Sunday, November 19, 2006

New Book -- Why We Want You to Be Rich



I just picked up the new Donald Trump and Robert Kiyosaki (Rich Dad, Poor Dad) book entitled "Why We Want You to Be Rich."

I haven't read the whole book yet but I think it will have some interesting comments. The introductions states:

"The rich are getting richer, but are you?

"We are losing our middle class, and a shrinking middle
class is a threat to the stability of America and to the world
democracy itself. We want you to be rich so you can be part of
the solution . . . rather than part of the problem."

Chapter 21 is titled: "I am Still In School, What Should I Do?" Some of the key points:

Robert
  • If you're in high school or younger -- focus on having fun.
  • If you are growing up in a family who think wanting to be rich is bad, even evil, keep quiet. Find friends that think like you.
  • If you have a supportive family take them along for the journey.
  • Remember to be kind and respectful to all kids and not be a snob.
  • Take time to learn from your mistakes rather than trying to avoid making mistakes.
  • Two great exercises -- prepare a budget and learn how to make money with money.
  • Seek out a mentor/apprentice relationship.
  • Complete your education
  • Study accounting and business law (that doesn't mean you need to become an accountant or lawyer!)
  • Understand cash flow

Donald

  • Raise the bar on yourself. Never settle for doing "enough."
  • Keep up with current events worldwide.
  • Do not neglect your life skills.
  • Spend some time on your focus.

It seems that they cover many of the points that I plan to talk about here. While I can't recommend the book yet since I haven't read it all, it might be something to take a look at. Stay tuned!

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