Earlier this week, while waiting for my girlfriend to ready herself, I picked a book off the shelf to while away the time. It’s a book I haven’t read in a long time, yet one that ultimately kick-started my foray into the world of money-making. Robert Kiyosaki’s Rich Dad, Poor Dad was one of the first wealth creation books, to my knowledge, that really found widespread usage among the common working man, hitting bestseller lists and, a decade later, is still on many people’s tongues. It forms the foundation of wealth creation.
I opened to a random page and read the section where Robert and his friend, Mike, at the age of nine decided they wanted to make money. For them, the incentive was a social one. They were both from middle-class families who were doing well enough; they weren’t rich and they weren’t poor. But Robert and his friend had by stroke of fate wound up at the primary school for the rich kids of the community and so, by comparison, they felt very poor. The other kids always had new toys and were jetting off on fancy holidays and rubbing the fact in Robert’s face, as kids do.
By another stroke of fate, even though Mike’s father wasn’t yet considered a wealthy man, he was already building an empire. This was Robert’s rich dad. He taught him the basics of wealth creation.
The section that I read that morning included Robert venting in Mike’s father’s office, the child angry at his “rich dad” for “exploiting” him. Mike’s dad had agreed to help the boys learn how to make money by offering them employment for a meagre wage. When Robert eventually built up the courage to confront him, he laughs and tells him that in all the time he has been building and buying business, not one person ever asked him how to make money. They were happy to work for him, become his employees but, until these two boys, nobody wanted to take responsibility for their own financial creation.
That statement stood out for me. Most people fall short on their finances and blame the economy or their employer or the taxman, just about anybody that is not them. Very few say, “Okay, what can I do about this?”
Making money is a talent in itself. Not matter what your skill level, if you don’t know the art of making money, you will never be financially free, simply because you will always be trading your hours or your skill for money instead of getting money working for you. And sure you will always be able to earn more money as you work harder, longer hours, better your skills, get better paying jobs.
The difference, however, is if ever you are unable to actively work, you receive no money. The people who have built passive income pipelines, making money work for them, can afford to spend more time with the children, their grandchildren, their spouses. They’re the ones who can holiday in the off-peak season, going where they want. They have the time freedom to enjoy their life.
Do you really want to learn to make money or are you looking for a quick fix? Are you willing to take the necessary steps and training to build on your wealth-creation skills? If you aren’t, don’t expect to ever build a sustainable money fountain. It takes time, energy and an education that isn’t offered in highschools and most tertiary education institutions. You literally have to take responsibility for yourself and book yourself into workshops, courses, buy the books and media, work on yourself and your relationship to money.
No one thing is going to magically make you wealthy. More on that in a later post.