8/20/2006 3:14:51 AM
RE: Rich dad lessons are useful anywhere
I want to share some key points that I have learnt after reading some books published by Robert Kiyosaki. If you people out their really are struggling in the financial world then do not spend a single penny more on things that you truly want, only spend on things that you really need for example a really needy object would be a rich dad book since this turns out to give you the biggest R.O.I.
You want to know why I am saying this. Then read on. One day it was about 8.30 at night and I was very thirsty even though I had a full bottle of water in my hand. However, what I was looking at was a 7-Eleven shop. My eyes were directly pointing to my favorite drink but as soon as I remembered that I should always buy what I need I managed to make a compromise. Later I came across a drink machine and again the temptation of buying a soft drink rose. This time I could not resist and finally reached for my wallet, however as soon as I looked up again this person had already inserted coins to buy his drink. I moved on and finally said to my self â€œI think someone or something is stopping me to make a wrong decisionâ€ which was great. From then on, it was easy for me to avoid things that I wanted.
I am telling this story because the earlier you get in habit of doing this the easier it will be for you to make decisions. For example, I have a phone that Iâ€™ve used for more than 6 months and suddenly I see a new modelâ€¦â€¦what do I do? Stick to my old phone instead of wasting extra money to buy another doodad. (I think that is a great decision) A car would be a similar situation because that is also another doodad.
Therefore, to sum it up all I think purchasing another doodad that you already have such as a phone or a car will definitely not improve your spending habits.
As a teenager, I recommend all teenagers to read the book â€œRich Dad Poor Dad for Teensâ€ to get useful financial knowledge.
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