifetime to pay attention to others' careers and make others get rich.
XINBIN: People who understand finances put us, so simple.
Real assets can be divided into the following categories: 1. Don't be able to work properly without me. I have them, but they operate and manage others. If I have to work there, then it is not my career but my profession; 2. Stock; 3. Bond; 4. Common fund; 5. Real estate generated by income; 6. Bill (borrow); 7. Patent rights such as music, manuscripts, patents; 8. Any other valuable, income or possibly value-added and have a good circulation market. Dad always emphasizes financial knowledge. He said that you can understand the accounting and cash management, you can better conduct investment analysis and start building your company.
XINBIN: So many people don't know how to invest, so that people who know how to invest should be easy.
Those who have money, those who can have a long-term wealth, first build their assets, and then buy luxury goods in the assets, the poor and middle class use their hard-earned money and will leave them to children. Heritage to buy luxury goods.
When I got an extra charge with my wife, she went to buy a Mercedes-Benz, which is not to increase her work or bought risk. However, when the real estate investment appreciated and eventually had enough cash outfit to buy this car, she waited for 4 years. This luxury is indeed a reward, because it proves that she knows how to increase their own assets, the meaning of the car is not only a car, but it means she can get it with her financial knowledge.
XINBIN: Enjoy everything in life, plus a bit of rationality as a basis.
xinbin: Maybe she didn't know, she is more important than my career, my career exists for her. Compared with money, I pay more attention to feelings.
What is knowledge? Help you do what you want to do, sometimes you have to know what you want to do.
XINBIN: No matter how you think, the truth is like this.
Once we leave the school, most people in us will realize that there is only a university diploma or a good score. In the real world outside the campus, there are many things more important than good scores. I often hear people call these things as "power", "courage", "perseverance", "bold", "moment" , "Savvy", "brave", "strong", "talented", etc. No matter what is called, this is more fundamental than the school score.
In the real world, people often rely on courage rather than smart leading to others.
The sixth lesson does not work for money
I found a job in Xerox Company, and Joy Company is a purpose, but it is not for material interests. I am a person who is marketing for me is the most fearful course in the world, and Xerox has the best marketing training program in the United States. Dad is very proud of me, and Dad who is well-educated is ashamed for me. As a intellectual, he believes that the salesman is low. I worked for four years in Xerox Company until I no longer happen to eat the door. When I went to the top five in the sales performance list, I once resigned and gave up another good career and an excellent company.
xinbin: I will not do a fixed work forever. I am going to familiarize all kinds of knowledge, go to a variety of different companies I like, and fully go deep into this society. This is very interesting.
Dad believes that bankruptcy is the best before the age of 30, and his view is "so you still have time to play again."
XINBIN: Thanks to those who have accepted higher education, they are necessary for me, I need this kind of person to serve me. My thoughts have been changing, and sometimes changed, which affects my behavior. But my nature may not change.
On the contrary, I advise young people to see what I can learn from middle school when I look for work, not how much I can earn.
Before choosing a particular occupation or when you are busy with your livelihood, you should take a closer look at the road at your feet, and figure out what skills you need to get. One question I often put forward is: "What is your busy a day?" Just like the little mouse who is not stopped, I want to know if people will think about this hard work, what is it for? ? What should I do again in the future?
xinbin: The concept of money has changed again. If I let me go to McDonald's tray, I have no concern.
Perhaps these methods will accumulate the first primitive capital, after all, no money, my ideals are empty talk.
If you do it in the school education, become a special talent, then it is best to seek the protection of the trade union. For example, if I continue my flying career, I will find a company with a powerful flying staff. why? Because I will only learn a valuable skill in the industry. If I have been abandoned by this industry, my skills learned is useless to other industries. A senior pilot with a record of 100,000 hours of driving a large transport machine can earn $ 150,000 per year, and once it is laid, it is difficult to find an income is quite working in the school teaching.
When I asked in my own teaching class, "How many people in you can do more than McDonald's hamburger, almost all students raise their hands. I then ask, "If you can make a better hamburger than McDonald's, why is McDonald's make money than you?" The answer is obvious: McDonald's has a set of outstanding business systems. Many talented people are poor because they just concentrate on the hamburger, but there are few people to operate the business system.
