Poor Dad, Daddy Notes
XINBIN: Learning financial knowledge, at least let you know how much you should, how much you actually get, how your money enters the pocket of the rich, if you want to continue your money into the pocket of the rich, You don't have to learn. 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.
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 your life, plus a bit of reason.
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" and so on. 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.
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, I have no counsel.
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 and 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 tape, etc. to grow knowledge and improve their skills and finally 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.
The incredible 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 less from middle school. not enough.
