One of the keys to riches is to read and write financially. That was what taught in the book Rich Dad Robert Kiyosaki, "Rich Dad, Poor Dad".
Wealth is then activated automatically as soon as you read was financially literate?
Not necessarily, and certainly not. Robert Kiyosaki believes that view, despite reaching a certain level of financial expertise that can avoid the financial and personal obstacles from achieving their financial goals. These people will stillcontinue to work full-time job, living from paycheck to paycheck instead of a life that they dream about.
Robert Kiyosaki above 6 Customizable obstacles to your financial success as
1. Fear
2. Cynicism
3. Laziness
4. Bad Habits
5. Arrogance
6. Disappointment
1. Fear
The main reason why 85% of the global financial struggle is fear - the fear of losing money. But fear is not the real problem here. The real questionis, as you fear. Robert Kiyosaki explains.
Robert Kiyosaki's Rich Dad understood that the essential difference between rich and poor, as they manage the fear of losing money, too. If the loss suffered in finance, some would simply give up. Others will try to turn the loss into a victory.
When John D. Rockefeller said: "I have always tried to use every disaster as an opportunity."
The winners are those that are inspired by disturbances. The losers are thoseDefeat against outages. In short, the rich are still acting, in spite of fear.
Robert Kiyosaki said that people are so afraid of losing money, they played it too safe and not finally reach their financial success. If they have some money, most people would go and bug big houses, big cars and other "me" toys. Or they would in the long vacation, they will be justified, as it deserves, rather than invest.
If not, they invest their money in a balanced portfolio- CDs and low-yield bonds and mutual funds and a few individual stocks. Continue to play by the fear that these people, not to lose. The majority of us fall into this category. We want to protect our capital. We are low risker customers. Of course, a balanced portfolio is definitely much better than no portfolio. It aims to improve security through diversity. It is important to have a budget for safety and comfort first.
If you are rich but the wish to be, you have to concentrate andnot diversify.
You need a lot of eggs in a few baskets, instead advocates a few eggs in many, as by Robert Kiyosaki.
If you are scared by the prospect of failure, then play it safe first. Continue to keep your day job until you have accumulated enough money to buy bonds and mutual resources. Consult with your financial adviser or planner to see what should be your portfolio when needed and adapt as you goes along. They work to achieve your securityand comfort Pre work to achieve your financial goals. Your journey to your financial goal is therefore much slower, and take a very long time.
If the possibility of failure, but you inspired to lead the fight for your economic success, you can call in question to change your financial habits.
It says "No risk, no gain". Higher return on investment is usually accompanied by higher risk. If you get the high return on investment,You need to stay at a higher risk level. Do not play more safely. You must increase your risk tolerance and learn to be taken on some financial risk is calculated based on your financial literacy.
As Robert Kiyosaki says: Improve "you enter into your financial knowledge and learn to be charged up to a certain financial risks. The more financial education you have, the more you can manage and minimize the risk."
Managed the risks well, and the gain will follow, and you'll be on theFast-track your financial goals.
In the next articles, I will carry on to describe the rest of the personal obstacles to your financial success as defined by Robert Kiyosaki.
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