We’re taught from an early age, go to school, get a job, and scrape by until you can finally retire, and live a good life.
But the problem is, up to 80% of people are dependent on the government when they retire,
And, the Pension is quite meagre – for some people, it might be as little as 25% of what they are used to living on.
This means a retirement of scrimping and saving.
But, what if you could live on $120,000+ per year in your retirement? You could travel the world, help your kids and grand-kids out etc.
That’s what Robert Kiyosaki wants to help you to do with his book, Rich Dad, Poor Dad.
These are the 2 lessons you can learn from him to help you achieve that goal.
Lesson #1 – Understand the Language of Money
I basically stopped doing maths from year 8 onwards. I got behind and never caught up.
Yet, now I spend a lot of my time reading profit and losses from my different companies looking for trends etc. and analyzing stats about our companies performance.
Why? Because it’s important to me!
Whereas at school I was ‘emotionally disconnected’ from learning about algebra etc. at school.
Likewise, you need to learn how to understand the “language of money”, because it’s likely to be important to you!
Step #1: Create a “profit and loss” for your personal finances and investments and review it each month.
You’ll be amazed at the financial progress you make over time.
Lesson #2 – Make Your Money Work For You like a Rented Mule
Rich Dad’s rule #1 is first you need to work smart to earn your money.
Then you need to invest it in “assets” so you your money works hard for you.
Now, interestingly Kiyosaki’s definition of an “asset” is something that puts money into your pocket on a regular basis.
What is your current asset base? What is your next step to improve it?
A great example of a cash-producing asset is owning an Amazon business.
That’s because a well-run Amazon business can pay you a healthy income every 2 weeks.