Finance Explained

1) Rich don’t work for money, money work for them.
2) Mind your own business.
3) The rich invent money.
4) Work to learn, don’t work for money.
5) Self Education.

1) Rich don’t work for money, money work for them:-
Just think that you hire money as a person were he everyday works at market to make some money or profit for you and you are sitting idle at home. Isn’t it that great thing to think. “The Rich Dad Poor Dad” author “Robert Kiyosaki” trys to teach us the same thing. Invest your money wisely in some assets which can go in market every day and earn some interest on it for you.
The poor people are happy with just one single stream of income they have that is salary. In job you gave your efforts and time and just get a paycheck at the month end that can leave nothing for you in end after your expenses. Once your money goes into your assets or investment it becomes a worker for you, but you need to know which assets (worker will work great for you).

2) Mind your own business:-
The Rich focus on their assets column while everyone else focuses on their expenses statement. The most people work for everyone but themselves. They work first for the owners of the company then for the government through taxes and finally for the bank that owns their mortgage. Financial struggle is often result of people working all their lives for someone else. Robert wants to say that minding your own business means keeping your day time job, but start buying real asset and not liabilities.

3) The Rich invent money:-
Try to find more sources of income beside your salary. The single most powerful asset we all have is our mind. If it is well trained it can create enormous wealth. The great opportunities are not seen with your eyes they are seen with your mind. Even in todays world there are some golden opportunities that have been available for you try to see it with your mind. Often in the real world it’s not the smart who get ahead, but the bold.

4) Work to learn, don’t work for money:–
It is different from the first point. You should always work to learn something new to educate yourself and increase your IQ. But most of the people work just for salary and not interested in their work. The poor only have expenses, the middle class have liabilities that they think they are assets and the rich only focus on assets.

5) Self Education:-
The school education can help you to cover your living. But the life’s self learning can make you great wealth in the future. The school system also want a worker who can work in a corporate. They never focus on the financial education which is also important for them to understand earlier in their 20s. Many educated people work for less educated people. Many will not understand this but these is truth. It’s not like leaving your school academy but you need to have both in your early age. If you think that your life is going great and you are always right then your in danger. Some time you can be worng or you might fail just accept it gracefully.

As a conclusion we learn,
1) Don’t work for mone, let money work for you.
2) Mind your own business means to focus on your assets column and work at your day time job.
3) The rich invent money, try to find new sources of income.
4) work to learn not for money, educate your self with financial education.
5) self education. The school knowledge will help you in your school and in office work. You need to have a habit of saving and investing it wisely

Thank you so much for reading the blog till here it means alot for me. I hope you’ll also visit my earlier blog to (CAN SLIM) formula by “William J O’Niel” where you can learn to invest your money wisely in stock market.