Xiaoming? translate
Why are the rich getting richer? Rich fathers and poor fathers are reserved for those who are ready to continue their studies.
Poor dad said, "I can't afford it." (This is mental laziness)
Rich dad said, "How can I afford it?"
One sentence is declarative, and the other is interrogative. One sentence makes you give up (escape), and the other urges you to find a way (solve the problem).
Proper physical exercise can increase the chances of good health. Similarly, proper spiritual training can increase the chances of acquiring wealth.
Taxation is to punish diligence and reward laziness.
The difference between bankruptcy and poverty is that bankruptcy is temporary and poverty is permanent.
Money is a kind of power, but even more powerful is financial and business education. Money comes and goes, but if you understand how money moves, you will gain the power to control it and begin to accumulate wealth.
Only through action-practice or simulation can we learn best, which is called experiential learning, while reading and lectures are the worst learning methods.
They spend the best time of their lives making money, but they don't understand why they are working hard.
Rich dad said, "If you are the kind of person who has no courage, you will choose to give up every time life pushes you." . If you are such a person, you will live a stable life, do nothing wrong, pretend to save yourself when something happens, and then die of boredom. You will have many friends who like you very much, because you are really a good person who works hard. But the truth is, you give in to life and dare not take risks. You really want to win, but you are more afraid of failure than excited about success. Only you know, in your heart, you always thought you couldn't win, so you chose stability. "
If you think it's my problem, you will want to change me; If you think the problem is you, you will change yourself. Most people think that everyone in the world should change except themselves. In fact, it is easier to change yourself than to change others. )
Solve the problem with the guy between your ears.
The poor and the middle class work for money, and the rich make money work for him.
The deeper you learn, the more you will find. Most people study the problem of money from now on. They go to work, earn wages and make ends meet. That's all. He may not understand why he is always short of money, so he thinks that making more money can solve the problem. Few people realize that the lack of financial education is the key to the problem.
He knows that everyone's soul has a weak and poor side and a strong and firm side: the side that money can't buy, and the question is which part is stronger.
People's life is always controlled by these two feelings: fear and greed.
The fear of having no money at first will make them work hard, and after being paid, greed or desire will make them want to have all the good things that money can buy. So a pattern is formed: "Get up, go to work, pay the bill, get up again, go to work again, pay the bill …" Their lives are always controlled by these two feelings: fear and greed. Give them more money and they will repeat the cycle at a higher cost.
Most people don't know how they really feel, but just react without thinking.
"I've seen many people say,' I'm not interested in money', but they work eight hours a day. This only shows that they are not telling the truth. If they are not interested in money, why do they have to work? "
Observe your feelings carefully and don't act in a hurry. Most people don't know that their feelings have replaced their thinking. Emotions are just feelings. You must learn to think without emotions.
"I just hope you have a chance to avoid the trap of fear and desire and use them in the way you like, instead of letting them control you."
The main causes of poverty and wealth problems are fear and ignorance, not economic environment, government or the rich.
Most people let fear and greed dominate themselves, which is the beginning of ignorance.
Fear pushes you out of the door, and desire starts calling you again. This is a trap.
Ignorance makes fear and desire stronger, which is why many rich people are more afraid as they get richer. Money is a carrot in front of a donkey, an illusion. If the donkey can know all the facts, it may reconsider whether to pursue carrots.
Rich dad said that life is actually a struggle between ignorance and awakening.
For many people, leaving school is the end of learning, not the beginning.
It is cruel to live in fear all the time and never pursue your dreams. It is also cruel to work hard for money and think that money can buy happiness.
History has proved that a society will collapse when the gap is great. Unfortunately, people don't learn from history. We only remember the time and name of historical events, but we don't remember the lessons.
Work is only a stopgap measure to solve long-term problems.
Imaginative people are thriving, while unimaginative people are still looking for jobs themselves, which may soon be replaced by robots and technology.
"mouse race" game
Only knowledge can solve problems and create wealth.
In the long run, what matters is not how much money you earn, but how much money you can save and how long you can save.
If you want to get rich, you must learn financial knowledge.
It is because of its simplicity that it is often overlooked.
Assets are things that can put money in my pocket. Debt is something that comes out of my pocket.
Alvin toffler, a futurist, said, "Illiteracy in the 2nd/kloc-0th century is not those who can't read and write, but those who can't learn, forget and relearn."
Numbers themselves have no meaning, just as words themselves have no meaning. What matters is what numbers and words express.