The truth is like this simple, and we have never seen it. Just think about it, but we don't think, I don't know what to do every day.
There are talented poors in the world. My dad is like this, I don't want to be like this.
He, I hope that he has the ability to lead this company one day. Therefore, these smart young staff do not specifically to study a department's business, but from a department to another department, learn the knowledge of all aspects of the enterprise system. The rich people often "cultivate" their children or others, through which children can have an overall understanding of how to operate a company, and know the relationship between different sectors.
XINBIN: The people who learn software have a congenital advantage, they have superior learning, understanding and accepting new things.
Despite the short-term, you may have fewer earnings; but from the long run, you will get huge benefits.
The most important expertise is sales and understanding marketing. Sales Skills are the basic skills of personal success. It involves interactions with others, including contact with customers, employees, bosses, spouses and children. The communication capability, such as written expression, oral expression and negotiation capabilities, etc. are critical to a person's success. I just learned a variety of courses, bought teaching tapes, etc. to grow knowledge and constantly improve their skills and eventually succeed.
I don't know if there is more important skill than sales and market, but mastering sales and marketing skills is difficult for most people, mainly because they are afraid to be rejected. Therefore, you can do better in dealing with interpersonal interactions, business negotiations and control of the rejection, and the more relaxed life.
XINBIN: The unminely educational system makes most people can't be rich. They have a little opportunity to meet such a book, and they encounter less opportunities that can be read, can learn from middle school, less There are fewers.
Overcome difficulties //
Many people who only master financial knowledge can still have abundant asset projects, which are five: 1. Fear psychology; 2. Creative; 3. Lazy; 4. Adverse habits; 5. Contention. Dad often tells me and Mike, the biggest reason for the success of success is is that most people are too safe ... "People will fail because they are too afraid, so they will fail."
The other proverb of Texas said: "Everyone wants to be paradise, but no one wants to die." But how can you enter paradise? This is like most people dream of making a fortune, but it is afraid of losing money during the investment process. So they will never enter "heaven".
XINBIN: Going to Chongqing after the year, nor is it possible. If you have learned here, if you can learn more, I can learn more.
In the words of Rockefeller, "I always try to convert every disaster into opportunities."
We will have doubts about yourself: "I am not too savvy", "I don't have good enough", "Who is better than I strong", etc., suspect is often difficult. We always ask "What should I do if this is the case," If the economy does the economy began to recession after my investment ", or" if I lost my job, I can't repay the borrowing. " Sometimes our friends or relationships will take the initiative to remind us to pay attention to their own shortcomings, they often say, "What makes you think can do these things" or say "If this is a good idea, why do you not Do it "Or" This will not work, you don't know what you are saying. " The impact of these suspected words is so strong, so that we can't put your own plans into action, terrible feelings in your heart, sometimes we even thus can't take it. We can't move forward, because we want to keep all the safety things, and the opportunity is slipping from around.
Cynasty people complain that the successful analysts analyze the reality.
At the age of 66, he lost all the industries and began to live in social insurance, and that the money was not enough, so he went through the country to sell his fried chicken method. Before he finally got a certain answer, he was rejected 1009 times.
lazy. Busy people are often the most lazy people. We have heard of a story of a businessman working hard to make money, and he works hard to provide better living conditions for your wife. He worked for a long time in the office and took a work home to do it. One day, he returned home, but found someone to go to the building, his wife left with his child. He has long known that there is some problems with his wife, but he would rather be busy with work without improving the relationship between the two sides. Sadly, his performance in his work also landslide, and finally he lost this job. I often encounter those who are busy with work and don't take care of their health. The reason is the same: they are very busy, they use busy work as a way to escape from some problems that they don't want to face. No one goes to tell them these, they cover up the problem. In fact, if you remind them, they often feel uncomfortable.
For many of us, we grow up in an environment that is greedy or desire to look like a bad thing. "Greedy people are bad people," Mom often said this. However, our hearts are eager to have those who have those beautiful, novel or delighted. Therefore, in order to control this desire, parents often want to teach us to inhibit this desire with a sense of being responsible.
Xinbin: Tell your employees: "Tell me if you think you need to praise today, this will be the basis for me to give you a salary." Save these things into your database when your database When you become bigger, it is the time when your business is getting bigger.
