Rich Dad Poor Dad: S5 – E2 – Take Risks or Play it Safe?

Although both dads worked hard, I noticed that one dad had a habit of putting his brain to sleep when it came to finances, and the other had a habit of exercising his brain. The long-term result was that one dad grew stronger financially, and the other grew weaker. It is not much different from a person who goes to the gym to exercise on a regular basis versus someone who sits on the couch watching television. Proper physical exercise increases your chances for health, and proper mental exercise increases your chances for wealth.

I had two influential fathers, I learned from both of them. I had to think about each dad’s advice, and in doing so, I gained valuable insight into the power and effect of one’s thoughts on one’s life. For example, one dad had a habit of saying, “I can’t afford it.” The other dad forbade those words to be used. He insisted I ask, “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. My soon-to-be-rich dad would explain that 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. He did
not mean that you should buy everything you want. He was fanatical about exercising your mind, the most powerful computer in the world. He’d say, “My brain gets stronger every day because I exercise it. The stronger it gets, the more money I can make.” He believed that automatically saying “I can’t afford it” was a sign of mental laziness.

My two dads had opposing attitudes and that affected the way they thought. One dad thought that the rich should pay more in taxes to take care of those less fortunate. The other said, “Taxes punish those who produce and reward those who don’t produce.”

One dad recommended, “Study hard so you can find a good company to work for.” The other recommended, “Study hard so you can find a good company to buy.”

One dad said, “The reason I’m not rich is because I have you kids.” The other said, “The reason I must be rich is because I have you kids.”

One encouraged talking about money and business at the dinner table, while the other forbade the subject of money to be discussed over a meal.

One said, “When it comes to money, play it safe. Don’t take risks.” The other said, “Learn to manage risk.”

One believed, “Our home is our largest investment and our greatest asset.” The other believed, “My house is a liability, and if your house is your largest investment, you’re in trouble.”

Both dads paid their bills on time, yet one paid his bills first while the other paid his bills last.

One dad believed in a company or the government taking care of you and your needs. He was always concerned about pay raises, retirement plans, medical benefits, sick leave, vacation days, and other perks. He was impressed with two of his uncles who joined the military and earned a retirement-and-entitlement package for life after twenty years of active service. He loved the idea of medical benefits and PX privileges the military provided its retirees. He also loved the tenure system available through the university. The idea
of job protection for life and job benefits seemed more important,
at times, than the job. He would often say, “I’ve worked hard for the government, and I’m entitled to these benefits.”

The other believed in total financial self-reliance. He spoke out against the entitlement mentality and how it created weak and financially needy people. He was emphatic about being financially competent.

One dad struggled to save a few dollars. The other created investments. One dad taught me how to write an impressive resumé so I could find a good job. The other taught me how to write strong business and financial plans so I could create jobs.

Podcast

Practicing Accountability

Practicing accountability. Man, how hard is it to be accountable for other people’s actions? I mean, it’s easy to say “hey, you’re not performing on the job. Please get your act together!” But if you’re selling and getting clients, but you never come through because you don’t have the teachers to deliver the results….you LOSE!

Old Job Marketing Executive

Ok, old job and a guy by the name of WHO CARES is great at telling the clients what they want to hear. He gets an enormous amount of clients around BKK. However, because he works for a language center that lacks the teachers that can deliver results, his reputation and capabilities take a significant hit.

That’s like most NBA/NFL franchises. They promise the world, salaries, help, championships, but they never deliver to those individuals who they promise. This is when you make a bad name for yourself.

At some stage of my career, I’m going to probably have to employ staff (teachers), but this really scares the hell out of me because I know most aren’t capable of getting the job done. That’s why I would love to hold my own workshops, create my own courses, deliver all the materials by myself.

This behavior is built on the principles of accountability, responsibility, stewardship, and ownership. The opposite of this behavior is to not take responsibility, to not own up, but rather to say, “It’s not my fault.” Its counterfeit is to point fingers and blame others, to say, “It’s their fault.”

Podcast

Ramble of Positivity: Episode XXVII – Trifecta & 2018 Health Goal is Here!

Man, on the eve of one of the greatest runs I will ever experience, here I am bringing a long tradition back.  if you guys are unsure what this is about, the Ramble of Positivity is about stating all the great things that are happening in your present life.  It’s about writing your list of gratitude down below, so here’s my!

  • I’m so happy and grateful that this year has turned into the most successful year of my life.
  • I’m so thankful for the people I’ve attracted into my life.
  • I’m truly grateful for the hardships that ultimately turning into the greatest success of my life.
  • WIth all my heart, I’m unbelievably grateful for attracting the best situations that have set me up to make a massive splash in 2019.

2019 — a number that is lingering large — remains anonymous for everyone.  Those people who were shouting those phrases, “2018 is going to be my b****” ended up doing the same thing for 2018 because they weren’t able to destroy those beliefs and negative conditioning.  This is one of the biggest problems for everyone out there.  However, where I was at the beginning of this year, trying to get out of one of the most toxic working environments imaginable; to where I am now, forming a mastermind group, podcasts, job opportunities, ebooks, webinars — is short of magnificent.  Just unbelievably amazed how I’ve come this far, and this is why I just need to soak this in.

Now, back to the main topic at hand.  Trifecta glory.  Wait, let’s just go back to my blog at the beginning of the year.  I’m laughing hysterically because I never had the opportunity to go to Bishkek, and I never did the Spartan Sprint in Hong Kong (thank the UNIVERSE FOR THAT!).  Even with the massive Beast in Bright, Australia, I had a fall out with a friend and didn’t really trust her after the situation had gone soar.  So, there was a Malaysian Sprint, a VERY-VERY-TERRIBLE Spartan Super in an egregious part of Thailand, and then the exceptional Beast which is approaching in 27 hours.

But let’s dig even deeper into those blogs, which I’ll probably review in full very soon.  I think the amazing part of my shortcomings was that I never gave up.  Going back to my personal development blog, I felt a Very-Scared-Arsenio writing.  Being at that job, having those chest pains, and anxiety, is unbelievable.  It’s like “why did you put up with it for so long?” However, I was already on my way out when I made it up in my mind just a couple months before.  That was a super difficult couple of months.  Not knowing what the future held for me, but with patience and knowing that I was too good not to have a job, it all came because of hustle.  That’s what I’m so grateful for today.  Being grateful for the magnificent overcoming of who I was back in the grit.  I knew that there was something out there willing to give me something…and it happened.

Now, I’m at the cusp of one of the biggest races of my life, and it’s time to establish myself as one of the greats (in my own mind).

Podcast