He had spent three years in the Army; my educated...
He had spent three years in the Army; my educated dad was draft-exemptRich dad told me of the value of learning to lead men into dangerous situations"Leadership is what you need to learn next," he said "If you're not a good leader, you'll get shot in the back, just like they do in business
Returning from Vietnam in 1973,1 resigned my commission, even though I loved flyingI found a job with Xerox CorpI joined it for one reason, and it was not for the benefitsI was a shy person, and the thought of selling was the most frightening subject in the worldXerox has one of the best sales-training programs in America
Rich dad was proud of meMy educated dad was ashamedBeing an intellectual, he thought that salespeople were below him I worked with Xerox for four years until I overcame my fear of knocking on doors and being rejected Once I could consistently be in the top five in sales, I again resigned and moved on, leaving behind another great career with an excellent company
In 1977,1 formed my first companyRich dad had groomed Mike and me to take over companies So I now had to learn to form them and put them togetherMy first product, the nylon and velcro wallet, was manufactured in the Far East and shipped to a warehouse in New York, near where I had gone to school My formal education was complete, and it was time to test my wings If I failed, I went brokeRich dad
thought it best to go broke before 30 "You still have time to recover"
was his adviceOn the eve of my 30th birthday, my first shipment left omega replica watch ,,
Korea for New York
Today, I still do business internationallyAnd as my rich dad encouraged me to do, I keep seeking the emerging nationsToday my investment company invests in South America, Asia, Norway and RussiaThere is an old cliche that goes, "Job is an acronym for 'Just Over Broke'" And unfortunately, I would say that the saying applies to millions of peopleBecause school does not think financial intelligence is an intelligence, most workers "live within their means They work and they pay the bills
There is another horrible management theory that goes, "Workers work hard enough to not be fired, and owners pay just enough so that workers won't quit And if you look at the pay scales of most companies, again I would say there is a degree of truth in that statement
The net result is that most workers never get aheadThey do what they've been taught to do: "Get a secure job Most workers focus on working for pay and benefits that reward them in the short term, but is often disastrous in the longInstead I recommend to young people to seek work for what they will learn, more than what they will earnLook down the road at what ; skills they want to acquire before choosing a specific profession and before getting trapped in the "Rat Race
Once people are trapped in the lifelong process of bill paying, they 1 become like those little hamsters running around in those little metal wheelsTheir little furry legs are spinning furiously, the wheel is turning furiously, but come tomorrow morning, they'll still be in the same rolex watch cage: great job
In the movie Jerry Maguire, starring Tom Cruise, there are many great one linersProbably the most memorable is "Show me the money But there is one line I thought most truthfulIt comes from the scene where Tom Cruise is leaving the firmHe has just been fired, and he is asking the entire company "Who wants to come with me?" And the whole place is silent and frozenOnly one woman speaks up and says, "I'd like to but I'm due for a promotion in three months
That statement is probably the most truthful statement in the whole movie It is the type of statement that people use to keep themselves

busy working away to pay billsI know my educated dad looked forward to his pay raise every year, and every year he was disappointedSo he would go back to school to earn more qualifications so he could get another raise, but again, it would be another disappointment
The question I often ask people is, "Where is this daily activity taking you?" Just like the little hamster, I wonder if people look at where their hard work is taking themWhat does the future hold?
Cyril Brickfield, the former executive director of The American Association of Retired People, reports that "private pensions are in a state of chaosFirst of all, 50 percent of the workforce today has no pensionThat alone should be of great concernAnd 75 to 80 percent of the other 50 percent have ineffective pensions that pay $55 or $150 or $300 a month
In his book The Retirement Myth, Craig SKarpel writes: "I visited the headquarters of a major cartier mens watch roadster national pension consulting firm and met with a managing director who specializes in designing lush retirement plans for top managementWhen I asked her what people who don't have corner offices will be able to expect in the way of pension income, she said with a confident smile: "The Silver Bullet'
" 'What,' I asked, 'is The Silver Bullet?'
"She shrugged, 'If baby boomers discover they don't have enough money to live on when they're older, they can always blow their brains out'" Karpel goes on to explain the difference between the old Defined Benefit retirement plans and the new 401K plans which are riskierIt is not a pretty picture for most people working todayAnd that is just for retirementWhen medical fees and long-term nursing home care are added to the picture, the picture is frighteningIn his 1995 book, he indicates that nursing-home fees run from $30,000 to $125,000 per yearHe went to a clean no-frills nursing home in his area and found the price to be $88,000 a year in 1995
Already, many hospitals in countries with socialized medicine need to make tough decisions such as "Who will live and who will die?" They make those decisions purely on how much money they have and how old the patients areIf the patient is old, they often will give the medical care to someone youngerThe older poor patient gets put to the back of the line So just as the rich can afford better education, the rich will be able to keep themselves alive, while those who have little wealth will die
So I wonder, are workers looking into chanel mens watches j12 the future or just until their next paycheck, never questioning where they are headed?
When I speak to adults who want to earn more money, I always recommend the same thingI suggest taking a long view of their lifeInstead of simply working for the money and security, which I admit are important, I suggest they take a second job that will teach them a second skill Often I recommend joining a network marketing company, also called multilevel marketing, if they want to learn sales skillsSome of these companies have excellent training programs that help people get over their fear of failure and rejection, which are the main reasons people /j are unsuccessfulEducation is more valuable than money, in the long run
When I offer this suggestion, I often hear in response, "Oh that is too much hassle," or "I only want to do what I am interested in
To the statement of "It's too much of a hassle," I ask, "So you would ; rather work all your life giving 50 percent of what you earn to the government'" To the other statement-"I only do what I am interested in"-I say, "I'm not interested in going to the gym, but I go because I want to feel better and live longer
Unfortunately, there is some truth to the old statement "You can't teach an old dog new tricks Unless a person is used to changing, it's hard to change
But for those of you who might be on the fence when it comes to the idea of working to learn something new, I offer this word of encouragement: Life is much like going to the gymThe most painful part is deciding to gucci bag replica