Tuesday, December 20, 2011

The Re-reading of Rich Dad Poor Dad.

As a Future Millionaire it’s something that you should do often. Mainly because it’s a hard concept to embrace. It tells you everything that you ever learned about making money is false….similar to what I do here on this blog. When you get through the first two chapters you start feeling one of three ways:

1. Rober Kyoski is full of sh*T

2. Why didn’t I read this sooner, I feel so dumb.

3. Glad to know I’m on the right track.

In no uncertain terms, Mr. Kyoski basically says that going to work everyday makes you a Jack Ass. He portrays it as having a carrot dangled in front of you while you pull the cart. You identifiy yourself with that donkey, pulling the corporate American cart.  I shouldn't say that going to work makes you a Jack Ass, but going to work and expecting to make it something it's not makes you a Jack Ass.

That’s not where you want to be.

In the middle of the book you start to think, “I want to be the farmer with the carrot”.

That’s not toally true either. You are still working everyday. You still have to get up in the morning, load the cart, put the carrot on the string and dangle and walk for hours.

Yes you have all the carrots you can eat so you are better off then the mule, but you still had to get up at the butt crack of dawn to make that happen.

You want to be the guy who owns all the farms. You buy and work the first farm. You get it to the point where it is making $2000.00 per month. You streamline the process and pay someone $1500 per month to run it.

Move to the next farm. You get it earning $2000 per month, you pay someone $1500 to run it. Move to the third farm and fourth farm. You are good at this so you do it with less work in less time. Now you have four farms, with four farmers working them. Each one is happy to make $1500 per month, and you are making the same $2000 you were making before, but you get up at noon now.

You play golf and spend time with your family. You have four farmes with their mules handing out carrots.

The Owner, the Farmer, the Mule. Don’t kid youself, just because you hanve an MBA, a big office and a good job, but a slong as you have to go to work every morning you can still be a jackass!