Posts Tagged ‘Rich Dad’

Donald Trump and Robert Kiyosaki came together through The Learning Annex where both were speakers.

Among other things it shows the power of networking. Through a chance meeting two teachers started to think of a book they could write together. They both are involved in Real Estate, but at vastly different levels. Robert buys apartment buildings and commercial properties, Donald Trump builds skyscapers and multi million dollar developments.

� They decided to write a book that discusses the current state of the world and what folks can do to ensure they’re own security. As baby boomers age and retire over the next few years, social security, medicare and medicaid aren’t likely to cope. If you are around my age, 35 as of today, chances are if you can’t take care of your own retirement you will be below the poverty line.

� 401k’s were designed for CEO’s and those on super high salaries, not for the average joe. What does this mean? Simply that as the 401k is a savings plan, unless you can pump A LOT of money into one over your working life you will not have enough to retire on.

� It is up to you to ensure your future, find your strengths and work with them so that your financial IQ is sufficent to see you through a future where the government can not be sure to take care of you.

� The book is more interactive than a lot of similar books and isn’t all doom and gloom. It has activities at the end of each chapter where you can note down your own experiences and learn from them.

It’s moral is that you can rely on yourself to get you through and that everyone should be taking an interest in their own financial learning. While not taught in schools, everyone should take an interest in how money works. Take a little time each week to read a book/ attend a seminar or network with like minded people.

I know it has re ignited my own thirst for knowledge and I am making a concerted effort to learn more while making new efforts to build my businesses.

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I hope you find this interesting … Kind regards

Shane

Buy it at Amazon