There are income statement and balance sheet (also called income statement) in the picture, which are used to measure income and expenditure; The inflow and outflow of money.
Cash flow explains how a person handles his money.
A wise man always hires someone smarter than him.
Money can make decisions emotional.
The biggest loss is the loss of the opportunity to get rich.
Fear of exclusion makes people obey rather than question widely accepted views or trends.
More important than money is the enterprise team.
Schools are places to train good employees, not good employers.
If we can increase the investment in assets as soon as possible, our future life will be easier, and their assets will continue to grow, which will automatically make up for their expenses.
The income generated by the asset project is enough to cover the expenditure, and the remaining income can be used for reinvestment of the asset project. With the continuous growth of assets, the corresponding income will be more and more, and the result is: the rich are getting richer!
Net assets are defined as the difference between assets and liabilities.
Wealth is a measure of how much money you can earn and your financial viability.
Usually people think that the solution to debt is to get rich and earn more money, but this may make the problem worse, because if the original thinking mode is not changed, the increase of income will definitely lead to the increase of debt, that is, the more cash, the more expenses.
Increasing assets and trying to buy income-generating assets are the way to get rich.
What matters is not how much money you earn, but how much money you can keep.
Asset: something that can put money in your pocket with the least labor.
Attitude towards financial management: what to do with the money after you earn it, how to keep it for a long time, and how to make it work for you.
The golden rule: people who own gold make rules.
* * * mutual fund: a kind of investment method that gathers investment forms such as stocks, bonds and securities, is managed by professional investment companies, and private investors gain income by buying shares. Having a share of the same fund does not mean having the value of the corresponding company directly.
Ray kroc, the founder of McDonald's, said that his real business is real estate.
People with financial problems often work for others all their lives, and many people have nothing when they can't work.
Pay attention to your career!
People have been paying attention to other people's careers all their lives and making others rich.
The rich focus on assets, while others focus on income.
Only when you buy income-generating assets with extra income can you get real financial security.
The fundamental reason why most poor and middle-class people are financially conservative (that is, they dare not take risks) is that they have no economic foundation. They must be loyal to their work and must operate safely.
When you don't meet the "standard" norms, life will be severe.
Net assets are not a definite thing, mainly because when you start selling assets, you have to pay taxes on the income you earn.
Physical assets can be divided into the following categories:
The book said: "Many people are afraid to buy shares of small companies and think they are risky. In fact, they are. But if you love the object of your investment, know it and know the rules of the game, the risk will be reduced. For small companies, my investment strategy is: sell within one year. On the other hand, my real estate investment strategy is to start small business and grow little by little. If conditions permit, I will try my best to do it in the future. The advantage of this is that I can delay the payment of income tax, which will greatly increase my assets. "
When I say I care about my career, I mean building my own solid assets.
The biggest advantage of money is that you can work 24 hours a day to serve your descendants.
You should go to work as usual and be a hard-working employee, but keep building your assets.
The poor and the middle class use their hard-earned money and assets that should be left to future generations to buy luxury goods.
Bond: a debt security issued by an authorized issuer, which borrows money from investors and promises to repay the principal and interest at maturity.
Stock: Enterprises raise funds by issuing stocks.
Knowledge is power. The more money you have, the more knowledge you need to manage it and keep it increasing.
If you know the law, you have a chance to fight back (rich dad hires smart accountants and lawyers)
"If you know that you are right, you will not be afraid of being attacked."
Capital gains refer to stock holders trading their own stocks in the market. When the market price of the stock is higher than the purchase price, they can earn the difference income by selling the stock, which is called capital gain. Capital gain is a kind of capital income, which refers to the total income obtained by taxpayers through the sale of houses, machinery and equipment, stocks, bonds, goodwill, trademarks, patents and other capital projects, as well as the balance after deducting the purchase price.
We all have great potential-this is a gift from God. However, we all have some self-doubt psychology to some extent, which hinders progress. This kind of obstacle is seldom a lack of technical things, but more a lack of self-confidence.
Excessive fear and self-doubt are the biggest factors that destroy our talents.
In real life, people often get ahead by courage rather than wisdom.
Most people don't realize that the crux of the problem lies in themselves. Old ideas are their biggest debt. The reason is simple: they don't realize that an existing idea or method was the same asset yesterday, but it has become a liability today.
When what you want doesn't appear, how many ways can you think of to turn small money into millions of dollars? It depends on your creativity in solving financial problems.
Rich dad said, "Money is not a real asset."
