Rich dad, poor dad, poor man?
By utsadetti
@utsadetti (4589)
United States
December 12, 2006 2:56pm CST
I've read the book, i also often follow the rule of thumbs Kiyosaki gave me. Last time I read and showed in TV Kiyosaki and Trump gave the talk about being rich. But until now i'am still poor man, cannot adopt and adapt what Kiyosaki asked me to do. Maybe should I just follow the simple steps to be successful, that's already applied by most people surrounding me?
5 responses
@rocky777 (353)
• India
14 Dec 06
Getting rich does involve taking some risks along the way. The best way to do this is outlined in the book "How to make one hell of a profit and still get to Heaven" by Dr. John Demartini. I will outline it here, it does presuppose that you are saving something:)
Start with having about 2-3 months of living expenses in your bank account.
Next save 2-3 months of your monthly expenses in a bank fixed deposit (no risk of loss, low interest)
Next when you have 2-3 months worth of savings, move to a slightly more risky investment, like an index fund, so that you earn a higher interest.
When you have saved up for that, move to a diversified mutual fund.
Next do the same with a sector mutual fund
Next shares, then futures and options and commodities.
All along the way, you will need to upgrade yourself with education about each product.
For more info go to http://hwh.50webs.com - coming soon!
(Not live yet!)
@utsadetti (4589)
• United States
13 Dec 06
I try to run a small business. Like small shop. But it takes 100 years to become rich?
@GLOBALSHEEN (1005)
• India
12 Dec 06
What have you done after applying those principles ? Are you interested to join for a business venture where money grows exponentially ?
@totolotto (711)
• Singapore
13 Dec 06
hmmm what are your simple steps to be successful? do you mean finding a job or starting a biz?
@utsadetti (4589)
• United States
14 Dec 06
i prefer to find a job. but what kiyosaki talks about is disturbing me.