Rich Dad – Robert Kiyosaki, My Ultimate Wealth Creation Mentor Part Three of Three
Then how about the stock market? The stock market has slumped and millions have lost more than half of their pensions last year!
Did you know that we can make money when stocks go up as well as down, you may have heard of Hedge Fund companies. George Soros, the billionaire investor and author made more than $1billion in 2008, (the year of the worst recession since the great depression in 1930s) while other prestigious companies went bankrupt? Some people may have heard of black Monday on October 1987, the day of the stock market crash, but it was one of the best days for some professional traders like James B. Rogers, who made millions on a single day.
How about businesses? Microsoft was started during a recession and has become one of the most successful companies to date. Facebook was valued at $10billion in 2009 compared to $3.8 billion in 2008, an increase in value of 263%, compare this to the industrial giants, two of the “Big Three”- Chrysler and General Motors recently filed for bankruptcy. So it is entirely up to you to decide whether you want to see opportunities or disaster.
I also found discipline and self belief are very important to keep my goals and visions alive in this global recession and to keep my spirit up when we have all the negative media coverage. I can honestly say this recession has slowed me down and I have encountered obstacles and problems on the way. However it is too naïve to expect everything to go smoothly, just as you expected and planned. It's also helpful to read inspirational books and go to seminars to keep your spirit up.
Along the way I have also read books from the following people who have inspired me and gave me valuable knowledge. Brian Tracy, Anthony Robbins, Robert Allen, Napoleon Hill, George Clason and many more. Their wisdom, knowledge and courage often inspires me towards my goals and dreams. Life is not a bed of roses and these books act like torches to brighten my road.
It's also a good idea to attend seminars to meet like minded people. I love to attend wealth creation, personal development and business seminars, as this helps me to learn how to leverage other people's money, experience and knowledge. In addition to property seminars, I have also attended many other paid and free seminars and met and listened to millionaires from all different backgrounds many of whom started with nothing or were deeply in debt. Their stories are inspiring and I have also gained the necessary skills and knowledge that will benefit my personal development.
In addition to property investment, I'm also developing my internet business and improving my trading skills. I love and am passionate about what I do and I know these are also important success factors whatever you do. I'm also still proud of my MBA, because it has given me so much confidence and the knowledge that I gained from this course has given me an edge that will be very useful for running my businesses.
The good news is that we can operate in several cash flow quadrants at the same time to generate multiple streams of income. As Rich Dad said, every one one of us has the potential to become rich. You do not need money to become rich, but your brain, your most important asset, can make you rich. It is not how much resources you have, it is your resourcefulness that makes all the difference.
Since the time that I wrote down my goals to become financially free and become a millionaire, I also wrote down my financial plan, as without a plan my goals would be destined to fail. Opportunities are everywhere and our determination to succeed is the most important factor. I will never give up my dream, I will continuously take action and learn more by attending seminars and by reading books that increase my financial IQ and effectiveness. Persistence and positive attitude are other important character traits and I believe the law of attraction.
I'm interested in sharing your stories of Rich Dad and perhaps any of your life stories... Shannon