| 'One of the most common myths about
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| | helped but the most important feature was
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| getting rich or achieving financial
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| | the investing of his money on the
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| success is that working hard is the key
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| | property and letting his money work for
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| to create wealth,' declared Jamie
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| | him.
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| McIntyre. Jamie is a very much sought
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| | Then Jamie went on to use his mother as
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| after personal development coach and has
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| | another example. His mother had always
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| traveled all over the world meeting and
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| | wanted to open a coffee shop. She did not
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| learning from some of the best teachers
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| | realize that many years later, she was
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| in this world including the, Anthony
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| | offered to buy the entire building in
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| Robbins, General Norman Schwarzkopf and
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| | which the coffee shop was located.
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| Robert Kiyosaki.
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| | However she did not buy it because she
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| He further insisted that, 'working hard
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| | had already borrowed a lot of money for
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| and making money have nothing in common,
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| | the coffee shop business and did not like
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| I repeat, nothing to do with each other
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| | the idea of borrowing anymore money. She
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| in this modern time.' Why is this man
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| | was being mistakenly prudent.
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| making such very powerful but
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| | She worked very hard for many many years,
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| controversial statements? Well, he backed
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| | often not paying herself a salary
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| up his statements with the following
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| | (another big mistake, as another rule for
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| explanation. He uses his dad, a farmer as
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| | wealth creation is to always pay yourself
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| an example.
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| | first). She often worked hard to pay the
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| His father started off with nothing but
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| | shop's rental. She was working real hard
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| is a millionaire now.This man, like most
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| | but with a miserable return for the
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| framers, believes that true hard work is
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| | investment and labor.
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| the key to success and that was how he
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| | You see,if she only she had borrowed
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| became a millionaire. He believed that
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| | another $100,000 for the building,she
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| this is the truth to wealth creation.
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| | could have:-a) Charged her coffee shop
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| Jamie explained to his dad that hard work
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| | business a higher rent since the money
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| did not guarantee or actually play a
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| | still comes back to her. Even if her
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| major role in his dad's wealth. In fact
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| | business only managed to pay the rent, it
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| it is a myth. His dad is a wealthy today
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| | could be used to return the borrowed
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| because of the appreciation of value on
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| | money.b) The building would appreciate in
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| his farm land property. The farm is now
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| | value over time making her a lot of money
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| worth more that a million bucks when his
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| | without working and plus her charging a
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| bought it decades ago at a mere $50,000
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| | higher rental, it automatically make the
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| dollars. Despite the fact that his dad
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| | building even more valuable.c) She can
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| was truly working hard on the farm for
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| | sell away her coffee shop business and
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| many years, this did not make the farmer
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| | kept the building profiting from the sale
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| wealthy. Income from the farm has
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| | of her business and then have the new
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| actually dipped badly and the man would
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| | tenants paying her rentals for the shop.
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| never save a million dollars from his
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| | Now she need not work to have a steady
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| farm's income even if he worked hard on
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| | flow of passive income.d) If she still
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| it for several lifetimes.
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| | wants to work, she could work part time
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| His father's wealth was created by buying
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| | for the new owner and then picking up
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| the farmland property at a low price and
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| | another income stream. The truth is that
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| the increasing value of the land over a
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| | so many streams of passive income now,
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| period of time. Anyone who have read
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| | his mother could be rich without working
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| Robert Kiyosaki's 'Rich Dad Poor Dad'book
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| | hard.
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| will find this theory familiar.
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| | So,in order to be rich you must work
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| His father's wealth was amassed even when
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| | hard,is a truth or a myth? Find out for
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| he was sleeping and almost without any
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| | yourself as Jamie is giving away his free
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| effort at all. It is true that good work
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| | financial wealth planning ebook at my
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| ethic and some hard work in the beginning
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| | blog below.
|