What's that money? Money is something we all know.
Our only and most important asset is our mind.
In your life, you will encounter many opportunities almost every day, but you turn a blind eye.
I keep learning and improving, because I know that change is coming, and I prefer change to indulging in the past.
Improving financial quotient means giving yourself more opportunities and increasing experience and wisdom with the years.
When I hear someone say "you can't do that here", I will remind them that maybe the correct statement should be "actually, I don't know what to do here".
Generally, there are two kinds of investors: ① people who make a package investment, which is like buying an assembled computer (such as a financial planner).
People who create their own investment opportunities are like people who buy their own parts to assemble computers. This is tailor-made and may not be assembled (by professional investors).
If you want to become a secondary investor successfully, you must improve three main skills: first, how to find opportunities missed by others; Second, how to raise funds; Third, how to organize smart people and hire them to work for you.
Risks are everywhere, so we should learn to control them rather than avoid them.
Usually, those investments with "safety labels" have been risk-treated by others. They are so safe that the return is pitiful.
Most people need to learn and master more than one skill. Only in this way can their income increase greatly.
Rich dad suggested that "you only need to know a little about a lot of knowledge"
Workers do their best to avoid dismissal, and employers provide minimum wages to prevent workers from resigning.
Rich dad's advice on choosing teachers: choose those who really do what they want to do as their own teachers.
When looking for a job, you should look at what you can learn and what you want to learn, not just how much money you can earn.
Once people fall into the trap of being tired of paying bills all day, they stare at the cage like those little mice. Their furry calves are kicking fast and the iron cage is spinning fast, but the next morning, they find themselves still trapped in the cage, just like you are trapped by work.
"What is the purpose of your busy all day?" Will everyone finally think about what this effort is for? What will happen in the future?
I admit that it is important to work for money and a stable life, but I still advocate finding another job so that I can learn another skill from it.
An old dog can't learn new tricks', unless a person is used to change, it is difficult for him to change.
Life is like going to the gym. The most painful thing is to make the decision to exercise. Once you get through this, things will be easy in the future. Many times, I am afraid to go to the gym, but as long as I go and start exercising, I will feel very happy. I am always happy after fitness, because I convince myself to stick to it.
If one of my skills is not used (laid off), it will be difficult for me to find a well-paid job again. In other words, skills may not be transferred from one industry to another, and flying skills that are valued in the aviation industry are not valued in the education system.
Many talented people are poor because they only concentrate on making good products and know little about the business system.
Management skills necessary for success include: 1. Cash flow management. Management of system 3. Personnel management.
Rich dad encouraged us to work with people smarter than us and form a team with them.
The most important professional skill is the understanding of sales and marketing.
Giving money is the secret for those very rich families to stay rich.
To change things, you must first change yourself.
Rich dad's attitude towards money is "give and get"; Poor dad's attitude towards money is "pay when you get it"
People with financial knowledge can't accumulate a lot of cash-rich assets for five reasons:
1. Afraid
Everyone has the fear of losing money, but fear itself is not a problem. The key lies in how you deal with fear and how to deal with the problem of losing money. Different ways of dealing with failure have caused differences in people's lives. The main difference between the rich and the poor is that they deal with fear in different ways.
In some ways we are heroes, but in others we may be cowards.
Rich dad's trick to overcome losses: "If you hate taking risks and worry about losing money, start accumulating assets early."
When most people have money problems, they become like oblique teeth. Oblique-toothed snapper is scared when it is illuminated. This kind of person will complain when the grocery store clerk is short of 25 cents.
The biggest reason why most people are financially unsuccessful is that their practices are too safe. "I am too afraid of failure, so I will fail." People think that the pain brought by losing money is far greater than the pleasure brought by getting rich, which is a psychological phenomenon.
Texas proverb: "Everyone wants to go to heaven, but no one wants to die." Most people dream of getting rich, but they are afraid of losing money, so they will never enter the paradise of wealth.
Failure will inspire winners and crush losers.
Rockefeller once said, "My goal is to turn every disaster into an opportunity."
Most people manage their money to avoid losses, not to make profits.
People who pursue balance will only stand still. To make progress, we must first be unbalanced and pay attention to how to make continuous progress.
2. Overcome the cynicism.
We often need great courage to prevent rumors and unfounded doubts from aggravating our fears and doubts.
Smart investors know that the seemingly worst time is actually the best time to make money. When others are too scared to act, they will take the initiative and reap the rewards.
