p24 "The technical skills of business are easy.. the hard part is working with people"
As a reminder, I still read Stone Soup today, for I personally have a tendency to be a tyrant, instead of a leader, when things do not go my way.
p27 Can you make a better hamburger than McDonald's?
大切なのはシステム
ｐ３４
The definition of wealth is: @The number of days you can survive, withoug physically working (or anyone else in your household physically working) and still maitain your standard of living.
For example: If your monthly expenses are $1,000 a month, and if you have $3,000 in savings, your wealth is approximately 3 monts or 90 days. Wealthe is measured in time, not dollars.
p37 They buy stocks low and hope to sell high, In reality, their
profession is "trading," much like a person who owns a retail shop and
buys items at whole sale and sells them at retail. There is still
something they physically must do to generate the money.
p50 @Financial intelligence is not so much how much money you make, but
how much money you keep, how hard that money works for you, and how
many generations you keep it for."
p54 Many wise "S's" sell their business at their peak, before they run out of steam, to someone with energy and money. They take some time off, and then start something new. They keep doing their own thing and love it. But they have to know when to get out.
p114 "If you want to be successful on the right side, when it comes to money, you have got to know the difference between facts and opinions. You cannot blindly accept financial advice the way people on the left side do. You must know the numbers. You must know the facts. And numbers tell you the facts. Your financial survival depends upon facts, not some friend or adviser's wordy opinions.
p117 if you can read financial statements you can tell immediately how an individual is doing... rather than going by yours or somebody else's opinions. As I said, one is not better than the other. To be successful in life, especially financially, you must know the difference. If you cannot verify something is a fact, then it is an opinion. Financial blindness is when a aperson cannot read numbers... so they must take someone else's opinion....
p127 When my educated dad learned that Kim and I were struggling financially, doing our best to set up our own educational system, he sent us those quotes. Scribbled across the top of the page of the quotes were these words:
"Keep going."
P133 "Are you trying to say that people on the left pay to take risks and the people on the right side get paid to take risks?" ....
"If you buy shares of stock in a company, who takes the financial risk? You or the company?"
"I guess I do," I said , still puzzled.
"And if I am a medical insurance company and I insure your health and take on your health risk, do I pay you?"
"No, " I said. "If they insure my health, and they take that risk, I pay for it."
もし、リスクをとるんであればその”リスクをとる”という行為自体にお金は払われているか？
p138 There is a good reason why it's titled Think and Grow Rich and not Work Hard and Grow RIch or Get a Job and Grow Rich.
p139 "What most people do when they want a perfect body is go on a diet, and then go to the gym. This lasts for a few weeks and then most are back to the old diet of French fries and pizza, and instead of goin to the gym, they watch baseball on TV. This is an example of 'doing' instead of 'being.'"
"It's not the diet that counts; it's who you have to be to follow the diet that counts. Yet. every year millions of people look for the perfect diet to follow in order to become thin. They forcus on what they have to do, rather than who they have to be. A diet will not help if your thoughts do not change."
p140 "And when it comes to money, many people try 'to do' what the rich do and 'to have' what the rich have. So they go out and buy a hose and looks rich, a car that looks rich, and send their kids to the schools where the rich send their kids. All this does is cause these people 'to do' by working harder and 'to have' more debt, which causes them to work even harder... which is not what the truly rich do.".................
"People think that working hard for money, and then buying things that make them look rich, will make them rich. In most cases it doesn't. It only makes them more tired. They call it 'Keeping up with the Joneses,' and if you notice, the Joneses are exhausted."
p168 "If you take on debt and risk, then you shold be paid."
p170 One more point, for those thinking about starting to move over to the "B" or "I" quadrants, I recommend starting small... and taking your time. Do bigger deals as your confidence grows and experience grows. Remember, the only difference between an $80,000 deal and an $800,000 deal is a zero. The process of going through a small deal is much the same as soing through a much larger multimillion-dollar public offering. It's only a matter of more people, more zeros and more fun.
Once a person gains expecrience and a good reputation, it takes less and less money to create bigger and bigger investments. Many times it takes no money to make a lot of money. Why? Experience is valuable. As stated earlier, if you know how to make money with money, people and money will flock to you. Start small and take your time. Experience is more important than money.
p229. I was the one who wanted to change. So instead of changeing myself, I was pressuring them to change. After soing this exercise, I realized that I was projecting my personal expectations onto others. I wanted them to do what I did not want to do. I also thought that they should want and ave the same things I did. It was not a healty relationship. Once I realized what was happening, I was able to take the steps to change myself.
p232 Just as inside every problem lies an opportunity.. inside every disappointment lies a priceless gem of wisdom.
Whenever I heare someone say, "I'll never do that again," I know I am listening to someone who has stopped learning. They have let disappointment stop them. Disappointment has turned into a wall erected around them, instead of a foundation from which to grow taller.
My rich dat helped me learn how to deal with deep emotional desappointments. Rich dad would often say, "The reason there are few self-made rich people is because few people can tolerate desappointment. Instead of learning to face disappointment, they spend their lives avoiding it"
He also said, "Instead of avoiding it, be prepared for it. Disappointment is an important part of learning. Just as we learn from our mistakes, we gain character from our disappointments."
p233 The point is, we can never know everything beforehand, and we often only learn things when we need to learn them. That is why I recommend you try new things and expect disappointment, but always have a mentor standing by coach you through the experience. Many people never start projects simply because they do not have all the answers. You will never have all the answers, but begin anyway. As my friend Keith Cunningham always says, "Many people will not head down the street untill all the lights are green. That is why they don't go anywhere."
p241 "I can't stop working and start my own business. I have a mortgage and a family to think about."
You might be saying:
"I'm tired. I don't want to do anything more."
or,
"I really don't want to learn anything more."
