Chapter by chapter book review: Rich Dad Poor Dad, chapter 9: Getting Started
This chapter of the book focusses on the rules which you should take into account when setting out with the goal of getting rich:
First of all, you should be motivated by something beyond the money in itself. No-one is motivated by the idea of having 1000000$ in their bank account, if they cannot couple this to something bigger than just their balance. Look at someone like ELon Musk, who focusses on colonising Mars, and basicallu just makes money on the road to that goal. Your goal does not have to be that lofty, but still, there should be more than your balance.
Secondly: The realisation that we make countless choices every day. This very second you choose to be reading this post on steemit. you might also have chosen to watch reality TV. Wealth is not gained through 1 big right choice, but is an edifice constructed from the thousands of everyday choices which you make. If they are aimed at one goal, you have a much better chance of getting to it.
Thirdly, the people who you associate with are important. SOme people will lift you up, and some people will drag you down. SOme people will give you constructive criticism, and advice, others will just break down whatever it is you are trying to do. According to the book the rich are much more willing to talk about money and they are interested in talking about it, because it is a subject which they themselves want to learn everything about. Poor people on the other hand treat money as a taboo subject, which is not to be discussed.
FOurth: Try and master a way of making money, like say, flipping goods on second hand websites, but always keep on trying to learn new ways. Every way you have will probably at some point reach it end, at which point, you will have to find other ways of earning money.
Five: Pay yourself first, pay attention to your asset column, and always make sure that part of your income goes towards asset building. The author even advises to do this before paying bills or taxes, because he believes that being hounded by the IRS and creditors will motivate him to make more money. Personally, I prefer to have my bills and taxes paid, but indeed, at the beginning of each month, the asset column is strengthened, after which I live off the rest.
And Lastly: pay your brokers well. Brokers ofter ask high commissions, but if they do a good job, they are worth it. In the end what matters is how much money you make, not how much you have to pay in order to gain it.
And with that, there is only one more chapter left, which we will cover tomorrow.
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