Page 248 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf

242 I CHAPTER TWENTY-ONE

working, iswell over a million dollars a year.

This is why I recommend students take courses in accounting and
business law in college. Once you graduate from college, begin practicing.
You will need to convert your education into experience. The more you

practice, the more you learn and the more experience you gain. Youwill find
that your risk will go down and your returns will go up.
Kim has written a book entitled Rich Woman. She has earned the right
to write this book. It rook Kim abour 10 years to become pretty good, and
now I'd say she's joining the ranks of the experts. The subtitle ofthe book
says it all: "Because I hate being told what to do." I can attest to that
statement. The reason she became rich is because she wants the freedom to
live life according to her terms.

My Bank Pays Me Interest

I can hear some ofyou saying, "Well, my savings pay me interest as a
return." Again, the problem with savings is that the value of the dollar is
falling faster than the interest it earns. With savings, you have very little
control over your income or the return on your money.
People who retire with fixed incomes, now and into the future, will
probably seeinflation go up, which means the value oftheir dollar or savings
will erode.
I would rather learn to control my income, returns on my money,
instead of turn it over to a banker. I do keep some money in savings, as a
reserve, but I am not counting on the dollar to keep me alive.
I encourage people to learn to develop an investor's mentality rather
than a saver's mentality. You'll sleep better when you're older ifyou do.

In Conclusion

Ifyou are in college, get a basic education in accounting and business
law.Once you leaveschool, invest some time converting that education into
experience. In theory, learning to have control over cash flowing from
income, expenses, assets and liabilities sounds easy, but in reality, it is not.
Converting educational theory ro real-life experience is vital.