"Rich Dad Poor Dad" Reading Notes ~ Overcome Difficulties

>> Overcome difficulties

The main difference between the rich and the poor is the way they deal with fear.

>> There are 5 main reasons why people with financial literacy sometimes fail to accumulate asset items that are lucrative and generate a lot of cash flow:

1． fear.

2． Cynical.

3． lazy.

4． Bad habits.

5． conceited.

Really, (there is no discrimination against the rich and the poor, just a noun) Just take myself as an example, it is not good to cite others. When I went to work, the wallet was dead, the thought cage was tightly trapped, and I didn't see what investment I was going to do, and I wouldn't lose a penny in these aspects.

But after doing business with my partner, losing money is a common thing, and the principle of my object is that you can't make money in everything, you have to let the customer taste the sweetness. Then there will be a certain amount of damage rate in everything, as long as it is within the range, don't make a fuss, just do everything.

>> Overcome fear

I've never met anyone who likes to lose money, but in my life I've never met a rich man who hasn't lost money, but I've met many poor people who never lost a dime — I mean in investment activities.

>> If you hate taking risks and worry about losing money, start building assets early. ”

>> If you start accumulating at a young age, you'll be more likely to get rich.

>> favorite is the Texas attitude to life, Texans will be proud when they win, and they will not forget to brag when they lose. They have a proverb, 'If you're going bankrupt, there's nothing left'. ”

>> The biggest reason why most people are not financially successful is that their approach is too secure. "Because I am too afraid of failure, I will fail."

>> Everybody wants to go to heaven, but nobody wants to die.

>> Failure motivates the winner and crushes the loser.

>>I aim to turn every disaster into an opportunity."

>> the main reason more than 90 percent of Americans have financial difficulties is that they manage money to avoid losses, not to make a profit.

>> If you have little money and want to get rich, you have to focus on one point first, not on balance

>> Those who succeed are certainly not in the beginning to seek balance, and those who pursue balance will only stand still. To progress, you must first be unbalanced and pay attention to how you can keep improving.

>> If you have the desire to get rich, you have to concentrate. Don't be like the poor and the middle class: put very few eggs in many baskets. Put most of your eggs in fewer baskets and focus: stick to an investment strategy until you succeed.

>> If you don't want to fail, invest safely; if the loss hurts you badly, be safe and make a "balanced" investment.

>> It's actually very easy to accumulate assets, it's like a game of low IQ, you don't need much education, the fifth grade math level is enough. However, investing with assets is a highly intelligent game that requires guts, patience and a good attitude towards failure. Losers avoid failure, and failure is supposed to turn a loser into a winner. So be sure to "remember the Alamo".

>> Overcome the "cynical" mentality

>> Mistakes are the best learning opportunities

Making mistakes is a good thing, provided we learn from every failure.

>> We often need great courage not to let rumors and unfounded doubts exacerbate our fears and doubts.

>> A smart investor knows that what seems like the worst times are actually the best times to make money. When others are too frightened to act, they preemptively reap the rewards.

>> Enrich yourself with debt and tax laws

>> With financial quotient, you can better understand the difference between good debt and bad debt, as well as using the tax code to increase your wealth.

>> The cynic complains about reality, while the successful one analyzes reality. ”

>> Too much greed is not a good thing, but a little greed can motivate you to keep moving forward.

>> Overcome bad habits

To be successful, you have to develop good habits.

Overcome laziness. The most common manifestation of laziness, a kind of laziness disguised by busyness.

Overcome conceit

"What I know brings me money, and what I don't know makes me lose money.