I feel that today's question is a sin of thousands of people who have been "greed", which is the old thought of the boy.
One person sits down and needs to ask: "If I am healthy, sexy, long, I want to do?" Or "If I no longer work, what will my life like?" Or "If I have my own needs All of the money, what will I do? "In this way, it is used to inspire people's yearning and pursuit of a better life. There is no point "greed", and I don't want to have improvement. Remember Michael. Douglas said in the movie "Wall Street": "Desire is a good thing."
Be your heart thinking is right - because you will always be criticized because you don't matter. If you are doing, you will be accused; and if you don't do it, it will be accused.
If you know that you are lacking in a certain issue, don't try to cover it, because it is deceiving yourself, what you should do is to find an expert in this area or find a book about this question, right away Start education.
Xinbin: I want to make mistakes, but there is no chance, and even the chance to make mistakes must create themselves.
start to act//
Each of us has an inner financial talent. The problem is that this financial talent has been in a sleep state. This kind of talent is in a sleeping state, because our culture regards the need for money as the source of evil, and put this concept to us, this concept prompted us to learn some skills and work for money. However, I have not taught us how to make money for us.
In terms of investment, most people choose to directly invest in a certain project, rather than first investing in learning about their own investment projects.
A plate of sound tape, there is a paragraph of words I don't agree. However, I didn't have a selfishness, but I was listening to at least 20 times in this paragraph 5 minutes by "replay" button, maybe more. Suddenly, I opened my own ideas and understood the truth of what he said. This is simply like magic, I feel like I open a window that is one of the greatest investors in this era. From this, I have to understand and understand his profound knowledge and experience, which has got a huge education.
If you want to learn some new things, then you need to make a mistake, only this can fully understand the knowledge you have learned. If you can read it here, you don't have proud and big problems, because arrogant people have little to read or buy tape. A truly smart person welcomes new ideas, because new ideas can increase the content of the daily tired ideology. Listening is more important, otherwise, God will not give us two ears, but only arrange a mouth. There are too many people who love to say and don't like to listen, so it is equal to giving up the opportunity to absorb more new ideas and possibilities, and they love arguments, rather than proposing questions and listening to others.
Wise investors often buy a not very popular investment, they know how profit is available when purchasing, rather than being available, they will wait patiently to make investment value. As I said, they did not count the market opportunity, just like a surfer, they always waited for the next big waves to hold them high.
You can have a wealthy friend near insider, because the money is earned by "insider information", so you can buy it before booming and sell it before the crisis. I don't say illegally, but the more information gets the more opportunities, the bigger the opportunity, the smaller the risk, this is the role of friends. This is also a kind of business
I am also away from my professional fields, discuss issues with many scholars in many nuclear physics and spatial science. Although I will not go to engage in nuclear power stations or spaceplanes, I have learned new knowledge and new opportunities from it makes my stock and real estate investment more and profitable.
The most important three management skills necessary to create your own career is: 1. Cash flow management; 2. Personnel management; 3. Personal time management.
"First pay yourself" this sentence from George. Krason wrote a book in Babylon's richest person. This book sells millions of books, millions of people are skilled in this sentence, but some people follow this suggestion. XINBIN: I did this when I was a big two.
The true purpose of this book is to tell you: There is courage to get rich. You may not be a weak person, but once it comes to money, many people tend to be awkward.
Therefore, the answer is: 1. Don't go to the debt burden on the back of the amount. To keep your expenditure low level. First add your own assets, then buy a big house or a good car with the cash flow generated in your own assets. It is not a wise choice in "Racing Run".
2. When you have a shortage of funds, to withstand external stress without driving your savings or investment, use this pressure to inspire your financial talent, think of having a new way to earn more money, then pay the bill. Doing so, not only improve your ability to make money, but also improve your business.
This principle does not encourage self-sacrifice or financial tightening, it does not mean that you will pay yourself first. Life should be happy. If you wake up your financial talent, you have the opportunity to have a lot of life in life: getting rich without sacrificing comfortable life as a bill. This is the business.
