The Rich Invent Money
According to Kiyosaki, everyone is born with talent, but that talent is suppressed because of self-doubt and fear. Kiyosaki explains that smart, bold and adventurous people prosper. The people who struggle with their finances even when they have a lot of money are because they fail to tap into opportunities and are afraid to take risks.
Most of these people just sit around and wait for the opportunity to come to them.
Kiyosaki stresses on the point that people make luck, they don’t sit around and wait for it happen, the same goes for money, it has to be created.
The author quotes that “Most people never win because they’re more afraid of losing. That is why I found school so silly. In school, we learn that mistakes are bad, and we are punished for making them. Yet if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.”
People’s fear of losing causes them to not be rich. “People who avoid failure also avoid success.”
The author emphasizes on education, he says, “A trained mind is a rich mind”.
He categorizes investors into two platforms:
- There are investors that go for packaged investment.
- And, there are investors who customize their investment to suit their objectives.
Hiring people that are more intelligent than you is an important factor because they capitalize on the knowledge of others, an intelligent investor builds up his own knowledge base and hence dictates more power over those who don’t know. They enjoy the power of the foundation they created for themselves at a very young age.