READ 96 Group 2 am discussion
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Rich Dad, Poor Dad
Journal #3
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by
Melissa
(new)
Oct 24, 2013 06:56PM
Personal Finance. The book is about Robert the author and how he grew up with his “rich dad”and “poor dad”. To not “let your self work for money but let money work for you”. The author wants me to know many things about personal finance but the main topic is “do not work for money let money work for you”. In this way you do not let money control what you want or do not let money stress you out.When you start to think as money as a factor in happiness to your life then you are doing something wrong. Everyone is involved in personal finance from the most THRIFTY person to the most AFFLUENT everyone has been involved with personal finance. In this book the person that most benefitted from financial growth is Roberts VENERABLE “rich dad”. He may have not gone to college but he was the most wealthy man in Hawaii. The person who suffered the most was Roberts “poor dad” even though he was well educated it does not mean he was always wise in financially. Another reason he was “poor” is because he was working for money and was always really stressed about money. Personal Finance is when you let money work for you and you do not work for money. I would describe personal finance as being financially free with no debt because you have spent money wisely. Personal finance is similar to being wealthy financially because you make good decisions on where you invest your time and money.Personal finance is made up of thinking outside the box. Personal finance and being financially wealthy are related because with a good personal finance skill comes being wealthy. Roberts first personal finances came along when he was only nine years old and got 10 cents an hour and he can only work three hours he saw that he can only buy one comic book when he wanted because they were 10 cents. Then he realized that 10 cents was a little and complained to “rich dad” that his salary was to low. Then came a raise only if he understood the lesson that people work for there money and they do not let money work for them. The consequences of working for money is that you are secretly not happy because of your finances.Taking control of your personal finances may be hard because it is a set of mind that money works for you and the sooner you realize that the more happier you are and the more wealthier you get. Roberts first personal finances came at the end of lesson number one. Robert was very hard headed to know the mind set that you must know how money works for you. He did not get the raise he wanted from “rich dad” until he realized that mind set. Robert found that personal finance when he was in the dark office of his “rich dad”.The only way he realized that personal finance state of mind was when his “rich dad” kept repeating that many people work to work and they do not know the background of there job and they do not know that they are working for money.When people realize that money needs to work for them then they become wiser on how they spend and make money. The causes of personal finance is that when you know why you are working so hard for money. Personal finances only occurs when you know that money is working for you. When you realize you are a slave to money and you change it then you automatically are closer to personal finance. When Robert realized that he needed money to work for him he opened up a library to rent comic books that he already had and made money on the side. When you think out the box that is when you come up with the most brilliant ideas and when you do you have to experiment with those ideas. Robert realized that personal finance comes with lots of perks. So, he immediately changed his mind set to how can I make money off of things I have that others do not. Robert made personal finances in many ways one was a library of comic books. Personal finance all works in your mind set once you have the mind set of how can I make this a business opportunity then that will make a big difference in your life dramatically.Another way to have personal finance mind set is knowing where to put money and see it grow with a little help or your own time.
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