You Must Work Hard To Be Rich-myth Or Truth?

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