Nearly a decade ago, I read the personal finance management best-seller Rich Dad Poor Dad by one Robert Kiyosaki and Sharon Lechter. It is a simple but inspiring book on how one can attain financial independence.
With the New Year still “new”, I know from many years past that some are still pondering on their resolutions whilst others may have already filed them away ready to review when time permits them to do so. In this regard, I thought of sharing some investment tips from Kiyosaki to add value and a reminder to consider taking action now before 2019 passes us all by.
Here is an e-mail that landed in a fellow associates inbox the other day from the Kiyosaki team:
How do you know if the financial advice you are getting is good/bad?
Good financial advice is priceless. Good financial advice can be the key to success.
Bad financial advice is expensive and will cost you a lot more than just money.
Your mind ultimately is your greatest asset. So, be very careful of what kind of advice you invest in it.
When someone offers you financial advice, you need to ask yourself:
“Is this person giving me advice to make me rich, or giving me advice to make themselves rich.
My rich dad said: “Most people struggle financially because they take advice from sales people, not rich people.” They take financial advice from sales people such as stockbrokers and real estate brokers. As my rich dad said: “The reason they are called brokers is because they are broker than you are.”
Be very careful who you get your financial advice from. There is a big difference between financial advice from rich people versus sales people.
To making life better,
The above note should provide some food for thought. Who is your financial or investment adviser? Which are the viable avenues to invest your money?
Perhaps the following could also give you some insights. It is all courtesy of Kiyosaki’s Rich Dad Coaching towards financial independence:
- On learning: Never depend on single income. Make investment to create a second chance.
- On spending: If you buy things you do not need, soon you will have to sell things you need.
- On savings: Do not save what is left after spending, but spend what is left after saving.
- On taking risk: Never test the depth of a river with both feet.
- On investment: Do not put all eggs in one basket.
- On expectations: Honesty is a very expensive gift. Do not expect it from cheap people.
Above all, always remember that past is a waste paper, present is a newspaper, and future is a question paper. Come out of your past, control the present and secure the future.
Things may not always work out according to our plans. In such situations, when bad things happen in your life, you have three choices. You can either let it define you, let it destroy you or you can let it strengthen you. As you have taken the time to actually read this post, and I value your feedback, I will personally gift you $50 cash, no strings attached by simply clicking the original email download link “Grab Your Free Ebook & Let’s chat Click Here!” and inserting this code: nostrings$50gift directly after the postcode entered to receive. This offer expires February 28th 2019.
In New Year, explore more avenues of investment to achieve your financial goals. Do not put all your eggs in one basket. Spread the risk.
From myself and the Zenith Wealth Management team we wish you a fun filled and adventurously prosperous New Year 2019