Friday, June 12, 2009


Two Dads Two Philosophies

Rich Dad Poor Dad’s monumental success showed that Robert and wife Kim
Kiyosaki, co-founders of The Rich Dad Company, were on the right track
in their mission to educate and empower people by improving their
financial literacy.

Robert’s financial philosophy was honed at a young age when, having
been raised by two “dads,” a rich one and a poor one, he had been
taught to strive for two different goals. His educated father (his real
father) wanted him to go to school and get a cozy corporate job. His
rich father (his best friend’s father) told him to own the corporation.

Both men were successful in their careers and earned substantial
incomes. Yet one struggled financially his entire life. The other would
become one of the richest men in Hawaii. One left his family with
millions, while the other left unpaid bills. Both men valued education
but different courses of study.

Both had different views of money—one
believed money to be the root of all evil; the other believed the lack
of money was the root of all evil.

Robert Kiyosaki compares his poor dad to those people who are perpetually
scampering in the Rat Race, helplessly trapped in a vicious cycle of
needing more but never able to satisfy their dreams for wealth because
of one glaring lack: financial literacy. They spend so much time in
school learning about the problems of the world, but have not acquired
any valuable lessons about money, simply because it is
never taught in

As a young man having two “fathers,” Kiyosaki realized he needed to be
careful about which thoughts and words he adopted as his own. At 9, he
decided to listen to and learn from his rich dad about money. And in
doing so, his education about money began. His rich dad taught him over
a period of 30 years, finishing when he fully understood that money is
only one form of power.

To put in short, financial education is where the real power
lies. Any comment and opinon is welcomed.


Important forms of IQ

It’s been 11 years since the publication of Rich Dad Poor Dad. RobertKiyosaki’s mega-hit best seller not only challenged our preconceptionsabout money, it cast light on what he says is an antiquated educationsystem that teaches subjects which mostly will never apply in real life,preparing for a world that will never exist.

I must admit after finished reading Robert Kiyosaki, it makes me understand the importance of Financial IQ. Everyone of us have this type of IQ, just need time, commitment and guidance to further nurture this very useful IQ.

In his book Poor dad, Rich dad, Robert Kiyosaki presents six major lessons which he discusses throughout the book:

The rich don’t work for money
The importance of financial literacy
Minding Your own business
Taxes and corporations
The rich invent money
The need to work to learn and not to work for money

There were hundreds of financial books, in his view, that said the samething. He wanted to let the education system know that it was a failure for the current system in teaching children what they need for financial success. He wanted toshake up parents by telling them some of the most dangerous advice theycould give their children was to go to school, get good grades and lookfor a safe secure job.

This advice was based on the old rules of money when people worked for one company for 30 years and retired with a fat pension. Those days arelong gone. With corporate mergers and downsizing happening every month,Robert Kiyosaki says it’s just too risky to play by the old rules. In the end, employees lose and owners and investors win.


Abraham Lincoln Didn’t Quit !!!

Probably the greatest example of perseverance & persistence is Abraham Lincoln. If we want tolearn about somebody who didn’t quit, look no further. I am sure u will feel amaze with Abraham Lincoln great determination.

Born into poverty, Lincoln was faced with defeat throughout his life. He losteight elections, twice failed in business and suffered a nervous breakdown.
He could have quit many times - but he didn’t and because he didn’t quit, hebecame one of the greatest presidents in the history of our country.

Lincoln was a champion and he never gave up. Here is a sketch of Lincoln’s roadto the White House:

· 1816: His family wasforced out of their home. He had to work to support them.
· 1818: His motherdied.
· 1831: Failed inbusiness.
· 1832: Ran for statelegislature - lost.
· 1832: Also lost hisjob - wanted to go to law school but couldn’t get in.
· 1833: Borrowed somemoney from a friend to begin a business and by the end of the year he wasbankrupt. He spent the next 17 years of his life paying off this debt.
· 1834: Ran for statelegislature again - won.
· 1835: Was engaged tobe married, sweetheart died and his heart was broken.
· 1836: Had a totalnervous breakdown and was in bed for six months.
· 1838: Sought tobecome speaker of the state legislature - defeated.
· 1840: Sought tobecome elector - defeated.
· 1843: Ran forCongress - lost.
· 1846: Ran forCongress again - this time he won - went to Washington and did a good job.
· 1848: Ran forre-election to Congress - lost.
· 1849 Sought the jobof land officer in his home state - rejected.
· 1854: Ran for Senate ofthe United States - lost.
· 1856: Sought theVice-Presidential nomination at his party’s national convention - got less than100 votes.
· 1858: Ran for U.S.Senate again - again he lost.

1860:Elected president of the United States.

Origins: The unsourced"Abraham Lincoln Didn’t Quit" list is a ubiquitous piece of Americanhistorical glurge.

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Just leave a comment. THANKS