Doubt and cynicism make most people content with poverty. Life is waiting for you to get rich, but it is these doubts that keep people from getting rid of poverty.
Cynics complain about reality, and winners analyze it.
"sideways" in the stock market (predetermined low-priced selling)
People cling to "I don't want it" and don't pay attention to what they want. They avoid what they don't want, but they pay a huge price for it-they may never get what they want.
Overcome laziness
Busy people are often the laziest people.
"I often meet people who are too busy at work and don't care about wealth. Others are too busy with their work to take care of their health. The reason why these two kinds of people are so busy is the same. They use busyness as an excuse to avoid problems. I didn't tell them this in class, but they actually understood it in their hearts. In fact, if you remind them, they will often be very unhappy. "
How do you overcome your laziness? The answer is "a little more greedy".
Without a little "greed" and a little desire to have something better, we will not move forward. The world develops because we all want to live a better life, new inventions are born because we want better things, and we study hard because we want to know better things.
Eleanor Roosevelt said, "Do what you think is right, because no matter what you do, you will always be criticized." . If you do, you must be responsible; And if you don't do it, you are still responsible. "
Overcome bad habits
Overcome conceit
Many people try to cover up their ignorance with arrogance.
This book suggests taking the following 10 steps to develop God-given talents, which only you can control:
1. Find a surreal reason-spiritual power (from' don't want to' to' want to')
These heartfelt wishes are spiritual motivation. If the motivation to move forward is not strong enough, then the harsh reality on the way forward will make you shrink back.
2. Make choices every day-the power of choice
Our consumption habits reflect who we are. The poor are poor because they have bad consumption habits.
First: Time is your most precious wealth.
Second: if you have no money, you have to study.
I choose to have money and work hard for it every day! ! !
If you can read this, you have no problem with arrogance, because arrogant people rarely read books or follow the advice of experts. Why do they study? They think they are the center of the universe.
3. Choose your friends carefully-the power of relationships.
I will pay attention to how rich friends discuss money, and I will learn from them through conversation.
"Insider trading"
You should make friends with money, because they are closer to the heart, and money is earned by "inside information".
4. Master a pattern, and then learn a new pattern-the power of fast learning.
"What you learn, you will become what kind of person." In other words, you should pay attention to what you want to learn, because your spiritual strength is very strong, and what you learn will make you yourself.
In today's rapidly changing society, you can't learn too much, because when you learn, it is often out of date. The question is how fast you learn. This skill is priceless. If you want to make money, it is very important to find a shortcut. The mode of working for money is out of date.
5. Pay yourself first-the power of self-discipline
Self-discipline is the primary factor to distinguish the rich, the poor and the middle class.
Rich dad experience-life pushes you around. Life can push you around, not because life is strong, but because you lack self-discipline. People who are not determined enough are often defeated by self-disciplined people.
The three most important management skills necessary for starting a business are ① cash flow management ② personnel management ③ personal time management.
Only if you have the courage not to follow the crowd can you get rich. You may not be weak, but when it comes to money, you often become timid.
In order to better "pay yourself first", you need to
A common bad habit of the poor is to dip into their savings at will. The rich know that savings can only be used to generate more income, not to pay bills.
6. Pay your broker handsomely-the power of good advice.
The real skill is to be able to manage people smarter than you and provide them with generous treatment in some technologies.
7. Be an "Indian giver"-a selfless force.
8. Buying luxury goods with assets-the power of concentration
It is difficult to have the right strong will to control money. In today's consumer world, due to various external temptations, it is easy to squander money on expenditure. Because of weak will, the outflow of money is almost unstoppable, which is why most people are poor and struggling in financial difficulties.
I am used to stimulating with my consumption desire and investing with my financial talent.
Remember, the easy road often becomes more and more difficult, and the hard road often becomes easier and easier.
9. Hero worship-the power of myth
Heroes can not only inspire us, but also make difficult problems look easier. They have strengthened our confidence, and we should be like them. If they can do it, so can I.
10. Give first, then take-the power of giving
Return on investment: Return on investment refers to the return value that should be obtained through investment, that is, the economic return of an investment activity.
1. Stop and evaluate what works and what doesn't.
2. Find new ideas (such as methods in books, imitation and performance).
Find some people who have done what you want to do and ask for some tips and tricks.
4. Attend remedial classes, read books or attend seminars.
Quote many times (many times you don't know what price is "suitable" unless there is another similar transaction as a reference). After you make an offer, no one on the other side will say "deal".