Page 125 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf

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THE Two THINGS You INVEST I 119

Financial Experts

Many investors think investing is riskybecause they take financial advice
from financial experts who have very little financial training or experience.
I;., 1. Do you realize that it takes more time to become a licensed
r·,·· massage therapist than it takes to become a financial advisor?

2. Do you know that less than 20 percent ofall stockbrokers and
t real estate brokers invest in the product they recommend you
invest in?
3. Do you know that most financial journalists have very little
financial training or real-world investment experience?
4. Do you know how many people invest offofhot tips - hot tips
from poor people, not rich people?
S. How many ofour politicians and lawmakers have any real-world
investment experience?
6. How many schoolteachers have any real-world financial training
or experience?

Don't Be A Patsy

I once heard Warren Buffett say, "If you are sitting in a poker game and
after20 minutes you do not know who the patsy is ... then you're the patsy."
My rich dad would say, "The reason why most E and S quadrant people
suffer is because they take financial advice from other Es and Ss," Or, as
Warren Buffett has said (and I've referenced earlier in this book), "Wall
Street is the only place that people drive to in a Rolls Royce to take advice
from people who ride the subway."

Choose Your Advice Carefully

Sinceyour mind isyour most valuable assetand your most valuable lever,
you need to be careful about what you put in it. Sometimes it is even more
difficult to get rid ofthoughts and ideas that are already in your mind than
t Many financial journalists disagree with my thought process - my ideas
..... it is to learn something new.

11... .-..,;, _
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Two MEN • ONE MESSAGE