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marumrkk ([info]marumrkk) wrote,
@ 2010-12-01 20:30:00

Previous Entry  Add to memories!  Tell a Friend!  Next Entry
@@@@@We had learned to have money work for usBy
@@@@@We had learned to have money work for usBy not getting paid for our work at the store, we were forced to use our imaginations to identify an opportunity to make moneyBy starting our own business, the comic-book library, we were in control of our own finances, not dependent on an employerThe best part was that our business generated money for us, even when we weren't physically thereOur money worked for usInstead of paying us money, rich dad had given us so much more

CHAPTER THREE
Lesson Two:Why Teach Financial Literacy?

In 1990, my best friend, Mike, took over his father's empire and is, in fact, doing a better job than his dad didWe see each other once or twice a year on the golf courseHe and his wife are wealthier than you could imagineRich dad's empire is in great hands, and Mike is now grooming his son to take his place, as his dad had groomed us
In 1994, I retired at the age of 47, and my wife, Kim, was 37Retirement does not mean not workingTo my wife and me, it means that barring unforeseen cataclysmic changes, we can work or not work, and our wealth grows automatically, staying way ahead of inflationI guess it means freedomThe assets are large enough to grow by themselvesIt's like planting a treeYou water it for years and then one day it doesn't need you anymoreIt's roots have gone down deep enoughThen, the tree provides shade for your enjoyment
Mike chose to run the empire and I chose to retire
Whenever I speak to groups of people, they often ask what I would recommend or what could they do? "How do they get started?" "Is there a good book I would recommend?" "What should they do to prepare their children?" "What is the secret to success?" "How do I make millions?" I am always reminded of this article I was once given

THE RICHEST BUSINESSMEN

In 1923 a group of our greatest leaders and richest businessmen held a meeting at the Edgewater Beach hotel in ChicagoAmong them were Charles Schwab, head of the largest independent steel company; Samuel Instill, president of the world's largest utility; Howard Hopson, head of the largest gas company; Ivar Kreuger president of the International Match Co one of the world's largest companies at that time; Leon Frazier, president of the Bank of International Settlements; Richard Whitney, president of the New York Stock Exchange; Arthur Cotton and Jesse Livermore, two of the biggest stock speculators; and Albert Fall, a member of President Harding's cabinetTwenty five years later nine of them (those listed above) ended as follo


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