السبت، 27 يناير 2018

This is the simple key to success

Here’s is what my rich dad said about creating success…
If you want to be rich, don’t work for a business. Own a business.
My highly-educated poor dad worked hard being an employee. By working hard, he got promoted and gained more responsibility. But as he climbed the ladder, he had less and less time to spend with his children. He left for work at seven in the morning, and we were often in bed before he came home.
Success as an employee often brings you less and less time.
Rich dad worked hard as a business owner and as an investor.
He climbed his own ladder, and the higher he climbed, the more time he had for his family. When his business reaped profits, he expanded the business and simply hired more people to do the work.
Rich dad’s central strategy for achieving financial freedom was to build a business of his own.
His reasoning was that most people work for:
1. The owners of the companies that employ them,
2. The government through taxes, and
3. The banks that own their mortgages.
No wonder they have little left at the end of their working days!
To escape the Rat Race, rich dad would say, “You need to work for yourself.” You may be saying, “But the odds of a start-up succeeding are against me. Nine out of ten companies fail within five years.”
Instead, say to yourself, “One out of every ten businesses succeed within five years, and mine will be one!”
You must be very determined if you want to build your own business, but if you are, you’ll have a head start down the path to financial freedom.
Starting a business is not for everyone. Don’t worry. If you choose not to start a business, then you can still achieve financial freedom, albeit more slowly, by keeping your expenses low, reducing your liabilities, and diligently building a base of solid assets.

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