A Lesson from Rich Dad

Posted by: passivegirl Post date: August 7th, 2008

Welcome back!

Rich_dad_prophecy I am currently reading Rich Dad’s Prophecy and although I am a fan of the Rich Dad books I don’t know why but I wasn’t expecting much of this book. That was certainly a mistake and I highly recommend this book to you.

The Rich Dad books are well worth taking the time to read especially if you want to learn sound financial principles and not work for someone else for the rest of your life.  This book teaches you how
to build an ark, as Robert Kiyosaki calls it, for the coming financial storm.

What I am going to talk about had a massive impact on me because it really contains a powerful lesson about what makes the difference between staying poor or getting wealthy.

What do you want to be when you grow up?

That’s what he asked of a group of students at a real estate seminar.

But despite what you might think this is not a re-run of the pep talk
from your parents, or the careers advisor just before you left school,
what is actually being asked here is not about what profession you
want to follow but:

  • Do you want to grow up to be more or less honest?
  • More or less reliable?
  • Have more or less integrity?

These students are asked these questions because they have all been
making excuses as to why they wouldn’t be able to follow the advice
being given at the seminar. What comes out of the discussions that
follow is:

  • Are honesty, reliability and integrity important to you?
  • Assuming yes, consider this…
  • Excuses are lies you tell yourself

Read that again

OK let me explain

Do you say:

  • I don’t have time?
  • I don’t have the money?
  • My credit rating is bad?

Thought so….so do !

The book advises to turn that around into a more truthful statement:

If I say I don’t have time, then if I’m honest with myself I’m saying
‘I am not willing to make the time’

It goes on to say:

Don’t make the facts of your lives excuses for your lives

Pow that hit me!

Raise the standards on yourself, if you don’t your life stays the same

Pow again!

Excuses (lies) hold us back, no one else

The book goes on to advise:

Lies (excuses) – come from the loser in me

Honesty – comes from the winner in me

Let the winner take over, ask instead ‘How can I make the time?’

So, how can you and I make more time?

Can we learn something on audio whilst driving?

Can we get up an hour earlier?

Can we read something whilst the dinner is cooking?

Can we miss that TV programme and spend an hour building our business instead?

Or do we want our lives to stay the same as they are now?

It’s our choice


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