These are personal truths.
As a reminder, I still read Stone Soup today, for I personally have a tendency to be a tyrant, instead of a leader, when things do not go my way.
p27 Can you make a better hamburger than McDonald's?
大切なのはシステム
ｐ３４
The definition of wealth is: @The number of days you can survive, withoug physically working (or anyone else in your household physically working) and still maitain your standard of living.
For example: If your monthly expenses are $1,000 a month, and if you have $3,000 in savings, your wealth is approximately 3 monts or 90 days. Wealthe is measured in time, not dollars.
p37 They buy stocks low and hope to sell high, In reality, their
profession is "trading," much like a person who owns a retail shop and
buys items at whole sale and sells them at retail. There is still
something they physically must do to generate the money.
p50 @Financial intelligence is not so much how much money you make, but
how much money you keep, how hard that money works for you, and how
many generations you keep it for."
p54 Many wise "S's" sell their business at their peak, before they run out of steam, to someone with energy and money. They take some time off, and then start something new. They keep doing their own thing and love it. But they have to know when to get out.
p114 "If you want to be successful on the right side, when it comes to money, you have got to know the difference between facts and opinions. You cannot blindly accept financial advice the way people on the left side do. You must know the numbers. You must know the facts. And numbers tell you the facts. Your financial survival depends upon facts, not some friend or adviser's wordy opinions.
p117 if you can read financial statements you can tell immediately how an individual is doing... rather than going by yours or somebody else's opinions. As I said, one is not better than the other. To be successful in life, especially financially, you must know the difference. If you cannot verify something is a fact, then it is an opinion. Financial blindness is when a aperson cannot read numbers... so they must take someone else's opinion....
p127 When my educated dad learned that Kim and I were struggling financially, doing our best to set up our own educational system, he sent us those quotes. Scribbled across the top of the page of the quotes were these words:
"Keep going."
P133 "Are you trying to say that people on the left pay to take risks and the people on the right side get paid to take risks?" ....
"If you buy shares of stock in a company, who takes the financial risk? You or the company?"
"I guess I do," I said , still puzzled.
"And if I am a medical insurance company and I insure your health and take on your health risk, do I pay you?"
"No, " I said. "If they insure my health, and they take that risk, I pay for it."
もし、リスクをとるんであればその”リスクをとる”という行為自体にお金は払われているか？
p138 There is a good reason why it's titled Think and Grow Rich and not Work Hard and Grow RIch or Get a Job and Grow Rich.
p139 "What most people do when they want a perfect body is go on a diet, and then go to the gym. This lasts for a few weeks and then most are back to the old diet of French fries and pizza, and instead of goin to the gym, they watch baseball on TV. This is an example of 'doing' instead of 'being.'"
"It's not the diet that counts; it's who you have to be to follow the diet that counts. Yet. every year millions of people look for the perfect diet to follow in order to become thin. They forcus on what they have to do, rather than who they have to be. A diet will not help if your thoughts do not change."
p140 "And when it comes to money, many people try 'to do' what the rich do and 'to have' what the rich have. So they go out and buy a hose and looks rich, a car that looks rich, and send their kids to the schools where the rich send their kids. All this does is cause these people 'to do' by working harder and 'to have' more debt, which causes them to work even harder... which is not what the truly rich do.".................
"People think that working hard for money, and then buying things that make them look rich, will make them rich. In most cases it doesn't. It only makes them more tired. They call it 'Keeping up with the Joneses,' and if you notice, the Joneses are exhausted."
p168 "If you take on debt and risk, then you shold be paid."
p170 One more point, for those thinking about starting to move over to the "B" or "I" quadrants, I recommend starting small... and taking your time. Do bigger deals as your confidence grows and experience grows. Remember, the only difference between an $80,000 deal and an $800,000 deal is a zero. The process of going through a small deal is much the same as soing through a much larger multimillion-dollar public offering. It's only a matter of more people, more zeros and more fun.
Once a person gains expecrience and a good reputation, it takes less and less money to create bigger and bigger investments. Many times it takes no money to make a lot of money. Why? Experience is valuable. As stated earlier, if you know how to make money with money, people and money will flock to you. Start small and take your time. Experience is more important than money.
p229. I was the one who wanted to change. So instead of changeing myself, I was pressuring them to change. After soing this exercise, I realized that I was projecting my personal expectations onto others. I wanted them to do what I did not want to do. I also thought that they should want and ave the same things I did. It was not a healty relationship. Once I realized what was happening, I was able to take the steps to change myself.
p232 Just as inside every problem lies an opportunity.. inside every disappointment lies a priceless gem of wisdom.
Whenever I heare someone say, "I'll never do that again," I know I am listening to someone who has stopped learning. They have let disappointment stop them. Disappointment has turned into a wall erected around them, instead of a foundation from which to grow taller.
My rich dat helped me learn how to deal with deep emotional desappointments. Rich dad would often say, "The reason there are few self-made rich people is because few people can tolerate desappointment. Instead of learning to face disappointment, they spend their lives avoiding it"
He also said, "Instead of avoiding it, be prepared for it. Disappointment is an important part of learning. Just as we learn from our mistakes, we gain character from our disappointments."
p233 The point is, we can never know everything beforehand, and we often only learn things when we need to learn them. That is why I recommend you try new things and expect disappointment, but always have a mentor standing by coach you through the experience. Many people never start projects simply because they do not have all the answers. You will never have all the answers, but begin anyway. As my friend Keith Cunningham always says, "Many people will not head down the street untill all the lights are green. That is why they don't go anywhere."
p241 "I can't stop working and start my own business. I have a mortgage and a family to think about."
You might be saying:
"I'm tired. I don't want to do anything more."
or,
"I really don't want to learn anything more."
These are personal truths.
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