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The reason why most do not succeed in business is because of some simple mind set.
Business
minded people, work to make money for their initial capital. Once they
save up enough, they start business, they work hard and save up more
and reinvest and expanding their business.They build their asset and in
turn their asset generate for them more income.
Employee or worker minded people, work to make money,
then spend to satisfy their immediate desire. They buy new car, new
home, and spend on expensive cloth. They do not know how to invest and
build up their asset. Instead they accumulate more and more liability,
thus it drains more and more of their resources and income.
This
simple mind set that the Rich Dad teach to his kids and that's how the
Chinese teach to their kids and when their kids grow up, most of them
apply this simple principle and most become very successful.
Business
minded people, work to make money for their initial capital. Once they
save up enough, they start business, they work hard and save up more
and reinvest and expanding their business.They build their asset and in
turn their asset generate for them more income.
Employee or worker minded people, work to make money,
then spend to satisfy their immediate desire. They buy new car, new
home, and spend on expensive cloth. They do not know how to invest and
build up their asset. Instead they accumulate more and more liability,
thus it drains more and more of their resources and income.
This
simple mind set that the Rich Dad teach to his kids and that's how the
Chinese teach to their kids and when their kids grow up, most of them
apply this simple principle and most become very successful.
