The pitfalls of life: fear and greed for money

Read Rich Dad Poor Dad (pp. 39 to 74) and finish this chapter.

This part is mainly written, to learn to avoid the traps of life: fear of money and greed.

It's fairly normal to want something better, prettier, more interesting, or more exciting. But fear and greed for money stick us to a pattern.

In the beginning, the fear of not having money will prompt us to work hard, but also afraid of losing our jobs, what to do if we have no money, the mortgage must be repaid, the credit card must be repaid, and the food and drink lasa will have to use money.

After getting paid, greed or lust makes us want to have, all the things that can be bought with money, and then change to a bigger house, buy a new car, change a limited edition watch, and so on. This creates a pattern.

Get up, go to work, pay the bill, get up again, go to work again, pay the bill again, and our lives are controlled by fear and greed. Even if there is more money, this cycle will be repeated at a higher expense. This pattern is called: "Rat Racing." ”

Why is that? Fear and greed or desire are emotional reactions, not thoughts.

We can exploit fear and greed or desire in the way we like, but don't let them control our thoughts.

So what do we do?

Ignorance makes fear and desire stronger, and ignorance of money leads to fear and greed. We should think rather than react emotionally, using thoughts to control emotions, not emotions to control thoughts.

Establish financial thinking in daily life, how to deal with the money after making money, and how to prevent others from taking the money from us.

This requires us to understand our financial situation, to learn about money, some financial knowledge.

Impressions of this chapter:

Learn to use the thinking of rich people, let money work for us, learn financial knowledge, rationally plan the use of money, take out a part of the money, and let the money make money. Even if you don't work, you don't worry about not having money.

The rich use money to hire others and create value for them, while the poor sell their time to earn wages, and when the wages are in hand, they buy, buy, and buy. Money can be earned again, but time is gone, the most valuable thing is time, use time to build your own real skills.