Have you ever respected and/or listen to successful people from the bottom of your heart instead of having hatred and disrespect them? Have you ever wondered how they have gotten to the place where they are? No matter what they do regardless of how people think about them, they work hard, reach their goal and achieve financial freedom.
My successful mentor, John Shin always mentioned this to me, if you want to be successful in general, you have to ask yourself a great question. Asking a great question always leads you to a great result. Now I don't forget even if I want to because I understand what that means. In terms of finances, making a right decision to accumulate cash would cause significant result in your future, especially in the long run. If you are born poor, it is not your fault, but if you die poor, it is your fault. The starting point between rich people and poor may be different. However, we are 100% responsible for our actions and decision every single sec we make in our lives. We cannot change our parents, current financial status and anything that has happened in the past, however, we can change our future to be better.
There is a book multiple mentors recommend me to read, "Rich Dad and Poor Dad". This book gave me the insight of how a capitalism is designed. Eventually, this book became my favorite book and changed how I think about my life for good. Frankly, I read this book more than 3 times in Japanse version and English version for curiosity although the content is the same. The more I read, the more it convinces me to understand how poor mindset has been planted in me. This was written by Rober T. Kiyosaki, he was born in Hawaii and raised by his own intelligent father. Although, he is referring to his own dad as Poor Dad. His father has Ph.D. degree working for the government with a decent job and great salary. You may wonder why he is calling him dad poor dad, correct?
In general, Majority of people listen to their parents and accept their advice without having any doubts because simply they care about you more than anybody else. The logic behind it is that why would my parents' fool or lie to me? The conclusion is that they must be right. Then most people pursuit what parent want you to do. For example, Go to school, get good grades, and find a safe secure job. We simply love our parent and respect them. If they raise you with the decent moral and common sense, probably doubting parents won't cross your mind. However, it comes to Robert Kiyosaki, he decided to call his father a poor dad and decided not to listen to him. Instead, he decided to listen to his friend(Mike)'s dad, he is referring him a Rich dad and took every advice seriously more than his own dad. By the way, this rich dad becomes the wealthiest person eventually in Hawaii. I won't mention much about the contents of Rich Dad and Poor Dad here but it is worth reading.
This book talks about Cash Flow Quadrant which categorizes people based on where their money coming from. This is the basic concepts to succeed financial freedom.
CASHFLOW Quadrant ®.
E for employee
S for small business owner or self-employed
B for big business
I for Investor
Probably you already know which group you belong to by now. Most people are categorized in the E quadrant and working for someone else's business. In fact, according to the report Survey of Business Owners, 90 % of people American workers don't own business. Those are the people who are looking for a secured job with decent pay & good benefits.
People go to school and learn how to work for money. This is the ultimate way to become an employee. It was astonishing to realize the fact that my mind was poor. Truthfully, this book made me realize that I was blind, I knew there was something that not clicking inside of myself and finding myself in dissatisfaction even after achieving a Master's degree with a decent job.
This explains the various career path and tax system structure. This also talks about how they get income. Technically people who belong to the left side of the quadrant are getting active income, meaning that they are trading their time for money. In order to make money, you must perform something from zero. However, people belong to the right-hand side, they receive passive income, basically, you don't have to present to generate income. Such as real estates, stocks, bonds are sources of passive income. How this design is that you can make income while you are asleep. Truth, it is not easy to become a business owner. Most people end up struggling to find an idea to come up with products and marketing strategy to sell or creating a system to receive income, passive income.
A part of my service is to prove a business for you to build on your own. We provide financial products which are design to make money using money including stocks and bonds, mutual funds and life insurances. Please feel free to reach me.
<Recommended Book>
Rich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom
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