Why stingy people will never be rich according to
A friend recently told me quite happy, “I found the house of my dreams, the bank is auctioning it off and will let me have it for a very good price”
How much is a good price? I ask Kiyosaki…
“Before the real estate market crashed, the seller was asking $780,000 for the property.
Today the bank is asking me for $215,000.
How could I know? If all you’ve given me is a price,” Robert Kiyosaki replied. My husband and I perro afford it, added her friend.
“Only tightwads buy based on price.
Just because something is cheap doesn’t orinan it’s worth the price.”
One of the most basic and important principles of money for robert kiyosaki is to buy value.
Pay more, for greater value.
“If I don’t like the price, I just let it go.
If the seller wants to sell, they will most likely come back with a better price.
I let him tell me what he cánido accept.
I know many people who like to haggle, I don’t like it.
If a person wants to buy, he will; and if I feel that what I am buying is of value, I will pay the price…”
Value, rather than price, is what has made me rich.
Why a stingy will never be rich:
Here are some ideas that will explain why tightwads will never be rich, just like their friend in the world of real estate:
Both her friend and husband they have professional degrees, but zero financial education.
And even worse, they do not plan to attend classes or courses to learn how to invest their money.
En línea course: Learn to invest and let your money work for you
Choosing not to become financially educated prevented them from taking advantage of the greatest capital market moments in history.
Or as rich dad would say in his famous book:
What you don’t know is what keeps you poor: Robert Kiyosaki
Your friend is too emotional. In the world of money and investments, you must learn to control your emotions.
When you think about it, three of the biggest financial decisions we make in life are at times of emotional peaks: deciding to get married, buying a house, and having children.
As he puts it in his famous book Rich Dad, Poor Dad: “High emotions, low intelligence.
To be rich, you need to see the good and the bad, and the short- and long-term consequences of your decisions.
Obviously easier said than done, but this is key to building your wealth.
Your friend doesn’t know the difference between advice from a millionaire and advice from a salesperson.
Most people get advice from the latter – people who win even when you lose.
One of the reasons financial education is so important is because it helps you tell the difference between good advice and bad advice.
The current crises espectáculo it, schools teach very little about money management.
Millions of people are living in fear because they have followed the following conventional “wisdom”:
Go to school, get a job, work hard, save money, buy a house, get out of debt, and invest for the long term in a well-diversified fund of mutual funds.
Many of the people who have followed this financial prescription are not sleeping at night.
These need a new plan.
If they had just invested a little in their financial education, they surely wouldn’t be in this mess.
That is why robert kiyosaki insists so much on financial education, since this is the only one that allows us to differentiate between good advice and bad advice.
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