Monday, March 21, 2016

7 things rich people never say, according to a nearly 20-year-old personal finance classic - Business Insider

In 2013 I wrote a simple review on a book by Robert Kiyosaki - Rick Dad Poor Dad. Some call him a quack. But I found his ideas and advice true. I still reread and reread his books and read any article relating to his beliefs on being financial free. I am on that path to be financial free. With the current economic downturn situation. Its good to have a great book to turn to. I suggest anyone and everyone should read the Rich Dad Poor Dad Series.

Here another interesting article taken from the Rich Dad Poor Dad Books on the seven things rich people never say. Below is an exceprt of the article. If you would like to know more, just click on the link.









7 things rich people never say, according to a nearly 20-year-old personal finance classic

‘I can’t afford it.’

Rich dad would say, “How can I afford it?“

“One is a statement, and the other is a question. One lets you off the hook, and the other forces you to think,” Kiyosaki writes. “By automatically saying the words ‘I can’t afford it,’ your brain stops working. By asking the question ‘How can I afford it?’ your brain is put to work.”

This doesn’t mean you should buy everything, he emphasizes. The point is that you should constantly exercise your mind, because the stronger your brain gets, the more money you’ll make.

Read nore here :-
7 things rich people never say, according to a nearly 20-year-old personal finance classic - Business Insider

Saturday, March 5, 2016

Debt Free Article :-How I Went From $40,000 in Debt to a Millionaire by Age 30

My goal is to be financial free by the age of 50. As I have mentioned sometime back, I was a real spendtrift. I maxed all my credit card, took personal loans and so on. But after reading great books like Rick Dad Poor Dad, Richest Man in Babylon and the Wealthy Barber. I am on my way to be being debt free. I have recently cleared my car loan and 3 credit cards. But I still like reading articles on what others are doing towards being financial free. Here's someone who did it at a very young of 30.

How I Went From $40,000 in Debt to a Millionaire by Age 30

I came from a family where money was always an issue. My father was a union electrician who brought in a nice, but not exceptional, living. My mom was a stay at-home mom turned jobbie-entrepreneur (as I talked about here). But, money was always tight.

When my parents separated in my early teen years (and ultimately divorced), that put further pressure on their financials and assured that they wouldn’t be able to pay for my college education.

When I graduated from arguably the best undergraduate business school in the country, The Wharton School of Business at the University of Pennsylvania in 1995, I had an Ivy League education and $40,000 of college debt. I was determined that in less than eight years, I would go from being in that financial hole to having a net worth of one million dollars.



Read More Here. How I Went From $40,000 in Debt to a Millionaire by Age 30