Lesson 6: Work to Learn –Don’t Work for Money
The Author’s Odyssey
After college graduation Robert Kiyosaki joined the Marine Corps. He learned to
fly for the love of it. He also learned to lead troops, an important part of
management training. His next move was to join Xerox where he learned to
overcome his fear of rejection. The thought of knocking on doors and selling
copiers terrified him. Soon he was among the top 5 salespeople at the company.
For a couple of years he was No.1. Having achieved his objective – overcoming
his shyness and fear—he quit and began minding his own business.
Learn skills like PR, marketing, and advertising.
Take a second job if it means learning more.
A Difference in Education
Schools train professionals. Professionals become so specialized they cannot
apply themselves in other fields and need to form unions to protect their jobs.
Remember you can have a profession, say, learn to be a pilot if you want to learn
how to fly, but at the same time mind your own business.
The rich “groom” the next generation by training the heir in all aspects of running
the business. They move him from department to department so he learns how
each one relates to the other. Specialization is not the key here, but picking up
important lessons from each area and seeing the business as a whole.
Rich Dad groomed Kiyosaki and Mike in the same manner. Mike would later take
over Rich Dad’s empire, which included restaurants, convenience stores, and a
construction company. Kiyosaki created his own empire with real estate, new
products and educational materials.
Three Main Management Skills
1. Management of Cash Flow
2. Management of Systems (Includes Time with family and time for your self)
3. Management of People
Five Obstacles to Financial
1. Fear. Don’t play it safe and cling to what you think is secure. If you don’t
go for it and think big you won’t be able to earn big.
2. Cynicism. Don’t listen to advice of others who are not doing what you
intend to do. Listen to your self and those who are doing what you aim to
do.
3. Laziness. Greed is good and fights laziness. Think about the freedom and
money you’ll have and you will put in those extra work hours. Change your
thinking. Instead of saying “I can’t afford it.” Ask yourself “How can I afford
it?” Challenge your mind to create solutions.
4. Bad Habits. Spending habits should turn into saving and investing habits.
5. Arrogance. Don’t think you know everything there is to know about
money. Listen to others. Enroll in useful seminars.
