Gambling vs. a Financial Education image

Gambling vs. a Financial Education

Risk and Reward Notes from Vegas

You may think it’s funny that Robert and I are speaking at the Rich Dad Forum in Las Vegas, Nevada right now. After all, this is the place for luck, gambling and betting on numbers with 39.2 million visitors each year. But while most of these Sin City guests will lose their money on the slot machines and games of chance this weekend, hundreds of others will learn about investing in cash flow assets to increase their net worth.

There is risk involved with both activities. Gambling requires a lot of hope. You give your money to the casino and “the luck of the draw” determines whether you win or lose. And with cash flow investments, whether you buy a property, invest in commodities, start a business, or something else, there is always some level of fear or anxiety present. However, there is one big difference between these two activities – Control!

Good cash-flow investments are based on having a financial education. This means that you know what to look for and the appropriate actions to take when an opportunity presents itself. You have control over your cash, and this improves your chances of increasing your wealth.

Get a financial education to experience financial freedom.

There are always those lucky people who win at the casinos and come home with a small fortune. The same goes for some investors who hand all of their money over to a financial planner, spouse or family friend and do well. We all know someone like that. But when it comes to my life, I want financial freedom, and the only way to experience it is to have complete control over my cash without relying on luck (or anyone else for that matter).

Gambling may seem like an easy way to make money, but it’s very risky. On the other hand, getting a financial education to increase your cash flow is not difficult (and the rewards usually far outweigh the risks).

For example, you just need to:

  • Learn about investments that put money in your pocket (assets). This information is easily accessible online, at libraries and local investment clubs, workshops, events, and more.
  • Practice what you learn. (There’s no risk involved when you learn by playing the free, CASHFLOW® game here.)
  • Take action and do it!

It’s all part of the Triple-A Triangle™ that I talk about frequently – Aspire, Acquire and Apply. Once you have a financial education and take action on what you learn, you can expand your cash flow infinitely! That’s a lot better than hoping for a big, one-time win in Vegas.

Gambling vs. Investing in a Financial Education

According to a study by Washington University, “more than 80 percent of the U.S. population gambles at some time in their lives.” If you are one of these people, why not “gamble” on something with better odds?

If you want to be rich infinitely, invest your time and effort in a financial education and discover what you need to do to increase your cash flow. Then, take action on what you learn.

Yes, there is some risk involved, and it can be scary. But if you don’t take control of your cash and move forward, you will be at the same place you are now, or probably much worse, in the future. It’s Rising Time! And your big jackpot of financial freedom awaits!

What are you going to do to increase your financial education today?

For help with your journey to financial freedom, visit our free, community here.

Original publish date: July 12, 2012