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Rich Dad Poor Dad - Work to Learn Not for Money (Lesson 6)

9/26/2018

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Read the book with me, pick it up here: https://amzn.to/2OLDCIH

​Learning to sell yourself is key

When it comes to money the only skill most know is working hard. Most people specialize to make money - to be rich it tends to be better to know a little about a lot and rely on experts as needed. This lack of specialization allows you to look at your businesses and make sure things are largely in order. It helps with overall management and oversight. 

Security meant everything to educated dad, learning was key to rich dad - this difference is why they had such drastic views on money. Rich dad's educated the boys from early on that leadership is a very valuable skill. They had this excellent quote that really sells the point:

Workers work hard enough not to get fired, owners pay enough for them not to quit

If you are going to specialize, seek a job with a very high powered union for protection. These unions can help calm the edge on employment. You do not want to be easily replaced, and these unions provide protection self employment usually does not.

The world is filled with talented poor people

This is unfortunate as well. For a lot of people, getting a business degree would have been a better choice. You can do almost anything as long as you know how to sell it.

Essential skills to becoming wealthy:
1.    Management of money
2.    Management of systems
3.    Management of people

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    Sean

    I am just a regular guy who does far to much research on financial independence and early retirement (FI/RE). I look forward to sharing my journey with you all.

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