Article by Joshua Fairfield
Read More Articles Like this on My blog at
http://dailycashsaver.blogspot.com/
I am a new fan of the application yahoo answers and i love answering financial questions people might have. Well i keep finding this all the time. I will see people asking the question how can i save money. Well i help them and give them ideas and options but the thing that is very scary is the person has no financial intelligence.
For avid readers i posted a link to the book Rich Dad Poor Dad a great book i read my Junior year of high school. In the book Robert Kiyosaki goes into detail about why people are poor and since the change from the gold standard to the USD dollar standard and how we are all thinking in the old money rules. What he means is because the federal reserve prints so much money at such a high quantity all the time when you save money the value is not what it was when you started saving. Meaning this, the dollar is inclined to go down and wont yield much value in the future.
So I know that might sound hard to understand and it can be but, all you need to know is because of the dollar standard is the reason why saving money in the bank wont help you. Now the problem i hear is the same type of scenario i am going to describe here right now.
” Hi my name is ____ and i am _____ year old. Right now i am having struggles with my Financial Situation. I make ______ a year. I have _____ in student Loans and am _____ in credit card debt. How can i save money i am so stressed out and seems that i cant do anything. How can i save money i never go out and eat and never spend alot money out shopping ect. Why am i in this situation i worked hard went to a good college and did what a responsible person does. It is not fair that i am ____ year old and i am struggling this much. Any help would be appreciated.
Now as i break down this every person comes off introduce themselves and tells there story what happened most people have student loans and credit card debt is what i find or some type of debt. Then this what scares me the person doesn’t understand why he poor and doesn’t get why him or her self is at fault. The problem is this. I grew up in the home most of these people did financially speaking. My dad worked a job 8-12 hours 5 days a week and my mom stayed home and kept the house clean. I was taught that you should get good grades and work hard go to college get a good high paying job as anything that pays well. Business managers, Lawyer, Doctor whatever. Then save money in the bank and use your 401K all the time and take out money into that savings weekly. Most people think they are using the system to the fullest and other people are idiots and they are the only ones who know the secret!
What I’m about to say will shock and maybe leave most of my reader skeptical. That entire way of thinking is wrong and outdated and will wined yourself poor and hopeless! Now most you come to my blog thinking I’m a cash saver i believe in that and from the looks of it. Although it might seem that way but i don’t believe in that at all and i wouldn’t be able to sleep at night knowing my readers thought that.
Here a link to a picture of a Cash Flow Quadrant http://1.bp.blogspot.com/_KP6l5tn-tWE/SoEPy_reDuI/AAAAAAAABgk/7qYNeTXFFmY/s320/Cashflow_Quadrant.jpg
In this picture you will see 4 letters E S B I
- Employee a person who works for a paycheck by a company of any kind small or big.
- Solo/Specialist: A person who owns a business or a person who goes to college to do a special type of work such as a Doctor.
- Business: Where a person owns a “system” of making money, rather than a job to make money.
- Investor: A person who invest capital into anything to looking to get his money back with interest.
As Robert in the book Rich Dad Poor Dad Describes it he say that the cash flow quadrant is like a coin, on one side there is no money and everybody is poor and unhappy. On the other side is an unlimited amount of capital and everybody is comfortable rich and happy.
Now you might say well then most people are on the other side. Correct most people don’t know anything about this in fact i at 18 know more about investing and business then 90% of Americans.
Now i am going to beg you to go anywhere to pick up this book Rich Dad Poor Dad.
Get it at the Library or the Bookstore ask a friend whatever. Because you deserve it to yourself to be rich and have alot money. And this book is step one in that process that unlocks vast amounts of capital.
Here is the official Rich Dad Poor Dad Site.
http://www.richdad.com/
Take a look at the websites and watch his free video and get educated.
I would ask that all my followers comment and tell me what you think and tell me if you have read this book and if so tell me what you think of it. Send this post out to your friend Tweet it because this is really serious if people keep thinking this way a financial Apocalypse is no doubt on the way. We cant have people working for 40 years and be poor. So if you could do whatever you could to get more people to visit and read this article i would appreciate it guys.
Read More Articles Like this on My blog at
http://dailycashsaver.blogspot.com/
About the Author
In 2009 I won 1st Place Marketing Managment Deca Area 1 Washington State.