He insisted on giving professional compensation, and I also admitted this policy. Today, I hire expensive lawyers, accountants, real estate brokers, and stock brokers. Why do you do this? Because I think if they are professional talents, their services will create wealth for you, and the more wealth they created, the more money I earn. The broker is your "eyes" and "ears" in the market. They replace the market in place all day, and I can go to golf. Blind use of unknown economy is like that, you have to kiss many frogs to find a prince. Remember the ancient motto: "If you need an encyclopedia, don't find the encyclopedic salesman." "When I meet any experts who provide paid services, I must first figure out how much they have. Property or stocks and how much they pay taxes are applicable to my tax division and my accountant.
To find a broker who is very concerned about your interests. Many brokers will take time to educate you, then they may be the best assets you have found. Treat them fairly, most of them will treat you fairly. If you always ponder the commission to give them a commission, then what is willing to do our best to serve your interests? This is very simple logic.
My investment company
Therefore, wise investors must see the return on investment, and also see that once the investment will be recovered, the assets you have, are like white. This is also a business.
"If he loses all the money?" I asked. "If you encounter the difficulties, then you have to cross the past. I would rather lose everything now and I don't want to wait until he is in the age of us. And, I think this is all I used to educate him. The best costs in the money will benefit your life from the knowledge. He also seems to have a new respect for the acquisition and strength of money, I think he will not spend the big foot. "
In the section of "First Payment You", I said that if a person is not self-discipline, don't think about getting rich. Because in theory, an asset process is easy to generate cash flow, but it is difficult to have strong will of control money. Due to the kind of external temptation, in today's consumer world, it is easier to spend money on expenditure projects. Because of the weak will, the flow of money will not be blocked, which is the cause of most people's poverty and financial embarrassment.
To become the owner of money, you need more savvy than money, then money can do things according to your requirements, obey you, so you have become money master, not its slave. This is the business.
Hero people are more than just incentive, they will make problems look easy. Because of this, heroes have stimulated us to do our best, "If they can do it, then I can". "
I need money, so I will give others money, then I will recover these money again; I want to do sales, so I will help others sell things, so I can do sales; I need to set up a contract to do business, so I need to enter into a contract I will do my best to help others get a contract, just like magic, the contract I need has also come to me. I have heard a proverb that "God does not need to get anything, but what is needed." A person holding Chaihe sitting in the cold night, rushing to a fire furnace extinguished by a mushroom: "When did you give me warmth, when will I add Chai Wo?" It is promoted, involving money, love, happiness, sales and contracts, etc., people should remember that they must first pay for what they need, and then they can get double returns. Often, in the process of thinking what I need, and thinking about what I can pay for what I need, I will suddenly become very generous. Whenever I feel that people don't smile to me, I started to smile, and then, very magical, it seems that I have suddenly a lot of smiling people around. Indeed, your world is your mirror.
So I would like to say, "first get back". I found that the more sincerely teach those who want to learn, I have learned more from the middle school. If you want to learn about money, you must first tell others your opinion, then, new ideas and good inspiration will be like a mountain flood, spray.
There are also many times, although I have paid but there is no return, or not what I want, but most of my money is a good return. When he taught the knowledge you know very generously to others, he became smart. There are many power in this world than we have the ability to have, you may be able to succeed with your own efforts, but if you have this kind of power, you are more prone to success or greater success. What you should do is: I am very generous to my things you have. In turn, you will definitely get a generous return.
My neighbors said to me that 16% of the yield is impossible, but I didn't listen to him, because he never tried. .
If the offer is proposed, someone will say: "Agree." This kind of business game is simple.
I will stop talking to the driver. I also talk to the postal truck driver. From these people, you can get information about a particularly surprising information about a certain region.
Most people are looking for things that they can pay so they see are smaller things. They only bought a piece of pie but therefore pay more. People who only stare at little business will have a big breakthrough. If you want to get rich, you must first consider a big business.
Actors always beat no actors.
Today, even if it is just to survive, we also need to improve your own business. Only those who work can create money are the idea of people in financial immature.
I have encountered many people, they spent a life to find big business, or trying to raise a lot of money to do a big business, but for me, this is a foolish approach.
Xinbin: It is actually a lot like this book. There are a lot of people who buy such a book. If you can read it carefully, you can do something less according to the idea of the book. So most people still have not get rich. I used to be like this, I don't know if it is still like this, only five minutes of enthusiasm. I hope it is not yet, and it is a long time to add it.
